Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
ACCT 301A - 2014 Fall Financial Statement Analysis Please submit your answers before the class on Oct 13 (Monday). You can submit your response individually, or you may collaborate with other students but the maximum number of students in a team is 3. Teams need only submit one paper for all members, with all team member names listed prominently on the front. 1. Assessing Short-term Liquidity1 The following table reports information for three retailers in the apparel business. GAP Spiegel J.Crew Working capital activity ratios: 1. Days inventory held 73.0 108.2 93.9 2. Days accounts receivable outstanding 0.0 90.2 0.0 3. Days accounts payable outstanding 43.8 116.5 49.6 Operating cycle (1+2) 73.0 198.4 93.9 Cash conversion cycle (1+2-3) 29.2 81.9 44.3 Current ratio 2.1 0.7 1.3 Required: (1) Do any of these companies appear to have a short-term liquidity problem? (2) Which company has the most serious mismatching between cash inflows and cash outflows? 2. Analysis of Segment Reporting The annual report (10-K filing) of 2013 Apple Inc. is available in Titanium.2 Please refer to the sub-section, Item 8 Financial Statements and Supplementary Data, to respond to the following questions. (1) What are the reportable segments and what is the basis for the company to choose the segment structure? (2) What are the reconciliation items from the Company's segment operating income to the consolidated financial statements (total operating income)? Please list the items as specific as possible using disclosed information. (3) Which segment has shown the greatest improvement in sales and profitability over the past two years? (4) Which product has shown the greatest improvements in sales over the past two years? (Bonus Question) What sub-items are included under Item 8, and what sub-topics are included under Note to Consolidated Financial Statements? 1 This case is based on Revsine et al., Financial Reporting and Analysis, 4th edition (McGraw Hill, 2009). 2 Original source of the annual report is either Apple Inc. Investor Relations Web page
For how much do these free assets have to be sold so that the creditors associated with Debt 2 receive exactly $170,800?
Evaluate the engineering project when the MARR is 15% per year. Is the project acceptable? Project A Investment cost $10,000. Expected life 5 years. Market Value -$1,000. Annual receipts $8000. Annual expenses $4000.
she doesn’t know which asset she should expense under §179. She elects not to take additional first-year depreciation. Determine Lori’s total deduction if the §179 expense is first taken with respect to the five-year class asset.
Would I segregate them on the balance sheet as non revenue producing assets, not depreciate them but instead analyze them for impairment annually and then potentially write them down annually.
Journalizing the liquidation of a partnership firm - Prepare the journal entries to record the liquidation
Preparation of the balance sheet from the given transactions for events occurred at Handsome Hounds Grooming Company during its first year of business
Determine the firm's weighted average cost of capital using book value weights. Explain how the firm can use the cost in the investment decision-making process.
Describe the history, current status, and adoption implications of a Financial Accounting Standards Board ongoing project.
Why is CVP analysis generally used as a short run tool? Would CVP ever be appropriate as a long-term method?
What relevance does the social contract have with respect to the legitimacy of an organisation? What is meant by organisational legitimacy?
Explain the role that trainability plays in the effectiveness of an HRD program or intervention. Briefly describe the options available to assess the trainability of employees
Find the budgeted direct-labor cost rate and find the budgeted indirect-cost rate assuming direct-labor cost is allocation base?
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd