Consider the following scenario: Your boss has come to you for advice on the current finances of the company and needs you to create an extended DuPont analysis, common size analysis, and percentage change analysis. Your boss wants you to fill out the attached Excel file because he/she has no idea what she is talking about and is going to use your report as her work. Remember to answer all the questions in the attached document. Has J&W's liquidity position improved or worsened? Explain Has J&W's ability to manage its assets improved or worsened? Explain How has J&W's profitability changed during the last year? Perform an extended DuPont analysis for J7W for 2015 and 2016. What do these results tell you? Perform a common size analysis. What has happened to the composition (That is, the percentage in each category) of assets and liabilities? Perform a percentage change analysis. What does this tell you about the change in profitability and asset utilization?

The first part of the case, presented in Chapter 6, dis- cussed the situation of Computron Industries after an expansion program. A large loss occurred in 2015, rather than the expected profit. As a result, its man- agers, directors, and investors are concerned about the firm’s survival.

Jenny Cochran was brought in as assistant to Gary Meissner, Computron’s chairman, who had the task of getting the company back into a sound financial

position. Computron’s 2014 and 2015 balance sheets and income statements, together with projections for 2016, are shown in the following tables. The tables also show the 2014 and 2015 financial ratios, along with industry average data. The 2016 projected finan- cial statement data represent Cochran’s and Meiss- ner’s best guess for 2016 results, assuming that some new financing is arranged to get the company “over the hump.”

Cochran must prepare an analysis of where the company is now, what it must do to regain its finan- cial health, and what actions to take. Your assignment is to help her answer the following questions. Provide clear explanations, not yes or no answers.

a. Why are ratios useful? What three groups use ratio analysis and for what reasons?

b. Calculate the 2016 current and quick ratios based on the projected balance sheet and income statement data. What can you say about the company’s liquidity position in 2014, 2015, and as projected for 2016? We often think of ratios as being useful: (1) to managers to help run the business, (2) to bankers for credit analysis, and

(3) to stockholders for stock valuation. Would these different types of analysts have an equal interest in the liquidity ratios?

c. Calculate the 2016 inventory turnover, days sales outstanding (DSO), fixed assets turnover, and total assets turnover. How does Computron’s utilization of assets stack up against that of other firms in its industry?

d. Calculate the 2016 debt ratio, liabilities-to- assets ratio, times-interest-earned ratio, and EBITDA coverage ratios. How does Computron compare with the industry with respect to fi- nancial leverage? What can you conclude from these ratios?

e. Calculate the 2016 profit margin, basic earning h. power (BEP), return on assets (ROA), and return
on equity (ROE). What can you say about these ratios?

f. Calculate the 2016 price/earnings ratio, price/ i. cash flow ratio, and market/book ratio. Do these
ratios indicate that investors are expected to j. have a high or low opinion of the company?

g. Perform a common size analysis and percent- age change analysis. What do these analyses tell you about Computron?

h. Use the extended DuPont equation to provide a summary and overview of Computron’s finan- cial condition as projected for 2016. What are the firm’s major strengths and weaknesses?

i. What are some potential problems and limita- tions of financial ratio analysis?

j. What are some qualitative factors that analysts should consider when evaluating a company’s likely future financial performance?

Compute and Interpret Liquidity, Solvency and Coverage Ratios

Balance sheets and income statements for Lockheed Martin Corporation follow. Refer to these financial statements to answer the requirements.

(a) Compute Lockheed Martin's current ratio and quick ratio for 2016 and 2015. (Round your answers to two decimal places.)
2016 current ratio = Answer

2015 current ratio = Answer

2016 quick ratio = Answer

2015 quick ratio = Answer

(b) Compute total liabilities-to-equity ratios and total debt-to-equity ratios for 2016 and 2015 . (Round your answers to two decimal places.)
2016 total liabilities-to-stockholders' equity = Answer

2015 total liabilities-to-stockholders' equity = Answer

2016 total debt-to-equity = Answer

2015 total ebt-to-equity = Answer

(c) Compute times interest earned ratio, cash from operations to total debt ratio, and free operating cash flow to total debt ratios. (Round your answers to two decimal places.)
2016 times interest earned = Answer

2015 times interest earned = Answer

2016 cash from operations to total debt = Answer

2015 cash from operations to total debt = Answer

2016 free operating cash flow to total debt = Answer

2015 free operating cash flow to total debt = Answer

C++

For this assignment, you will create a search benchmark, that is a comparison between the Linear and Binary Search algorithm on the same list of names provided in a text file.

