Expanded Analysis of Ligand Pharmaceuticals (NASDAQ:LGND)

Perform an expanded analysis on the financial statements of Ligand Pharmaceuticals. Please use the most current financial statements available on www.sec.gov.  Perform horizontal and vertical analysis, selected liquidity, profitability, and solvency ratios, and other selected financial ratios.  A one page executive summary outlining the basic financial health of the company and a brief opinion of the company’s forecasted financial health will be required with the calculations attached as appendices in Excel with formulas.

The executive summary should answer the question of whether your company is financial healthy and is poised to remain in business as a going concern. You should attach your calculations in an appendix to your executive summary and refer to your appendices in your executive summary. Your appendices are made up of the spreadsheets and word docs used to build your overall analysis.

Each appendix is a spreadsheet or a word doc with your analysis calculations. If you are able to obtain your ratios from a financial website or the Lexis‐Nexis data base, then you may copy and paste them to a word doc rather than showing the calculations on a spreadsheet. Make sure you provide appropriate citations.

The first appendix will be your horizontal and vertical analysis of the balance sheet and the income statement for 3 years.

The second appendix will be at least 8 ratios of your choice. These ratios may be liquidity, solvency, profitability, activity or market ratios. You must explain why you chose the ratios.

The third appendix will be an analysis of the creditworthiness of your company. You may choose the Beaver univariate model or the Altman Z score.

The final appendix will be a summary of at least four items you found in the management discussion and analysis section or the notes to the financial statements that you believe will add credibility to your report. You may also include graphs and charts if you wish.

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Factors and Forces of Geological Features PPT

The

Factors and Forces of Geological Features PPT

Choose a state or one of the following regions:
o Region 1: Interior Plain
o Region 2: Appalachian Highlands
o Region 3: Rocky Mountain System
o Region 4: Pacific Mountain System
o Region 5: Atlantic Plain

· Create a 12- to 15-slide PowerPoint® presentation for your selected state or region.
· Address the following in your PowerPoint®:

  • Describe the various geologic events that have occurred in your region.
  • Describe the geological features and various types of rocks that formed in the area (for example, mountains, craters, canyons, volcanoes, fault lines, or folds).
  • Choose one of these geological features to research. What is the most prevalent rock type of the feature? Describe the mineral composition of the rock type.
  • How old is your geologic feature? Estimate the absolute age of the geological feature, and discuss methods used to determine the age.
  • What geologic event created your chosen geological feature? Discuss the process of plate tectonics related to the formation.
  • Discuss the significance of igneous, sedimentary, and metamorphic rocks in your region.
  • Discuss the type(s) of weathering and erosion processes that has most likely affected the physical appearance of your geological feature.
  • Discuss any significant water, ocean, desert, or glacial feature(s) associated with your region, and the process involved with creating one of them.

Cost Volume Profit Analysis

Cost Volume Profit Analysis

Explain the components of cost volume profit analysis.

No Plagiarism Please….

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Bucholz Brands Net Present Value (NPV) Estimation

Bucholz Brands Net Present Value (NPV) Estimation
Bucholz Brands is considering the development of a new ketchup product. The ketchup will be sold in a variety of different colors and will be marketed to young children. In evaluating the proposed project, the company has collected the following information:
  • The company estimates that the project will last for four years.
  • The company will need to purchase new machinery that has an up-front cost of $300 million (incurred at t = 0). At t = 4, the machinery has an estimated salvage value of $50 million.
  • The machinery will be depreciated on a 4-year straight-line basis.
  • Production on the new ketchup product will take place in a recently vacated facility that the company owns. The facility is empty and Bucholz does not intend to lease the facility.
  • •The project will require a $60 million increase in inventory at t = 0. The company expects that itsaccounts payable will rise by $10 million at t = 0. After t = 0, there will be no changes in net operating working capital, until t = 4 when the project iscompleted, and the net operating working capital is completely recovered.
  • The company estimates that sales of the new ketchup will be $200 million each of the next four years.
  • The operating costs, excluding depreciation, are expected to be $100 million each year.
  • The company’s tax rate is 40 percent.
  • The project’s WACC is 10 percent.
What is the project’s estimated net present value (NPV)?  Need all the procedure with the answer

