fm4 15 - $ 6.638 $ 5.576 $ 7.909 Lease Payments $ 40,000 $...

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Mini Case: 4 - 15 Income Statements 2006 2007 2008e 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 2006 2007 2008e Stock Price $ 8.50 $ 6.00 $ 12.17 Shares Outstanding 100,000 100,000 250,000 EPS $ 0.880 $ (0.951) $ 1.014 DPS $ 0.220 $ 0.110 $ 0.220 Tax Rate 40% 40% 40% Book Value Per Share
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Unformatted text preview: $ 6.638 $ 5.576 $ 7.909 Lease Payments $ 40,000 $ 40,000 $ 40,000 Ratio Analysis 2006 2007 2008e Industry Average Current 2.3 1.5 2.58 2.7 Quick 0.8 0.5 0.93 1.0 Inventory Turnover 4.8 4.5 4.10 6.1 Days Sales Outstanding 37.4 39.5 45.5 32.0 Fixed Assets Turnover 10.0 6.2 8.41 7.0 Total Assets Turnover 2.3 2.0 2.00 2.5 Debt Ratio 54.8% 80.7% 43.8% 50.0% TIE 3.3 0.1 6.3 6.2 EBITDA Coverage 2.6 0.8 5.5 8.0 Profit Margin 2.6%-1.6% 3.6% 3.6% Basic Earning Power 14.2% 0.6% 14.3% 17.8% ROA 6.0%-3.3% 7.2% 9.0% ROE 13.3%-17.1% 12.8% 17.9% Price/Earnings (P/E) 9.7-6.3 12.0 16.2 Price/Cash Flow 8.0 27.5 8.1 7.6 Market/Book 1.3 1.1 1.5 2.9...
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