FIN 101 Saudi Electronic University Finance Worksheet

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qhnn221

Economics

FIN 101

Saudi electronic university

FIN

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College of Administrative and Financial Sciences

Assignment 1
Principles of Finance (FIN101)

Course Name: Principles of Finance

Student’s Name:

Course Code: FIN101

Student’s ID Number:

Semester: 2nd

CRN: 24926
Academic Year: 1443/1444 H, Second Semester

For Instructor’s Use only
Instructor’s Name: Dr. Samar Alharbi
Level of Marks: High/Middle/Low

Answer No 1: Gross Profit and Operating Profit margin
Net Sales

5,320,140

Less: Cost of Goods sold

(1,300,000)

Gross Profit

4,020,140

Gross Profit margin = (Gross profit/Sales)*100
= (4,021,010/5,321,010)*100
= 75.57%
Operating Profit margin = (EBIT/Sales) *100
= (2,200,000/5,321,010)*100
= 41.35%
Answer No 2: Common Size Balance Sheet

Assets

Balance Sheet
20XX
21,000
52,000
200,500
273,500
132,000
405,500

Cash
Acct/Rec
Inventories
Current assets
Net fixed assets
Total assets
Liabilities and Equity
Account Payable
Accrued expenses
Short-term N/P
Current liabilities
Long-term debt
Total liabilities
Owner's equity
Total liabilities and owners’ equity

22,800
21,000
8,700
52,500
150,000
202,500
203,000
405,500

Calculation
Percentage
21,000/405,500*100
5.18%
52,000/405,500*100
12.82%
200,500/405,500*100
49.45%
273,500/405,500*100
67.45%
132,000/405,500*100
32.55%
405,500/405,500*100
100.00%
22,800/405,500*100
21,000/405,500*100
8,700/405,500*100
52,500/405,500*100
150,000/405,500*100
202,500/4...

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