Answer To: Page 1 of 3 FIT5159 IT for Financial Decisions Assignment 1 Financial Analysis Due Date: 4 p.m....
Sweety answered on Sep 16 2021
CASE 1 Tele KS Solutions
CASE 1
Tele KS Solutions's 2018 and 2019 December 31 Balance Sheets
PARTICULARS 2019 2018
Assets
Cash $ 2,567,044 $ 3,613,202
Accounts receivable $ 25,549,424 $ 19,768,149
Inventories $ 614,402 $ 466,766
Total current assets $ 28,730,870 $ 23,848,117
Net fixed assets $ 48,940,616 $ 39,418,554
Total assets $ 77,671,486 $ 63,266,671
Liabilities and equity
Accounts payable $ 13,827,806 $ 13,885,561
Accruals $ 7,633,984 $ 5,682,808
Notes payable $ 647,763 $ 1,867,220
Total current liabilities $ 22,109,553 $ 21,435,589
Long-term debt $ 17,781,696 $ 10,689,860
Total liabilities $ 39,891,249 $ 32,125,449
Common stock $ 10,965,000 $ 10,000,000
Retained earnings $ 26,815,237 $ 21,141,222
Total common equity $ 37,780,237 $ 31,141,222
Total liabilities and equity $ 77,671,486 $ 63,266,671
The Requirements as specified in the question is solved as under;
a) Tele KS Solutions
INCOME STATEMENT
PARTICULARS 2019
Sales $ 150,764,675.00
EBITDA $ 24,122,348.00
Depreciation $ 5,383,467.76
Interest $ 952,000.00
Profit Before tax (PBT) $ 17,786,880.24
Tax $ 7,470,489.70
Profit After Tax (PAT)/ Net Income $ 10,316,390.54
Dividend $ 4,642,375.74
b) Tele KS Solutions
Statement Of Stakeholders' Equity for the year ending 31st December 2019
Particulars Common Stock Retained Earning Total Stockholder Equity
Balance on January 1 2018 $ 1,000,000.00 $ 21,141,222 $ 22,141,222.00
Issue of share $ 9,965,000.00 $ 9,965,000.00
Net Income $ 10,316,390.54 $ 10,316,390.54
Dividend paid $ 4,642,375.74 $ 4,642,375.74
Balance on December 31 $ 10,965,000.00 $ 26,815,236.80 $ 37,780,236.80
Tele KS Solutions
Statement Of Cash Flows for the year ending 31st December 2019
PARTICULARS AMOUNT AMOUNT
CAH FLOW FROM OPERATION
Tax paid $ (7,470,489.70)
Net Increase/ decrease from current Asset 2053707.44344
CAH FLOW FROM OPERATION $ (5,416,782.26)
CAH FLOW FROM INVESTING ACTIVITIES 0
Interest paid $ (952,000.00)
CAH FLOW FROM FINANCING ACTIVITIES
Dividend paid $ (4,642,375.74)
Issue of shares $ 9,965,000.00
CAH FLOW FROM FINANCING ACTIVITIES $ 5,322,624.26
Total Cash flow $ (1,046,158.00)
Opening cash & cash equivalent $ 3,613,202.00
Closing cash & cash equivalent $ 2,567,044.00
c) Tele KS Solutions
Statement showing Net Operating Working Capital
Particulars 2019 2018
Cash $ 2,567,044 $ ...