fm4 21 - 0.0% -52.1% 45.4% Total Equity 0.0% -16.0% 197.9%...

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Mini Case: 4 - 21 For the percent change analysis, divide all items in a row by the value in the first year of the analysis. Percent Change Balance Sheets Assets 2006 2007 2008e Cash 0.0% -19.1% 55.6% Short Term Investments 0.0% -58.8% 47.4% Accounts Receivable 0.0% 80.0% 150.0% Inventories 0.0% 80.0% 140.0% Total Current Assets 0.0% 73.2% 138.4% Gross Fixed Assets 0.0% 145.0% 148.5% Less Accumulated Depreciation 0.0% 80.0% 162.1% Net Fixed Assets 0.0% 172.6% 142.7% Total Assets 0.0% 96.5% 139.4% Liabilities And Equity 2006 2007 2008e Accounts Payable 0.0% 122.5% 147.1% Notes Payable 0.0% 260.0% 50.0% Accruals 0.0% 109.5% 179.4% Total Current Liabilities 0.0% 175.9% 115.9% Long-Term Debt 0.0% 209.2% 54.6% Common Stock (100,000 Shares) 0.0% 0.0% 265.4% Retained Earnings
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Unformatted text preview: 0.0% -52.1% 45.4% Total Equity 0.0% -16.0% 197.9% Total Liabilities And Equity 0.0% 96.5% 139.4% Percent Change Income Statement 2006 2007 2008e Sales 0.0% 70.0% 105.0% Cost Of Goods Sold 0.0% 73.9% 102.5% Other Expenses 0.0% 111.8% 80.3% Depreciation 0.0% 518.8% 534.9% Total Operating Costs 0.0% 80.5% 102.7% EBIT 0.0%-91.7% 140.4% Interest Expense 0.0% 181.6% 28.0% EBT 0.0% -208.2% 188.3% Taxes (40%) 0.0% -208.2% 188.3% Net Income 0.0% -208.2% 188.3% We see that 2008 sales grew 105% from 2006, and that NI grew 188% from 2006. So Computron has become more profitable. We see that total assets grew at a rate of 139%, while sales grew at a rate of only 105%. So asset utilization remains a problem....
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This note was uploaded on 07/13/2011 for the course FIN 4414 taught by Professor Staff during the Spring '08 term at University of Florida.

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