Chap 2
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The document discusses key concepts related to analyzing a company's solvency, liquidity, and financial flexibility. It defines solvency, liquidity, and financial flexibility and provides measures to assess each, including current ratio, quick ratio, cash flow from operations, cash conversion period, current liquidity index, and sustainable growth rate. The chapter introduces the basic financial statements used and differentiates between solvency and liquidity analysis.
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Please, I need correct answers and clear explanation of the following b,c and e questions.
Thanks,
Using the West Jet Financial statements, answer the following questions R1 2-4 p.106-109)
b. Why do you think West Jet does not report a cost of goods sold
c. Explain what “Advanced ticket sales” in the current liabilities section represents
e. How much did West Jet use in 2013 to acquire new aircraft? Which statement did you find this
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_____________________________________________________________________________
___________________________________________________________
Please follow these information:
RI2-4
(Determination of items from a Canadian company\'s financial statements)
Calgary-based WestJet Airlines Ltd. provides services throughout Canada and to some
international destinations. Excerpts from its 2013 financial statements are in Exhibits 2-19A to 2-
19C.
Exhibit 2-19A WESTJET AIRLINES LTD.\'S 2013 CONSOLIDATED STATEMENT OF
EARNINGS
Consolidated Statement of Earnings
For the years ended December 31
(Stated in thousands of Canadian dollars, except per share amounts)
Note
2013
2012
Revenue:
Guest
3,337,569
3,133,492
Other
324,628
293,917
3,662,197
3,427,409
Operating expenses:
Aircraft fuel
1,039,448
992,787
Airport operations
459,465
424,911
Flight operations and navigational charges
410,052
376,050
Sales and distribution
356,988
333,106
Marketing, general and administration
222,567
202,398
Depreciation and amortization
200,840
185,401
Inflight
176,907
162,633
Aircraft leasing
175,646
173,412
Maintenance
169,197
154,406
Employee profit share
51,577
46,585
3,262,687
3,051,689
Earnings from operations
399,510
375,720
Non-operating income (expense):
Finance income
15
17,848
18,391
Finance cost
15
(43,447)
(48,900)
Gain on foreign exchange
1,136
1,061
Gain (loss) on disposal of property and equipment
(2,962)
469
Loss on fuel derivatives
—
(6,512)
(27,425)
(35,491)
Earnings before income tax
372,085
340,229
Income tax expense (recovery):
Current
154,964
66,230
Deferred
(51,601)
31,607
11
103,363
97,837
Net earnings
268,722
242,392
Exhibit 2-19B WESTJET AIRLINES LTD.\'S 2013 CONSOLIDATED STATEMENT OF
FINANCIAL POSITION
Consolidated Statement of Financial Position
At December 31
(Stated in thousands of Canadian dollars)
Note
2013
2012
Assets
Current assets:
Cash and cash equivalents
5
1,256,005
1,408,199
Restricted cash
6
58,106
51,623
Accounts receivable
19
42,164
37,576
Prepaid expenses, deposits and other
19
133,263
101,802
Inventory
19
36,722
35,595
1,526,260
1,634,795
Non-current assets:
Property and equipment
7
2,487,734
1,985,599
Intangible assets
8
58,691
50,808
Other assets
19
70,778
75,413
Total assets
4,143,463
3,746,615
Liabilities and Shareholders\' Equity
Current liabilities:
Accounts payable and accrued liabilities
19
543,167
460,003
Advance ticket sales
19
551,022
480,947
Non-refundable guest credits
19
46,975
47,859
Current portion of maintenance provisions
9
76,105
34,135
Current portion of long-term debt
10
.
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The document summarizes Seadrill's second quarter 2013 conference call. Key highlights include:
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This document discusses various capital budgeting techniques used to evaluate investment projects. It defines capital budgeting as the process of identifying, analyzing and selecting long-term investment projects. The key techniques covered are payback period, internal rate of return (IRR), net present value (NPV) and profitability index (PI). For an example project with $10,000-$15,000 cash flows over 5 years and $40,000 initial cost, the document calculates the metrics and determines that the project should be rejected based on IRR, NPV and PI, though accepted by payback period. It also discusses how the techniques can provide contradictory results for mutually exclusive projects.
