Financial Management Graded Project

Anonymous
timer Asked: Dec 28th, 2018
account_balance_wallet $35

Question description

This is a graded project in Financial Management. It is fairly elementary, and it has 11 questions with several parts. This is standard material for accounting majors.

Tutor Answer

FrankRose23
School: University of Maryland

Here is the solution

Question 1A
Answer a.
Total Current Assets = Cash and Marketable Securities + Accounts Receivable + Inventory
1,542 = 427 + Accounts Receivable + 815
Accounts Receivable = $300
Accounts receivable for 2015 = $300
Answer b.
Total Current Liabilities = Accrued Wages and taxes + Accounts Payable + Notes Payable
997 = 257 + Accounts Payable + 421
Accounts Payable = $319
Accounts payable for 2014 = $319
Answer c
Total Debt = Long-term Debt + Current Liabilities
1,129 = Long-term Debt + 997
Long-term Debt = $132
Long-term debt for 2014 = $132
Answer d
Net Plant and Equipment = Gross Plant and Equipment – Depreciation
2,872 = Gross Plant and Equipment – 287
Gross Plant and Equipment = $3,159
Gross plant and equipment for 2015 = $3,159
Answer e.
Total Equity = Preferred Stock + Common Stock and paid surplus + Retained Earnings
1,472 = 30 + Common Stock and paid surplus + 1,142
Common Stock and paid surplus = $300
Common stock and paid-in surplus (250 million shares) for 2014 = $300

Answer f.
Total FA = Net Plant and Equipment + Other long-term assets
Total FA = $2,872 + 521
Total FA = $3,393
Total FA for 2015 = $3,393
Answer g.
Net Sales – Cost of Goods Sold = Gross Profit
Net Sales – 987 = 1,396
Net Sales = $2,383
Net sales for 2015 = $2,383
Answer h.
Net Sales – Cost of Goods Sold = Gross Profit
2,018 - Cost of Goods Sold = 1,189
Cost of Goods Sold = $829
Cost of goods sold for 2014 = $829
Answer i.
EBIT- Interest = EBT
1,086 – Interest = 949
Interest = $137
Interest for 2015 = $137
Answer j.
Net Income = EBT – Taxes
644 = 949 – Taxes
Taxes = $305
Taxes for 2015 = $305

Answer k.
Earnings per share = Net Income available to Common Stockholders / No of Common Stocks
Earnings per share =566 / 250
Earnings per share = $2.27 per share
Earnings per share (EPS) for 2015 = $2.27
Answer l
Dividend per share = Common stock Dividend/ No of Common Stocks
Dividend per ...

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Anonymous
Only issue was the guy's response time which was a bit long, which made me a bit anxious. Reached out to the help desk and they helped me out, turns out the tutors aren't all from US which meant there was a time difference. No issues on the quality.

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