ACC 318 Module Six Assignment Template
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ACC 318 Module Six Assignment Template
Complete this template by replacing the bracketed text with the relevant information.
Calculations
1.
Calculate the current ratio for fiscal years 2025 and 2026.
2025: 12,500+132,000+125,500+50,000=320,000 Current Assets
91,000+61,500+6,000 =158,500 Current Liabilities
320,000/158,500=2.0189
2026: 18,200+148,000+131,800+105,000=403,000 Current Assets
79,000+76,000+9,000=164,000 Current Liabilities
403,000/164,000=2.4573
2.
Calculate the acid test (quick ratio) for fiscal years 2025 and 2026.
2025
125,500/158,500=0.79
2026
131,800/164,000=0.80
3.
Calculate the inventory turnover for the fiscal year 2026.
50,000+105,000=155,000/2=77,500 Average Inventory
1,530,000/77,500=19.74
4.
Calculate the return on assets for fiscal years 2025 and 2026. (Assume that total assets were
$1,688,500 at 3/31/24.)
2025
1,688,500+1,740,500=3,429,000/2=1,714,500 Average Total Assets
297,000/1,714,500=0.17
2026
1,740,500+1,852,000=3,592,500/2=1,796,250 Average Total Assets
366,000/1,796,250=0.20
Percentage Changes
1.
Calculate the percentage change in sales from the fiscal year 2025 to 2026.
(2026 Sales-2025 Sales)/2025 Salesx100= Percentage Change in Sales
3,000,000-2,700,000=300,000/2,700,000=0.1111x100=11.11
11% Increase
2.
Calculate the percentage change in cost of goods sold from the fiscal year 2025 to 2026.
2026 COGS-2025 COGS)/2025 COGSx100=Percentage Change in COGS
1,530,000- 1,425,000=105,000/1,425,000=0.0736x100=7.3684
7% Increase
3.
Calculate the percentage change in gross margin from the fiscal year 2025 to 2026.
(2026 Gross Margin-2025 Gross Margin)/2025 Gross Marginx100=Percentage Change in Gross
Margin
1,470,000-1,275,000=195,000/1,275,000=0.1529x100=15.2941
15% Increase
4.
Calculate the percentage change in net income after taxes from the fiscal year 2025 to 2026.
2026 Net Income-2025 Net Income)/2025 Net Incomex100=Percentage Change in Net Income
366,000- 297,000=69,000/297,000=0.2323x100=23.2323
23% Increase
Financial Decisions and Factors
1.
Describe at least one additional financial report or analysis that might be helpful to the
commercial loan officer of Topeka National Bank in evaluating Daniel Brown’s request for a time
extension on Bradburn’s notes.
Another additional financial report that might be helpful to the commercial loan officer of
Topeka National Bank in evaluating Daniel Brown 's request is the statement of cash flows for
2025 and 2026 because the statements would analyze the cash inflows and outflows for the
company as well as explain the reason of increase or decrease in cash for each year. Another
additional analysis ratio that might be helpful is the cash debt coverage for the years 2025 and
2026 because it measures the company’s ability to repay its total liabilities in the given year from
its operations.
2.
Explain whether Bradburn’s desire to finance the plant expansion from internally generated
funds is realistic. Assume that the percentage changes experienced in fiscal year 2026 as
compared with fiscal year 2025 for sales, cost of goods sold, and operating expenses will be
repeated in each of the next two years. Consider the following question to guide your response:
A.
What will the percentage changes for sales, cost of goods sold, and operating expenses
look like in each of the next two years?
B.
How does the percentage change for sales, cost of goods sold, and operating expenses
affect Bradburn’s ability to finance the plant expansion from internally generated funds?
As long as sales increase at a rate of 11 %, cost of goods sold increase at a rate of 7 %, operating
expenses increase at the same rate of 10 % , the depreciation remains constant at $ 102,500 ,
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E. Earned Net income $
(Please refer to table below and use only the info in line with your first name initial
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firstname Initial Net Income
A, P, I, E, V
C, O, R, Y
K, Q, M, F
S, W, G, Z
24
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%$4
$4
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1,450,000.00
1,500,000.00
N, B, J, X, H
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F. Declared interim dividends for preferred shareholders as well as $.80 per share to common stockholders.
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Company
DreamWorks
Pixar
Universal
Expenses
$ 30,000
79, 000
16, 00
Total Assets
$ 60,000
154, 000
76, 000
Net Income
$ 27, 000
39,000
5, 800
Total Liabilities
$ 45, 600
147, 800
21, 000
a. Compute the debt ratio for each of the three companies. (Round your answers to 2 decimal places.)
Company
Debt Ratio
DreamWorks
Pixar
Universal
b. Which company has the most financial leverage?
Largest financial leverage
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2: 1. If it does, what will its noncurrent liabilities be?
