Business Finance

User Generated

xaysberire

Business Finance

Unformatted Attachment Preview

Homework Assignment for Week 3: For Week 3, please complete the following for Joe’s Fly-By-Night Oil Company, whose latest income statement and balance sheet are shown below: Joe's Fly-by-Night Oil INCOME STATEMENT, 2012 BALANCE SHEET, as of Dec 31, 2012 Sales Cost of goods sold Gross profit S, G & A expenses EBIT Interest Before-tax earnings Taxes Net income ASSETS Cash Accounts receivable Inventory Current assets Equipment (gross) Less Accum Depreciation Equipment (net) Total assets LIABILITIES AND EQUITY Accounts payable Current liabilities Long-term debt Total liabilities Common stock (1,000 shares) Retained earnings Total equity Total liabilities & Equity $10,000 4,000 $6,000 3,000 $3,000 $200 $2,800 1,000 $1,800 EPS $1.80 Dividends Addition to retained earnings $600 $1,200 $5,000 3,000 17,000 $25,000 27,000 (12,000) $15,000 $40,000 $17,000 $17,000 $3,000 $20,000 $7,000 $13,000 $20,000 $40,000 • Prepare a graph of sales and net income for the years 2009 – 2012. For the purposes of this exercise, assume the following historical sales and net income figures for Joe’s Fly-By-Night Oil: Year Sales 2009 2010 2011 2012 $8,200 $8,000 $9,000 $10,000 Net Income $1,500 $1,400 $1,600 $1,800 Comment on the results displayed on the graph. • Prepare a pie chart of Joe’s Fly-By-Night Oil’s expense distribution for 2012 and comment on the results displayed. • Prepare a pie chart of Joe’s Fly-By-Night Oil’s asset distribution for Dec 31, 2012 and comment on the results displayed. • Prepare a pie chart of Joe’s Fly-By-Night Oil’s capital structure for Dec 31, 2012 and comment on the results displayed. Note: Be sure to comment on each of the four graphs. The numbers mean little without your explanatory comments.
Purchase answer to see full attachment
User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Explanation & Answer


Anonymous
I was having a hard time with this subject, and this was a great help.

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4

Related Tags