What is the company's inventory in the opening balance sheet?What is the amount of the company's financial assets in the opening balance sheet?What is the company's working capital in the opening balance sheet?Calculate the company's total revenue.Calculate the sales margin for the fiscal year.Calculate the EBIT (operating profit) for the fiscal year.Calculate the net income (earnings) for the fiscal year.Calculate the cash flow from investments (CFinv) for the fiscal year.Calculate the cash flow from financing (CFfin) for the fiscal year.Calculate the change in working capital during the fiscal year.Calculate the cash flow from operations (CFops) for the fiscal year.Calculate the change in cash assets during the fiscal year.Calculate the change in financial assets during the fiscal year.Calculate the total amount of the closing balance sheet.Calculate the ROCE (Return on Capital Employed) describing the profitability of the operations.Calculate the gearing percentage (net indebtedness) from the closing balance sheet, depicting the company's solvency.Calculate the current ratio from the closing balance sheet, depicting the company's liquidity. purposes. The company's mission is to provide an environmentally friendly alternative to traditional aviation fuels, with the vision of enabling large-scale production and use of bio-aviation gasoline.Currently, the company employs eight mechanical and chemical engineering professionals, who also currently own its entire share capitalBio''s product development is based on a unique biofuel manufacturing process, where the main role is played by the company's developed nanotechnology-utilizing algae separation device. This patented refining machinery enables the production ofenergy-dense biofuel from microalgae significantly more efficiently and potentially on a larger scale compared to competitors.Assets (€)Non-current assetsEkopolte varies according to the order quantity and the location of the customer, but on average, it is 3.87 €/liter.The main raw material in the manufacturing process is a nutrient mixture consisting of nitrogen and phosphorus, which is used to feed the algae for its growth. The procurement of the nutrient mixture occurs in batches, where the mixture is already divided into 4 kgdoses. Raw material costs have remained at the same level in recent years, averaging 0.82 € per dose.Although the demand for biofuel has increased with the emphasis on the environmental friendliness of airplanes, the company's management wants to ensure that Bio's current business is also sufficient to finance future research investments.Let's examine the fiscal year 1.1.2023 - 31.12.2023. At the beginning of the fiscal year, the company has 78000 doses of raw material in stock. It can be assumed that 1 dose of raw material can produce 1 dose of algae, which in turn can be refined into 1 liter of biofuel.For accounting purposes, inventory management has been simplified so that the intermediate storage is not counted, but the refinable algae produced from nutrient doses is counted as raw material until it has been refined into biofuel. In the finished productwarehouse, 135000 liters of usable Ekopolte are waiting for sale. The opening balance sheet (1.1.2023) is as follows:- Fixed assetsCurrent assets- Resources and materialsFinished products- Accounts receivable- Cash and cash equivalents8000006396011070038700130000Liabilities (€)Equity- Shareholders' capital- Retained Earnings- Net incomeDebtcompany founded in 2015, focusing on developing innovative fuel solutions for aviation- Long-term debts- Short-term debts- Accounts payable64852001000002350001500009840The selling price ofDuring the fiscal year, Biohajotus Oy purchases 55000 doses of raw material at a price of 0.82 €/dose. The company refines a total of 91000 liters of Ekopolte from raw material during the fiscal year. Ekopolte is also sold 215000 liters, at an average selling price of 3.87€/liter. Other business costs total 310000 €, of which 248000 € consists of personnel costs and the rest 62000 € of refining machinery maintenance costs and logistics costs.At the end of the fiscal year, the company has accounts receivable worth 55470 €, and accounts payable worth 4510 €. The company pays off maturing loans at the end of the fiscal year, and at the same time raises new loans totaling 142000 €. The loan maturing in thenext fiscal year is 125000 €. The average annual interest rate on the entire loan capital is 6 %. The cost of external capital corresponds to the interest, while the cost of equity is 12 %. Depreciations for the fiscal year are 200000 € and the company invests in newproduction equipment for 350000 € during the fiscal year. To balance relatively low salaries, Bicpays dividends of 48000 € during the fiscal year to its owners. The share capital does not change during the fiscal year. Prices do not need to consider value-added tax, and the corporate tax on taxable income is 20 %.

