Fin%204260%20Chapter%202%20HW%20Sp%2012

Fin%204260%20Chapter%202%20HW%20Sp%2012 - FIN 4260...

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Unformatted text preview: FIN 4260 - Short-Term Financial Management Chapter 2 – Homework – Spring 2012 1) U SE THE FOLLOWING DATA FOR A FIRM TO ASSESS SOLVENCY : BALANCE SHEETS 2011 2010 2009 2008 2007 Cash & Equivalents 100 $ 100 $ 90 $ 75 $ 75 $ Accounts Receivable 500 $ 550 $ 600 $ 400 $ 300 $ Inventory 250 $ 250 $ 350 $ 250 $ 150 $ Gross Fixed Assets 900 $ 900 $ 900 $ 800 $ 700 $ Accumulated Depreciation (335) $ (260) $ (190) $ (125) $ (75) $ Total Assets 1,415 $ 1,540 $ 1,750 $ 1,400 $ 1,150 $ Accounts Payable 200 $ 224 $ 250 $ 175 $ 125 $ Notes Payable 99 $ 136 $ 178 $ 162 $ 165 $ Accruals 36 $ 49 $ 65 $ 63 $ 10 $ CMLTD 40 $ 40 $ 100 $ 98 $ 50 $ LTD 150 $ 200 $ 400 $ 500 $ 600 $ Net Worth 890 $ 891 $ 757 $ 402 $ 200 $ Total Liab. & Net Worth 1,415 $ 1,540 $ 1,750 $ 1,400 $ 1,150 $ INCOME STATEMENTS 2011 2010 2009 2008 2007 Sales 1,500 $ 2,000 $ 3,000 $ 2,250 $ 1,500 $ CGS 600 $ 800 $ 1,200 $ 900 $ 600 $ Operating Expenses 725 $ 750 $ 895 $ 797 $ 600 $ Depreciation 75 $ 70 $ 65 $ 50 $ 35 $ Interest 10 $ 25 $ 28 $ 33 $ 30 $ Taxes 36 $ 142 $ 325 $ 188 $ 94 $ Net Profit 54 $...
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This note was uploaded on 01/24/2012 for the course FIN 4260 taught by Professor Victorwakeling during the Spring '12 term at Kennesaw.

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Fin%204260%20Chapter%202%20HW%20Sp%2012 - FIN 4260...

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