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F. Naz
F. Naz, Chartered Accountant
Category: Homework
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Experience:  Experience with chartered accountancy
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Click here to download the selected financial statements for

Customer Question

Click here to download the selected financial statements for Micro Chip Computer Corporation. Answer questions 1 and 2 below based on the financial data.

Determine the year-to-year percentage annual growth in total net sales.
Based only on your answers to question #1, do you think the company acheived its sales goal of +10% annual revenue growth in 2009? Determine the target revenue figure, and explain why you do or do not feel that the company hit its target.
Next, consider Micro Chip's Consolidated Statement of Operations for the year ended September 25, 2008. Download the file here and answer questions 1 and 2.

Use the Percentage Sales Method and a 20% increase in sales to forecast Micro Chip's Consolidated Statement of Operations for the period of September 26, 2008 through September 25, 2009. Assume a 15% tax rate and restructuring costs of 2% of the new sales figure.
Discuss your results from question number #1. What assumptions have you made? Do any of your assumptions seem unreasonable?
To receive full credit on this assignment, please show all work, including formulae and calculations used to arrive at the financial values. Students using Microsoft Excel must provide an adequate explanation of the methodology used to arrive at that answer.

Assignment Guidelines:

Download the financial statements and consolidated statement of operations by clicking on the links above in the assignment description.
Analyze the statements and then answer the four questions listed in the assignment description.
Show all work including calculations and formulas. If applicable, provide a detailed explanation of how you used Microsoft Excel to arrive at your answers.
Organize your answers, mathematical calculations, and Microsoft Excel data into a Word document of 1–2 pages.
Submitted: 2 years ago.
Category: Homework
Expert:  F. Naz replied 2 years ago.
It will be my pleasure to do the assingment, but the link has not been provided for downloading the financial statements of the company, please also mention your deadline, thanks.
Customer: replied 2 years ago.

Link One

 

Fiscal Years 20082007200620052004
(in millions except shares and per share amount) 00000
Net sales $ 8,334.00 $ 6,141.00 $ 9,181.00 $ 11,933.00 $ 11,062.00
net income (Loss) $ 811 $ 519 $ (1,245) $ (995.00) $ 424.00
Earnings (loss per common share: 00000
Basic $ 5.65 $ 3.84 $ (9.15) $ (6.89) $ 3.50
Diluted $ 4.64 $ 3.07 $ (9.15) $ (6.89) $ 3.45
Cash Dividends delcared per common share 000 $ 0.12 $ 0.48
Shares isned in computing earnings(loss) Per share (in thousand) 00000
Basic $ 143,500 135,00 $ 136,000 $ 144,500 $ 121,192
Diluted $ 174,900 169,00 $ 136,000 $ 144,500 $ 123,047
Cash , Cash equivalents, and short -term investments $ 5,426 $ 4,600 $ 3,859 $ 3,945 $ 952
Total Assets $ 6,161 $ 5,289 $ 5,233 $ 6,364 $ 6,231
Long-Term debt $ 300 $ 954 $ 951 $ 949 $ 303
Shareholders equity $ 3,104 $ 1,642 $ 1,200 $ 2,058 $ 2,901

 

Link Two

Micro Chip Computer Corporation

Consolidated Statements of Operations For the period September 26, 2007 through

September 25, 2008 Sales

$8,334.00

Cost of Sales

$5,458.00

Gross Margin

$2,876.00

Operating expenses:

R & D

$525.00

Selling, General, and Administrative

$691.00

In‐process R & D

‐‐‐‐‐‐‐‐‐

Restructuring costs

‐‐‐‐‐‐‐‐‐

Total Operating Exp

$1,216.00

Operating income

$1,660.00

Total interest and other Income net

$194.00

Income before provision for Income taxes

$1,854.00

Provision for income Taxes (15%)

$278.10

Net income

$1,575.90

 

 

I need this by midnight tonight..

I have tried so many ways and this one has stumped ,,,

Thank you for your help

Expert:  F. Naz replied 2 years ago.


Have a nice day

Click here for solution
Please do not hesitate to ask further and if you are satisfied do not forget to click on ACCEPT button so I get paid for my efforts, thanks
F. Naz, Chartered Accountant
Category: Homework
Satisfied Customers: 4087
Experience: Experience with chartered accountancy
F. Naz and 7 other Homework Specialists are ready to help you
Customer: replied 2 years ago.
I cant open your solution,, to have have to click accept answer before I can open it
Expert:  F. Naz replied 2 years ago.


Click here for solution

I am again sending the solution, thanks.
Customer: replied 2 years ago.

I have 2010 and the answer is in 2003 does that make that much of a difference

 

Here is my email...

XXXXX@XXXXXX.XXX

I will accept the answer so you get paid but I really need this $70 answer

Expert:  F. Naz replied 2 years ago.
THIS ANSWER IS LOCKED!
You can view this answer by clicking here to Register or Login and paying $3.
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Customer: replied 2 years ago.

I got it,,.. Thank you so much. Have a great weekend

Expert:  F. Naz replied 2 years ago.
Thanks and take care.
Customer: replied 2 years ago.
  • Find an estimate of the risk-free rate of interest (krf). To obtain this value, go to Bloomberg.com: Market Data and use the "U.S. 10-year Treasury" bond rate (middle column) as the risk-free rate. In addition, you also need a value for the market risk premium. Use an assumed market risk premium of 7.5%.
  • Download the XYZ Stock Information by clicking the link.
  • Using the information from the XYZ Stock Information document, record the following values:
    • XYZ's beta (ß)
    • XYZ's current annual dividend
    • XYZ's 3-year dividend growth rate (g)
    • Industry P/E
    • XYZ's EPS
  • With the information you recorded, use the CAPM to calculate XYZ's required rate of return (ks).
  • Use the CGM to find the current stock price for XYZ. We will call this the theoretical price (Po).
  • Now use the XYZ Stock Information to find XYZ's current stock quote (P). Compare Po and P and answer the following questions:
    • Are there any differences?
    • What factors may be at work for such a difference in the two prices?
  • Now assume the market risk premium has increased from 7.5% to 10% and this increase is due only to the increased risk in the market. In other words, assume the krf and the stock's beta remain the same for this exercise.
    • What will the new price be? Explain.
  • Recalculate XYZ's stock price using the P/E ratio model and the needed info found in the XYZ Stock Information file.
    • Why is the present stock price different from the price arrived at using CGM (Constant Growth Model)?
  • If you used Microsoft Word to arrive at your answers, then you must provide an explanation of the formulas and calculations.

Your submitted assignment (125 points) must include the following:

  • A double-spaced Word document of 2-3 pages that contains the following:
    • All of the numerical values listed in the assignment guidelines.
    • Your answers to the four questions in the assignment guidelines.
    • The formulas and calculations that you used to arrive at your answers
  • You must include your explanation of how you used Microsoft Excel for your calculations if applicable.

XYZ Stock information

 

 

 

 

 

 

Expert:  F. Naz replied 2 years ago.
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