1. Ask the user to enter a filename
2. Ask the user to enter a name; this is the search item.
3. Loop until you reach the end of the file and read all the names and store them in an array. Ensure that the array is large enough, for now a size of 50 is good.

i) Make sure that you do not occur an out of bounds error on the array.

ii) You can convert the case of the names in the file as soon as you read it and store it in an array.
4. Your program should call a function that uses the Linear Search algorithm to locate the search item.

i) Make sure you make your comparisons case insensitive. That is, convert the user entered name to upper case for the assignment (converting to lower case will also result the same but I am testing with upper case values) before any comparison.

ii) Your function should keep a count of the number of comparisons it makes until it finds the value or reaches the end of the array.
5. Your program should then call a function that uses the Binary Search algorithm to locate the same value. It should also keep count of the number of comparisons it makes.
6. Display the number of comparisons that both the algorithms make.

Hints:

• Even though, for now the 'names.txt' only contains first names, don't forget to use getline() to read the names both from the file and from the standard input device.
• getline(inFile, name) will read from the file you opened and attached to inFile and store the result in the string variable name. The string variable can be an array element as well.
• You can use the following code to convert the strings to all uppercase. Write a function convertToUpperCase(string &) that takes a string value by reference and converts it to uppercase using the following code:

//string userInput contains the user's input or a name read from the file
for(int index = 0; index < userInput.length(); index++)
{
if(userInput[index] >= 'a' && userInput[index] <= 'z')
userInput[index] = toupper(userInput[index]);
}
cout << "uppercase is: " << userInput << endl;

• Other functions that you need to write should have the following prototypes:
  • int getFileInput(string [], int, string): the arguments are the string array, the size of the array and the user input (search item that you need to search for in the array).
  • int linearSearch(const string [], string, int, int &): the arguments are the string array, search item, the size of the array and the number of comparisons passed by reference.
  • int binarySearch(const string [], string, int, int &): the arguments are the string array, search item, the size of the array and the number of comparisons passed by reference.

Example 1: Your program should start by getting the file name from the user, followed by a name as user input.

Enter the file name: names.txt 
Enter name to search:

Let's say the user enters 'Sarah' as input then the output should be the following:

Enter name to search: Sarah

Using Linear Search, SARAH was found in the array in 32 comparisons.
Using Binary Search, SARAH was found in the array in 9 comparisons.

Example 2:

Enter name to search: Amy

Using Linear Search, AMY was found in the array in 2 comparisons.
Using Binary Search, AMY was found in the array in 9 comparisons.

Example 3:

Enter name to search: Virginia

Using Linear Search, VIRGINIA was found in the array in 35 comparisons.
Using Binary Search, VIRGINIA was found in the array in 13 comparisons.

Example 4:
If at any time the user enters a file name that doesn't exist, or your program is unable to open the file, you should display an error message. For example, if input.txt file doesn't exist, the output should be the following.

Enter file name: input.txt
Error!! Could not open file!

create a C++ Program

1. Ask and get a course name

2. Create an array of students of size 10,

3. Initialize the elements of the students array of appropriate names and grades

4. Create an object of class GradeBook (provide the course name and the created student array, in 3 above, as arguments to the constructor call. The arguments are used to initialize the data members of the class GradeBook.

Desired Output:

=========================================================

Enter course name: Object Oriented Programming

=====================Entering Students' Information===============================

Enter the name and grade for 10 students

student # 1 name: John

Student # 1 grade : 100

student # 2 name: Mark

Student # 2 grade : 100

student # 3 name: Jesus

Student # 3 grade : 89

student # 4 name: Tony

Student # 4 grade : 87

student # 5 name: Leo

Student # 5 grade : 79

student # 6 name: Don

Student # 6 grade : 75

student # 7 name: Devin

Student # 7 grade : 83

student # 8 name: Xavier

Student # 8 grade : 90

student # 9 name: jerry

Student # 9 grade : 25

student # 10 name: Jones

Student # 10 grade : 46

============================================================================

Welcome to the grade book for

Object Oriented Programming!

