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Financial Managment

In: Business and Management

Submitted By farawla111892
Words 352
Pages 2
Statement of Cash Flows 2011-12 Sales $15,444,000 100.0% COGS 10,884,000 70.5%
CF Operating Activities 429,760 Other expenses 1,845,600 12.0% Net Income (2012) 618,120 2 Depreciation 504,000 3.3% Depreciation (2012 IS) 665,000 2 EBIT 2,210,400 14.3% Change in A/R (728,800) Interest 277,800 1.8% Change in inventory (321,260) 2 Taxable income 1,932,600 12.5% Change in payables 196,700 2 Taxes (40%) 773,040 5.0% Net income 1,159,560 7.5%
CF Investing Activities (2,178,400) Change in net capital spending (2,178,400) Dividends 347,868 Add to RE 811,692
CF Financing Activities 1,532,840 Dividends paid (2012) (375,000) 2 Current Assets % Change in notes payable 2,911,840 2 Cash 280,800 2.8% Change in long term debt (1,004,000) 2 Accounts rec. 505,200 5.0% Change in common stock - 2 Inventory 566,400 5.6% Total CA 1,352,400 13.5% Actual Calculated Fixed assets
Beginning Cash $280,800 $280,800 Net PP&E 8,673,600 86.5%
+/- CF 2011 (215,800) (215,800) Total Assets 10,026,000 100.0%
= Ending Cash 65,000 $65,000 Current Liabilities Accounts Payable 596,400 5.9% Notes Payable 1,207,200 12.0% Total CL 1,803,600 18.0% Long-term debt 3,114,000 31.1% - Shareholder Equity Common stock 120,000 1.2% Retained earnings 4,988,400 49.8% Total Equity 5,108,400 51.0% Total L&E 10,026,000 100.0%

Questions Note: be sure to include time series and industry comparisons in your response
1) Discuss the liquidity situation of S&S
The liquidity situation of S&S compare with the industry is very low. The industry average percent is 0,21 and S&S has on 0,1 percent. They are not…...

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