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Category: Business and Industry
Date Submitted: 10/11/2011 04:33 AM
FIN-200/BFM-105 Assignment-1 Submission due on: October 10, 2011
Question-1. Abdullah Brothers reported an EBITDA of $7.5million and net income of $1.8 million. It had $2.0 million of interest expense, and its corporate tax was 35% . What was its charge for depreciation and amortization?
Q2. In its most recent financial statements, Newhouse Inc reported $50million of net income and $810 million of retained earnings. The previous retained earnings were $780 million. How much was paid to shareholders in dividend during the year.
Q3. MYC had AED55000 cash at the year-end 2007 and AED 25, 000 in cash at the yearend 2008. Cash flow from long-term investing activities totaled AED -250,000 and cash flow from financing activities totaled AED + 170,000.
a) What was the cash flow from operating activities?
b) If accruals & A/P increased by 25,000, and receivables and inventories increased by 100,000, and depreciation and amortization totaled 10,000 what was the firm’s net income?
BALANCE SHEET of Company X AS OF DECEMBER 31, 2010 |
Assets | 2010 | 2009 |
Cash and cash equivalents | 14000 | 13,000 |
Accounts Receivable | 30,000 | 25,000 |
Inventories | 28,125 | 21,000 |
Total Current assets | 72,125 | 59,000 |
Net Plant and Equipment | 50,000 | 47,000 |
Total Assets | 122,125 | 106,000 |
Liabilities and Equity | | |
Accounts Payable | 10,800 | 9,000 |
Notes payable | 6,700 | 5,150 |
Accruals | 7,600 | 6,000 |
Total Current Liabilities | 25,120 | 20,150 |
Long Term Bonds | 15,000 | 15,000 |
Total Debt | 40,100 | 35,150 |
Common Stock (5,000 Shares) | 50,000 | 50,000 |
Retained earnings | 32,025 | 20,850 |
Common Equity | 82,025 | 70,850 |
Total Liabilities and Equity | 122,125 | 106,000 |
Q4.
| | | |
Income Statement For the Year Ending DECEMBER 31, 2010 |
Sales | | 214,000 | |
COGS | | 170,000 | |
EBITDA | | 44,000 | |
Depreciation & Amortization | | 5,000 | |...