This preview has intentionally blurred parts. Sign up to view the full document

View Full Document

Unformatted Document Excerpt

G Check Appendix Figures for Assignment Materials Chapter 1 (NCF=No check figures) S1-1 S1-2 S1-3 S1-4 S1-5 S1-6 S1-7 S1-8 S1-9 S1-10 S1-11 S1-12 S1-13 S1-14 S1-15 E1-16A E1-17A E1-18A E1-19A E1-20A E1-21A E1-22A E1-23A E1-24A E1-25A E1-26A E1-27A E1-28B a. $340,000 b. $180,000 c. $110,000 NCF NCF NCF NCF NCF NCF NCF NCF Revenues $94 mil.; Expenses $23 mil.; Net Income $71 mil. RE bal., end $297 mil. Total assets $141,000 RE $31,200 Net cash-oper. $75,000 Cash bal. 12/31/10 $50,000 NCF NCF Fresh Produce $26 bil.; Hudson Bank $14 bil.; Pet Lovers $11 bil. Total assets $930 mil.; Total liabilities $460 mil.; SE $470 mil. 1. $(4) mil. 2. $18 mil. 3. $(16) mil. 1. $175,500 2. $118,000 NCF Total assets $188.9 mil. RE $21 mil. 1. Net inc. $12.4 mil. 2. Div. $0 mil. Net cash-oper. $480,000 End. cash bal. $219,000 Net inc. $364,000 RE 7/31/10 $359,200 Total assets $445,700 Net cash-oper. $366,200 Net increase in cash $10,900 NCF DJ Video Rentals $26 bil.; Ernies Bank $20 bil.; Hudson Gifts & Cards $8 bil. Total assets $850 mil.; Total liabilities $480 mil.; SE $370 mil. E1-30B E1-31B E1-32B E1-33B E1-34B E1-35B E1-36B E1-37B E1-38B E1-39B Q1-40 Q1-41 Q1-42 Q1-43 Q1-44 Q1-45 Q1-46 Q1-47 P1-55A P1-56A 1. $(11) mil. 2. $15 mil. 3. $(51) mil. 1. $162,500 2. $74,000 NCF Total assets $189.2 mil. RE $16.9 mil. 1. Net inc. $9 mil. 2. Div. $0.7 mil. Net cash-oper. $500,000 End. cash bal. $258,000 Net inc. $366,500 RE 7/31/11 $362,400 Total assets $434,500 Net cash-oper. $369,400 Net increase in cash $9,500 NCF a c a a b b c b Q1-48 Q1-49 Q1-50 Q1-51 Q1-52 Q1-53 Q1-54 a c c d b d a P1-62B P1-63B 1. Net inc. $40,000 Diamond: End. assets $83 mil. Net inc. $8 mil. Lally: Begin. assets $25 mil. Expenses $159 mil. Bryant: Begin. liab. $5 mil. Rev. $26 mil.; Div. $(3) mil. 1. Total assets $147,300 SE $88,300 1. Total assets $267,000 RE $105,000 1. Net inc. $82,450 2. RE, end. $152,450 3. Total assets $217,000 1. Net cash-oper. $5,420 in mil. Net increase in cash $1,700 in mil. b. $1,189 d. $3,769 h. $13,419 j. $1,265 m. $975 p. $4,660 w. $14,370 z. $1,175 r. $11,095 v. $5,120 NCF 1. Net inc. $10,000; Total assets $96,000 3. Total resources $8,314 mil. Stockholders owned $2,672 mil. 1. Total liab. $977 mil. SE $2,271 mil. P1-64B P1-65B P1-66B P1-67B P1-68B DC1 DC2 P1-57A P1-58A P1-59A P1-60A P1-61A E1-29B 1. Net inc. $23,400 1. Sapphire: Beg. RE $34 mil. End. Assets $84 mil. Lance: End. RE $18 mil. Rev. $162 mil. Branch: Beg. Assets $7 mil. End. liab. $3 mil. Exp. $15 mil. 1. Total assets $141,100 SE $80,600 1. Total assets $257,000 RE $93,000 1. Net inc. $87,900 2. RE, end. $166,900 3. Total assets $208,400 1. Net cash-oper. $5,400 mil. (Thousands) b. $1,189 d. $3,729 j. $1,330 m. $1,027 p. $4,658 s. $14,398 x. $700 z. $1,240 FOF FOA Chapter 2 (NCF=No check figures) S2-1 S2-2 S2-3 S2-4 S2-5 S2-6 S2-7 S2-8 S2-9 NCF a. $14,800 b. $1,800 Cash bal. $30,000 NCF NCF NCF 2. A/P bal. $1,500 2. Balances: Cash $2,400; A/R $2,800; Service Rev. $5,200 T/B total $46 mil. Net inc. $10 mil. 904 S2-10 S2-11 S2-12 S2-13 E2-14A E2-15A E2-16A E2-17A E2-18A E2-19A E2-20A E2-21A E2-22A E2-23A E2-24A E2-25B E2-26B E2-27B E2-28B E2-29B E2-30B E2-31B E2-32B E2-33B E2-34B E2-35B E2-36 E2-37 E2-38 E2-39 Appendix G 1. $100,500 2. $53,000 3. $31,500 NCF NCF 3. Total dr. = Total cr. = $240,000 Total assets $305,000 NCF 2. a. $80,600 c. $32,900 d. $47,700 NCF NCF 3. Total assets $21,100 Total SE $21,000 NCF 1. T/B total $71,300 2. Net inc. $11,400 T/B total $93,600 Cash bal. $5,800; A/P bal. $400 1. T/B total $29,100 2. Net inc. $5,100 Total assets $301,000 NCF 2. a. $66,700 c. $17,000 d. $49,700 NCF NCF 3. Total assets $20,700 Total SE $20,000 NCF 1. T/B total $70,400 2. Net inc. $12,800 T/B total $94,300 Cash bal. $5,200; A/P bal. $400 1. T/B total $28,800 2. Net inc. $4,900 3. T/B total $18,300 a. $88,000 b. $49,000 c. $16,000 1. T/B out of bal. $200 2. a. $45,000 c. $4,800 Nashua Co: September Med. Exp. $46,000; September 30 Cash $57,000; A/P $46,000 Ditka Hospital: September Service Rev. $46,000; September 30 Cash $0; A/R $46,000 d d d d c Q2-45 Q2-46 Q2-47 Q2-48 Q2-49 a d d c a Q2-50 Q2-51 Q2-52 Q2-53 Q2-54 P2-60A P2-61A d d b a b Q2-55 Q2-56 Q2-57 Q2-58 Q2-59 c d a a c S3-6 S3-7 S3-8 S3-9 S3-10 S3-11 S3-12 S3-13 a. The Matching Principle c. The Revenue Principle a. Prepaid Rent bal. $4,000 b. Supplies bal. $700 3. Book value $60,000 Inc. State.: Salary Exp. $41.1 mil. Bal. Sheet: Salary Pay. $2.8 mil. 3. Debit Interest Pay. $1,500 3. Credit Interest Rec. $1,500 b. Debit Unearned Sub. Rev. $50,000 Prepaid Rent: a. $24,000 b. $16,000 Rent Exp.: c. $0 d. $8,000 NCF (Thousands) Net inc. $11,200; RE 3/31/10 $13,200 RE bal. 3/31/10 $13,200 1. 