Professional Documents
Culture Documents
Net Sales
Cost of Sales
Gross Profit
Selling, general, and
administrative expenses
Depreciation
Net inerest expense
Pre-tax income
Income taxes
Net income
Dividends
Balance Sheet
Assets
Cash
Accounts Receivable
Inventories
Total current assets
Gross plant and equipment
Accumulated depreciation
net plant and equipment
total assets
2011
16,230
9,430
6,800
2012
20,355
11,898
8,457
2013
23,505
13,612
9,893
5,195
160
119
1,326
546
780
155
6,352
180
106
1,819
822
997
200
7,471
213
94
2,115
925
1,190
240
58.10%
Proportion of S
32.01%
Proportion of Incom
41.18%
Proportion of PAT p
19.87%
Proportion of C
3.13%
508
2,545
1,630
4,683
3,232
1,335
1,897
6,580
609
3,095
1,838
5,542
3,795
1,515
2,280
7,822
706
3,652
2,190
6,548
4,163
1,728
2,435
8,983
125
1,042
1,145
2,312
1,000
1,135
2,133
3,268
6,580
125
1,325
1,432
2,882
875
1,135
2,930
4,065
7,822
125
1,440
1,653
3,218
750
1,135
3,880
5,015
8,983
Liabilities
Current maturities of longterm debt
Accounts payable
Accrued expenses
Total current liabilities
Long-term debt
Common stock
Retained earnings
Total shareholders equity
Total Liabilities
Proportion of C
Proportion of Accounts
15.68%
Average
57.91%
58.16%
Average
31.78%
31.67%
Average
3.00%
3.04%
18.76%
Liquidity
Current Ratio
Quick Ratio
Cash Ratio
Leverage
Equity Multiplier
Debt Ratio
Debt/Equity Ratio
Profitability
Profit Margin
Return on Assets
Return on Equity
Activity Ratios
Total Asset Turnover
Receivables turnover
Days sales in Receivables
Capital Intensity
2011
2.03
1.32
0.22
2012
1.92
1.29
0.21
2013
2.03
1.35
0.22
2.01
0.50
2.01
1.92
0.48
1.92
1.79
0.44
1.79
4.81%
11.85%
23.87%
4.90%
12.75%
24.53%
5.06%
13.25%
23.73%
2.47
6.38
57.24
0.41
2.60
6.58
55.50
0.38
2.62
6.44
56.71
0.38
Income Statement
Net Sales
Cost of Sales
Gross Profit
2014
2015
28206 33847.2
16415.89 19699.07
11790.11 14148.13
8941.30 10729.56
Depreciation
Net inerest expense
Pre-tax income
Income taxes
Net income
213
129
2506.81
1087.95
1418.85
213
116
3089.57
1340.87
1748.70
283.77
349.74
Balance Sheet
Assets
Cash
Accounts Receivable
846.18
4371.93
1015.42
5246.32
Inventories
Total current assets
Gross plant and equipment
Accumulated depreciation
net plant and equipment
total assets
1,625
6843.11
5291.45
1,941
3,350
10,194
3147.79
9409.52
6349.73
2274
4,076
13,485
125
1776.98
1974.42
3876.40
625
1,350
5,015
6,365
10,866
125
2132.37
2369.30
4626.68
500
1,350
6,414
7,764
12,891
Dividends
Liabilities
Current maturities of long-term
debt
Accounts payable
Accrued expenses
Total current liabilities
Long-term debt
Common stock
Retained earnings
Total shareholders equity
Total Liabilities
Assumptions
20% growth per year on left, 10% growth per year on right
Cost of Sales will be 58.2 of Net Sales
Selling, general, and administrative expenses will be 31.7% of
Sales
Dollar value of TCI's depreciation expense on its oher assets in
2014 and 2015 would be the same as 2013
3% of sales
Accounts Receivables will be 15.5% of Sales
Inventory temporarily decrease its inventories to a level of
$1,625,000 in 2014, but would increase back to same
relationship to sales in 2015
Will have steady relationship with sales (Average 18.76%)
Income Statement
Net Sales
Cost of Sales
Gross Profit
2014
2015
25855.5
28441.05
15047.90 16552.6911
10807.60 11888.3589
8196.19 9015.81285
Depreciation
Net inerest expense
Pre-tax income
Income taxes
Net income
213
129
2269.41
984.92
1284.48
213
116
2543.55
1103.90
1439.65
256.90
287.93
Balance Sheet
Assets
Cash
Accounts Receivable
775.665
4007.6025
853.23
4408.36
Inventories
Total current assets
Gross plant and equipment
Accumulated depreciation
net plant and equipment
total assets
1,625 2645.01765
6408.2675
7906.61
4850.49
5335.54
1,941
2274
2,909
3,062
9,318
10,968
Dividends
Liabilities
Current maturities of long-term
debt
Accounts payable
Accrued expenses
Total current liabilities
Long-term debt
Common stock
Retained earnings
Total shareholders equity
Total Liabilities
125
1628.90
1809.885
3563.78
625
1,350
1,028
2,378
6,566
125
1791.79
1990.87
3907.66
500
1,350
2,179
3,529
7,937
20% increase
Liquidity
Current Ratio
Quick Ratio
Cash Ratio
1.765327 2.033753
1.346123 1.353397
0.21829 0.21947
10% increase
Liquidity
Current Ratio
Quick Ratio
Cash Ratio
Leverage
Equity Multiplier
Debt Ratio
Debt/Equity Ratio
1.601481 1.736887
0.375578 0.424257
1.707202 1.660311
Leverage
Equity Multiplier
Debt Ratio
Debt/Equity Ratio
Profitability
Profit Margin
Return on Assets
Return on Equity
Activity Ratios
Total Asset Turnover
Receivables turnover
Days sales in Receivables
Capital Intensity
2014
5.03%
13.92%
22.29%
2015
5.17%
12.97%
22.52%
2.767042 2.509941
6.451613 6.451613
56.575
56.575
0.361397 0.398416
Profitability
Profit Margin
Return on Assets
Return on Equity
Activity Ratios
Total Asset Turnover
Receivables turnover
Days sales in Receivables
Capital Intensity
2014
2015
1.798165 2.023362
1.342189 1.346482
0.217652 0.218348
3.918999 3.107738
0.744833 0.678223
2.761779 2.248875
4.97%
13.79%
54.02%
5.06%
13.13%
40.79%
2.774862 2.593057
6.451613 6.451613
56.575
56.575
0.360378 0.385645