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Weighted Average Cost of Capital (WACC) for Golden Gate construction Associates

Weighted Average Cost of Capital (WACC) for Golden Gate construction Associates

Golden Gate Construction Associates, a real estate developer and building contractor in San Francisco, has two sources of long-term capital: debt

and equity. The cost to Golden Gate of issuing debt is the after-tax cost of the interest payments on the debt, taking into account the fact that the interest payments are tax deductible. The cost of Golden Gate’s equity capital is the investment opportunity rate of Golden Gate’s investors, that is, the rate they could earn on investments of similar risk to that of investing in Golden Gate Construction Associates. The interest rate on Golden Gate’s $90 million of long-term debt is 10 percent, and the company’s tax rate is 40 percent. The cost of Golden Gate’s equity capital is 15 percent. Moreover, the market value (and book value) of Golden Gate’s equity is $135 million. Required: Calculate Golden Gate Construction Associates’ weighted-average cost of capital

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Finance Questions Related to PV, FV, FVOA & NPV

Finance Questions Related to PV, FV, FVOA & NPV in $2.50 only

1. Calculate the future value of 1,535 invested today for 8 years at 6 percent.

2. What is the total present value of the following cash stream, discounted at 8 percent?

Year    1       2      3      4       5

Amt   400   750  945  145   78

3. If you invested $2,000 per year into an IRA for 30 years and received 6 percent return each year, what would the account balance be in 30 years?

4. A friend gives you a proposition. If you give him 1,500 dollars today, he will guarantee your receive 12 percent a year for the next 5 years. How much money will you receive from him at the end of 5 years?

5. You want to buy a new Computer Aided Design (CAD) system for your business. The cost of the system is $150,000 and you expect to save over $40,000 per year in reduced labor costs. Please calculate the net present value of the CAD if your required return is 10 percent and the life of the system is expected to be 5 years.

6. Your company is considering converting its heating system in the main office from coal to heating oil. The initial cost of removing the coal fired furnace and installing an new oil fired unit is $60,000. The life of the analysis is 7 years. In the past you spent $25,000 per year on coal. The new company says you will spend no more than $15,000 per year on heating oil. If your required return is 12 percent, should you make this investment? Please calculate the net present value of this project.

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Questions on Cost of Capital, WACC & IPO

Questions on Cost of Capital, WACC & IPO

Questions on Cost of Capital, WACC & IPO
1. What are the main elements in calculating cost of capital? How would an increase in debt affect the cost of capital? How would you identify the optimal cost of capital for an organization?
2. What is meant by Weighted Average Cost of Capital (WACC)? Why is WACC a more appropriate discount rate when doing capital budgeting? What is the impact on WACC when an organization needs to raise long term capital?
3. What is an Initial Public Offering (IPO)? How does an IPO allow an organization to grow financially? When is a merger or an acquisition, rather than an IPO, a more appropriate way to grow?

Each answer should be 150-300 words.

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Reeds Clothier Case Study and Questions

Reeds Clothier Case Study and Questions

Reeds Clothier Case Study and Questions

WEEK 4 – FIN 370 

“Reed’s Clothier” Case Study and Questions

Prepare a 350-700-word case study analysis of Case #16: “Reed’s Clothier” located in the Cases in Financial Management text, by Sulock and Dunkelberg. Be sure to address the following in your analysis:

Briefly summarize the case.

1) Calculate a few ratios and compare Reed’s results with industry averages. (Some industry averages are shown in Exhibit 16.4) What do these ratios indicate?

2. Why does Holmes want Reed’s to have an inventory reduction sale, and what does he think will be accomplished by it?

3. Jim Reed had adopted a very loose working capital policy with higher current assets than industry averages. If he merely tightens his working capital policy to the averages, should this affect his sales?

4. Assuming that Reed’s can improve its operations to be in line with the industry averages, construct a 1995 pro forma income statement. Assume that net sales will be reduced 5 percent to $1,938,000 but that depreciation and amortization will not change but remain at $32,000.

