FIN 450 EMU Executive Summary Assignment

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Question Description

Prepare an executive summary of the problem. The following format is REQUIRED:

I.Title Page

2. Recommendation - Short Version (3 sentences at most)

A solution must be recommended and supported by rational arguments. It is important to be able to articulate why a certain solution is recommended and to be able to defend it.There is usually not one correct solution to these case problems. But, there are incorrect solutions. For example, solutions that violate economic principles, or are inconsistent with financial theory, or are based on inconsistent assumptions, or violate ethical or legal standards are not acceptable solutions.Solutions not supported by data are not acceptable solutions.

3.Statement Problem – Do not repeat case – just state the problem to be solved.

This statement should briefly outline the problem presented in the case. Case details do not need to be repeated.The student should assume that the instructor has read the case. It is analogous to writing a report for a supervisor.

4. Analysis of Problem -

This statement should briefly outline the problem presented in the case. Case details do not need to be repeated.The student should assume that the instructor has read the case. It is analogous to writing a report for a supervisor. DO NOT OUTLINE PROCEDURES.

This section of the case analysis is where alternative solutions are explored. Pros and cons of different solutions should be presented. Application of theoretical models will be done in this section. Quantitative analysis should be done in exhibits and tables and referenced in this section.

5. Pros/Cons Alternative solutions.

*Exhibits/Tables/Charts – Attached. Must be labeled and organized with the paper. For example, Exhibit 1 has to be the first exhibit discussed in the paper. You would never start with Exhibit 4 for example.

---**Important**---

-NPV analysis : accept or reject

-Use Exhibit 25.1, 25.2, 25.3 : What is the historical financial analysis?

-Calculate FCF using Capital Budgeting, reference exhibit in text

-Calculate WACC for Star River using Comparable Company Exhibit 25.5

FIN 450 EMU Executive Summary Assignment
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FIN 450 EMU Executive Summary Assignment
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FIN 450 EMU Executive Summary Assignment
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FIN 450 EMU Executive Summary Assignment
fin450starriver4.jpg
FIN 450 EMU Executive Summary Assignment
fin450starriver5.jpg

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Tutor Answer

Robert__F
School: UIUC

Please let me know if there is anything needs to be changed or added. I will be also appreciated that you can let me know if there is any problem or you have not received the work. Please let me know if there is anything needs to be changed or added. I will be also appreciated that you can let me know if there is any problem or you have not received the work Good luck in your study and if you need any further help in your assignments, please let me know Can you please confirm if you have received the work? Once again, thanks for allowing me to help you R MESSAGE TO STUDYPOOL NO OUTLINE IS NEEDED
I removed it from your calculationshere it is

This spreadsheet supports STUDENT analysis of the case “Star River Electronics Ltd.” (UVA-F-1361).

This spreadsheet was prepared by Robert F. Bruner, Robert Conroy, and Kenneth M. Eades, Professors of Business Administration. Copyright © 2001 by the
University of Virginia Darden School Foundation, Charlottesville, VA. All rights reserved. For customer service inquiries, send an e-mail
to sales@dardenbusinesspublishing.com. No part of this publication may be reproduced, stored in a retrieval system, posted to the Internet, or transmitted in
any form or by any means—electronic, mechanical, photocopying, recording, or otherwise—without the permission of the Darden School Foundation.
Rev. Oct. 25, 2016

Exhibit 1
Star River Electronics Ltd.
Historical Income Statements
Fiscal Year Ended June 30
(SGD 000)

Sales
Operating expenses:
Production costs and expenses
Admin. and selling expenses
Depreciation
Total operating expenses
Operating profit
Interest expense
Earnings before taxes
Income taxes*
Net earnings
Dividends to all common shares
Retentions of earnings
*The expected corporate tax rate was 24.5%.
Data source: Author estimates.

2012
71,924

2013
80,115

2014
92,613

2015 Annual trend
106,042 11.86%

33,703
16,733
8,076
58,512

38,393
17,787
9,028
65,208

46,492
21,301
10,392
78,185

53,445
24,633
11,360
89,438

13,412
3,487
9,925
2,430
7,495

14,907
3,929
10,978
2,705
8,273

14,428
6,227
8,201
1,925
6,276

16,604 5.95%
7,614 29.59%
8,990
2,220
6,770 -2.42%

2,000
5,495

2,000
6,273

2,000
4,276

2,000
4,770

14.64%
11.80%
10.17%
13.21%

Exhibit 2
Star River Electronics Ltd.
Historical Balance Sheets
(Fiscal Year Ended June 30)
(SGD 000)
2012

2013

2014

Assets:
Cash
Accounts receivable
Inventories

4,816
22,148
23,301

5,670
25,364
27,662

5,090
28,078
53,828

5,795
35,486
63,778

Total current assets
Gross property, plant & equipment
Accumulated depreciation

50,265
64,611
(4,559)

58,696
80,153
(13,587)

86,996
97,899
(23,979)

105,059
115,153
(35,339)

60,052
110,317

66,566
125,262

73,920
160,916

79,814
184,873

Liabilities and stockholders' equity:
Short-term borrowings (bank)1
Accounts payable
Other accrued liabilities

29,002
12,315
24,608

35,462
12,806
26,330

69,005
11,890
25,081

82,275
13,370
21,318

Total current liabilities
Long-term debt2
Shareholders' equity

65,925
10,000
34,391

74,598
10,000
40,664

105,976
10,000
44,940

116,963
18,200
49,710

110,316

125,262

160,916

184,873

Net property, plant & equipment
Total assets

Total liabilities and stockholders' equity
1

2015 Annual trend

Short-term debt was borrowed from City Bank at an interest rate equal to S...

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Anonymous
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