Posted: March 3rd, 2014
Homework Assignment – Chapter 5
1. When a financial analyst examines the credit risk of a company, it is common that he or she uses a set of factors that all begin with the letter “C.” Each factor provides a consideration that enters into the lending decision. List and discuss how each of the factors affects a company’s credit risk.
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ANS:
1. | |
2. Given the following information, calculate for Year 2 the number of days of working capital financing the firm will need to obtain from other sources?
Year 1 | Year 2 | |
Accounts Receivable, net | $ 518 | $ 562 |
Accounts Payable | 203 | 192 |
Inventory | 535 | 564 |
Credit Sales | 3,205 | 3,636 |
Cost of Goods Sold | 2,037 | 2,294 |
Selling and Admin. Expense | 1,081 | 1,131 |
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3. Refer to the financial statement data for Patriot Corp. for 2011 and 2010. Complete the table by computing the ratios.
Financial Ratio to be calculated:
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