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
applicability in vegetable growing
What is risk aversion? If common stockholders are risk averse, how do you explain the fact that they often invest in very risky companies? Risk aversion is the tendency to evad
The Investment Decision: - Investment decision as well known as 'Capital Budgeting' is related to the selection of long-term assets or else projects in which investments will be m
CLASSIFICATION OF BUDGETS Budgets can be categorized on the basis of several bases. There are three important bases for classifying budgets. They are - functions, time, and
A company commissioned a valuation of its land and buildings for inclusion in its financial statements. The valuation document contained the following details:
Securitization refers to conversion of illiquid assets to liquid assets by converting longer duration cash flows into shorter duration ones. Securitization denote
Current Assets:- Stock of Raw-Materials :- [(Cost of yearly consumption Of raw material)*{ (Average Inventory holding period (weeks/months))}/(52 weeks / 12 months)]=
Explain how a firm determines the optimal level of current assets. The best possible level of working capital is determined by finding the amount that balances the need for liq
What is a marginal cost of capital schedule (MCC)? Is the schedule all the time a horizontal line? Explain. The MCC schedule is a graphic depiction of the weighted average cost
Global Scenario The Hedge Fund industry has captured over US $ 2 trillion in assets globally by the end of year 2006. According to an investor survey revealed for the Hedge Fun
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