1.35 2. 0.62 1. a. 1.50 b. 0.58 2. a. 1.42 b. 0.59 NCF a. $130,000 b. $100,000 NCF 2. Net inc. overstated by $17,900 Journal entry 1. Debit Supplies $1,300 2. Credit Supplies $1,000 f. Book value $80,000 Unearned Service Rev. bal. $700 Service Rev. bal. $5,800 Net inc. $3,300; RE 12/31/10 $6,500 Total assets $21,600 Sales rev. $20,200 mil; Insurance exp. $390 mil.; Other oper. exp. $4,220 mil. Mother Megans I/S: Service rev. $3,000 B/S: Unearned service rev. $3,000 2. I/S: Service rev. 405 mil. B/S: Unearned service rev. 110 mil. Net inc. $700 NCF 1. Total assets $56,000; Total SE $33,600 2. Current ratio 1.65; Debt ratio 0.40 Current ratio: a. 1.67 b. 0.95 Debt ratio: a. 0.56 b. 0.39 NCF P2-62A P2-63A P2-64A P2-65A P2-66A P2-67B P2-68B P2-69B P2-70B P2-71B P2-72B P2-73B DC1 DC2 NCF 2. Net inc. $7,500 3. RE 5/31/10 $8,400 4. Total assets $25,700 3. Cash bal. $9,650 A/P bal. $3,700 2. Total assets $61,300 3. Cash bal. $36,000 Total owed $51,100 3. T/B total $43,100 4. Total resources $37,340 Net inc. $1,140 3. T/B total $122,300 NCF 2. Net inc. $7,500 3. RE 5/31/10 $8,000 4. Total assets $24,300 3. Cash bal. $8,050 A/P bal. $3,700 2. Total assets $64,050 3. Cash bal. $41,600 Total owed $52,400 3. T/B total $37,300 4. Total resources $31,820 Net inc. $1,320 3. T/B total $125,300 3. T/B total $22,900 4. Net inc. $4,400 Net inc. $9,000 Total assets $27,000 3. Cash bal. $2,769 mil.; Accts. and Notes Rec. bal. $827 mil.; Invy. bal. $1,399 mil. 5. Net inc. $645 mil. 2. Net sales decreased 5.4% S3-14 S3-15 S3-16 S3-17 S3-18 E3-19A E3-20A E3-21A E3-22A E3-23A E3-24A E3-25A E3-26A E3-27A FOF E3-28A FOA E3-29A Chapter 3 (NCF=No check figures) S3-1 S3-2 Net inc. $390 mil. End. cash $385 mil. Inc. State.: Interest Exp. $1.8 mil. Bal. Sheet: Notes Pay. $4.2 mil. and Interest Pay. $0.1 mil. NCF NCF NCF E3-30A E3-31A E3-32A Q2-40 Q2-41 Q2-42 Q2-43 Q2-44 S3-3 S3-4 S3-5 E3-33A E3-34B Appendix G E3-35B E3-36B E3-37B E3-38B a. $140,000 b. $40,000 NCF 2. Net inc. overstated by $18,950 Journal entry 1. Debit Supplies $900 2. Credit Supplies $1,000 f. Book value $128,000 Unearned Service Rev. bal. $700 Service Rev. bal. $5,300 Net inc. $1,700; RE 12/31/10 $5,200 Total assets $21,500 Sales rev. $20,680 mil; Insurance exp. $440 mil.; Other oper. exp. $4,260 mil. Mother Elizabeths I/S: Service rev. $4,800 B/S: Unearned service rev. $4,800 2. I/S: Service rev. 390 mil. B/S: Unearned service rev. 105 mil. Net inc. $2,100 NCF 1. Total assets $58,000; Total SE $39,500 2. Current ratio 1.67; Debt ratio 0.32 Current ratio: a. 1.11 b. 0.97 Debt ratio: a. 0.55 b. 0.39 7. Net inc. $3,435; Total assets $18,335 9. Current ratio 0.92; Debt ratio 0.51 Current ratio 12/31/10 1.78; 12/31/11 2.11 a. $139,420 b. $199,900 d. $186,420 b b d b b a b b b Q3-61 Q3-62 Q3-63 Q3-64 Q3-65 Q3-66 Q3-67 Q3-68 a c d b d c $7,390 b P3-73A 2. Total assets $82,710; Total equity $73,410; Net inc. $19,710 1. Net inc. $34,200; RE 12/31/10 $18,200; Total assets $47,400 2. Debt ratio 0.53 2. RE bal. 3/31/10 $50,100 1. Total assets $82,800; Total SE $55,700 2. Current ratio 1.60; Debt ratio 0.33 1. Current ratio 1.63; Debt ratio 0.49 2. a. Current ratio 2.25; Debt ratio 0.38 b. Current ratio 2.25; Debt ratio 0.56 1. $6 mil. 1. May 31 Cash basis $0; Accrual basis $500 d. Debit Supplies Exp. $6,600 2. Net inc. $1,390; RE 8/31/10 $68,810; Total assets $90,430 2. Total assets $78,380; Total equity $69,880; Net inc. $12,780 1. Net inc. $32,600; RE 10/31/10 $11,600; Total assets $45,800 2. Debt ratio 0.57 2. RE bal. 03/31/10 $49,800 1. Total assets $82,400; Total SE $56,500 2. Current ratio 1.64; Debt ratio 0.31 1. Current ratio 1.78; Debt ratio 0.44 2. a. Current ratio 2.56; Debt ratio 0.35 b. Current ratio 2.59; Debt ratio 0.54 1. T/B out of bal. $2,000 2. T/B total $62,500 3. Current ratio 1.04 Net inc. $9,000; RE 10/31/11 $6,000; Total assets $41,000 1. Your price $240,000 2. Williams price $308,000 5. 