FINC 330 Financial Statements Paper Essay

FINC 330 Financial Statements Paper

Quiz Submissions – Homework #1A (Financial Statements)

Question 1

Advantage First Corporation has sales of $4,270,039; income tax of $330,994; the selling, general and administrative expenses of $251,095; depreciation of $358,481; cost of goods sold of $2,783,792; and interest expense of $122,206. What is the amount of the firm’s EBIT?

Answer:

Question 2

Evening Story Corporation has sales of $4,175,188; income tax of $527,953; the selling, general and administrative expenses of $207,369; depreciation of $318,655; cost of goods sold of $2,417,855; and interest expense of $153,049. Calculate the amount of the firm’s gross profit.

Answer:

Question 3

Banana Box Corporation has sales of $4,010,900; income tax of $458,731; the selling, general and administrative expenses of $273,422; depreciation of $347,802; cost of goods sold of $2,543,815; and interest expense of $129,890. Calculate the amount of the firm’s income before tax?

Answer:

Question 4

Garden Pro Corporation has sales of $4,713,880; income tax of $350,738; the selling, general and administrative expenses of $282,512; depreciation of $341,403; cost of goods sold of $2,859,703; and interest expense of $163,941. Calculate the firm’s net income?

Answer:

Question 5

Killer Whale, Inc. has the following balance sheet statement items: total current liabilities of $711,218; net fixed and other assets of $1,640,294; total assets of $2,873,123; and long-term debt of $613,967. What is the amount of the firm’s current assets?

Answer:

Question 6

Purple Dalia, Inc. has the following balance sheet statement items: current liabilities of $600,156; net fixed and other assets of $1,176,268; total assets of $3,175,573; and long-term debt of $972,215. What is the amount of the firm’s total stockholder’s equity?

Answer:

Question 7

Scare Train, Inc. has the following balance sheet statement items: current liabilities of $848,770; net fixed and other assets of $1,458,752; total assets of $3,344,882; and long-term debt of $640,871. What is the amount of the firm’s net working capital?

Answer:

Question 8

Moby Dick Corporation has sales of $4,030,826; income tax of $541,002; the selling, general and administrative expenses of $233,069; depreciation of $331,545; cost of goods sold of $2,723,184; and interest expense of $109,959. Calculate the amount of the firm’s after-tax cash flow from operations?

Answer:

Quiz Submissions – Homework #1B (DuPont analysis, Return on Investment Ratios)

FINC 330 Financial Statements Paper Essay

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