EEvans4955MBA5130 Week 4.xlsx

EEvans4955MBA5130 Week 4.xlsx - IBM Comparisons...

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IBM Comparisons 2013 2012 Revenue (services) $57,655 $59,453 Cost (services) 37,564 39,166 Gross profit (services) 20,091 19,287 Revenue (sales) 40,049 43,014 Cost (sales) 12,572 13,956 Gross profit (sales) 27,477 29,058 Revenue (financing) 2,047 2,040 Cost (financing) 1,110 1,087 Gross profit (financing) 937 953 Total revenue 99,751 104,507 Total cost 51,246 54,209 Gross profit (total) 48,505 50,298 Less expenses Selling, general and administrative 23,502 23,553 Research, development, engineering 6,226 6,302 Intellectual property and custom development income <822> <1,074> Other (income) and expense <327> <843> Interest expense 402 459 Total expenses and other (income) 28,981 28,396 Income before taxes 19,524 21,902 Provision for income taxes 3,041 5,298 Net income $16,483 $16,604 Ratios: 2013 2012 Liquidity Current Ratio=Current Assets/Currect Liabilities 51,350/40,154 49,433/43,625 1.2788:1 1.1331:1 Acid Test= Currect Assets - Inventory - PPD Exp/C.L. equal 44,552/40,154 43,122/43,625 1.11 0.9885 Profitability Ratios Profit Margin= Net Income/Sales 16,483/48,505 16,604/50,298 34.00% 33% Return on Assets= Net Income/Total Assets 16,483/125,223 16,604/119,213 13.2 13.9 Return on Equity= Net Income/Stockholders Equity
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