Question

What is the company's inventory in the opening balance sheet?What is the amount of the company's financial assets in the opening balance sheet?What is the company's working capital in the opening balance sheet?Calculate the company's total revenue.Calculate the sales margin for the fiscal year.Calculate the EBIT (operating profit) for the fiscal year.Calculate the net income (earnings) for the fiscal year.Calculate the cash flow from investments (CFinv) for the fiscal year.Calculate the cash flow from financing (CFfin) for the fiscal year.Calculate the change in working capital during the fiscal year.Calculate the cash flow from operations (CFops) for the fiscal year.Calculate the change in cash assets during the fiscal year.Calculate the change in financial assets during the fiscal year.Calculate the total amount of the closing balance sheet.Calculate the ROCE (Return on Capital Employed) describing the profitability of the operations.Calculate the gearing percentage (net indebtedness) from the closing balance sheet, depicting the company's solvency.Calculate the current ratio from the closing balance sheet, depicting the company's liquidity. purposes. The company's mission is to provide an environmentally friendly alternative to traditional aviation fuels, with the vision of enabling large-scale production and use of bio-aviation gasoline.Currently, the company employs eight mechanical and chemical engineering professionals, who also currently own its entire share capitalBio''s product development is based on a unique biofuel manufacturing process, where the main role is played by the company's developed nanotechnology-utilizing algae separation device. This patented refining machinery enables the production ofenergy-dense biofuel from microalgae significantly more efficiently and potentially on a larger scale compared to competitors.Assets (€)Non-current assetsEkopolte varies according to the order quantity and the location of the customer, but on average, it is 3.87 €/liter.The main raw material in the manufacturing process is a nutrient mixture consisting of nitrogen and phosphorus, which is used to feed the algae for its growth. The procurement of the nutrient mixture occurs in batches, where the mixture is already divided into 4 kgdoses. Raw material costs have remained at the same level in recent years, averaging 0.82 € per dose.Although the demand for biofuel has increased with the emphasis on the environmental friendliness of airplanes, the company's management wants to ensure that Bio's current business is also sufficient to finance future research investments.Let's examine the fiscal year 1.1.2023 - 31.12.2023. At the beginning of the fiscal year, the company has 78000 doses of raw material in stock. It can be assumed that 1 dose of raw material can produce 1 dose of algae, which in turn can be refined into 1 liter of biofuel.For accounting purposes, inventory management has been simplified so that the intermediate storage is not counted, but the refinable algae produced from nutrient doses is counted as raw material until it has been refined into biofuel. In the finished productwarehouse, 135000 liters of usable Ekopolte are waiting for sale. The opening balance sheet (1.1.2023) is as follows:- Fixed assetsCurrent assets- Resources and materialsFinished products- Accounts receivable- Cash and cash equivalents8000006396011070038700130000Liabilities (€)Equity- Shareholders' capital- Retained Earnings- Net incomeDebtcompany founded in 2015, focusing on developing innovative fuel solutions for aviation- Long-term debts- Short-term debts- Accounts payable64852001000002350001500009840The selling price ofDuring the fiscal year, Biohajotus Oy purchases 55000 doses of raw material at a price of 0.82 €/dose. The company refines a total of 91000 liters of Ekopolte from raw material during the fiscal year. Ekopolte is also sold 215000 liters, at an average selling price of 3.87€/liter. Other business costs total 310000 €, of which 248000 € consists of personnel costs and the rest 62000 € of refining machinery maintenance costs and logistics costs.At the end of the fiscal year, the company has accounts receivable worth 55470 €, and accounts payable worth 4510 €. The company pays off maturing loans at the end of the fiscal year, and at the same time raises new loans totaling 142000 €. The loan maturing in thenext fiscal year is 125000 €. The average annual interest rate on the entire loan capital is 6 %. The cost of external capital corresponds to the interest, while the cost of equity is 12 %. Depreciations for the fiscal year are 200000 € and the company invests in newproduction equipment for 350000 € during the fiscal year. To balance relatively low salaries, Bicpays dividends of 48000 € during the fiscal year to its owners. The share capital does not change during the fiscal year. Prices do not need to consider value-added tax, and the corporate tax on taxable income is 20 %.

Accepted Answer

There are various questions and only the first three questions has been solved, as those are…

What is the company's inventory in the opening balance sheet? What is the amount of the company's financial assets in the opening balance sheet? What is the company's working capital in the opening balance sheet?