Little Drummer: Management of Billy’s made several assumptions towards its newly acquired company‚ Little Drummer Boy. Management finally adopted the assumptions that the fair value of significant assets acquired was $865 million and that of other assets was $145 million. At the same time of the acquisition‚ management also decided that useful lives of the acquired plant and equipment were 30 years and 15 years‚ respectively‚ which were different from the 20 years and 10 years useful lives for the
Premium Depreciation Asset Auditing
FINANCIAL STATEMENTS Accrual-based approach – revenues are recorded at the point of sale and costs when they are incurred‚ not necessarily when a firm receives or pays out cash Cash flow approach – used by financial professionals to focus attention on current and prospective inflows and outflows of cash 1. Balance sheet a. Assets Cash and Cash Equivalents Marketable securities Accounts receivable Inventories Net property‚ plant and equipment Intangible assets b. Liabilities Accounts
Premium Balance sheet Generally Accepted Accounting Principles Compound interest
Mini Case : Ratios And Financial Planning At East Coast Yachts 1. Calculate all of the ratios listed in the industry table for East Cost Yachts. Ratios Calculation 2009 a) Current Ratio 0.75 b) Quick Ratio 0.44 c) Total Asset Turnover 1.54 d) Inventory Turnover 19.22 e) Receivables Turnover 30.57 f) Debt Ratio 0.49 g) Debt to Equity Ratio
Premium Generally Accepted Accounting Principles Balance sheet Financial ratios
case “Ratios and Financial Planning at East Coast Yachts” in chapter 3 of your textbook. 2. Based on the information provided‚ answer the questions below: Part I: A. Calculate the following ratios for East Coast Yachts and compare them to those for the industry: Liquidity or Short-Term Solvency Ratios Calculate and compare to industry ratios: East Coast Yachts Lower Quartile Median Upper Quartile Positive‚ Negative‚ or Neutral Relative to Industry Current Ratio 1.12 0
Premium Financial ratios Financial ratio
1.0 Executive Summary D&S Realty‚Inc.‚ is an corporation in the city of Georgetown Guyana. This corporation is capitalized by two stockholders: Shelroy Johnson and David Foo Jnr. who are both licensed brokers and sponsoring brokers of this firm. The licensed brokers of this firm will sponsor licensed real estate agents( independent contractors) in the country of Guyana. This corporation will formalize the real estate services offered. D&S Reality Inc. will be opening its doors for operation in
Premium Stock Bank Financial services
1. Current Ratio- the current ratio is current assets divided by current liabilities. In the data from 2002 in Appendix D the current assets equal $104‚296.00 and the current liabilities equal $139‚017.00 the current ratio equals 0.75. 2. Long –term solvency ratio- the formula used for long term solvency is total assets divided by total liabilities. In the data provided the total assets equal $391‚270.00 and the total liabilities equal $310‚246.00 making the long-term solvency ratio equal 1.26
Premium Generally Accepted Accounting Principles Balance sheet Asset
IRSPROPOSAL Course: Lecturer: Title: Prepared by: Due Date and Time: Business Research Methods (626) Mr. Schofield The Future Growth of Apple Inc. Stefania Arrivabene Monday November 5th‚ 3:00 PM Stefania Arrivabene IRS Proposal ESE 60 Lecturer: Mr Schofield Table of Contents Acknowledgments ........................................................................................................ 3 Introduction ...........................................................................
Premium Qualitative research Product life cycle management Scientific method
FINANCIAL RATIO ANALYSIS Based on the table 1‚ it shows that the financial ratio was divided into four parts which are liquidity‚ assets management‚ long-term debt paying ability and profitability. Liquidity ratios are particularly interesting to short-term creditors and it is focus on current assets and current liability. In addition‚ General Thumb of rule for the current ratio should be at least 2:1. For the Gemini Electronic the current ratio is consistent and it is increase in year 2006. But
Premium Financial ratios Financial ratio Generally Accepted Accounting Principles
Contents Introduction The primary objective of this report is to provide a financial performance analysis of Marks & Spencer group plc. This will be achieved by a detailed ratio analysis on financial data available in latest annual report of the company for the year ended March-2013. The attention during ratio analysis will be on horizontal and vertical analysis as well as the comparison of these ratios with the industry. Moreover‚ the report will also give a brief business analysis of the
Premium Financial ratios Balance sheet Inventory
Part A After-TAX Cost Debt O’Grandy Apparel Company can calculate the after tax debt cost using YTM (CP + (FV-Nd /n) / FV +Nd /2) *2. Cp is (0.12/2) * 1000= 60 Semi-annually Fv is 1000 Nd is 995 – (0.025* 1000) = 970 N is 20*2 because it is semi-annually then you have to use Kdt= Kd+ (i-T) .The tax bracket is 40 percent. Now we can have the after tax debt when it is equal or smaller than $700000 Kd ( 1-T) = 0.1249 (1-0.4)= 0.07494. If it is more than $700000 it will be KD (1-t) = 0.18(1-0.4)
Premium Dividend Weighted average cost of capital Investment