=====================After Processing Class's Grade===============================

The grades are:

Jonh  : 100

Mark : 100

Jesus: 89

Tony : 87

Leo: 79

Don : 75

Devin: 83

Xavier : 90

Jerry : 25

Jones : 46

Class average is 77.40

Lowest grade is 25

Highest grade is 100

Grade distribution:

0-9:

10-19:

20-29: *

30-39:

40-49: *

50-59:

60-69:

70-79: **

80-89: ***

90-99: *

100: **

Press any key to continue . . .

SAMPLE CODE!!!!!!!!!!!!!!!!!!!!!!!!

GradeBook.h

GradeBookDriver.cpp

Using an Aging Schedule to Account for Bad Debts

Sparkle Jewels distributes fine stones. It sells on credit to retail jewelry stores and extends terms that require the stores to pay in 60 days. For accounts that are not overdue, Sparkle has found that there is a 90% probability of collection. For accounts up to one month past due, the likelihood of collection decreases to 75%. If accounts are between one and two months past due, the probability of collection is 60%, and if an account is over two months past due, Sparkle Jewels estimates only a 40% chance of collecting the receivable.

On December 31, 2016, the credit balance in Allowance for Doubtful Accounts is $11,500. The amounts of gross receivables by age on this date are as follows:

Required:

1. Prepare a schedule to estimate the amount of uncollectible accounts at December 31, 2016.

2. On the basis of the schedule in part (1), prepare the journal entry on December 31, 2016, to estimate bad debts. Indicate the effect on financial statement items by selecting "–" for decrease (or negative effect), "+" for increase (or positive effect) and "NE" for No Entry (or no effect) on the financial statement.

3. Show how accounts receivable would be presented on the December 31, 2016, balance sheet.

Oshimbala Foods Ltd is a fast food company that operates many outlets across the country. The reporting period of Oshimbala Foods Ltd ends on 31 October. Oshimbala Foods Ltd is not registered as a VAT vendor.

MATTER 1

On 1 November 2014 Oshimbala Foods Ltd purchased equipment with an invoice price of N$ 273 600 under a lease agreement. The lease payments will consist of equal annual instilments over a period of 4 years, payable in arrears. The interest rate applicable on this lease agreement is 8% per year. All payments due have been paid on time each year. The equipment is depreciated on the straight line basis over 5 years with no residual value.

Required:

Disclose the long term borrowings note applicable to the lease liability in the Statement of Financial Position of Oshimbala Foods Ltd on 31 October 2016 in accordance with International Financial Reporting Standards. Note: Round disclosed amounts to the nearest Dollar.

MATTER 2

On 1 January 2016 Oshimbala Foods Ltd signed a 3-year rental agreement on a new outlet to be opened in Maruua Mall. The business was able to negotiate a very good deal on this 3-year rental agreement. For the first year of the agreement, Oshimbala Foods Ltd will not have to pay any rent on the outlet. In the second year of the contract, the business will pay N$ 2 500 rental per month and in the third (last) year of the agreement Oshimbala Foods Ltd will pay N$ 5 000 per month. The accountant of Oshimbala Foods Ltd did not recognize any entries in the accounting records of the business for the period ended 31 October 2016 since no payments had to be made during the first year of the agreement.

Required:

a) Explain whether the accountant of Oshimbala Foods Ltd was correct in not recording any journal entries on the rental agreement for the period ended 31 October 2016 in accordance with International Financial Reporting Standards.

b) Provide the journal entry (if any) to appropriately account for the rental agreement in the accounting records of Oshimbala Foods Ltd for the reporting period ended 31 October 2016.

(Total 30 MARKS)

On 1 July 2015, Richard Ltd acquired all the issued shares of Elizabeth Ltd. The following information relates to the inter entity transactions that have occurred between Richard and Elizabeth to June 2017.

Inter entity Transactions

(a) Richard Ltd sells certain raw materials to Elizabeth Ltd to be used in its manufacturing process.

