STEM EXAM 1 File
.xlsx
keyboard_arrow_up
School
Texas Tech University *
*We aren’t endorsed by this school
Course
5320
Subject
Finance
Date
Apr 3, 2024
Type
xlsx
Pages
21
Uploaded by koolbabu007
Question 16 thru 20
Simplified Statements for MSFT
Income Statement
FY2018
Sales
110,360
COGS
38,353
SGA
36,949
Depreciation
14,410
EBIT
20648
Interest Expense
2,733
EBT
17,915
Taxes
3,583
Net Income
14,332
Dividends
5,916
OCF
38,641 =EBIT + Depr + Taxes
NCS
22,361 =endNFA - begNFA + Dep
CFA
7,696 =OCF - NCS - dNWC
Balance Sheet
FY2017
FY2018
Cash
132981
133768
Acct. Receivable
19792
26481
Inventory
2181
2662
Other Current Assets
4897
6751
Net Fixed Assets
81235
89186
Total Assets
241086
258848
7,390
8617
Long Term Debt
161302
167513
Common Stock
69315
71223
Retained Earnings
3079
11495
Total Liab. And Equity
241,086
258848
Current Assets
159851
169662
Current Liabilities
7,390
8617
NWC
152,461
161045
8,584 dNWC
Acct. Payable
Questions 21 thru 23
Cash
133,768,000,000
Sales
110,360,000,000
EBIT
20,648,000,000
Net Income
14,332,000,000
Depreciation
14,410,000,000
Interest Bearing Debt
167,513,000,000
Total Assets
258,848,000,000
Total Shareholder Equity
82,718,000,000
Price Per Share
137
Shares Outstanding
7,790,000,000
Dividends per Share
2
Market Cap
1069411200000.00
P/E
74.61702483952 =(PPS) / (NI/Shares)
Payout Ratio
0.934886966229417 =Div/NI
0.934887
Questions 24 thru 27
onstant: The tax rate & payout rati
Sales g
5%
Simplified Statements for MSFT
Income Statement
FY2018
PF2019
Sales
110,360
115,878
COGS
38,353
40,271
SGA
36,949
38,796
Depreciation
14,410
15,131
EBIT
20,648
21,680
Interest Expense
2,733
2,870
EBT
17,915
18,811
Taxes
3,583
717
Net Income
14,332
18,094
Dividends
5,916
7,469
Retained Earnings
8,416
10,625
Quick Ratio
19.3803 =(CA - Inv) / (CL)
IGR
0.0336059 =(ROA*retention) / (1
EFN
2317.20 EFN Deficit
COGS, SGA, Depreciation, Interest Expense, Cash, Account Receivable, Inventory, Other Current Assets, and Balance Sheet
FY2018
PF2019
Cash
133768
140,456
Acct. Receivable
26481
27,805
Tax Rate
0.20000
Inventory
2662
2,795
Payout Rat
0.412783
Other Current Assets
6751
7,089
Retention R0.587217
Net Fixed Assets
89186
93,645
ROA
0.055368
Total Assets
258848
271790.40
8617
8617
Long Term Debt
167513
167513
Common Stock
71223
71223
Retained Earnings
11495
22,120
Total Liab. And Equity
258848
269473.2
Current Assets
169662
Current Liabilities
8617
Acct. Payable
Net Fixed Asset increase spontaneously with sales
0.587217
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
- Access to all documents
- Unlimited textbook solutions
- 24/7 expert homework help
Related Questions
Partial Income Statement
Excel Exercise
Compute the Following
ՀԱՐ
Sales
COGS
SG&A
Depreciation
Debt Int. Rate
Tax Rate*
2019
100
40
EBITDA
EBIT
25
Interest
10
EBT
0.08
Tax
0.25
Net Income
?
?
?
?
?
?
Partial Balance Sheet
Debt and Loans
150
Total Equity
150
Total Assets
300
Inv. Change
10
A/R Change
A/P Change
35
20
Net Profit Margin
Equity Multiplier
Verify Dupont ROE
?
סיי
?
?
?
?
?
* Assume all taxes paid in current period (no accrued taxes) for rest of course
CF from Operations
ROE
Asset Turnover
CED
Tt O
24
arrow_forward
A28
arrow_forward
Compute NET Profit margin ratio
arrow_forward
Exercise C-19 (Algo) Return on total assets LO A1
Following are financial data for Syke and Under Shield.
Syke
Under Shield
$ millions
Net income
Current
Year
Net sales
$ 3,258
28,162
Total assets
18,721
1 Year
prior
$ 2,929
27,454
19,460
Current
Year
1 Year
prior
$ 326
$ 394
6,224
6,822
4,851
5,044
1. Compute return on total assets for the current year for (a) Syke and (b) Under Shield.
2. Compute both profit margin and total asset turnover for the current year for (a) Syke and (b) Under Sh
3. Which company more efficiently used its assets in the current year?
Complete this question by entering your answers in the tabs below.
