 # 3 Questions Accounting (will tip) Anonymous
timer Asked: Mar 31st, 2016
account_balance_wallet \$5

### Question Description

\$2 per question. The first attached file is the questions and instructions, the second attached file is the sheet your work needs to be put in, and the third attached file is a supplemental document for a requirement in one of the questions where you summarize the main points.

Use the provided Excel template to submit your responses to each of the study problems from the textbook below:
 3-13, p. 72. Review of financial statements
 3-15, p. 73. Analyzing the cash flow statement
 4-25, p. 116. Calculating financial ratios
Each question has a corresponding worksheet (look for the tab along the bottom of the workbook). The cells can be adjusted, added, or removed as necessary.

I will give a tip of \$4 completed in the next 2-3 hours.

Problem 3-13 Warner Company Balance Sheet Current Assets Warner Company Income Statement Recall from reading checkpoint 3.1 to construct an income statement in this space, adjusting as needed. (You may delete these instructions.) Long Term (fixed) assets Current Liabilities Long-term Liabilities Owners Equity Total liabilities and equity Q. What can you say about the firm’s financial condition based on these financial statements? Q. Using the CSU Online Library find one article that discuses financial statements, cash flow, or ratio analysis. Briefly summarize the key points of the article as it relates to this unit. You may use any of the databases, but Business Source Complete is a good starting place. ome Statement cial ratio analysis. Briefly es, but Business Source Problem 3-15 Answer the following four questions using the information found in the statements. a. Does BigBox generate positive cash flow from its operations? b. How much did BigBox invest in new capital expenditures over the last four years? c. Describe BigBox’s sources of financing in the financial markets over the last four years. d. Based solely on the cash flow statement for 2010 through 2013, write a brief narrative that describes the major activities of BigBox’s management team over the last four years. Problem 4-25 Step 1 Step 2 Step 3 Step 4 Step 5 Step 6 Step 7 Step 8 Step 9 Step 10 Step 11 Instructions to use the Solution Template Enter the given values from the textbook on page 116 in the yellow colored cells below. In Cell E52, Calculate Current ratio using formula "Current Assets / Current Liabilities" In Cell E53, Calculate Times interest earned using formula "Net Operating Income/ Interest In Cell E54, Calculate Inventory Turnover using formula "Cost of goods sold/ Inventory" In Cell E55, Calculate Total Asset turn Over using formula "Net Sales / Total Assets" In Cell E56, Calculate Operating Profit Margin using formula "Net Operating Income / Net S In Cell E57, Calculate Operating Return on Assets using formula "Net Operating Income / To In Cell E58, Calculate Debt Ratio using formula "( Current Liabilities + Long-term debt) / Tot In Cell E59, Calculate Average Collection Period using formula "( Accounts Receivable * 365 In Cell E60, Calculate Fixed Asset Turnover using formula "Net Sales / Net Fixed Assets " In Cell E61, Calculate Return on Equity using formula "Net Income / Owner's Equity" Given J. P. Robard Mfg., Inc. Balance Sheet (\$000) Cash Accounts receivable Inventories Current assets Net fixed assets Total assets Accounts payable Accrued expenses Short-term notes payable Current liabilities Long-term debt Owners’ equity Total liabilities and owners’ equity J. P. Robard Mfg., Inc. Income Statement (\$000) Net sales (all credit) Cost of goods sold Gross profit Operating expenses (includes \$500 depreciation) Net operating income Interest expense Earnings before taxes Income taxes (40%) Net income Solution Current ratio Times interest earned Inventory turnover Total asset turnover Operating profit margin Operating return on assets Debt ratio Average collection period Fixed asset turnover Return on equity Problem 4-25 ctions to use the Solution Template ge 116 in the yellow colored cells below. a "Current Assets / Current Liabilities" g formula "Net Operating Income/ Interest Expense" ormula "Cost of goods sold/ Inventory" g formula "Net Sales / Total Assets" ing formula "Net Operating Income / Net Sales" s using formula "Net Operating Income / Total Assets" ( Current Liabilities + Long-term debt) / Total Assets" using formula "( Accounts Receivable * 365 ) / Credit Sales " formula "Net Sales / Net Fixed Assets " mula "Net Income / Owner's Equity" Given Solution

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School: New York University   flag Report DMCA  Review Anonymous
Tutor went the extra mile to help me with this essay. Citations were a bit shaky but I appreciated how well he handled APA styles and how ok he was to change them even though I didnt specify. Got a B+ which is believable and acceptable. Brown University

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