Your Perfect Assignment is Just a Click Away

Starting at $8.00 per Page

100% Original, Plagiarism Free, Customized to Your instructions!

glass
pen
clip
papers
heaphones

FIN 101 SEU Compute the Balance Sheet as On December 31 2018 Malak Company Ques

FIN 101 SEU Compute the Balance Sheet as On December 31 2018 Malak Company Ques

Question Description

No plagiarism. matching ratio should not exceed 5%.

I want original text answer.

Requirement:

mention question number clearly in their answer

Use Times New Roman (size 12, double-spaced)

Q1 (1.5 marks)

Ahlam Company’s net income for the year 2000, is $3,700,214. The company had an EBITDA of $ 10,125,300, and its depreciation and amortization expense was equal to $2,543,790. The company’s average tax rate is 35 percent.

  1. What is the amount of interest expenses for the firm? (Show the details of your calculations).
  2. Prepare a common sized Income Statement if net sales equal $12,000,000


Q2. (1 Mark)

The following are accounts balance (in thousands) for Malak Company. Calculate Net Income after-tax (show intermediate steps) t=35% for the year ended December 31, 2020.

Net property and equipment

$ 2,000

Accounts receivable

$3,000

Notes payable

$37,000

Revenues

$ 983,000

Supply expenses

$ 255,000

Depreciation expenses

$ 35,000

Labor expense

$300,000

Interest Expenses

$11,000

Stockholders’ Equity

$61,500

Cash & cash equivalents

$97,000

Long-term debt

$3,500


Q3.
Calculate the following ratios from the Balance Sheet and the Income Statement given below: (1.5 Mark)

  1. Current Ratio
  2. Debt Ratio
  3. Fixed asset turnover
  4. Total asset turnover
  5. Operating profit margin

Balance Sheet:

Cash

30,000

Acct/Rec

72,500

Inventories

50,000

Current assets

152,500

Net fixed assets

240,000

Total assets

392,500

Accts/Pay

44,500

Accrued expenses

31,000

Short-term N/P

9,500

Current liabilities

85,000

Long-term debt

110,000

Owner’s equity

197,500

Total liabilities and owners equity

392,500

Income Statement:

Net sales

450,000

COGS

220,000

Gross profit

230,000

Operating expenses

128,000

Net operating income

102,000

Interest expense

18,500

EBT

83,500

Income taxes

33,000

Net income

50,500


Q4. Using the values below, answer the questions that follow: (1mark)

Amount of annuity: $500

Interest rate: 9%

N=10 years

  • A) Calculate the future value of the annuity, assuming that it is
  • 1/ An ordinary annuity.
  • 2/ An annuity due.
  • B) Compare your findings in parts a(1) and a(2).
  • All else being identical, which type of annuity—ordinary or annuity due—is preferable as an investment? Explain why.

"Place your order now for a similar assignment and have exceptional work written by our team of experts, guaranteeing you A results."

Order Solution Now

Our Service Charter


1. Professional & Expert Writers: Eminence Papers only hires the best. Our writers are specially selected and recruited, after which they undergo further training to perfect their skills for specialization purposes. Moreover, our writers are holders of masters and Ph.D. degrees. They have impressive academic records, besides being native English speakers.

2. Top Quality Papers: Our customers are always guaranteed of papers that exceed their expectations. All our writers have +5 years of experience. This implies that all papers are written by individuals who are experts in their fields. In addition, the quality team reviews all the papers before sending them to the customers.

3. Plagiarism-Free Papers: All papers provided by Eminence Papers are written from scratch. Appropriate referencing and citation of key information are followed. Plagiarism checkers are used by the Quality assurance team and our editors just to double-check that there are no instances of plagiarism.

4. Timely Delivery: Time wasted is equivalent to a failed dedication and commitment. Eminence Papers are known for the timely delivery of any pending customer orders. Customers are well informed of the progress of their papers to ensure they keep track of what the writer is providing before the final draft is sent for grading.

5. Affordable Prices: Our prices are fairly structured to fit in all groups. Any customer willing to place their assignments with us can do so at very affordable prices. In addition, our customers enjoy regular discounts and bonuses.

6. 24/7 Customer Support: At Eminence Papers, we have put in place a team of experts who answer all customer inquiries promptly. The best part is the ever-availability of the team. Customers can make inquiries anytime.