Professional Documents
Culture Documents
INCOME STATEMENT
Net sales
Cost of sales
Gross profit
Selling, general, and administrative expenses
Depreciation
Net interest expense
Pre-tax income
Income taxes
Net income
Dividends
BALANCE SHEET
Assets
Cash
Accounts receivable
Inventories
Total current assets
Gross plant & equipment
Accumulated depreciation
Net plant & equipment
Total assets
LIABILITIES
Current maturities of
long-term debt
Bank debt
Accounts payable
Accrued expenses
Total current liabilities
Long-term debt
Common stock
Retained earnings
Total shareholders equity
Total liabilities
1993
1994
1995
$16,230
9,430
6,800
5,195
160
119
1,326
546
$780
$155
$20,355
11,898
8,457
6,352
180
106
1,819
822
$997
$200
$23,505
13,612
9,893
7,471
213
94
2,115
925
$1,190
$240
$508
2,545
1,630
4,683
3,232
1,335
1,897
$6,580
$609
3,095
1,838
5,542
3,795
1,515
2,280
$7,822
$706
3,652
2,190
6,548
4,163
1,728
2,435
$8,983
$125
$125
$125
1,042
1,145
2,312
1,000
1,135
2,133
3,268
$6,580
1,325
1,432
2,882
875
1,135
2,930
4,065
$7,822
1,440
1,653
3,218
750
1,135
3,880
5,015
$8,983
Ratio
Profitability
Return on sales
Return on Invested capital
Return on equity
Liquidity
Current ratio
Quick ratio
Leverage
Asset/equity
Debt/total capital
Interest coverage
Activity ratio
Sales/ assets
Days receivable
Days inventory
Days payable
1993
4.8%
19.1%
23.9%
1994
4.9%
19.6%
24.5%
1995
5.1%
18.9%
23.7%
2.0
1.3
1.9
1.3
2.0
1.4
2.0
25.6%
12.1
1.9
19.7%
18.2
1.8
14.9%
23.5
2.5
57.2
63.1
40.3
2.6
55.5
56.4
40.6
2.6
56.7
58.7
38.6
21.96%
24.61%
24.59% ROA
Exhibit 1
1993
1994
$16,230
9,430
6,800
5,195
160
119
1,326
546
$780
$155
$20,355
11,898
8,457
6,352
180
106
1,819
822
$997
$200
$508
2,545
1,630
4,683
3,232
1,335
1,897
$6,580
$609
3,095
1,838
5,542
3,795
1,515
2,280
$7,822
$125
$125
1,042
1,145
2,312
1,000
1,135
2,133
3,268
$6,580
1,325
1,432
2,882
875
1,135
2,930
4,065
$7,822
1995
last 3 yr Percent
avergae of sales
$23,505
13,612
9,893
7,471
213
94
2,115
925
$1,190
$240
20,030
11,647
20.0%
58.1%
6,339
31.6%
Case
20%
of PAT
$706
3,652
2,190
6,548
4,163
1,728
2,435
$8,983
608
3,097
1,886
3%
15%
9%
case
$125
1,440
1,653
3,218
750
1,135
3,880
5,015
$8,983
1,269
1,410
6%
7%
125
1996
1997
28,206
16,401
11,805
8,927
213
92
2,573
1,116
1,457
291
33,847
19,681
14,166
10,712
333
117
3,004
1,303
1,701
340
28206
16401
11805
8927
213
92
2573
1116
1457
291
856
4,362
1,625
6,842
6,163
1,941
4,222
11,064
1,027
5,234
3,187
9,448
6,563
2,274
4,289
13,737
856
4362
2656
7873
6163
1941
4222
12095
125
361
1,787
1,986
4,258
625
1,135
5,046
6,181
11,064
125
1,043
2,144
2,383
5,695
500
1,135
6,407
7,542
13,737
125
1392
1787
1986
5289
625
1135
5046
6181
12095
1996
28206
G
r
o
w
t
h
r
0.05
0.06
0.07
0.08
0.09
0.10
0.11
0.12
1996
1997
33847
S
a
l
e
o
w
t
h
r
a
t
e
0.13
0.14
0.15
0.16
0.17
0.18
0.19
0.20
0.21
S
a
l
e
s
2400000
5.0%
99.29303 120.88229
120
213000
120000
213
333000
0.20
0.20
1996
1997
28206
16401
11805
8927
213
92
2573
1116
1457
291
33847
19681
14166
10712
333
117
3004
1303
1701
340
856
4362
1625
6842
6163
1941
4222
11064
1027
5234
3187
9448
6563
2274
4289
13737
125
361
1787
1986
4258
625
1135
5046
6181
11064
125
1043
2144
2383
5695
500
1135
6407
7542
13737
Ratio
Profitability
Return on sales
Return on Invested ca
Return on equity
Liquidity
Current ratio
Quick ratio
Leverage
Asset/equity
Debt/total capital
Interest coverage
Activity ratio
Sales/ assets
Days receivable
Days inventory
Days payable
1996
5.2%
18.9%
23.6%
1997
5.0%
18.0%
22.6%
1.6
1.2
1.7
1.1
1.8
10.8%
29.0
1.8
7.7%
26.8
2.5
56.4
36.2
39.8
2.5
56.4
59.1
39.8