Forecasting aishah - TIPTON ICE CREAM FINANCIAL FORECASTING...

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TIPTON ICE CREAM FINANCIAL FORECASTING Share 1993 1994 1995 1996 Sales 88500 96000 100000 125000 Cost of goods sold 79000 93750 Gross profit 21000 31250 10000 12000 Depreciation 600 600 Miscellaneous 200 220 EBIT 10200 18430 Interest 0 0 earning before taxation 10200 18430 taxes 5100 9215 net income 5100 9215 Dividends 2550 4607.5 To retained earnings 2550 4607.5 Balance Sheet Assets Cash^marketable securities 3000 826.5 account receivables 8000 10000 inventory 11500 19231 current assets 22500 30057.5 gross fixed assets 24000 29000 acc. Depreciation -4000 -4600 net fixed assets 20000 24400 Total assets 42500 54457.5 Liabilities and equity Notes payable 0 0 Account payable 9500 11250 Accruals 3000 3600 Current liabilities 12500 14850 Bonds 0 0 Common stock(RM 10) 20000 25000 Retained earnings 10000 14607.5 Total liabilities and equity 42500 54457.5 Industry average Ind Average Current CA/CL 1.8 2.02 quick CA-Inventory/CL 0.8 0.73 Debt(%) Liabilities/Assets 50 27.27 Times interest earned
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Forecasting aishah - TIPTON ICE CREAM FINANCIAL FORECASTING...

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