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 on-line(prenominal) assets$161,259$127,240 pay fixed assets218,400200,000 keep down assets$379,659$327,240 Liabilities and uprightness Accounts collectable$33,600$32,000 Accruals12,60012,000 Notes payable19,9296,480 join 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 year-end Stock Price$90.00$96.00 # of shares (Thousands)4,0524,000 Lease payment (Thousands of Dollars)$20,000$20,000 Sinking variant payment (Thousands of Dollars)$0$0 Ratio Analysis20102009 assiduity Avg liquid state Ratios Current Ratio2.58 Quick Ratio1.53 Asset Management Ratios Inventory Turnover7.69 geezerhood Sales big(p)47.45 Fixed Assets Turnover2.04 Total Assets Turnover1.23 Debt Management...If you want ! to absorb a full essay, order it on our website: OrderEssay.net

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