VP 8-5 Consecutive five-year balance sheets anu w+-~-~ 7 poration ows: 7 poration are as folloy MARY LOU SZABO CORPORATION Balance Sheets 2007, through December 31, 2011 December 31, 9 2008 (Dollars in thousands) 2011 2010 200 2s Assets Current assets: ‘Gach § 24,000. $25,000 $.26,000 $ 24,000 $ 26,00 Accounts receivable, net 120,000 122,000 128,000 129,000 130,000 Inventories 135,000 138,000 141,000 _140,000 _137,000 Total current assets 379,000 285,000 295,000 293,000. 293,000 500,000 491,000 485,000 479,000 470,000 Property, plant, and equipment, net 80,000 85,000 90,000 __ 95,000 _100,000 Goodwill Total assets $859,000 $861,000 $870,000 Scanned with CamScanner(Dollars in thousands) Liabilities and 2007 bi —208_soro_ zane 2088 Curent Tabi tbls Equity 2010 ‘Counts payable Income Tala $180,000 sist,oo0 $181,500 $183,000 $185.97) Longeeeaatett libiites S*yeo0n "y4'so 14,000 12,000 12.5% Redbone THD ~T9ESOG | 195,500 —195,000 196.500 Teg Preferred stock 65,000 67,500, 79,500 82,000 107,500 tnt ibe _s0,o00 _S0'000_-go,000 _80.000 tolders’ equity: zas;p00 | 355,000 357,000 x Pree ity: 337,000 343,000 355,000 35% 000 304,000 70,000 70,000 70,000 70,000, 120.000 excess of par, 350,000 350,000 350,000 350,000 350,000 ‘common stock of par, Retained earnings 15,000 15,000 —15,000—*15,000, 15.000 Total stockholders’ equity _ 85,000 _ 83,000 _80,000 _75,000 74,000 Total liabilities and stockholders’ 520,000 7518,000 "515,000 510,000 _559,000 equity ers ———— ‘$859,000 $861,000 $870,000 $867,000 $863,000 MARY LOU SZABO CORPORATION ‘Statement of Earnings (Dollars in the ‘Years Ended December 31, 2007-2011 lars in ae thousands) 2011 2010 2009 2008 2007 sales soca oS Cost of gor '$ 980,000 $960,000 $ 940,000 $ 900,000 $ 880,000 tae @5,000 616000 _ 607,000 _ $80,000 _ $66,000 administrative expense (240,000) (239,000) (238,000) (239,000) (235,000) Interest expense (6,500) (6,701 (8,000) (8,100) (11,000) Earnings from continuing —(6 500), 6,700), _8,000), _(8,100) I eee before income taxes 108,500 98,300 87,000 72,900 68,000 come taxes 35,800 _ 33,400 __29,200 __21,700 __23,100 Earnings from continuing Se BE = oe operations Extraordinary loss, net of taxes Net earnings Earnings (loss) per share: Continuing operations $ 180 $ 162 $ 146 $ 128 Extraordinary loss = = = (0.85) Net earnings per share 5.3.00 6. 280,,S den Fas S048 64,900 $7,800 51,200 44,900 = = __(30,000) Faso STG TsO F 149002 "Note: Dividends on preferred stock were as follows: Redeemable preferred stock... Preferred stock. 2008-2011 $6,400 2008-2011 $ 6,300 2007 10,800 Required ‘a, Compute the following for the years ended December 31, 2009-2011: 41, Net profit margin 2, Total asset turnover 3, Return on assets 4, DuPont return on assets income margin 6. Operating asset turnover 7, Return on operating assets $, DuPont return on operating assets 9, Sales to fixed assets 10. Return on investment (continued) Scanned with CamScanner11. Returm on total equity 12. Return on common equity 13. Gross profit margin Note: For ratios that call for using average balance sheet figures and year | “i e b. Briefly comment on profitability and tren\ Wiiheceaceinveeuts between using the average bal “._ Camnany at December 31, 2011 had the jy werage balance sheet figures, compute the 3 end balance sheet figures. i s indicated in profitability. Also com nce sheet figures and year-enq fee : Scanned with CamScanner