2008: Current ratio 1.30; Debt ratio 0.68 NCF Net inc. $2,950; Total assets $3,090 905 Chapter 4 (NCF=No check figures) S4-1 S4-2 S4-3 S4-4 S4-5 S4-6 S4-7 S4-8 S4-9 S4-10 S4-11 S4-12 S4-13 S4-14 S4-15 E4-16A E4-17A E4-18A E4-19A E4-20A E4-21A E4-22A E4-23A E4-24A E4-25A E4-26A E4-27B E4-28B E4-29B E4-30B E4-31B E4-32B E4-33B E4-34B E4-35B E4-36B E4-37B E4-38 E4-39 NCF NCF NCF NCF NCF NCF NCF Adj. bal. $2,880 NCF NCF NCF NCF NCF Cash available $5 mil. NCF NCF NCF NCF NCF Adj. bal $1,239 Adj. bal $1,753 NCF NCF NCF New financing needed $60 mil. 8.17% NCF NCF NCF NCF Adj. bal $1,238 Adj. bal $1,726 NCF NCF NCF New financing needed $66 mil. 7.54% NCF 1. Cash available $2,728 thou. 2. Current ratio 1.87; Debt ratio .50 b a d d d b NCF NCF Q4-46 Q4-47 Q4-48 Q4-49 Q4-50 Q4-51 b c d d d c P3-74A E3-39B E3-40B E3-41B P3-75A P3-76A P3-77A E3-42B E3-43B P3-78B P3-79B P3-80B P3-81B P3-82B E3-44B E3-45B E3-46B E3-47B P3-83B E3-48B E3-49 P3-84B P3-85B E3-50 E3-51 P3-86B Q3-52 Q3-53 Q3-54 Q3-55 Q3-56 Q3-57 Q3-58 Q3-59 Q3-60 P3-69A P3-70A P3-71A P3-72A DC1 DC2 DC3 FOF 1. $36 mil. 2. Cash basis $(100); Accrual basis $3,400 a. Debit Insurance Exp. $3,200 d. Debt Supplies Exp. $6,900 2. Net inc. $2,440; RE 12/31/10 $62,050; Total assets $80,230 FOA GP Q4-40 Q4-41 Q4-42 Q4-43 Q4-44 Q4-45 P4-52A P4-53A 906 P4-54A P4-55A P4-56A P4-57A P4-58B P4-59B P4-60B P4-61B P4-62B P4-63B P4-64B DC1 DC2 FOF FOA Appendix G 1. Adj. bal. $9,441 1. Adj. bal $7,798.56 NCF 1. (New financing needed) $(9,800) thou. NCF NCF 1. Adj. bal. $7,707 1. Adj. bal. $7,257.11 NCF 1. (New financing needed) $(8,020) NCF Bookkeeper stole $1,000 NCF 1. Adj. bal. $319 mil. NCF E5-24A E5-25A E5-26A E5-27A E5-28A E5-29A E5-30B 3. A/R, net $193,120 B/D Exp. $70; Write offs $146 Nov. 30 Dr. Interest Rec. $450 I/S: Interest rev. $3,750 for 2011 and $11,250 for 2010 a. 0.64 b. 31 days 1. 3 days 3. B/S: Short-term invest. $28,800 I/S: Unrealized gain $4,800 I/S: Div. rev. $700; Unrealized (loss) $(4,000) Div. rev. $468 Gain on Sale of Invest. $17,865 A/R, net $71,180 3. A/R, net $49,880 2. A/R, net $54,700 3. A/R, net $141,540 B/D Exp. $68.50; Write offs $145 June 30 Dr. Interest Rec. $241 I/S: Interest rev. $875 for 2011 and $2,625 for 2010 a. 0.69 b. 32 days 1. 3 days Expected Net inc. with bank cards $178,120 a. $70 mil. b. $52,999 mil. d c d a $188,720 a c $2,000 Q5-52 Q5-53 Q5-54 Q5-55 Q5-56 Q5-57 Q5-58 Q5-59 c d a d Cash b c c P5-69B P5-70B P5-71B 5. I/S: Uncollect.-acct. exp. $325 3. A/R, net: 2011 $222,330; 2010 $208,800 2. Corrected ratios: Current 1.49; Acid-test 0.75 3. Net inc., corrected $77,400 2. 12/31/11 Note rec. $15,400; Interest rec. $60 1. 2011 ratios: a. 1.67 b. 0.90 c. 17 days Net inc. $223,000 2010: Days sales in rec. 26 days; Cash collections $1,456 thou. 3. The allowance for doubtful customer and vendor accounts receivable is $81 million in 2008 and $64 million in 2007. NCF P5-72B P5-73B E5-31B E5-32B E5-33B E5-34B E5-35B E5-36B E5-37B E5-38B E5-39B E5-40B E5-41B E5-42 E5-43 Q5-44 Q5-45 Q5-46 Q5-47 Q5-48 Q5-49 Q5-50 Q5-51 P5-60A DC1 DC2 FOF FOA Chapter 5 (NCF=No check figures) S5-1 S5-2 S5-3 S5-4 S5-5 S5-6 S5-7 S5-8 S5-9 S5-10 S5-11 S5-12 S5-13 S5-14 S5-15 S5-16 S5-17 E5-18A NCF Unrealized gain on investment $11,000 Unrealized loss on investment ($7,000) NCF NCF 2. A/R, net $25,520 4. Dr. Uncollect.-Acct. Exp. $40,000 3. A/R, net $115,520 d. Uncollect.-Acct. Exp. $650 3. A/R, net $54,000 NCF b. Dr. Cash $135,850 3. $176,941.67 c. Dr. Cash $2,200 c. Nothing to report d. Interest rev. $33.33 1. 1.05 2. 34 days 1. Net loss ($516) 3. 1.55 3. B/S: Short-term invest. $52,800 I/S: Unrealized gain $9,600 I/S: Div. rev. $400; Unrealized (loss) $(3,000) Div. Rev. $486 Gain on Sale of Invest. $8,670 A/R, net $60,100 3. A/R, net $45,560 2. A/R, net $51,700 Chapter 6 (NCF=No check figures) S6-1 S6-2 S6-3 S6-4 S6-5 S6-6 S6-7 S6-8 S6-9 S6-10 S6-11 S6-12 S6-13 S6-14 E6-15A E6-16A E6-17A E6-18A E6-19A E6-20A E6-21A E6-22A NCF Gross profit $60,000 COGS: Avg. $4,022.66; FIFO $3,980; LIFO $4,140 Net inc.: Avg. $2,369; FIFO $2,394; LIFO $2,311 Inc. tax exp. Avg. $711; FIFO $718; LIFO $693 NCF COGS $455,000 NCF NCF GP% 0.567; Inv. TO 8.6 times $184,000 c. $1,144 mil. d. $756 mil. 1. Correct GP $5.5 mil. 2. Correct GP $3.8 mil. NCF 2. Gross profit $38,000 thou. 3. Gross profit $4,770 1. COGS: (a) $1,860 (b) $1,872 (c) $1,830 (d) $1,920 $31.50 2. Net inc. $455 1. GP: FIFO $0.8 mil. LIFO $2.0 mil. Gross Profit $44,800 Net Income (net loss) $(2) mil. P5-61A P5-62A P5-63A P5-64A P5-65A P5-66A P5-67B E5-19A E5-20A E5-21A E5-22A E5-23A P5-68B 3. $7,200 4. Div. rev. $432; Unrealized (loss) on invest. $(3,600) NCF 5. I/S: Uncollect.