SOLUTION: FIN 101 Saudi Electronic University Principles of Finance Question

College of Administrative and Financial Sciences
Assignment 1
Principles of Finance (FIN101)
Deadline: (3/03/2021 @ 23:59)
Course Name: Principles of Finance
Course Code: FIN101
Student’s Name:
Semester: 2
Student’s ID Number:
Academic Year: 1441/1442 H, 2nd Term
For Instructor’s Use only
Instructor’s Name:
Students’ Grade: /5
Level of Marks: High/Middle/Low
• This assignment is an individual assignment.
• The Assignment must be submitted only in WORD format via allocated folder on
• Assignments submitted through email will not be accepted.
• Students are advised to make their work clear and well presented. This also includes
filling your information on the cover page.
• Students must mention question number clearly in their answer.
• Late submitted assignments will NOT be entertained.
• Avoid plagiarism, the work should be in your own words, copying from students
or other resources without proper referencing will result in ZERO marks. No
• All answered must be typed using Times New Roman (size 12, double-spaced)
font. No pictures containing text will be accepted and will be considered
Submissions without this cover page will NOT be accepted.
Assignment Questions
Q1 (1.5 marks)
Ahlam Company’s net income for the year 2000, is $3,700,214. The company had an EBITDA of
$ 10,125,300, and its depreciation and amortization expense was equal to $2,543,790. The
company’s average tax rate is 35 percent.
a. What is the amount of interest expenses for the firm? (Show the details of your
b. Prepare a common sized Income Statement if net sales equal $12,000,000.
Q2. (1 Mark)
The following are accounts balance (in thousands) for Malak Company. Calculate Net Income
after-tax (show intermediate steps) t=35% for the year ended December 31, 2020.
Net property and equipment
$ 2,000
Accounts receivable
Notes payable
$ 983,000
Supply expenses
$ 255,000
Depreciation expenses
$ 35,000
Labor expense
Interest Expenses
Stockholders’ Equity
Cash & cash equivalents
Long-term debt
Q3. Calculate the following ratios from the Balance Sheet and the Income Statement given below:
(1.5 Mark)
a. Current Ratio
Debt Ratio
Fixed asset turnover
Total asset turnover
Operating profit margin
Balance Sheet:
Current assets
Net fixed assets
Total assets
Accrued expenses
Short-term N/P
Current liabilities
Long-term debt
Owner’s equity
Total liabilities and
owners equity
Income Statement:
Net sales
Gross profit
Operating expenses
Net operating
Interest expense
Income taxes
Net income
Q4. Using the values below, answer the questions that follow: (1mark)
Amount of annuity: $500
Interest rate: 9%
N=10 years
a) Calculate the future value of the annuity, assuming that it is
(1) An ordinary annuity.
(2) An annuity due.
b) Compare your findings in parts a(1) and a(2). All else being identical, which type of
annuity—ordinary or annuity due—is preferable as an investment? Explain why.

Purchase answer to see full

Haven’t Found The Relevant Content? Hire a Subject Expert to Help You With
SOLUTION: FIN 101 Saudi Electronic University Principles of Finance Question
Post Your Own Question And Get A Custom Answer
Hire Writer
Written Assignments
Get 20% Discount on This Paper
Pages (550 words)
Approximate price: -

Why Choose Us?

Quality Papers

We value our clients. For this reason, we ensure that each paper is written carefully as per the instructions provided by the client. Our editing team also checks all the papers to ensure that they have been completed as per the expectations.

Professional Academic Writers

Over the years, our Written Assignments has managed to secure the most qualified, reliable and experienced team of writers. The company has also ensured continued training and development of the team members to ensure that it keeps up with the rising Academic Trends.

Affordable Prices

Our prices are fairly priced in such a way that ensures affordability. Additionally, you can get a free price quotation by clicking on the "Place Order" button.

On-Time delivery

We pay strict attention to deadlines. For this reason, we ensure that all papers are submitted earlier, even before the deadline indicated by the customer. For this reason, the client can go through the work and review everything.

100% Originality

At Written Assignments, all papers are plagiarism-free as they are written from scratch. We have taken strict measures to ensure that there is no similarity on all papers and that citations are included as per the standards set.

Customer Support 24/7

Our support team is readily available to provide any guidance/help on our platform at any time of the day/night. Feel free to contact us via the Chat window or support email:

Try it now!

Order Now to Get 20% Discount

We'll send you the first draft for approval by at
Total price:

How our best essay writing service works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

Written Assignments has stood as the world’s leading custom essay writing paper services provider. Once you enter all the details in the order form under the place order button, the rest is up to us.


Cheapest Essay Writing Service

At Written Assignments, we prioritize all aspects that bring about a good grade such as impeccable grammar, proper structure, zero plagiarism and conformance to guidelines. Our experienced team of writers will help you completed your essays and other assignments.


Admission and Business Papers

Be assured that you’ll get accepted to the Master’s level program at any university once you enter all the details in the order form. We won’t leave you here; we will also help you secure a good position in your aspired workplace by creating an outstanding resume or portfolio once you place an order.


Editing and Proofreading

Our skilled editing and writing team will help you restructure your paper, paraphrase, correct grammar and replace plagiarized sections on your paper just on time. The service is geared toward eliminating any mistakes and rather enhancing better quality.


Technical papers

We have writers in almost all fields including the most technical fields. You don’t have to worry about the complexity of your paper. Simply enter as many details as possible in the place order section.