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Calcor Company Problem # 11-12 (located in the end of chapter problems). Students will review the financial statement and the business situation for Calcor Company. The following is required to be completed: •Prepare a single-step pro forma income statement for Calcor Company for the year ended November 30, 2009, assuming that Calcor’s planned actions would be carried out, and that a 5% increase in unit sales would be realized.
•Calculate the following ratios for Calcor Company for the 2008-2009 fiscal year: ?Return on sales before interest and taxes.
?Turnover of average assets.
?Return on average assets before interest and taxes. •Based on the ratio calculations, discuss whether or not Kuhn’s goals would be achieved.
•Discuss whether or not it would be possible for Calcor Company to achieve the first two of Kuhn’s goals without achieving his third goal of 30% return on average assets before interest and taxes.
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