Group Problem Set 1 – BA 620 Managerial Finance

Please attending at the absorbed PDF book for this question. BA 620 Managerial Finance Accumulation Botheration Set 1: This botheration Set is based on abstracts covered in modules 1 and 2. It is advised for you to authenticate your compassionate of basal banking statements, banking account analysis, break-even concepts, banking and operating leverages. Afore you alpha this assignment, amuse analysis Modules 1 and 2 abstracts thoroughly. Finance date of Adams Stores, Inc. for the year catastrophe 2016 and 2017. Items 2016 2017 Sales $3,432,000 $5,834,400 Cash 9,000 7,282 Alternative Expenses 340,000 720,000 Retained Antithesis 203,768 97,632 Long-term debt 323,432 1,000,000 Cost of appurtenances awash 2,864,000 4,980,000 Depreciation 18,900 116,960 Short-term investments 48,600 20,000 Fixed Assets 491,000 1,202,950 Absorption Expenses 62,500 176,000 Shares outstanding (par amount = $46.00) 100,000 100,000 Market Price of banal 8.50 6 Accounts Receivable 351,200 632,160 Accounts payable 145,600 324,000 Inventory 715,200 1,287,360 Notes Payable 200,000 720,000 Accumulated Depreciation 146,200 263,160 Accruals 136,000 284,960 Tax Rate 40% 40% Instructions: As a group, complete the afterward activities application the banking advice above: Allotment 1: Banking Statements A. Prepare the assets account for 2016 and 2017. Include account of retained antithesis for 2017. The aggregation paid $11,000 allotment in 2017. B. Prepare the antithesis area for 2016 and 2017 C. Prepare Common-Size banking statements of assets account and antithesis sheet. D. Prepare Account of Cash Flows.  Part 2: Banking Account Assay A. Based on your banking statements (from Allotment 1), account the afterward ratios for the two years. Appearance all your calculations in acceptable form. Appearance your formulas. If you use excel, anniversary adding charge to appearance the excel blueprint Current arrangement Quick arrangement Inventory about-face (times) Boilerplate accumulating aeon (days) Absolute asset about-face (times) Debt arrangement Times absorption becoming Gross accumulation allowance Net accumulation allowance Return on absolute assets Return on disinterestedness P/E arrangement Return on disinterestedness application DuPont Assay B. Comments on the ratios by comparing 2016 to 2017 ratios. C. Assume Adams Stores, Inc. is a retail aggregation agnate to WalMart, Myers, or Target. Compare 2017 ratios to the industry average. Amuse agenda that Adams Stores, Inc. is not a absolute company. To acquisition commensurable industry ratios, you charge to chase for industry ratios for retail. See advice on Moodle for instructions on how to acquisition industry ratios. Based on the industry average, how is Adams Stores, Inc. accomplishing financially?  Part 3: Break-even, Banking and Operating Leverages Johnson Products, Inc. Assets Account For the Year Ended December 31, 2018 Sales (40,000 accoutrements at $50 each) .................................. $2,000,000  Less: Variable costs (40,000 accoutrements at $25)................ 1,000,000  Fixed costs.............................................................. 600,000 Antithesis afore absorption and taxes .............................. 400,000 Absorption amount ........................................................... 120,000 Antithesis afore taxes ................................................. 280,000 Assets tax amount (20%) .......................................... 56,000 Net assets .................................................................. $ 224,000 Based on the advice above, account (show all calculations and responses in acceptable form): a. Break-even in units (in dollars and units). Explain what your numbers mean. As a manager, how would you use the numbers in banking planning? b. What is the amount of banking leverage? Explain what your cardinal mean. As a manager, how would you use the numbers in banking planning? c. What is the amount of operating leverage? Explain what your cardinal mean. As a manager, how would you use the numbers in banking planning? Specific Instructions: 1. Due: Last day of Module 3. 2. Include alone the names of your accumulation associates who alternate in this appointment back you submit. 3. Abide alone one archetype per group. 4. You may use Excel or Word. Amuse DO NOT use any alternative architecture such PDF, etc. Side Note: Amuse agenda that this is not the blazon of appointment area the appointment is disconnected and anniversary apprentice completes the allotment that is assigned. Anniversary being in your accumulation charge participate absolutely in the achievement of anniversary allotment of the assignment. 

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