Kelompok 4:

 Vania Marlin (3203016023)

 Elisabeth Mau Ongo (3203016292)
 Hana Tolego (3203018076)
 Jeffry Suhartono (3203018083)

(76) Problem Two:

Identify Industries Company A is the discount retail store as evidenced by:

- very low return on sales.
- highest inventory turnover.
- highest accounts receivable turnover.

Company B is the drug manufacturer as evidenced by:

- high R&D expenditure.

- high advertising expenditure.

Company C is the utility as evidenced by:

- low asset turnover.

- very low advertising expenditures.
- relatively high debt/equity.
- undefined inventory turnover

(77) balance sheet usher Inc

Usher Inc

(dalam ribuan)
Sales $2500
Net income 200
COGS 1500
Usher Inc
(dalam ribuan)
 Assets
Cash and cash equivalent $ 25
Receivables 208
Inventories 83
Total current assets 317

Noncurrent asset 1000

Total assets $1317

Liability and equity

Current liability $ 49
Long term debt equity 634
Total liability 683
Stock holder equity
Common stock 200
Retained earning 234 434
Total stockholder equity 634
Total liabilities and equity $1317

(79)

Year 2005 2006 2007 2008 2009

Net Income $ 5,175 $ 6,210 $ 7,462 $ 8,570 $ 8,998
Add: Depreciation 621 702 793 896 1013
Deduct: Increase In working
capital $ (675) $ (1,035) $ (1,242) $ (1,118) $ (428)
Deduct: Capital expenditures $ (5,625) $ (8,625) $ (10,350) $ (9,315) $ (3,571)
Add: New debt issued $ 900 $ 4,500 $ 5,500 $ 3,900 $ -
Deduct: old debt retired $ (987) $ (750) $ (990) $ (2,000) $ (2,000)
Free cash flow to equity $ (591) $ (1,002) $ (1,173) $ (933) $ (4,012)
(81) A. Bunga setengah tahunan = ($20.000 × 0,10 × 0,5) = $1.000

Bunga setengah tahunan akan diterima selama 20 periode

Tingkat diskon = 6% (setengah tahunan)

Pokok $20.000, didiskon selama 20 periode pada 6%

Nilai obligasi = $17.706

B. $20.000 (tingkat kupon sama dengan pengembalian yang diminta sehingga obligasi akan
dijual dengan nilai nominal)

C. Ya. Meskipun Anda tidak ingin mengonversi saat ini pada $11 per saham, fitur konversi
setara dengan memiliki stok uang habis pilihan dan memiliki beberapa nilai positif. Oleh
karena itu, Anda akan siap untuk membayar lebih dari pada bagian a.