Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Financial Analysis Project:
Balance Sheet
ASSETS
December 31, 2009
Cash
$20,900,000
Marketable Securities
$117,000,000
Accounts Receivable
$33,000,000
Less: Allowance for Bad Debts
$(880,000)
Net Accounts Receivable
$32,120,000
Inventory
Raw Materials
$2,000,000
Work-in-process
$1,000,000
Finished Goods
$5,000,000
Inventory Purchased for Resale
$24,000,000
Total Inventory
$32,000,000
Plant, Property and Equipment
$6,700,000
Less: Accumulated Depreciation
$(320,000)
Net Plant, Property and Equipment
$6,380,000
Prepaid Expenses
$200,000
Goodwill and Other Purchased Intangibles
$28,000,000
Less: Amortization
$(700,000)
Net Goodwill and Other Purchased Intangibles
$27,300,000
Total Assets
$235,900,000
LIABILITIES AND OWNERS' EQUITY
Accounts Payable
$22,000,000
Accrued Advertising
$11,800,000
Other Liabilities and Accrued Expense
$1,400,000
Current Portion of Long-Term Debt
$2,300,000
Long Term Debt
$57,400,000
Preferred Stock, $100 par value per share,
100,000 authorized, 0 shares issued and outstanding
$0
Common Stock, $1 par value per share,
250,000,000 shares authorized, 13,000,000 shares
issued, 12,900,000 outstanding
$13,000,000
Additional Paid-in-Capital in excess of par value, Common Stock
Treasury Stock
$(1,000,000)
Retained Earnings (less Cash Dividends Paid)
$12,000,000
$11,000,000
Total Liabilities and Owner's Equity
Income Statement
December 31, 2008
Sales Revenues
$51,000,000
$10,300,000
Less: Sales Returns
$(300,000)
Net Sales Revenues
$50,000,000
$10,000,000
Less: Cost of Goods Sold
$(9,000,000)
$(4,000,000)
Gross Profit
$41,000,000
$6,000,000
Operating Expenses:
Advertising and Sales
$(26,000,000)
$(3,000,000)
Depreciation
$(160,000)
Salaries and Wages
$(1,700,000)
$(1,400,000)
Product Development
$(1,200,000)
Merger and Acquisition Related Costs, including
Amortization of Goodwill and Other Intangibles
Total Operating Expenses
$(32,560,000)
Income from Continuing Operations Before Income Taxes
$8,440,000
Less: Income Taxes at 35%
$(2,954,000)
Income from Continuing Operations
$5,486,000
Discontinued Operations:
Income from Operations of Discontinued Division
(less applicable income taxes)
$350,000
Loss on Disposal of Discontinued Division
$(150,000)
Total Gain from Discontinued Operations
Extraordinary Items:
Loss from fire (less applicable income taxes)
$(200,000)
Net Income
Divisional Revenues
Books
$15,000,000
$7,000,000
Online gaming
$25,000,000
Customized MP3/CD/DVD
$3,000,000
Customized MP3/CD/DVD Inventory at end of 2009
$8,000,000
Use of Beta to Partition Risk The total risk or variability in earnings can be attributed to two classes of factors: Marketwide factors which create variability in all
What is the correlation between the efficient portfolio and the risk-free asset? Possible answers are +1, -1, 0, or cannot be calculated.
Project your company's income statement and assets for five years. Identify your assumptions for major categories. Determine how you will finance your balance sheet (long-term de
Explain the preferred stocks by equity claims. Preferred stocks are equity claims with limited ownership rights in comparison to common stocks. They differ from common stocks i
Assume you are a professional financial analyst working for a wealthy investor. Your client has $2.6 million to invest and wants to sink it into a single stock (diversification is
It is the number that tells how many common stocks (or preference stocks) will the bondholder receive at the time of conversion. It is usually constant over
Credit analysis is the financial analysis used for determining the creditworthiness of an issuer using various quantitative and qualitative factors. The four Cs an anal
The number of properties sold every month indicates that Thorne Co experiences seasonal trends in its business. There is an sign that property sales are at a low level in winter an
It is not easy to determine the theoretical value of non-treasury securities. However, we can use the treasury spot rate for the valuation of non-treasury security.
Criticize the flexible exchange rate regime from the viewpoint of the proponents of the fixed exchange rate regime. If exchange rates are fluctuating very frequently, that may
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd