Clarkson ANALYSIS spreadsheet

Clarkson ANALYSIS spreadsheet - Clarkson Lumber Company...

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Clarkson Lumber Company 1993 1994 1995 Notes Income Statements (thousands of dollars) Expected Net Sales $2,921 $3,477 $4,519 $1,062 $5,500 Planned Sales Cost of Goods Sold: Beginning Inventory 330 337 432 587 Purchases of Inventory 2,209 2,729 3,579 819 Ending (remaining) Inventory (337) (432) (587) (607) Cost of Goods Sold: 2,202 2,634 3,424 799 75.7% 4,161 93-95 percent of sales w Gross Profit 719 843 1,095 263 $1,339 Operating Expenses (includes salaries) (622) (717) (940) (244) -20.9% (1,148) 93-95 percent of sales 66 Footnote 2-Assumes dis Earnings before interest and taxes 97 126 155 19 $257 Interest Expense (23) (42) (56) (13) (106) Footnote 1 Earnings before taxes 74 84 99 6 151 Income tax expense (14) (16) (22) (1) (42) Footnote 4 Net Income $60 $68 $77 $5 109 Percent of Sales 2.05% 1.96% 1.70% 0.47% 1.98% Footnote 1-Interest Expense Notes Payable to Holtz, current portion 100 11% 11 Term loan, current portion 20 10% 2 Term Loan 100 10% 10 New credit line $750,000 750 11% 82.5 Total Interest Expense 105.5 Footnote 2-savings from taking purchase discounts Steps Beginning Inventory 1996 587 from balance sheet 1 1st Quarter 1996 93-95 Percent of Sales Full Year 1996
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Cost of Goods Sold 1996 4,161 projected income statemen 2 Ending Inventory 1996
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