ESSEN OF INVESTMENTS CONNECT AC
ESSEN OF INVESTMENTS CONNECT AC
11th Edition
ISBN: 9781266650314
Author: Bodie
Publisher: MCG
Question
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Chapter 11, Problem 1WM
Summary Introduction

(A)

To determine:

The company Sprint Corp's recent financial data and assessing the same.

Introduction:

Initially, we derive the financial data from the mentioned website and assess the balance sheet to find out the stand of total liabilities, assets, debts, and other financial activities including the cash flow.

Expert Solution
Check Mark

Explanation of Solution

Here is the balance sheet of Sprint Corp Company.

Balance Sheet

    Period Ending 3/31/2018 3/31/2017 3/31/2016 3/31/2015
    Current Assets
    Cash And Cash Equivalents 6,610,000 2,870,000 2,641,000 4,010,000
    Short Term Investments 2,354,000 5,444,000 - 166,000
    Net Receivables 3,711,000 4,138,000 2,254,000 3,488,000
    Inventory 1,003,000 1,064,000 1,173,000 1,359,000
    Other Current Assets 312,000 303,000 399,000 353,000
    Total Current Assets 14,253,000 14,117,000 6,833,000 9,777,000
    Long Term Investments 197,000 237,000 187,000 151,000
    Property Plant and Equipment 19,925,000 19,209,000 20,297,000 19,721,000
    Goodwill 6,586,000 6,579,000 6,575,000 6,575,000
    Intangible Assets 43,774,000 43,905,000 44,542,000 45,880,000
    Accumulated Amortization - - - -
    Other Assets 724,000 1,076,000 541,000 737,000
    Deferred Long Term Asset Charges - - - -
    Total Assets 85,459,000 85,123,000 78,975,000 82,841,000
    Current Liabilities
    Accounts Payable 3,409,000 3,281,000 2,899,000 4,347,000
    Short/Current Long Term Debt 3,429,000 5,036,000 4,690,000 1,300,000
    Other Current Liabilities 2,832,000 2,912,000 3,215,000 3,956,000
    Total Current Liabilities 10,800,000 12,458,000 11,963,000 10,940,000
    Long Term Debt 37,463,000 35,878,000 29,268,000 32,342,000
    Other Liabilities 10,777,000 17,979,000 17,961,000 17,849,000
    Deferred Long Term Liability Charges - - 116,000 -
    Minority Interest 63,000 - - -
    Negative Goodwill - - - -
    Total Liabilities 59,040,000 66,315,000 59,192,000 61,131,000
    Stockholders' Equity
    Misc. Stocks Options Warrants - - - -
    Redeemable Preferred Stock - - - -
    Preferred Stock - - - -
    Common Stock 40,000 40,000 40,000 40,000
    Retained Earnings -1,255,000 -8,584,000 -7,378,000 -5,383,000
    Treasury Stock -313,000 -404,000 -442,000 -415,000
    Capital Surplus 27,884,000 27,756,000 27,563,000 27,468,000
    Other Stockholder Equity -313,000 -404,000 -439,000 -408,000
    Total Stockholder Equity 26,356,000 18,808,000 19,783,000 21,710,000
    Net Tangible Assets -24,004,000 -31,676,000 -31,334,000 -30,745,000

The total assets are 85,459,000 while the current assets are 14,253,000, which make 16.7% of its total. As for liabilities, the total is 59,040,000 and the current liabilities are 10,800,000, which makes 18.3%.

Conclusion:

As a conclusion, the financial statistics of a company keeps changing according to the new changes made in the operations, other new financial activities, and business development and so on.

Summary Introduction

(B)

To determine:

The company Sprint Corp's recent financial data and assessing the same.

Introduction:

Initially, we derive the financial data from the mentioned website and assess the balance sheet to find out the stand of total liabilities, assets, debts, and other financial activities including the cash flow.

Expert Solution
Check Mark

Explanation of Solution

Here is the balance sheet of Sprint Corp Company.

