Posted: December 19th, 2023

FINC 600 Assignment 7 Complete the following problems

FINC 600 Assignment 7
Complete
the following problems in either Microsoft Word or Excel.
Your work must be organized. Highlight your final answer.Chapter 18
18-2
Table
18.11 gives abbreviated balance sheets and income statements for Estée Lauder
Companies.
TABLE 18.11
End of Year Start
of Year
Balance
Sheet
Assets
Current
Assets:
Cash
and Marketable Securities 402 254
Accounts
Receivable 1039 861
Inventories 987 856
Other
Current Assets 360 269
Total Current Assets 2787 2239Fixed
Assets:
Tangible
fixed assets
Property,
Plant & Equipment 2394 2113
Less
accumulated depreciation 1351 1232
Net Tangible Fixed Assets 1043 881Long-term
investments 24 22
Other
long-term assets 1157 984
Total Assets 5011 4126
Liabilities
and Shareholder’s Equity
Current
Liabilities
Debt
due for repayment 119 60
Accounts
payable 1581 1440
Total Current Liabilities 1699 1501Long-term
debt 1078 1028
Other
long-term liabilities 581 398Total
Liabilities 3358 2927Total
Shareholders’ equity 1653 1199
Total
Liabilities and shareholders’ equity 5011 4126Income
Statement
Net
Sales 7911
Cost
of goods sold 1997
Selling,
general and administrative expenses 4852
Depreciation 251
Earnings
before interest and taxes (EBIT) 811
Interest
expense 67
Taxable
income 744
Tax 260
Minority
interest 10
Net
income 474Dividends 107
Addition to retained earnings 367Calculate the following ratios:
a. Return on assets.
b. Operating profit margin.
c. Sales-to-assets ratio.
d. Inventory turnover.
e. Debt–equity ratio.
f. Current ratio.
g. Quick ratio18-4
Look
again at Table 18.11. At the end of fiscal 2008 Estée Lauder had 195 million
shares outstanding19 with a share price of $45.50. The company’s
weighted-average cost of capital was about 10%.
Calculate:
a. Market value added.
b. Market-to-book ratio.
c. Economic value added.
d. Return on capital.Chapter 19
19-3
Here
is a forecast of sales by National Bromide for the first four months of 2010
(figures in $ thousands):Month 1 Month 2 Month 3 Month 4
Cash
Sales 15 24 18 14
Sales
on Credit 100 120 90 70On
the average 50% of credit sales are paid for in the current month, 30% are paid
in the next month, and the remainders are paid in the month after that. What is the expected cash inflow from
operations in months 3 and 4?19-8
Abbreviated
financial statements for Archimedes Levers are shown in Table 19.12. If sales increase by 10% in 2011 and all
other items, including debt, increase correspondingly, what must be the
balancing item? What will be its value?TABLE
19.12
Income
Statement
Sales $4000
Costs,
including interest $3,500
Net
income $500Balance
Sheet, Year-End
2010 2009
2010 2009
Assets $3,200 $2,700 Debt $1,200 $1,033
Equity $2,000 $1,677
Total $3,200 $2,700 Total $3,200 $2,700
Show
all your work to earn partial credit.

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