You have been appointed as the new Chief Financial Officer of ABC Aluminum, a Jebel Ali...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
You have been appointed as the new Chief Financial Officer of ABC Aluminum, a Jebel Ali manufacturer of specialized aluminum foils. You are responsible of conducting a comprehensive financial analysis of the firm (common-size and comparative) in addition to checking its liquidity, solvency, and profitability status. Please upload the excel calculations along with your report highlighting the red flags The 2022 financial statements are given below: Income Statement as of 31/12/2022 (AED) Sales COGS Gross Profit SG&A Expenses Earnings before interest and taxes Interest paid Taxable Income Taxes Net Income Dividends Addition to Retained Earnings Assets Cash Accounts Receivable Inventory Total Current Assets Fixed Assets Net Plant and Equipment Total Assets 24,280 37,070 83,400 144,750 891,600 (693,600) 198,000 396,500 (18,240) 179,760 (13,400) 166,360 (58,226) 108,134 Balance Sheet as of 31/12/2022 (AED) Liabilities Accounts Payable Notes Payable Total Current Liabilities 35,684 72,450 Long-term Liabilities Long-term Debt Owner's Equity Common Stock Retained Earnings Total Owner's Equity 541,250 Total Liabilities and Owner's Equity 65,200 16,320 81,520 155,000 130,000 174,730 304,730 541,250 You have been appointed as the new Chief Financial Officer of ABC Aluminum, a Jebel Ali manufacturer of specialized aluminum foils. You are responsible of conducting a comprehensive financial analysis of the firm (common-size and comparative) in addition to checking its liquidity, solvency, and profitability status. Please upload the excel calculations along with your report highlighting the red flags The 2022 financial statements are given below: Income Statement as of 31/12/2022 (AED) Sales COGS Gross Profit SG&A Expenses Earnings before interest and taxes Interest paid Taxable Income Taxes Net Income Dividends Addition to Retained Earnings Assets Cash Accounts Receivable Inventory Total Current Assets Fixed Assets Net Plant and Equipment Total Assets 24,280 37,070 83,400 144,750 891,600 (693,600) 198,000 396,500 (18,240) 179,760 (13,400) 166,360 (58,226) 108,134 Balance Sheet as of 31/12/2022 (AED) Liabilities Accounts Payable Notes Payable Total Current Liabilities 35,684 72,450 Long-term Liabilities Long-term Debt Owner's Equity Common Stock Retained Earnings Total Owner's Equity 541,250 Total Liabilities and Owner's Equity 65,200 16,320 81,520 155,000 130,000 174,730 304,730 541,250
Expert Answer:
Answer rating: 100% (QA)
Lets start with the commonsize and comparative analysis of the Income Statement and Balance Sheet Ill then calculate liquidity solvency and profitabil... View the full answer
Related Book For
Posted Date:
Students also viewed these finance questions
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
The U.S. rate of inflation is projected at 2% per year over the next ten years, while the Japanese rate of inflation is projected at 0% per year. The current exchange rate is 121 yen/$. a) If you do...
-
The financial statements of Helena Beauty Products Ltd. are presented below. Required: Using six ratios, comment on the profitability (three ratios) and efficiency (three ratios) of the business as...
-
In Problems 1158, perform the indicated operation, and write each expression in the standard form a + bi. 2 + 3i 1-i
-
How does the rate-of-project-progress chart (Fig. 1-3) help a manager make decisions?
-
A new and relatively unstudied compound is being investigated for its potential use as a refrigerant. The compound has a critical temperature T c = 500 K and P c = 30 bar. The vapor pressure at T =...
-
In 2014, political consulting firm Cambridge Analytica developed an app designed to create digital profiles of individuals via their information. Cambridge Analytica collected the data by inviting...
-
George Kyparisis owns a company that manufactures sailboats. Actual demand for George's sailboats during each of the past four seasons was as follows: George has forecasted that annual demand for his...
-
The database contains three tables containing information about this company's sales process: Inventory, Sales, and SalesItems. Use the Relationships window to link the tables together. The...
-
A liquid mixture is prepared by combining N different liquids with densities p 1 , p 2 ,. .. .p N . The volume of component I added to the mixture is Vi and the mass fraction of this component in the...
-
Not-for-profit organizations are tax-free entities that benefit from zero taxes on all generated revenue TRUE FALSE
-
Explain why the real interest rate is the opportunity cost of loanable funds.
-
Hong Kong Is Keeping Its Currency Peg Hong Kongs central bank intervened 40 times in 2020 to keep its currency pegged to the U.S. dol lar at 7.8 Hong Kong dollars per U.S. dollar. The U.S. dollar...
-
Explain the distinction between a central bank and a commercial bank.
-
What are the requirements of the Magnuson-Moss Warranty Act?
-
What are the Feds three policy tools?
-
For those fortunate souls who do not need glasses, the lens ofthe eye adjusts its focal length in order to form a proper image onthe retina. This typically means that very distant objects as wellas...
-
The power company must generate 100 kW in order to supply an industrial load with 94 kW through a transmission line with 0.09 resistance. If the load power factor is 0.83 lagging, find the...
-
Humphrey Enterprises is a public company located in Toronto that follows IFRS and has a December 31 year end. It is involved in the manufacturing of pet supplies that are distributed and sold all...
-
At January 1, 2010, ILS acquired 80% of the share capital of LBEX for $290,000. At this date the statement of nancial position of LBEX, including comparative information on fair values for assets,...
-
The following are the statements of ï¬nancial position at September 30, 2013, of Chrapaty Ltd. and Squid Ltd. Additional information: 1. During September, the shares of the companies were...
-
The following extracts have been taken from the subsidiary books of the business owned by D. Jenkinson for the month of April 2017. Required: (a) The name of the source document which will have been...
-
After preparing its draft final accounts for the year ended 31 March 2013 and its draft statement of financial position as at 31 March 2013 a business discovered that the inventory lists used to...
-
In which book should all the correcting double entries first be entered?
Study smarter with the SolutionInn App