财务报表分析第10章习题答案汇编.docx
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财务报表分析第10章习题答案汇编
附件
（二）：
据调查，大学生对此类消费的态度是：
手工艺制品消费比“负债”消费更得人心。
功能性手工艺品。
不同的玉石具有不同的功效，比如石榴石可以促进血液循环，改善风湿和关节炎；白水晶则可以增强记忆力；茶晶能够帮助镇定情绪，缓解失眠、头昏等症状。
顾客可以根据自己的需要和喜好自行搭配，每一件都独一无二、与众不同。
（二）创业优势分析
5、你认为一件DIY手工艺制品在什么价位可以接受？
在上海，随着轨道交通的发展，地铁商铺应运而生，并且在重要商圈已经形成一定的气候，投资经营地铁商铺逐渐为一大热门。
在人民广场地下的迪美购物中心，有一家DIY自制饰品店--“碧芝自制饰品店”
2．www。
cer。
net/artide/2003082213089728。
shtml。
10、如果学校开设一家DIY手工艺制品店，你希望＿＿＿＿＿
（5）资金问题
（二）DIY手工艺品的“热卖化”Chapter10
StatementofCashFlows
PROBLEMS
PROBLEM10-1
CashFlowsClassification
EffectonCash
_________Data___________
Operating
Activity
Investing
Activity
Financing
Activity
Increase
Decrease
Non-cash
Trans-
action
a.NetLoss
b.Increaseininventory
c.Decreaseinreceivables
d.Increaseinprepaid
insurance
e.Issuanceofcommon
stock
f.Acquisitionofland
usingnotespayable
g.Purchaseofland
usingcash
h.Paidcashdividend
i.Paymentofincome
taxes
j.Retirementofbonds
usingcash
k.Saleofequipmentfor
cash
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
PROBLEM10-2
CashFlowsClassification
EffectonCash
Data
Operating
Activity
Investing
Activity
Financing
Activity
Increase
Decrease
Non-cash
Trans-
action
a.Netincome
b.Paidcashdividend
c.Increaseinreceivables
d.Retirementofdebt,
payingcash
e.Purchaseoftreasury
stock
f.Purchaseofequipment
g.Saleofequipment
h.Decreaseininventory
i.Acquisitionofland
usingcommonstock
j.Retiredbondsusing
commonstock
k.Decreaseinaccounts
payable
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
PROBLEM10-3
a.BBBCompany
StatementofCashFlows
FortheYearEndedDecember31,2005
Cashflowsfromoperatingactivities:
Netincome$500
Noncashexpenses,revenues,losses,and
gainsincludedinincome:
Depreciation$2,800
Gainonsaleofland（800）
Decreaseinaccountsreceivable400
Decreaseininventory500
Increaseinaccountspayable800
Increaseinwagespayable50
Decreaseintaxespayable（1,000）2,750
Netcashflowfromoperatingactivities3,250
Cashflowsfrominvestingactivities:
Landwassoldfor1,800
Equipmentwaspurchasedfor（3,500）
Netcashusedforinvestingactivities（1,700）
Cashflowsfromfinancingactivities:
Dividendsdeclaredandpaid（4,350）
Commonstockwassoldfor3,800
Netcashusedforfinancingactivities（550）
Netincreaseincashandmarketablesecurities$1,000
b.Netcashflowfromoperatingactivitieswassubstantiallymorethanthenetincome.Cashdividendsweregreaterthanthenetcashflowfromoperatingactivities.
Thecashfromissuingthecommonstockwassufficienttocoverthenetcashusedforinvestingactivities,increasethecashandmarketablesecuritiesaccounts,andpartiallycoverthelargecashdividend.
Thefactthatalong-termsourceoffunds（commonstock）wasusedtocoverpartofthecashdividendsisanegativeobservation.Thelargecashdividendinrelationtonetcashflowfromoperatingactivitieswouldalsobeconsideredanegativesituation.
PROBLEM10-4
FrishCompany
a.ScheduleofChangeFromAccrualTo
CashBasisIncomeStatement
AccrualBasisAdjustmentsAdd（Subtract）CashBasis
Netsales$640,000Increaseinaccounts
receivable（$27,000）$613,000
Lessexpenses:
Costofgoods
sold360,000Increaseinaccounts
payable（15,000）
Increaseininven-
tories35,000
Depreciationexpense（15,000）365,000
Sellingand
administrative
expense43,000Decreaseinprepaid
expenses（1,000）
Increaseinaccrued
liabilities（3,000）
Depreciationexpense（5,000）34,000
Otherexpense2,000Amortizationof
goodwill（3,000）
Amortizationofbond
premium1,000-0-
Incomebefore_______
income
taxes235,000214,000
Incometax92,000Decreaseinincome
taxespayable10,000102,000
Netincome$143,000$112,000
b.
（1）DirectApproach
Receiptsfromcustomers$613,000
Paymentstosuppliers（365,000）
Sellingandadministrativeexpenses（34,000）
Incometaxespaid（102,000）
Cashflowsfromoperatingactivities$112,000
（2）IndirectApproach
Netincome$143,000
Add（deduct）itemsnotaffectingcash
Depreciation20,000
Amortizationofgoodwill3,000
Amortizationofbondpremium（1,000）
Increaseinaccountsreceivable（27,000）
Increaseinaccountspayable15,000
Increaseininventories（35,000）
Decreaseinprepaidexpenses1,000
Increaseinaccruedliabilities3,000
Decreaseinincometaxespayable（10,000）
Cashflowfromoperatingactivities$112,00
PROBLEM10-5
a.TheincomestatementandotherselecteddatafortheBoyerCompanyisshownbelow.
