Did the company maintain the current ratio of 1.5 & Coverage ratio of 1.5? We have already
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2006 2007 2008 2009 2010 Industry Average Cash A/R 3,66 4,29 3,17 1,65 1,21 16,45 22.44 23,54 19,76 19,91 18,28 8,341 RM inventory 6,16 5,98 5,48 4,90 5.13 5,38 WIP Inventory 7,98 7,81 5,97 4,68 3,94 1,54 Finished goods inventory 7,32 9,08 8,01 8,83 10,69 15,34 Total current assets 4756 50,71 42,40 39,98 39,25 47,05 L. P&E, net 50.22 47,49 56,20 58,94 59,65 45,65 Other assets 2,24 1,80 1,40 1,08 1,11 7,30 Total assets 100,00 100,00 100,00 100,00 100,00 100,00 0 A/P 16,0 21,75 19.91. 19,8 20,39 9,45 Current portion of long-term 3,64 3,52 4,65 5,28 5,61 5.39 52 debt 53 Total current liabilities 19,70 25,27 24,56 25,13 26,00 14,84 54 Long-term debt 36.45 3621 46,53 52,77 56,12 23,45 55 Shareholders' equity 43.85 39,52 28,91 22,10 17,88 61,71 Total liabilities and equities 100,00 100,00 100,00 100,00 100,00 100,00 56 Source: Created by author 57 58 EXHIBIT TN-3: HORIZONTAL ANALYSIS-INCOME STATEMENT (%) 59 2006 2007 2008 2009 2010 60 Sales 1,00 1,74 2,62 3,90 4,76 61 Cost of goods sold 1.00 1.78 2,71 4,08 5,08 62 Gross profit 1,00 1.64 2.42 3,49 4,04 63 Operating costs 64 Selling and distribution 1,00 1,48 2,28 3.27 3.64 65 Research and development 1,00 3,12 5,27 10,87 13.08 66 Administration 211 1,00 1.91 3,54 6,18 67 7.41 Depreciation 68 Operating profn 1.00 1,61 1,64 1,56 1,62 69 Interest 1.00 1,75 4,25 7.38 70 Earnings before taxes 10,27 1,00 1,59 71 Taxes 1,23 0,65 0,27 1.00 1,59 1,23 0,65 72 Net Income 0,27 1,00 73 Source: Created by author 1.59 1,23 0,65 0,27 2006 2007 2008 2009 2010 Industry Average Cash A/R 3,66 4,29 3,17 1,65 1,21 16,45 22.44 23,54 19,76 19,91 18,28 8,341 RM inventory 6,16 5,98 5,48 4,90 5.13 5,38 WIP Inventory 7,98 7,81 5,97 4,68 3,94 1,54 Finished goods inventory 7,32 9,08 8,01 8,83 10,69 15,34 Total current assets 4756 50,71 42,40 39,98 39,25 47,05 L. P&E, net 50.22 47,49 56,20 58,94 59,65 45,65 Other assets 2,24 1,80 1,40 1,08 1,11 7,30 Total assets 100,00 100,00 100,00 100,00 100,00 100,00 0 A/P 16,0 21,75 19.91. 19,8 20,39 9,45 Current portion of long-term 3,64 3,52 4,65 5,28 5,61 5.39 52 debt 53 Total current liabilities 19,70 25,27 24,56 25,13 26,00 14,84 54 Long-term debt 36.45 3621 46,53 52,77 56,12 23,45 55 Shareholders' equity 43.85 39,52 28,91 22,10 17,88 61,71 Total liabilities and equities 100,00 100,00 100,00 100,00 100,00 100,00 56 Source: Created by author 57 58 EXHIBIT TN-3: HORIZONTAL ANALYSIS-INCOME STATEMENT (%) 59 2006 2007 2008 2009 2010 60 Sales 1,00 1,74 2,62 3,90 4,76 61 Cost of goods sold 1.00 1.78 2,71 4,08 5,08 62 Gross profit 1,00 1.64 2.42 3,49 4,04 63 Operating costs 64 Selling and distribution 1,00 1,48 2,28 3.27 3.64 65 Research and development 1,00 3,12 5,27 10,87 13.08 66 Administration 211 1,00 1.91 3,54 6,18 67 7.41 Depreciation 68 Operating profn 1.00 1,61 1,64 1,56 1,62 69 Interest 1.00 1,75 4,25 7.38 70 Earnings before taxes 10,27 1,00 1,59 71 Taxes 1,23 0,65 0,27 1.00 1,59 1,23 0,65 72 Net Income 0,27 1,00 73 Source: Created by author 1.59 1,23 0,65 0,27
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Related Book For
International Marketing And Export Management
ISBN: 9781292016924
8th Edition
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
Posted Date:
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