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Determine Total Current Liabilities as of December 31, 2023:
Select one:
a. $27,300
b. $39,900
c. $144,900
d. $132,300
e. $247,350
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Cash
Trading investments
Accounts receivable, net
Inventory
Prepaid expenses
Total current assets
Total current liabilities
Additional information:
(in thousands)
Allowance for doubtful accounts
Credit sales
Cost of goods sold
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Return on Total Assets
A company reports the following income statement and balance sheet information for the current year:
Net income
$224,540
Interest expense
39,620
Average total assets
Determine the return on total assets. If required, round the answer to one decimal place.
1.8
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Divide the sum of net income and interest expense by average total assets.
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Module 11 I Financial Statement Forecasting
LO2 M11-12. Forecast an Income Statement
SATE
OLOGY
STX)
SEAGATE TECHNOLOGY PLC
Consolidated Statement of Income
For Year Ended June 28, 2019, $ millions
BC
$10,390
Revenue.
7,458
Cost of revenue
991
Product development
Marketing and administrative
Amortization of intangibles.
Restructuring and other, net.
453
23
(22)
Total operating expenses.
8,903
Income from operations.
1,487
Interest income
84
Interest expense
Other, net
(224)
25
Other expense, net.
(115)
Income before incorne taxes
(Benefit) provision for income taxes
1,372
(640)
Net income..
$ 2,012
Forecast Seagate's 2020 income statement assuming the following income statement relations (ST
Revenue growth.
Cost of revenue
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Marketing and administrative
Amortization of intangibles.
Restructuring and other, net,
Interest income...
Interest expense.
Other, net
Income tax rate.
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71.8% of revenue
9.5% of revenue
4.4% of revenue
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$0
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Assuming a 360-day year, when a $15,586, 90-day, 7% interest-bearing note payable matures, total payment will be
a.$1,091
b.$16,677
c.$15,859
d.$273
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1-What will be the net income?
a.
72000
b.
56000
c.
16000
d.
338000
Clear my choice
Question 43
Not yet answered
Marked out of 1.00
Flag question
Question text
What will be the Gross Profit at the end of the year December 2019
a.
OMR 56000
b.
OMR 16000
c.
OMR 338,000
d.
OMR 336,000
2-What is the Gross Margin in terms of Percentage?
a.
16.66
b.
16.56
c.
Cannot be determined
d.
20.66
3-What will be the total operating expense?
a.
21500
b.
53200
c.
41200
d.
19700
4-What will be the total Selling and distribution expense?
a.
41200
b.
19700
c.
14800
d.
17200
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1:03 O A J •
A O N ll 8% £
REGISTRIES and entries
On what registries the following should be
recorded, show an illustration for EACH ITEMS
Department of Health receives the following
1) APPROPRIATION- 900,000,000
Breakdown as follows
PS- 400,000,000
МОЕ- 200,000,000
FE
CO- 300,000,000
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Breakdown as follows
PS- 350,000,000
МОE- 150,000,000
FE
CO- 300,000,000
3) Incurrence of Obligation
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from DBM
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Question 24 of 50
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Current Attempt in Progress
Sheridan Manufacturing Company expects the following sales in January, February, and March:
Cash
Credit
Sales
Sales
$50900
$250500
January
February
$45900
$240500
March
$85000
$325000
The controller has determined that the company collects credit sales as follows: 60% in the month of sale, 30% in the first month
after sale, 5% in the second month after sale, and 5% is expected to be uncollectible. How much cash will be collected from
customers in March?
O $352150
O $364675
O $410000
O $279675
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years 2020 & 2019.
2020
2019
General and administrative expenses
21,600
24,000
Interest expense
1,500
1,500
Net sales
$136,400
$138,000
11,660
12,720
Selling Expense
$1,023.0
5,230
Income taxes
99,000
95,000
COGS
770
450
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Problem 1
Balance Shet
Income Statement
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For the year Ended December 31
For the year Ended December 31
2019
2018
ASSET
Sales Revenue
10.000.000.000
Cash
550.000.000
700.000.000
Cost of Good Sold
6.400.000.000
Marketable Securities
500.000.000
300.000.000
Gross Profit
Account Receivable
700.000.000
550.000.000
Inventory
750.000.000
650.000.00D
3.600000.000
Total Currevt Assit
2.500.000.000
2.200.000.000
Operating Expenses
Selling Expenses
200.000.000
Gross Fixed Asset
3.000.000.000
General & Administrative Expenses
150.000.000
4.000.000.000
Less : Accumulated Depreciation
Depreciation Expenses
250.000.000
500.000.000
200.000.000
Nett Fred Assit
Total Operating Expenses
3.500.000.000
2.800.000.000
600.000.000 Operating Profit
TOTAL ASSET
6.000.000.000
5.000.000.000
3.000.000.000 Interest Expenses
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Long-Term Solvency Analysis
The following information was taken from Acme Company's balance sheet:
Fixed assets (net)
$1,092,000
Long-term liabilities
280,000
Total liabilities
196,000
Total stockholders' equity
980,000
Determine the company's (a) ratio of fixed assets to long-term liabilities and (b) ratio of liabilities to stockholders' equity. If required, round your answers
to one decimal place.
a. Ratio of fixed assets to long-term liabilities
b. Ratio of liabilities to stockholders' equity
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6.
