Mod 4

The 2018 balance sheet of Dido Daffodil Depot, Inc., showed long-term debt of $2.9 million, and the 2019 balance sheet showed long-term debt of $3.1 million. The 2019 income statement showed an interest expense of $145,000. During 2019, the company had a cash flow to creditors of –$55,000, and the cash flow to stockholders for the year was $80,000. Suppose you also know that the firm’s net capital spending for 2019 was $1,330,000, and its change in net working capital was -$61,000. What was the firm’s 2019 operating cash flow (OCF)?   Group of answer choices $1,430,000 $1,263,000 $1,365,000 $1,294,000 $1,520,000

H3. please show proper step by step calculation  Good Time Company is a regional chain department store. It will remain in business for one more year. The probability of a boom year is 60 percent and the probability of a recession is 40 percent. It is projected that the company will generate a total cash flow of $193 million in a boom year and $84 million in a recession. The company's required debt payment at the end of the year is $118 million. The market value of the company’s outstanding debt is $91 million. The company pays no taxes.    a. What payoff do bondholders expect to receive in the event of a recession? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e.g., 1,234,567.) b. What is the promised return on the company's debt? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) c. What is the expected return on the…

Bobek Inc. has recently reported steadily increasing income. The company reported income of $20,000 in 2017, $25,000 in 2018, and $30,000 in 2019. A number of market analysts have recommended that investors buy the stock because they expect the steady growth in income to continue. Bobek is approaching the end of its fiscal year in 2020, and it again appears to be a good year. However, it has not yet recorded warranty expense. Based on prior experience, this year’s warranty expense should be around $5,000, but some managers have approached the controller to suggest a larger, more conservative warranty expense should be recorded this year. Income before warranty expense is $43,000. Specifically, by recording a $7,000 warranty accrual this year, Bobek could report an increase in income for this year and still be in a position to cover its warranty costs in future years. Instructions a.    What is earnings management? b.    Assume income before warranty expense is $43,000 for both 2020 and…

(Please answer the last two questions thank you!) 1. Broussard Skateboard's sales are expected to increase by 15% from $8 million in 2016 to $9.2 million in 2017. Its assets totaled $5 million at the end of 2016. Broussard is already at full capacity, so its assets must grow at the same rate as projected sales. At the end of 2016, current liabilities were $1.4 million, consisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruals. The after-tax profit margin is forecasted to be 6%, and the forecasted payout ratio is 40%. Use the AFN equation to forecast Broussard's additional funds needed for the coming year.  2. Refer to question 1, what would be the additional funds needed if the company's year-end 2016 assets had been $7 million? Assume that all other numbers, including sales, are the same as in question 1 and that the company is operating at full capacity. Why is this AFN different from the one you found in question 1? Is the company's "capital…

The Answer is incorrect: Please answer: AFN equation Broussard Skateboard's sales are expected to increase by 15% from $7.4 million in 2019 to $8.51 million in 2020. Its assets totaled $4 million at the end of 2019. Broussard is already at full capacity, so its assets must grow at the same rate as projected sales. At the end of 2019, current liabilities were $1.4 million, consisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruals. The after-tax profit margin is forecasted to be 3%, and the forecasted payout ratio is 75%. Use the AFN equation to forecast Broussard's additional funds needed for the coming year. Enter your answer in dollars. For example, an answer of $1.2 million should be entered as $1,200,000. Do not round intermediate calculations. Round your answer to the nearest dollar.   Answer is not 326175

Hassan textile anticipates reaching a sales level of Rs. 6 million in one year. The company expects earnings after taxes during the next year to equal Rs.400,000. During the past several years, the company has been paying Rs.50,000 in dividends to its stockholders. The company expects to continue this policy for at least the next year. The actual balance sheet and income statement for Hassan textile during 2018 follow.Hassan textile Ltd. Balance Sheet as of December 2018CashRs. 200,000Accounts payableRs. 600,000Account Receivables400,000Notes payable500,000Inventories1,200,000Long-term debt200,000Fixed Assets, net500,000Stockholders’ equity1,000,000Total AssetsRs. 2,300,000Total liabilities and equityRs. 2,300,000Hassan textile Ltd. Income Statement for the Year ending December 2018SalesRs. 4,000,000Expenses, including interest and taxesRs. 3,700,000Earnings after taxesRs. 300,000a. Using the percentage of sales method, calculate the additional financing Hassan textiles Ltd. will need…

Q5   The Sleep Company had the following operating results for 2021-2022. In addition, the company paid dividends in both 2021 and 2022 of $61,800 per year and made capital expenditures in both years of $30,000 per year. The company's stock price in 2021 was $8 and $7 in 2022. The industry average earnings multiple for the mattress industry was 9 in 2022 and the free cash flow and sales multiples were 18 and 1.5, respectively. The company is publicly owned and has 1,000,000 shares of outstanding stock at the end of 2022.   Balance Sheet, December 31,   2022 2021 Cash $ 346,000 $ 106,000 Accounts Receivable $ 356,000 $ 406,000 Inventory $ 256,000 $ 306,000 Total Current Assets $ 958,000 $ 818,000 Long-lived Assets 1,140,000 1,160,000 Total Assets $ 2,098,000 $ 1,978,000 Current Liabilities $ 206,000 $ 306,000 Long-term Debt 606,000 506,000 Shareholder Equity 1,286,000 1,166,000 Total Debt and Equity $ 2,098,000 $ 1,978,000   Income Statement, for year…

