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Required: PART 1 – There are a number of interesting differences between Sunbeam’s 1997 and… 1 answer below » Required: PART 1 – There are a number of interesting differences between Sunbeam’s 1997 and 1996 balance sheets (e.g., receivables increased by $82 million, inventories increased by $94 million, and pre-paid expenses decreased by $23 million, while long-term productive assets and liabilities remained relatively unchanged), and between its 1997 and 1996 income statements (e.g., during 1997 the company engaged in a number of “buy and hold” transactions, gross margin increased dramatically and SG&A declined). a. (maximum 7 points out of 13) – Adjust Sunbeam’s 1997 Earning before View complete question » Required: PART 1 – There are a number of interesting differences between Sunbeam’s 1997 and 1996 balance sheets (e.g., receivables increased by $82 million, inventories increased by $94 million, and pre-paid expenses decreased by $23 million, while long-term productive assets and liabilities remained relatively unchanged), and between its 1997 and 1996 income statements (e.g., during 1997 the company engaged in a number of “buy and hold” transactions, gross margin increased dramatically and SG&A declined). a. (maximum 7 points out of 13) – Adjust Sunbeam’s 1997 Earning before interest and taxes for one-time events and apparent (e.g., doubtful accounts, depreciation expense, and etc.) changes in accounting policy. Be careful to adjust for things done in Document Preview: Required: PART 1 – There are a number of interesting differences between Sunbeam’s 1997 and 1996 balance sheets (e.g., receivables increased by $82 million, inventories increased by $94 million, and pre-paid expenses decreased by $23 million, while long-term productive assets and liabilities remained relatively unchanged), and between its 1997 and 1996 income statements (e.g., during 1997 the company engaged in a number of “buy and hold” transactions, gross margin increased dramatically and SG&A declined). a. (maximum 7 points out of 13) – Adjust Sunbeam’s 1997 Earning before interest and taxes for one-time events and apparent (e.g., doubtful accounts, depreciation expense, and etc.) changes in accounting policy. Be careful to adjust for things done in 1996 that had a carry-over effect on 1997. You may want to compute some comparative ratios to facilitate your analysis. Be sure to provide the details of and clearly label any computations. b. (maximum 4 points out of 13) – Utilizing your adjusted numbers from 1)a. (above) re-compute Sunbeam’s operating cash flows for 1997 (i.e., compute a new cash flows amount based on your adjustments to the original data). Clearly label the components of your computations. c. (maximum 2 points out of 13) – Summarize your findings in 1)a. and 1)b. (above), paying particular attention to any evidence of fraud (be careful not to let 20-20 hindsight – i.e., information that you are aware of, but is not included in this case – influence your conclusions).SELECTED DATA FROM: SUNBEAM CORPORATION AND SUBSID PART 2 – (7 Points) You read in your text about the factors that Michael Porter identifies as influencing and directing competitive strategy. Required: a) (maximum 4 out of 7 points) identify each of those specific factors b) (maximum 3 out of 7 points) provide specific examples of accounting information that might be useful for assessing each factor. Be sure to explain (briefly) how each example might be used Attachments: Q.docx Q-Attachment.pdf View less » Jul 28 2015 11:45 AM
