Help me

1) Suppose that instead of shareholders borrowing $463 from the company in 1995. They take out the same amount as additional dividends in the same year . After this change, what is the $ value retained earnings in 1995 ? ( Write down )

2) In 1995 for Haeden Baum " Earned surplus " deficit is negative because of ? Multiple choice

a) large dividend payment to shareholders

b) negative income

c) large investments in fixed assets

d) both a & b

3) Based on the cash flow statements 1993-1994, which CF item is considered as the main use of funds for Haeden Baum ? ( Write down )

4) The case states that 75% of Haefren Baum's sales were for cash and 25% installment. Installment terms called for 25% down and the balance in equal monthly payments over the following six-month period. Based on this, the ACP in 1995 is .... ( Write down )

Excel File Format Tools Data Window Help 98% (4) ST Thu 5:04 PM Q = Edit View Insert Su- Draw Page Layout Wiegandt_Case.xlsx Q Search Sheet Home Formulas Data Review View 2+ Share Insert X Cut Copy AutoSum Arial - 10 A- A Wrap Text General X 29 Q Fill Paste u 7 A = = Merge & Center $ % % ) +.0 .00 .00 0 Insert Delete Format Format Conditional Format Formatting as Table Cell Styles Clear Sort & Filter Find & Select 11 fx H J K L M R s T U V N o P Statement of Cash flows 1993 1994 1994-1995 Ratio Analysis 1999 1994 1995 161 159 (386) 8 8 2.261 1.082 49.969 (55) 169 35 (8) 88 (331) 2.123 1.087 61.955 Net Income (ND) Depreciation A Accounts Receivable Anventory A Accountable A Miscellaneous accruals A Estimated federal income tax Deferred charges Total cash flow from Operations 2.5331 1.258 65.494 10 Inventory -0.057 Liquidity CR OR AP Days Profitability ROE ROA GPM OM NPM Efficiency Total Asse! Turnover Avg. Calleci.pd. LLLLLLLL 1.014 0.148 0.392 0.058 (104) 32 (225) (103) -0.019 -0.002! 0.399 0.020 -0.001 0.377 0.381 0.071 -0.004 21 330 (21) (330) 2.098 52.635 194.452 6.98 1.555 77.185 120615 5.85 1.498 77.188 129.215 5.39 A Cash Flow from Investing AGFA Alvestments Total cash flow from Investing Cash Flow from Financing Al Notes para employees A Notes payable, bark A Current mauris on long-term debits A Mortgage loan A Due from stockholders | Inventory Days FA Turnover Leverage Debrequin Sales Growth DuPont Analysis 16 587 327 ( (16) (344) 5.84 9.37 -21.05 -0.02 8.221 -1.24 -0.08 (40) (223) 607 (119) 184 1.01 338 Dividends Total cash flow from Financing 214 409 D E F G 1 Wiegand GmbH Cologne 2 3 Hafren Baum GmbH Balance sheets, FYE 1/31 5 thousands of DM) 6 1943 1994 1994 1995 7 4 1993-1994 4 1994-1995 8 Cash 138 104 (32) 104 80 (241 9 Accounts receivable, ne 2,447 2.833 386 2.833 2,798 (35) 2,916 2,908 (8) 2,908 2,916 a 11 Current Assets 5,499 5,845 348 5,845 5.794 (51) 12 Land 587 587 567 587 13 Buildings, Exdures and women 2,167 2,188 21 2,188 2,518 330 14 Less: Reserve for depreciation 304 159 463 631 183 15 Net buildings. Surendement 1,883 1.725 (138) 1,725 1.887 162 16 Investments 104 104 104 104 17 Due from stockholders 344 344 344 119 18 Deferred charges 32 (32) 32 19 Total assets 8,097 8.617 520 8,617 8.847 230 20 21 Accounts payable 1.382 1,390 1,390 1,478 88 22 Notes payable, employees 112 128 16 128 128 23 Estimated income tax 104 (104) 24 Current mauris on long-term debts 248 575 327 575 352 (223) 25 Miscellaneous accruals 588 630 74 680 329 (331) 28 Current liabilities 2.432 2,753 321 2,753 2,287 (488) 27 Notes payable, bark 871 1,438 567 1,438 1.399 140 28 Maraza loan 3,611 3,595 (16) 3,595 4.202 607 29 Capital stock 879 879 879 1,083 184 30 Earned surplus (deficit) 304 (48) (352) (48) (103) (55 31 Total liabilities and net worth 8,097 8.617 520 8.617 8.847 230 32 33 34 35 Hafren Baum GmbH 38 Income Statements for FYE 1/31 37 (Thousands of DM) 1943 1994 1945 39 18.647 15179 14,397 41 Less: Returns and allowances 1,678 1,732 1,168 42 Net sales 16.99 13,397 13,231 43 Cost of goods sold 10.322 8,189 8.237 44 Gross profit 5,208 4,994 45 Less: Operating expenses 5,704 4,937 4,778 48 Operating profit 943 271 216 47 Other income 639 135 104 138 48 Netaler or income 1.582 375 352 49 Other deductions 383 391 401 50 Net profit loss before tax 1,199 (16) (55) 51 Dividends paid 52 Wiegandt GmbH Cologne Sheet1 Business Analysis + Change in Cash Surn of Cash Flows (32) 124 Common-Sized Income Statement 1943 1994 Sales 109.89% 113.30% Less Returns and allowances 9.89% 13.30% Net sales 100.00% 100.00% Cast of goods sold 60.83% 61.13% Gross profit 39.17% 38.879 Less: Ong expenses 33.61% 38.85% Operating profit 5.58% 2.02% Omer income 3.77% 0.78% Nether the income 9.32% 2.80% Other deductions 2 28% 2.97% Net profit loss before tax 7.07% -0.12% 1995 108.81% 8.81% 100.00% 62.26% 37.74% 38.11% 1.63% 1.03% 2.68% 3.08% -0.42% 6647 B + 83% 118 FEB 18 w X P d