Interest on short term loans 018 030 091 interest on

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Interest on Short-Term Loans 0.18% 0.30% 0.91% Interest on Long-Term Loans 0.38% 0.53% 0.50% Interest on Mortgage 0.15% 0.12% 0.10% Total Interest 0.71% 0.95% 1.51% Before-tax earnings 8.55% 6.00% 0.96% Taxes 3.76% 2.40% 0.39% Net Income 4.79% 3.60% 0.58% Dividends on stock 1.41% 0.90% 0.14% Additions to Retained Earnings 3.38% 2.70% 0.43% Table 5 Staement of Cash Flows for years Ended December 31 (In Thousands of Dollars) 2011 2012 2013 Cash Flow from Operations: Sales $ 378,549 $ 401,251 $ 441,376 Increase in receivables $ (2,728) $ (21,790) $ (53,959) Cash Sales $ 375,821 $ 379,461 $ 387,417 Cost of Goods Sold $ (311,110) $ (342,016) $ (364,135) Increase in Inventories $ (29,570) $ (28,623) $ 34,084 Increase in Accounts Payable $ 7,484 $ 18,984 $ (8,006) Increase in Accruas $ 3,314 $ 4,462 $ 3,940 Cash Cost of Goods $ (329,882) $ (347,193) $ (334,117) Cash Margin $ 45,939 $ 32,268 $ 53,300 Administrative and Selling Expenses $ (30,690) $ (33,762) $ (35,310) Miscellaneous Expenses $ (7,114) $ (11,450) $ (7,724) Taxes $ (9,088) $ (1,547) $ (8,466) Net Cash Flow From Operations $ (953) $ (14,491) $ 1,800 Cash Flow from Fixed Asset Investment Investment in Fixed Assets $ (4,561) $ (5,409) Cash Flow from Financing Actiities Increase in Short Term Debt $ 3,824 $ 26,266 $ 12,750 Increase in Long Term Debt $ 6,694 $ - $ - Repayment of Mortgage $ (536) $ (522) $ (472) Interest Expense $ (3,598) $ (6,076) $ (8,197) Common Dividends $ (3,408) $ (580) Net Cash Flow from financing activities $ 2,976 $ 19,088 $ 4,081 Increase (Decrease) in Cash and Marketable Securities $ (2,567) $ (813) $ (6,550)
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Table 6 Staement of Cash Flows for years Ended December 31 (In Thousands of Dollars) 2010 2011 2012 LIQUIDITY RATIOS Current Ratio 3.13 2.74 1.79 Quick Ratio 1.65 1.07 0.72 LEVERAGE RATIOS Debt Ratio 40.79% 46.47% 59.59% TIE Coverage 13.03 7.31 1.64 ASSET MANAGEMENT RATIOS Inventory Turnover 7.17 4.49 3.49
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  • Spring '18
  • Felski
  • Generally Accepted Accounting Principles, Goods Sold, Marketable Securities

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