-acct. exp. $650 3. A/R, net: 2011 $220,910; 2010 $209,400 2. Corrected ratios: Current 1. 36; Acid-test 0.69 3. Net inc., corrected $67,500 2. 12/31/11 Note rec. $14,600; Interest rec. $200 1. 2011 ratios: a. 1.57 b. 0.85 c. 16 days 3. $8,400 4. Div. rev. $576; Unrealized (loss) on invest. $(3,600) NCF Appendix G E6-23A E6-24A E6-25A E6-26A E6-27A E6-28B E6-29B E6-30B E6-31B E6-32B E6-33B E6-34B E6-35B E6-36B E6-37B E6-38B E6-39B E6-40B E6-41 E6-42 E6-43 Matthews GP% 57.1; Invy. TO 4.5 times 1. FIFO GP% 0.408; Invy. TO 3.9 times $7,450 mil. $38,035 Net inc.: 2010 $39,000; 2009 $41,000 2. Gross profit $34,000 thou. COGS debit $2,250; Ending Inv. $1,700 1. COGS: (a) $2,300 (b) $2,310 (c) $2,250 (d) $2,350 $32 2. Net inc. $325 1. GP: FIFO $0.7 mil.; LIFO $2.0 mil. Gross Profit $41,500 Net Income (net loss) $(11) mil. Ogden GP% 54.7; Invy. TO 6.7 times 1. FIFO GP% 0.392; Invy. TO 4.5 times $7,120 mil. $42,225 Net inc.: 2010 $37,500; 2009 $41,000 NCF 1. $159,600 2. $166,850 2010 ratios; GP% 0.205; Invy. TO 3.5 times. c d d a b b b b b Q6-53 Q6-54 Q6-55 Q6-56 Q6-57 Q6-58 Q6-59 Q6-60 d a a d c b c a P6-68A P6-69A P6-70B P6-71B P6-72B 1. $771,200 2. Net inc. $154,000 1. Net inc. each yr. increased by $2 mil. 3. Net inc. $1,369,358 2. Gross profit $2,465 3. $2,019 1. COGS: Avg. $7,999; FIFO $7,896; LIFO $8,153 3. Net inc. $3,693 1. GP: Avg. $55,055; FIFO $55,572; LIFO $54,619 NCF 1. Pastry People, Inc.: GP% 13; Invy. TO 19.1 times 1. $96,340 2. GP $278,640 1. $799,980 2. Net inc. $156,000 1. Net inc. each yr. decreased by $1 mil. 1. Net inc.: FIFO $249,000; LIFO $213,000 NCF 4. GP% 2008 22.3 5. Invy. TO 11.5 times 1. c. $3,995 mil. 3. cash payments $4,018. 5. GP% 2007 26.1%; Invy. TO 3.10 times S7-3 S7-4 S7-5 907 S7-6 S7-7 S7-8 S7-9 S7-10 S7-11 S7-12 S7-13 S7-14 E7-15A E7-16A E7-17A E7-18A E7-19A E7-20A E7-21A E7-22A E7-23A E7-24A E7-25A E7-26A E7-27A E7-28A E7-29B E7-30B E7-31B E7-32B E7-33B E7-34B E7-35B E7-36B E7-37B E7-38B E7-39B E7-40B E7-41B E7-42B E7-43 E7-44 E7-45 P6-73B P6-74B P6-75B P6-76B P6-77B P6-78B Dr. Land $70,000; Bldg. $42,000; Equip. $28,000 NCF 2. BV: SL $43,400,000; UOP $46,800,000; DDB $31,800,000 a. $9,600,000 b. $10,200,000 c. $7,632,000 2. $3,712,000 a. 1,650,000 b. 3,608,000 c. 3,750,000 Depr. Exp. $14,167 2. Loss on Sale of Airplane $12,000,000 3. Book value $77.2 bil. 1. $1,800,000 Net inc. $270,000 Net cash (used) $(9.0) mil. Land $380,500; Land improve. $77,000; Bldg. $709,000 Gain on sale $1,290 NCF 2. Bldg., net $732,177 Depr. 2013: SL $4,050; UOP $3,150; DDB $0 I/S: Depr. exp.bldg. $8,450 B/S: Bldg., net $215,550 $6,050 Depr. exp., Yr. 21 $14,500 Loss on sale $972 BV of old truck $272,200 BV $420,650 Part 2 Amortiz. exp. $225,000 1. $10 mil. a. Sale of bldg. $650,000 Land $362,500; Land improve. $68,000; Bldg. $653,000 Gain on sale $2,120 NCF 2. Bldg., net $754,803 Depr. 2013: SL $4,200; UOP $4,480; DDB $0 I/S: Depr. exp.bldg. $8,300 B/S: Bldg., net $211,700 $4,125 Depr. exp., Yr. 21 $16,000 Loss on sale $1,186 BV of old truck $263,890 BV $440,200 Part 2 Amortiz. exp. $175,000 1. $16 mil. a. Sale of bldg. $610,000 2,400 hours (Loss) on sale ($73) mil. Net inc. under DDB $50 mil. DC1 DC2 FOF FOA Q6-44 Q6-45 Q6-46 Q6-47 Q6-48 Q6-49 Q6-50 Q6-51 Q6-52 P6-61A P6-62A P6-63A Chapter 6 Appendix A S6A-1 S6A-2 E6A-3A NCF 2. COGS $1,050 3. GP $2,150 COGS: Specific $985; Avg. $987.30; FIFO $955; LIFO $1,035 4. $1,035 Avg. cost per unit $66.80 4. $1,130 2. GP $4,812 2. $1,920 COGS $1,870 2. COGS $1,880 P6-64A P6-65A P6-66A P6-67A 3. Net inc. $1,535,576 2. Gross profit $3,264 3. $2,265 1. COGS: Avg. $6,415; FIFO $6,310; LIFO $6,561 3. Net inc. $3,065 1. GP: Avg. $58,559; FIFO $59,088; LIFO $58,087 NCF 1. Sprinkle Top, Inc.: GP% 12.1%; Invy. TO 15.4 times 1. $80,360 2. GP $268,960 E6A-4A E6A-5B E6A-6B P6A-7A P6A-8A P6A-9B P6A-10B Chapter 7 (NCF=No check figures) S7-1 S7-2 2. value Book $29,902 mil. NCF 908 E7-46 Appendix G Net inc. Yr. 4 2.0 mil. overstated a b a a d c b c Q7-55 Q7-56 Q7-57 Q7-58 Q7-59 Q7-60 Q7-61 c b d Gain $700 BV $7,000 b d FOF FOA NCF 1. Cash paid to repay capital lease $14 mil. 4. % of assets used up 2007 78.5% E8-33B E8-34B E8-35B E8-36B Unearned subscr. rev. $325 P/R tax exp. $14,400; P/R tax pay. $850 3. Interest exp. 2010 $3,417; 2011 $683 Income tax pay. $265,000 Income tax exp. $375,000 2. Debt ratio 0.49 Est. Loss $2,500,000 c. Unearned sales revenue $20,000 12/31 Interest exp. $275,000 3. and 4. $704,000 1. 