Amerbran Company (b) Solution

8/10/2019 Amerbran Company (b) Solution

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Amerbran Company (B)

riri - nike - heru - david - adit - heri


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AMERBRAN COMPANYIncome Statement As of December 31, 20x0

Sales Revenue, net $ 6,557,480

Cost of sales $ 2,573,350

Excise taxes on goods sales $ 2,354,350

Gross Margin $ 1,649,780

Selling, general & adm. exp. $ 974,121

Income before taxes $ 675,659

Provision for income taxes $ 296,877Net Income $ 378,782

Comment on Amerbran treatment of excise taxes as part of calculation of Gross Margin

- excise tax / tax beamasuk

- excise tax merupakanbagian dari cost of sales

- Gross margin tidak

overstated


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20x020x1

Return on Equity = Net IncomeShareholder Equity

RETURN ON INVESTMENT

Return on Assets = Net Income + Interest*(1-tax)Total Assets

378.782 + 105.165 (1 - 0.439)4.433.488

328.773 + 102.791 (1 - 0.455)4.433.488

9.87% 7.97%>378.782 + 105.165 (1 - 0.439)

4.433.488328.773 + 102.791 (1 - 0.455)

4.433.488

17.35% 14.17%

>


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PROFITABILITY

Gross Margin % = Gross MarginNet Sales Revenue

1.649.7806.557.480

1.931.4387.622.677

25.08% 25.33%20x020x1


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INVESTMENT UTILIZATION

Asset Turnover = Sales RevenueTotal Asset

6.557.4804.433.448

7.622.6774.826.512

1.48 x 1.58 xDays Inventories = Inventory

Cost of Sales / 365

1.255.4022.573.350 / 365

1.244.9122.803.623 / 365

173.8 days 162.1 days

>

INVESTMENT UTILIZATION (2)

20x020x1


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Inventory TO = Gross MarginNet Sales Revenue

2.573.4021.225.402

2.803.6231.244.912

2.05 x 2.25 x


20x020x1


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Acid Test Ratio = Monetary Current AssetCurrent Liabilities

711.2271.317.751

785.0641.625.218

0.54 0.48>


20x020x1


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Debt/Capitalization Ratio = Non-Current Liabilities (NCL)NCL + Shareholder Equity

932.8283.115.697

880.6743.201.294

29.94% 27.51%>Times Interest Earned = Pretax Op. Profit + Interest

Interest

780.824105.165

706.122102.791

7.42 x 6.87 x

>

FINANCIAL CONDITION

20x020x1


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Penyebab perubahan Rekomendasi

PROFITABILITY

- Meningkatkan revenue denganprice strategy

- meningkatkan cash- Meningkatkan Monetary asset- Menurunkan liabilities- Meminimalisir expense

Gross Margin % - Peningkatan revenue

Return on Sales - Penurunan net income

INVESTMENT UTILIZATION

Asset Turnover - Peningkatan revenue

Days Cash - Peningkatan expenseDays Receivable - Penurunan acc. receivable

Days Inventories - Penurunan cost of sales

Inventory Turnover - Peningkatan Gross Margin

Current Ratio- Peningkatan cur. liabilities

Acid Test Ratio

FINANCIAL CONDITION

Debt / Capital. Ratio - Penurunan Opt. Profit

Times Interest Earned - Penurunan Opt. Profit

Apa yang menyebabkan perubahan ratio?Apa rekomendasinya?

Documents

Amerbran Company (b) Solution