Need help with 5 homework assignments for Financial Statement Analysis class. The assignments are relatively short and only have a few questions each.

Looking for quality work. Serious tutors only, please.

Homework Assignment - Chapter 10 1. Office Mart, Inc. sells numerous office supply products through a national distribution center. The company has focused on maintaining a cash balance equivalent to approximately 14 days of sales. Sales in 2010 amounted to $125,980,673 and the company expects growth in 2011 of 11% and in 2012 of 15%. Given this information determine Office Mart, Inc.'s projected year-end cash balance for 2011 and 2012 2. The following balance sheet and income statement pertain to Goode Corp., using the following assumptions complete a forecasted 2013 income statement: Assumptions for 2013: Revenue growth rate COGS Operating expenses Interest expense Tax rate 32% 64% of sales 23% of sales 10% of beginning long-term debt 35% Goode Corp. Consolidated Statement of Income (Thousands except per share amounts) Net Revenues Cost of Revenue SG&A Operating Income Interest Expense Income Before Income Taxes Income taxes Net Income Goode Corp Consolidated Balance Sheet (Thousands) Current Assets Cash and Equivalents Merchandise inventory Accounts receivable PPE (including intangibles), net Total Assets Liabilities and Stockholders' Equity Accounts payable Long-term debt Shareholders' Equity Common stock and APIC 2012 $345,871 (226,546) (83,009) 36,316 (484) 35,832 (12,541) $23,291 2012 7,905 6,308 6,614 39,458 60,285 9,643 13,500 28,613 Retained earnings Total Liabilities and Shareholders' Eq. 2. 8,529 60,285 Homework Assignment - Chapter 11 1. The following financial statement data pertains to Northridge, Inc., a manufacturer of women's outerware (dollar amounts in millions): Total Assets Interest-Bearing Debt Average Pre-tax borrowing cost Common Equity: Book Value Market Value Income Tax Rate Market Equity Beta Market Premium Risk-free interest rate $145,782 $32,659 8.25% $22,515 $65,843 40% 0.85 7.5% 2.2% Required: a. Calculate the company's cost of equity capital. b. Calculate the weight on debt capital that should be used to determine Northridge's weighted-average cost of capital. c. Calculate the weight on equity capital that should be used to determine Northridge's weighted-average cost of capital. d. Calculate Northridge's weighted-average cost of capital. 2. The following data pertain to Loren Corporation (dollar amounts in thousands): Total Assets Interest-Bearing Debt Average Pre-tax borrowing cost $10,254 $1,257 9.20% Common Equity: Book Value Market Value $5,624 $21,479 Income Tax Rate 32% Market Equity Beta Riskless interest rate Market risk premium 1.56 3.8% 6.5% Using this information, calculate the following: a. b. Loren Corporation's cost of equity capital The weight on debt capital that should be used to calculate Loren's weightedaverage cost of capital. 3. For each of the following companies, determine the total dividends paid to common equity holders in order to value the firm: (amounts in thousands) Dividends Paid to Common Shareholders Common Stock Repurchases Common Stock Issued Adam $124 Company Baxter Cooper $2,134 $325 $412 $140 $1,247 $95 $1,985 $145 Homework Assignment - Chapter 12 1. Below is information from the statement of cash flow and income statement for Garland Products, Inc. for 2012 and 2011. Marketable securities represent investments of excess cash that Garland Products does not need for operations. Garland Products' tax rate is 35%. Cash Flow Statement (in thousands) 12/30/2011 12/30/2012 Cash from operations Net cash provided by operations 106,484 113,880 Cash from investments (Increase) decrease in property & plant Acquisition (disposition) of subsidiaries or other business Increase (decrease) in marketable securities -31,536 -702 -18,825 -47,960 -19 380,737 Net cash provided by (used in) investing -51,063 332,758 Cash from financing Issuances (purchases) of equity shares Issuances (repayment) of debt Increase (decrease) in bank, or other borrowings Dividends, other distributions -370 -25,000 -29,377 -434,570 25,000 -37,202 Net cash provided by (used in) financing -54,747 -446,772 674 3,255 3,929 -134 3,389 3,255 50 394 35 1400 Net change cash & cash equivalents Cash and cash equivalents at start of year Cash and cash equivalents at year end Interest Revenue Interest Paid Using the above information calculate the amount of free cash flows to all debt and equity capital stakeholders for Garland Products for year 2012 and 2011 2. The quarterly cash flows from operations for two computer companies are as follows: (in Millions) Firm A Firm B Required: 2012 Q1 $406.1 $136.7 2012 Q2 $204.2 $243.1 2012 Q3 $729.1 $708.2 2012 Q4 $440.2 ($87.9( 2013 Q1 $587.8 ($161.4) 1) Explain why