7.
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Question # 22
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Suppose that an entity has paid one of its liabilities twice during the year, in error The effects of this
O Assets, liabilities, and equity are understated.
mistake would be
O Assets, net income, and equity are unaffected.
O Assets and liabilities are understated.
O Assets and net profit and equity are understated, and liabilities are overstated.
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Given the NYSE advancing/declining (Num) and
volume (Vol)
Day
1
2
3
4
5
Advancing
Declining
Num Vol
Num Vol
492 346 2493 3507
2244 2587
714
680
1940 1725 979
1276
2035 2169 904
1076
743 823 2143 2431
What is the Arms Index or TRIN for day 1?
O 2.0003
O 2.0691
O 2.2916
O 2.2068
O 2.1396
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19
Determine the amount of the Earned Income Credit in each of the following cases. Assume that the person or persons are eligible to
take the credit. Use Table 9-3.
Required:
Calculate the credit using the formulas.
Note: For all requirements, do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.
1
1
a. A single person with earned income of $5,180 and no qualifying children.
b. A single person with earned income of $24,200 and two qualifying children.
c. A married couple filing jointly with earned income of $36,060 and one qualifying child.
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Sales
Cost of goods sold
Accounts receivable
2021:
2020:
2019:
Numerator:
Base year cost of goods sold
2021
$ 719,206
376,387
34,953
Numerator:
Compute trend percents for the above accounts, using 2017 as the base year. For each of the three accounts, state whether the
situation as revealed by the trend percents appears to be favorable or unfavorable.
Numerator:
2018:
2017:
Is the trend percent for Net Sales favorable or unfavorable?
2020
$ 467,017
244,349
27,274
Trend Percent for Net Sales:
1
Denominator:
/Base year accounts receivable
1
1
7
/
1
1
1
1
1
Trend Percent for Cost of Goods Sold:
1
Denominator:
2021:
2020:
2019:
2018:
2017:
Is the trend percent for Cost of Goods Sold favorable or unfavorable?
2019
$ 379,689
200,588
26,085
1
1
7
1
Trend Percent for Accounts Receivable:
Denominator:
2021:
2020:
2019:
2018:
2017:
1
Is the trend percent for Accounts Receivable favorable or unfavorable?
1
2018
$ 253,126
132,876
14,808
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QUESTION THREE
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The following information was obtained from the accounting records of T Super and B Man, Trading as
Superman Traders:
Balances as at 28 February 2011:
Profit for the year (before depreciation)..
Asset replacement reserve (1 March 2010)....
Capital: T Super...
Capital: B Man
Current account: T Super (Dr - 1 March 2010)..
Current account: B Man (Cr-1 March 2010)..
Drawings: T Super.....
Drawings: B Man.......
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775 000
775 000
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4340
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Inventories.
Debtors control..
Creditors control.
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Equipment at cost...
Accumulated depreciation: Equipment (30 November 2010)
Vehicles at cost.
Accumulated depreciation: Vehicles(1 March 2010)
Bank (Cr).
Allowance for credit losses
Allowance for settlement discount
Depreciation (Equipment as at 30 November 2010)
Prepaid expenses (Insurance)
Additional information:
a. Land and buildings consists of:
Land -…
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24 Study the below and answer the questions that follow.
Table 2.4
(Millions
Company A Company B / Company C
Now- Current Assets
R136 822
& 124 948
104 516
Total Asset
R231945
8227291
256 718
Inventories
R5412
26454
Rio 343
Non-Current Liabilities
245232
R34 142
R53 434
Total Liabilities
R75231
285 010
R95 010
Calculate the quick ratio of all companies using table
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O Week 4 Horizontal and Vertical Analysis
DIRECTIONS: Using these data from Rollaird Company's comparative balance sheets, perform a vertical
analysis. Use Ch. 13, "Financial Analysis: The Big Picture," as guidance.
Dec. 31, 2022
Dec. 31, 2021
Accounts Receivable
460,000
400,000
Inventory
780,000
650,000
Total Assets
3,164,000
2,800,000
NOTE: When entering your numbers, use whole numbers in the equation, and 1 decimal point
for the answer, as seen in the example below. The text box will highlight red if incorrect after
clicking the Submit button (bottom right corner).
Example:
30000 ÷
500000
6.0
%
Inventory 2022
÷
3164000 = 24.75
%
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End
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10
D
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0 +
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F8
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780000
F10
F11
53°F Mostly cloudy
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F12
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5/2
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