YoY growth rate of 14 percent Plant currently operating at capacity Growth will require a new...

 

 

 

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YoY growth rate of 14 percent Plant currently operating at capacity Growth will require a new machine costing $3 million Assume additional $300,000 of annual depreciation for this new machine (10%/year) Sales Cost of Goods Sold Other Expenses Depreciation Taxable Income Taxes (21%) FY23 23,717,689 18,736,974 2,608,946 948,708 1,423,061 298,843 Net Income 1,124,218 Dividends 500,000 Add. to Retained Earnings 624,218 FY24 27,038,165 21,360,150 2,974, 198 1,248,708 1,455,109 305,573 1,149,536 500,000 649,536 Current Assets Cash Accounts Receivable FY23 $635,884 $685,884 Inventory $914,513 Total Current Assets $2,236,281 Fixed Assets Net Plant & Equipment $8,572,563 FY24 Current Liabilities Accounts Payable FY23 $935,884 Notes Payable $1,371,769 Total Current Liabilities $2,307,653 Long-Term Debt $3,000,000 EFN Shareholder Equity Common Stock Retained Earnings Total Equity $600,000 $4,901,191 $5,501,191 Total Assets $10,808,844 Total Liabilities & Equity $10,808,844 FY24 YoY growth rate of 14 percent Plant currently operating at capacity Growth will require a new machine costing $3 million Assume additional $300,000 of annual depreciation for this new machine (10%/year) Sales Cost of Goods Sold Other Expenses Depreciation Taxable Income Taxes (21%) FY23 23,717,689 18,736,974 2,608,946 948,708 1,423,061 298,843 Net Income 1,124,218 Dividends 500,000 Add. to Retained Earnings 624,218 FY24 27,038,165 21,360,150 2,974, 198 1,248,708 1,455,109 305,573 1,149,536 500,000 649,536 Current Assets Cash Accounts Receivable FY23 $635,884 $685,884 Inventory $914,513 Total Current Assets $2,236,281 Fixed Assets Net Plant & Equipment $8,572,563 FY24 Current Liabilities Accounts Payable FY23 $935,884 Notes Payable $1,371,769 Total Current Liabilities $2,307,653 Long-Term Debt $3,000,000 EFN Shareholder Equity Common Stock Retained Earnings Total Equity $600,000 $4,901,191 $5,501,191 Total Assets $10,808,844 Total Liabilities & Equity $10,808,844 FY24