Fin Unit 2 IP 2 - 260.795 Long-Term Debt 415.138 Deferred...

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1 Unit 2 Individual Project 2 Lorraine Huff FIN410-1003A-07: Financial Management American InterContinental University June 17, 2010
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2 ABC Fitness 000's Income Statement Dec-05 Sales 2004.016 Cost of Goods Sold 1446.733 Gross Profit 557.283 Selling and Ad Expenses 361.402 Depreciation 56.87 Operating Income (EBIT) 139.011 Interest expense 34.482 Other Expense 14.124 EBT 90.405 Taxes 24.701 Net Income 65.704 Balance Sheet Assets Cash 25.32 Net Receivables 55.514 Inventories 141.35 Prepaids 8.775 Total Current Assets 230.959 Gross Plant & Equipment 536.74 Accumulated Depreciation (161.7) Net Plant & Equipment 507.34 Other Assets 4.621 Total Assets 1117.96 Liabilities Notes Payable 1.127 Accounts Payable 144.638 Taxes Payable 16.797 Accrued Expense 98.233 Total Current Liabilities
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Unformatted text preview: 260.795 Long-Term Debt 415.138 Deferred Taxes 20.396 Total Liabilities 696.329 Equity Common Stock 0.32 Capital Surplus 242.843 Retained Earnings 178.468 Total Equity 421.631 Total Liabilities and Equity 1117.96 3 Average Collection Period = Accounts Receivable/Average Sales per Day 2004.016 / 365 = 5.49 55.514 / 5.49 = 10.111 Inventory Turnover = COGS/Inventory 1446.733/141.35 = 10.235 Total Asset Turnover = Sales/Total Assets 2004.016/1117.96 = 1.7925 References Gitman, L. J. (2009). Principles of Managerial Finance Twelfth Edition. Boston, MA: Pearson Education, Inc. Miller, J. (2010, June 15). FIN410_7_183_2 - Chat. Unit 2 Live Chat . Hoffman Estates, IL, USA: American InterContinental University....
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This note was uploaded on 01/18/2012 for the course FIN 456 taught by Professor Jinhall during the Spring '10 term at American InterContinental University.

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Fin Unit 2 IP 2 - 260.795 Long-Term Debt 415.138 Deferred...

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