chapter 2 财务管理(英语)作业精要.docVIP

Chapter 2 Introduction to Financial Statement Analysis 15. Find online the 2012 annual report Green Mountain Coffee Roasters (GMCR), filed in September 2012. Answer the following questions from its cash flow statement: a. How much cash did Green Mountain generate from operating activities in 2012? Answer： generate from operating activities：$ 477785 b. What was Green Mountain’s depreciation expense in 2012? Answer：depreciation expense：$ 135656 ； depreciation expense are corporate assets, interest expense, foreign exchange gains or losses, certain corporate legal and acquisition-related expenses and compensation of the board of directors. c. How much cash was invested in new property and equipment (net of any sales) in 2012? Answer：137733+618 = $ 138351 d. How much did Green Mountain raise from the sale of shares of its stock (net of any purchases)in 2012? Answer： raised?from the sale of shares of its stock in 2012： $ 12,092. 19. In April 2013, General Electric (GE) had a book value of equity of $123 billion, 10.3 billion shares outstanding, and a market price of $23 per share. GE also had cash of $90 billion, and total debt of $397 billion. a. What was GE’s market capitalization? What was GE’s market-to-book ratio? Answer: market capitalization = 10.3*1000000*23 = $ 236.9 billion market-to-book ratio = 236.9*1000000 / (123*1000000) = 1.93 b. What was GE’s book debt-equity ratio? What was GE’s market debt-equity ratio? Answer： book debt-equity ratio = 397 / 123 = 3.23 market debt-equity ratio = 397 / 236.9 = 1.68 c. What was GE’s enterprise value? Answer: enterprise value = 236.9+397-90 = 543.9 billion 34. Find online the annual report for Green Mountain Coffee Roasters (GMCR) for its 2012 fiscal year, filed in September 2012. a. Compute Green Mountain’s net profit margin, total asset turnover, and equity multiplier. Answer： net profit margin=net income/sales=363500/3859198=0.094 Total asset turnover=sales/total assets=3859198/361578