Copy of Clarkson_Lumber_Pro_Formas

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

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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
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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...
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This note was uploaded on 11/22/2011 for the course FINANCE BUS M 401 taught by Professor Taylornadauld during the Winter '11 term at BYU.

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

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