need help pleaseProblem 3-13

Warner Company Balance Sheet

Current Assets

Warner Company Income Statement

Recall from reading checkpoint 3.1

to construct an income statement

in this space, adjusting as needed.

(You may delete these instructions.)

Long Term (fixed) assets

Current Liabilities

Long-term Liabilities

Owners Equity

Total liabilities and equity

Q. What can you say about the firm’s financial condition based on these financial

statements?

Q. Using the CSU Online Library find one article that discuses financial statements, cash flow, or ratio analysis. Briefly

summarize the key points of the article as it relates to this unit. You may use any of the databases, but Business Source

Complete is a good starting place.

ome Statement

cial

ratio analysis. Briefly

es, but Business Source

Problem 3-15

Answer the following four questions using the information found in the statements.

a. Does BigBox generate positive cash flow from its operations?

b. How much did BigBox invest in new capital expenditures over the last four years?

c. Describe BigBox’s sources of financing in the financial markets over the last four years.

d. Based solely on the cash flow statement for 2010 through 2013, write a brief narrative that

describes the major activities of BigBox’s management team over the last four years.

Problem 4-25

Step 1

Step 2

Step 3

Step 4

Step 5

Step 6

Step 7

Step 8

Step 9

Step 10

Step 11

Instructions to use the Solution Template

Enter the given values from the textbook on page 116 in the yellow colored cells below.

In Cell E52, Calculate Current ratio using formula “Current Assets / Current Liabilities”

In Cell E53, Calculate Times interest earned using formula “Net Operating Income/ Interest

In Cell E54, Calculate Inventory Turnover using formula “Cost of goods sold/ Inventory”

In Cell E55, Calculate Total Asset turn Over using formula “Net Sales / Total Assets”

In Cell E56, Calculate Operating Profit Margin using formula “Net Operating Income / Net S

In Cell E57, Calculate Operating Return on Assets using formula “Net Operating Income / To

In Cell E58, Calculate Debt Ratio using formula “( Current Liabilities + Long-term debt) / Tot

In Cell E59, Calculate Average Collection Period using formula “( Accounts Receivable * 365

In Cell E60, Calculate Fixed Asset Turnover using formula “Net Sales / Net Fixed Assets ”

In Cell E61, Calculate Return on Equity using formula “Net Income / Owner’s Equity”

Given

J. P. Robard Mfg., Inc.

Balance Sheet ($000)

Cash

Accounts receivable

Inventories

Current assets

Net fixed assets

Total assets

Accounts payable

Accrued expenses

Short-term notes payable

Current liabilities

Long-term debt

Owners’ equity

Total liabilities and owners’ equity

J. P. Robard Mfg., Inc.

Income Statement ($000)

Net sales (all credit)

Cost of goods sold

Gross profit

Operating expenses (includes $500 depreciation)

Net operating income

Interest expense

Earnings before taxes

Income taxes (40%)

Net income

Solution

Current ratio

Times interest earned

Inventory turnover

Total asset turnover

Operating profit margin

Operating return on assets

Debt ratio

Average collection period

Fixed asset turnover

Return on equity

Problem 4-25

ctions to use the Solution Template

ge 116 in the yellow colored cells below.

a “Current Assets / Current Liabilities”

g formula “Net Operating Income/ Interest Expense”

ormula “Cost of goods sold/ Inventory”

g formula “Net Sales / Total Assets”

ing formula “Net Operating Income / Net Sales”

s using formula “Net Operating Income / Total Assets”

( Current Liabilities + Long-term debt) / Total Assets”

using formula “( Accounts Receivable * 365 ) / Credit Sales ”

formula “Net Sales / Net Fixed Assets ”

mula “Net Income / Owner’s Equity”

Given

Solution

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