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(solution)- Apex Printing


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Apex Printing Balance Sheets As of December 31, 2013 and 2012 000$ 000$ Assets 2013 2012 Cash 6,000 5,700 Accounts Receivable 2,350 2,300 Inventory 12,100 6,500 Total Current Assets 20,450 14,500 Land 25,000 20,000 Building & Equipment 300,000 300,000 Less: Accumulated Depreciation - Building & Equipment (187,850) (160,000) Total Long Term Assets 137,150 160,000 Total Assets 157,600 174,500 Liabilities and Stockholders' Equity Accounts Payable 4,600 3,500 Salaries Payable 0 2,100 Interest Payable 1,500 0 Short Term Notes Payable 12,000 0 Taxes Payable 0 5,600 Total Current Liabilities 18,100 11,200 Mortgate Payable 54,950 100,000 Total Long Term Liabilities 54,950 100,000 Common Stock 60,000 60,000 Retained Earnings 24,550 3,300 Total Stockholders' Equity 84,550 63,300 Total Liabilities and Stockholders' Equity 157,600 174,500 Apex Printing Income Statements For the Periods Ended December 31, 2013 and 2012 000$ 000$ 2013 2012 Revenue: 450,000 475,000 Less: Cost of Goods Sold (324,300) (374,500) Less: Depreciation Expense (27,850) (26,000) Gross Margin 97,850 74,500 Selling, General & Administrative Expenses (29,100) (32,000) Income Before Interest & Taxes 68,750 42,500 Interest Expense (7,500) (6,000) Income Before Taxes 61,250 36,500 Income Taxes (35,000) (30,000) Net Income 26,250 6,500 Apex Printing Statement of Cash Flows For the Period Ended December 31, 2013 000$ Cash Flows from Operating Activities: Net Income 26,250 Adjustments to reconcile net income to net cash provided by operating activities Depreciation Expense 27,850 Increase in accounts receivable (50) Increase in inventory (5,600) Decrease in salaries payable (2,100) Increase in interest payable 1,500 Decrease in taxes payable (5,600) Increase in Short Term notes Payable 12,000 Increase in accounts payable 1,100 Net Cash Flow from Operating Activities 55,350 Cash Flows from Investing Activities: Cash paid to purchase land (5,000) Net Cash Flow from Investing Activities (5,000) Cash Flows From Financing Activities: Cash paid for mortgage (45,050) Cash paid for dividends (5,000) Net Cash Flow from Financing Activities (50,050) Net Increase in Cash 300 Plus: Cash Balance at December 31, 2012 5,700 Cash Balance at December 31, 2013 6,000

 


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(solution)- Apex Printing.zip

Apex Printing A+ Tutorial use as Guide

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xxxx xxxxxxxx

 

xxxx Printing ? xxxxxx

 

xxxx xxxxxxxx xxxxx to be xx entity xxxxxxx in rendering xxxxxxxx to xx?s customers. xx there supposed xx xx a xxxx amount xx investment xx xxxxx xxx xxxxxxxxx for xxxxxxxxxx of xxx xxxx . xxxxx looking xx xxx xxxxxx xxx xxx xxxxxxxx xxxxxx the end of xxx year xxxxx the xxxxxxx had 8% of it funds xxxxxxxx in xxxxxxx assets and xxx xxxx xx 92% xx the xxxxx long xxxx xxxxxxx In xxx xxxxxxxxxx year, xxx xxxxx xx current xxxxxx to xxxxx xxxxxx xxx 13%, where xx the xxxxxxxxxx of long term assets to xxxxx xxxxxx xxx 87%. xx xxx be noted that, xxx xxxxxxx xxx xxxxxx xxxx the improvement in xxxxxxx assets will help xxx xxxxxxx xxx better business growth and it?x xxxxxxxxxxxxxxx The marginal increase xx xxx current xxxxxx during the xxxx 2013 xxx xxxxxx decision by xxx management xxx xxxxxxxxx xx cash and accounts receivable position xxxxxxxxx xxxxxx xxxxxxxxx xxx the company.

 

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xxxxxxx Sheets xxxxxxxxx xxxxxx
As of xxxxxxxx xxx xxxx and 2012
xxxxxxxx
Assets2013 2012 2013xxxx
xxxx x 6,000 x 5,700 Liquidity Ratios
xxxxxxxx xxxxxxxxxxx 2,350* xxxxx xxx Working Capitalx 2,350 x 3,300
Inventoryx 12,100 * 6,500 xxxxxxx Ratios xxxxxxxx
xxxxx xxxxxxx Assets x xxxxxx * xxxxxxxxx xx Quick xxxxxx* xxxx * xxxx
xxxx* xxxxxx* xxxxxx xxxxxxxx
xxxxxxxx and Equipment* 300,000* 300,000xxxxxxxx xxxxxx
xxxxx Accumulated xxxxxxxxxxxx x Building & xxxxxxxxxx -187,850 * xxxxxxxx xxxxxxxx Receivable xxxxxxxx xxxxxx xxxxxx
Total Long xxxx xxxxxx x xxxxxxxx 160,000xxx xxx Average Collection xxxxxxxxxx 1.79
xxxxx xxxxxx * 157,600* 174,500Inventory xxxxxxxx xxxxxxxxxxx xxxxx
xxxxxxx Age Of Inventory10.47 9.06
Apex xxxxxxxx Total Asset Turnoverxxxx2.86
xxxxxxx Sheets
xx of xxxxxxxx 31, 2013 and 20122013 2012
Leverage xxxxxx
Liabilities xxx xxxxxxxxxxxxx xxxxxx xxxx xxxxx xxxxxxxx
Debt x Equity Ratio 0.65 xxxx
xxxxxxxx xxxxxxx x 4,600 x 3,500xxxx Interst xxxxxx * 9.17 * 7.08
xxxxxxxx Payablexxx * 2,100
xxxxxxxx xxxxxxx * 1,500 xxx2013 xxxx
Short Term xxxxx xxxxxxx* xxxxxx0.0 xxxxxxxxxxxxx Ratios
Taxes xxxxxxxxxx * 5,600Gross Profit xxxxxx22%xxx
xxxxx Current Liabilities* 18,100 * xxxxxx xxx xxProfit Marginxxxx
xxxxxx xx xxxxx Assets16% 4%
Mortgage xxxxxxx * xxxxxx x 100,000xxxxxx On xxxxxx xxxxxx31% xxx
Total xxxx Term Liabilities * xxxxxx x 100,000
xxxxxx xxxxxx 60,000 x 60,000Cashflow Indicator Ratios
xxxxxxxx Earnings * 24,550 * 3,300
xxxxx Stockholder's Equity* 84,550 * xxxxxx 54%36% xxxx xxxx xxxxxxxx Ratio
xxxxx Liabilities and xxxxxxxxxxxxx xxxxxxx xxxxxxx* xxxxxxx
Apex Printing
xxxxxx Statements
For xxx Periods Ended xxxxxxxx xxx xxxx and 2012
000$000$
2013 2012
Revenue: * xxxxxxx * xxxxxxx
Less: xxxx of xxxxx xxxx * -324,300* xxxxxxxx
Less: Depreciation xxxxxxx x -27,850 x xxxxxxx
Gross xxxxxxx xxxxxx x 74,500
xxxxxxx x xxxxxxx &

 

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