BUSINESS FINANCE教学资料 Tutorial for Week 4.pptxVIP

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2018-01-15 发布于浙江
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BUSINESS FINANCE教学资料 Tutorial for Week 4.pptx

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Tutorial for Week 4 MAN 2089Waquar AhmadFrom last week - RatiosCash flow to stockholders as dividends = $121,600 * 40% = $48,640Cash flow from stockholders for new stock issue = $75,000Cash flow to stockholders = $48,640 – 75,000 = - $26,360$1,450 / Total equity = 0.30; Total equity = $4,833.33Total assets = $1,450 + $4,833.33 = $6,283.33Inventory turnover = $2,120 / $496 = 4.2742Days’ sales in inventory = 365 days / 4.2742 = 85.40 daysEarnings per share = ($8,400 × 0.03) / 6,200 = $0.04065Price-earnings ratio = $1.40 / $0.04065 = 34.44Change in RE = 930 – 680 = 250Dividends paid = 1,231 – 250 = 981 Time Value of Money – this weekSimple interest in 20 years = $1,400 * 5% * 20 = $1,400FV after 20 years with compounding = $1,400* (1+0.05)20 = $3714.62Interest from compounding = $3714.62 – 1,400 = $2,314.62So, you would earn $2,314.62 – 1,400 = $914.62 more in interest with compoundingPV = $7,500; FV = $26,180, n = 14; r = ?26,180 = 7500 * (1+r)14 ; (1+r) = (26180/7500)1/14 = 1.0934r = 0.0934 = 9.34%PV = $36,900; FV = $214,800; r = 6%; n =?214,800 = 36,900 * (1 + 0.6)n ; 1.06n = 5.82n log 1.06 = log 5.82n = log 5.82/log 1.06 = 30.23