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MNQ Company Balance Sheet ($000) Assets Current Assets Cash and cash equivalents Accounts receivable Inventories Total Current Assets 2008 2007 2006...

Calculate and critique MNQ Company's cash conversion and operating cycles from 2004 to 2008.

Page 1 of 1 MBA6010_Managerial Finance MNQ Company Balance Sheet ($000) 2008 2007 2006 2005 2004 Assets Current Assets Cash and cash equivalents $250 $225 $191 $160 $192 Accounts receivable $650 $585 $497 $425 $510 Inventories $300 $270 $230 $200 $240 Total Current Assets $1,200 $1,080 $918 $785 $942 Fixed Assets Property, plant, and equipment $2,200 $1,870 $1,814 $1,422 $1,400 Less: Accumulated depreciation $400 $200 $180 $80 $75 Net property, plant, and equipment $1,800 $1,670 $1,634 $1,342 $1,325 Intangible assets $300 $240 $220 $210 $205 Total Fixed Assets $2,100 $1,910 $1,854 $1,552 $1,530 Total Assets $3,300 $2,990 $2,772 $2,337 $2,472 Liabilities and Stockholders' Equity Current Liabilities Accounts payable $400 $340 $299 $245 $319 Notes payable $300 $255 $224 $184 $239 Accrued expenses $600 $510 $449 $368 $478 Total Current Liabilities $1,300 $1,105 $972 $797 $1,037 Long-Term Liabilities Long-term debt $400 $380 $370 $350 $345 Deferred taxes $250 $230 $220 $210 $205 Total Long-Term Liabilities $650 $610 $590 $560 $550 Total Liabilities $1,950 $1,715 $1,562 $1,357 $1,587 Stockholders' Equity Common stock $100 $100 $100 $100 $100 Capital surplus $450 $420 $410 $380 $370 Retained earnings $800 $755 $700 $500 $415 Total Stockholders' Equity $1,350 $1,275 $1,210 $980 $885 Total Liabilities and Stockholders' Equity $3,300 $2,990 $2,772 $2,337 $2,472
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Page 1 of 1 MBA6010_Managerial Finance MNQ Company Income statement ($000 - Except for per share information) 2008 2007 2006 2005 2004 Sales $1,200 $1,100 $880 $750 $875 Cost of goods sold $540 $550 $264 $360 $306 Selling, general, and administrative expenses $180 $200 $165 $210 $180 Depreciation $200 $20 $100 $5 $75 Operating income $280 $330 $351 $175 $314 Other income $40 $30 $20 $18 $30 Earnings before interest and taxes (EBIT) $320 $360 $371 $193 $344 Interest expense $28 $27 $26 $25 $24 Earnings before taxes (EBT) $292 $333 $345 $169 $320 Taxes (35%) $102 $117 $121 $59 $112 Net income $190 $217 $224 $110 $208 Addition to retained earnings $45 $55 $200 $85 $120 Dividends $145 $162 $24 $25 $88 Additional Information: Shares outstanding 50 50 50 50 50 Book value per share 27 25.5 24.2 19.6 17.7 Market price per share 21 18.5 18 16 25 Earnings per share $3.80 $4.33 $4.49 $2.19 $4.15 Dividends per share $2.90 $3.23 $0.49 $0.49 $1.75
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8490172.xls

MNQ Company
Balance Sheet ($000)
Assets
Current Assets
Cash and cash equivalents
Accounts receivable
Inventories
Total Current Assets 2008 2007 2006 2005 2004 $250
$650
$300
$1,200 $225
$585
$270...

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