exo1f - Econ 333 Financial Economics SPRING 08 Lecturer...

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Econ 333 – Financial Economics SPRING 08 Lecturer: Flaubert Mbiekop PROBLEM SET #1: Financial Statement Analysis - long term planning - Valuation Question 1 : Do exercise 13 on page 82. Question 2 : Do exercise 16 and 17 on page 83. Question 3 : Do exercise 33, 36 and 37 on page122. Question 4 : Consider the following data from W.K. Corporation: Balance Sheets as of December 199x and 199x+1 199x 199x+1 Assets Currents assets Cash $120 $ 88 Accounts receivable 224 192 Inventory 424 368 Total: $ 768 $ 648 Fixed Assets Net plant and equipment $ 5,228 $ 5,354 Total Assets $ 5,996 $ 6,002
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Liabilities and Owners’ Equity Current liabilities Accounts payable $ 124 $ 144 Notes payable 1,412 1,039 Total $ 1,538 $ 1,183 Long-term debt $ 1,804 $ 2,077 Owners’ equity Common stock and paid-in surplus 300 300 Retained earnings 2,356 2,442 Total 2,656 2,742 Total liabilities and owners’ equity $ 5,996 $ 6,002 Income statement as of December 199x+1 Sales $3,756 Cost of goods sold 2,453
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This note was uploaded on 04/01/2008 for the course ECON 3330 taught by Professor Mbiekop during the Spring '08 term at Cornell.

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exo1f - Econ 333 Financial Economics SPRING 08 Lecturer...

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