The document contains 7 questions related to financial statements and ratios for various companies. Question 1 asks to prepare an income statement for Franklin Kite Co. Question 2 provides financial information for Rogers Corporation and Evans Corporation and asks to calculate cash flow and the difference in cash flow between the two companies. Question 3 provides balance sheet information for Holtzman Corporation and asks to calculate book value per share, stock price based on P/E ratio, and the ratio of market value to book value. Question 4 provides extensive financial statements for Crosby Corporation and asks to prepare a statement of cash flows and calculate book value per share for two years. The remaining questions ask to calculate various financial ratios based on information provided for different companies.

1. Assignment 1
Question 1
1. Prepare an income statement for Franklin Kite Co. Take your
calculations all the way to computing earnings per
share. (Round EPS answer to 2 decimal places.)
Sales
$
1,380,000
Shares outstanding
115,000
Cost of goods sold
600,000
Interest expense
28,000
Selling and administrative expense
49,000
Depreciation expense
31,000
Preferred stock dividends
85,000
Taxes
117,000

2. Franklin Kite Company
Income Statement
0
0
0
0
0
0
0
0
0
0
0
Earnings available to common stockholders
0
Shares outstanding
0
Earnings per share
0

3. Question 2
The Rogers Corporation has a gross profit of $792,000 and
$277,000 in depreciation expense. The Evans Corporation also
has $792,000 in gross profit, with $43,300 in depreciation
expense. Selling and administrative expense is $188,000 for
each company.
a. Given that the tax rate is 40 percent, compute the cash flow
for both companies.
Rogers
Evans
CashFlow
$
$
b. Calculate the difference in cash flow between the two firms.
Difference in Cash Flow
$
Question 3
The Holtzman Corporation has assets of $441,000, current
liabilities of $105,000, and long-term liabilities of $147,000.
There is $31,500 in preferred stock outstanding; 20,000 shares
of common stock have been issued.
a. Compute book value (net worth) per share. (Round your

4. answer to 2 decimal places.)
Book Value per share
b. If there is $32,700 in earnings available to common
stockholders, and Holtzman’s stock has a P/E of 24 times
earnings per share, what is the current price of the stock? (Do
not round intermediate calculations. Round your final answer to
2 decimal places.)
Current Price
c. What is the ratio of market value per share to book value per
share? (Do not round intermediate calculations. Round your
final answer to 2 decimal places.)
Market value to book Value
Times
Question 4
Refer to the following financial statements for Crosby
Corporation:
CROSBY CORPORATION
Income Statement
For the Year Ended December 31, 20X2
Sales
$
4,240,000

5. Cost of goods sold
2,640,000
Gross profit
$
1,600,000
Selling and administrative expense
700,000
Depreciation expense
300,000
Operating income
$
600,000
Interest expense
89,000
Earnings before taxes
$
511,000
Taxes
211,000
Earnings after taxes
$
300,000

6. Preferred stock dividends
10,000
Earnings available to common stockholders
$
290,000
Shares outstanding
150,000
Earnings per share
$
1.93
Statement of Retained Earnings
For the Year Ended December 31, 20X2
Retained earnings, balance, January 1, 20X2
$
80,300
Add: Earnings available to common stockholders, 20X2
290,000
Deduct: Cash dividends declared and paid in 20X2
150,000
Retained earnings, balance, December 31, 20X2
$
220,300
Comparative Balance Sheets
For 20X1 and 20X2

7. Year-End
20X1
Year-End
20X2
Assets
Current assets:
Cash
$
112,000
$
185,900
Accounts receivable (net)
556,000

8. 602,000
Inventory
633,000
641,000
Prepaid expenses
64,900
32,000
Total current assets
$
1,365,900
$
1,460,900
Investments (long-term securities)
92,300
85,000
Gross plant and equipment

9. $ 2,120,000
$ 2,870,000
Less: Accumulated depreciation
1,870,000
2,170,000
Net plant and equipment
250,000
700,000
Total assets
$
1,708,200
$
2,245,900
Liabilities and Stockholders’ Equity

10. Current liabilities:
Accounts payable
$
304,000
$
635,000
Notes payable
536,000
536,000
Accrued expenses
74,900
56,600
Total current liabilities

11. $
914,900
$
1,227,600
Long-term liabilities:
Bonds payable, 20X2
123,000
208,000
Total liabilities
$
1,037,900
$
1,435,600
Stockholders’ equity:

12. Preferred stock, $100 par value
$
90,000
$
90,000
Common stock, $1 par value
150,000
150,000
Capital paid in excess of par
350,000
350,000
Retained earnings
80,300
220,300
Total stockholders’ equity

13. $
670,300
$
810,300
Total liabilities and stockholders’ equity
$
1,708,200
$
2,245,900
a. Prepare a statement of cash flows for the Crosby
Corporation: (Amounts to be deducted should be indicated with
parentheses or a minus sign.)
CROSBY CORPORATION
Statement of Cash Flows
For the Year Ended December 31, 20X2
Cash flows from operating activities:

14. Adjustments to determine cashflow from operating activities:
Total adjustments
Net cash flows from operating activities
Cash flows from investing activities:

15. Net cash flows from investing activities
Cash flows from financing activities:
Net cash flows from financing activities
b. Compute the book value per common share for both 20X1 and
20X2 for the Crosby Corporation. (Round your answers to 2
decimals places.)
Book value
20X1
20X2

16. Question 5
Jim Short’s Company makes clothing for schools. Sales in 20X1
were $4,490,000. Assets were as follows:
Cash
$
110,000
Accounts receivable
864,000
Inventory
493,000
Net plant and equipment
504,000
Total assets
$
1,971,000
a. Compute the following: (Round your answers to 2 decimal
places.)

