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A16228 Mr_TuN Giải bài tập nhập môn TCDN 2012-2013 (English) *Bài 3: 1- Total asset turnover: Net sales Total asset = 5 => Net sales = 5 * 5.000.000 = 25.000.000 A – ROS: 2% Lợi nhuận ròng (EAT) = 500.000 Net sales = 25.000.000 = 2% B – ROA: 10% EAT = 500.000 Total asset = 5.000.000 = 10% Total debt Total asset = 0.2 =>>> Total debt = 0.2 * 5.000.000 = 1.000.000 + Equity = Total asset – Total debt = 5.000.000 – 1.000.000 = 4.000.000 C – ROE: 12.5% EAT = 5.000.000 Equity = 4.000.000 = 12.5% 1 | P a g e A16228 Mr_TuN 2- ROE new: 3% + Total asset new = 6.000.000 - ROS new: 3% EAT new Net sales = 3% =>>> EAT new: 25.000.000 * 3% = 750.000 - ROA new: 12.5% EAT new = 750.000 Total asset new = 6.000.000 = 12.5% - Total debt: 0.2 * 6.000.000 = 1.200.000 - Equity: 6.000.000 – 1.200.000 = 4.800.000 - ROE new: 15.625% 750.000 4.800.000 = 15.625% *Bài 6: 1 – Number of common stock: 150.000 / 5 = 30.000 2 – EPS: 2 | P a g e A16228 Mr_TuN EAT – Cash preferred stock = 61.500 – 25.000 * 6% Number of common stock = 30.000 = 2 3 – Dividend payout ratio: DPS = 0.8 EPS = 2 = 0.4 4 – ROA: EAT = 61.500 Total asset = 375.000 = 16.4 % 5 – Equity: 25.000 + 150.000 + 100.000 = 275.000 - ROE: EAT = 61.500 Equity = 275.000 = 22.36% 6 – Current ratio Total current asset = 40.000 + 40.000 + 70.000 Total Current liabilites = 5000 + 20.000 = 6 7 – Quick ratio: 3 | P a g e A16228 Mr_TuN Total current asset – Inventory = (40.000 + 40.000 + 70.000) – 70.000 Total current liabilites = 5000 + 20.000 = 3.2 *Bài 1: Receivable turnover = 365/ Collection period 365/10 36.5 Receivable turnover = Net sales/ Account receivable Suy ra: Net sales 500*36.5 18250 Total assets= Net income/ ROA 200/0.08 2500 4 | P a g e A16228 Mr_TuN Equity= Net income/ROE 200/0.2 1000 Equity=Common stock+ Retained earning Common stock = 1000- 300 700 Total libilities and stockholder's equity= total asset 2500 Total libilities 2500-1000 1500 Long- term debt= Total liabilities - Current liabilities 1500-400 1100 Cost of good sold= Net sales- gross margin 18250- 0.2* 18250 14600 Inventory= Cost of good sold/ Inventory turnover 14600/29.2 500 Quick ratio=( T. current asset- Inventory)/ T. current liabilities T. current asset 400*2+500 1300 Net plan & equipment+ T. current assets = Total assets Net plan & equipment 2500-1300 1200 Cash 2500-1200-500-500 300 Cash 300 Account receivable 500 Inventory 500 Net plan & equipment 1200 Total assets 2500 Current liabilities 400 Long- term debt 1100 Common stock 700 Retained earning 300 Total libilities and stockholder's equity 2500 *Bài 8: A - (1) Total Assets = Total Debt + Preffered Stock + Common Stock + Retained Earnings = 250000 + 100000 + 100000 + 50000 = 500000 Total assets turnover = Net Sales/Total Assets = 1000000/500000 = 2.00 5 | P a g e A16228 Mr_TuN (2) Net profit margin = Net incom/ Net Sales = 50000/1000000 = 0.05 (3) Gross Profit = Net sales -Cost of goods sold =1000000 - 800000 = 200000 Gross Profit margin = Gross profit/Net Sales = 200000/1000000 = 0.2 B- Inventory = Cost of goods sold/Inventory Turnover =800000/5 = 160000 Receivable Turnover = 365/Average Collection Period =365/36.5 = 10 Account Receivable = Net sales/Receivable Turnover =1000000/10 = 100000 Inventory Turnover = Cost of goods sold/Inventory ==> Inventory(New)= Cost of goods sold/Inventory Turnover(New) = 800000/10 = 80000 