Professional Documents
Culture Documents
Non-current Assets
Property , Plant and Equipment ,net 492,800 463,750 29,050 6
Other Assets 28,000 31,500 (3,500) (11)
Total Non-current assets 520,800 495,250 25,550 5
LIABILITIES
Current liabilities
Accounts payable 91,200 79,300 11,900 15
Notes Payable 10,300 8,200 2,100 26
Total Current Liabilities 101,500 87,500 14,000 16
Non-current Liabilities
Bonds Payable 175,000 192,500 (17,500) (9)
TOTAL LIABILITIES 276,500 280,000 (3,500) (1)
STOCKHOLDERS' EQUITY
Ordinary shares 390,000 320,000 70,000 22
Retained Earnings 158,800 114,000 44,800 39
TOTAL STOCKHOLDERS'EQUITY 548,800 434,000 114,800 26
RECEIVABLE TURNOVER
Net Sales 735000 525000
Receivable,net
Beginning of the year 63000 59500
End of the year 105000 63000
Total 168000 122500
Divided by 2 2
Average receivable 84000 61250
Turn-over ratio (NS/AR) 8.8 8.6
COLLECTION PERIOD
Days in a year 365 365
AR turn-over ratio 8.8 8.6
Collection Period (365/TR) 41 days 42 days
OPERATING CYCLE
Days' supply in Inventory (DS) 75 89
Collection Period (CP) 41 42
Operating cycle(DS+CP) 116 days 131 days
PROFITABILITY
PROFIT MARGIN
Net income(NI) 58,800 52,500
Net sales (NS) 735,000 525,000
Profit Margin (NI/NS) 8% 10%
ASSET TURNOVER
Sales (NS) 735,000 525,000
Assets
Beg. Of year 714,000 700,500
End of the year 825,300 714,000
total ### ###
divided by 2 2 2
Average assets (AA) 769,650 707,250
Asset turnover (NS/AA) . 95 times .74 times
RETURN ON ASSETS
Net Income (NI) 58,800 52,500
Average total assets (AA) 769,650 707,250
Return on assets (NI/AA) 7.60% 7.40%
RETURN ON EQUITY
Net Income (NI) 58,800 52,500
Stockholders' Equity
Beg. Of the year 434,000 385,500
End of the year 548,800 434,000
Total 982,800 819,500
Divided by 2 /2 /2
Average stockholders equity 491,400 409,750
Return on Equity (NI/ASHE) 11.90% 12.80%
DEBT/EQUITY RATIO
Total liabilities (TL) 276,500 280,000
Total Stockholders' Equity(TSHE) 548,800 434,000
Debt to Equity Ratio ( TL/SHE) .5 : 1 .64 : 1
MARKET RISK
PRICE/EARNINGS RATIO
Market price per share (MPS) 500 750
Earnings per share (EPS) 168 175
Price /Earnings ratio (MPS/EPS) 3 times 4.3 times
DIVIDEND YIELD
Dividends per share (DPS) 40 13.33
Market price per share (MPS) 500 750
Dividends Yield (DPS/MPS) 8% 1.80%
MARKET RISK