For years ending 12/31 INCOME STATEMENT Net sales Cost of sales Gross Profit
$ 20,355 11,898 8,457 6,352 180 106 1,819 822 $ 997 $ 200
Proportion of COGS to Sales 58.10% 58.45% Proportion of SGA to Sales 32.01% 31.21%
Selling, general, and administrative expenses5,195 Depreciation 160 Net interest expense 119 Pre-tax income 1,326 Income taxes 546 Net income $ 780 Dividends BALANCE SHEET Assets Cash balances Accounts receivable Inventories Total current assets Gross plant & equipment Accumulated depreciation Net plant & equipment Total assets Liabilities Current maturities Accounts payable Accrued expenses Total current liabilities Long-term debt Common stock Retained earnings Total shareholders' equity Total liabilities $ 155
Proportion of Income Taxes to Pre Tax Income 41.18% 45.19% Proportion of PAT paid as Dividends 19.87% 20.06%
Proportion of Cash to Sales 3.13% 2.99% Proportion of Account Receivables to Sales 15.68% 15.21%
$ 6,580
$ 7,822
$ 8,983
$ 6,580
$ 7,822
$ 8,983
Proportion of Income Taxes to Pre Tax Income Average 43.74% 43.37% Proportion of PAT paid as Dividends 20.17% Average 20.03%
Average 3.04%
1993 Profitability Return on Sales Return on Capital Return on Equity Liquidity Current Ratio Quick Ratio Leverage Assets / Equity Debt / Total Capital Interest Coverage Activity Ratios Sales / Assets Days Receivable Days Inventory Days Payable Purchases 4.81% 18.28% 23.87%
2.03 1.32
1.92 1.29
2.03 1.35
In Thousands of Dollars INCOME STATEMENT Net Sales Cost of Sales Gross Profit Selling, General & Administrative Expenses Depreciation Net Interest Expense Pre Tax Income Income Taxes Net Income Dividends BALANCE SHEET ASSETS Cash Balances Accounts Receivables Inventories Total Current Assets ASSUMPTIONS 20% Growth Per Annum 58.2% of Sales 1996 28,206 16,416 11,790 1997 33,847 19,699 14,148
10,730 Average Relationship with Sales 333 116 2,970 1,289 Average Tax Rate 1,681 336 Average Dividends Payout Ratio 1997 1,015 Average of Relationship with Sales 5,246 Average Realtionship with Sales 3,146 9,408 6,563 Increase in Dep 333
43.4% of PBT
20% of PAT
Gross Plant & Equipment Assumptions Given Accumulated Depreciation 1996, Increase of $213 1997, Increase of $213 plus 5% of $2,400 Net Plant & Equipment Total Assets LIABILITIES Current Maturities Bank Debt Accounts Payable Accrued Expenses Total Current Liabilities Long Term Debt
125 1,077 2,132 2,369 5,704 500 1,135 6,360 7,495 13,698
Decreases by $125
Common Stock Constant 1,135 Retained Earnings Beginning RE + PAT + Dividends 5,015 Total Shareholders Equity 6,150 Total Liabilities & Equity 11,065
1996 Profitability Return on Sales Return on Capital Return on Equity Liquidity Current Ratio Quick Ratio Leverage Assets / Equity Debt / Total Capital Interest Coverage Activity Ratios Sales / Assets Days Receivable Days Inventory Days Payable Purchases 5.03% 22.85% 23.07%
1.59 1.22
1.65 1.10