Finance...有無人可以幫手做!

boci

1.        The total assets are $900, the fixed assets are $600, long-term debt is $500, and
short-term debt is $200. What is the amount of net working capital?
       
2.        Shareholders’ equity in a firm is $500. The firm owes a total of $400 of which 75
percent is payable within the next year. The firm has net fixed assets of $600. What is the amount of the net working capital?
       
3.        Martha’s Enterprises spent $2,400 to purchase equipment three years ago. This
equipment is currently valued at $1,800 on today’s balance sheet but could actually be sold for $2,000. Net working capital is $200 and long-term debt is $800. What is the book value of shareholders’ equity?

4.        Recently, the owner of Martha’s Wares encountered severe legal problems and is
trying to sell her business. The company built a building at a cost of $1.2 million that is currently appraised at $1.4 million. The equipment originally cost $700,000 and is currently valued at $400,000. The inventory is valued on the balance sheet at $350,000 but has market value of only one-half of that amount. The owner expects to collect 95 percent of the $200,000 in accounts receivable. The firm has $10,000 in cash and owes a total of $1.4 million. The legal problems are personal and unrelated to the actual business. What is the market value of this firm?

5.        Ivan’s, Inc. paid $500 in dividends and $600 in interest this past year. Common
stock increased by $200 and retained earnings decreased by $100. What is the net income for the year?

6.        Teddy’s Pillows has beginning net fixed assets of $480 and ending net fixed
assets of $530. Assets valued at $300 were sold during the year. Depreciation was $40. What is the amount of net capital spending?

7.        At the beginning of the year, long-term debt of a firm is $280 and total debt is
$340. At the end of the year, long-term debt is $260 and total debt is $350. The interest paid is $30. What is the amount of the cash flow to creditors?




8.        Pete’s Boats has beginning long-term debt of $180 and ending long-term debt of
$210. The beginning and ending total debt balances are $340 and $360, respectively. The interest paid is $20. What is the amount of the cash flow to creditors?


9.        Peggy Grey’s Cookies has net income of $360. The firm pays out 40 percent of
the net income to its shareholders as dividends. During the year, the company sold $80 worth of common stock. What is the cash flow to stockholders?


10.        Thompson’s Jet Skis has operating cash flow of $218. Depreciation is $45 and
interest paid is $35. A net total of $69 was paid on long-term debt. The firm spent $180 on fixed assets and increased net working capital by $38. What is the amount of the cash flow to stockholders?




        A firm has net working capital of $400, net fixed assets of $2,400, sales of $6,000, and
        current liabilities of $800. How many dollars worth of sales are generated from every
        $1 in total assets?

2.        A company has sales of $3,200, current liabilities of $900, total assets of $3,000, and
        net working capital of $500. How many dollars worth of sales are generated from
        every $1 in net fixed assets?
       
3.  Detroit Co. has a debt-equity ratio of 40 percent, sales of $8,000, net income of $600,
        and total debt of $2,400. What is the return on equity?

4.        A firm has a return on equity of 15 percent. The debt-equity ratio is 50 percent. The total asset turnover is 1.25 and the profit margin is 8 percent. The total equity is $3,200.  What is the amount of the net income?
       

5.  The following balance sheet and income statement should be used for question 5.(a) to (j)

Sunkist Company
Income Statement for year ended 31 Dec 2008
($ in millions)

                                Net sales                                      $8,450
                                Less: Cost of goods sold                   7,240
                                Less: Depreciation                            400
                                Earnings before interest and taxes        810
                                Less: Interest paid                             70
                                Taxable Income                                $   740
                                Less: Taxes                                    259
                                Net income                                $   481



1)        Kaltex company is proposing to purchase a machine to manufacture a plastic product.  
The cost of the new machine is $2,600,000 with no residual value and its estimated
useful life is 5 years.  Data relating to this project is as follows:

Anticipated production volume:    120,000 units for each of the next five years
Selling price per unit:             $35
Direct material, labour cost per unit:  $ 18
Rent of a new factory plant:         $50,000 per month
Other fixed administration, selling, distribution costs etc:  $28,000 per month
Target payback period:  4 years
Target accounting rate of return:  60%
Required rate of return: 8%

Additional information:
(1)        All the above mentioned revenue and costs will be on cash basis.
(2)        The company adopts the straight-line method in computing the depreciation.
(3)        There will be no closing stock for this new product during the next 5 years.
    (4) Ignore taxation for the period
   
    Required
(a)        Compute the annual net income and net cash flow from this project.
(b)        Find out the project’s payback period and will the project be accepted?
(c)        Find out the accounting rate of return for the project and will the project be accepted?
(d)        Find out the net present value for the project and will the project be accepted?










2)        Sunrise company is considering a capital investment (buying a new equipment) for which the initial outlay is $20,000.  Net annual cash inflows are predicted to be $4,000 for the next 10 years.  Straight-line depreciation will be used, with an estimated salvage value of zero.  Income tax is ignored.

Additional information:
Target payback period:  4 years
Target accounting rate of return: 15%
Required rate of return: 12%

(a)        Compute the payback period and will the project be accepted?
(b)        Compute the accounting rate of return (ARR) and will the project be accepted?
(c)        Compute the net present value (NPV) and will the project be accepted?
(d)        Compute the internal rate of return (IRR) and will the project be accepted?
(e)        Compute the profitability index and will the project be accepted?

[ 本帖最後由 boci 於 11-6-26 03:33 PM 編輯 ]