Harris_Seafood

Harris_Seafood - Sales Pounds(000s) PriceperPound 0 0 4.75...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
0 1 2 3 4 5 6 Sales Pounds (000s) 5,500  12,025  14,265  14,500  14,750  15,000  Price per Pound 4.75  4.75  4.75  4.75  4.75  4.75  4.75  Revenues 26,125  57,119  67,759  68,875  70,063  71,250  Costs of Goods Sold (excluding depreciation) 22,828  46,837  55,562  56,478  57,451  58,425  Gross profit 3,297  10,282  12,197  12,397  12,612  12,825  Selling, general and administrative 2,874  6,283  6,437  6,543  6,656  6,769  Depreciation 833  778  731  693  661  634  Pre-tax operating profit (410) 3,221  5,029  5,161  5,295  5,422  Assets Cash 450  261  571  678  689  701  713  Accounts receivable 2,176  4,758  5,644  5,737  5,836  5,935  Inventories 2,485  4,561  7,962  9,446  9,601  9,767  9,932  Other current assets 523  1,142  1,355  1,378  1,401  1,425  Total current assets 2,935  7,521  14,434  17,123  17,405  17,705  18,005  Net plant and equipment 7,000  6,867  6,789  6,757  6,765  6,804  6,870  Other long term assets 100  392  857  1,016  1,033  1,051  1,069  Total assets 10,035  14,780  22,080  24,896  25,203  25,560  25,944 
Background image of page 1

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

View Full DocumentRight Arrow Icon
0 1 2 3 4 5 6 Costs of goods/thousand pounds 4.15 3.89 3.89 3.90 3.89 3.90 Implied fixed costs @ 3.89/thous lb 1433 59.75 71.15 73 73.5 75 Selling, general etc/thous lb 0.52 0.52 0.45 0.45 0.45 0.45 Implied fixed costs @ 0.45/thous lb 399 871.75 17.75 18 18.5 19 Depreciation Nominal from Ex 7-700 real 833 787 758 746 748 764 Real from Ex 6 - 700 833  778  731  693  661  634  Original Depreciation (nominal) 17 824  727  641  566  499  440  (7000 investment, life-time in col B) ∆ Current Assets/∆Revenue 0.176 0.223 0.253 0.253 0.253 0.253 Some other data 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 Av. Inflation measures (Ex 8) GNP deflator 5.1 4.1 5.8 9.7 9.6 5.2 6 7.3 8.8 6.8 CPI 3.4 3.4 8.8 12.2 7 4.8 6.8 9 13.3 7.6 <-- Use this rate below CPI food 4.3 4.7 20.1 12.2 6.5 0.6 8 11.8 10.2 8.7 Calculating "comparable" r0 Treasure Isle Pre-tax income 1909 3035 4919 5092 2203 Taxes 898 1464 2405 2358 939 Implied rate 0.48 0.470 0.482 0.489 0.463 0.426 Mkt value of equity
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 5

Harris_Seafood - Sales Pounds(000s) PriceperPound 0 0 4.75...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online