Professional Documents
Culture Documents
April-May Jun
1978
1978
156
272
1,463
500
1,619
772
375
802
43
127
1,347
272
251
500
24
50
Jul
1978
250
250
Aug
1978
450
450
Sep
1978
588
588
Oct
1978
1,000
1,000
330
621
29
65
433
714
36
95
208
661
45
78
208
622
54
69
992
(404)
953
47
795
828
404
Nov
1978
1,054
1,054
431
634
56
62
841
2,024
(970)
970
47
(47)
-
272
53
-
795
-
828
-
404
-
970
-
1,547
1,600
2,395
3,223
3,627
3,580
4,550
310
1,058
1,368
1,176
927
2,103
2,564
844
3,408
3,206
656
3,862
3,794
529
4,323
3,862
554
4,416
Dec
1978
2,518
2,518
Jan
1979
2,300
2,300
Feb
1979
1,000
1,000
Mar
1979
500
500
252
551
58
48
241
476
43
46
201
514
24
39
201
389
19
37
909
1,609
806
1,494
778
222
646
(146)
146
1,609
1,494
(1,609) (1,494)
-
222
(222)
-
146
-
2,941
1,447
1,225
1,371
2,730
477
3,207
1,321
700
2,021
817
905
1,722
626
1,119
1,745
Assumptions:
Sales growth rate
COGS/Sales
Operating expense/Sales
Interest expense/Sales
Tax rate
20%
53.26%
28.43%
5.19%
40%
Hanson Industries
Income Statement (1979-1983)
(in $000)
1979
Revenue
COGS
Gross Margin
Less: Operating Expenses
Operating Earnings
Less: Interest Expense
Income Before Taxes
Taxes
Net Income
Assumptions:
Account Receivables/Sales
Inventory/Sales
Account Payable in 1979
Account Payable/Sales (1980-1983)
Prepaid expenses/Sales
Annual capital expenditures
Depreciation
$
$
$
$
$
$
$
$
$
13,095
6,974
6,121
3,723
2,398
680
1,719
687
1,031
1980
$
$
$
$
$
$
$
$
$
15,714
8,369
7,345
4,467
2,878
816
2,062
824.93
1,237
1981
$
$
$
$
$
$
$
$
$
18,857
10,042
8,814
5,361
3,453
979
2,475
990
1,485
15.50%
20.00%
$ 944
10.13%
2.68%
$ 500
$ 500
Hanson Ski Industries
Balance Sheet (1979-1983)
(in $000)
1979
Current assets:
Cash
Accounts receivable
$
$
104%
598 $
2,030 $
1980
45%
1,217 $
2,436 $
1981
37%
1,767
2,923
Inventories
Prepaid expenses
Total current assets
Fixed assets:
Property, plant & equipment
Less: Accumulated depreciation
Net fixed assets
Total assets
Liabilities:
Accounts payable
Notes payable
Total liabilities
Stockholder's equity:
Capital stocks
Retained earnings
Total equity
Total liabilities & Stockholder's Equity
1978
$ 2,603
$
$
$
2,619
351
5,598
$
$
$
3,143
421
7,217
$
$
$
3,771
505
8,967
$
$
$
$
2,638
500
2,138
7,736
21%
$
$
$
$
2,638
500
2,138
9,355
19%
$
$
$
$
2,638
500
2,138
11,105
19%
$
$
$
944
4,005
4,949
$
$
$
1,326
4,005
5,331
$
$
$
1,591
4,005
5,596
$
$
$
$
1,354
1,433
2,787
7,736
$
$
$
$
1,354
2,671
4,025
9,355
$
$
$
$
1,354
4,155
5,509
11,105
1979
$
4,056
1980
$
4,674
$
$
$
$
$
$
1,453
1,031
422
1981
$
5,608
618 $
1,237 $
(619) $
935
1,485
(550)
1982
$
$
$
$
$
$
$
$
$
22,628
12,051
10,577
6,433
4,144
1,174
2,970
1,188
1,782
1983
$
$
$
$
$
$
$
$
$
1982
$
$
33%
2,427 $
3,507 $
27,154
14,461
12,693
7,720
4,973
1,409
3,564
1,425
2,138
1983
55%
3,219
4,209
$
$
$
4,526
606
11,066
$
$
$
5,431
728
13,586
$
$
$
$
2,638
500
2,138
13,204
19%
$
$
$
$
2,638
500
2,138
15,724
$
$
$
1,909
4,005
5,914
$
$
$
2,291
4,005
6,296
$
$
$
$
1,354
5,937
7,291
13,206
$
$
$
$
1,354
8,075
9,429
15,726
1982
$
6,730
$
$
$
19%
1983
$
8,076
1,122 $
1,782 $
(660) $
1,346
2,138
(792)
Assumptions:
Sales growth rate
20%
COGS/Sales
53.26%
Operating expense/Sales 28.43%
Interest expense/Sales
5.19%
Tax rate
40%
Assumptions:
Account Receivables/Sales
15.50%
Inventory/Sales
20.00%
Account Payable in 1979
$ 944
Account Payable/Sales (1980-1983) 10.13%
Prepaid expenses/Sales
2.68%
Annual capital expenditures
$ 500
Depreciation
$ 500