29 Jun Question Q13. Data for Barry Computer Company and
Question
Q13. Data for Barry Computer Company and its industry averages is as follows:
Balance Sheet
Assets
($ 000)
Liabilities & Equity
($ 000)
Cash
77,500
Accounts payable
129,000
Accounts receivable
336,000
Notes payable
84,000
Inventory
241,500
Other current liabilities
117,000
Total current assets
655,000
Total current liabilities
330,000
Fixed assets
292,500
Tong term debt
256,500
Common equity
361,000
Total Assets
947,500
Total Liabilities & Equity
947,500
Income Statement
($ 000)
($ 000)
Sales
1,607.5
Cost of goods sold
Materials
717
Labour
453
Heat, light, and power
68
Indirect labour
113
depreciation
41.5
1,392.5
Gross profit
215
Selling expense
115
Genral and admin expenses
30
EBIT
70
Interest
24.5
EBT
45.5
Tax (40% of EBT)
18.2
Net profit
27.3
RATIO
BARRY
INDUSTRY AVERAGE
Current ratio
2.0x
Days Sale Outstanding / average collection period
35 days
Sales /inventory
6.7x
Sales / total assets
3.0x
Net Income / Sales
1.2%
Net Income / total assets
3.6%
Net Income / common equity
9.0%
Total Debt / Total Assets
60.0%
*Calculation is based on a 360 day year.
Calculate the industry ratios for barry?
Q14. Here is data for allied food products for the year 2006.
Allied Food Products
Balance Sheet
For the year ended on 31 December 2006.
Assets
(Rs. In Millions)
Liability & Equity
(Rs. In Millions)
Cash and Marketable Securities
10
Total Current Liability
310
Accounts Receivable
375
Long Term Bonds
754
inventories
615
Total Debt
1,064
Total Current Assets
1,000
Common Stock
170
Plant and Equipment
1,000
Retained Earnings
766
Total Common Equity
896
2,000
2,000
· Sales for the year 2006 were Rs. 3 Billion and they are expected to grow by 10% by 2007.
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