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Question 4 . . 5 points Chapter 4 You work as an analyst in the finance department for the Bravo Corporation The company has been listed on the Abu Dhabi Stock Exchange (ADX) since 27 July 2010 The business operates in the Basic Materials sector and is involved with the discovery, development and processing of raw materials to be used in the construction of residential and commercial buildings in the GCC region. This week, you have received a request from the firm's finance manager to assess its liquidity and cash position You have access to the following financial statement information for the company Income Statement Sales Cost of goods sold Gross profit Fixed expenses Depreciation EBIT 2021 9,500 13.400) 6,100 (3,100) (1.600) 1,400 2020 8.900 13.5001 5,400 12.100) 1600 1.200 2021 740 630 2020 650 900 2,200 1,220 1410 Balance Sheet Cash Accounts receivable Inventory Land and buildings Machinery Other fixed assets TOTAL ASSETS Accounts payable Notes payable Long-term debt Common stock Retained earings TOTAL LIABILITIES & EQUITY 320 710 2.600 1,700 520 1.500 1,400 890 7.100 950 1,200 1,450 1,900 1600 7.100 910 1,800 1500 S.500 Calculate the number of the company's days in receivables outstanding in Year 2021. If the average Industry number of days in receivables outstanding is 20, explain whether the company is doing better or worse than the industry. Why yes or why not? Explain your answer. What is your recommendation to the company's management? (1 point) b. Calculate the number of the company's days in Inventory outstanding in Year 2021. If the average Industry number of days in Inventory outstanding is 80, explain whether the company is doing better or worse than the industry. Why yes or why not? Explain your answer. What is your recommendation to the company's management? (1 point) c. Calculate the number of the company's days in payables outstanding in Year 2021 of the average industry number of days in payables outstanding is 120, explain whether the company is doing better or worse than the industry. Why yes or why not? Explain your answer. What is your recommendation to the company's management? (1 point) d. Determine whether the Bravo Corporation needs to borrow money to finance their business in Year 2021. Support your answer with both an explanation and calculations. (2 points) Question 4 . . 5 points Chapter 4 You work as an analyst in the finance department for the Bravo Corporation The company has been listed on the Abu Dhabi Stock Exchange (ADX) since 27 July 2010 The business operates in the Basic Materials sector and is involved with the discovery, development and processing of raw materials to be used in the construction of residential and commercial buildings in the GCC region. This week, you have received a request from the firm's finance manager to assess its liquidity and cash position You have access to the following financial statement information for the company Income Statement Sales Cost of goods sold Gross profit Fixed expenses Depreciation EBIT 2021 9,500 13.400) 6,100 (3,100) (1.600) 1,400 2020 8.900 13.5001 5,400 12.100) 1600 1.200 2021 740 630 2020 650 900 2,200 1,220 1410 Balance Sheet Cash Accounts receivable Inventory Land and buildings Machinery Other fixed assets TOTAL ASSETS Accounts payable Notes payable Long-term debt Common stock Retained earings TOTAL LIABILITIES & EQUITY 320 710 2.600 1,700 520 1.500 1,400 890 7.100 950 1,200 1,450 1,900 1600 7.100 910 1,800 1500 S.500 Calculate the number of the company's days in receivables outstanding in Year 2021. If the average Industry number of days in receivables outstanding is 20, explain whether the company is doing better or worse than the industry. Why yes or why not? Explain your answer. What is your recommendation to the company's management? (1 point) b. Calculate the number of the company's days in Inventory outstanding in Year 2021. If the average Industry number of days in Inventory outstanding is 80, explain whether the company is doing better or worse than the industry. Why yes or why not? Explain your answer. What is your recommendation to the company's management? (1 point) c. Calculate the number of the company's days in payables outstanding in Year 2021 of the average industry number of days in payables outstanding is 120, explain whether the company is doing better or worse than the industry. Why yes or why not? Explain your answer. What is your recommendation to the company's management? (1 point) d. Determine whether the Bravo Corporation needs to borrow money to finance their business in Year 2021. Support your answer with both an explanation and calculations. (2 points)
