Posted: February 26th, 2022

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CorpA Steadiness Sheets
Company A
Comparative Steadiness Sheets
As of December 31
Property: 20X3 20X2 20X1
Money $ 210,000 $ 780,000 $ 1,530,000
Accounts Receivable 315,000 265,000 240,000
Stock 436,000 405,000 330,000
Pay as you go Insurance coverage 15,000 18,000 21,000
Whole Present Property $ 976,000 $ 1,468,000 $ 2,121,000
Land 1,650,000 1,630,000 1,400,000
Buildings 2,300,000 1,760,000 1,400,000
Much less: Accrued Depreciation (560,000) (490,000) (440,000)
Web Buildings 1,740,000 1,270,000 960,000
Whole Lengthy-Time period Property three,390,000 2,900,000 2,360,000
Whole Property four,366,000 four,368,000 four,481,000
Liabilities & Stockholder’s Fairness
Accounts Payable 215,000 134,000 185,000
Salaries and Wages Payable 63,000 49,000 40,000
Dividends Payable 69,702 36,818 zero
Notes Payable—Line of Credit score 356,000 205,000 98,000
Whole Present Liabilities 703,702 424,818 323,000
Notes Payable—Lengthy-Time period 1,393,722 949,811 1,017,219
Bonds Payable 1,000,000 1,000,000 1,000,000
Much less: Low cost on Bonds Payable (41,583) (48,317) (54,603)
Web Bonds Payable 958,417 951,683 945,397
Whole Lengthy-term Liabilities 2,352,139 1,901,494 1,962,617
Whole Liabilities three,zero55,841 2,326,312 2,285,617
Contributed Capital 1,500,000 1,500,000 1,500,000
Retained Earnings 1,449,159 1,080,688 730,383
Treasury Inventory (1,639,000) (539,000) (35,000)
Whole Stockholders’ Fairness (SE) 1,310,159 2,zero41,688 2,195,383
Whole Liabilities & Stockholdler’s Fairness $four,366,000 $four,368,000 $four,481,000
CorpA Revenue Statements
Company A
Comparative Revenue Statements
For the 12 Months Ended December 31
20X3 20X2 20X1
Gross sales Income $four,010,000 $three,400,000 $2,300,000
Value of Items Offered Expense (2,520,000) (1,910,000) (940,000)
Salaries and Wages Expense (660,000) (840,000) (750,000)
Depreciation Expense-Constructing (115,000) (88,000) (70,000)
Insurance coverage Expense (117,000) (102,000) (95,000)
Whole Bills (three,412,000) (2,940,000) (1,855,000)
Working Revenue 598,000 460,000 445,000
Curiosity Expense—Notes (76,911) (69,591) (54,749)
Curiosity Expense—Bonds (66,734) (66,286) (65,868)
Acquire (Loss) Sale of Buildings (2,000) 45,000 (51,000)
Acquire (Loss) Sale of Land (three,000) 43,000 7,000
Whole Different (148,645) (47,877) (164,617)
Web Revenue $449,355 $412,123 $280,383
Earnings per share $6.71 $four.74 $2.83
CorpA Assertion of Money Flows
Company A
Comparative Statements of Money Stream
For the 12 Months Ended December 31
For the 12 Months Ended December 31 20X3 20X2
Money obtained from prospects $ three,938,484 $ three,335,116
Money paid to suppliers -2,470,000 -2,022,000
Money paid for salaries and wages -646,000 -831,000
Money paid for insurance coverage -114,000 -99,000
Money paid for earnings taxes -145,556 -129,709
Money paid for curiosity—Bonds -60,000 -60,000
Money paid for curiosity—Notes Payable -52,740 -66,946
Web Money from Working Actions $ 450,188 $ 126,461
Funding in Land -300,000 -1,420,000
Funding in Constructing -930,000 -640,000
Sale of Constructing 343,000 287,000
Sale of Land 277,000 1,233,000
Web Money from Investing Actions $ (610,000) $ (540,000)
Proceeds (Fee) Notes Payable -32,188 128,539
(Buy) Sale Treasury Inventory -330,000 -440,000
Dividends Paid -48,000 -25,000
Money from Financing Actions $ (410,188) $ (336,461)
Web Change in Money -570,000 -750,000
Starting Money 780,000 1,530,000
Ending Money $ 210,000 $ 780,000
CorpA Agency & Business Ratios
Company A
Agency and Business Monetary Ratios
20X3 20X2 20X3/20X2 Business
Return on Fairness zero.27 zero.19 zero.14
Dividend Payout zero.18 zero.15 zero.10
Return on Property zero.10 zero.09 zero.10
Return on Gross sales zero.11 zero.12 zero.11
Asset Turnover zero.92 zero.77 1.02 `
Present Ratio 1.39 three.46 2.35
Fast Ratio zero.75 2.46 1.75
Debt/Property zero.70 zero.53 zero.35
Accounts Receivable Days 26.40 27.11 19.50
Stock Days 60.91 70.23 41.50
Accounts Payable Days 25.59 31.73 28.40
Abstract: Money Conversion Days 61.71 65.61 32.60
CorpA Different Data
Company A
Widespread Inventory: The agency has 400,000 shares licensed and 100,000 shares issued at year-end 20X1, 20X2, and 20X3.
