Balance Sheet

Assets
Cash
Accounts Recievables
Inventories
Total Current Assets
Gross Plant&Equipment
Less:Accumul Dep
Net Plant&Equipment

Amt($)

Total Assets
Liabilities
Current Maturities of L.T.D
Accounts Payables
Accrued Expenses
Total Current Liabilities
Long Term Debt
Ne Bank(B/f)
Common Stock
Retained Earnings
Toatal Shareholders Equity

1994

1995

1996
Amt($)
Amt($)
Amt($)
508
609
706
846
2545
3095
3652
4513
1630
1838
2190
1625
4683
5542
6548
6984
3232
3795
4163
6163
1335
1515
1728
1941
1897
2280
2435
4222
6580

7822

8983

Amt($)

Total Liabilities

Income Statement
Net Sales
less:Cost Of Sales
Gross Profit
Selling,general,admin Exp
Depreciation
EBIT
Net Intt Expense
PBT
Less: Income Tax
Net Income
Less: Dividends
RE

1993

Amt($)

Ratios Analysis
Liqiudity/Short-term Solvency Ratios
1 Current Ratio
C.A/C.L

Amt($)

Amt($)

11206
Amt($)

125
1042
1145
2312
1000

125
1325
1432
2882
875

125
1440
1653
3218
750

125
1692
1974
3792
625

1135
2133
3268

1135
2930
4065

1135
3880
5015

1135
5193
6328

6580

7822

8983

10745

1993

1994

1995

1996
1.84

1997
2.12

1996
Amt($)
Amt($)
Amt($)
16230
20355
23505
28206
9430
11898
13612
16359
6800
8457
9893
11847
5195
6352
7471
9026
160
180
213
213
1445
1925
2209
2608
119
106
94
82
1326
1819
2115
2526
546
822
925
884
780
997
1190
1642
155
200
240
328
625
797
950
1313

1993
2.026

2 Quick Ratio
3 Cash Ratio

C.A-Invent/
C.L
Cash/C.L

Long-Term Solvency Ratios/Financial Leverage

1 Toatal Debt Ratio
T.A-T.E/T.A
2 Debt-Equity Ratio Debt/Equity
3 Equity Multiplier
T.A/T.E
4 Time Intt Earned
EBIT/INTT
5 Cash Coverage
EBIT+DEP/Intt
6 Debt-Service Cove PBIT/
Ratio
I+Debt/1-t+P.D/1-T
Asset Utilization/Turnover Ratio
Inventory Turnover Ratio
COGS/Inventory
Creditots Turnover Ratio
COGS/Creditors
Toatal Assets Turnover Ratio
sales/T.A

1.41

1.42

1.32

0.22

0.22

0.22

0.44
0.10
1.77
31.8

10.07

0.43
0.50
0.06
0.31
1.76
2.01
42.38 12.142857

6.22

5.79
9.049904
2.47

000
1997
Amt($)
1015
5416
3154 0.09317*sales
9585
6563
2274
4289

Recievables Turnover
Days Sales In Recievab
Inventory Turnover Ratio

13874
Pyables Turnover
Amt($)
125
2031
2369
4525
500
1135
6743
7878

PAT
=

(PBIT-I)(1-T)
(2608-.10*DEBT)(1-.35)

T.A
TL

11206
3667+D+1135+3880+pat-.2*p

12903

1997
Amt($)
33847
19631
14216 GPM
10831
333
3052 Opm
72
2980
1043
1937 npm
387
1549 ROA
ROE
1994
1.923

0.42

0.42

0.42

0.089
9.9?%

0.095

0.094

0.42

0.42

Dividend Payout Ratio

1995
2.035

0.048

0.049

0.051

0.130
0.239

0.145
0.245

0.145
0.237

1.29

1.35

0.21

0.22

0.48
0.22
1.92
18.160377

0.44
0.15
1.79
23.5

6.47
6.22
8.9796226 9.4527778
2.60
2.62

APP

40.3

1995
6.4 sales/Drs
56.7 365/recv turnover

ecievables Turnover
ays Sales In Recievab

ventory Turnover Ratio

6.2 COGS/Inventory

yables Turnover

9.5 COGS/Acc Payables

BIT-I)(1-T)
608-.10*DEBT)(1-.35)

=
TL
667+D+1135+3880+pat-.2*pat

Cost Of Sales
selling n dist

vidend Payout Ratio

58% of Sales
32% of Sales

1995
0.20 CaashDividends/Net Income

40.6

38.6

Balance Sheet
1993
Assets
Cash
Accounts Recievables
Inventories
Total Current Assets
Gross Plant&Equipment
Less:Accumul Dep
Net Plant&Equipment

Amt($)

Total Assets
Liabilities
Current Maturities of L.T.D
Accounts Payables
Accrued Expenses
Total Current Liabilities
Long Term Debt
Ne Bank(B/f)
Common Stock
Retained Earnings
Toatal Shareholders Equity

