fourth call written test with solutions

Pagina 1

ACCOUNTING, FINANCE AND CONTROL (Prof. P . Maccarrone) WRITTEN TEST – 5 July, 2023 ANSWERS SHEET WARNING: FILLING THIS COVER PAGE IS MANDATORY Please fill in the following table using CAPITAL LETTERS: NAME SURNAME (FAMILY NAME) PERSON CODE (CODICE PERSONA) or STUDENT ID (N. MATRICOLA) At the end of the test please write the right answer for each question in the following table using the corresponding CAPITAL LETTER [A-B-C-D]. This is MANDATORY for having the test evaluated. Please tick also the corresponding answer in the following sheets AVAILABLE TIME : 1 HOUR If you want to withdraw from the exam, please write “withdraw” on this page and communicate it to the teacher in the room (you will have to leave this copy to the classroom supervisor, then you will be free to leave the room) Notes: • consider that 1k€ = 1 thousand euros and 1M€ = 1 million euros; • the international convention for decimal and thousand separators is used – i.e., the comma is used to separate groups of thousands and the dot is used to separate decimals; • calculations in the exercises need to be rounded up to the second decimal place • NO PENALTY FOR WRONG ANSWERS Question 1a 1b 2a 2b 3a 3b 4 5 6 7 8 9 Your Answer QUESTION 1A – 3 POINTS The following data have been extracted from the 2022 financial statements of company Fantasy (data are in “k€”): • Current assets: 18,600 • Bank debts (all to be repaid from 2025 on): 5,600 • Interests on debt: 2,600 • Bonds (bullet repayment scheme, maturity date: 31/10/2025): 7,200 • Non-financial non-current liabilities: 3,400 • Net Profit: 3,775 • Financial revenues: 1,250 Additionally, you have the values of the following ratios (still based on the 2022 financial statements) • Interest Coverage Ratio (ICR): 3.25 • EBITDA Margin: 10.50% • Assets Turnover Ratio…