Required 1 Required 2
Required 3
Required 2
Compute return on total assets for the current year for (a) Syke and (b) Under Shield. (Do not round interme
calculations. Round your final answers to 1 decimal place.)
Return on Total Assets (ROA)
(a) Syke
(b) Under Shield
%
%
Required 1
Required 2 >
arrow_forward
ACC610
arrow_forward
Mn50.
arrow_forward
O Cambridge Busines P
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
Product development
Marketing and administrative
Amortization of intangibles.
Restructuring and other, net,
Interest income...
Interest expense.
Other, net
Income tax rate.
5%
71.8% of revenue
9.5% of revenue
4.4% of revenue
No change
$0
No…
arrow_forward
Correct answer please Q11
arrow_forward
h13
arrow_forward
Question No: 03
This is a subjective question, hence you have to write your answer in the Text-Field given below.
1-2023/0
679
Statement of Income and Expenditure for the year ended March 31, 2022
6952 2023
The Statement of Income and Expenditure of Tribhuvan Spintex Ltd. For the year ended March 31, 2022, is as follows
23/
9116-82521-202
Sales
Dividend Income
Interest Income.
Gain on disposal of plant
Total Income
Cost of goods sold
Depreciation expense
Finance Cost
Selling and administration expense
Loss on sale of investment
Total expense
Denfit hafa my
Options
Calculator
193400
1200
1000
3200
198800
116600
23000
3600
5400
1200
149800
Ann
View Instructor
[Ma
79116-82521-2023/
023/05/21-202-679
579116-82521-202
2521-20
arrow_forward
Required Information
Problem 12-6B Use ratios to analyze risk and profitablity (LO12-3, 12-4)
(The following information applies to the questions displayed below.]
Income statement and balance sheet data for The Athletic Attic are provided below.
THE ATHLETIC ATTIC
Incore Statements
For the years ended December 31
2022
$12,500,800
8,150,eee
4,350,000
2021
Not sales
Cost of goods sold
Gross profit
Expenses:
Operating cxpenses
Depreciation expense
Interest expense
Income tax expense
Total expenses
$11,e5e,000
6,900,000
4,150,000
1,750,000
200,e00
55,000
588, 000
2,585,000
1,700,000
200,800
55,000
500,000
2,455,000
$ 1,695,00e
Net income
$ 1,765,000
THE ATHLETIC ATTIC
Balance Sheets
December 31
2022
2021
20z0
Assets
Current assets:
0
Cash
Accounts receivable
Inventory
Supplics
Long term assets:
Equipment
Less: Accumulated depreciation
178,000
755,000
1,370,00e
115,000
234,000
775,000
1,040,eee
90,000
240,000
1,005,eee
1,740,000
145,000
1,700,000
(750,000)
$4,080,000
1,700,e00
(550,000)…
arrow_forward
Question 95
Using Financial Statements for 2020, debt equity ratio for the year 2020 is 2.30.
arrow_forward
QS 13-4 (Algo) Horizontal analysis LO P1
Compute the annual dollar changes and percent changes for each of the following accounts.
Note: Decreases should be indicated with a minus sign. Round percent change to one decimal place.
Short-term investments
Accounts receivable
Notes payable
Percent Change =
Short-term investments
Accounts receivable
Notes payable
S
Current Year
$ 378,398
100,704
0
Prior Year
$ 237,313
104,650
91,913
Horizontal Analysis - Calculation of Percent Change
Numerator:
Current Year
378,398 $
100,704
0
Prior Year
237,313
104,650
91,913
Denominator:
Dollar Change
Percent Change
%6
%6
%
arrow_forward
Question 94
Using Financial Statements for 2020, debt ratio for the year 2020 is 0.33.
arrow_forward
Question 5
-/1
View Policies
Current Attempt in Progress
Marigold Corp.reported the following items for 2019:
$50000
Income tax expense
Contribution margin
120000
Controllable fixed costs 80000
Interest expense
62000
Total operating assets
28000
How much is controllable margin?
O $50000
O $30000
O $40000
O $120000
arrow_forward
Question 31
Decker Enterprises
Below are the simplified current and projected financial statements for Decker Enterprises. All of Decker's assets are operating assets. All of Decker's current liabilities are operating liabilities.
