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 |
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| 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 | |||||||
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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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