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financial accounting weygandt pdf
financial accounting 9th edition chegg
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Capital budgeting techniques
The document provides an overview of capital budgeting techniques, including the payback period method, net present value method, and internal rate of return method. It then works through an example of evaluating a potential capital project for Basket Wonders using each of these methods. For the payback period method, it calculates the payback period as 3.3 years and determines the project meets the acceptance criterion of less than 3.5 years. For the internal rate of return method, it calculates the IRR as 11.57% which is below the required rate of 13%, so the project is rejected. For the net present value method at a discount rate of 13%, it calculates the NPV as negative $1,428, so the
3 capital budgeting
This document discusses various capital budgeting techniques for evaluating investment projects. It defines the payback period method, internal rate of return, net present value, and profitability index. For each method, it provides the calculation, acceptance criteria, and strengths and weaknesses. It then works through an example project at a company called Basket Wonders, calculating the payback period, IRR, NPV, and PI to determine if the project should be accepted based on the company's criteria.
Please, I need correct answers and clear explanation of the followin.pdf
Please, I need correct answers and clear explanation of the following b,c and e questions.
Thanks,
Using the West Jet Financial statements, answer the following questions R1 2-4 p.106-109)
b. Why do you think West Jet does not report a cost of goods sold
c. Explain what “Advanced ticket sales” in the current liabilities section represents
e. How much did West Jet use in 2013 to acquire new aircraft? Which statement did you find this
information on?
_____________________________________________________________________________
___________________________________________________________
Please follow these information:
RI2-4
(Determination of items from a Canadian company\'s financial statements)
Calgary-based WestJet Airlines Ltd. provides services throughout Canada and to some
international destinations. Excerpts from its 2013 financial statements are in Exhibits 2-19A to 2-
19C.
Exhibit 2-19A WESTJET AIRLINES LTD.\'S 2013 CONSOLIDATED STATEMENT OF
EARNINGS
Consolidated Statement of Earnings
For the years ended December 31
(Stated in thousands of Canadian dollars, except per share amounts)
Note
2013
2012
Revenue:
Guest
3,337,569
3,133,492
Other
324,628
293,917
3,662,197
3,427,409
Operating expenses:
Aircraft fuel
1,039,448
992,787
Airport operations
459,465
424,911
Flight operations and navigational charges
410,052
376,050
Sales and distribution
356,988
333,106
Marketing, general and administration
222,567
202,398
Depreciation and amortization
200,840
185,401
Inflight
176,907
162,633
Aircraft leasing
175,646
173,412
Maintenance
169,197
154,406
Employee profit share
51,577
46,585
3,262,687
3,051,689
Earnings from operations
399,510
375,720
Non-operating income (expense):
Finance income
15
17,848
18,391
Finance cost
15
(43,447)
(48,900)
Gain on foreign exchange
1,136
1,061
Gain (loss) on disposal of property and equipment
(2,962)
469
Loss on fuel derivatives
—
(6,512)
(27,425)
(35,491)
Earnings before income tax
372,085
340,229
Income tax expense (recovery):
Current
154,964
66,230
Deferred
(51,601)
31,607
11
103,363
97,837
Net earnings
268,722
242,392
Exhibit 2-19B WESTJET AIRLINES LTD.\'S 2013 CONSOLIDATED STATEMENT OF
FINANCIAL POSITION
Consolidated Statement of Financial Position
At December 31
(Stated in thousands of Canadian dollars)
Note
2013
2012
Assets
Current assets:
Cash and cash equivalents
5
1,256,005
1,408,199
Restricted cash
6
58,106
51,623
Accounts receivable
19
42,164
37,576
Prepaid expenses, deposits and other
19
133,263
101,802
Inventory
19
36,722
35,595
1,526,260
1,634,795
Non-current assets:
Property and equipment
7
2,487,734
1,985,599
Intangible assets
8
58,691
50,808
Other assets
19
70,778
75,413
Total assets
4,143,463
3,746,615
Liabilities and Shareholders\' Equity
Current liabilities:
Accounts payable and accrued liabilities
19
543,167
460,003
Advance ticket sales
19
551,022
480,947
Non-refundable guest credits
19
46,975
47,859
Current portion of maintenance provisions
9
76,105
34,135
Current portion of long-term debt
10
.
