Triple A Office Mart

$22.00

Description

Triple A Office Mart
Income
Statement
1993 1994 1995 1996
Sales $ 38,00,000 $ 41,80,000 $ 48,50,000 $ 60,00,000
Cost of goods sold $ 24,60,000 $ 29,75,000 $ 32,00,000 $ 41,80,000
Gross profit $ 13,40,000 $ 12,05,000 $ 16,50,000 $ 18,20,000
S A and depreciation $ 6,84,000 $ 8,20,000 $ 8,98,408 $ 10,15,467
EBIT $ 6,56,000 $ 3,85,000 $ 7,51,592 $ 8,04,533
Interest Expense $ 30,780 $ 30,780 $ 42,372 $ 35,313
Profit before tax $ 6,25,220 $ 3,54,220 $ 7,09,220 $ 7,69,220
Tax Expense $ 1,87,566 $ 1,06,266 $ 2,12,766 $ 2,30,766
Net income $ 4,37,654 $ 2,47,954 $ 4,96,454 $ 5,38,454
Balance
Sheet
Cash $ 2,95,000 $ 3,26,040 $ 3,78,300 $ 4,68,000
Accounts Receivable $ 11,400 $ 12,540 $ 20,700 $ 18,000
Inventory $ 9,50,000 $ 10,28,595 $ 15,59,407 $ 17,35,207
Total current assets $ 12,56,400 $ 13,67,175 $ 19,58,407 $ 22,21,207
PPE net $ 4,50,000 $ 5,01,600 $ 5,01,600 $ 5,03,000
Total assets $ 17,06,400 $ 18,68,775 $ 24,60,007 $ 27,24,207
Accounts payable $ 1,52,000 $ 1,67,200 $ 1,90,000 $ 3,00,000
Notes payable $ 2,89,776 $ 1,13,326
Accrued wages
&taxes
$ 1,14,000 $ 1,25,000 $ 1,45,500 $ 1,80,000
Total current liabilities $ 2,66,000 $ 2,92,200 $ 6,25,276 $ 5,93,326
Long-term debt $ 3,42,200 $ 3,42,000 $ 3,42,000 $ 3,42,000
Total liabilities $ 6,08,200 $ 6,34,200 $ 9,67,276 $ 9,35,326
Contributed Capital $ 6,00,000 $ 6,00,000 $ 6,00,000 $ 6,00,000
Retained earnings $ 4,98,200 $ 6,34,575 $ 8,92,731 $ 11,88,881
Total Shareholders Equity $ 10,98,200 $ 12,34,575 $ 14,92,731 $ 17,88,881
Total liabilities & equity $ 17,06,400 $ 18,68,775 $ 24,60,007 $ 27,24,207
NOTE: # Shares outstanding 1,20,000 1,20,000 1,20,000 1,20,000
Triple A Office Mart Ratios 1993 1994 1995 1996
Returnd on Equity 40% 20.08% 33.26% 30.10%
Return on Asset 25.65% 13.27% 20.18% 19.77%
Compound Annual Av. Rate
Profit Aftex Tax $ 4,37,654 $ 2,47,954 $ 4,96,454 $ 5,38,454
Earnings per share $ 3.65 $ 2.07 $ 4.14 $ 4.49
Dividends per share
Profit Margin 11.52% 5.93% 10.24% 8.97%
Current Ratio 3.67 4.68 3.13 3.74
Quick Ratio 1.15 1.16 0.64 0.82
Inventory Turnover 4 4.06379576 3.110156617 3.457800712

I need help finding dividends per share, compound average annual growth rate and receivable collection period for the assignment attached

R. collection period

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