HW_5_Questions_Chapters_3_4[1]

HW_5_Questions_Chapters_3_4[1] - HW 5 Chapters 3 and 4 Use...

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HW 5 Chapters 3 and 4 Use the information in the following tables to answer Problems 1 through 8. Income Statement 2005 2004 2003 Revenues 25,000 22,000 21,000 Cost of Sales 20,000 18,000 17,000 Gross Profit 5,000 4,000 4,000 Selling expenses 500 500 800 Operating income 4,500 3,500 3,200 Interest expense 200 250 250 EBT 4,300 3,250 2,950 Income Tax 1,410 975 885 Net Income 2,890 2,275 2,065 Balance Sheet 2005 2004 2003 Cash 200 150 100 A/R 1,800 1,350 900 Inventories 8,000 7,500 7,000 Total Current Assets 10,000 9,000 8,000 PPE 20,000 19,000 19,000 Intangible 1,000 1,000 1,000 Total Assets 31,000 29,000 28,000 A/P 500 790 615 Debt Due in 1 yr 1,000 1,000 1,000 Long-term Debt 12,000 13,000 14,000 Shareholder’s equity 17,500 14,210 12,385
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Chapter 3 1. Use vertical common-size analysis to restate the balance sheet for 2005. 2. Using vertical common-size analysis of the income statement for 2005, the cost of goods sold relative to the benchmark is? 3.
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This note was uploaded on 09/06/2011 for the course FIN 351 taught by Professor Li during the Spring '09 term at S.F. State.

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HW_5_Questions_Chapters_3_4[1] - HW 5 Chapters 3 and 4 Use...

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