BUAD 250A Sample midterm Solutions

BUAD 250A Sample midterm Solutions - 56,500 163,150(131,050...

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061 Midterm 1…this exam was the one that was interrupted by the fire alarm Version A B C D Balance Sheet Assets Cash 368,950 513,000 179,000 607,750 AR 115,000 72,000 110,000 259,000 Prepaid Eq 14,000 16,667 22,167 27,445 Supplies 300 200 800 600 Total Asse 498,250 601,867 311,967 894,795 Liabilities & OE Salary Paya 17,600 14,600 24,600 29,600 Accounts P 800 900 1,100 1,300 Contributed 63,000 72,000 99,000 112,000 Retained E 416,850 514,367 187,267 751,895 Total Liabi 498,250 601,867 311,967 894,795 Income Statement Revenue Consulting 508,000 552,000 512,000 824,000 Expenses Salary 417,050 345,800 583,800 702,800 Supplies 950 1,050 850 1,650 Equipment 8,000 10,000 14,000 17,333 Interest 900 800 1,400 2,100 Office Rent 24,600 31,200 43,000 70,000 Total Expe 451,500 388,850 643,050 793,883 Net Income 56,500
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Unformatted text preview: 56,500 163,150 (131,050) 30,117 Version A B C D Current Ra 2.38 2.38 2.38 2.38 Current Ra 1.89 1.59 1.64 1.68 Debt Ratio 0.46 0.51 0.51 0.53 Working Ca 160 130 140 150 Asset Turn 0.8 0.78 0.75 0.76 ROE Y2 0.5 0.52 0.53 0.5 EBITDA Y2 470 430 480 470 Paying off C Increase Increase Increase Increase Version A B C D Operating Section Net Income 230 220 240 220 Depreciatio 70 80 70 90 Amortizatio 30 40 50 30 Gain-80-70-90-100 Loss 40 50 30 60 A/R 30 40 50 60 Supplies In-10-20-30-40 A/P-30-10 20 30 Salaries Pa 20 10 20 10 Rent Payab 70 50 40 20 370 390 400 380 Investing Section Sell PPE 30 40 50 60 Buy PPE-250-280-290-370 Sell Copyri 120 100 100 140-100-140-140-170 Financing Section CC 10 30 50 70 N/P 20 30 50 80 Pay Dividen-250-250-290-280-220-190-190-130...
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