5. What type of inventory control system would you suggest to Jim Reed?

6. What type of accounts receivable control would you suggest to Jim Reed?

7. Is the increase in sales related to the increase in inventory?

8. What is Reed’s cost of not taking the suppliers’ discounts?

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Finance Question II

Finance Question II

The real estate agent tells the Bergholts that if they don’t care to purchase, they might consider renting. The rental option would cost $1,400/month plus utilities estimated at $220 and renter’s insurance of $25/month. The Bergholts believe that neither of them is likely to be transferred to another location within the next five years. After that, Dan perceives that he might move out of government service into the private sector. Assuming they remain in the same place for the next five years, the Bergholts would like to know if it is better to buy or rent the home. They expect that the price of housing and rents will rise at an annual rate of 3% over the next five years. They expect to earn an annual rate of 5% on the money market fund. All other prices, including utilities, maintenance, and taxes are expected to increase at a 3% annual rate. After federal, state, and local taxes, they get to keep only 55% of a marginal dollar of earnings.

  1. Estimate whether it is financially more attractive for the Bergholts to rent or to purchase the home over a five-year holding period. (Assuming the contract interest rate of 8%, monthly interest payments over the five-year period would total $87,574.)
  2. Suppose it turns out that they have to relocate after one year. Which is the preferred alternative after one year? (Interest payments over the first year would equal $17,852.)

Show all work for each assignment and explain each step carefully.

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Finance Question

Kim and Dan Bergholt are both government workers. They are considering purchasing a home in the Washington D.C. area for about $280,000. They estimate monthly expenses for utilities at $220, maintenance at $100, property taxes at $380, and home insurance payments at $50. Their only debt consists of car loans requiring a monthly payment of $350.

Kim’s gross income is $55,000/year and Dan’s is $38,000/year. They have saved about $60,000 in a money market fund on which they earned $5,840 last year. They plan to use most of this for a 20% down payment and closing costs. A lender is offering 30-year variable rate loans with an initial interest rate of 8% given a 20% down payment and closing costs equal to $1,000 plus 3 points.

Before making a purchase offer and applying for this loan, they would like to have some idea whether they might qualify.

  1. Estimate the affordable mortgage and the affordable purchase price for the Bergholts.
  2. Suppose they do qualify; what other factors might they consider before purchasing and taking out a home mortgage?
  3. What future changes might present problems for the Bergholts?

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Finance Questions

 Finance Questions in $10 only

1. How long does it take for the following to happen? $450 grows into $725.50 at 12% compounded monthly.

2. How long does it take for the following to happen? $5,000 grows into $6724.44 at 10% compounded quarterly.

3. How long does it take for the following to happen? $856 grows into $1,122 at 7%.

4. The Lexington Property Development Company has a $10,000 note receivable from a customer due in three years. How much is the note worth today if the interest rate is 18% compounded monthly?

5. The Lexington Property Development Company has a $10,000 note receivable from a customer due in three years. How much is the note worth today if the interest rate is 7% compounded continuously?

6. The Lexington Property Development Company has a $10,000 note receivable from a customer due in three years. How much is the note worth today if the interest rate is 9%?

7. What interest rates are implied by the following lending arrangements? You borrow $500 and repay $555 in one year

8. What interest rates are implied by the following lending arrangements? You lend $750 and are repaid $1,114.46 in five years with quarterly compounding.

9. What will a deposit of $4,500 left in the bank be worth under the following conditions: Left for five years at 8% compounded quarterly?

10. What will a deposit of $4,500 left in the bank be worth under the following conditions: Left for six years at 10% compounded semi-annually?

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Finance Questions I

Finance Questions I

  1. If you invest $2,000 a year in a retirement account, how much will you have in 40 years at 12%?
  2. There is a stock that pays dividends of $2.00 at the end of 1st yr, $2.20 at the end of 2nd yr, and $2.40 at the end of 3rd yr.  At the end of 3rd yr the stock will sell for $33.00  what is the present value of all future benefits if a discount rate of 11% is applied?
  3. $1,000 par value bonds are outstanding at 8% interest.  The bonds mature in 25 yrs.  What is the current price of the bonds if the present yield to maturity is 13%?
  4. Preferred stock is issued at a fixed dividend of $6 per share.  With time yields have soared to 14%.
  5. If the yield on the S&P preferred stock index declines, how will the price of the preferred stock be affected?

