Assets: Cash Accounts receivable Inventories Property plant & equipment Liabilities and Equity: Accounts payable Long-term debt...
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Assets: Cash Accounts receivable Inventories Property plant & equipment Liabilities and Equity: Accounts payable Long-term debt Total shareholders' equity FY 2030 (in $ mln) FY 2031 (in $ mln) 100 250 350 700 300 600 500 200 300 400 600 250 750 500 a) [10 marks] Calculate year-over-year changes in each noncash item and classify them into a source and use of cash. *For full credit, you must show the steps/calculation toward your results. b) [10 marks] Suppose that in FY 2031, the firm had sales revenues of $3,000 million ($3 billion) and net income of $60 million. Calculate the return on equity (ROE), based on the ending balance of equity, for FY 2031 and decompose the ROE into three components. No need (no information) to do this for FY 2030. Assets: Cash Accounts receivable Inventories Property plant & equipment Liabilities and Equity: Accounts payable Long-term debt Total shareholders' equity FY 2030 (in $ mln) FY 2031 (in $ mln) 100 250 350 700 300 600 500 200 300 400 600 250 750 500 a) [10 marks] Calculate year-over-year changes in each noncash item and classify them into a source and use of cash. *For full credit, you must show the steps/calculation toward your results. b) [10 marks] Suppose that in FY 2031, the firm had sales revenues of $3,000 million ($3 billion) and net income of $60 million. Calculate the return on equity (ROE), based on the ending balance of equity, for FY 2031 and decompose the ROE into three components. No need (no information) to do this for FY 2030.
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Related Book For
Intermediate Accounting Reporting and Analysis
ISBN: 978-1111822361
1st edition
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
Posted Date:
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