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Use the following financial statements: Dynamic Mattress Year-End Balance Sheet for 2014 (figures in $ millions) Current Assets: Current Liabilities: Cash 20 Bank loans 25 Marketable securities 0 Accounts payable 110 Accounts receivable 125 Total current liabilities 135 Inventory 130 Total current assets 275 Long-term debt 60 Net worth (equity and retained earnings) 320 Fixed assets: Gross investment 320 Less depreciation 80 Net fixed assets 240 Total assets 515 Total liabilities and net worth 515 Dynamic Mattress Year-End Balance Sheet for 2013 (figures in $ millions) Current Assets: Current Liabilities: Cash 20 Bank loans 20 Marketable securities 10 Accounts payable 75 Accounts receivable 110 Total current liabilities 95 Inventory 100 Total current assets 240 Long-term debt 25 Net worth (equity and retained earnings) 300 Fixed assets: Gross investment 250 Less depreciation 70 Net fixed assets 180 Total assets 420 Total liabilities and net worth 420 Dynamic Mattress Income Statement for 2014 (figures in $ millions) Sales 1,500 Operating costs 1,405 95 Depreciation 10 85 Interest 5 Pretax income 80 Tax at 50% 40 Net income 40 Notes: Dividend = $20 Retained earnings = $20 Prepare the statement of cash flows for 2014. (Leave no cells blank - be certain to enter "0" wherever required. Enter your answers in millions.) Dynamic Mattress Statement of Cash Flows for 2014 (figures in $ millions) Sources: Sold marketable securities Increased bank loans Increased accounts payable Increased long term debt Cash from operations: Net income Depreciation Total sources Uses: Increased inventories Increased accounts receivable Invested in fixed assets Dividend Total uses Increase in cash balance.
looking at adding a diabetes treatment center (DTC) which will provide comprehensive diabetes care and education.
Which is true about the transactional and transformational styles of leadership?
robertrsquos new way vacuum cleaner company is a newly started small business that produces vacuum cleaners and belongs
A local restaurant owner is considering expanding into another rural area. The expansion project will be financed through a line of credit with City Bank. The administrative costs of obtaining the line of credit are $500, and the interest payments ar..
What will the value be if the company borrows $102,000 and uses the proceeds to repurchase shares?
An asset costs $420,000 and will be depreciated in a straight-line manner over its three-year life. It will have no salvage value. The lessor can borrow at 4.4 percent and the lessee can borrow at 7.4 percent. The corporate tax rate is 34 percent for..
Why is the price of a call option higher when the volatility of the underlying stock is higher? Explain.
A prospective MBA student earns $50,000 per year in her current job and expects that amount to increase by 12% per year. She is considering leaving her job to attend business school for two years at a cost of $45,000 per year. What is the net present..
Define the default risk, liquidity risk and reinvestment risk
The cash futures price of a 3 month zero coupon bond with a face value of $100 for delivery in 11.62 months from now is 95.19 dollars. Suppose that the current spot interest rate for a term of 14.62 months is 20.25% per annum.
Interest rates on 4-year Treasury securities are currently 5.85%, while 6-year Treasury securities yield 7.65%. Calculate the yield using a geometric average
Show the validity of this forecast by constructing Alexander's income statement for next year according to the revised format.
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