Week 5 Assignment – Financial Ratios

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Week Five Exercise Assignment

Financial Ratios

1. 
Liquidity ratios. Edison, Stagg, and Thornton
have the following financial information at the close of business on July 10:

Edison

Stagg

Thornton

Cash

$6,000

$5,000

$4,000

Short-term investments

3,000

2,500

2,000

Accounts receivable

2,000

2,500

3,000

Inventory

1,000

2,500

4,000

Prepaid expenses

800

800

800

Accounts payable

200

200

200

Notes payable: short-term

3,100

3,100

3,100

Accrued payables

300

300

300

Long-term liabilities

3,800

3,800

3,800
  1. Compute the current and
    quick ratios for each of the three companies. (Round calculations to two
    decimal places.) Which firm is the most liquid? Why?

2.  Computation and evaluation of
activity ratios. The following data relate to Alaska Products, Inc:

20X5

20X4

Net
credit sales

$832,000

$760,000

Cost
of goods sold

530,000

400,000

Cash,
Dec. 31

125,000

110,000

Average
Accounts receivable

205,000

156,000

Average
Inventory

70,000

50,000

Accounts
payable, Dec. 31

115,000

108,000

Instructions

a. 
Compute the accounts receivable and inventory turnover ratios
for 20X5. Alaska rounds all calculations to two decimal places.

3. Profitability
ratios, trading on the equity. Digital Relay has both
preferred and common stock outstanding. The com­pany reported the following
information for 20X7:

Net sales

$1,750,000

Interest expense

120,000

Income tax expense

80,000

Preferred dividends

25,000

Net income

130,000

Average assets

1,200,000

Average common stockholders’
equity

500,000
  1. Compute the profit
    margin on sales ratio, the return on equity and the return on assets,
    rounding calculations to two decimal places.
  2. Does the firm have
    positive or negative financial leverage? Briefly ex­plain.

4.  Horizontal analysis. Mary Lynn Corporation has
been operating for several years. Selected data from the 20X1 and 20X2
financial statements follow.

20X2

20X1

Current Assets

$86,000

$80,000

Property, Plant, and Equipment
(net)

99,000

90,000

Intangibles

25,000

50,000

Current Liabilities

40,800

48,000

Long-Term Liabilities

153,000

160,000

Stockholders’ Equity

16,200

12,000

Net Sales

500,000

500,000

Cost of Goods Sold

322,500

350,000

Operating Expenses

93,500

85,000

a. 
Prepare a horizontal analysis for 20X1 and 20X2. Briefly comment
on the results of your work.

5.Vertical analysis. Mary Lynn Corporation has been operating for several
years. Selected data from the 20X1 and 20X2 financial statements follow.

20X2

20X1

Current Assets

  $86,000

  $80,000

Property, Plant, and Equipment (net)

99,000

80,000

Intangibles

25,000

50,000

Current Liabilities

40,800

48,000

Long-Term Liabilities

  153,000

  150,000

Stockholders’ Equity

16,200

12,000

Net Sales

  500,000

  500,000

Cost of Goods Sold

  322,500

  350,000

Operating Expenses

  93,500

85,000

a.  Prepare a vertical analysis for 20X1 and
20X2. Briefly comment on the results of your work.

6. Ratio computation. The financial statements of the Lone
Pine Company follow.

LONE PINE COMPANY

Comparative Balance Sheets

December 31, 20X2 and 20X1
($000 Omitted)

20X2

20X1

Assets

Current Assets

Cash and Short-Term Investments

$400

$600

Accounts Receivable (net)

3,000

2,400

Inventories

3,000

2,300

Total Current Assets

$6,400

$5,300

Property, Plant, and Equipment

Land

$1,700

$500

Buildings and Equipment (net)

1,500

1,000

Total Property, Plant, and Equipment

$3,200

$1,500

Total Assets

$9,600

$6,800

Liabilities and Stockholders’
Equity

Current Liabilities

Accounts Payable

$2,800

$1,700

Notes Payable

1,100

1,900

Total Current Liabilities

$3,900

$3,600

Long-Term Liabilities

Bonds Payable

4,100

2,100

Total Liabilities

$8,000

$5,700

Stockholders’ Equity

Common Stock

$200

$200

Retained Earnings

1,400

900

Total Stockholders’ Equity

$1,600

$1,100

 
Total Liabilities and Stockholders’ Equity

$9,600

$6,800

LONE PINE COMPANY

Statement of Income and
Retained Earnings

For the Year Ending December
31,20X2 ($000 Omitted)

Net Sales*

$36,000

Less: Cost of Goods Sold

$20,000

Selling Expense

6,000

Administrative Expense

4,000

Interest Expense

400

Income Tax Expense

2,000

32,400

Net Income

$3,600

Retained Earnings, Jan. 1

  900

Ending Retained Earnings

$4,500

Cash Dividends Declared and Paid

  3,100

Retained Earnings, Dec. 31

$1,400

*All sales are on account.

