You are given the following data on a company. Produce the balance sheet and income statement...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
You are given the following data on a company. Produce the balance sheet and income statement out of these data. Some explanations on ratios is given on the right Number of days in a year Collection period (days) Days' sales in cash days Inventory turnover (times) Payables period (days) Financial Debt to assets Cash& securities Inventories Total Assets OPEX to Sales Interest On debt Corporate Tax rate 360 71 Accounts Receivable/(Sales/## days in a year) 34 Cash & Securities/(Sales/# days in a year) 5 Cost of Sales/ Inventory 36 Accounts payable /Cost of Sales/ # days in a year) 75% 1.100 1.900 8.000 12% 9% 20% The Format of your financial statements should look like: Balance Sheet (x 000,000 TL) ASSETS Working Capital Accounts Receivable Fixed Assets Total Assets Inventories Accounts Payable Liabilities & Equity Net Debt Cash and Securities Financial Debt Shareholders' Equity Capital & retained earnings Period's Profit/loss Total Liabilities & SHE Income Statement (x 000,000 TL) Sales Cost of Sales Gross Profit General Sales & Administrative Expenses Operating Profit Interest Earning before Taxes Taxes Net Income You are given the following data on a company. Produce the balance sheet and income statement out of these data. Some explanations on ratios is given on the right Number of days in a year Collection period (days) Days' sales in cash days Inventory turnover (times) Payables period (days) Financial Debt to assets Cash& securities Inventories Total Assets OPEX to Sales Interest On debt Corporate Tax rate 360 71 Accounts Receivable/(Sales/## days in a year) 34 Cash & Securities/(Sales/# days in a year) 5 Cost of Sales/ Inventory 36 Accounts payable /Cost of Sales/ # days in a year) 75% 1.100 1.900 8.000 12% 9% 20% The Format of your financial statements should look like: Balance Sheet (x 000,000 TL) ASSETS Working Capital Accounts Receivable Fixed Assets Total Assets Inventories Accounts Payable Liabilities & Equity Net Debt Cash and Securities Financial Debt Shareholders' Equity Capital & retained earnings Period's Profit/loss Total Liabilities & SHE Income Statement (x 000,000 TL) Sales Cost of Sales Gross Profit General Sales & Administrative Expenses Operating Profit Interest Earning before Taxes Taxes Net Income You are given the following data on a company. Produce the balance sheet and income statement out of these data. Some explanations on ratios is given on the right Number of days in a year Collection period (days) Days' sales in cash days Inventory turnover (times) Payables period (days) Financial Debt to assets Cash& securities Inventories Total Assets OPEX to Sales Interest On debt Corporate Tax rate 360 71 Accounts Receivable/(Sales/## days in a year) 34 Cash & Securities/(Sales/# days in a year) 5 Cost of Sales/ Inventory 36 Accounts payable /Cost of Sales/ # days in a year) 75% 1.100 1.900 8.000 12% 9% 20% The Format of your financial statements should look like: Balance Sheet (x 000,000 TL) ASSETS Working Capital Accounts Receivable Fixed Assets Total Assets Inventories Accounts Payable Liabilities & Equity Net Debt Cash and Securities Financial Debt Shareholders' Equity Capital & retained earnings Period's Profit/loss Total Liabilities & SHE Income Statement (x 000,000 TL) Sales Cost of Sales Gross Profit General Sales & Administrative Expenses Operating Profit Interest Earning before Taxes Taxes Net Income You are given the following data on a company. Produce the balance sheet and income statement out of these data. Some explanations on ratios is given on the right Number of days in a year Collection period (days) Days' sales in cash days Inventory turnover (times) Payables period (days) Financial Debt to assets Cash& securities Inventories Total Assets OPEX to Sales Interest On debt Corporate Tax rate 360 71 Accounts Receivable/(Sales/## days in a year) 34 Cash & Securities/(Sales/# days in a year) 5 Cost of Sales/ Inventory 36 Accounts payable /Cost of Sales/ # days in a year) 75% 1.100 1.900 8.000 12% 9% 20% The Format of your financial statements should look like: Balance Sheet (x 000,000 TL) ASSETS Working Capital Accounts Receivable Fixed Assets Total Assets Inventories Accounts Payable Liabilities & Equity Net Debt Cash and Securities Financial Debt Shareholders' Equity Capital & retained earnings Period's Profit/loss Total Liabilities & SHE Income Statement (x 000,000 TL) Sales Cost of Sales Gross Profit General Sales & Administrative Expenses Operating Profit Interest Earning before Taxes Taxes Net Income
Expert Answer:
Answer rating: 100% (QA)
To create the balance sheet and income statement from the given data we need to calculate certain fi... View the full answer
Related Book For
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
Posted Date:
Students also viewed these finance questions
-
Brayden files his Federal income tax return by April 15 but does not pay the tax. Although he expects to pay interest on the large amount of tax he still owes, he feels that the timely filing has...
