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
Second-Round Financing This is the introduction of further funding through original investors or new investors to enable a new organization to deal with finance growth or unexp
As an investor, what factors would you consider before investing in the emerging stock market of a developing country? Answer: An investor in emerging market stocks requirements
What does the “weight” refer to in the weighted average cost of capital? The weight considered to in weighted average cost of capital consider the portion of the total capital in
Treasury Notes or T-notes are the securities issued with maturities of more than one year and but not more than 10 years. All these securities are coupon securiti
Explain the terminal value calculation at the end of the forecast period. Why is it necessary? The organization whose business operation is being valued is not supposed to sudde
Q. Describe the Meaning of Financial Management? Meaning of Financial Management: - Financial management is a vital as well as an integral part of business management. It demot
What is Rationale and behind profitability maximisation Rationale & behind profitability maximisation, as a guide to financial decision making, is simple. Profit is a test of e
What is a marginal cost of capital schedule (MCC)? Is the schedule always a horizontal line? Explain. The marginal cost of capital schedule is a graphic representation of the
What are the Objectives of Financial Management To make wise decisions a clear understanding of the objectives that are sought to be achieved in compulsory. Objectives provide
Exchange Requirements To ensure money supply, some central banks require some or all of its foreign exchange receipts (generally from exports) be exchanged for the local curren
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