Firm B has more credit risk than Firm A. 2) Suppose that Firm B's cash flow was $200 million higher each quarter. Explain why Firm B might still be viewed as having higher credit risk than Firm A. 3. Morgan Company reported the following items in 2012: Net income Dividends paid Increase in accounts receivable Increase in accounts payable Purchase of equipment (capital expenditure) Depreciation expense Issue of notes payable Required: Calculate the following: (1) net cash provided by operating activities, (2) the net change in cash during 2012, and (3) free cash flow. $40,000 5,000 10,000 7,000 8,000 4,000 20,000 Homework Assignment - Chapter 8 1. Assume that Madison Corp. has agreed to construct a new basketball arena for Gator Town for $70 million dollars. Construction of the new arena begins in July, 2012 and is expected to be completed in March 2014. At the signing of the contract Madison Corp. estimates that the new arena will cost $60 million dollars to build. Given the following cost and building schedule determine the cumulative degree of completion and how much revenue and gross margin Madison Corp. should recognize in years 2012, 2013 and 2014. Year 2012 2013 2014 Costs incurred to date $18,000,000 $48,000,000 $60,000,000 Estimated costs Remaining $42,000,000 $12,000,000 $0 2. Pronto, Inc. is a major producer of printing equipment. Pronto uses a LIFO cost-flow assumption for inventories. The company's tax rate is 35%. Below is selected financial data for the company. Pronto, Inc. Selected Financial Data December 31, (amounts in thousands) Inventories (LIFO) Total Assets Common Shareholders' Equity 2013 2012 2011 $ 48,454 395,685 102,754 $ 42,369 384,545 98,564 $ 45,388 378,122 89,455 Sales Cost of Goods Sold Interest Expense Net Income $546,258 393,857 14,253 24,581 $488,965 348,920 15,689 21,025 Required: a. The excess of FIFO over LIFO inventories was $25 million on December 31, 2013, $28.5 million on December 31, 2012 and $22 million on December 31, 2011. Compute the cost of goods sold for Pronto, Inc. for years 2013 and 2012 assuming that it had used a FIFO assumption. b. Compute the inventory turnover ratio for Pronto, Inc. for years 2013 and 2012 using a LIFO cost-flow assumption. c. Compute the inventory turnover ratio for Pronto, Inc. for years 2013 and 2012 using a FIFO cost-flow assumption. d. Compute the rate of return on assets for years 2013 and 2012 based on the reported amounts. Disaggregate ROA into profit margin and asset turnover components. e. Compute the rate of return on assets for years 2013 and 2012 assuming that Pronto, Inc. had used the FIFO method of accounting for inventories. Disaggregate ROA into profit margin and asset turnover components. 3.Under U.S. GAAP, application of the LIFO and FIFO inventory methods result in differences in the balance sheet, income statement and cash flow statement. Compare and contrast the effect of the two methods on each financial statement and determine the advantages and disadvantages of each method. Homework Assignment - Chapter 9 1. Banks Corp. reported net income of $390,000 in 2012. During 2012 Banks reported a loss of $72,000 from a peripheral activity. The loss was included as part of income from continuing operations. Assuming that the loss is a one-time event and that Banks has an effective tax rate of 35% calculate Banks' adjusted net income. Show all of your calculations for credit. In addition, discuss why analysts might make an adjustment of this type. 2. Motor Corporation's income statements for the years ended December 31, 2012 and 2011 included the following information before adjustments: Operating income Gain on sale of division Provision for income taxes Net income 2012 $900,000 450,000 $1,350,000 (405,000) $945,000 2011 $600,000 ---0-----$600,000 (180,000) $420,000 On January 1, 2012, Motor Corporation agreed to sell the assets and product line of one of its operating divisions for $1,600,000. The sale was consummated on December 31, 2012, and it resulted in a gain on disposition of $450,000. This division's pre-tax net losses were $320,000 in 2012 an $250,000 in 2011. The income tax rate for both years was 30%. Required: Starting with operating income (before tax), prepare revised comparative income statements for 2012 and 2011 showing appropriate details for gain (loss) from discontinued operations. 3. On November 15, 2012, Jacobs Co. sold a segment of its business for $2,750,000. The net book value of the segment at the time of its disposal was $3,000,000. Jacobs had pretax operating income of $1,750,000 for 2012 which included $380,000 earned by the discontinued segment prior to its disposal. Assume Jacobs' tax rate is 30%. Required: Prepare a partial income statement for Jacobs Co. beginning with pretax income from continuing operations