BoyerCompany
ScheduleofChangeFromAccrualTo
CashBasisIncomeStatement
AccrualBasis
Adjustments
Add
（Subtract）
Cash
Basis
Sales
$19,000
Increaseinreceivables
（400）
$18,600
Lessoperatingexpenses:
Depreciation
2,300
Depreciationexpense
（2,300）
-0-
Otheroperatingexpenses
12,000
Increaseininventories
Increaseinaccounts
payable
800
（500）
12,300
Operatingincome
4,700
6,300
Lossonsaleofland
1,500
Lossonsaleofland
（1,500）
__-0-
Incomebeforetax
expense
3,200
6,300
Taxexpense
1,000
Decreaseinincome
taxespayable
400
1,400
Netincome
$2,200
$4,900
b.
（1）DirectApproach
Receiptsfromcustomers$18,600
Paymentstosuppliers（12,300）
Incometaxespaid（1,400）
Cashflowfromoperatingactivities$4,900
（2）IndirectApproach
Netincome$2,200
Add（deduct）itemsnot
affectingcash:
Depreciation$2,300
Increaseinreceivables（400）
Increaseininventories（800）
Increaseinaccountspayable500
Lossonsaleofland1,500
Decreaseinincometaxespayable（400）2,700
Cashflowfromoperatingactivities$4,900
PROBLEM10-6
a.SampsonCompany
StatementofCashFlows
FortheYearEndedDecember31,2005
Netcashflowfromoperatingactivities:
Netincome$19,000
Noncashexpenses,revenues,losses,and
gainsincludedinincome:
Depreciationexpense$10,000
Increaseinnetreceivables（7,000）
Increaseininventory（13,000）
Increaseinaccountspayable5,000
Decreaseinaccruedliabilities（17,000）
Netcashoutflowfromoperating
activities（3,000）
Cashflowsfrominvestingactivities:
Plantassetsincrease（15,000）
Cashflowsfromfinancingactivities:
Mortgagepayableincrease$11,000
Commonstockincrease6,000
Dividendspaid（21,000）
Netcashflowsfromfinancing
activities$（4,000）
Netdecreaseincash$（22,000）
b.SampsonCompany
StatementofCashFlows
FortheYearEndedDecember31,2005
Cashflowfromcustomers$138,000
（$145,000-$7,000）
Cashpaymentstosuppliers（123,000）
（$108,000-$10,000+$13,000-$5,000+
$17,000）
Cashoutflowforotherexpenses（6,000）
Taxpayments（12,000）
Netcashoutflowfromoperatingactivities（$3,000）
Cashflowsfrominvestingactivities:
Plantassetsincrease（15,000）
Cashflowsfromfinancingactivities:
Mortgagepayableincrease$11,000
Commonstockincrease6,000
Dividendspaid（21,000）
Netcashoutflowfromfinancingactivities（4,000）
Netdecreaseincash$（22,000）
c.Allmajorsegmentsofcashflowswerenegative.Netcashoutflowfromoperatingactivitieswasnegativeby$3,000,andyetdividendswerepaidintheamountof$21,000.Also,thecompanyhadanegativecashflowfrominvestingactivities.Thesenegativecashflowswerepartiallymadeupforbyissuingamortgagepayable（$11,000）andcommonstock（$6,000）.
PROBLEM10-7
a.Comment
Theusualguidelineforthecurrentratioistwotoone.ArrowbellCompanyhada1.14to1ratioin2004anda.85to1ratioin2005.Theusualguidelinefortheacid-testratioisonetoone.ArrowbellCompanyhada.68to1ratioin2004anda.49to1ratioin2005.
Thecashratiodroppedfrom.19in2004to.12in2005.Theworkingcapitalin2004was$197,958,andin2005ithaddeclinedtoanegative$319,988.
Theshort-termdebtpositionappearstobeverypoor.
ComputationofRatios
CurrentRatio=CurrentAssets
CurrentLiabilities
20052004
$1,755,303=.85$1,599,193=1.14
$2,075,291$1,401,235
CashEquivalents&NetReceivables&
Acid-TestRatio=MarketableSecurities_______________
CurrentLiabilities
2005
$250,480+$760,950=.49
$2,075,291
2004
$260,155+$690,550=.68
$1,401,235
CashRatio=CashEquivalents&MarketableSecurities
CurrentLiabilities
20052004
$250,480=.12$260,155=.19
$2,075,291$1,401,235
OperatingCashFlow/CurrentOperatingCashFlow
MaturitiesofLong-TermDebt=CurrentMaturitiesofLong-Term
andCurrentNotesPayableDebtandCurrentNotesPayable
20052004
$429,491=46.93%$177,658=32.29%
$915,180$550,155
b.SupplierswillbeconcernedthatArrowbellCompanywillnotbeabletopayitscreditorsand,ifpaymentismade,itwillbelaterthanthecreditterms.Theshort-termcreditorsarefinancingtheexpansionprogram.
c.Thedebtratiohasincreasedin2005to.61from.58in2004.Thedebt/equityratiohasincreasedin2005to1.55from1.36in2004.（Asimilarincreaseinthedebttotangiblenetworthastheincreaseinthedebt/equityratio.）Therewasanimprovementintheoperatingcashflow/totaldebt,butthisratioremainsverylow.
Thisindicatesthatasubstantialamountoffundsarecomingfromcreditors.Inge
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