FIN 486 Week 3

FIN 486 Week 3


Asked by 2 years ago
398.3k points

FIN 486 Week 3

Individual Assignment Long-Term Financial Needs

Examine financial information for Huffman Trucking, within the Virtual Organization web link located on the course materials page. Read the New Strategic Directions Memo. Calculate external funds needed (EFN) to create the pro forma balance sheet. Calculate the following year-end ratios for the pro forma statements:

  • Profit as a percentage of sales
  • Current ratio
  • Asset ratio

Prepare a 500-word financial report for the CEO containing the EFN calculation, the ratio calculations, and an explanation of how you reached the calculations. Explain which income statement and balance sheet items you assumed were variable instead of fixed.

Format your paper consistent with APA guidelines.

Discussion Questions

Why are financial ratios used to assess a companys financial performance? Why are sales reports, profits, debts, or current liability reports insufficient? How have financial ratios been used in your company? Do you think they are an effective assessment of financial performance? If so, why? If not, why?

If you had to pick three commonly calculated ratios to analyze the financial health of a company, which would you analyze? Why would you choose those ratios?

FIN 486
maddy

2 Answers

Answered by 2 years ago
389.5k points
Verified Expert Answer Instant Download
 FIN 486 Week 3

Thumbnail of first page

Excerpt from file: LongTermFinancialNeeds1 LongTermFinancialNeeds FIN/486 UniversityofPhoenix ...

Filename: FIN 486 Week 3.zip

Filesize: 27.1K

Downloads: 11

Print Length: 8 Pages/Slides

Words: NA

E
Answered by 18 days ago
0 points
Verified Expert Answer Instant Download
 FIN 486 Week 3

Thumbnail of first page

Excerpt from file: MAT 142 Problem set Unit: Proportional Reasoning Topic: Proportions and variations Directions: Solve the following problems. Please show your work and explain your reasoning. 1. There are 190 mg of sodium in 27.0 g serving of Wheaties. Every morning, Hector makes a 75.0 g serving of Wheaties.

Filename: 1.2 Proportions and variations.pdf

Filesize: < 2 MB

Downloads: 0

Print Length: 1 Pages/Slides

Words: 180

Buy Now $5.00

Buy with PayPal $5.00

Account not required

Your Answer

Surround your text in *italics* or **bold**, to write a math equation use, for example, $x^2+2x+1=0$ or $$\beta^2-1=0$$

Use LaTeX to type formulas and markdown to format text. See example.

Sign up or Log in

  • Answer the question above my logging into the following networks
Sign in
Sign in
Sign in

Post as a guest

  • Your email will not be shared or posted anywhere on our site
  •  

Stats
Views: 1.2k
Asked: 2 years ago

Related