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    Use The Information in Exhibit 1 and Exhibit 2 To Answer Question 7 To 12

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    Nguyên Thảo
    The document provides financial information for Tuba Electronat for the years 2019 and 2020. This includes balance sheet data showing assets, liabilities and equity as well as income statement information including sales, costs, expenses, taxes, and net income. The notes provide additional context about the company including that it operates in the electronic equipment industry. Mai Linh, a financial analyst, is asked to use this information to calculate several financial metrics for Tuba including inventory turnover, receivables turnover, cash conversion cycle, dividend paid, EPS, interest coverage ratio, current ratio, quick ratio, cash ratio, and to assess whether Tuba's ROE is high or low using DuPont analysis.

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    Use The Information in Exhibit 1 and Exhibit 2 To Answer Question 7 To 12

    Uploaded by

    Nguyên Thảo
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    The document provides financial information for Tuba Electronat for the years 2019 and 2020. This includes balance sheet data showing assets, liabilities and equity as well as income statement information including sales, costs, expenses, taxes, and net income. The notes provide additional context about the company including that it operates in the electronic equipment industry. Mai Linh, a financial analyst, is asked to use this information to calculate several financial metrics for Tuba including inventory turnover, receivables turnover, cash conversion cycle, dividend paid, EPS, interest coverage ratio, current ratio, quick ratio, cash ratio, and to assess whether Tuba's ROE is high or low using DuPont analysis.

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    The document provides financial information for Tuba Electronat for the years 2019 and 2020. This includes balance sheet data showing assets, liabilities and equity as well as income statement information including sales, costs, expenses, taxes, and net income. The notes provide additional context about the company including that it operates in the electronic equipment industry. Mai Linh, a financial analyst, is asked to use this information to calculate several financial metrics for Tuba including inventory turnover, receivables turnover, cash conversion cycle, dividend paid, EPS, interest coverage ratio, current ratio, quick ratio, cash ratio, and to assess whether Tuba's ROE is high or low using DuPont analysis.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    70 views1 page

    Use The Information in Exhibit 1 and Exhibit 2 To Answer Question 7 To 12

    Uploaded by

    Nguyên Thảo
    The document provides financial information for Tuba Electronat for the years 2019 and 2020. This includes balance sheet data showing assets, liabilities and equity as well as income statement information including sales, costs, expenses, taxes, and net income. The notes provide additional context about the company including that it operates in the electronic equipment industry. Mai Linh, a financial analyst, is asked to use this information to calculate several financial metrics for Tuba including inventory turnover, receivables turnover, cash conversion cycle, dividend paid, EPS, interest coverage ratio, current ratio, quick ratio, cash ratio, and to assess whether Tuba's ROE is high or low using DuPont analysis.

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    of 1

    Page 2 / 3

    PART 2: TUBA ELECTORNAT (3.5 points)


    Use the information in Exhibit 1 and Exhibit 2 to answer Question 7 to 12.

    Mai Linh, financial analyst, is reviewing the financial information of Tuba Electronat. Tuba produces
    electronic equipment. Tuba’s financial information is presented in Exhibit 2 and Exhibit 3 and “Notes to
    the financial statements”.

    Exhibit 1: Balance Sheet (VND billion) Exhibit 2: Income Statement 31/12/2020 (VND bil.)
    2020 2019 1. Sales 3910
    A. Current Assets 2872 2077 2. Cost of sales 2664
    1. Cash 305 256 3. Gross profit 1246
    2. Receivables 980 749 4. Sale, general and administrative expenses 223
    3. Inventories 821 631 5. Depreciation expenses 182
    4. Other current assets 766 441 6. Operating profit 841
    B. Non-Current Assets 1440 1258 7. Other expenses 125
    5. Fixed assets, net 1120 995 8. Earnings before interest and tax 716
    5.1. Gross fixed assets 1450 1250 9. Interest expenses 225
    5.2. Accumulated (330) (255) 10. Earnings before tax 491
    depreciation
    6. Real estate investment 105 90 11. Taxes 90
    7. Other non-current assets 215 173 12. Net Income 401
    Total Assets 4312 3335 Notes to the financial statements:
    C. Liabilities 2016 1810
    - Industry: electronic equipment.
    CA. Current liabilities 445 301
    8. Trade payables 410 281 - There are 90 million shares outstanding at the end of
    9. Short-term debt 35 20 2019, and a share offering of 60 million shares on July
    CB. Non-Current Liabilities 1571 1509
    1st, 2020.
    10. Long-term debt 610 626
    11. Other 961 883 - Closing price per share as of Dec 31, 2020: 20000đ.
    D. Equity 2296 1525 - Corporate income tax rate 20%.
    12. Contributed Capital 1500 900
    - No stock dividend or share repurchase in 2020.
    13. Retained Earnings 796 625
    Total liabilities and equity 4312 3335

    Question 7: Calculate Tuba’s inventory turnover, receivables turnover, payables turnover, and cash
    conversion cycle. (1 point)

    Question 8: Calculate Tuba’s dividend paid in 2020. (0.25 points)

    Question 9: Calculate Tuba’s EPS in 2020. (0.25 points)

    Question 10: Calculate Tuba’s interest coverage ratio for 2020. (0.25 points)

    Question 11: Calculate Tuba’s current ratio, quick ratio, and cash ratio for 2020. (0.75 points)

    Question 12: The electronic industry average for asset turnover, net profit margin, and financial leverage
    are 0.9; 0.15; 2.0 respectively. Tuba’s return on equity is low or high? Explain your answer to Question 13
    using basic Dupont analysis, with detailed calculations. (1 point)

    End of Part 2.

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