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Show your work thank you THIS HOMEWORK SET CONSISTS OF 3 PROBLEMS Homework Set 1: Financial Statement Analysis Name Problem 1: Sources and Uses of

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THIS HOMEWORK SET CONSISTS OF 3 PROBLEMS Homework Set 1: Financial Statement Analysis Name Problem 1: Sources and Uses of Cash Pioneer Inc. Balance Sheet as of December 31, 2eL 2012 2013 Assets: Cash and Mkt. Securities Receivables Inventories $ 700 500 300 400 $ 1,400 1,200 950 2,150 250 450 Total current assets -Net property and equipment 1,000 Total assets 2,4005 iabilitie Payables Short-term debt Other current liabilities Total current liabilities $ 200 400 250 200 900 $ 850 900 300 400 - Long-term debt 800 1,700 S 1,750 -Total liabilities Common stock Retained earnings 500 200 Total shareholders' equity S 700 Total liabilities and sh. equity S 2,400 300 100 400 S 2.150 Problem 2: Ratio Analysis Use the financial statements from problem 1 with the income statement below to calculate the indicated ratios Pioneer Inc. Income Statement for Year Ended December 31, 2013 Net sales Cost of goods sold Other expenses Depreciation EBIT Interest expenses Income before tax Taxes Net income Dividends $ 9,225 1,200 1,700 1,100 5,225 368 S 4,857 1,651 S 3,206 1,923 assume a 34% tax rate assume a 40% plowback Compute the following ratios: Long-term debt ratio Total debt ratio Times interest ratio Current ratio Quick ratic Inventory turnover ratio Average collection period Payout ratio Problem 3: DuPont ROA and ROE identities Use the financial statement in problems 1 and 2 to calculate the following ratios and use them to ensure that the DuPont identities work. Operating profit margin Asset turnover Leverage ratio Debt burden Times interest earned Return on equity ROA proof ROE proof

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