Study Notes

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Student Learning Outcome (SLO) Assessment Template Course Alpha and Number: Fin 245 Course Title: Principles of Finance Name(s) of Instructor(s): Warren Imada Division: Business Technology Date: Oct. 20, 2005 What Student Learning Outcome was assessed? Utilize and perform financial analysis to manage the workplace unit. A. Describe the assessment tool (test, survey, rubric, etc.) used. Cut and paste your tool below if possible. A comprehensive test problem dealing with financial ratio analysis. | | Al Thomas has recently been approached by his brother-in-law, Robert Watson, with a proposal to buy a 20 percent interest in Watson Leisure Time Sporting Goods. The company manufactures golf clubs, baseball…show more content…
Long-term liabilities | 250,000 | 331,120 | 550,740 | | Total liabilities | $ 450,000 | $ 656,120 | $1,050,740 | | Common stock ($2 par) | 400,000 | 400,000 | 460,000 | | Capital paid in excess of par | 50,000 | 50,000 | 80,000 | | Retained earnings | 100,000 | 193,880 | 303,260 | | Total stockholders' equity | $ 550,000 | $ 643,880 | $ 843,260 | | Total liabilities and stockholders' equity | $1,000,000 | $1,300,000 | $1,894,000 | | | | | | Exhibit 3 | Selected Industry Ratios | | | 200X | 200Y | 200Z | | Growth in sales | ----- | 9.98% | 10.02% | | Profit margin | 5.75% | 5.80% | 5.81% | | Return on assets (investment) | 8.22% | 8.24% | 8.48% | | Return on equity | 3.26% | 13.62% | 14.16% | | Receivables turnover | 10x | 9.5x | 10.1x | | Average collection period | 36 days | 37.9 days | 35.6 days | | Inventory turnover | 5.71x | 5.62x | 5.84x | | Fixed asset turnover | 2.75x | 2.66x | 2.20x | | Total asset turnover | 1.43x | 1.42x | 1.46x | | Current ratio | 2.10x | 2.08x | 2.15x | | Quick ratio | 1.05x | 1.02x | 1.10x | | Debt to total assets | 38% | 39.5% | 40.1% | | Times interest earned | 5.00x | 5.20x | 5.26x | | Fixed charge

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