Balance Sheet

    Period Ending 3/31/2018 3/31/2017 3/31/2016 3/31/2015
    Current Assets
    Cash And Cash Equivalents 6,610,000 2,870,000 2,641,000 4,010,000
    Short Term Investments 2,354,000 5,444,000 - 166,000
    Net Receivables 3,711,000 4,138,000 2,254,000 3,488,000
    Inventory 1,003,000 1,064,000 1,173,000 1,359,000
    Other Current Assets 312,000 303,000 399,000 353,000
    Total Current Assets 14,253,000 14,117,000 6,833,000 9,777,000
    Long Term Investments 197,000 237,000 187,000 151,000
    Property Plant and Equipment 19,925,000 19,209,000 20,297,000 19,721,000
    Goodwill 6,586,000 6,579,000 6,575,000 6,575,000
    Intangible Assets 43,774,000 43,905,000 44,542,000 45,880,000
    Accumulated Amortization - - - -
    Other Assets 724,000 1,076,000 541,000 737,000
    Deferred Long Term Asset Charges - - - -
    Total Assets 85,459,000 85,123,000 78,975,000 82,841,000
    Current Liabilities
    Accounts Payable 3,409,000 3,281,000 2,899,000 4,347,000
    Short/Current Long Term Debt 3,429,000 5,036,000 4,690,000 1,300,000
    Other Current Liabilities 2,832,000 2,912,000 3,215,000 3,956,000
    Total Current Liabilities 10,800,000 12,458,000 11,963,000 10,940,000
    Long Term Debt 37,463,000 35,878,000 29,268,000 32,342,000
    Other Liabilities 10,777,000 17,979,000 17,961,000 17,849,000
    Deferred Long Term Liability Charges - - 116,000 -
    Minority Interest 63,000 - - -
    Negative Goodwill - - - -
    Total Liabilities 59,040,000 66,315,000 59,192,000 61,131,000
    Stockholders' Equity
    Misc. Stocks Options Warrants - - - -
    Redeemable Preferred Stock - - - -
    Preferred Stock - - - -
    Common Stock 40,000 40,000 40,000 40,000
    Retained Earnings -1,255,000 -8,584,000 -7,378,000 -5,383,000
    Treasury Stock -313,000 -404,000 -442,000 -415,000
    Capital Surplus 27,884,000 27,756,000 27,563,000 27,468,000
    Other Stockholder Equity -313,000 -404,000 -439,000 -408,000
    Total Stockholder Equity 26,356,000 18,808,000 19,783,000 21,710,000
    Net Tangible Assets -24,004,000 -31,676,000 -31,334,000 -30,745,000

The company seems to have issued new debt. The total cash flow in 2018 is -210,000. Total debt includes 40.68B.

Conclusion:

As a conclusion, the financial statistics of a company keeps changing according to the new changes made in the operations, other new financial activities, and business development and so on.

Summary Introduction

(C)

To determine:

The company Sprint Corp's recent financial data and assessing the same.

Introduction:

Initially, we derive the financial data from the mentioned website and assess the balance sheet to find out the stand of total liabilities, assets, debts, and other financial activities including the cash flow.

Expert Solution
Check Mark

Explanation of Solution

Here is the balance sheet of Sprint Corp Company.

Balance Sheet

    Period Ending 3/31/2018 3/31/2017 3/31/2016 3/31/2015
    Current Assets
    Cash And Cash Equivalents 6,610,000 2,870,000 2,641,000 4,010,000
    Short Term Investments 2,354,000 5,444,000 - 166,000
    Net Receivables 3,711,000 4,138,000 2,254,000 3,488,000
    Inventory 1,003,000 1,064,000 1,173,000 1,359,000
    Other Current Assets 312,000 303,000 399,000 353,000
    Total Current Assets 14,253,000 14,117,000 6,833,000 9,777,000
    Long Term Investments 197,000 237,000 187,000 151,000
    Property Plant and Equipment 19,925,000 19,209,000 20,297,000 19,721,000
    Goodwill 6,586,000 6,579,000 6,575,000 6,575,000
    Intangible Assets 43,774,000 43,905,000 44,542,000 45,880,000
    Accumulated Amortization - - - -
    Other Assets 724,000 1,076,000 541,000 737,000
    Deferred Long Term Asset Charges - - - -
    Total Assets 85,459,000 85,123,000 78,975,000 82,841,000
    Current Liabilities
    Accounts Payable 3,409,000 3,281,000 2,899,000 4,347,000
    Short/Current Long Term Debt 3,429,000 5,036,000 4,690,000 1,300,000
    Other Current Liabilities 2,832,000 2,912,000 3,215,000 3,956,000
    Total Current Liabilities 10,800,000 12,458,000 11,963,000 10,940,000
    Long Term Debt 37,463,000 35,878,000 29,268,000 32,342,000
    Other Liabilities 10,777,000 17,979,000 17,961,000 17,849,000
    Deferred Long Term Liability Charges - - 116,000 -
    Minority Interest 63,000 - - -
    Negative Goodwill - - - -
    Total Liabilities 59,040,000 66,315,000 59,192,000 61,131,000
    Stockholders' Equity
    Misc. Stocks Options Warrants - - - -
    Redeemable Preferred Stock - - - -
    Preferred Stock - - - -
    Common Stock 40,000 40,000 40,000 40,000
    Retained Earnings -1,255,000 -8,584,000 -7,378,000 -5,383,000
    Treasury Stock -313,000 -404,000 -442,000 -415,000
    Capital Surplus 27,884,000 27,756,000 27,563,000 27,468,000
    Other Stockholder Equity -313,000 -404,000 -439,000 -408,000
    Total Stockholder Equity 26,356,000 18,808,000 19,783,000 21,710,000
    Net Tangible Assets -24,004,000 -31,676,000 -31,334,000 -30,745,000

Other companies like Square Inc., Nio Inc and Morgan Stanley have been assessed. After the assessment, it is clear that no patterns as such have been followed.

Conclusion:

As a conclusion, the financial statistics of a company keeps changing according to the new changes made in the operations, other new financial activities, and business development and so on.

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