Study Course Investion, Finanzierung und Risikomanagement für Kleinere und Mittlere Unternehmen

Case Study
Term Paper
Winter Term 2011/2012
Study Course Investion, Finanzierung und Risikomanagement für Kleinere und Mittlere Unternehmen

Case Study
Term Paper
Winter Term 2011/2012

By
Prof. Dr. Tobias Popovic
By
Prof. Dr. Tobias Popovic
Submitted by
Bernardo Suárez González Student Identity Card: 299813 María de la Concepción Goitisolo Sopeña Student Identity Card: 299802

Submitted by
Bernardo Suárez González Student Identity Card: 299813 María de la Concepción Goitisolo Sopeña Student Identity Card: 299802

Stuttgart, 20.01.2012
Stuttgart, 20.01.2012

Table of Contents Assignment 1: D’Leon Inc. – Financial Statements and Taxes 1 Assignment 2: Allied Food Products – Capital Budgeting and Cash Flow Estimation 7 Annex 12 Affidavit 13

Assignment 1: D’Leon Inc. – Financial Statements and Taxes A. What effect did the expansion have on sales, after-tax operating income, net working capital (NWC), and net income? The impact on sales can be seen in Table IC3-2. Income Statements. Sales are the sum of Cost of goods sold and Other Expenses. In respect to 2007 there is an increase in sales powered, perhaps, by the excessive and unnecessary much publicity. Sales in 2007: $ 3,432,000 Sales in 2008: $ 6,034,000 Although sales in 2008 were higher than in 2007, the EBIT was negative ($ 130,948). The explanation may be that the lease interests (increased plant capacity and opening new offices) were lower than the previous year where EBIT was “$ 190,428”. The after-tax operating income is: EBIT-40%EBIT; lower in 2008 than in 2007. After-tax operating income 2007: $ 114,256.8 After-tax operating income 2008: -$ 78,568.8 NWC (Net