Bài tập nhập môn TCDN english

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Giải bài tập nhập môn TCDN 2012-2013

(English)

*Bài 3:

1- Total asset turnover:

Net sales

=> Net sales = 5 * 5.000.000 = 25.000.000

A – ROS: 2%

Lợi nhuận ròng (EAT) = 500.000

B – ROA: 10%

EAT = 500.000

Total debt

=>>> Total debt = 0.2 * 5.000.000 = 1.000.000

+ Equity = Total asset – Total debt = 5.000.000 – 1.000.000 = 4.000.000

C – ROE: 12.5%

EAT = 5.000.000

2- ROE new: 3%

+ Total asset new = 6.000.000

- ROS new: 3%

EAT new

=>>> EAT new: 25.000.000 * 3% = 750.000

- ROA new: 12.5%

EAT new = 750.000

- Total debt: 0.2 * 6.000.000 = 1.200.000

- Equity: 6.000.000 – 1.200.000 = 4.800.000

- ROE new: 15.625%

750.000

*Bài 6:

1 – Number of common stock: 150.000 / 5 = 30.000

2 – EPS:

EAT – Cash preferred stock = 61.500 – 25.000 * 6%

3 – Dividend payout ratio:

DPS = 0.8

4 – ROA:

EAT = 61.500

5 – Equity: 25.000 + 150.000 + 100.000 = 275.000

- ROE:

EAT = 61.500

6 – Current ratio

Total current asset = 40.000 + 40.000 + 70.000

Total Current liabilites = 5000 + 20.000 = 6

7 – Quick ratio:

Total current asset – Inventory = (40.000 + 40.000 + 70.000) – 70.000

Total current liabilites = 5000 + 20.000 = 3.2

*Bài 1:

Receivable turnover = Net sales/ Account receivable

Equity= Net income/ROE 200/0.2 1000 Equity=Common stock+ Retained earning

Common stock =

Quick ratio=( T current asset- Inventory)/ T current liabilities

Net plan & equipment+ T current assets = Total assets

*Bài 8:

A - (1) Total Assets = Total Debt + Preffered Stock + Common Stock +

Retained Earnings

= 250000 + 100000 + 100000 + 50000

= 500000

Total assets turnover = Net Sales/Total Assets

= 1000000/500000

= 2.00

(2) Net profit margin = Net incom/ Net Sales

= 50000/1000000

= 0.05

(3) Gross Profit = Net sales -Cost of goods sold

=1000000 - 800000

= 200000

Gross Profit margin = Gross profit/Net Sales

= 200000/1000000

= 0.2

B- Inventory = Cost of goods sold/Inventory Turnover

=800000/5

= 160000

Receivable Turnover = 365/Average Collection Period

=365/36.5

= 10 Account Receivable = Net sales/Receivable Turnover

=1000000/10

= 100000

Inventory Turnover = Cost of goods sold/Inventory

==> Inventory(New)= Cost of goods sold/Inventory Turnover(New)

= 800000/10

= 80000

Average Collection Period = 365/ Receivable

==> Receivable Turnover(New)= 365/Average Collection Period(New)

= 365/18.25

= 20

Receivable Turnover= Net sales/Account Receivable

==> Account Receivable(New)= Net sales/Receivable Turnover(New)

=1000000/20

= 50000

Inventory(New) - Inventory(old) - Account Receivable(New) - Account Receivable(old)

=80000 - 160000 + 50000 - 100000

= -130000

Total Assets(New) = Total Assets - Total Assets Reduction

=500000 - (260000 - 130000)

= 370000

(ROA)= EAT/Total Assets

==> EAT= Total Assets(New)*ROA

=370000*15%

= 55500

Total Debt(New) = Total Assets(New)- (Preffered Stock + Common Stock +

Retained Earnings)

= 370000 - (100000 + 100000 + 50000)

= 120000

Total Stockholders Equity(New)= Total Assets(New) - Total Debt(New)

= 370000 - 120000

= 250000

*Bài 9:

a) Current asset turnover = Net sales / Total current assets

à Total current assets = Net sales / Current asset turnover

= 122 500 / 3.5 = $ 35 000

à Total long-term assets = Total assets – Total current assets

= 50 000 – 35 000 = $ 15 000

à Total long-term assets are 30% of total assets

b) Long-term assets turnover ratio = Net sales / Total long-term assets

= 122 500 / 15 000 = 8.17

b)

ROE = EAT / Equity = ROA r ( Total assets / Equity )

ROA = 0.1

Debt ratio = Total debt / Total assets = 0.2

à Equity / Total assets = 1 – 0.2 = 0.8

à Total assets / Equity = 1 / 0.8 = 1.25

à ROE = 0.1 r 1.25 = 0.125

*Bài 2:

1)Long term assets turnover=net sales/Total assets=4

Total asset turnover= Net sales/Total asset=2,4

=> Total assets/Long term assets=Total assets/600=4/2,4

Total assets=600*4/2,4=1000

2) Total debt/Total asset=0,6

total debt=0,6*1000=600

3) Current Ratio= Total current assets/ Total current liabilities

= 1000-600/total current liabilities=2

Total current liabilities=400/2=200

Long term debt=Total debt-total current liabilities=600-200=400

4) Quick ratio= Total current assets- Inventory/Total current liabilities=1

= 400-Inventory/200=1

5) Net sales=Long term assets turnover* Total long term assets

2400 6) ROS=EAT/net sales

EAT=5%*2400=120=Net income

7) Average collection period=365/Receivable Turnover

= 365/(net sales/AR)=15.208 Net sales/AR=365/15,208=24

AR=2400/24=100

8) Cash=Total assets-t.long term assets-AR- inventory=1000-600-200-100=100

9) Total liabilities and stock=total assets=1000

10) RE=total liabilities and stock-total debt-common stock

=1000-600-100=300

Total assets 1000 Total liabilities and Stockholders'equity 1000

*Bài 4:

Long-term assets turnover = Net sales / T Long-term assets = 3.5

Total assets turnover = Net sales/ Total assets = 2.0

=> T long term assets/ T assets = (2/ 3.5)* 100 = 57.14%

=> Current assets/ Total assets = 100% - 57.14% = 42.86%

*Bài 7:

1.Current ratio =

2.Quick ratio =

5.Total assets turnover = = = 2.76

*Bài 5:

Gross profit (25 % Net sales) $125,000

cash and marketable

account receivable $40,000

A

Average collection

period =

Cost of good sold = net sales - gross profitmargin

Inventory turnover = Cost of good sold = $375,000 = 7.5

T current asset = cash and marketable securities

+ account receivable + inventory

= $100,000 ($10,000+$40,000+$50,000)

Current ratio=

T.Current assets

=

$100,000

T.Current liabilities T.Currentliabilities

T.Current liabilities= $50,000

Quick ratio= T.Current assets - Inventory

T.Current liabilities

$50,000

B

Inventory= Cost of good sold = $375,000 = $5,000

C Average collection

period =

365

Receivable turnover Receivable turnover = 16.67

Account receivable

Account receivable = Net sales = $500,000 = $30,000