Based on the following information answer question 1&3 Sales Revenue 1940 Share

Question

Based on the following information answer question 1&3

Sales Revenue

      1940

Share repurchases

200

Net Income

          291

decrease in long-term debt

100

depreciation

          25

dividend paid

30% of NI

decrease in accounts receivable

            10

purchase of equipment

75

increase in inventory

            40

Cash beginning of period

307

decrease in accounts payable

30

COGS

776

Calculate The change in cash (CFO + CFI+CFF)

256.30

(387.30)

(206.30)

307.30

Calculate cash at the end of the period

563.30

(87.30)

100.7

614.60

Calculate the Gross Profit Margin

9%

15%

40%

60%

Sales Revenue

      1940

Share repurchases

200

Net Income

          291

decrease in long-term debt

100

depreciation

          25

dividend paid

30% of NI

decrease in accounts receivable

            10

purchase of equipment

75

increase in inventory

            40

Cash beginning of period

307

decrease in accounts payable

30

COGS

776

Explanation / Answer

Change in Cash- 100.7-307=$ (206.3)

Cash at the end of the period= $100.7

Gross profit Margin=( Gross Profit/Net Sales)*100

Gross Profit = 1940-776= 1164

Gross profit Margin = (1164/1940)*100= 6%

Net Income 291 Depreciation 25 316 decrease in accounts payable -30 increase in inventory -40 decrease in accounts receivable 10 256 purchase of equipment -75 181 Share repurchases -200 decrease in long-term debt -100 dividend paid -87.3 -206.3 Cash beginning of period 307 Cash at the end 100.7

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