12/31/12 Bond carry. amt. $756,748 1. 6/30/12 Bond carry. amt. $3,379,593 12/31/14 Bond carry. amt. $719,992 1. Carry. amt. $3,492,000 2. Pd.-in Cap. in excess of Par $3,276,000 Company L: Current 2.42; Debt 0.740; Times-int.-earned 7.9 1. EPS: A $7.12; B $3.65 Pay off $88,360 1. Gain on Retirement $55 mil. 3. Debt ratio after 0.60 5. 3/15/12 Bond carry. amt. $665,896 c d a b c d c a f d Q8-61 Q8-62 Q8-63 Q8-64 Q8-65 Q8-66 Q8-67 Q8-68 Q8-69 a c Interest exp. $18,600 Interest exp. $6,200 e b d a a Q7-47 Q7-48 Q7-49 Q7-50 Q7-51 Q7-52 Q7-53 Q7-54 P7-62A Chapter 8 (NCF=No check figures) S8-1 S8-2 S8-3 S8-4 S8-5 S8-6 S8-7 S8-8 S8-9 S8-10 S8-11 S8-12 S8-13 S8-14 S8-15 E8-16A E8-17A E8-18A E8-19A E8-20A E8-21A E8-22A E8-23A E8-24A E8-25A E8-26A E8-27A E8-28A E8-29A 6/30/11 Debits include Interest exp. $300 2. Interest exp. $300 2. Est. Warranty Pay. bal. $20,980 NCF NCF a. $227,250 b. $308,250 NCF 12/31/10 Interest exp. $2,200 1. 9/30/11 Bond carry. amt. $472,873 3. Interest exp. 2011 $18,619 1. $1,825,000 3. $75,000 b. Interest exp. $21,500 EPS: A $4.69 B $3.13 Times-int.-earned ratio 3.1 Total liab. $776,000 2. Warranty exp. $11,270 Est. warranty pay. $6,270 Unearned subscr. rev. $1,050 P/R tax exp. $16,000; P/R tax pay. $800 3. Interest exp. 2010 $3,320; 2011 $1,660 Income tax pay. $242,000 Income tax exp. $432,000 2. Debt ratio 0.49 Est. Loss $1,500,000 c. Unearned sales revenue $55,000 12/31 Interest exp. $357,500 3. and 4. $685,000 1. 12/31/12 Bond carry. amt. $2,162,607 1. 6/30/12 Bond carry. amt. $934,015 12/31/19 Bond carry. amt. $100,000 1. Carry. amt. $3,176,250 2. Pd.-in Cap. in excess of Par $3,052,500 Company N: Current 2.70; Debt 0.76; Times-int.-earned 7.2 1. EPS: A $5.70; B $3.00 2. Warranty exp. $6,400 Est. warranty pay. $5,000 E8-37B E8-38B E8-39B E8-40B E8-41B E8-42B E8-43B E8-44B E8-45B P7-63A P7-64A P7-65A P7-66A P7-67A P7-68A P7-69A P7-70B P7-71B P7-72B P7-73B P7-74B P7-75B P7-76B P7-77B 1. Land $298,500; Land Improve. $104,040; Sales Bldg. $581,940; Garage Bldg. $119,020; Furn. $81,300 2. Depr. exp.Land Improve. $3,468 2. Bldg. $709,000 12/31 Depr. exp.Equip. $68,400; Depr. exp. Bldgs. $585 NCF 3. Net inc. advantage of SL $40,320 Cash flow advantage of DDB $15,680 1. Book value $2,704 mil. 2. Net inc. $317,720 1. (Loss) on sale $(0.2) bil. 2. BV $0.6 bil. 1. Land $278,600; Land Improve. $102,700; Sales Bldg. $574,860; Garage $120,040; Furn. $80,300 2. Depr. exp.Land Improve. $4,564 2. Bldg. $704,000 12/31 Depr. exp.Equip. $90,000; Depr. exp. Building $893 NCF 3. Net inc. advantage of SL over DDB $39,000 Cash flow advantage of DDB over SL $21,000 1. Book value $2,713 mil. 2. Net inc. $257,925 1. (Loss) on sale $(0.3) bil. 2. BV $0.2 bil. 1. Net inc.: LaPetite $95,400; Burgers $72,600 NCF E8-46B E8-47B E8-48 E8-49 E8-50 Q8-51 Q8-52 Q8-53 Q8-54 Q8-55 Q8-56 Q8-57 Q8-58 Q8-59 Q8-60 P8-70A P8-71A P8-72A P8-73A P8-74A P8-75A P8-76A E8-30A E8-31A E8-32B DC1 DC2 e. Note pay. due in 1 yr. $35,000 Interest pay. $8,400 12/31/10 Warranty Exp. $5,700 5/31/11 Interest exp. $1,250 2. Interest pay. $37,500 Bonds pay. $4,500,000 4. Interest pay. $24,000 Bonds payable, net $891,750 2. $6,748,000 3. a. $329,000 b. $315,000 2. 12/31/Yr. 4. Bond carry. amt. $2,922,688 1. 6/30/12 Bond carry. amt. $2,816,171 Appendix G P8-77A P8-78A NCF 1. Total current liab. $566,000 Total LT liab. $1,552,000 3. Times-int.-earned ratio 1.80 e. Note pay. due in 1 yr. $20,000; Interest pay. $8,500 12/31/10 Warranty Exp. $2,940 5/31/11 Interest exp. $1,875 2. Interest pay. $20,000 Bonds pay. $3,000,000 4. Interest pay. $36,000 2. $3,856,000 3. a. $148,000 b. $140,000 2. 12/31/Yr. 4. Bond carry. amt. $5,888,435 1. 12/31/12 Bond carry. amt. $1,891,868 NCF 1. Total current liab. $667,000 Total LT liab. $540,000 3. Times-int.