Nama : Dhea Auwina
Nim : 19/ 453607/EE/07414
Latihan 9-4A
Jawaban :
Ending inventory
$ 15
Cost of goods sold (5/6 of sales)
125
140
Less beginning inventory
Purchases
25
$ 115
Lyon Corporation
Cash Forecast
For July, Year 6
Beginning cash balance
20
Cash collections
Beginning accounts receivable
Sales for month
20
150
170
Less: Ending accounts receivable
21
Cash available
149
169
Cash disbursements
Beginning accounts payable
Purchases
18
115
133
Ending accounts payable (25% of purchases)
Miscellaneous outlays
29
104
11
Cash balance
54
Minimum cash balance desired
30
Excess cash
24
Soal 9-2
Jawaban :
a. Gunakan rasio yang telah disiapkan di buku untuk menyiapkan proyeksi laporan laba
rugi, neraca, dan laporan arus kas untuk Tahun 3.
Best Buy – Project Income Statement
Income statement
Net sales
Cost of goods
Gross profit
Selling general & administrative expense
Depreciation & amortization expense
Income before tax
Income tax expense
Net income
Outstanding shares
Best Buy - Rasio
Rasio
Sales growth
Gross Profit Margin
Selling General & Administrative Exp / Sales
DEPRECIATION (depn exp / pr yr PPE gross)
Tax (Inc Tax / Pre-tax inc)
Estimasi thn ke 3
18.800
15.048
3.752
2.761
304
688
263
425
208
Thn ke 2
15.326
12.267
3.059
2.251
167
641
245
396
208
Thn ke 1
12.494
10.101
2.393
1.728
103
562
215
347
200
Estimasi Thn ke 3 Thn ke 2
22,67%
22,67%
19,96%
19,96%
14,69%
14,69%
15,28%
15,28%
38,22%
38,22%
Best Buy - Proyeksi Balance Sheet
BALANCE SHEET
Cash
Receivables
Inventories
Other
Total current assets
Estimasi thn ke 3 Thn ke 2 Thn ke 1
196
746
751
384
313
262
2.168
1.767
1.184
102
102
41
2.850
2.928
2.238
Property, plant & equipment
Accumulated depreciation
Net property & equipment
3.249
847
2.403
1.987
543
1.444
1.093
395
698
Other assets
Total assets
466
5.719
466
4.838
59
2.995
Accounts payable & accrued liabilities
Short-term debt & cumulated
Income taxes
Total current liabilities
3.034
114
136
3.284
2.473
114
127
2.714
1.704
16
65
1.785
122
67
189
122
181
303
100
15
115
Common stock
Capital surplus
Retained earnings
Shareholder equity
20
576
1.650
2.246
20
576
1.225
1.821
20
247
828
1.095
Total liabilities & net worth
5.719
4.838
2.995
Long term liabilities
Long term debt
Total long-term liabilities
Best Buy – Proyeksi Rasio Keuangan
Rasio
AR Turnover
Inventory Turnover
Ap Turnover
Tax Pay (Tax Pay/Tax Expense)
Flev
Div/Sh
CAPEX
CAPEX/Sales
Estimasi thn ke 3 Thn ke 2 Thn ke 1
48,96
48,96
47,69
6,94
6,94
8,53
4,96
4,96
5,93
51,83%
51,83%
30,23%
2,55
2,66
2,74
0
0
0
1.262
1.09
416
57,715
57,715
3.33%
Best Buy – Proyeksi Arus Kas Tahun ke 3
Net income
Depreciation
Accounts receivable
Inventories
Accounts payable
Income taxes
Net cash flow from operations
CAPEX
Net cash flow from investing activities
Long term debt
Additional paid in capital
Dividends
Net cash flow from financing activities
Net change in cash
Beginning cash
Ending cash
425
304
-71
-401
561
9
827
-1.262
-1262
-114
0
0
-114
-550
746
196
b. Berdasarkan prediksi diatas maka terlihat bahwa Best Buy akan membutuhjan sekitar
550 juta dari pembiyaan eksternal untuk menghasilkan sekitar 750 juta. dalam menjaga tingkat
leverage keuangan suatu perusahaan maka analis harus bisa mengalokasikan pembiayaan diantara
utang dan ekuitas perusahaan Best Buy.