Analysis of Financial Statements, страница 2

Long-term Assets

Property, Plant and Equipment

980

880

Total Assets

1390

1234

Liabilities and Equity

1994

                     1993

Current Liabilities

Accounts Payable

125.6

100

Notes Payable

130

90

Accrued Liabilities

115

80

Total Current Liabilities

370.6

270

Long Term Debt

Bonds Payable

200

180

Stockholders’ Equity

Common Stock (48000 shares outstanding par value $10per share)

480

480

Retained Earnings

339.4

304

Total Equity

819.4

784

Total Liabilities and Equity

1390

1234

Income Statement

1994

1993

Net Sales

684

578

Cost of Goods Sold

325

289

Gross Profit

359

289

Expenses:

Selling and Administrative Expenses

75

69

Depreciation

55

46

Interest

10

8

Total Expenses

140

123

Income before Taxes

219

166

Income Taxes

87.6

66.4

Net Income

131.4

99.6

Earnings per Share

$2.74

$2.08

Number of Shares Outstanding in 1994

48000

Market Price of Share

$33

Cash Dividend per Share

$2