-earned ratio 1.6 1. Ratios after: Debt 0.93 Times-int.-earned 1.3 1. EPS: A $4.28 B $4.07; C $4.10 NCF NCF E9-20A E9-21A E9-22A E9-23A E9-24A E9-25A E9-26A E9-27A E9-28A E9-29A E9-30A E9-31A E9-32A E9-33A E9-34A E9-35A E9-36B E9-37B E9-38B E9-39B E9-40B E9-41B E9-42B E9-43B E9-44B E9-45B E9-46B E9-47B E9-48B E9-49B E9-50B E9-51B E9-52 E9-53 E9-54 E9-55 Q9-56 Q9-57 Q9-58 Q9-59 Q9-60 Q9-61 Q9-62 Q9-63 Q9-64 Q9-65 P9-76A P9-77A P9-78A P9-79A P9-80A 2. Total SE $108,500 Total SE $155,050 Total PIC $367,000 Total SE $1,479 thou. Overall increase in SE $22,400 NCF Total SE $105,195 mil. 3. 288 mil. shares 5. $22.90 2010: Pfd. $5,400; Com. $54,600 2. Total SE $7,469,200 a. Decrease SE $78 mil. Total SE $3,199 mil. 1. $8.50 2. $7.90 ROA 0.118; ROE 0.186 ROA 0.062; ROE 0.100 NCF 2. Total SE $135,000 Total SE $161,250 Total PIC $685,000 Total SE $981 thou. Overall increase in SE $14,200 NCF Total SE $123,358 mil. 3. 246 mil. shares 5. $24.05 2010: Pfd. $15,750; Com. $84,250 2. Total SE $7,477,600 a. Decrease SE $85 mil. Total SE $2,697 mil. 1. $9.60 2. $8.97 ROA 0.117; ROE 0.187 ROA 0.061; ROE 0.100 NCF NCF NCF Div. $1,455 mil. 12/31/11 Total equity $67 mil. c b e c a a b a a a Q9-66 Q9-67 Q9-68 Q9-69 Q9-70 Q9-71 Q9-72 Q9-73 Q9-74 Q9-75 b a a c b c e b b a P9-81A P9-82A 909 P8-79B P8-80B P8-81B P8-82B P8-83B P8-84B P8-85B P8-86B P8-87B P9-83A P9-84B P9-85B P9-86B P9-87B P9-88B P9-89B P9-90B P9-91B DC1 DC2 DC3 FOF FOA NCF 1. Total assets $576,000 Total SE $311,000 2. ROA 0.089; ROE 0.105 NCF 2. Total SE $381,500 Total SE $719,400 Total SE $6,366,750 4. $138,400 2. Total SE $114,880 NCF 1. Total assets $555,000 Total SE $287,000 2. ROA 0.088; ROE 0.100 NCF 3. Total SE: Plan 1 $220,000 Plan 2 $230,000 NCF 3. Debt ratio, adjusted 0.87 4. ROE 33.3%; ROA 9.7% 2. Avg. price paid $21.90 DC1 DC2 FOF FOA Chapter 10 (NCF=No check figures) S10-1 1. Unrealized Loss on Invest. ($3,600) 2. LT avail.-for-sale invest. $5,200 1. Gain on sale $2,000 3. LT Invest. bal. $430 mil. (Loss) on sale $(60) mil. NCF NCF 2. Cash interest $66,000 4. Interest rev. $57,200 c. Dr. Interest rev. $4,400 Nov. 15 FC Transaction Gain $7,500 Apr. 24 FC Transaction Gain $3,300 NCF NCF Chapter 9 (NCF=No check figures) S9-1 S9-2 S9-3 S9-4 S9-5 S9-6 S9-7 S9-8 S9-9 S9-10 S9-11 S9-12 S9-13 S9-14 S9-15 S9-16 S9-17 S9-18 S9-19 NCF NCF NCF NCF $72,927,000 paid-in capital HP: Dr. Cash $17,123 mil. NCF Total SE $825 thou. a. $534 thou. b. $3,036 thou. c. $3,861 thou. Overall, SE decreased $21 mil. NCF RE increased $43,400 1. $360,000 4. Pfd. $1,080,000 Cr. PIC in excess of Par-Common $42,900 BV per share $63.82 NCF ROA 1.5%; ROE 3.9% NCF Cash flow from financing activities $(6.4) bil. S10-2 S10-3 S10-4 S10-5 S10-6 S10-7 S10-8 S10-9 S10-10 S10-11 S10-12 2. Total SE $672,500 Total SE $844,200 Total SE $7,514,500 4. $379,925 2. Total SE $123,790 E10-13A d. Loss on sale $4,230 E10-14A 2. Unrealized Loss ($27,670) 3. LT investments $210,820 E10-15A Invest. end. bal. $1,567,500 E10-16A Gain on sale $45,000 E10-17A 2. LT investment, at equity $612,500 E10-18A 2. Consol. total SE $337,000 E10-19A 3. Interest rec. $600; LT invest. in bonds $29,430 910 Appendix G P10-57B 2. LT invest. in new software. bal. $646,000 P10-58B 3. Consol. debt ratio 0.902 P10-59B Consol. total assets $1,974,000 P10-60B 2. B/S: LT invest. in bonds $3,084,750; I/S: Interest rev. $78,750 P10-61B 1. I/S: FC transaction (loss) $(2,670) P10-62B 1. FC translation adj. $86,000 DC1 DC2 NCF 2. Gain on sale $6,200 3. Gain on sale $80,000 NCF NCF E11-28B Net income $522,500 Deferred tax liab. $35,000 E11-29B 2. $115,200 3. $50,000 E11-30B RE 12/31/10 $384 mil. E11-31B Total SE 12/31/11 $2,097,400 E11-32B 2. 43.8% Q11-33 Q11-34 Q11-35 Q11-36 Q11-37 Q11-38 b c b b d d Q11-39 Q11-40 Q11-41 Q11-42 Q11-43 Q11-44 c b a b b c E10-20A 1. 10/28 FC Transaction Loss $2,000 E10-21A FC translation adj. $61,900 E10-22A Net cash (used)-invest. $(10.3) mil. E10-23A NCF E10-24B d. Loss on sale $4,140 E10-25B 2. Unrealized Loss $43,695 3. LT investments $246,445 E10-26B Invest. end. bal. $1,273,500 E10-27B Gain on sale $1,726,500 E10-28B 2. LT investment, at equity $583,000 E10-29B 2. Consol. total SE $304,000 E10-30B 3. Interest rec. $750; LT invest. in bonds $38,480 E10-31B 1. 