Quanta Services Investor Deck Nov/Dec 2019
This document summarizes the business of a company that provides infrastructure services including electric power, communications, and pipeline services. It discusses the company's end markets and customers, historical and projected financial data, strategies for growth in areas like 5G networks and renewable energy, and metrics showing increases in revenue, earnings, and backlog between 2015-2019. Key points include that the top 10 customers accounted for 37% of revenues in 2018, revenues are projected to grow from $7.6B in 2015 to $12B in 2019, and adjusted EBITDA and backlog have also increased substantially over this period.
Comparitive and common size
Comparative and common size statements are used to analyze a company's financial position and performance over multiple periods. A comparative balance sheet shows account balances on different dates and the increase or decrease between periods, allowing users to study trends in financial position. A comparative income statement displays revenues, expenses, and profits for several years in adjacent columns so changes can be analyzed in absolute amounts and percentages. Common size statements express balance sheet and income statement items as percentages of a total to facilitate comparison across periods.
Quanta Services Investor Deck Aug/Sept 2019
This document summarizes Quanta Services, a leading infrastructure services provider, over multiple years. It highlights Quanta's growth in revenues from $526 million in 2015 to an estimated $892 million in 2019. Adjusted EBITDA margins have also increased from 6.9% in 2015 to an estimated 7.8% in 2019. Free cash flow has grown but working capital needs have also increased due to overall revenue growth. The document also outlines Quanta's diversified customer base and end markets, including opportunities from trends like 5G deployment and electric grid modernization.
Similar to Chap 2 (20)
Question 3Q=50,000 - (25 P)FC=2,750,000VC=200unitTC=FC+VCTVC=VC.docx
Question 3Q=50,000 - (25 P)FC=2,750,000VC=200unitTC=FC+VCTVC=VC.docx
Ch02 P14 Build a Model Spring 1, 201372212Chapter 2. Ch 02 P14.docx
Ch02 P14 Build a Model Spring 1, 201372212Chapter 2. Ch 02 P14.docx
Solutions manual for financial accounting 9th edition by weygandt
Solutions manual for financial accounting 9th edition by weygandt
Please, I need correct answers and clear explanation of the followin.pdf
Please, I need correct answers and clear explanation of the followin.pdf
Chap 2
- 7. Net Working Capital Net working capital = CA - CL Net working capital = $8,924 - $8,933 = ($9) ($000,000) 1999 2000 2001 2002 2003 Net working capital $2,644 $2,489 $2,948 $358 ($9)
- 8. NWC and its Component Parts CA CL CA CL CA CL NWC = CA - CL WCR = A/R + INV +Pre NLB = Cash + M/S - A/P - N/P - CMLTD Net Working Capital Working Capital Requirements Net Liquid Balance Cash Mkt Sec A/R Inventory Prepaid A/P N/P CMLTD Cash Mkt Sec A/R Inventory Prepaid A/P N/P CMLTD Cash Mkt Sec A/R Inventory Prepaid A/P N/P CMLTD
- 14. Cash Flow From Operations ($ 000,000) 1999 2000 2001 2002 2003 CFFO $2,436 $3,926 $4,195 $3,797 $3,538
- 15. Cash Conversion Efficiency ($ 000,000) 1999 2000 2001 2002 2003 CFFO $2,436 $3,926 $4,195 $3,797 $3,538 Revenues 18,243 25,265 31,888 31,168 35,404 Operating profit 2,046 2,457 2,768 2,271 2,844 Net profit 1,460 1,666 2,177 1,246 2,122 (Percentage of sales) Operating profit margin 11.21 9.72 8.68 7.28 8.03 Net profit margin 8.00 6.59 6.82 3.99 5.99 Cash conversion efficiency 13.35 15.54 13.15 12.18 9.99 Cash conversion efficient = CFFO / Sales
- 16. Cash Conversion Chart Inventory Inventory Cash stocked sold received Days inventory held Days sales outstanding Days payables outstanding Cash conversion period Cash disbursed
- 17. Cash Conversion Period Calculations Cash conversion period = DIH + DSO - DPO (Days) 1999 2000 2001 2002 2003 DIH 7.10 7.17 5.79 3.99 3.87 DSO 49.64 38.69 33.14 26.57 26.66 ------- ------- ------- ------- ------- Operating cycle 56.74 45.86 38.93 30.56 30.53 DPO 62.34 64.92 62.07 72.87 75.79 ------- ------- ------- ------- ------- Cash conversion period -5.60 -19.06 -23.14 -42.31 -45.26