Amt($)
508
2545
1630
4683
3232
1335
1897

609
3095
1838
5542
3795
1515
2280

6580

7822

Amt($)

Total Liabilities

Income Statement
Net Sales
less:Cost Of Sales

Amt($)
125
1042
1145
2312
1000

125
1325
1432
2882
875

1135
2133
3268

1135
2930
4065

6580

7822

1993

1994

Amt($)

Gross Profit
Selling,general,admin Exp
Depreciation
EBIT
Net Intt Expense
PBT
Less: Income Tax
Net Income
Less: Dividends
RE
Ratio Analysis
Liquidity Ratios/Short-term Ratos
Current Ratio
C.A/C.L

1994

Amt($)
16230
9430
6800
5195
160
1445
119
1326
546
780
155
625

20355
11898
8457
6352
180
1925
106
1819
822
997
200
797

1993
2.0

1994
1.9

Quick Ratio
Cash Ratio
Debt Service Coverage
Long-term Solvency
Toatal Debt Ratio
Debt-Equity Ratio
Eqity Multipler
Time Intt Earned Rat

C.A-Inventory/C.L
Cash/C.L
PBIT/(Intt+(Cuurent Matut/(1-

1.3
0.22
4.3

1.3
0.21
5.9

T.A-T.E/T.A
T.Debt/T.Equity
T.A/T.E
EBIT/Intt

0.50
0.31
2.0
12.1

0.48
0.22
1.9
18.2

Turnover Ratios
Inventory Turnover
Days Sales in Inventry
Recievables Turnover
Days sales in Recievab
Payables Turnover
Days purchase in Payabl
Total Asset Turnover

COGS/Inventory
365/Inventory Ratio
Sales/Debtors(Reciev)
365/Reciveable Turnover
Purchases/Creditors
365/Payables Turnover
Sales/Total Assets

5.8
63
6.4
57
10.6
34
2.47

6.5
56
6.6
55
9.1
40
2.60

Profitability Ratios
Profit Margin
Gross Profit Margin
Return On Assets
Return On Equity

Net income/sales
Gross profit/sales
(PBIT*(1-T))/T.A
Net income/T.E

0.05
0.42
0.124
0.239

0.05
0.42
0.139
0.245

Purchases

cogs-O.S+C.S

11060

12106

1995
Amt($)

1996
Amt($)

1997
Amt($)

706
3652
2190
6548
4163
1728
2435

846
4372
1625
6843
6163
1941
4222

1015
5246
3148
9409
6563
2274
4289

8983

11065

13698

Amt($)

Amt($)
125
1440
1653
3218
750

Amt($)

1135
3880
5015

125
1777
1974
3876
625
408
1135
5021
6156

125
2132
2369
4627
500
1097
1135
6340
7475

8983

11065

13698

1995

1996

1997

Amt($)
23505
13612
9893
7471
213
2209
94
2115
925
1190
240
950

1995
2.0

Amt($)
Amt($)
28206
33847
16416
19699
11790
14148
8941
10729
213
333
2636
3086
116
172
2520
2913
1094
1264
1426
1649
285
330
1141
1319

1996
1.8

1997
2.0

Assumptions
Sales Growth
COGS
Selling and Dist
Dep
Tax
Dividends
Cash
A/c Recievables
Inventory
Plant&equip
Accumulated Dep
Accounts Payable
Accrued Expenses
Investment Warehouse
New Dep RATE on Invst
Interest Rate
Inventory

5%
6%
7%
8%
9%
10%

1.4
0.22
7.0

1.3
0.22
7.8

1.4
0.22
7.9

0.44
0.15
1.8
23.5

0.44
0.17
1.8
22.8

0.45
0.21
1.8
17.9

6%
7%
8%
9%
10%
11%

6.2
59
6.4
57
9.7
38
2.62

10.1
36
6.5
57
8.9
41
2.55

6.3
58
6.5
57
10.0
37
2.47

6%
7%
8%
9%
10%
11%

0.05
0.42
0.139
0.237

0.05
0.42
0.135
0.232

0.05
0.42
0.127
0.221

13964

15851

21222

16%
17%
18%
19%
20%
21%

5.30%
4.30%
3.30%
2.30%
1.30%
0.30%

What if accrued exp dont rise

This Mean I m paying back,cash is reduced n more debt required

as

as
as
as

20%
58.20%
31.70%
given
43.40%
20%
3%
15.50%
given
given
given
6.30%
7%
2400
5%
10%
9.30%

Fund Requirement(Accrued Exp)

408
1097

Fund Requirement(Inventory)
1097

Fund Requirement(Depreciation)
1097

Fund Requirement(Recievables)
408
1097

More Than 15.5%

Fund Requirement(Payables)
408
1097

Lower Than 6.30%