17. Turn over Ratio
1
Account receivable turnover
Times
2
Inventory Turnover
Times
3
Fix Asset Turnerover
Times
4
Total Asset turnover
Times
c. Is there an improvement or a decline in the total asset
turnover?
·
Decline
·
Improvement
Question 6
The balance sheet for Stud Clothiers is shown next. Sales for
the year were $3,490,000, with 75 percent of sales sold on
credit.
STUD CLOTHIERS
Balance Sheet 20X1

18. Assets
Liabilities and Equity
Cash
$
38,000
Accounts payable
$
262,000
Accounts receivable
292,000
Accrued taxes
148,000
Inventory
248,000
Bonds payable (long-term)
178,000
Plant and equipment
500,000
Common stock
100,000
Paid-in capital
150,000
Retained earnings

19. 240,000
Total assets
$
1,078,000
Total liabilities and equity
$
1,078,000
Compute the following ratios: (Use a 360-day year. Do not
round intermediate calculations. Round your answers to 2
decimal places. Input your debt-to-total assets answer as a
percent rounded to 2 decimal places.)
a
Current ratio
Times
b
Quick Ratio
times
c
Debt-to-total-asset ratio
%
d
Asset turnover
times
e

20. Average collection period
days
Question 7
Jolie Foster Care Homes Inc. shows the following data:
Years Net income Total Assets
Stockholders' Equity Total Debt’s
20X1
138,000
2,650,000
796,000
1,854,000
20X2
140,000
2,300,000
1,280,000
1,016,000
20X3
160,000
2,280,000
1,500,000
780,000
20X4
255,000
2,640,000
2,510,000
130,000

21. a-1. Compute the ratio of net income to total assets for each
year. (Input your answers as a percent rounded to 2 decimal
places.)
Year
Return on Assets
20X1
%
20X2
%
20X3
%
20X4
%
a-2. What is the trend in the net income to total assets ratio?
·
Strong downward movement
·
Strong upward movement
b-1. Compute the ratio of net income to stockholders' equity for
each year. (Input your answers as a percent rounded to 2

22. decimal places.)
Year
Return Stockholder’s Equity
20X1
%
20X2
%
20X3
%
20X4
%
b-2. What is the trend in the net income to stockholders' equity
ratio?
·
Strong downward movement
·
Strong upward movement
DIRECTIONS
Based on your 5-Year Plan write a 7-8 page paper (not
including cover page and APA
reference page) and identified area of interest (You are expecte d

23. to include at least
four scholarly articles or literature. )
● Clearly describe the scope of the practice area, give a history
of the issue
(identified population) on the macro level and its social impact
(according to
the research).
● Reflect on your personal values and interest in the area of
practice. Integrate
any new findings or impact the research had on you and your
perspective.
● Identify and describe at least two evidenced based practice
models designed
to address the area of practice and/or population. Include their
effectiveness,
challenges etc.
● Identify 2 different types of programs/agencies in the
community (New
Jersey) that work with the population and clearly integrate the
research
literature to program model they utilize and/or lack of
implementation of
evidence based practice
Rubric: Evidenced-based Social Work Practice
Criteria Ratings 20 points Zero Points
Followed the assignment requirements.
Submitted on time, APA style format,
integration of minimum number of
sources, required length.

24. Contains everything
asked for
Doesn’t contain what
is asked for
Level and interpretation of research,
quality of writing, grammar, spelling.
Contains everything
asked for
Doesn’t contain what
is asked for
Thoughtful reflection and integration of
personal values and interest in practice
area.
Contains everything
asked for
Doesn’t contain what
is asked for
Inclusion and discussion of two
programs/agencies in the community
and their practice. Integration and
application of evidenced based practice,
thoughtful analysis.
Contains everything
asked for
Doesn’t contain what

25. is asked for
What are your five-year goals? Where do you see yourself?
Spring Fall
2018 - Achieving Dean's list
- Work a good job (EMT)
- Pass my classes for SP2018
- Become a member of an organization on
campus
- Get dean's list
- Pass my ESL class
2019 - Run chapter as president - my first
semester as a member of an
organization on campus
- Apply to an internship
- Save up money to get a new car
- Beginning my last semester of college

26. - Become chapter president and do good in
my role - my second semester as a member
of an organization on campus
- Start my internship at ___blank___ hospital
- Go to a conference for the High Viral Load
- Getting accepted to go to a leadership
conference for school
- Achieving a more at peace and mindfulness
toward my mental health
2020 - Going to the NGLA
- Applying to National Honor society
-Graduating in May 2020 with my
bachelors
- Continue to work on my mental
health and my happiness
- During this time after graduation, I
am hoping to begin working for
__blank hospital__ as well as
traveling and to figure out the path I
would like to take as well as the school
I’d like to go to in order to continue my
higher education career
2021 - During this time after graduation, I

27. am hoping to begin working for
__blank hospital__ as well as
traveling and to figure out the path I
would like to take as well as the
school I’d like to go to in order to
continue my higher education
career
- Do a trade school for a couple
of months
- During this time I will be applying to my
school of choice as well as trying to get
scholarships
- Get certified to be domestic violence trained
2022 - Will be my first semester as a
graduate student
- Adjusting to school and work again
- Hopefully, by this time I will be adjusted to
my schedule
- I would also like to apply for position withing
Planned parenthood
Professional Objectives:
1. Who are you?
I am a

28. - Reliable passionate and loyal woman
- I am understanding and a good listener
- I am an advocate / professional healthcare worker
2. What position/appointment are you looking for?
- Case manager
- Councilor
- Advocate
3. What skills—in brief—make you an ideal fit for this position
or appointment?
I am a
- Leader - Good listener - Reliable -
Trustworthy