You are working as a finance manager for BCF Ltd. The following data is available for the company as of 31 June 2020: Sales:                        1,986,500 Cost of goods sold:     $752,000 Other operating expenses:  $125,000 Interest payment:       $48,000 Corporate Tax:            35%   Required: The company’s Management Board required you to prepare a report about working capital management of the company. What are the balance sheet items will you need to discuss in the report? Calculate operating profit, tax payment and build an income statement for the company? Calculate the operating profit margin (OPM) and total assets of the company given total assets turnover is 1.5 What is inventory turnover of the company, given average inventory is $77,000?

Financial Management: Theory & Practice
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ISBN:9781337909730
Author:Brigham
Publisher:Brigham
Chapter2: Financial Statements, Cash Flow,and Taxes
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Problem 17P: Athenian Venues Inc. just reported the following selected portion of its financial statements for...
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You are working as a finance manager for BCF Ltd. The following data is available for the company as of 31 June 2020:

Sales:                        1,986,500

Cost of goods sold:     $752,000

Other operating expenses:  $125,000

Interest payment:       $48,000

Corporate Tax:            35%

 

Required:

The company’s Management Board required you to prepare a report about working capital management of the company. What are the balance sheet items will you need to discuss in the report?

Calculate operating profit, tax payment and build an income statement for the company?

Calculate the operating profit margin (OPM) and total assets of the company given total assets turnover is 1.5

What is inventory turnover of the company, given average inventory is $77,000? 

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