8/30 FC Transaction Loss $1,400 E10-32B FC translation adj. $31,800 E10-33B Net cash (used)-invest. $(11.1) mil. E10-34B NCF E10-35 3. c. LT invest., at equity $1,013,750 E10-36 3. Accum. other comp. (loss) $(41) mil. Q10-37 Q10-38 Q10-39 Q10-40 Q10-41 Q10-42 a b Gain on Sale $15,600 a a c Q10-43 Q10-44 Q10-45 Q10-46 Q10-47 Q10-48 c c c b a a FOF FOA Chapter 11 (NCF=No check figures) S11-1 S11-2 S11-3 S11-4 S11-5 S11-6 S11-7 S11-8 S11-9 S11-10 S11-11 S11-12 NCF NCF Net inc. $12,600 thou. EPS for net inc. $1.16 Comp. inc. $16,100 Est. value $21.00 NCF NCF 2. Net inc. $85,400; Deferred tax liab. $8,400 RE 12/31/10 $123,000 1. $1,140,00 3. Sold TS for $12,000 NCF P10-49A 2. B/S: LT invest. at equity $531,950; I/S: Equitymethod invest. rev. $174,000; Div. rev. $342; Unrealized (loss) $(6,900) P10-50A 2. LT Invest. in Rockaway Software bal. $635,200 P10-51A 3. Consol. debt ratio 0.900 P10-52A Consol. total assets $2,089,000 P10-53A 2. B/S: LT invest. in bonds $2,590,000; I/S: Interest rev. $30,000 P10-54A 1. I/S: FC transaction (loss), net $(1,480) P10-55A 1. FC translation adj. $385,000 P10-56B 2. B/S: LT invest., at equity $519,432; I/S: Equity-method invest. rev. $212,000; Div. rev. $297; Unrealized (loss) $(7,500) E11-13A Net inc. $1,121 thou. E11-14A 1. EPS for net inc. 3.73 2. $48.00 E11-15A 8.9% E11-16A EPS $6.02 E11-17A Net income $0.80 E11-18A Net income $262,500 Deferred tax liab. $22,500 E11-19A 2. $15,000 3. $51,000 E11-20A RE 12/31/10 $354 mil. E11-21A Total SE 12/31/10 $2,063,500 E11-22A 2. 53.6% E11-23B Net inc. $346 thou. E11-24B 1. EPS for net inc. $6.28 2. $80.67 E11-25B 7.7% E11-26B EPS $7.48 E11-27B Net income $1.69 P11-45A 1. Net inc. $46,220; EPS for net inc. $1.99 P11-46A RE 12/31/10 $213,820 P11-47A Est. value $1,020,400; Current mkt. value $946,000 P11-48A 1. EPS for net inc. $1.39 2. Est. value at 10% $15.20 P11-49A Comp. inc. $228,200; EPS for net inc. $11.80 P11-50A 1. $218,000 2. Cr. Deferred tax liab. $3,600 3. Net inc. $161,000 P11-51A 1. $400 mil. 2. $2 per share 3. $10.00 per share 4. Increase in SE $25 mil. 5. 20% P11-52B 1. Net inc. $29,270 EPS for net inc. $1.24 P11-53B RE 12/31/10 $195,520 P11-54B Est. value $375,500 Current mkt. value $437,000 P11-55B 1. EPS for net inc. $1.35 2. Est. value at 9% $16.44 P11-56B Comp. inc. $239,400 EPS for net inc. $24.78 P11-57B 1. $153,000 2. Cr. Deferred tax liab. $9,450 3. Net inc. $117,000 P11-58B 1. $700 mil. 2. $1 per share 3. $23.00 per share 4. Increase in SE $27 mil. 5. 10% DC1 DC2 FOF FOA Use $0.59 NCF 2. Est. value at 5% $30.40 3. Est. value at 6% $5.33 Appendix G 911 Chapter 12 (NCF=No check figures) S12-1 S12-2 S12-3 S12-4 S12-5 S12-6 S12-7 S12-8 S12-9 S12-10 NCF NCF NCF NCF Net cash-oper. $37,000 NCF Net cash-oper. $121,000 Net cash-oper $121,000 Net increase in cash $75,400 a. $71,000 b. $25,000 a. Now borrowing $15,000 b. Issuance $10,000 c. Dividends $196,000 a. Collections from customers $759,000 b. Payments for inventory $313,000 a. Payments to employees $38,000 b. Payments for other expenses $174,000 Net cash-oper. $170,000 Net increase in cash $11,000 Net cash-oper. $24,000 Net cash-oper. $24,000 Net increase in cash $30,300 NCF NCF Net cash-oper. $34,000 Net cash-oper. $(72,000) 1. Net cash-oper. $102,200 Net increase in cash $19,200 Noncash inv. and fin. $52,000 NCF a. $24,000 b. $26,000 Net cash-oper. $(41,000) NCF 1. Net cash-oper. $78,700 Net increase in cash $74,200 a. $67,000 b. $84,000 NCF NCF Net cash-oper. $125,000 Net cash-oper. $143,000 1. Net cash-oper. $105,700 Net increase in cash $18,700 Noncash inv. and fin. $30,000 NCF a. $28,000 b. $13,000 Net cash-oper. $11,000 NCF 1. Net cash-oper. $80,000 Net increase in cash $57,000 a. $64,000 b. $74,000 E12-38 E12-39 (Thousands) a. $23,995 b. $18,114 c. $3,572 d. $532 e. $70 f. $682 a. Loss $80 thou. b. $290 thou. d d b c c c c * c c Q12-50 Q12-51 Q12-52 Q12-53 Q12-54 Q12-55 Q12-56 Q12-57 Q12-58 Q12-59 b c c d a d a a c b P12-71B P12-72B S12-11 Q12-40 Q12-41 Q12-42 Q12-43 Q12-44 Q12-45 Q12-46 Q12-47 Q12-48 Q12-49 P12-73B P12-74B P12-75B S12-12 P12-76B *financing; operating S12-13 S12-14 S12-15 E12-16A E12-17A E12-18A E12-19A E12-20A E12-21A E12-22A E12-23A E12-24A E12-25A E12-26A E12-27B E12-28B E12-29B E12-30B E12-31B E12-32B E12-33B E12-34B E12-35B E12-36B E12-37B P12-60A 1. Net inc. $54,400 