Copy of Clarkson_Lumber_Pro_Formas

Copy of Clarkson_Lumber_Pro_Formas - 12.3 PP&E 233 262...

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Clarkson Lumber Company 1993 1994 1995 1996 1997 1998 1999 Ave. Hist. Financial Plan Actual Actual Actual Forecast Forecast Forecast Forecast % of Sales Key Assumptions Sales Growth 19.0% 30.0% 21.7% 25.0% 25.0% 25.0% Interest Rate (new bank loan) 11.0% 11.0% 11.0% 11.0% Tax Rate 18.9% 19.0% 22.2% 22.2% 22.2% 22.2% 22.2% Payables Period 35.3 47.1 53.6 53.6 53.6 53.6 53.6 Income Statement ($000) Net Sales 2,921 3,477 4,519 5,500 6,875 8,594 10,742 COGS 2,202 2,634 3,424 4,160 5,200 6,500 8,125 75.6% Discount - - - - - - - Operating expense 622 717 940 1,150 1,437 1,797 2,246 20.9% Interest expense 23 42 56 43 55 73 96 Pretax profits 74 84 99 147 183 224 276 Taxes 14 16 22 33 41 50 61 Net income 60 68 77 115 142 174 214 Balance Sheet ($000) Cash 43 52 56 77 96 121 151 1.4% A/R 306 411 606 655 818 1,023 1,279 11.9% Inventory 337 432 587 677 847 1,058 1,323
Image of page 1

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

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 12.3% PP&E 233 262 388 442 552 690 863 8.0% Total Assets 919 1,157 1,637 1,851 2,314 2,892 3,615 Notes payable, bank (PLUG)- 60 390 496 663 871 1,130 Note payable to Holtz- 200 100- - - - Notes payable, trade- - 127- - - - A/P 213 340 376 611 764 955 1,193 Accrued Expenses 42 45 75 81 101 126 157 1.5% Term loan, current portion 20 20 20 20 20 20 20 Term loan 140 120 100 80 60 40 20 Net Worth 504 372 449 564 706 880 1,095 Total Liabilities & Net Worth 919 1,157 1,637 1,851 2,314 2,892 3,615 Dec-93 Mar-96 Source Use ASSETS Cash 43 53 10 A/R 306 583 277 Inv. 337 607 270 PPE 233 384 151 919 1627 LIAB Bank loan 399 399 Holtz 100 100 Trade Credit 213 487 274 Acc. Exp. 42 67 25 Term loan 160 120 40 Net Worth 504 454 50 919 1627 798 798...
View Full Document

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern