# FIN 534 Week 2 Homework set #1

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FIN 534 Week 2 Homework set #1

FIN 534 – Homework Set #1

© 2014 Strayer University. All Rights Reserved. This document contains Strayer University Confidential and Proprietary information and may not be copied, further distributed, or otherwise disclosed in whole or in part, without the expressed written permission of Strayer University. FIN 534 Homework Set #1 Page 1 of 4

Directions: Answer the following questions on a separate document. Explain how you reached the answer or show your work if a mathematical calculation is needed, or both. Submit your assignment using the assignment link in the course shell. This homework assignment is worth 100 points.

Use the following information for Questions 1 through 8:

Assume that you recently graduated and have just reported to work as an investment advisor at the one of the firms on Wall Street. You have been presented and asked to review the following Income Statement and Balance Sheets of one of the firm’s clients. Your boss has developed the following set of questions you must answer.

 Income Statements and Balance Sheet Balance Sheet 2012 2013 Cash \$9,000 \$7,282 Short-term investments 48,600 20,000 Accounts receivable 351,200 632,160 Inventories 715,200 1,287,360 Total current assets \$1,124,000 \$1,946,802 Gross fixed assets 491,000 1,202,950 Less: Accumulated depreciation 146,200 263,160 Net fixed assets \$344,800 \$939,790 Total assets \$1,468,800 \$2,886,592 Liabilities and Equity Accounts payable \$145,600 \$324,000 Notes payable 200,000 720,000 Accruals 136,000 284,960 Total current liabilities \$481,600 \$1,328,960 Long-term debt 323,432 1,000,000 Common stock (100,000 shares) 460,000 460,000 Retained earnings 203,768 97,632 Total equity \$663,768 \$557,632 Total liabilities and equity \$1,468,800 \$2,886,592

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