At 1 July 2016, Elizabeth Ltd held inventory sold to it by Richard Ltd in the previous year at a profit of $600. During the 2016–17 year, Richard Ltd sold inventory to Elizabeth Ltd in the current year for $21 000. None of this was on hand at 30 June 2017.

(b) Elizabeth Ltd also sells items of inventory to Richard Ltd. During the 2016–17 year, Elizabeth Ltd sold goods to Richard Ltd for $4500. At 30 June 2017, inventory which had been sold to Richard Ltd at a profit of $300 was still on hand in Richard Ltd’s inventory.

(c) On 1 July 2016, Elizabeth Ltd sold an item of plant to Richard Ltd for $15 000. This plant had a carrying amount in the records of Elizabeth Ltd of $14 000 at time of sale. This type of plant is depreciated at 10% p.a. on cost.

(d) On 1 January 2016, Richard Ltd sold an item of inventory to Elizabeth Ltd for $18 000. The inventory had cost Richard Ltd $16 000. This item was classified by Elizabeth Ltd as plant. Plant of this type is depreciated by Elizabeth Ltd at 20% p.a.

(e) On 1 March 2017, Elizabeth Ltd sold an item of plant to Richard Ltd. Whereas Elizabeth Ltd classified this as plant, Richard Ltd classified it as inventory. The sales price was $9000 which included a profit to Elizabeth Ltd of $1500. Richard Ltd sold this to another entity on 31 March for $9900.

(f) The tax rate is 30%.

Required:

Prepare consolidation journal entries required at June 30 2017 to eliminate the effects of inter entity transactions between Richard and Elizabeth. Note: BCVR and preacquisition entries are NOT required for this question.

Some recent financial statements for Smolira Golf, Inc., follow. SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2015 and 2016 2015 2016 2015 2016 Assets Liabilities and Owners’ Equity Current assets Current liabilities Cash $ 3,251 $ 3,407 Accounts payable $ 2,143 $ 2,580 Accounts receivable 4,777 5,801 Notes payable 1,740 2,096 Inventory 12,438 13,802 Other 88 105 Total $ 20,466 $ 23,010 Total $ 3,971 $ 4,781 Long-term debt $ 13,600 $ 16,360 Owners’ equity Common stock and paid-in surplus $ 37,000 $ 37,000 Fixed assets Accumulated retained earnings 15,644 38,966 Net plant and equipment $ 49,749 $ 74,097 Total $ 52,644 $ 75,966 Total assets $ 70,215 $ 97,107 Total liabilities and owners’ equity $ 70,215 $ 97,107 SMOLIRA GOLF, INC. 2016 Income Statement Sales $ 186,970 Cost of goods sold 126,003 Depreciation 5,353 EBIT $ 55,614 Interest paid 1,450 Taxable income $ 54,164 Taxes 18,957 Net income $ 35,207 Dividends $ 11,885 Retained earnings 23,322 Find the following financial ratios for Smolira Golf (use year-end figures rather than average values where appropriate): (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Enter the profitability ratios as a percent.) 2015 2016 Short-term solvency ratios a. Current ratio times times b. Quick ratio times times c. Cash ratio times times Asset utilization ratios d. Total asset turnover times e. Inventory turnover times f. Receivables turnover times Long-term solvency ratios g. Total debt ratio times times h. Debt−equity ratio times times i. Equity multiplier times times j. Times interest earned ratio times k. Cash coverage ratio times Profitability ratios l. Profit margin % m. Return on assets % n. Return on equity %

Retail Inventory Method

Turner Corporation uses the retail inventory method. The following information relates to 2016:

Required:

1. Compute the cost of the ending inventory under each of the following cost flow assumptions: FIFO. Round the cost-to-retail ratio to three decimal places. If required, round to the nearest dollar.

2. Compute the cost of the ending inventory under each of the following cost flow assumptions: Average cost. Round the cost-to-retail ratio to three decimal places. If required, round to the nearest dollar.

3. Compute the cost of the ending inventory under each of the following cost flow assumptions: LIFO. Round the cost-to-retail ratio to three decimal places. If required, round to the nearest dollar.

4. Compute the cost of the ending inventory under each of the following cost flow assumptions: Lower of cost or market (based on average cost). Round the cost-to-retail ratio to three decimal places. If required, round to the nearest dollar.