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Finance Questions

Finance Questions Answers in $9 only

Question 1

Lump sum issuance of stock.

Landon Corporation has issued 2,000 shares of common stock and 400 shares of preferred stock for a lump sum of $72,000 cash.

Instructions

(a)          Give the entry for the issuance assuming the par value of the common was $5 and the market value $30, and the par value of the preferred was $40 and the market value $50. (Each valuation is on a per share basis and there are ready markets for each stock.)

(b)          Give the entry for the issuance assuming the same facts as (a) above except the preferred stock has no ready market and the common stock has a market value of $25 per share.

Question 2

Treasury stock.

For numerous reasons, a corporation may reacquire shares of its own capital stock. When a company purchases treasury stock, it usually accounts for the stock using the cost method.

Instructions

Explain how a company would account for each of the following:

1. Purchase of shares at a price less than par value.

2. Subsequent resale of treasury shares at a price less than purchase price, but more than par value.

3. Subsequent resale of treasury shares at a price greater than both purchase price and par value.

4. Effect on net income.

Question 3

Dividends on preferred stock.

The stockholders’ equity section of Knott Corporation shows the following on December 31, 2007:

Preferred stock—6%, $100 par, 4,000 shares outstanding $   400,000
Common stock—$10 par, 60,000 shares outstanding $  600,000
Paid-in capital in excess of par $  200,000
Retained earnings $  114,000
Total stockholders’ equity $ 1,314,000

instructions

Assuming that all of the company’s retained earnings are to be paid out in dividends on 12/31/07 and that preferred dividends were last paid on 12/31/05, show how much the preferred and common stockholders should receive if the preferred stock is cumulative and fully participating.

Question 4

(EPS with Convertible Bonds and Preferred Stock)

On January 1, 2007, Crocker Company issued 10-year, $2,400,000 face value, 10% bonds, at par. Each $1,000 bond is convertible into 16 shares of Crocker common stock. Crocker’s net income in 2007 was $300,000, and its tax rate was 40%. The company had 100,000 shares of common stock outstanding throughout 2007. None of the bonds were converted in 2007.

Instructions

(Round answers to 2 decimal places.)

a.)    Compute diluted earnings per share for 2007.

b.)    compute diluted earnings per share for 2007 using the same facts as those assumed for part (a), except that $1,200,000 of 10% convertible preferred stock was issued instead of the bonds. Each $100 preferred share is convertible into 7 shares of Crocker common stock.

Question 5

Basic and diluted EPS.

The following information was taken from the books and records of Simonic, Inc.:

Instructions

Compute basic and diluted earnings per share.

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How to Calculate Net Present Value

How to Calculate Net Present Value in $5 OnlyHow to Calculate Net Present Value

How do i calculate net present value?

Please let me know how to calculate NPV with out calculator, with calculator and with the use of MS Excel.

Provide MS-Word as well as MS-Excel sheet with example.

Please provide some external link also.

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Exxon Mobile Power Point Presentation (PPT)

Exxon Mobile Power Point Presentation

Exxon Mobile Power Point Presentation (PPT) in $6 Only

Develop a PPT which contain  Executive Summary and Analysis of  Exxon Mobile Corporation. It should cover the following:

  • About Exxon Mobil,
  • History of the corporation,
  • Last three years revenue, income and other financials
  • Provide Speakers note also.

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Assignment on Exxon Mobil FIN 534

Assignment on Exxon Mobil FIN 534

Exxon Mobil (US publicly-traded company)
The analysis should be 3-4 pages.
Lecture/discussion on types of business organizations and corporate securities.
Analyze the advantages and disadvantages of incorporating a business. Explain the concept of “limited liability”.
Review of Financial Research Report:  This assignment is an analysis of a US publicly-traded company; its common stock could be a prospective investment.
Company Overview.  Conduct research and describe the company, its operations, locations, markets, and lines of business. Collect financial statements for the past three years, fiscal or calendar.