Instructions

Compute the following items
for Lone Pine Company for 20X2, rounding all calcu­lations to two decimal
places when necessary:

a. Quick ratio

b. Current ratio

c. Inventory-turnover ratio

d.
Accounts-receivable-turnover ratio

e. Return-on-assets ratio

f. Net-profit-margin ratio

g.
Return-on-common-stockholders’ equity

h. Debt-to-total assets

i. Number of times that
interest is earned

Week_Five_Exercise_Assignment_B.docx 

Business Law Jury

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The Case of the Director Who Wore Too Many Hats

Maria is one of 5 directors of Beta Investments Corporation. She is also a majority shareholder holding both common and preferred stock. Her stock with voting rights amounts to 47% of all stock issued with voting rights.

Maria buys, for $1,500, an option to purchase a tract of real estate called Blackacre, which is next to Beta’s home office, for $50,000. Maria forms a new corporation, Commercial Property, Inc., to hold the option. She then has Commercial Property buy Blackacre. As a director of Beta, Maria orders Beta to authorize its real estate agent to negotiate the purchase of the land from Commercial Property for $100,000. After a successful negotiation for the purchase of Blackacre for $100,000, Maria has Commercial Property sell it to Beta, and loan the money to Beta for the purchase price at a 5% interest rate which is 2% below the market rate. Lakesha, a minority shareholder in Beta, formally complains to Beta’s board which takes no action.

The Trial

Lakesha files a suit against Maria on Beta’s behalf seeking to cancel the sale. Maria asks the Court to dismiss the lawsuit as Lakesha has no standing to bring the lawsuit.

Arguments At Trial

Maria’s attorney argues that Blackacre is necessary for Beta as it will allow them to expand their offices and production plant thus increasing the net worth and potential profits to the shareholders. Further, the Board of Directors of Beta authorized the purchase which appeared to be in accordance with the Articles of Incorporation.

Lakesha’s attorney argues that the purchase of Blackacre should have been put to a vote of the shareholders of Beta as required by Beta’s Bylaws. Beta’s Board of Directors failed in its duty to make sure this sale was in the corporation’s best interest.

Questions to Decide

  1. What kind of suit will Lakesha file and what is its basis?
  2. Who are the Plaintiffs and who are the Defendants? Why?
  3. What are the defenses, if any, of Beta or Maria?
  4. Who will win the case and why?

Ecom500 – Business and IT

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Improving Data Governance – 100 points

Effective information management and data governance are invaluable to an organization. For this assignment, first explain the concept of data governance and its importance within an organization. Then, identify two organizations that have benefited from implementing a technology that improved their data governance. These organizations may be ones you have personal experience with or that you have identified and studied through research. Briefly describe both organizations and then answer the following questions for each:

  1. What technology did they implement?
  2. Why did they choose that technology?
  3. What business factors were evaluated prior to implementation?
  4. What information deficiencies existed prior to implementation?
  5. What benefits were gained after implementing the technology?
  6. Do the benefits associated with the technology outweigh the costs?

Your well-written report should be 4-5 pages in length, not including the cover and reference pages. Use Saudi Electronic University academic writing standards and APA style guidelines, citing at least two references in support of your work, in addition to your text and assigned readings. Review the grading rubric to see how you will be graded for this assignment.

Prespective paper

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For this assignment, you will be asked to write a 3-full page paper, in the form of a Diary Entry, from the perspective of someone of a Race different than your own. This means that if you are of African-American descent, pick someone who is either Muslim, White, Latin (etc.), assume their “Racial Mentality” and “Ethnic Identity,” then answer the questions listed below. Remember this is a “Diary Entry,” so please provide personal feelings and thoughts, in the viewpoint of the race you are assuming.

If you are assuming a characteristic of someone who’s viewpoints are vastly different from your own, I encourage you to be as true to your characteristic as possible, but to also provide a paragraph at the end of your paper explaining your own personal viewpoints. I understand it can be frustrating expressing “extremely bigoted viewpoints,” (which can come about if you are assuming ideas/thoughts from the Alt-Right group) therefore I encourage you to freely express yourself at the end of your paper, so that you are not bottling up unneeded frustration about this assignment.

Assignment Questions

  1. What will come up for you when confronted with daily events that target your group? (i.e.: someone being shot, deported, denied access to middle-class housing neighborhoods, etc.)
  2. How is your community reacting to your presence? (i.e.: staring, commenting, spitting, etc.)
  3. Listed below are specific governmental policies/social reform groups that are currently impacting multiple racial/ethnic groups around the country. Indicate how one (or more) event impact(s) your daily life.

Current Governmental Policies/Social Reform Groups and Their Impact on Specific Groups

  1. (Muslims/Latinx/etc.) Wall on the US/Mexico Border: one of the biggest topics in politics currently.
  2. (African Americans) Black Lives Matter: the perception that African-Americans are indiscriminately being shot by police.
  3. (White Americans) Alt-Right: the perception that White Privilege is being infringed upon and need to be protected.

You will have 2 short essay questions to answer, worth 5 points each. You should answer in 3 or 4 paragraphs.

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You will have 2 short essay questions to answer, worth 5 points each. You should answer in 3 or 4 paragraphs. You will need to do research in order to answer these questions. Make sure your sources are reliable and not just the first thing that shows up in google searches. Turn it in as been turned on. Plagiarism scores of over 20 will be red flagged. If there’s a problem I may ask you to do it over again. If there’s a big problem, I just won’t accept it and you will get a 0.