Income statement
Current
Projected
Sales
na
1,500
Costs
na
1,080
Profit before tax
na
420
Taxes (25%)
na
105
Net income
na
315
Dividends
na
95
Balance sheets
Current
Projected
Current
Projected
Current assets
100
115
Current liabilities
70
81
Net fixed assets
1,200
1,440
Long-term debt
300
360
Common stock
500
500
Retained earnings
430
650
If Decker had a financing deficit, it could…
arrow_forward
Please Make sone Interpretetion
arrow_forward
Calculate gross profit ratio for the year 2018 and 2019
arrow_forward
wbwne not use ai
arrow_forward
Assume the following sales data for a company:
2023
$966000
2022
871000
2021
696800
If 2021 is the base year, what is the percentage increase in sales from 2021 to 2022?
А. 25%
В. 139%
С. 125%
D. 39%
arrow_forward
Provide Statement of Comprehensive Income
arrow_forward
Problem 12-197 (LO 12-2]
Selected balance sheet Informatlon and the Income statement for Ploneer Industries for the current year are presented
below.
Selected Balance Sheet Accounts
Prior Year
Current Year
Accounts Receivable
$26, 200
36, e0e
2,600
20,600
5,200
$18,000
39,600
Inventories
Prepaid Rent
Accounts Payable
Salaries and Wages Payable
26, 8ee
7,800
Income Statement
Sales Revenue
$540,000
Expenses:
Cost of Goods Sold
308, 000
Depreciation Expense
Salaries Expense
36, 000
54, 000
21,600
21,600
19,800
Rent Expense
Insurance Expense
Interest Expense
Utilities Expense
18,e00
Net Income
$ 61, 000
Required:
Prepare the cash flows from operating activities section of the statement of cash flows using the Indirect method. (Enter
any deductions and cash outflows as a negative value.)
Pioneer Industries
Cash Flows from Operating Activities
Adjustments to reconcile net income to net cash provided by operating activities:
Changes in current assets and current liabilities:
arrow_forward
Question 96
Using Financial Statements for 2020, long-term debt to total assets for the year 2020 is 0.23.
TRUE OR FALSE?
arrow_forward
use excel and compute ebitda x
arrow_forward
Problem 17-6 (AICPA Adapted)
statement of financial position:
2017
2016
Cash and cash equivalents
Accounts receivable, net of allowance
Inventory
Investment in Hall Company at equity
Land
2,350,000
600,000
1,000,000
2,200,000
2,000,000
5,000,000
( 1,050,000) ( 800,000)
400,000
350,000
700,000
850,000
2,000,000
1,500,000
4,000,000
Property, plant and equipment
Accumulated depreciation
Goodwill
400,000
12,500,000
9,000,000
550,000
Accounts payable
Note payable - long term
Bonds payable
Share capital, P100 par
Share premium
Retained earnings
Treasury shares, at cost
600,000
500,000
1,600,000
5,250,000
2,700,000
1,850,000 1,300,000
2,100,000
4,000,000
1,750,000
( 700,000)
12,500,000
9,000,000
Additional information
1. The net income for the current year was P3,050,000.
2. Cash dividend paid amounted to P2,500,000.
3. The entity sold equipment costing P200,000, with carrying
amount of P50,000, for P70,000 cash.
4. The entity issued 10,000 shares of capital for P150 per share
cash.
5. The…
arrow_forward
Question 3
Previous
Nex
5 points
You are a financial Manage of Chevron Corp. You need to assess the effectiveness of
Working capital management of the company for 2018 using the following data What is the
2018 inventory tunover?
2017 AccountReceivable=NE353 000
2018 AccounReceivable=15050 000
5.585 000
2018 OventoME6704000
20NT ACCOunNSPayable
4194674
201
arrow_forward
NNita Corporation
Comparative Statements of Financial Position
December 31, 2021 to 2025
2021
2022
2023
2024
2025
Assets
Current Assets
Cash & Cash Equivalent
57
119
120
150
168
Trade & Other Receivables
208
75
77
77
91
Inventory
530
403
462
535
585
Prepaid Expenses
390
441
485
542
509
Total Current Assets
397
459
479
520
512
Noncurrent Assets
1,582
1,497
1,623
1,824
1,865
Property, Plant & Equipment
Intangible
Total Noncurrent Assets
860
1,310
1,410
1,450
1,456
TOTAL ASSETS
860
1,410
1,450
1,456
1,310
2,807
2,442
3,033
3,274
3,321
Liabilities and Shareholders' Equity
Current Liabilities
Trade & Other Payables
Unearned Revenues
380
358
342
299
319
Notes Payable - current
114
211
175
126
84
Total Current Liabilities
140
37
49
70
59
NonCurrent Liabilities
Notes Payable - noncurrent
634
606
566
495
462
Total Liabilities
326
531
478
454
399
Shareholder's Equity
960
1,137
1,044
949
861
Preference Shares P100 par
Ordinary Share, P1par
Premium on Ordinary Shares
Total Paid-in-Capital
848…
arrow_forward
SEE MORE QUESTIONS
Recommended textbooks for you
Financial & Managerial Accounting
Accounting
ISBN:9781285866307