-
Nizwa Food Processing Company is an Omani Establishment. Their trading results for the year ending 31st Dec, 2019 shows profit of RO 160,000. The following additional information is also given: 1....
-
The comparative balance sheet of Merrick Equipment Co. for December 31, 20Y9 and 20Y8, is as follows: Dec. 31, 20Y9 Dec. 31, 20Y8 Assets Cash $70,720 $47,940 Accounts receivable (net) 207,230 188,190...
-
A simple pendulum 200 m long swings through a maximum angle of 30.00 with the vertical. Calculate its period (a) Assuming small amplitude, and (b) Using the first three terms of Eq. (13.35). (c)...
-
Westwood Homes is beginning work on its future College Park sub-division. Westwood is now pre-selling homes that will be ready for occupancy in nine months. Westwood is offering $5000 off the...
-
On October 1, 2017, Gordon borrows \($150\),000 cash from a bank by signing a three-year installment note bearing 10% interest. The note requires equal payments of \($60\),316 each year on September...
-
Martin Shoes, Inc. manufactures and distributes orthopedic footwear. To sell its products, the marketing department requires sales personnel to call on the shoe retailers within their assigned...
-
Keeley and Roy are concerned about their financial future and meeting their goals. They are 38 years old with twin girls, Abigail and Laryssa age 8. Keeley is a public relations account executive...
-
8.1 Create a one-way data table for profit at different levels of supplier contact in range B22:C33. Ensure that the price in cell C3 is $290 and the advertising budget in cell C5 is $35,000,000 (you...
-
Use future or present value techniques to solve the following problems. If you inherited $55,000 today and invested all of it in a security that paid a 7 percent rate of return, how much would you...
-
Which is the lowest cost option for getting your brand expressions created?
-
A technician wraps wire around a tube of length 39 cm having a diameter of 8.3 cm. When the windings are evenly spread over the full length of the tube, the result is a solenoid containing 590 turns...
-
IKEA add-on Luxury Line extension 1. Please elaborate what are the pros and cons of this marketing plan. 2. If you are a member of the upper management of this firm, which insights do you find most...
-
Which Canadian scholar coined the term 'gendered Islamophobia'? Question 1 options: Kimberle Crenshaw Sharon Stein Hassina Alizai Jasmin Zine
-
A pipe that is 0.460 m long and open at both ends vibrates in the first overtone with a frequency of 726 Hz. What is the speed of sound in the air in this pipe?
-
16. Create a file named answer and give the following command: $ > answers.0102 < answer cat Explain what the command does and why. What is a more conventional way of expressing this command?
-
For the data in Exercise 17-19, use the FIFO method to summarize total costs to account for, and assign these costs to units completed and transferred out, and to units in ending work in process....
-
If you invest $8,000 per period for the following number of periods, how much would you have? a. 10 years at 5 percent b. 20 years at 9 percent c. 35 periods at 11 percent
-
Hunter Petroleum Corporation paid a $2 dividend last year. The dividend is expected to grow at a constant rate of 5 percent over the next three years. The required rate of return is 12 percent (this...
-
The Alonso Corporation has forecasted to sell the following units of copper cables, at prices indicated, under three different economic conditions. The probability of each outcome is shown below....
-
Acne Medication and Gastrointestinal Injury Since 1999, Kamie Kendall had experienced ongoing abdominal pain, and she was eventually diagnosed with ulcerative colitis and irritable bowel syndrome...
-
In 1951, DuPont began using the chemical perfluorooctanoic acid to manufacture Teflon. Due to the dangerous nature of the chemical, DuPont was given special instructions by its supplier to dispose of...
-
CMS is a claims processing company in Mobile, Alabama. Chastity Jones, a black woman, completed an online employment application for a customer service position with CMS. Jones interviewed with a...
Study smarter with the SolutionInn App