"Financing east coast yachts' expansion plans with a bond issue" Essays and Research Papers

Sort By:
Satisfactory Essays
Good Essays
Better Essays
Powerful Essays
Best Essays
Page 1 of 50 - About 500 Essays
  • Good Essays

    East Coast Yachts

    • 1374 Words
    • 6 Pages

    Company Overview East Coast Yachts was founded in 1969 by Tom Warren as a sole proprietorship which later became a publicly traded corporation after operations were assumed by his daughter (Ross‚ 2011). Located in South Carolina‚ the company manufactured custom midsize‚ high-performance yachts and has been praised for safety and reliability (Ross‚ 2011). The company enjoyed new business and growth within its industry due to its customer satisfaction. However‚ an evaluation of cash flows later

    Premium Balance sheet Financial ratios Financial ratio

    • 1374 Words
    • 6 Pages
    Good Essays
  • Satisfactory Essays

    East Coast Yachts

    • 379 Words
    • 2 Pages

    East Coast Yachts Statement of Cash Flows Cash flows from operating activities | | Net income | $38‚652‚000.00 | Adjustments: | | Depreciation | $16‚800‚000.00 | Increase in accounts receivables | $-910‚000.00 | Increase in inventories | $-4‚494‚000.00 | Increase in other current assets | $-646‚000.00 | Increase in accounts payable | $128‚800.00 | Decrease in accrued expenses | $-1‚400‚000.00 | Decrease in notes payable | $-3‚600‚000.00 | Cash flows provided by operating activities

    Premium Generally Accepted Accounting Principles Cash flow statement Cash flow

    • 379 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    East Coast Yachts

    • 2212 Words
    • 9 Pages

    Ratios and Financial Planning at East Coast Yachts | Yacht Industry Ratios | | | Lower Quartile | Median | Upper Quartile | Current ratio | 0.50 | 1.43 | 1.89 | Quick ratio | 0.21 | 0.38 | 0.62 | Total asset turnover | 0.68 | 0.85 | 1.38 | Inventory turnover | 4.89 | 6.15 | 10.89 | Receivables turnover | 6.27 | 9.82 | 14.11 | Debt ratio | 0.44 | 0.52 | 0.61 | Debt-equity ratio | 0.79 | 1.08 | 1.56 | Equity multiplier | 1.79 | 2.08 | 2.56 | Interest coverage

    Premium Generally Accepted Accounting Principles Balance sheet Financial ratios

    • 2212 Words
    • 9 Pages
    Satisfactory Essays
  • Good Essays

    East Coast Yacht Solution

    • 1482 Words
    • 6 Pages

    1-Compute all industry ratios presented for East Coast Yachts and COMPARE and comment on each ratio as compared to the Industry Median. (60pts) Industry ratios presented for East Coast Yachts Current ratio = $11‚270‚000 / $15‚030‚000 Current ratio = 0.75 times Quick ratio = ($11‚270‚000 – 4‚720‚000) / $15‚030‚000 Quick ratio = 0.44 times Total asset turnover = $128‚700‚000 / $83‚550‚000 Total asset turnover = 1.54 times Inventory turnover = $90‚700‚000 / $4‚720‚000 Inventory turnover = 19.22

    Premium Financial ratios Financial ratio

    • 1482 Words
    • 6 Pages
    Good Essays
  • Satisfactory Essays

    East Coast Yachts key

    • 681 Words
    • 3 Pages

    1. Calculate all of the ratios listed in the industry table for East Coast Yachts Current ratio=CA/CL= 14‚651‚000/19‚539‚000=0.75 Quick Ratio=(CA-Inventory)/CL=(14651000-6136000)/19539000=0.44 Total assert turnover=Sales / Total Assets=167310000/108615000=1.54 Inventory turnover=Cost of Goods Sold / Inventory=117910000/6136000=19.22 Receivable turnover=Sales / Accounts Receivable=167310000/5473000=30.57 Debt ratio(TA-TE)/TA=(108615000-55341000)/108615000=0.49 Debt-equity ratio=TD/TE=33735000/55341000=0

    Premium Financial ratios Financial ratio

    • 681 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    East Coast Yachts Case

    • 2210 Words
    • 9 Pages

    Capital: Refers to firms short-term assets‚ such as inventory and liabilities. Some important questions that have to be answered are: - How much cash and inventory should be kept on hand? - Should we sell on credit? - Will be any short-term financing obtained? For example‚ the ENK PLC (a Philippines-focused nickel miner) sold a stake in Toledo Mining Corp. PLC for cash and also signed a conditional deal to sell its interest in Berong Nickel Corporation. Selling these non-core assets

    Premium Financial ratios Financial ratio Balance sheet

    • 2210 Words
    • 9 Pages
    Powerful Essays
  • Good Essays

    Warren‚ the owner of East Coast Yachts‚ has decided to expand her operations. She asked her newly hired financial analyst‚ Dan Ervin‚ to enlist an underwriter to help sell $30 million in new 20-year bonds to finance new construction. Dan has entered into discussions with Robin Perry‚ an underwriter from the firm of Crowe & Mallard‚ about which bond features East Coast Yachts should consider and also what coupon rate the issue will likely have. Although Dan is aware of bond features‚ he is uncertain

    Premium Bond Bonds Yield

    • 481 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Corporate Finance: Chapter 5: Financing East Coast Yacht’s Expansion Plans with a Bond 1. If the company benefits from the provision of the bond‚ then the coupon rate will be higher. If the bondholder’s benefit‚ then the bond will have lower coupon rate. a. Bond’s with collateral will have lower coupon rate as bondholders have claim on collateral no matter what. It provides an asset which lowers default risk. Downside to company is that this collateral cannot be sold as an asset and needs to

    Premium Bond Bonds

    • 953 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    ASSIGNMENT FOR MANAGERIAL ACCOUNTING AND FINANCE RATIOS AND FINANCIAL PLANNING AT EAST COAST YACTHS 1. Calculated all of the ratios listed in the industry table for East Coast Yachts. Current Ratio = Current Asset / Current Liabilities = $14‚651‚000.00 / $ 19‚539‚000 = 0.749 @ 0.75 ( Lower Quartile) Quick Ratio = (Current Asset – Inventory) / Current Liability = ($14‚651‚000 - $6‚136‚000) / $19‚539‚000 = $8‚515‚000 / $19‚539‚000

    Premium Balance sheet Generally Accepted Accounting Principles Financial ratios

    • 793 Words
    • 4 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Question 1: Financial ratios for East Coast Yachts: Current ratio | = | Current Assets | | | Debt-equity ratio | = | Total liabilities | | | Current Liabilities | | | | | Total equity | | = | $14‚651‚000 | | | | = | $19‚539‚000 + $33‚735‚000 | | | $19‚539‚000 | | | | | $55‚341‚000 | | = | 0.75 | | | | = | 0.96 | | | | | | | | | | | | | | | | | Quick ratio | = | Current Assets - Inventory | | | Equity multiplier | = | Total assets | |

    Premium Generally Accepted Accounting Principles Financial ratios Balance sheet

    • 1891 Words
    • 8 Pages
    Satisfactory Essays
Previous
Page 1 2 3 4 5 6 7 8 9 50