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Cengage Learning
Accounting (Text Only)
Accounting
ISBN:9781285743615
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Cengage Learning
Related Questions
- Partial Income Statement Excel Exercise Compute the Following ՀԱՐ Sales COGS SG&A Depreciation Debt Int. Rate Tax Rate* 2019 100 40 EBITDA EBIT 25 Interest 10 EBT 0.08 Tax 0.25 Net Income ? ? ? ? ? ? Partial Balance Sheet Debt and Loans 150 Total Equity 150 Total Assets 300 Inv. Change 10 A/R Change A/P Change 35 20 Net Profit Margin Equity Multiplier Verify Dupont ROE ? סיי ? ? ? ? ? * Assume all taxes paid in current period (no accrued taxes) for rest of course CF from Operations ROE Asset Turnover CED Tt O 24arrow_forwardA28arrow_forwardCompute NET Profit margin ratioarrow_forward
- Exercise C-19 (Algo) Return on total assets LO A1 Following are financial data for Syke and Under Shield. Syke Under Shield $ millions Net income Current Year Net sales $ 3,258 28,162 Total assets 18,721 1 Year prior $ 2,929 27,454 19,460 Current Year 1 Year prior $ 326 $ 394 6,224 6,822 4,851 5,044 1. Compute return on total assets for the current year for (a) Syke and (b) Under Shield. 2. Compute both profit margin and total asset turnover for the current year for (a) Syke and (b) Under Sh 3. Which company more efficiently used its assets in the current year? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 2 Compute return on total assets for the current year for (a) Syke and (b) Under Shield. (Do not round interme calculations. Round your final answers to 1 decimal place.) Return on Total Assets (ROA) (a) Syke (b) Under Shield % % Required 1 Required 2 >arrow_forwardACC610arrow_forwardMn50.arrow_forward
- O Cambridge Busines P 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 Product development Marketing and administrative Amortization of intangibles. Restructuring and other, net, Interest income... Interest expense. Other, net Income tax rate. 5% 71.8% of revenue 9.5% of revenue 4.4% of revenue No change $0 No…arrow_forwardCorrect answer please Q11arrow_forwardh13arrow_forward
- Question No: 03 This is a subjective question, hence you have to write your answer in the Text-Field given below. 1-2023/0 679 Statement of Income and Expenditure for the year ended March 31, 2022 6952 2023 The Statement of Income and Expenditure of Tribhuvan Spintex Ltd. For the year ended March 31, 2022, is as follows 23/ 9116-82521-202 Sales Dividend Income Interest Income. Gain on disposal of plant Total Income Cost of goods sold Depreciation expense Finance Cost Selling and administration expense Loss on sale of investment Total expense Denfit hafa my Options Calculator 193400 1200 1000 3200 198800 116600 23000 3600 5400 1200 149800 Ann View Instructor [Ma 79116-82521-2023/ 023/05/21-202-679 579116-82521-202 2521-20arrow_forwardRequired Information Problem 12-6B Use ratios to analyze risk and profitablity (LO12-3, 12-4) (The following information applies to the questions displayed below.] Income statement and balance sheet data for The Athletic Attic are provided below. THE ATHLETIC ATTIC Incore Statements For the years ended December 31 2022 $12,500,800 8,150,eee 4,350,000 2021 Not sales Cost of goods sold Gross profit Expenses: Operating cxpenses Depreciation expense Interest expense Income tax expense Total expenses $11,e5e,000 6,900,000 4,150,000 1,750,000 200,e00 55,000 588, 000 2,585,000 1,700,000 200,800 55,000 500,000 2,455,000 $ 1,695,00e Net income $ 1,765,000 THE ATHLETIC ATTIC Balance Sheets December 31 2022 2021 20z0 Assets Current assets: 0 Cash Accounts receivable Inventory Supplics Long term assets: Equipment Less: Accumulated depreciation 178,000 755,000 1,370,00e 115,000 234,000 775,000 1,040,eee 90,000 240,000 1,005,eee 1,740,000 145,000 1,700,000 (750,000) $4,080,000 1,700,e00 (550,000)…arrow_forwardQuestion 95 Using Financial Statements for 2020, debt equity ratio for the year 2020 is 2.30.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Financial & Managerial AccountingAccountingISBN:9781285866307Author:Carl Warren, James M. Reeve, Jonathan DuchacPublisher:Cengage LearningAccounting (Text Only)AccountingISBN:9781285743615Author:Carl Warren, James M. Reeve, Jonathan DuchacPublisher:Cengage Learning
Financial & Managerial Accounting
Accounting
ISBN:9781285866307
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Cengage Learning
Accounting (Text Only)
Accounting
ISBN:9781285743615
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Cengage Learning