# FIN 534 - Homework Set 1 - 89694

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IN 534 – Homework Set 1 -For Sunday

Directions: Answer the following questions on a separate document. Explain how you reached the answer or show your work if a mathematical calculation is needed, or both. Submit your assignment using the assignment link in the course shell. This homework assignment is worth 100 points.

Use the following information for Questions 1 through 8:

Assume that you recently graduated and have just reported to work as an investment advisor at the one of the firms on Wall Street. You have been presented and asked to review the following Income Statement and Balance Sheets of one of the firm’s clients. Your boss has developed the following set of questions you must answer.

Income Statements and Balance Sheet Balance Sheet

2012

2013

Cash

\$9,000

\$7,282

Short-term investments

48,600

20,000

Accounts receivable

351,200

632,160

Inventories

715,200

1,287,360

Total current assets

\$1,124,000

\$1,946,802

Gross fixed assets

491,000

1,202,950

Less: Accumulated depreciation

146,200

263,160

Net fixed assets

\$344,800

\$939,790

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