[Get Solution] West Point Supply

Assignment:   Session 1:   a.       Prepare a Statement of Cash Flows for WPS for the company’s 2017 forecast and for the actual 2017 results.  (Use the format for the Statement of Cash Flow outlined in the reading from the case packet.  Hint:  Be sure to take into account the information in footnote b on page 4 of the case regarding fixed assets.  This will affect your statement of cash flows.  Remember:  Beginning Fixed Assets + Asset Purchases – Asset Write-offs = Ending Fixed Assets and, from footnote b, Write-offs = $20,000.  You can use this relationship to calculate Asset Purchases.)   b.       Examine the Statement of Cash Flows so as to identify areas in which significant deviations from the plans occurred.  (A spreadsheet for WPS is available on Blackboard.)   Session 2:    a.       Use key financial ratios to determine what events occurred during 2017 to affect the company’s financial position.  Ratios are presented in the case packet reading “Financial Planning, Financial Ratios and Pro Forma Financial Statements” and in RWJ&J. Be prepared to address the following questions:  Is the company growing (i.e., calculate the year-to-year growth rate of sales)?  Are receivables in control?  (Calculate days sales outstanding (DSO) through time.)  Is inventory in control?  (Calculate days of inventory through time.)  Are payables being managed prudently (Note:  See footnote a to the income statements)?  Is the company’s debt usage in control?  Is the cost of goods sold in control?  Are operating and administrative expenses in control?  Is the company profitable?  Is profitability improving?  (Pay particular attention to the following ratios.  These ratios can be used to answer the preceding questions:  days sales outstanding (DSO), days of purchases outstanding (DPO), days of inventory, total debt ratio, profit ratios, and interest coverage ratio.)  In addressing these questions, calculate the ratios for each year’s actual financial statements and for the forecast financial statements.  In calculating ratios, use end-of-period balances except for profit ratios.  (Use the beginning of year balance sheet data in calculating profit ratios.)   b.       What implications do the deviations from the plan and the general 2017 operating results have for the company and the bank?  What financial strategies seem desirable during 2018?  (Be especially aware of the implicit cost of trade credit.  See the reading in the case packet.)   c.       If you were WPS’s banker, what would you do?

Struggling to find relevant content? Order a custom essay on
[Get Solution] West Point Supply
Let our experts save you the hassle
Order Now
Calculate the price
Make an order in advance and get the best price
Pages (550 words)
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
Sign up, place your order, and leave the rest to our professional paper writers in less than 2 minutes.
step 1
Upload assignment instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Get personalized services with GPA Fix
One writer for all your papers
You can select one writer for all your papers. This option enhances the consistency in the quality of your assignments. Select your preferred writer from the list of writers who have handledf your previous assignments
Same paper from different writers
Are you ordering the same assignment for a friend? You can get the same paper from different writers. The goal is to produce 100% unique and original papers
Copy of sources used
Our homework writers will provide you with copies of sources used on your request. Just add the option when plaing your order
What our partners say about us
We appreciate every review and are always looking for ways to grow. See what other students think about our do my paper service.
Criminal Justice
Great work! Followed directions to the latter.
Customer 452485, September 1st, 2021
Social Work and Human Services
Great Job!
Customer 452587, October 27th, 2021
Not all sources were " American sources" as directed
Customer 452615, September 16th, 2021
Thank you!
Customer 452707, April 3rd, 2022
Thank you!
Customer 452707, October 16th, 2022
English 101
thank you
Customer 452483, February 27th, 2021
Great work! I can tell they put great effort in completing this assignment. Thank you.
Customer 452707, October 14th, 2022
Excelled job on the paper!
Customer 452885, December 28th, 2022
Social Work and Human Services
Excellent Work!
Customer 452587, September 16th, 2021
Excellent job on the paper!
Customer 452885, December 28th, 2022
Professions and Applied Sciences
Thank you!
Customer 452707, March 4th, 2022
Business and administrative studies
Customer 452813, June 20th, 2022
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat
error: Content is protected !!

Save More. Score Better. Use coupon code SPECIAL for a 15%discount