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Corporate Finance Analysis Case

Autor:   •  September 15, 2016  •  Course Note  •  1,089 Words (5 Pages)  •  1,194 Views

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Assignment 1

Corporate Financial Analysis

Members:Chang Lu, Chang Guo, Houpu Liu, Pujin An, Lianran Zeng

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1.From the form 1, we can easily distinct between profits and cash requirements.

 

1994

1995

EBIT

126

155

depreciation

0

0

tax

16

22

increase in accounts receivable

105

195

increase in inventory

95

155

increase in accounts payable

127

36

increase in accrued expenses

3

30

Net cash flow from operating activities

40

-151

increase in Net PPE

29

126

Net cash flow from investing activities

-29

-126

interest payment

-42

-56

increase in notes payables

60

357

increase in long term debt

-20

-20

dividend payment

0

0

increase in common stock

0

0

Net cash flow from Financing Activities

-2

281

 

 

 

9

4

Form 1

Report of Clarkson Lumber Company

   1.Indurstry Analysis

From form 2, we can compare different kinds of indices for Clarkson Lumber Company to indices for industrial level.

 

Low- Profit Outlets

High-Profit Outlets

Clarkson Lumber Company

Percent of sales:

 

 

 

   Cost of goods

76.90%

75.10%

75.77%

   Operating expense

22.00%

20.60%

20.80%

   Cash

1.30%

1.10%

1.19%

   Accounts receivable

13.70%

12.40%

11.25%

   Inventory

12.00%

11.60%

11.27%

   Fixed assets, net

12.10%

9.20%

7.19%

   Total assets

39.10%

34.30%

30.91%

Percent of Total Assets

   Current liabilities

52.70%

29.20%

59.16%

   Long-term liabilities

34.80%

16.00%

11.45%

   Equity

12.50%

54.80%

29.38%

Current ratio

1.31

2.52

1.30

Return on sales

-0.70%

4.30%

1.70%

Return on assets

-1.80%

12.20%

5.51%

Return on equity

-14.30%

22.10%

18.76%

Form 2

...

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