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
Five Cs of Obtaining Credit The five crucial parts lenders examine previously issuing credit include: 1. Character. This is a calculation of the borrower's integrit
discuss three approaches to short-term financing
Investment Objectives: Any investment should always start with identifying its objective. Thus, the first step in the pension fund investment management system is defining the
Examine about the Risk-based auditing A risk based audit will be reviewing the risk management process and considering main risks of the organisation as a whole. Risk manage
what is the criteria for a good international financial system
Question 1: (a) Advise a risk averse individual whether to invest his capital in a money market or capital market. Justify your answer. (b) Explain five types of Money marke
Q. Explain career counselling process? The career counselling process should contain the following elements: a. The employee's should goals, aspirations and expectations wit
Stepped spread floaters have a provision to change the quoted margin at certain intervals over a floater's life. The quoted margin could either step to a higher l
Question 1: "Good Governance is an ideal. To ensure sustainable development, actions must be taken to work towards this ideal with the aim of making it a reality." With ref
Margining System: Indian capital markets have finally acquired an international flavor with the market-wide rolling settlement coming into place on both the premier exchanges (
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