Below are summary numbers for 2020 and 2021 for S-Mart Ltd. (in million dollars).2020-2021Operating assetsCash equivalenteOperating liabilitieseLong-term debt financinge17,000-4003,8804,37419,000-5104,0505,496eOperating income (after tax)<Net financial expense (after tax)<-2,200e690Calculate S-Mart's free cash flow in 2021 using both Method 1 and Method 2.4(Hint: Method 1 focuses on the source of free cash flow; Method 2 focuses on the dispositionof free cash flow.)-

Free cash flow- FCF (free cash flow) is a measure of how much cash a company generates after…

Below are summary numbers for 2020 and 2021 for S-Mart Ltd. (in million dollars). 2020 2021e Operating assets Cash equivalente Operating liabilitiese Long-term debt financinge Operating income (after tax) Net financial expense (after tax)<ª 17,000 400 19,000- 510 3,880 4,050 5,496e 4,374e 2,200 690

Below are summary numbers for 2020 and 2021 for S-Mart Ltd. (in million dollars). 2020 2021e Operating assets Cash equivalente Operating liabilitiese Long-term debt financinge Operating income (after tax) Net financial expense (after tax)<ª 17,000 400 19,000- 510 3,880 4,050 5,496e 4,374e 2,200 690

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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1
The 2019 financial statements for Growth Industries are presented below. INCOME STATEMENT, 2019 Sales $ 360,000 Costs 230,000 EBIT $ 130,000 Interest expense 26,000 Taxable income $ 104,000 Taxes (at 21%) 21,840 Net income $ 82,160 Dividends $ 41,080 Addition to retained earnings $ 41,080 BALANCE SHEET, YEAR-END, 2019 Assets Liabilities Current assets Current liabilities Cash $ 5,000 Accounts payable $ 12,000 Accounts receivable 10,000 Total current liabilities $ 12,000 Inventories 35,000 Long-term debt 260,000 Total current assets $ 50,000 Stockholders’ equity Net plant and equipment 300,000 Common stock plus additional paid-in capital 15,000 Retained earnings 63,000 Total assets $ 350,000 Total liabilities plus stockholders' equity $ 350,000 Sales and…
Below is the financial information for AXZ Corporation for fiscal year-ending June 30, 2020. (Amounts in millions $s) Cash flows from operations $2,908.3 Total revenues 14,892.2 Shareholders’ equity 4,482.3 Cash flows from financing (110.0) Total liabilities 7,034.4 Cash, ending year 2,575.7 Expenses 14,883.4 Noncash assets 8,941.0 Cash flows from investing (1,411.2) Net earnings 8.8 Cash, beginning year 1,188.6 Required: Using the information above, prepare the company’s: Balance sheet as of June 30, 2020. Income Statement for the fiscal year ended June 30, 2020. Cash Flow Statement for the fiscal year ending June 30, 2020.
Compute the following ratios and measurement for 2020 a. cash flow from operations to current liabilities b. inventory turnover c. rate of gross profit on sales
25. Coronado Inc., a greeting card company, had the following statements prepared as of December 31, 2020. CORONADO INC.COMPARATIVE BALANCE SHEETAS OF DECEMBER 31, 2020 AND 2019 12/31/20 12/31/19 Cash $5,900 $7,000 Accounts receivable 61,400 51,500 Short-term debt investments (available-for-sale) 35,000 18,200 Inventory 40,000 60,500 Prepaid rent 5,000 4,100 Equipment 152,900 131,100 Accumulated depreciation—equipment (35,200 ) (25,100 ) Copyrights 45,800 50,000 Total assets $310,800 $297,300 Accounts payable $46,100 $40,100 Income taxes payable 3,900 5,900 Salaries and wages payable 8,000 4,000 Short-term loans payable 8,100 10,000 Long-term loans payable 60,400 69,300 Common stock, $10 par 100,000 100,000…
What is the debt-to-asset ratio of Company B in 2022? What is the debt-to-equity ratio of Company A in 2021
For Financial year 2021: Current ratio = Current assets / Current liabilities = 43.133 / 29.613 = 1.46 (2.d.p) Debt-to-equity = Total liabilities / Total equity = (29.613 + 25.382) / 47.069 = 1.17 (2.d.p) Return on total assets = Net profit / Average total assets = (-11.195) / 101.964 = -0.11 (2.d.p) Profit margin ratio = Net profit / Net sales = (-11.195) / 81.79 = -0.14 (2.d.p) Debt-to-asset = Total liabilities / Total assets = (29.613 + 25.382) / 101.964 = 0.54 (2.d.p) Cash flow on total assets = Net cash flow from operating activities / Average total assets = 4.717 / 101.964 = 0.05 (2.d.p) For Financial year 2022: Current ratio = Current assets / Current liabilities = 49.476 / 32.754 = 1.51 (2.d.p) Debt-to-equity = Total liabilities / Total equity = (32.754 + 27.625) / 46.732 = 1.29 (2.d.p) Return on total assets = Net profit / Average total assets = (-0.336) / 107.111 = -0.003 (3.d.p) Profit margin ratio = Net profit / Net sales = (-0.336) / 115.56 = -0.003 (3.d.p) Debt-to-asset…
A). Long term debt for zooey corporation in 2020 b.) total assets for zooey corporation in 2020 c.net fixed assets for zooey corporation in 2020
Using Financial Statements for 2020, sales to working capital for the year 2020 is 2.41. True or False?
May I ask for an explanation and solution to the question for a better understanding. Thank you! 11. What is the amount of Sculler's working capital at December 31, 2021? a. P41,000 b. P45,000 c. P50,000 d. P91,000
Ramakrishnan, Incorporated, reported 2024 net income of $40 million and depreciation of $2,900,000. The top part of Ramakrishnan, Incorporated's 2024 and 2023 balance sheets is reproduced below (in millions of dollars): 2024 2023 2024 2023 Current assets: Current liabilities: Cash and marketable securities Accounts receivable $ 45 $ 16 85 Inventory 161 82 124 Accrued wages and taxes Accounts payable Notes payable $ 28 $ 25 89 85 85 80 Total $ 291 $ 222 Total $ 202 $ 190 Calculate the 2024 net cash flow from operating activities for Ramakrishnan, Incorporated. Note: Enter your answer in dollars not in millions. Net cash flow
Fig Tree Bank has provided the following financial statements for the year ended 2020. Consolidated income statement 2019 2020 Sh ‘000’ sh. ‘000’ Interest income 7,169 8,500 Interest expense 1,217 4,600 Net interest income 5,952 3,900 Fee & commission income 1,308 1,800 Net trading income…