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Figuroa Corp
Balance Sheet
FYE 12/31/2015

Assets:

2015

2014

Current Assets

Cash

13407

6135

Accounts Receivable

30915

28419

Inventory

56295

51163

   Total Current Assets

100617

85717

Property Plant and Equipment

525000

475000

Less Accumulated Depreciation'

-167440

-148544

Net Property Plant and Equipment

357560

326456

     Total Assets

458177

412173

Liabilities and Owners Equity

Current Liabilities

Accounts Payable

48185

45166

Notes payable

18257

17773

  Total Current Liabilities

66442

62939

Long Term Debt

39000

44000

Total Liabilities

105442

106939

Owners Equity

Common Stock &

Paid in Capital

50000

45000

Retained Earnings

302735

260234

Total Owners Equity

352735

305234

Total Debt and O/E

458177

412173

Figuroa Corp
Income Statement
FYE 12/31/2015

Sales

925000

Cost of Goods Sold

735000

Depreciation

18896

Fixed Costs

45000

   Earnings Before Interest and Taxes

126104

       Interest

3500

         Taxable Income

122604

             Income Tax

22604

                Net Income

100000

Dividends Paid

57499

Additions to Retained earnings

42501

1. For the Financial Statements above, compute the Operating Cash Flow, Cash Flow from Assets, Cash Flow to Creditors and Cash Flow to Stockholders for FYE 2016

2. For the Financial Statements above identify each relevant item as a Source or Use of Cash.  Prepare an analysis to determine the net change in cash between 2014 and 2015.

3. For the financial statements above, determine the following ratios:  Accounts Receivable Turnover, Day Sales in Inventory,  Debt/Equity Ratio, Current Ratio, and the Equity Multiplier

4. Assume you are going to buy a car.  The price of the car is $40,000.  The finance company requires a 20% down payment and will finance the car at  7.25%/annum for 5 years with the first payment on the car due one month from Delivery.  What is the monthly payment on the car?

What is the Effective Annual Interest Rate on the Loan?

5. Find the Present Value and Net Present Value of the following cash flows using 12% as a discount rate

CF 0

-425000

CF1

85000

CF2

85000

CF3

75000

CF4

65000

CF5

75000

CF6

75000

CF7

95000

CF8

95000

CF9

95000

CF10

95000

Financial Accounting, Accounting

  • Category:- Financial Accounting
  • Reference No.:- M91823773
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