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    AnswerKey FinMan 2.1

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    rvprintworks

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    © All Rights Reserved
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    AnswerKey FinMan 2.1

    Uploaded by

    rvprintworks
    12 views5 pages

    Copyright

    © © All Rights Reserved

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    XLSX, PDF, TXT or read online from Scribd

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    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    12 views5 pages

    AnswerKey FinMan 2.1

    Uploaded by

    rvprintworks

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 5

    2007 2006 Increase/Decrease

    cash 91,450.00 74,625.00 16,825.00


    short-term investments 11,400.00 15,100.00 - 3,700.00
    accounts receivable 103,365.00 85,527.00 17,838.00
    inventories 38,444.00 34,982.00 3,462.00
    total current assets 244,659.00 210,234.00

    net fixed assets 67,165.00 42,436.00 24,729.00

    total assets 311,824.00 252,670.00

    accounts payable 30,761.00 23,109.00 7,652.00


    accruals 30,477.00 22,656.00 7,821.00
    notes payable 16,717.00 14,217.00 2,500.00
    total current assets 77,955.00 59,982.00

    long term debt 76,264.00 63,914.00 12,350.00

    total assets 154,219.00 123,896.00

    common stock 100,000.00 90,000.00 10,000.00


    retained earnings 57,605.00 38,774.00 18,831.00
    total shareholders' equity 157,605.00 128,774.00

    total liab and she 311,824.00 252,670.00


    Cash Flow Statement Income Statement

    operating activities Sales 455,150,000.00


    Inflow EBITDA 68,272,500.00
    EBT 31,385,610.00
    depreciation 7,388,150.00 Dep 7,388,150.00
    decrease in STI 3,700,000.00 Interest 8,575,000.00
    increase in AP 7,652,000.00 Income before taxes 52,309,350.00
    increase in accruals 7,821,000.00 Taxes 20,923,740.00
    Income tax paid
    increase in NP 2,500,000.00 Net Income 31,385,610.00
    60,446,760.00 Dividends 12,554,244.00
    outflow 18,831,366.00
    increase in AR 17,838,000.00

    increase in Inv 3,462,000.00 - 21,300,000.00


    net cashflow 39,146,760.00

    investing activities
    Inflow

    -
    outflow
    increase in FA,net 32,117,150.00
    - 32,117,150.00
    net cashflow - 32,117,150.00

    investing activities
    Inflow
    increase in ltd 12,350,000.00
    increase in c/s 10,000,000.00
    22,350,000.00
    outflow
    payment of div 12,554,244.00
    - 12,554,244.00
    net cashflow 9,795,756.00

    NET CASHFLOW 16,825,366.00


    ADD: BEG 74,625,000.00
    END 91,450,366.00 as computed
    END 91,450,000.00 per FS
    366.00 the discrepancy can be disregarded due to rounding off and FS prese
    given

    40% of EBT

    to rounding off and FS presentation


    November December January February
    Forecasted Sales 160,000.00 40,000.00 60,000.00

    Total Cash Receipts 160,000.00 40,000.00 60,000.00

    Disbursement 140,000.00 40,000.00 40,000.00 40,000.00


    payment of purchases - 140,000.00 - 40,000.00 - 40,000.00
    koehl salary - 4,800.00 - 4,800.00 - 4,800.00
    rent salary - 2,000.00 - 2,000.00 - 2,000.00
    tax - 12,000.00
    Total Cash Disbursement - 158,800.00 - 46,800.00 - 46,800.00
    net cashflow 1,200.00 - 6,800.00 13,200.00
    beg 400.00 1,600.00 - 5,200.00
    end 1,600.00 - 5,200.00 8,000.00
    minimum cash bal 6,000.00 6,000.00 6,000.00
    - 4,400.00 - 11,200.00 2,000.00
    short-term short-term
    November December January February
    Forecasted Sales 160,000.00 40,000.00 60,000.00

    Total Cash Receipts - 160,000.00 40,000.00

    Disbursement 140,000.00 40,000.00 40,000.00 40,000.00


    payment of purchases - 140,000.00 - 40,000.00 - 40,000.00
    koehl salary - 4,800.00 - 4,800.00 - 4,800.00
    rent salary - 2,000.00 - 2,000.00 - 2,000.00
    tax - 12,000.00
    Total Cash Disbursement - 158,800.00 - 46,800.00 - 46,800.00
    net cashflow - 158,800.00 113,200.00 - 6,800.00
    beg 400.00 - 158,400.00 - 45,200.00
    end - 158,400.00 - 45,200.00 - 52,000.00
    minimum cash bal 6,000.00 6,000.00 6,000.00
    - 164,400.00 - 51,200.00 - 58,000.00
    short-term short-term

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