- •Exercise 1.
- •Exercise 2.
- •Exercise 3
- •Information about structure of Current Assets and sources it’ financing
- •Exercise 4
- •Exercise 5
- •Exercise 6
- •Exercise 7
- •Table 1 Measuring the value of a capital:
- •Table 2 Calculating the average value of capital
- •Exercise 8
- •Table 1 Calculation the level of financial profitability of enterprise in different variants of the structure of the capital
- •Exercise 9
- •Guiven data
- •Calculation the average value of capital in different variants of capital structure
- •Exercise 10
- •Exercise 11
- •Table 1 Calculation of level of operational, financial, combined leverage and it’s influence on level of financial profitability of enterprise
- •Exercise 12
- •Table 1 Calculating the credit costs in a bank “a” compared to Market terms
- •Exercise 13
- •Calculation the additional net cash flow of real investment project
- •Exercise 14
- •Table 1 Analysis of changes balance indicators.
- •Table 2 Розрахунок обсягу чистого грошового потоку підприємства з операційної діяльності.
- •Exercise 15
- •Table 1 Аналіз джерел формування та напрямків використання грошових коштів підприємства.
- •Table 2 Balancing Cash Flows analysis and analysis of effective it’s management
- •Exercise 16
- •Table 1 Calculation the main ways spending cash flows in operational activity
- •Calculation the level, synchronized and effectiveness of management cash flow
- •Exercise 17
- •Table 1 Cash Flow Plan in the next to Current period
Table 2 Calculating the average value of capital
Indicators |
Amount, thousand UAH |
Питома вага, % |
Value,% |
1. Капітал, сформований за рахунок емісії звичайних акцій |
|
|
|
2. Капітал, сформований за рахунок привілейованих акцій |
|
|
|
3. Капітал сформований за рахунок довгострокових банківських позик |
|
|
|
Average Value of Capital |
|
|
|
Exercise 8
Choose the optimal structure of capital on criteria the maximal rate of financial profitability of enterprise:
Amount of owners capital of enterprise – 220 thousand UAH.
The rate of Return on Assets (without interest payments) – 12%
The minimal rate of credit interest – 9%
The interest for bank credit risk depends on coefficient of financial leverage as follows:
Coefficient of financial leverage |
0,3-0,8 |
0,9-1,3 |
1,4-2 |
Interest for credit risk, % |
0,5 |
1,0 |
1,5 |
The enterprise can include following amounts of loans:
А) 120 thousand UAH;
B) 220 thousand UAH;
C) 280 thousand UAH.
Table 1 Calculation the level of financial profitability of enterprise in different variants of the structure of the capital
Indicator |
Variants |
|||
№1 |
№2 |
№3 |
№4 |
|
1. Amount of the owner’s capital, thousand UAH |
|
|
|
|
2. Possible amount of debts, thousand UAH |
|
|
|
|
3. Total amount of capital, thousand UAH |
|
|
|
|
4. Coefficient of financial leverage |
|
|
|
|
5. Coefficient валової рентабельності, % |
|
|
|
|
6. The minimal rate of credit interest, % |
|
|
|
|
7. Interest for risk, % |
|
|
|
|
8. The rate of credit interest including the interest for risk, % |
|
|
|
|
9. Сума валового прибутку до вирахування відсотків за кредит, thousand UAH |
|
|
|
|
10. Amount of credit interest, thousand UAH |
|
|
|
|
11. Сума валового прибутку, thousand UAH |
|
|
|
|
12. The rate of tax on profit, % |
|
|
|
|
13. Amount of tax on profit, thousand UAH |
|
|
|
|
14. Net profit, thousand UAH |
|
|
|
|
15. Coefficient profitability of owners capital, % |
|
|
|
|