Rizq Aly Afif

1181002057

Problem 1.2
Year to year cohorn company income statement
2001 2000 %
Sales 1.010 828 121,98%
COGS 610 486 125,51%
Gross Profit 400 342 116,95%
Operating exp 154 128 120,31%
Net income 246 214 114,95%

200
2 2001 %
108
Sales 6 1.010 107,52%
COGS 652 610 106,88%
Gross Profit 434 400 108,5%
Operating exp 156 154 101,29%
Net income 278 246 113,008%

2003 2002 %
107,182
Sales 1164 1086 %
COGS 702 652 107,66%
Gross Profit 462 434 106,45%
Operating exp 180 156 115,38%
Net income 283 278 101,79%

200
4 2003 %
127
Sales 0 1164 109,10%
COGS 802 702 114,24%
Gross Profit 468 462 101,29%
Operating exp 244 180 135,55%
Net income 224 283 79,15%

2005 2004 %
Sales 1396 1270 109,92%
COGS 932 802 116,20%
Gross Profit 464 468 99,14%
Operating exp 266 244 109,01%
Net income 198 224 88,39%

2006 2005 %
Sales 1594 1396 114,18%
COGS 1146 932 122,96%
Gross Profit 448 464 96,55%
Operating exp 340 266 127,81%
Net income 108 198 54,54%

Year to year cohorn company balance sheets

2001 2000 %
Assets
cash 96 99 96,96%
141,74
Ar 292 206 %
137,86
Merchandise 710 515 %
Other current assets 38 19 200%
Long term investment 136 136 100%
116,36
plant and equipment 960 825 %
Total assets 2322 1800 129%

Liabilities and equity

155,14
Current liabilities 422 272 %
133,33
Long term liabilitites 520 390 %
CS 640 640 100%
Other contributed capital 160 160 100%
144,97
RE 490 338 %
Total liabilites and equity 2232 1800 124%

2002 2001 %
Assets
102,08
cash 98 96 %
105,47
Ar 308 292 %
117,74
Merchandise 836 710 %
Other current assets 38 38 100%
Long term investment 136 136 100%
plant and equipment 1078 960 112,29
 %
107,40
Total assets 2494 2322 %

Liabilities and equity

105,68
Current liabilities 446 422 %
Long term liabilitites 480 520 92,30%
131,25
CS 840 640 %
Other contributed
capital 180 160 112,5%
111,83
RE 548 490 %
Total liabilites and 111,73
equity 2494 2232 %

2003 2002 %
Assets
cash 94 98 95,91%
113,63
Ar 350 308 %
111,48
Merchandise 932 836 %
115,78
Other current assets 44 38 %
Long term investment 136 136 100%
plant and equipment 1044 1078 96,84%
104,25
Total assets 2600 2494 %

Liabilities and equity

115,24
Current liabilities 514 446 %
Long term liabilitites 470 480 97,91%
CS 840 840 100%
Other contributed
capital 180 180 100%
108,75
RE 596 548 %
Total liabilites and 104,25
equity 2600 2494 %

2004 2003 %
Assets
cash 92 94 97,87%
130,28
Ar 456 350 %
118,45
Merchandise 1104 932 %
Other current assets 24 44 54,54%
Long term investment 0 136 0
177,39
plant and equipment 1852 1044 %
135,69
Total assets 3528 2600 %

Liabilities and equity

120,23
Current liabilities 618 514 %
215,31
Long term liabilitites 1012 470 %
119,04
CS 1000 840 %
Other contributed 138,88
capital 250 180 %
108,72
RE 648 596 %
Total liabilites and 135,69
equity 3528 2600 %

2005 2004 %
Assets
95,652
cash 88 92 %
110,52
Ar 504 456 %
114,49
Merchandise 1264 1104 %
Other current assets 42 24 175%
Long term investment 0 0
114,14
plant and equipment 2114 1852 %
113,71
Total assets 4012 3528 %

Liabilities and equity

152,42
Current liabilities 942 618 %
102,76
Long term liabilitites 1040 1012 %
CS 1000 1000 100%
Other contributed
capital 250 250 100%
120,37
RE 780 648 %
Total liabilites and 113,71
equity 4012 3528 %

2006 2005 %
 Assets
cash 68 88 77,27%
Ar 480 504 95,23%
Merchandise 1738 1264 137,5%
109,52
Other current assets 46 42 %
Long term investment 0 0
100,28
plant and equipment 2120 2114 %
110,96
Total assets 4452 4012 %

Liabilities and equity

118,89
Current liabilities 1120 942 %
114,80
Long term liabilitites 1194 1040 %
CS 1000 1000 100%
Other contributed
capital 250 250 100%
113,84
RE 888 780 %
Total liabilites and 110,96
equity 4452 4012 %

Exercise 1-3
$ 30,800+ 88,500+111.500+ 9.700
A. Current ratio = 2006 = =1.9
$ 128,900

$ 3 5 , 625+62 , 500+ 82.500+ 9.375

Current ratio = 2005 = =2.5
$ 75.250

$ 3 6 , 800+ 49.2 00+ 53.0 00+4.000

Current ratio = 2004 = =2.9
$ 40.250

$ 30,800+ 88,500
B. Acid test ratio = 2006 = =0.9
$ 128,900
$ 35,625+ 62,500
Acid test ratio = 2005 = =21.3
$ 75.250
$ 36,800+ 49.200
Acid test ratio = 2004 = =1.7
$ 40.250

Exercise 1-5
$ 88.500
A. Days sales receiveable = 2006 = x 360 = 47
$ 672.500
 $ 62.500
Days sales receiveable = 2005 = x 360 = 42
$ 530.000

$ 672 .500
B. Account receiveable turnover = 2006 = = 8.9
($ 88 .500+62.500)/2
$ 530.000
Account receiveable turnover = 2005 = = 9.5
(62.500+ 49.200)/2

$ 410.225
C. Inventory Turnover = 2006 = = 4.2
($ 111.500+82 .500)/2

$ 344.500
Inventory Turnover = 2005 = = 5.1
($ 53.000+82.500)/2

$ 111.500
D. Day’s sales in inventory = 2006 = x 360= 98
410.225

$ 82.500
Day’s sales in inventory = 2005= x 360 = 86
344.500

Exercise 1-6
A. Total debt ratio =
Total liabilities 2005 ($75.250+102.500) = 177.750 (39.9%)
Total liabilities 2006 ($128.900+97.500) = 226.400 (43.7%)

Total Equity 2005 ($162.500+104.750) = 267.250 (60.1%)

Total Equity 2006 ($162.500+129.100) = 291.600 (56.3%)

Total Liabilities and equity 2005 = 177.750 + 267.250 = 518.000 (100%)

Total Liabilities and equity 2006 = 226.400 + 291.600 = 445.000 (100%)

($ 34.100+8.525+11.100)
B. Times Interest earned = 2006 = = 4.8
11.100

(31.375+7.845+12.300)
Times Interest earned = 2005 = = 4.2
1 2.300

Exercise 1-7
$ 34.100
A. Net profit margin = 2006 = x 100=5.1%
672.500
 $ 3 1 .375
Net profit margin = 2005 = x 100=5. 9 %
530.000
$ 672.500
B. Total Asset turnover = 2006 = = 1.4
($ 5 18.000+ 445 . 0 00)/2

$ 530.000
Total Asset turnover = 2005 = = 1.3
($ 372.500+445.000)/2

C. Return on total asset

$ 34.100
2006 = x 100%= 7.1%
($ 518.000+445.000)/2

$ 31.375
2005 = x 100%= 7.7%
($ 372.500+445.000)/2