Treasury Inventory: The agency bought 1,000 shares of treasury inventory at year-end 20X1, 12,000 at year-end 20X2, and 20,000 at year-end 20X3.
Market Valuation: The market value of the inventory was $31 at year-end 2006, $35 at year-end 20X1, $42 at year-end 20X2, and $55 at year-end 20X3. o
For valuation functions, trade specialists use the dividend valuation mannequin to worth the frequent fairness curiosity of trade corporations. Potential buyers’ required fee of return for this agency is 14%; development fee is 13% for 20X4 and 20X5, after which declines to 12% for all later years.
Market Returns: The inventory returns for the market as a complete have been as follows: 15.7% in 20X1, eight.2% in 20X2, and 12.1% in 20X3.
CorpB Steadiness Sheets
Company B
Comparative Steadiness Sheets
As of December 31,
20X3 20X2 20X1
Money 210,000 780,000 1,530,000
Accounts Receivable 410,000 360,000 300,000
Much less: Allowance for Uncertain Accounts (four,100) (14,616) (1,500)
Web Accounts Receivable 405,900 345,384 298,500
Stock 436,000 405,000 330,000
Pay as you go Insurance coverage 15,000 18,000 21,000
Whole Present Property 1,zero66,900 1,548,384 2,179,500
Land 1,650,000 1,630,000 1,400,000
Buildings 2,300,000 1,760,000 1,400,000
Much less: Accrued Depreciation (560,000) (490,000) (440,000)
Web Buildings 1,740,000 1,270,000 960,000
Whole Lengthy-Time period Property three,390,000 2,900,000 2,360,000
Whole Property four,456,900 four,448,384 four,539,500
Accounts Payable 215,000 134,000 185,000
Salaries and Wages Payable 63,000 49,000 40,000
Dividends Payable 93,216 44,178 zero
Notes Payable—Line of Credit score 356,000 205,000 98,000
Whole Present Liabilities 727,216 432,178 323,000
Notes Payable—Lengthy Time period 778,zero32 961,219 939,680
Bonds Payable 1,000,000 1,000,000 1,000,000
Add: Premium on Bonds Payable 89,826 105,753 121,062
Web Bonds Payable 1,089,826 1,105,753 1,121,062
Whole LT Liabilities 1,867,857 2,zero66,973 2,zero60,743
Whole Liabilities 2,595,073 2,499,151 2,383,743
Contributed Capital 1,500,000 1,500,000 1,500,000
Retained Earnings 1,167,827 925,233 691,757
Treasury Inventory (806,000) (476,000) (36,000)
Whole Stockholders’ Fairness (SE) 1,861,827 1,949,233 2,155,757
Whole Liabilities and SE four,456,900 four,448,384 four,539,500
CorpB Revenue Statements
Company B
Comparative Revenue Statements
For the 12 Months Ended December 31
20X3 20X2 20X1
Gross sales Income four,010,000 three,400,000 2,300,000
Value of Items Offered Expense (2,520,000) (1,810,000) (940,000)
Salaries and Wages Expense (660,000) (840,000) (750,000)
Depreciation Expense—Constructing (115,000) (88,000) (70,000)
Dangerous Debt Expense (11,000) (18,000) (eight,000)
Insurance coverage Expense (117,000) (102,000) (95,000)
Whole Bills (three,423,000) (2,858,000) (1,863,000)
Working Revenue 587,000 542,000 437,000
Curiosity Expense—Notes (52,740) (66,946) (51,647)
Curiosity Expense—Bonds (44,072) (44,691) (45,285)
Loss from Stock Write-Off zero (86,000) zero
Acquire (Loss) Sale of Buildings (2,000) 45,000 (1,700)
Acquire (Loss) Sale of Land (three,000) 43,000 7,000
Whole Different (101,812) (109,637) (91,633)
Web Revenue Earlier than Taxes 485,188 432,363 345,367
Revenue Tax Expense (30 % fee) 145,556 129,709 103,610
Web Revenue 339,631 302,654 241,757
