Hiller Round 2 12 font

Hiller Round 2 12 font - Account Receivables Inventories...

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ROUND 1 Account Receivables 0.2 0.15 Inventories 0.25 0.2 Depreciation(Bldg) 15 15 Depreciation(Equip) 5 5 Accts. Payable 0.12 0.1 Accruals 0.07 0.05 Beginning unit sales 5000 5000 Selling price 40 40 Unit sales growth 0.3 0.35 Variable cost of goods 0.28 0.25 Variable operating exp. 0.22 0.2 LOC/other l.t. debt interest rate 0.1 0.12 Mortgage interest 0.12 0.1 Maximum debt ratio 0.7 0.7 Tax rate 0.3 0.3 Annual equipment purchases 40000 10000 10000 YEAR 1 YEAR 2 YEAR 3 Sales 200000 260000 338000 Cost of goods Fixed 60000 60000 75000 Variable 56000 72800 94640 Gross profit 84000 127200 168360 Opersting expenses Fixed 45000 45000 55000 Variable 44000 57200 74360 Depreciation 14000 16000 18000 Total operating expenses 103000 118200 147360 Earnings before interest and tax -19000 9000 21000 Interest 11847.17 13224.64 13718.94 Earnings before tax ### -4224.64 7281.06 Cumulative earnings before tax ### ### ### Tax 0 0 0 Earnings after tax ### -4224.64 7281.06 Balance Sheet YEAR 1 YEAR 2 YEAR 3 Cash 10000 10000 10000 Accounts receivable 40000 52000 67600 Inventories 50000 65000 84500 Total current assets 100000 127000 162100 Equipment 40000 50000 60000 Acc. Dep. -8000 -18000 -30000 Building 90000 90000 90000 Acc. Dep -6000 -12000 -18000 Total fixed assets 116000 110000 102000 Total Assets 216000 237000 264100
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YEAR 1 YEAR 2 YEAR 3 Liabilities Accounts Payable 24000 31200 40560 Accruals 14000 18200 23660 Line of credit 19139.59 23161.28 28385.33 Current liabilities 57139.59 72561.28 92605.33 Mortgage 44375.45 43675.96 42892.54 Other L-T debt
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This note was uploaded on 10/06/2008 for the course ENT 4310 taught by Professor Petty during the Spring '08 term at Baylor.

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Hiller Round 2 12 font - Account Receivables Inventories...

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