Here is my review for the term test. I try be myself but I cannot do it perfectly and it seems I made some mistakes. If any professor can help me to solve it, it is very helpful for my upcoming test. Thank you.

CHAPTER 2 QUESTIONS 19,21,32 Question 19 page 49 Sales Cost of goods Sold Gross Margin Selling and Admin Depreciation EBIT Interest EBT Taxes 35% Net Income A B Net Income Operating Cash Flow c Explain your result in A & B Question 21 Sales Cost of goods Sold Gross Margin Depreciation EBIT Interest EBT Taxes Net Income Dividends paid $ 34% 1,300 A B C Whst is the Net Income What is the operating Cash Flow What is the cah flow form Assets, Is this possible? Change in Net Working Capital Net Capital spending CFA D If no new debt was issued, what is CFC, CFS CFC CFS CFS Question 32 Equipment Installation Class 8 Building Class 3 Calculate total CCA for 2011 and 2012 CHAPTER 3 QUESTIONS 26, 30 Question 26 PAGE 80/81 ASSETS Current Assets Cash Accounts Receivable $ $ 2011 21,860 $ 11,316 $ 2012 22,050 13,850 Inventory $ 23,084 $ 24,650 $ 56,260 $ 60,550 Net Plant and Equipment $ 234,068 $ 260,525 Total Assets $ 290,328 $ 321,075 Total Current Assets Fixed Asset Statement of Comprehensive Income for the year ended 2012 $ 305,830 Sales Cost of goods sold Gross Margin $ $ 210,935 94,895 Depreciation EBIT $ $ 26,850 68,045 Interest EBT $ $ 11,930 56,115 $ 19,640 $ 55% $ 36,475 20,000 $ 16,475 Taxes 35% Net Income Less Dividends Paid Additions to Retained Earnings CHAPTER 4 27,28,29 Question 27 page 108/109 Sales Costs Statement of Income $ 929,000 $ 723,000 Other Expenses EBIT Interest EBT $ $ $ $ 19,000 187,000 14,000 173,000 35% $ 60,550 $ $ $ 112,450 33,735 78,715 Taxes Net Income Dividends Added to R/E Statement of Financial Position ASSETS Current Assets Current Liabilities Cash $ 25,300 Accounts Receivable $ 40,700 Inventory $ 86,900 $ 152,900 Total Fixed Assets Owner's Equity Net Plant and Equipment Total Assets $ 413,000 $ 565,900 Total Liabilities and Owner's Equity Required Prepare Pro-forma financial statements projecting a Interest, the tax rate and dividend payout ratio will remain constant Costs, other expenses, current assetsand accounts payable increase spontaneously with sa The firm is operating at full capacity what is the EFN? Cut and Paste F/S Question 28 If the firm is operaitng at 80% capacity, what is the EFN? Question 29 Keep the Debt-Equity constant, what is the EFN? $ $ ng Cash Flow w form Assets, Is this possible? $ 730,000 $ $ $ 580,000 150,000 105,000 $ 135,000 $ $ - $ - $ - $ - Beg Net Fixed Assets $ $ - Current Assets Current Liabilities $ $ - $ $ - Ending Net Fixed Assets Current Assets $ - Current Liabilities $ - $ $ - 135,000 $ $ $ issued, what is CFC, CFS $ - - 21. Nanticoke Industries had the follo $22,800; cost of goods sold = $16,05 interest expense = $1,830; dividends the year, net assets were $13,650, cu liabilities were $2,700. At the end of $16,800, current assets were $5,930, The tax rate for 2012 was 34 percent 20% $ $ 4,125,000 75,000 5% $ 4,000,000 32. Havelock Industries bought new with a CCA rate of 20 percent for $4, $75,000 for installation it capitalized million in a new brick building (Class During 2011 Havelock finished the pr CCA for Havelock for 2011 and 2012. EARL GREY GOLF CLUB Statement of Financial Position LIABILITIES AND OWNERS EQUITY Current Liabilities Accounts Payable Notes Payable $ $ 2011 19,320 $ 10,000 $ 2012 22,850 9,000 $ 9,643 $ 11,385 $ 38,963 $ 43,235 $ 75,000 $ 85,000 $ 25,000 $ 25,000 Retained Earnings $ 151,365 $ 167,840 Total Equity $ 176,365 $ 192,840 Total Liabilities and Owner's Equity $ 290,328 $ 321,075 Other Total Current Liabilities Long Term Debt Owner's Equity Common Stock 25000 shares rehensive Income Calculate the following Ratios for 2012 Solvency Current Ratio Quick Ratio Cash Ratio Asset Utilization Total asset Turnover Inventory Turnover Receivables Turnover Long Term SolvencTotal Debt Ratio Debt-Equity Ratio Equity Multiplier Times interest earned ratio Cash Coverage Ratio Profitability RatiosProfit Margin Return on Assets Return on Equity 27. The most recent financial statem Tours Inc. follow. Sales for 2013 are p 20 percent. Interest expense will rem rate and the dividend payout rate wi constant. Costs, other expenses, cur accounts payable increase spontane firm is operating at full capacity and equity is issued, what is the external support the 20 percent growth rate i ement of Income ement of Financial Position LIABILITIES AND OWNER'S EQUITY rent Liabilities Accounts Payable Notes Payable Total Long-term debt $ 68,000 $ 17,000 $ 85,000 $ 158,000 Common Stock $ 140,000 Retained Earnings $ $ 182,900 322,900 $ 565,900 Total Equity al Liabilities and Owner's Equity main constant able increase spontaneously with sales 20% growth rate $ 13,650 $ $ 4,800 2,700 $ $ 16,800 5,930 $ 3,150 e Industries had the following operating results for 2012: sales of goods sold = $16,050; depreciation expense = $4,050; nse = $1,830; dividends paid = $1,300. At the beginning of assets were $13,650, current assets were $4,800, and current e $2,700. At the end of the year, net fixed assets were ent assets were $5,930, and current liabilities were $3,150. or 2012 was 34 percent. Industries bought new manufacturing equipment (Class 8) ate of 20 percent for $4,125,000 in 2011 and then paid nstallation it capitalized in Class 8. The firm also invested $4 ew brick building (Class 3) with a CCA rate of 5 percent. Havelock finished the project and put it in use. Find the total lock for 2011 and 2012. Question 30 Market Value Ratios Market Price of Stock $ 43.00 Growth Rate Calculate: 9% P/E Ratio Dividends per share Market-to-book ratio PEG Ratio recent financial statements for Hopington low. Sales for 2013 are projected to grow by nterest expense will remain constant; the tax dividend payout rate will also remain sts, other expenses, current assets, and able increase spontaneously with sales. If the ting at full capacity and no new debt or ed, what is the external financing needed to 20 percent growth rate in sales