FIN 370 Week 1 Question and Problem Sets (Ch 1: Q 3,11 Ch

2: Q4,9, CH 3: Q4,7, Ch 4: Q 1,6)

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Week-1-Question-and-Problem-Sets--(Ch-1:-Q-3,11--Ch-
2:-Q4,9,-CH-3:-Q4,7,-Ch-4:-Q-1,6)
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Purpose of Assignment Complete the following Questions and
Problems (Concepts and Critical Thinking Questions for Ch. 1 Only)
from each chapter as indicated. Show all work and analysis. Prepare
in Microsoft Excel or Word. Ch. 1: Questions 3 & 11 (Concepts
Review and Critical Thinking Questions section) Ch. 2: Questions 4
& 9 (Questions and Problems section): Microsoft Excel template
provided for Problem 4. Ch. 3: Questions 4 & 7 (Question and
Problems section) Ch. 4: Questions 1 & 6 (Questions and
Problems section): Microsoft Excel template provided for
Problem 6. Format your assignment consistent with APA guidelines if
submitting in Microsoft Word. Click the Assignment Files tab to
submit your assignment. Ch. 1: Questions 3 & 11 (Concepts Review
and Critical Thinking Questions section) 3. Corporations [LO3] What
is the primary disadvantage of the corporate form of organization?
Name at least two advantages of corporate organization. 11. Goal of
the Firm [LO2] Evaluate the following statement: Managers should
not focus on the current stock value because doing so will lead to an
overemphasis on short-term profits at the expense of long-term
profits. Ch. 2: Questions 4 & 9 (Questions and Problems section):
Microsoft Excel template provided for Problem 4. Building an
Income Statement [LO1] Billys Exterminators, Inc., has sales of
$817,000, costs of $343,000, depreciation expense of $51,000,
interest expense of $38,000, and a tax rate of 35 percent. What is the
net income for this firm? 3. Dividends and Retained Earnings [LO1]
Suppose the firm in Problem 2 paid out $95,000 in cash dividends.
What is the addition to retained earnings? 4. Per-Share Earnings and
Dividends [LO1] Suppose the firm in Problem 3 had 90,000 shares of
common stock outstanding. What is the earnings per share, or EPS,
figure? What is the dividends per share figure? 9. Calculating
Additions to NWC [LO4] The 2014 balance sheet of Steelo, Inc.,
showed current assets of $4,630 and current liabilities of $2,190. The
2015 balance sheet showed current assets of $5,180 and current
liabilities of $2,830. What was the companys 2015 change in net
working capital, or NWC? Ch. 3: Questions 4 & 7 (Question and
Problems section) 4. Calculating Inventory Turnover [LO2] The
Green Corporation has ending inventory of $417,381, and cost of
goods sold for the year just ended was $4,682,715. What is the
inventory turnover? The days sales in inventory? How long on
average did a unit of inventory sit on the shelf before it was sold? 7.
DuPont Identity [LO4] If Roten Rooters, Inc., has an equity multiplier
of 1.15, total asset turnover of 2.10, and a profit margin of 6.1
percent, what is its ROE? Ch. 4: Questions 1 & 6 (Questions and
Problems section): Microsoft Excel template provided for
Problem 6. 1. Pro Forma Statements [LO1] Consider the following
simplified financial statements for the Yoo Corporation (assuming no
income taxes): 6. Calculating Internal Growth [LO3] The most recent
financial statements for Schenkel Co. are shown here: Assets and
costs are proportional to sales. Debt and equity are not. The company
maintains a constant 30 percent dividend payout ratio. What is the
internal growth rate?