{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

finance case 13 - Assets Cash Short-Term Investments...

Info iconThis preview shows pages 1–5. Sign up to view the full content.

View Full Document Right Arrow Icon
Assets 2003 2004 2005e Cash $9,000 $7,282 $14,000 Short-Term Investments 48,600 20,000 71,632 Accounts Receivable 351,200 632,160 878,000 Inventories 715,200 1,287,360 1,716,480 Total Current Assets $1,124,000 $1,946,802 $2,680,112 Gross Fixed Assets 491,000 1,202,950 1,220,000 Less: Accumulated Depreciation 146,200 263,160 383,160 Net Fixed Assets $344,800 $939,790 $836,840 Total Assets $1,468,800 $2,886,592 $3,516,952 Liabilities And Equity 2003 2004 2005e Accounts Payable 145,600 $324,000 $359,800 Notes Payable 200,000 720,000 300,000 Accruals 136,000 284,960 380,000 Total Current Liabilities $481,600 $1,328,960 $1,039,800 Long-Term Debt 323,432 1,000,000 500,000 Common Stock (100,000 Shares) 460,000 460,000 1,680,936 Retained Earnings 203,768 97,632 296,216 Total Equity $663,768 $557,632 $1,977,152 Total Liabilities And Equity $1,468,800 $2,886,592 $3,516,952 Income Statements 2003 2004 2005e Sales $3,432,000 $5,834,400 $7,035,600 Cost Of Goods Sold 2,864,000 4,980,000 5,800,000 Other Expenses 340,000 720,000 612,960 Depreciation 18,900 116,960 120,000 Total Operating Costs $3,222,900 $5,816,960 $6,532,960 EBIT $209,100 $17,440 $502,640 Interest Expense 62,500 176,000 80,000 EBT $146,600 ($158,560) $422,640 Taxes (40%) 58,640 ($63,424) 169,056 Net Income $87,960 ($95,136) $253,584 Other Data 2003 2004 2005e Stock Price $8.50 $6.00 $12.17 Shares Outstanding 100,000 100,000 250,000 EPS $0.880 ($0.951) $1.014 DPS $0.22 $0.11 $0.22 Tax Rate 40% 40% 40% Book Value Per Share $6.638 $5.576 $7.909 Lease Payments $40,000 $40,000 $40,000
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Ratio Analysis 2003 2004 2005e Current 2.3 1.5 2.58 Quick 0.8 0.5 0.93 Inventory Turnover 4.8 4.5 4.1 Days Sales Outstanding 37.4 39.5 45.5 Fixed Assets Turnover 10.0 6.2 8.41 Total Assets Turnover 2.3 2 2 Debt Ratio 54.80% 80.70% 43.80% TIE
Background image of page 2
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Background image of page 4
Background image of page 5
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}