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04-09-2018

Product code: Accounts-AW696

FINANCE FOR MANAGERS

INSTRUCTIONS: Please show all work, and feel free to attach additional pages as necessary. Full credit will not be given for providing only an answer, even if the answer is correct. Homework assignments are due as specified in the course schedule.

2-1 Use the attached financial statements for Kohl’s Corporation to perform a complete ratio analysis using income statement and balance sheet data from the latest two years shown. Refer to the ratio summary presented in class.

 2-2 Using the information below, recreate the financial statements for Imperial Products, Inc. on the attached worksheet. When completing the statement, you may round to the nearest \$1.00; use the values exactly as presented below to prevent rounding errors. Please note this problem is separate from problem 2-1 above and uses none of the same data. Cash - \$30,000 Total Revenues - \$12,000,000 Fixed Asset Turnover Ratio - 4.8 times Other expense - \$500,000 Notes Payable - \$75,000 Return on Assets - 11.005% Average Collection Period - 18 days Basic Earning Power - 20% Common Stock \$350,000 Inventory Turnover Ratio - 6 times Cost of Sales - 62.5% of total revenues Debt Ratio - .59984326 times Acid Test Ratio - .625 times Times Interest Earned Ratio - 4 times Other Long-Term Debt - \$450,000 Return on Equity – 27.5017235%

Since, interest charged is least in option b) so that is the best option to pursue.

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