In two to four paragraphs each, write on the following：

  1. Is it constitutional for the U.S. government to outlaw the recreational and/or medicinal sales of marijuana in the state of California?
  2. Describe the initiative process in the state of California. Using one recent historical example (1990 – present), analyze its impact on California public policy. Has it worked out well or not?

s Attention Deficit Hyperactivity Disorders, psychology homework help

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(APA). In a 2-3 page paper, determine the DSM-5 diagnosis and identify relevant treatment goals.

Kevin is a 21 year old single Caucasian male. He reports having difficulty holding down a job and finishing his last two college classes due his Adderall use. Kevin stated that he was prescribed Adderall when he was a sophomore in high school in order to treat his Attention Deficit Hyperactivity Disorder. Since starting college, he admitted that takes more Adderall than is prescribed. Kevin says that when he takes Adderall, he is more fun and people “like him better”. He feels nervous in social situations when he doesn’t take any Adderall. He stated that he is usually late to his part-time job on Mondays because he was still “coming down” from the weekend and needs to get sleep. Kevin said that he will buy Adderall from people on campus when he runs out of his prescription and has skipped classes in order to meet the person from whom he buying the pills. He is currently on academic probation. He said that buying the pills is becoming more expensive because he needs to take more pills than he used to in order to “feel good”. Kevin stated that he has tried to “self-wean” off of the pills but has not been successful for more than about 2 weeks. When asked why he has not been successful in abstaining, Kevin reported that he feels extremely depressed and has very little energy and sleeps “all of the time” to the point that he skips class and calls into work for several days.

1. Determine DSM-5 diagnosis

2. What information in the case study indicates that Kevin experiences withdrawal symptoms?

3. What information in the case study indicates that Kevin has developed tolerance.

4. As Kevin’s clinician, determine one long-term treatment goal that would assist in improving his level of functioning. Keep in mind that long-term goals should be attainable in a 6-12 month period.

5. As Kevin’s clinician, determine one short-term goal to improve his level of functioning. Keep in mind that a short-term goal should be attainable in 3-6 month period

Financial Statement Restatement and Ethics

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Search the Internet or Strayer databases for a company with a financial restatement from within the last 12 months. Use the research you conducted to complete Assignment 1 according to the instructions below.

Write a three to four (3-4) page paper in which you:

  1. Evaluate the contributing factors to the financial statement restatement. Explain how management could have avoided the issue and restatement.
  2. Assess the impact of the restatement on the company’s stock price by comparing the stock price immediately before the announcement of the restatement and immediately after the restatement announcement. Explain whether the change in stock price was justified. Support your position.
  3. Explain management’s role in the restatement, including any potential ethical violations based on the requirements of the Sarbanes-Oxley Act. Offer suggestions to management to assist them in avoiding similar problems in the future. Provide support for your recommendations.
  4. Use at least two (2) quality academic resources in this assignment. Note: Wikipedia and similar websites do not qualify as academic resources. You have access to Strayer University’s Online Library at https://research.strayer.edu and the iCampus University Library Research page at https://icampus.strayer.edu/library/research.

Your assignment must follow these formatting requirements:

  • Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
  • Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

The specific course learning outcomes associated with this assignment are:

  • Evaluate the role of asset valuations, liability valuations, and cash flow activities in assessing the quality of earnings.
  • Assess the framework and reporting requirements of the Securities and Exchange Commission (SEC), U.S. Generally Accepted Accounting Principles (GAAP), International Financial Reporting Standards (IFRS), and the Sarbanes-Oxley Act for publicly traded companies.

Introducing of families

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1. View the video clip, “How do you incorporate parents into the school family.” A.In your own words, describe your understanding of “Family as a Socializing Agent.” Reference to the video in your response.

2. View the video clips on Media and Technology, “Why It Is Important to Set Limits on Media for Kids.” Following, read the article, “Ten Reasons Why Hand-Held Devices Should be Banned” by Waldorf Education. A.In brief, provide your own personal opinion regarding this topic? B. How could you relay this information to parents in a positive and non-offensive way? Note: Thousands of children are showing up to school every day exhausted from late-night video games and social media.

3. A. Define the following terms and provide an example for each: Prejudice, Classism, Racism, Stereotypes, and Bias.

4. View the video clips on “The Story of Ruby Bridges.” In addition, read the PowerPoint, “The History of Ruby Bridges.” Describe your reaction to Ruby’s story and your views on discrimination in terms of school attendance, fair and just treatment, and education as a whole. PowerPoint, Supplemental Content, Children, and Prejudice, or… If you have studied “Ruby Bridges in HDFS 232 Diversity, research the August 12, 2017 “Unite the Right” White Supremacist rally in Charlottesville, Virginia. Express your views by answering the following. Does racism and bigotry trickle down to our children?

5. Provide 3 ways that you can prevent prejudice behaviors from emerging in your present or future classrooms. PowerPoint, Supplemental Content, Children, and Prejudice.