Problem Set 4

Problem Set 4 - BusM 401 Problem Set #4 Financial...

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BusM 401 Problem Set #4 Financial Instruments Instructions: Complete all questions. This problem set is worth 10 points. Problems sets are graded on effort and completeness; you must show your work in order to get full credit. Short answers (“checkpoints”) are available for some questions on Blackboard so that you can check your answers. Full solutions are available on Blackboard after the problem set is due. (Some full answers are found in the back of Higgins; it’s best not to look at these until you have tried your best to answer the question.) Enjoy. Use the following financial statements from Roxbury Corporation to answer questions 1 and 2. Financial Statements for Roxbury Corporation 2008 and 2009, in $millions INCOME STATEMENT BALANCE SHEET 2008 2009 2008 2009 Net sales $ 47,616 52,378 $ 951 1,046 Cost of goods sold 40,718 44,790 Accounts receivable 6,666 7,333 6,171 6,788 Inventories 5,236 5,760 EBIT 727 800 Net fixed assets 2,048 2,253 Interest expense 215 255 Total assets $ 14,901 16,392 Earnings before tax 512 545 Tax 154 163 Bank loan $ 392 547 Net income $ 359 382 Accounts payable 7,419 8,161 Long-term debt
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Problem Set 4 - BusM 401 Problem Set #4 Financial...

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