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Specimen paper
1. Given the following regular balance sheet of firm ABC (all data in 000. €).
Cash=200
Receivables
+ Inventories
+ Prepayments
= 600
Short term
Debt = 300
Short term
Not Interestbearing
Liabilities =400
Long term
Debt=400
Fixed Assets
= 500
SH Equity =200
re-write an EVA Balance Sheet in the empty box
2. Write the 2011 balance sheet and the income statement given the
following 2010 data:
Balance sheet (2010)
Valuable intangible assets
0
Net fixed assets
3.000 EQUITY
5.000
Financial assets
Long term assets
3.000 Payables
0
1.500 Financial debt ST
5.000
3.500 Financial debt LT
cash
0
Inventory
2000
receivables
4.000
TOTAL ASSETS
11.000
11.000
P&L (2010)
Net sales
16000
Total cogs
(-) 10.000
Gross Profit (added value)
HR costs & adm costs
6000
(-) 4.000
EBITDA
D&A
EBIT
int costs
Profit before Extr items
Ext items
PTP
2000
(-) 500
1500
(-) 300
1200
0
1200
Taxes
480
profit
720
And the following hypotheses for 2011:
1. inflation forecast for 2011 = 2%
2. sales 2011 + 10%
3. new investments 2011= + 1000 (5 yrs amortization period)
4. days receivables 2011 + 5 days compares to 2010
5. days inventories 2011 do not change compares to 2010
6. days payables+ 5 days compares to 2010
7. headcounts 2010 = 100
8. headcounts 2011 = 110
in order to compute the 2011 balance sheet assume a 2011 profit of 600. According
to my calculation (after rounding) the day receivables, inventories and payables are
for the year 2010:
day receivables
day inventories
day payables
2010
91
45
110
3. Using the BSC approach consider the customer perspective and list
at least 3 possible key performance indicators for this perspective:
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4. In what differs the modified BSC proposed by Steven P. Landry,Wai
Yee Canri Chan, and Terrance Jalbertin in their article on the "BSC for
multinational" with respect to the Kaplan and Norton classical BSC?
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5. List the main characteristics of the Transnational model
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6. Explain the critique that Bennett Stewart does in his “EVA
Momentum: The One Ratio That Tells the Whole Story” to the
classical accounting ratio to measure profitability.
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7. Please answer either part (a) OR part (b) of the following question.
(a)
or
(b)
Explain the distinction between absolute advantage and comparative advantage.
What effects does globalization have upon the health of people in developing countries
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