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Curtin University ENGINEERING MANAGEMENT 302 Progress Test 1 - 2011

The document provides three questions from an engineering management progress test. Question 1 provides a balance sheet for ABC pumps and compressors for 2009-2010 and asks to calculate financial ratios and percentage changes. Question 2 asks short answer questions about management persuasion, project lifecycles, and project manager skills. Question 3 provides an income statement for Best Furniture for 2009-2010 and asks to calculate profitability ratios and changes in earnings.

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44 views4 pages

Curtin University ENGINEERING MANAGEMENT 302 Progress Test 1 - 2011

The document provides three questions from an engineering management progress test. Question 1 provides a balance sheet for ABC pumps and compressors for 2009-2010 and asks to calculate financial ratios and percentage changes. Question 2 asks short answer questions about management persuasion, project lifecycles, and project manager skills. Question 3 provides an income statement for Best Furniture for 2009-2010 and asks to calculate profitability ratios and changes in earnings.

Uploaded by

samu1991tan
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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CURTIN UNIVERSITY ENGINEERING MANAGEMENT 302 Progress Test 1 - 2011

Time allowed: 45 minutes 22 August 2011

NAME ID (Perth):
ANSWER ONLY TWO (2) QUESTIONS OUT OF THREE (3). ALL QUESTIONS HAVE

EQUAL MARKS. TOTAL MARKS: 20.

QUESTION 1

[10 MARKS]

Table Q1 shows the balance sheet summary for ABC pumps and compressors Manufacturer. Based on the data for year 2009 and 2010, determine: a) The total current asset, total non-current asset, Total Asset, total current liablities, total non-current liablities, total owners Equity and working capital. b) Debt ratio, Current ratio and Quick (acid test) ratio and comment on the performance of the company. c) The percentage change in Total Asset, Total liablities and Total Owners Equity and comment and make comments. Table Q1 ABC Pumps and Compressors Manufacturing Company Statements of Financial Condition At December 31, 2009 and 2010 ( Dollar amounts in thousands) Assets__________ Cash Accounts recievable Inventory Prepaid expenses Total Current Assets Property, Plant , and equipment Accumulated depreciation TOTAL ASSET Liabilites and owners Equity Account Payable Accrued expenses payable Income tax payable Short term notes payabel Total Current liablityies Long term notes payable Owners equity Invested capital Retained ernings Total Owners Equity Total Liablities and owners Equity _____2009______ $2,275 $2,150 $2,725 _____ $525 ______ _____$7,675______ $11175 _____($5640)______ ____$13,210___ $640 $750 $90 _______$2,150______ _____$3,630______ $3,850 $3,100 _______$2,630______ _____$5,730_____ ____$13,210_____ _____2010____ $2,165 $2,600 $3,450 ____$600_____ _____$8,815_____ $12450 ____($6415)_____ $14,850______ $765 $900 $115 _______$2250______ ______$4,030_____ $4000 $3,250 _____$3,570_____ _____$6820____ ___$14,850___

QUESTION 2

[10 MARKS]

Answer the following questions by using 50-100 words for each question.
a) In some cases, why the Persuasive power is exercised by managers? What are the tools? b) Explain project life cycle curve c) What sort of skills would you expect from a project manager? d) What are the advantages of projectized team compared to matrix teams? Why?

QUESTION 3

[10 MARKS]

Table Q3 shows the income statement for Best Furniture Company. Based on the data for year 2009 and 2010, determine: a) The Gross Margin, Totoal operating expenses, the operating earnigs(EBIT), Net income after Tax (NIAT), Profit margin on sales and Earning per share (EPS). b) Calculate the changes in Gross margin, operating earnins (EBIT), and Net income after Tax (NIAT) and make comments on the business activities of the company.

Best Furniture Company Income Statements ($000) For the years Ended December 31 2009 Sales Revenue Cost of goods sold Gross Margin Operating expenses Selling expenses General and administratice expenses Lease expenses Amortlization expenses Total operating expenses Operating earnigs (EBIT) Interest expense Earning before tax Taxes Net income after Tax (NIAT) Preferered Share Dividends Earning available for common shareholders Earning per Share (EPS) $2,567 1,711 ____856____ 108 187 35 223 ____553____ ____303____ 91 212 64 ___148____ 10 138 _____1.81______ 2010 $3,074 2,088 ______986_______ 100 194 35 239 ______568_______ _______418________ 93 325 64 ____231_____ 10 221 _____2.90_______

No. Of common shares outstading is 76,244 shares in 2009 and 76,262 in 2002

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