FIN 310 Great Basin College Boom Company Financial Statement Excel Worksheet – Assignment Help

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Create an Excel spreadsheet to organize your answers to the following problem, and submit your Excel file as an attachment by clicking on the appropriate button on this page.

Boom Company currently has $500 million of assets $160 million of debt, and Net income last year was $12 million. Calculate the company’s return on assets ratio and debt/equity ratio under the following assumptions or changes:

1. No changes in above.

2. Assuming the company had leased $30 million of its assets “off the balance sheet.”

3. Assuming the company had leased $60 million of its assets “off the balance sheet.”

4. Assuming the company had leased $90 million of its assets “off the balance sheet.”

5. Assuming the company had leased $120 million of its assets “off the balance sheet.”

Based on a review of your calculations for the financial ratios above, explain why a firm might want to engage in “off balance sheet” financing.


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