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BUSN 5200 Homework Assignment for Week 3:

Complete the attached Finance Assignment (See attached file)
BUSN 5200 Homework Assignment for Week 3: For Week 3, please complete the following for Joe’s Fly-By-Night Oil Company, whose latest income statement and balance sheet are shown below: Prepare a graph of sales and net income for the years 2008 – 2011. For the purposes of this exercise, assume the following historical sales and net income figures for Joe’s Fly-By- Night Oil: Year Sales Net Income 2008 $8,200 $1,500 2009 $8,000 $1,400 2010 $9,000 $1,600 2011 $10,000 $1,800 Comment on the results displayed on the graph. Prepare a pie chart of Joe’s Fly-By-Night Oil’s expense distribution for 2011 and comment on the results displayed. Prepare a pie chart of Joe’s Fly-By-Night Oil’s asset distribution for Aug 31, 2011 and comment on the results displayed. Income Statement, 2011 Balance Sheet, as of Dec 31, 2011 Sales $10,000 ASSETS Cost of goods sold 4,000 Cash $5,000 Gross profit $6,000 Accounts receivable 3,000 S, G & A expenses 3,000 Inventory 17,000 EBIT $3,000 Current assets $25,000 Interest $200 Equipment (gross) 27,000 Before-tax earnings $2,800 Less Accum Depreciation (12,000) Taxes 1,000 Equipment (net) $15,000 Net income $1,800 Total assets $40,000 LIABILITIES AND EQUITY EPS $1.80 Accounts payable $17,000 Current liabilities $17,000 Dividends $600 Long-term debt $3,000 Addition to Total liabilities $20,000 retained earnings $1,200 Common stock (1,000 shares) $7,000 Retained earnings $13,000 Total equity $20,000 Total liabilities & Equity $40,000 JOE'S FLY-BY-NIGHT OIL COMPANY
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Prepare a pie chart of Joe’s Fly-By-Night Oil’s capital structure for Aug 31, 2011 and comment on the results displayed. Note: Be sure to comment on each of the four graphs. The numbers mean little without your explanatory comments.
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Finance_7598473.xls

For Week 3, please complete the following for Joe’s Fly-By-Night Oil Company, whose latest income statement and balance sheet are shown below: JOE'S FLY-BY-NIGHT OIL COMPANY
Income Statement,...

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