1. Nimitz Rental Company provided the following information to its auditors.

For the year ended

March 31, 2020, the company had revenues of $878,412, general and administrative expenses of
$352,666, depreciation expenses of $131,455, leasing expenses of $108,195, and interest
expenses equal to $78,122. If the company’s tax rate was 34 percent, what is its net income after
taxes? (Trình bày bảng income statement)

2. The following are the financial statements for Nederland Consumer Products Company for the
fiscal year ended September 30, 2018.
Income Statement for the Fiscal Year,
September 30, 2018
Net sales $51,407
Cost of products sold 25,076
Gross margin $26,331
Marketing, research, administrative exp. 15,746
Depreciation 758
Operating income (loss) $ 9,827
Interest expense 477
Earnings (loss) before income taxes 9,350
Income taxes 2,869
Net earnings (loss) $ 6,481

Balance Sheet as of 9/30/2018

Assets Liabilities and Stockholders’
Equity
Cash and marketable securities $ 5,469 Accounts payable $ 3,617
Investment securities 423 Accrued and other liabilities 7,689
Accounts receivable 4,062 Taxes payable 2,554
Total inventories 4,400 Debt due within one year 8,287
Deferred income taxes 958
Prepaid expenses & other 1,803
receivables
Total current assets $17,115 Total current liabilities $22,147
Property, plant, and equip., at 25,304 Long-term debt 12,554
cost
Less: Accumulated depreciation 11,196 Deferred income taxes 2,261
Net plant and equipment $14,108 Other non-current liabilities 2,808
Net goodwill & other intangible 23,900 Total liabilities $39,770
assets
Other non-current assets 1,925 Convertible Class A preferred 1,526
stock
Common stock 2,141
Retained earnings 13,611
Total stockholders’ equity $17,278
(deficit)
Total liabilities and
Total assets $57,048 stockholders’ equity $57,048

Calculate all the ratios are available.

3. As you can see, someone has spilled ink over some of the entries in the balance sheet and
income statement of Transylvania Railroad ( Table 28.12 ). Can you use the following
information to work out the missing entries?
• Debt ratio: .4.
• Times-interest-earned: 6.25.
• Current ratio: 1.4.
• Quick ratio: 1.0.
• Cash ratio: .2.
• Return on equity: 24%.
• Inventory turnover: 5.0.
• Receivables collection period: 71.2 days.
 EX 4
Use this information to calculate the ratios below.
Cash $ 900
Accounts receivable 1,200
Inventory 2,100
Accounts payable 1,600
Average daily operating costs 70
Total assets 8,600
Current ratio = Cash ratio =
Quick ratio =
Net working capital to total assets =

EX5
TAN has net income of $123,000 on sales of $2.4 million. Total assets are $2.46 million
and total equity is $1.5 million.
What is the return on assets? What is the return on equity?

EX 6
The Dinmore Company has total assets of $6.4 million, current assets of $2.3 million, current
liabilities of $2.5 million and total liabilities of $4.2 million.
What is the amount of the stockholders’ equity? What is the amount of the net working capital?
What is the amount of the long-term assets?
What is the amount of the long-term debt?

EX 7
Your company has current assets of $250 million, total assets of $395 million and long-term debt
of $116 million. The net working capital is $19 million.
What is the amount of the current liabilities? What is the amount of the total equity?

EX8
Alpha Co. provided the following financial report:
From the balance sheet From the income statement
Cash 280,000 Net sales 2,350,000
Account receivable 325,000 Cost of goods sold 1,830,000
Other current assets 218,000 Gross profit 520,000
noncurrent asset 377,000 Operating expenses 380,000
total asset 1,200,000 Net income 140,000

Current liabilities 275,000

Noncurrent liabilities 525,000
Stockholders'equity 400,000
 Total liabilities +
equity 1,200,000
Compute the following ratio: (a) current ratio (b)debt ratio (c) receivable turnover (d) asset
turnover and (e) return on assets.

EX9

The reproduced financial statements of ABC Company are as follows:

ABC Company
2018 Income Statement
($ in millions)
Revenue $ 13,000
Cost of Goods Sold 6,000
Selling, General & Administrative Expenses 2,6000
Depreciation 1,500
Earnings before interest and taxes (EBIT) ?
Interest 500
Taxable income (Earnings before taxes) ?
Taxes (40%) ?
Net income ?
Dividends ?
Addition to Retained Earnings ?

ABC Company
Balance Sheet as of December 31, 2018
($ in millions)
Assets Liabilities and Equity
Cash $ 1,000 Accounts payable $ 1,400
Accounts receivable 1,500 Notes payable 1,600
Inventory 700
Other current assets 2,000
Total current assets ? Total current liability ?
Net plant and equipment 6,000 Long-term debt 3,600
Total liabilities ?
Common stock 802
Acc. Retained earnings ?
Total Shareholders‘ equity ?
Total assets 11,200 Total liabilites and equity ?
Additional information: Accumulated retained earnings on December 31, 2017 are 4,000. ABC
Company has remained the dividend payout ratio of 30% until now.
 Financial ratios
Liquidity Ratios
Current ratio 1.60
Quick ratio 1.00
Financial Leverage Ratios
Total debt ratios 0.75
Debt-equity ratio 2.50
Equity Multiplier 4.00
Asset utilization ratios
Inventory turnover 6.50
Receivables turnover 7.00
Total assets turnover 0.70
Profitability ratios
ROE 0.28
Net profit margin 0.10
ROA 0.07
Calculate the missing items on the balance sheet and income statement. (Note that: No need to draw
the tables but only list the missing items with their values).

Question 10:

Income Statement 2020

Cost of goods sold $ 6,220.00
Depreciation $ 890.00
Interest $ 460.00
Dividend paid $ 140.00
Selling and general expenses $1,950.00
Addition to retained earnings $ 330.00
Tax rate 30%
What are the sales for 2020?

Question 11:

Net Sales ????

Cost of Goods Sold $6,800
Depreciation $500
Tax 20%
Selling and Administrative Expense $2,300
Interest Payment $347
Dividend Paid $1,400 (30% of net income)
\

Question 12:
 Balance Sheet
Assets 2018 2017
Current assets
Cash and marketable securities 661 530
Accounts receivable 166 247
Inventories 8,209 7,611
Other current assets 215 298
Total current assets 9,251 8,686

Fixed assets
Tangible fixed assets
Property, plant, and equipment 31,477 28,836
Less accumulated depreciation 8,755 7,475
Net tangible fixed assets 22,722 21,361

Long term investments 253 509

Other long-term assets 460 313
Total assets 32,686 30,869

Liabilities and Shareholders' Equity 2018 2017

Current liabilities
Debt due for repayment 1,021 1,104
Accounts payable 4,543 4,137
Other current liabilities 2,458 2,510

Total current liabilities 8,022 7,751

Long term debt 5,039 5,576

Deferred income taxes 660 670
Other long term liabilities 910 774
Total liabilities 14,631 14,771

Common Stock and other paid-in- capital 735 729

Retained earnings and capital surplus 17,320 15,369

Total shareholders' equity 18,055 16,098
Total liabilities and shareholders' equity 32,686 30,869

Income Statement 2018

Net sales 48,230
Cost of goods sold 31,729
Selling, general, and administrative expenses 11,158

Depreciation 1,539
Earning before interest and taxes (EBIT) ?
Interest expense 298
Earning before taxes (EBT) ?
 Tax (20%) ?
Net Income ?

Dividends (30%) ?
Addition to retained earnings (70%) ?
Look up the latest financial statement for a company:
Fill in the blank (?) of Income statement.
Calculate the following all financial ratios.