a What is net income for 2009 b What is the operating cash flow for 2009 c What

A what is net income for 2009 b what is the operating

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a. `What is net income for 2009? b. What is the operating cash flow for 2009? c. What is the cash flow from assets for 2009? Is this possible? Explain. d. If no new debt was issued during the year, what is the cash flow to creditors? What is the cash flow to stockholders? Explain and interpret the positive and negative signs of your answers in (a) through (d). #4: The Ashwood Company has long-term debt ratio of 0.45 and a current ratio of 1.25. Current liabilities are $875, sales are $5,780, profit margin is 9.5 percent, and ROE is 18.5 percent. What is the amount of the firm’s net fixed assets? #5: Some recent financial statements for Smolira Golf Corp. follow: SMOLIRA GOLF 2008 AND 2009 Balance Sheets Assets Liabilities and Owners’ Equity 2008 2009 2008 2009 Current assets Current liabilities Cash $21,860 $22,050 Accounts payable $19,320 $22,850 Account receivable 11,316 13,850 Notes payable 10,000 9,000 Inventory 23,084 24,650 Other 9,643 11,385 Total $56,260 $60,550 Total $38,963 $43,235
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Long-term debt $75,000 $85,000 Owner’s equity Common stock and paid-in surplus $25,000 $25,000 Fixed assets Accumulated retained earnings 151,365 167,840 Net plant and equipment $234,068 $260,525 Total $176,365 $192,840 Total assets $290,328 $321,075 Total liabilities and owner’s equity $290,328 $321,075 Find the following financial ratios for Smolira Golf Corp. (use year-end figures rather than average values where appropriate): Short-term solvency ratios: a. Current ratio b. Quick ratio c. Cash ratio Asset utilization ratios: d. Total asset turnover e. Inventory turnover f. Receivables turnover Long-term solvency ratios: g. Total debt ratio h. Debt-equity ratio i. Equity multiplier j. Times interest earned ratio
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k. Cash coverage ratio Profitability ratios: l. Profit margin m. Return on assets n. Return on equity
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  • Balance Sheet, Current Liabilities, Financial Ratio, Generally Accepted Accounting Principles, net fixed assets

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