2. Total assets $513,400 3. Net cash-oper. $(16,200); Net increase in cash $231,800 P12-61A 1. Net inc. $54,400 2. Total assets $513,400 3. Net cash-oper. $(16,200); Net increase in cash $231,800 P12-62A Net cash-oper. $89,400 Net increase in cash $90,400 Noncash inv. and fin. $265,000 P12-63A 1. Net cash-oper. $108,900 Net increase in cash $35,600 Noncash inv. and fin. $100,000 P12-64A 1. Net cash-oper. $84,700 Net increase in cash $13,300 P12-65A 1. Net cash-oper. $84,700 Net increase in cash $13,300 P12-66A Net cash-oper. $135,600 Net (decrease) in cash $(4,600) P12-67A 1. Net cash-oper. $55,000 Net (decrease) in cash $(12,200) Noncash inv. and fin. $100,800 P12-68A 1. Net cash-oper. $65,100 Net increase in cash $7,900 Noncash inv. and fin. $19,600 P12-69B 1. Net inc. $53,000 2. Total assets $476,600 3. Net cash-oper. $107,000; Net increase in cash $87,000 P12-70B 1. Net inc. $53,000 2. Total assets $476,600 3. Net cash-oper. P12-77B $107,000; Net increase in cash $87,000 Net cash-oper. $144,000 Net increase in cash $34,000 Noncash inv. and fin. $269,000 1. Net cash-oper. $76,000 Net (decrease) in cash $(10,200) Noncash inv. and fin. $30,000 1. Net cash-oper. $86,000 Net increase in cash $12,600 1. Net cash-oper. $86,000 Net increase in cash $12,600 1. Net cash-oper. $83,800 Net (decrease) in cash $(34,000) 1. Net cash-oper. $55,000 Net (decrease) in cash $(29,700) Noncash inv. and fin. $78,700 1. Net cash-oper. $85,100 Net increase in cash $26,500 Noncash inv. and fin. $22,200 (Thousands) 1. Net cash-oper. $132 Net (decrease) in cash $(46) NCF 2. b. Payments for inventory $14,296 4. Dividends $77; Total $127 DC1 DC2 FOF FOA Chapter 13 (NCF=No check figures) S13-1 S13-2 S13-3 S13-4 S13-5 S13-6 S13-7 S13-8 S13-9 S13-10 S13-11 S13-12 2009 Net increase 14.4% 2010 Sales trend 118% 2010 Cash 1.5% Net inc. % Hartigan 6.5% 2010 Current ratio 1.53 1. 2010 Acid-test ratio 1.21 a. 26 times b. 9.6 days 1. 0.814 2. 8.0 a. 8.2% b. 13.4% c. 55.5% 1. EPS $4.76; P/E 12 (a) $3,865 thou. (d) $750 thou. (a) $675 thou (d) $2,730 thou (e) $1,030 thou S13-13 NCF S13-14 NCF E13-15A 2010 WC (decrease) (9.4)% E13-16A Net inc. decreased 15.3% 912 Appendix G E13-38 Sales $6,430 mil. Net inc. $340 mil. b d b c b a Q13-45 Q13-46 Q13-47 Q13-48 Q13-49 Q13-50 b b c c d b P13-61B 1. 2010 ratios: a. 1.93 b. 1.30 c. 5.84 d. 0.482 P13-62B 1. CDROM.COM: a. 0.59 b. 2.16 c. 100 d. 0.68 f. 0.237 2. CDROM.COM EVA $36,920 DC1 DC2 DC3 FOF FOA NCF NCF NCF NCF 2007 trend: Net sales 96%; Net (loss) 19% E13-17A Yr. 4 Net inc. trend 139% E13-18A Current assets 21.7% Total liab. 79.8% E13-19A Net inc. 2010 14.77%; 2009 16.28% E13-20A NCF E13-21A a. 1.50 b. 0.70 c. 3.2 d. 8.0 e. 46 days E13-22A 2010 ratios: a. 1.74 b. 0.69 c. 0.55 d. 4.90 E13-23A 2009 ratios: a. 0.189 b. 0.208 c. 0.216 d. $1.67 E13-24A 2010 ratios: a. 27.9 b. 0.010 c. $2.44 E13-25A Barton Oil -$114.64 mil. E13-26B 2010 WC increase 40% E13-27B Net inc. increase 22.1% E13-28B Yr. 4 Net inc. trend 144.6% E13-29B Current assets 15.15% Total liab. 55.22% E13-30B Net inc. 2010 16.76%; 2009 16.13% E13-31B NCF E13-32B a. 1.92 b. 1.18 c. 3.3 d. 6.1 e. 60 days E13-33B 2010 ratios: a. 2.35 b. 0.96 c. 0.57 d. 4.66 E13-34B 2010 ratios: a. 0.185 b. 0.295 c. 0.286 d. $1.58 E13-35B 2010 ratios: a. 22.4 b. 0.015 c. $5.94 E13-36B Houlie Oil $121.82 mil. E13-37 Total assets $21,000 mil. Current liab. $7,000 mil. Q13-39 Q13-40 Q13-41 Q13-42 Q13-43 Q13-44 P13-51A 1. 2010 trends: Net sales 298%; Net inc. 127%; Total assets 150% 2. 2010 0.047 P13-52A 1. Net inc. 4.0% Current assets 76.0% P13-53A NCF P13-54A 1. Current ratio before 1.68 2. a. Current ratio after 2.43 P13-55A 1. 2010 ratios: a. 2.00 b. 1.29 c. 5.25 d. 0.184 g. 15.0 P13-56A 1. DVR: a. 059 b. 2.16 c. 117 d. 0.69 f. 0.215 2. DVR EVA $35,000 P13-57B 1. 2010 trends: Net rev 205.3%; Net inc. 122.2%; Common stock 147.1% 2. 2010 0.054 P13-58B 1. Net inc. 2.5% Current assets 77.0% P13-59B NCF P13-60B 1. Current ratio before 1.60 2. a. Current ratio after 2.21 Appendix C PC-1 PC-2 PC-3 PC-4 PC-5 PC-6 a. 5 yrs. $153,900 b. 6% $281,850 a. $10,000,000 b. $5,640,000 1. $500,100 2. $446,820 3. $562,360 1. $379,455 2. 12/31/11 Bond carry. amt. $380,838 Renault 498,960 Peugeot 519,750 $170,960 ... View Full Document

End of Preview

Sign up now to access the rest of the document