Question 1: On June 30th, 2023, Carrabba’s Italian Restaurant had long-term debt of $2,370,000. The previous year-end (June 30th, 2022), the long-term debt was $2,520,000. During the 2022-23 financial year, the restaurant paid its creditors $90,000 in interest payments. What is the amount of the cash flow to creditors in the calculation of financial cash flow? $60,000. $150,000. -$150,000. -$240,000. $240,000. Question 2: Taco Hell Inc. has long-term fixed assets of $3,620,000. On the liability side, its long-term debt is $1,300,000 and its current liabilities are $600,000. The company also reports book value of equity of $3,240,000. What is the amount of current assets in Taco Hell’s Balance sheet? $1,520,000. $720,000 $1,580,000 $960,000 $2,280,000     need both questions. ....attempt if you will solve both........thanks

The 2020 balance sheet of Osaka's Tennis Shop, Incorporated, showed long-term debt of $2.5 million, and the 2021 balance sheet showed long-term debt of $2.65 million. The 2021 income statement showed an interest expense of $100,000. During 2021, the company had a cash flow to creditors of –$50,000 and the cash flow to stockholders for the year was $60,000. Suppose you also know that the firm’s net capital spending for 2021 was $1.31 million and that the firm reduced its net working capital investment by $57,000. What was the firm’s 2021 operating cash flow, or OCF? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)

Will's Wheels, Incorporated reported a debt-to-equity ratio of 0.65 times at the end of 2022. If the firm's total debt at year-end was $5 million, how much equity does Will's Wheels have?   Multiple Choice   $0.65 million   $3.25 million   $5 million   $7.69 million

Paladin Furnishings generated $4 million in sales during 2018, andits year-end total assets were $3.2 million. Also, at year-end 2018, current liabilities were$500,000, consisting of $200,000 of notes payable, $200,000 of accounts payable, and$100,000 of accrued liabilities. Looking ahead to 2019, the company estimates that its assetsmust increase by $0.80 for every $1.00 increase in sales. Paladin’s profit margin is 3%, andits retention ratio is 50%. How large of a sales increase can the company achieve withouthaving to raise funds externally?

The financial statements of Island Furniture Company include the following​ items:     2025 2024 Cash $48,500 $43,000 Short−term Investments 25,000 13,500 Net Accounts Receivable 92,000 102,000 Merchandise Inventory 162,000 150,000 Total Assets 531,000 547,000 Total Current Liabilities 310,000 287,000 Long−term Note Payable 62,000 57,000   What is the 2025 acid−test ​ratio? (Round your answer to two decimal​ places.)

1. Broussard Skateboard's sales are expected to increase by 15% from $8 million in 2016 to $9.2 million in 2017. Its assets totaled $5 million at the end of 2016. Broussard is already at full capacity, so its assets must grow at the same rate as projected sales. At the end of 2016, current liabilities were $1.4 million, consisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruals. The after-tax profit margin is forecasted to be 6%, and the forecasted payout ratio is 40%. Use the AFN equation to forecast Broussard's additional funds needed for the coming year.  2. Refer to question 1, what would be the additional funds needed if the company's year-end 2016 assets had been $7 million? Assume that all other numbers, including sales, are the same as in question 1 and that the company is operating at full capacity. Why is this AFN different from the one you found in question 1? Is the company's "capital intensity" ratio the same or different?  3. Refer to…

4. A Company has Net Sales of 2,000,000 for 2020, Accounts Recitable for 500,000 in 2020, and Accounts Receivable of 350,000 in 2019. Calculate the Accounts Receivable Turnover Ratio.

2. In 2022, williams sonoma reported sales of 6,783million, gross profits of 2,647million, EBIT of 949million, and net income of 681million. The company gross profit margin that year was closet to ................... (your answer should be in percentage).

The December 31, 2021, balance sheet of Chen, Incorporated, showed long-term debt of $1.38 million, and the December 31, 2022, balance sheet showed long-term debt of $1.52 million. The 2022 income statement showed an interest expense of $104,500. What was the firm’s cash flow to creditors during 2022?

Hassan textile anticipates reaching a sales level of Rs. 6 million in oneyear. The company expects earnings after taxes during the next year to equalRs.400,000. During the past several years, the company has been paying Rs.50,000 individends to its stockholders. The company expects to continue this policy for atleast the next year. The actual balance sheet and income statement for Hassan textile during 2018 follow. Hassan textile Ltd. Balance Sheet as of December 2018 Cash Rs. 200,000 Accounts payable Rs. 600,000 Account Receivables 400,000 Notes payable 500,000 Inventories 1,200,000 Long-term debt 200,000 Fixed Assets, net 500,000 Stockholders’ equity 1,000,000       Total Assets Rs. 2,300,000 Total liabilities and equity Rs. 2,300,000     Hassan textile Ltd. Income Statement for the Year ending December 2018  Sales Rs. 4,000,000 Expenses, including interest and taxes Rs. 3,700,000 Earnings after taxes…

The December 31, 2021, balance sheet of Chen, Incorporated, showed long-term debt of $1,470,000 and the December 31, 2022, balance sheet showed long-term debt of $1,720,000. The 2022 income statement showed an interest expense of $101,000. What was the firm's cash flow to creditors during 2022?