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Unformatted text preview: 2008 Balance Sheet Cash and Securities Accounts Receivable Prepaid expenses Deferred tax assets Income taxes receivable Inventories Total Current Assets Net Fixed Assets Other assets Total Assets Accounts Payable and Accruals Notes Payable Current Taxes Payable Total Current Liabilities Long Term Debt Deferred tax liabilities Total liabilities Minority interests Common Stock Treasury stock Additional paid in capital Accumulated other comprehensive income Retained Earnings Total Liabilities and Equity 2008 Income Statement Sales Variable Costs Fixed Costs Depreciation & Amortization Total Costs EBIT Rent and other income Interest income Interest Minority interest in earnings EBT Taxes Income before extraordinary gain & disc. Operations Loss from discontinued operations net of tax Gain on sale of assets from discontinued ops net of tax Extraordinary Gain, net of tax Net income Dividends Additions to Retained Earnings Key Ratios Profit margin ROE DSO Inventory turnover Fixed asset turnover Debt/Assets TIE Current ratio NOPAT/Sales Operating Capital / Sales Return on Invested Capital (NOPAT/Capital) Assumptions made: 1) Dynacq was operating at full capacity in 2008. 2) All assets grow in prop 3) All accounts payables and accruals grow 5) Sales will grow by 25%, 21 million dollars ratio, the logic being that the difference betw would mean the largest allowable sales grow USING THE AFN EQUATION Additional Data Sales Increase =...
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