Earnings per share four.04 three.40 2.44
CorpB Assertion of Money Flows
Company B
Comparative Statements of Money Stream
For the 12 Months Ended December 31
20X3 20X2
Money obtained from prospects three,938,484 three,335,116
Money paid to suppliers (2,470,000) (2,022,000)
Money paid for salaries and wages (646,000) (831,000)
Money paid for insurance coverage (114,000) (99,000)
Money paid for earnings taxes (145,556) (129,709)
Money paid for curiosity—Bonds (60,000) (60,000)
Money paid for curiosity—Notes Payable (52,740) (66,946)
Web Money from Working Actions 450,188 126,461
Funding in Land (300,000) (1,420,000)
Funding in Constructing (930,000) (640,000)
Sale of Constructing 343,000 287,000
Sale of Land 277,000 1,233,000
Web Money from Investing Actions (610,000) (540,000)
Proceeds (Fee) Notes Payable (32,188) 128,539
(Buy) Sale Treasury Inventory (330,000) (440,000)
Dividends Paid (48,000) (25,000)
Money from Financing Actions (410,188) (336,461)
Web Change in Money (570,000) (750,000)
Starting Money 780,000 1,530,000
Ending Money 210,000 780,000
CorpB Agency & Business Ratios
Benson, Cundiff, & Gilbert
Interview Ratios
Agency and Business Monetary Ratios
20X3 / 20X2
20X3 20X2 Business
Return on Fairness zero.25 zero.21 zero.19
Dividend Payout zero.2 zero.16 zero.1
Return on Property zero.11 zero.1 zero.1
Return on Gross sales zero.12 zero.13 zero.11
Asset Turnover zero.9 zero.76 1.02
Present Ratio 1.47 three.58 2.35
Fast Ratio zero.85 2.64 1.75
Debt/Property zero.58 zero.56 zero.35
Accounts Receivable Days 35.04 35.43 35.68
Stock Days 60.91 74.11 41.5
Accounts Payable Days 25.59 33.55 28.four
Abstract: Money Conversion Days 70.36 75.98 48.78
CorpB Projected Steadiness Sheet
Company B
Projected Comparative Steadiness Sheets
As of December 31
20X3 20X4 20X5 20X6 20X7
Money $ – zero $ – zero $ – zero $ – zero $ – zero
Accounts Receivable zero 40,000 60,000 70,000 zero
Stock 200,000 230,000 250,000 260,000 zero
Present Property 200,000 270,000 310,000 330,000 zero
Tools 400,000 400,000 400,000 400,000 400,000
Much less: Accrued Depr. zero -132,000 -312,000 -372,000 -400,000
Web Tools 400,000 268,000 88,000 28,000 zero
Different zero zero zero zero zero
Whole Lengthy-Time period Property 400,000 268,000 88,000 28,000 zero
Whole Property $ 600,000 $ 538,000 $ 398,000 $ 358,000 $ – zero
Accounts Payable 140,000 161,000 175,000 182,000 zero
Whole Liabilities 140,000 161,000 175,000 182,000 zero
Fairness 460,000 377,000 223,000 176,000 zero
Whole Liabilities & Fairness $ 600,000 $ 538,000 $ 398,000 $ 358,000 $ – zero
CorpBProjected Revenue Assertion
Company B
Projected Comparative Revenue Statements
For the Years Ending December 31
20X4 20X5 20X6 20X7
Gross sales Income $ 440,000 $ 510,000 $ 560,000 $ 630,000
Value of Items Offered 140,000 160,000 210,000 250,000
Salaries Expense 60,000 75,000 90,000 120,000
Depreciation Expense 132,000 180,000 60,000 28,000
Different Expense 10,000 10,000 10,000 10,000
Whole Working Bills 342,000 425,000 370,000 408,000
Acquire (Loss) Sale Asset zero zero zero 40,000
Web Revenue Earlier than Taxes 98,000 85,000 190,000 262,000
Revenue Tax Expense 29,400 25,500 57,000 78,600
Web Revenue $ 68,600 $ 59,500 $ 133,000 $ 183,400

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