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
You have just purchased a stock that would pay the dividends of the first four years as D1 = $0.65, D2 = $0.74, D3 = $0.79, D4 = $0.84. You were also told that the dividends would
Describe how society's interests can influence financial managers. Sometimes the interests of a business firm's owners aren't the same as the interests of society. For illustr
We have earlier studied that the investor may have to carry cash for some time because of discrepancies arising between the timing of the bond's cash-flow and the
A drug company has developed a new painkiller for chronic pains, although it is doubtful whether the new drug actually has any effect. The company conducts a double-blind experimen
What are the different types of cash flow to the bondholder of coupon bonds? Coupon bonds deliver two different kinds of cash flow to the bondholder are as follows: a. Face
Difference between Debtcapital and Equity capital Debtcapital comprises: Long-term loans (debentures, loan stock etc.) Preference share capital May also in
Q. Describes the Certainty Equivalent Coefficient Method? Introduction: - Certainty equivalent coefficient process which makes adjustment against risk in the estimates of futur
Explain what is meant by the incremental cash flows of a capital project. Incremental cash flows are defined by the change in total firm cash inflows and cash outflows which ca
Q. What is Allocation Registers? The object of allocation register is keep the heads of department of divisions districts and regions informed of the progress of expenditure by
What are "free cash flows?" Free cash flows signify the total cash flows from business operations that are available to be distributed to the suppliers of a firm's capital each
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