Finance P3.15

4/16/2010 Chapter 3. Solution to 3-15 Joshua & White Technologies: declination 31 Balance Sheets (Thousands of Dollars) assets20102009 Cash and cash equivalents$21,000$20,000 Short-term investments3,7593,240 Accounts Receivable52,50048,000 Inventories84,00056,000 union incumbent assets$161,259$127,240 can fixed assets218,400200,000 organic assets$379,659$327,240 Liabilities and uprightness Accounts collectable$33,600$32,000 Accruals12,60012,000 Notes payable19,9296,480 center current liabilities$66,129$50,480 Long-term debt67,66258,320 Total liabilities$133,791$108,800 frequent stock183,793178,440 Retained Earnings62,07540,000 Total common equity$245,868$218,440 Total liabilities and equity$379,659$327,240 Joshua & White Technologies December 31 Income Statements (Thousands of Dollars) 20102009 gross revenue$420,000 $400,000 Expenses excluding depr. and amort.

327,600 320,000 EBITDA$92,400 $80,000 Depreciation and Amortization19,660 18,000 EBIT$72,740 $62,000 Interest Expense5,740 4,460 EBT$67,000 $57,540 Taxes (40%)26,800 23,016 Net Income$40,200 $34,524 harsh dividends$18,125 $17,262 Addition to retained earnings$22,075 $17,262 Other Data20102009 closing Stock Price$90.00$96.00 # of shares (Thousands)4,0524,000 Lease payment (Thousands of Dollars)$20,000$20,000 Sinking inventory payment (Thousands of Dollars)$0$0 Ratio Analysis20102009 assiduity Avg liquidness Ratios Current Ratio2.58 Quick Ratio1.53 Asset Management Ratios Inventory Turnover7.69 long time Sales big(p)47.45 Fixed Assets Turnover2.04 Total Assets Turno! ver1.23 Debt Management...If you want to absorb a full essay, order it on our website: BestEssayCheap.com

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