Marine Supply Company

Balance Sheet

Year 1

Year 2

Year 3

Year 4

$121,000

$174,000

$195,000

$174,800

Receivables

314,000

356,000

465,000

537,000

Inventory

647,000

790,000

1,008,000

973,200

1,082,000

1,320,000

1,668,000

1,685,000

Net Plant

462,000

586,000

689,000

720,200

Miscellaneous Assets

107,000

119,000

127,000

154,400

Assets
Cash

Total Current Assets

Total Assets

$1,651,000 $2,025,000 $2,484,000 $2,559,600

Liabilities and Equity

Accounts Payable

$70,000

$152,000

$246,000

$245,300

Other Current Liabilities

235,000

269,000

350,000

367,500

Total Current Liabilities

305,000

421,000

596,000

612,800

Long-Term Debt

124,000

287,000

457,000

460,400

Deferred Taxes
.
Other Liabilities

25,700

45,800

53,800

71,400

20,300

15,200

25,700

10,500

Total Liabilities

475,000

769,000

1,132,500

1,155,100

1,176,000

1,256,000

1,351,500

1,404,500

Net Worth
Total L & E

$1,651,000 $2,025,000 $2,484,000 $2,559,600

Marine Supply Company

Income Statement
Net Sales

Year 1

Year 2

Year 3

Year 4

$2,334,000 $2,802,000 $3,271,000 $3,044,800 $4,544,800

Gross Profit

839,700

952,900

1,119,990

1,078,400

EBIT

299,300

333,000

405,500

348,500

12,300

21,000

47,300

66,000

152,300

156,600

170,800

133,900

60,700

76,600

75,300

80,900

$91,600

$80,000

$95,500

$53,000

Interest
Net Income
Dividend
Addition to Net Worth

Year 5

1,578,400

Marine Supply Company

Diego Alonso
1/23/2013

Financial Ratios

Year 1 Year 2 Year 3 Year 4 Industry

Causal Ratios
Fixed Assets to Net Worth

39.29%

46.66%

50.98%

51.28%

49.10

46.37

51.89

64.37

Net Sales to Inventory

3.6

3.5

3.2

3.1

4.1x

Net Sales to Net Worth

1.98

2.23

2.42

2.17

2.10x

6.53%

5.59%

5.22%

4.40%

6.20%

Collection Period*

Net Profit to Net Sales

Misc. Assets to Net Worth

0.090986 0.094745

0.09397 0.109932

45.50%
44.0 days

**

DuPont Analysis
Profit Margin

6.53%

5.59%

5.22%

4.40%

1.4

1.4

1.3

1.2

9.22%

7.73%

6.88%

5.23%

9.30%

1.40

1.61

1.84

1.82

1.376x

12.95%

12.47%

12.64%

9.53%

12.80%

3.55

3.14

2.80

2.75

Current Liab. To NW

25.94%

33.52%

44.10%

43.63%

20.10%

Debt to Assets ratio

28.77%

37.98%

45.59%

45.13%

27.30%

24.3

15.9

8.6

5.3

Inventory to Working Capital

83.27%

87.88%

94.03%

90.77%

91.07%

Receivables to Working Capital

40.41%

39.60%

43.38%

50.08%

44.90%

Net Sales to Fixed Assets

5.1

4.8

4.7

4.2

6.4x

Net Sales to Working Capital

3.0

2.6

3.1

2.8

4.0x

Asset Turnover
Return on Assets
Equity Multiplier
Return on Equity

6.20%
1.5x

Other Ratios
Current Ratio

Times Interest Earned

2.40x

8.6x

* Assume all sales are credit sales

** Industry ratio not available