Expert Answer:Principles of Finance (Assignment 1 Fin101)

Answer & Explanation:please the attached file and solve the questions given.please ask me if you any qu
fin101_assignment_no._1_.docx

Unformatted Attachment Preview

Assignment No. 1
Course: Principles of Finance
(FIN101)
Academic Year:1440-1441 H
Student name:
Semester: 1st
Student grade: / 30
CRN:
Level of the marks:
Student ID:
Instructions:

This Assignment must be submitted on Blackboard (WORD format only) via
the allocated folder.

Email submission will not be accepted.

You are advised to make your work clear and well-presented; marks may be
reduced for poor presentation. This includes filling your information on the cover
page.

Assignment will be evaluated through BB Safe Assign tool.

Late submission will result in ZERO marks being awarded.

The work should be your own, copying from students or other resources will
result in ZERO marks.

Use Times New Roman font 12 for all your answers.
Assignment Questions
Q1. From the information given below: (10 Marks)
a. Prepare a balance sheet
b. Net working capital
Cash
Account receivables
Accounts payable
Short-term notes payable
Inventories
Gross fixed assets
Common stock
Other current assets
Accumulated depreciation
Long-term debt
Other assets
Retained earnings
Q2.
Sales
Cost of goods sold
General and administrative expenses
Depreciation
expenses
Interest expense
Income taxes
From the information given above, prepare
(a) the income statement, and
(b) the common-sized income statement.
100,000
72,000
48,000
35,000
70,000
1,750,000
680,000
10,000
524,000
350,000
25,000
?
(10 Marks)
$525,000
$200,000
$62,000
8,000
12,000
97,200
Q3. Prepare a statement of cash flows from the following list of items. (5 Marks)
Increase in
inventories
Operating income
Dividends
Increase in accounts payables
Interest expense
Increase in common stock
Depreciation expense
Increase in accounts receivable
Increase in long-term debt
Increase in short-term notes payable
Increase in gross fixed assets
Increase in paid in capital
Income taxes
Beginning cash
22,000
625,000
55,000
92,500
118,000
22,000
48,000
210,000
145,000
36,500
144,000
60,000
202,000
700,000
Q4. Calculate the following ratios from the Balance Sheet and the Income Statement of
Saudi Manufacturing Corporation given below: (5 Marks)
a. Current Ratio
b. Debt Ratio
c. Fixed asset turnover
d. Total asset turnover
e. Operating profit margin
Balance Sheet:
Cash
Acct/Rec
Inventories
Current assets
Net fixed assets
Total assets
Accts/Pay
Accrued expenses
Short-term N/P
Current liabilities
Long-term debt
Owner’s equity
Total liabilities and
owners equity
Income Statement:
Net sales
COGS
Gross profit
Operating expenses
Net operating
income
Interest expense
EBT
Income taxes
Net income
30,000
72,500
50,000
152,500
240,000
392,500
44,500
31,000
9,500
85,000
110,000
197,500
392,500
450,000
220,000
230,000
128,000
102,000
18,500
83,500
33,000
50,500

Purchase answer to see full
attachment

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more