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2009 $34137 660 34797 CostPlus Company Income Statements 2008 Net Sales $31621 Membership Fees 543 Total Revenue 32164 Operating expenses Merchandise Costs 28322 SG&A 2615 Depreciation 190 Interest Expense Total Operating Expenses 31166 Interest Income Taxable income 1052 Taxes 421 Net Income $631 30598 2966 241 39 32 54 33837 43 1003 401 $602 2009 CostPlus Company Balance Sheets 2008 $524 48 175 2490 $602 325 2739 Cash Short-term Investments Accounts Receivable Inventory Other Current Assets Total Current Assets Net Fixed Assets Other Assets Total Assets 233 212 3470 4834 3883 5827 380 $10090 330 $8634 2197 422 160 615 10 Accounts Payable Accrued Salaries Accrued Taxes Other Current Liabilities Notes Payable Total Current Liabilities Long-term Debt Deferred Income Taxes and Other Liab. Minority Interest Stockholder's Equity Total Liabilities and Equity 3404 791 2728 483 153 554 194 4112 859 120 116 4883 $10090 109 4240 $8634 1. Compile a statement of cash flows for CostPlus using the indirect method. 2 Calculate values to complete the table for the ratios for CostPlus in 2009 CostPlus 2009 Industry 3.26% Net Profit Margin Gross Profit Margin 21.5% Operating Profit Margin 5.94% Total Asset Turnover 2.45 times Fixed Asset Turnover 3.71 times Days Sales in Inventory 50 days Days Sales Outstanding 3 days Accounts Payable Days 37 days Debt to Equity TAS 1.45 Current Ratio 2.7 Sales Growth 15.95% Times Interest Earned 8.78 times 19.57% Return on Equity 3. How long is Cost Plus cash cycle in each year? What is the meaning of the cash cycle? (30 points)