Average Collection Period = 365/ Receivable ==> Receivable Turnover(New)= 365/Average Collection Period(New) = 365/18.25 = 20 Receivable Turnover= Net sales/Account Receivable 6 | P a g e A16228 Mr_TuN ==> Account Receivable(New)= Net sales/Receivable Turnover(New) =1000000/20 = 50000 Inventory(New) - Inventory(old) - Account Receivable(New) - Account Receivable(old) =80000 - 160000 + 50000 - 100000 = -130000 Total Assets(New) = Total Assets - Total Assets Reduction =500000 - (260000 - 130000) = 370000 (ROA)= EAT/Total Assets ==> EAT= Total Assets(New)*ROA =370000*15% = 55500 Total Debt(New) = Total Assets(New)- (Preffered Stock + Common Stock + Retained Earnings) = 370000 - (100000 + 100000 + 50000) = 120000 Total Stockholders Equity(New)= Total Assets(New) - Total Debt(New) = 370000 - 120000 = 250000 *Bài 9: a) Current asset turnover = Net sales / Total current assets à Total current assets = Net sales / Current asset turnover = 122 500 / 3.5 = $ 35 000 7 | P a g e A16228 Mr_TuN à Total long-term assets = Total assets – Total current assets = 50 000 – 35 000 = $ 15 000 à Total long-term assets are 30% of total assets. b) Long-term assets turnover ratio = Net sales / Total long-term assets = 122 500 / 15 000 = 8.17 b) ROE = EAT / Equity = ROA r ( Total assets / Equity ) ROA = 0.1 Debt ratio = Total debt / Total assets = 0.2 à Equity / Total assets = 1 – 0.2 = 0.8 à Total assets / Equity = 1 / 0.8 = 1.25 à ROE = 0.1 r 1.25 = 0.125 *Bài 2: 1)Long term assets turnover=net sales/Total assets=4 Total asset turnover= Net sales/Total asset=2,4 => Total assets/Long term assets=Total assets/600=4/2,4 Total assets=600*4/2,4=1000 2) Total debt/Total asset=0,6 total debt=0,6*1000=600 3) Current Ratio= Total current assets/ Total current liabilities = 1000-600/total current liabilities=2 Total current liabilities=400/2=200 Long term debt=Total debt-total current liabilities=600-200=400 4) Quick ratio= Total current assets- Inventory/Total current liabilities=1 = 400-Inventory/200=1 8 | P a g e A16228 Mr_TuN Inventory=400-200=200 5) Net sales=Long term assets turnover* Total long term assets 2400 6) ROS=EAT/net sales EAT=5%*2400=120=Net income 7) Average collection period=365/Receivable Turnover = 365/(net sales/AR)=15.208 Net sales/AR=365/15,208=24 AR=2400/24=100 8) Cash=Total assets-t.long term assets-AR- inventory=1000-600-200-100=100 9) Total liabilities and stock=total assets=1000 10) RE=total liabilities and stock-total debt-common stock =1000-600-100=300 Cash 100 Current liabilities 200 AR 100 Long term debt 400 Inventory 200 Common stock 100 Net plant and equips 600 RE 300 Total assets 1000 Total liabilities and Stockholders' equity 1000 Sales 2400 Net income 120 *Bài 4: Long-term assets turnover = Net sales / T. Long-term assets = 3.5 Total assets turnover = Net sales/ Total assets = 2.0 => T. long term assets/ T. assets = (2/ 3.5)* 100 = 57.14% => Current assets/ Total assets = 100% - 57.14% = 42.86% *Bài 7: 9 | P a g e A16228 Mr_TuN 1.Current ratio = = = 4.5 2.Quick ratio = = = 1.875 3.Total debt to total assets = = = 0.41 4.Net profit margin = = = 0.10125 10 | P a g e . A16228 Mr_TuN Giải bài tập nhập môn TCDN 2012-2013 (English) *Bài 3: 1- Total asset turnover: Net sales Total asset. 6.000.000 – 1.200.000 = 4.800.000 - ROE new: 15.625% 750.000 4.800.000 = 15.625% *Bài 6: 1 – Number of common stock: 150.000 / 5 = 30.000 2 – EPS: 2 | P a g e