Financial Input-ACME Roadrunner

    2009 2010
$
1 Revenue 4,900,000 $ 5,833,250
2 Retained Earnings (at start of year) $ 423,000  
$
3 Beginning Inventory 1,500,000 $ 1,000,000
4 Other Short Term Debt (end of year) $ 270,000 $ 50,000
5 Sales & Marketing 10% of Rev 9% of Rev
6 Accumulated Depreciation $ 493,000 $ 557,000
7 Interest   $ 50,000
8 Gross Profit    
9 Accounts Payable $ 530,000 25% of Purch
10 Total Fixed Assets    
11 Raw Materials Purchased   $ 2,500,000
12 Total Stockholder Equity    
13 Goods Available (beginning inventory+ purchases)    
14 Cash $ 207,000  
15 Retained Earnings (end of year)    
16 Total Long-Term Assets   $ 1,176,000
17 Other Current Liabilities   $ 32,000
18 Research & Development 12% of Rev 14% of Rev
19 Tax rate 35.00% 40.00%
20 Amortization $ 7,300  
21 Dividends $ 25,000 $ 50,000
22 EBITDA    
23 Intangibles(gross) $ 100,000 $ 100,000
24 Total Liabilities    
25 Marketable Securities $ 162,000 $ 162,000
26 Preferred Stock $ 150,000 $ 250,000
27 Earnings Before Int/Tax    
$
28 Earnings Before Tax 1,579,700  
29 General & Administrative 5% of Rev  
$
30 Property, Plant and Equipment 1,649,000  
31 Other liabilities  
32 Accumulated Amortization $ 35,000 $ 42,300
33 Accounts Receivable $ 707,000 20% of Rev
34 Total Assets    
35 Total Current Liabilities $ 819,000  
36 Long Term Debt $ 450,000 $ 250,000 *Assume LTD moved to
37 Common Stock   $ 453,195 STD is $200K (amount of
LTD owed with one year
38 Total Liabilities & Equity    
period)
$
39 Cost of Goods Sold 1,900,000  
40 Depreciation $ 48,000  
41 Total Current Assets    
42 Net Income    
43 Total Operating Expense   30% of Rev
44 Ending Inventory   $ 1,250,000
 Income Statement-ACME Roadrunner
           
  2009   2010   Notes
Revenue   4,900,000    5,833,250    Given on input sheet
Beginning Inventory   1,500,000    1,000,000    Given on input sheet
Purchases  1,400,000    2,500,000    COGS+ending inventory-beginning inventory
Total Goods Avail Sale  2,900,000    3,500,000    Calculated based on purchases+inventory
2009 is beginning inventory 2010 (which is given);
Ending Inventory  1,000,000 1,250,000 2010 is given on input sheet
       
         
Cost of Goods Sold 1,900,000    2,250,000    total goods available - ending inventory
Gross Profit  3,000,000    3,583,250    Revenue - COGS
         
Operating Expenses          
Research & Development  588000   816,655   Given as a % on input sheet
Sales & Marketing  490,000   524,992.5   Given as a % on input sheet
Given as a % on input sheet for 2009, calculated
General & Administrative  245,000    408,317.5   for 2010
Given as a % on input sheet for 2010, calculated
TOTAL OPERATING  1,323,000   1,749,975   for 2009
         
 2009 + 2010: calculated, gross profit-total
EBITDA  1,677,000    1,833,275   operating expense
 2009: Given on input sheet, 2010: difference in
Depreciation 48,000    64,000   accumulated depreciation
 2009: Given on input sheet, 2010: difference in
Amortization   7,300    7,300   accumulated amortization

Earnings Before Int/Tax 1,621,700    1,761,975   EBITDA-(depreciation and amortization)

2009: Net income - EBITDA, 2010: Given on input
Interest (net)  42,000    50,000   sheet (assuming this is net)
         
Net Income Before Tax  1,579,700    1,711,975    2009: Given on input sheet, 2010 : EBIT-I
Taxes(35%, 40%)  552,895   684,790    Given as a % on input sheet
           
Net Income  1,026,805    1,027,185    Calculated as net income before tax- tax
Balance Sheet -ACME Roadrunner
            
2009   2010   Notes
ASSETS      
CURRENT ASSETS      
Cash  207,000 507,535  Given
Receivables  707,000  1,166,650  Calculated
Inventory  1,000,000  1,250,000  Given
Marketable Securities  162,000  162,000  Given
       
