|[pic] |Quantitative Financial Analysis | | |2 credits | | | | | |BU.230.710.52 | | |Tuesdays 6-9pm, 3/24/2015-5/12/2015 | |
c. $380,000. d. $500,000. (Hoyle, Joe Ben. Fundamentals of Advanced Accounting with Dynamic Accounting PowerWeband CPA Success SG Coupon, 3rd Edition. McGraw-Hill Learning Solutions, 2009. p. 180).
Stock Number Annual $ Volue J24 12,500 R26 9,000 L02 3,200 M12 1,550 P33 620 T72 65 S67 53 Q47 32 V20 30 What are the appropriate ABC groups of inventory items? (4 points) Stock Number Annual $ Volume % of Annual Volume % of Total Class: J24 12,500 46.21 79.48 A R26 9,000 33.27 L02 3,200 11.83 19.85 B M12 1,550 5.73 P33 620 2.29 T72 65 0.24 0.67 C S67 53 0.20 Q47 32 0.12 V20 30 0.11 Total Annual Volume 27,050 Problem 2: Assume you have a product with the following parameters: Holding cost per per unit Order per order What is the EOQ? What is the total cost for the inventory policy used? (4 points) Problem 3: Assume that our firm produces type C fire extinguishers. We make 30,000 of these fire extinguishers per year.
August 14, 2011 Week 6 Project 2 International Reporting Case A.) 1.) Return on Assets $58,333 (net income) / $1,404,726 (total assets) = 4.15% 2.) Return on stockholder’s equity $58,333 (net income) / $176,413 (stockholder’s equity) = 33.07% 3.) Debt to assets ratio $1,202,134 (total debt) / $1,404,726 (total assets) = 87.4% B.)
FM421 – Applied Corporate Finance Case Study: Tottenham Hotspur plc 25th January 2013 201128545 201125438 201121479 201119785 201130179 201129057 1) Valuation based on Discounted Cash Flow In order to perform a DCF approach we first calculated the WACC and then the FCF. WACC WACC= rd(1-t)*[D/(D+E)] + re*[E/(D+E)] t = 35% (from the case, exhibit 1) rd= rf= 4.57% (exhibit 1, assuming β of debt = 0) Net Debt/EV=0.11 (EV = Market Value of Equity + Net Debt) re= rf+βe*(rm-rf)= 4.57%+ 1.29*5%=11.02 (under CAPM assumptions) [E/(D+E)]= 1-0.12=0.88 WACC= (0.0457)*(1-0.35)*0.11 + (0.1102)*0.89= 10.12% Free Cash Flow FCF= EBIT(1-t) – CAPEX – ΔNWC + Depreciation As EBIT and tax rate are given we have to calculate the ΔNWC. ΔNWC=Inventory + A/R – A/P As accounts receivable and payable are sensitive to sales changes, we assume that A/P and A/R change but their ratio to sales remains constant over time. We assume the same for the ratio of inventory/merchandise sales. (A/P)/Sales= 19.99/74.1 = 0.26977058 (A/R)/Sales= 64.4/74.1 = 0.869095816 Inventory/Merchandise sales= 1.17/5.2=0.225 We then multiplied the ratios for the equivalent factors (sales and merchandise sales) on the pro-forma balance sheet for the years between 2008 and 2020 and found the ΔNWC for every year.
RUNNING HEAD: FINANCIAL RESEARCH REPORT 1 Assignment 4 Financial Research Report Angela Thomas Fin 534 August 24,2011 FINANCIAL RESEARCH REPORT 2 TABLE OF CONTENTS Company Overview…………………………………………………………………..3 Financial Analysis……………………………………………………………………4. Stock Price…………………………………………………………………………….6 Recommendations……………………………………………………………………..6 References……………………………………………………………………………..7 TABLES……………………………………………………………………………..8 FINANCIAL RESEARCH REPORT 3 Company Overview Cal Maine states that their mission is to be the
Exam 3 Study Guide Chapter 13 1. What is saving? 2. What savings amount do financial experts recommend for emergency purposes? 3-6 months 3.
Business Economics GM545 | March 2011 Online Session_C | | Chapter 15, Question 11. The table below lists gross domestic product (GDP), consumption (C), gross private domestic investment (I), government spending (G), and net exports (X – M). Compute each as a percent of GDP for the 5 years presented. Year | GDP | C | I | G | X – M | C (%) | I (%) | G (%) | X – M (%) | 1965 | 719.1 | 443.8 | 118.2 | 151.5 | 5.6 | 61.72% | 16.44% | 21.07% | 0.78% | 1975 | 1638.3 | 1034.4 | 230.2 | 357.7 | 16.0 | 63.14% | 14.05% | 21.83% | 0.98% | 1985 | 4220.3 | 2720.3 | 736.2 | 879.0 | -115.2 | 64.46% | 17.44% | 20.83% | -2.73% | 1995 | 7397.7 | 4975.8 | 1144.0 | 1369.2 | -91.4 | 67.26% | 15.46% | 18.51% | -1.24% | 2005 | 12455.8 | 8742.4 |
| 5,384,000 | | 4,207,000 | | 3,981,000 | | Noncontrolling interests | 11,000 | | 7,000 | | (15,000) | | Total equity (deficit) | 5,395,000 | | 4,214,000 | | 3,966,000 | | http://www.mergentonline.com.proxy-library.ashford.edu/companyfinancials.php?pagetype=asreported&compnumber=4788&period=Annuals&dataarea=BS&range=3&currency=AsRep&scale=AsRep&Submit=Refresh This horizontal analysis will use 2012 as the base year for comparison. Horizontal Analysis | 2012 | 2013 | 2014 | Sales | 90,374,000 | 96,751,000 +7.06% | 98,375,000 +8.85% | Net Earnings | 843,000 | 2,302,000 + 173.07% | 2,282,000 +170.70% | Interest Expense | 435,000 | 462,000 + 6.21% | 433,000 -.46% | Net Earnings per Share | 1.01 | 2.78 +175.25% | 2.93 +190.1% | Cost of Goods Sold | 71,494,000 | 76,858,000 + 7.50% | 78,138,000 +9.29%
Case 2 Ryanair Case 2 Ryanair Table of contents Titlepage 2 Preface 3 Table of contents 4 Executive summary 5 Chapter 1 Identify the main problem 6 1.2 Summary of Ryanair 6 1.3 Problem statement and research questions 7 1.4 Methodology 7 1.5 Application strategic lenses 8 Chapter 2 Gathering the facts 9 2.1 Pestel Framework 9 2.2 Five forces 11 2.3 Strategic capability 13 2.4 Robustness 14 2.5 Cost efficiency 15 2.6 Strategic Clock 16 2.7 Stakeholder mapping 18 2.8 Business economics analysis 19 2.9 SWOT Analysis 27 Chapter 3 Alternative course of action 28 3.1 TOWS 28 3.2 Alternative for fuel 29 3.3 Use the recessions and bend it to something positive 29 3.4 Improving their image start with the employees 29 3.5 Ryanair needs to distinguish themselves by developing secondary airfields 30 Chapter 4 Decisions and reasoning 31 Chapter 5 Implementation 32 Conclusion 33 Bibliography 34 Table of Figures 35 Appendix 36 xecutive summary Chapter 1 Identify the main problem This first chapter will give a small overview of how Ryanair got into their current situation. Therefore a concise summary is presented and also the strategic lenses of Ryanair will be discussed. 1.2 Summary of Ryanair Ryanair is an international air carrier which is based in Dublin, Ireland. At the moment it is the largest low cost airline in Great Britain and Europe. Ryanair started flying since 1985 between Ireland and the UK.