FIN. ACCT.-TOOLS FOR BUS.DEC.MAKING-CODE
9th Edition
ISBN: 9781119595724
Author: Kimmel
Publisher: WILEY C
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What is the year-over-year revenue change percent? Use the attached financial data to
calculate the ratios for 2022. Round to the nearest decimal.
Abercrombie & Fitch Co (ANF)
Financial Data
Revenues
Cost of Sales
Total Operating Expenses
Interest Expense
Income Tax Expense
Diluted Weighted Shares
Outstanding
Cash + Equivalents
Accounts Receivable
Inventories
Total Current Assets
Total Assets
Accounts Payable
Total Current Liabilities
Total Stockholders' Equity
ANF Stock Price = $10.30
Select one
O A. 5.3%
B. 14.4%
C. -1.4%
O D. -3.5%
2022
$3,659.3
$1,545.9
$2,026.9
$28.5
$37.8
52.8
$257.3
$108.5
$742.0
$1,220.4
$2,694.0
$322.1
$935.5
$656.1
2021
$3,712.8
$1,400.8
$1,968.9
$34.1
$38.9
62.6
$823.1
$69.1
$525.9
$1,507.8
$2,939.5
$374.8
$1,015.2
$826.1
Show all of your work for numerical problems.
1. Based on the following information for ABC Corporation, answer each question (calculate for year
2023). Assume that price per share is $13.33 and number of shares is 175.
Sales
Cost of goods sold/Expenses
Depreciation
b.
EBIT
Interest
Taxable Income
Taxes
Net Income
Dividends
Cash
Inventory
Account Receivable
Current assets
Net fixed assets
Current liabilities
Long-term debt
Common stock
Retained Earning
2022
1,000
1,400
1,600
4,000
9,000
3,500
4,000
3,000
2,500
2023
8,000
4,900
600
?
450
?
?
?
1,370
1,200
1,600
1,800
4,600
9,200
3,700
4,300
3,050
2,750
a. What are the ABC's tax liabilities (tax payments)? Use a 21 percent (flat) tax rate.
Calculate cash flow from assets (CF Generating), cash flow to creditors, and cash flow to
stockholders. Check CF identity
The following income statement and balance sheets for Virtual Gaming Systems are provided.
VIRTUAL GAMING SYSTEMS
Income Statement
For the year ended December 31, 2021
Net sales
Cost of goods sold
Gross profit
Expenses:
Operating expenses.
Depreciation expense
Loss on sale of land
Interest expense
Income tax expense
Total expenses
Net income
Assets
Current assets:
Cash
Accounts receivable
Inventory
Prepaid rent
Long-term assets:
Investment in bonds
$852,000
27,000
7,400
12,000
42,000
$3,006,000
1,944,000
1,062,000
940, 400
$ 121,600
VIRTUAL GAMING SYSTEMS
Land
Equipment
Less: Accumulated depreciation
Total assets
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable
Interest payable
Income tax payable.
Long-term liabilities:
Notes payable
Stockholders' equity:
Common stock
Retained earnings
Balance Sheets
December 31
2021
$180,000
75,000
99,000
11,400
99,000
204,000
264,000
(63,000)
$869,400
$ 60,000
4,800
12,000
279,000
294,000
219,600
2020
$138,000
54,000
129,000…
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