Input Data

Sale 422,733
Cost of good sold 0.38
operating Expense 0.50
Interest expense 0.06
Tax rate 0.30
Dividends 10,900
Current Assets/ Sale 0.32
Current Liabilities/Sale 0.28
Fixed Assets 110,600
Starting Equity 121,600

Income Statement

Sale 422,733
Cost of good sold 160,639
operating expense 211,367
Interest expense (Income) (1,171)
Profit before Tax 51,899
Tax 15,570
Profit after Tax 36,329
Dividends 10,900
Earning Retained 25,429

Balance Sheet

Current Assets 135,275

Fixed Assets 110,600
total Assets 245,875

Cueenst libilities 118,365

Debt (19,520)
Equity 147,029
Total liabilities and Net Wor 245,875
Input Data 2002 2003 2004

Sale 422,733 477,688 539,787

Cost of good sold 0.38 0.38 0.38
operating Expense 0.50 0.50 0.50
Interest expense 0.06 0.06 0.06
Tax rate 0.30 0.30 0.30
Dividends 10,900 10,900 10,900
Current Assets/ Sale 0.32 0.32 0.32
Current Liabilities/Sale 0.28 0.28 0.28
Fixed Assets 110,600 110,600 110,600
Starting Equity 121,600 147,029 176,255

Income Statement 2002 2003 2004

Millions Millions Millions
Sale 422,733 477,688 539,787
Cost of good sold 160,639 181,522 205,119
operating expense 211,367 238,844 269,894
Interest expense (Income) -1,171 0 0
Profit before Tax 51,899 57,323 64,774
Tax 15,570 17,197 19,432
Profit after Tax 36,329 40,126 45,342
Dividends 10,900 10,900 10,900
Earning Retained 25,429 29,226 34,442

Balance Sheet 2002 2003 2004

Millions Millions Millions
EXCESS CASH 19,520 46,548 78,505
Current Assets 135,275 152,860 172,732
Fixed Assets 110,600 110,600 110,600
total Assets 265,395 310,008 361,837

Cueenst libilities 118,365 133,753 151,140

Debt 0 0 0
Equity 147,029 176,255 210,697
Total liabilities and Net Worth 265,395 310,008 361,837

Trial Aseets 245,875 263,460 283,332

Trial Liabilities 265,395 310,008 361,837
PLUG: DEBT (Excess Cash) (19,520) (46,548) (78,505)
Input Data 2002 2003 2004

Sale 422,733 477,688 539,787

Cost of good sold 0.48 0.38 0.38
operating Expense 0.50 0.50 0.50
Interest expense 0.06 0.06 0.06
Tax rate 0.30 0.30 0.30
Dividends 10,900 10,900 10,900
Current Assets/ Sale 0.32 0.32 0.32
Current Liabilities/Sale 0.28 0.28 0.28
Fixed Assets 110,600 110,600 110,600
Starting Equity 121,600 116,141 176,941

Income Statement 2002 2003 2004

Millions Millions Millions
Sale 422,733 477,688 539,787
Cost of good sold 202,912 181,522 205,119
operating expense 211,367 238,844 269,894
Interest expense (Income) 682 -981 -4,960
Profit before Tax 7,773 58,303 69,734
Tax 2,332 17,491 20,920
Profit after Tax 5,441 40,812 48,814
Dividends 10,900 10,900 10,900
Earning Retained -5,459 29,912 37,914

Balance Sheet 2002 2003 2004

Millions Millions Millions
EXCESS CASH 0 16,346 82,664
Current Assets 135,275 152,860 172,732
Fixed Assets 110,600 110,600 110,600
total Assets 245,875 279,806 365,996

Cueenst libilities 118,365 133,753 151,140

Debt 11,369 0 0
Equity 116,141 146,053 214,855
Total liabilities and Net Worth 245,875 279,806 365,996

Trial Aseets 245,875 263,460 283,332

Trial Liabilities 234,506 279,806 365,996
PLUG: DEBT (Excess Cash) 11,369 (16,346) (82,664)
Sensivity analysis
Debt and excess cash by COGS/SALE

COGS/SALE of 2002
DEBT Excess Cash
0.35 0 28,787
0.38 0 19,520
0.40 0 13,342
0.42 0 7,165
0.44 987
0.45 2,102 0
0.48 11,369 0