TOTAL CURRENT ASSETS  2,076,000  3,086,185  Calculated
       
LONG-TERM ASSESTS      
Property Plant and Equipment  1649000  1,675,300  Given, Calculated
Accumulated Depreciation  493,000  557,000  Given
       
TOTAL FIXED ASSETS  1,156,000  1,118,300  Calculated
       
Intangibles  100,000  100,000  Given
Accumulated Amortization  35,000  42,300  Given
       
NET INTANGIBLES 65,000  57,700   Calculated
TOTAL LONG-TERM ASSETS  1,221,000  1,176,000  Calculated, Given
TOTAL ASSETS  3,297,000   4,262,185  Calculated
       
LIABILITIES AND EQUITY      
CURRENT LIABILITIES      
Accounts Payable  530,000  625,000  Given
Short-Term Debt  270000  250,000  Added 200K from LTD
Other Current  19,000  32,000  Given
       
TOTAL CURRENT  819,000  907,000  Calculated
       
Long Term Debt  450,000  250,000  Given
       
TOTAL LIABILITIES  1,269,000  1,157,000  Calculated
       
Preferred Stock  150,000 250,000   Given
Common Stock  453,195  453,195  Given
Retained Earnings  1,424,805  2,401,990  RE+NI- DIV
       
TOTAL STOCKHOLDER EQUITY  2,028,000  3,105,185  Calculated
       
TOTAL LIABILITIES AND EQUITY  3,297,000  4,262,185  Calculated

Balance Sheet -ACME Roadrunner

           
 2009(A)   2010(B)   Difference (A-B)
ASSETS      
CURRENT ASSETS      
Cash  207,000 507,535 (300,535)
Receivables  707,000  1,166,650 (459,650)
Inventory  1,000,000  1,250,000 (250,000)
Marketable Securities  162,000  162,000 0
     
TOTAL CURRENT ASSETS  2,076,000  3,086,185 (1010185)
     
LONG-TERM ASSESTS    
Property Plant and Equipment  1649000  1,675,300 (26300)
Accumulated Depreciation  493,000  557,000 64000
     
TOTAL FIXED ASSETS  1,156,000  1,118,300 37,700
     
Intangibles  100,000  100,000 0
Accumulated Amortization  35,000  42,300 7300
     
NET INTANGIBLES 65,000  57,700 7300
TOTAL LONG-TERM ASSETS  1,221,000  1,176,000 45000
TOTAL ASSETS  3,297,000   4,262,185 (965,185)
       
LIABILITIES AND EQUITY      B-A
CURRENT LIABILITIES      
Accounts Payable  530,000  625,000 95,000
Short-Term Debt  270000  250,000 (20,000)
Other Current  19,000  32,000 13,000
     
TOTAL CURRENT  819,000  907,000 88,000
     
Long Term Debt  450,000  250,000 (200,000)
     
TOTAL LIABILITIES  1,269,000  1,157,000 (112,000)
     
Preferred Stock  150,000 250,000  100,000
Common Stock  453,195  453,195 0
Retained Earnings  1,424,805  2,401,990 977,185
     
TOTAL STOCKHOLDER EQUITY  2,028,000  3,105,185 1,077,185
     
TOTAL LIABILITIES AND EQUITY  3,297,000  4,262,185 965,185

Cash Flow from Operations  

   
Net Income  1,027,185
Depreciation & Amortization  71,300
   
Working Capital Changes  
Changes in Accounts Receivable (459,650)
Changes in Inventory (250,000)
Changes in Accounts Payable  95,000
Changes in Other Current Libalities  13,000
Total Cash Flow from Operations 496,835
   
Cash Flow from Investments  
   
Changes in PP&E (gross)  (26300)
Change in long term intangibles (Gross)  0
Changes in Marketable securities  0
   
Total Cash Flow from Investments  (26300)
   
Cash Flow from Financing  
Changes in STBD  (20,000)
Changes in LTBD  (200,000)
Payment of Dividends  (50,000)
Changes in Preferred stock issues  100,000
Changes in common stock issues  0
Total Cash Flow from Financing  (170,000)
   
Net Cash increase (Decrease)  300,535
   
Beginning Cash Balance  207,000
   
Ending Cash Balance  507,535