Ben Yoder

BUAD 447
Toy World, Inc.
Condensed Income Statements

2/19/15

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Net Sales
Cost of Goods Sold
Gross Profit
Operating Expenses
Interest Expense
Interest Income
Profit Before Taxes
Federal Income Taxes
Net Profit

1991
$5,213
$3,597
$1,616
$1,199
$68
$20
$369
$125
$244

1992
$6,167
$4,440
$1,727
$1,542
$75
$15
$125
$43
$83

12:38 PM

1993
$7,967
$5,577
$2,390
$1,912
$85
$16
$409
$139
$270

Ben Yoder
BUAD 447
Toy World, Inc.
Balance Sheet Dec. 31, 1993

2/19/15

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12:38 PM

Cash
Accounts Receivable
Inventory
Current Assets
Plant and Equipment, Net
Total Assets

$200
$2,905
$586
$3,691
$1,176
$4,867

Accounts Payable
Notes Payable, Bank
Accrued Taxes
Long-Term Debt, Current Portion
Current Liabilities
Long-Term Debt
Shareholder's Equity
Total Liabilities and Shareholder's Equity

$282
$752
$88
$50
$1,172
$400
$3,295
$4,867

Ben Yoder
BUAD 447
Toy World, Inc.
Monthly Sales

2/19/15

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Sales
1993
January
February
March
April
May
June
July
August
September
October
November
December

12:38 PM

$64
$88
$96
$88
$87
$95
$96
$1,251
$1,474
$1,723
$1,965
$940

Projected
1994
$120
$140
$160
$140
$140
$140
$160
$1,620
$1,840
$2,140
$2,285
$1,115

Ben Yoder
BUAD 447
Toy World, Inc.
Seasonal Pro Forma Income

2/19/15

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Net Sales
Cost of Goods Sold
Gross Profit
Operating Expenses
6 Interest Expense
7 Interest Income
8
Profit (Loss) Before Taxes
9 Income Taxes
10 Net Profit
3
4
5

Jan.
$120
$84
$36
$200
$7
$2
($169)
($57)
($112)

Feb.
$140
$98
$42
$200
$4
$4
($158)
($54)
($104)

Mar.
$160
$112
$48
$200
$4
$5
($151)
($51)
($100)

Apr.
$140
$98
$42
$200
$4
$4
($158)
($54)
($104)

May
$140
$98
$42
$200
$4
$3
($159)
($54)
($105)

June
$140
$98
$42
$200
$4
$3
($159)
($54)
($105)

12:38 PM

July
$160
$112
$48
$200
$3
$2
($153)
($52)
($101)

Aug.
$1,620
$1,134
$486
$200
$5
$1
$282
$96
$186

Sept.
$1,840
$1,288
$552
$200
$12
$1
$341
$116
$225

Oct.
$2,140
$1,498
$642
$200
$17
$1
$426
$145
$281

Nov.
$2,285
$1,600
$686
$200
$17
$1
$470
$160
$310

Dec.
$1,115
$781
$335
$200
$14
$1
$122
$41
$80

Total
$10,000
$7,000
$3,000
$2,400
$95
$28
$533
$181
$352

Ben Yoder
BUAD 447
Toy World, Inc.
Seasonal Pro Forma Balance

2/19/15

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1994 (thousands of dollars)

Cash
Accounts Receivable
Inventory
Current Assets
Net Plant and Equipment
Total Assets

Accounts Payable
Notes Payable, Bank
Accrued Taxes
Long-Term Debt, Current Portion
Current Liabilities
14 Long-Term Debt
15 Shareholders' Equity
16
Total Liabilities and Equity

12:38 PM

Actual
Dec. 31,
1993
$200
$2,905
$586
$3,691
$1,176
$4,867

Jan.
$878
$1,060
$586
$2,524
$1,176
$3,700

Feb.
$1,526
$260
$586
$2,372
$1,176
$3,548

Mar.
$1,253
$300
$586
$2,139
$1,176
$3,315

Apr.
$1,054
$300
$586
$1,940
$1,176
$3,116

May
$915
$280
$586
$1,781
$1,176
$2,957

June
$696
$280
$586
$1,562
$1,176
$2,738

July
$527
$300
$586
$1,413
$1,176
$2,589

Aug.
$200
$1,780
$586
$2,566
$1,176
$3,742

Sept.
$200
$3,460
$586
$4,246
$1,176
$5,422

Oct.
$200
$3,980
$586
$4,766
$1,176
$5,942

Nov.
$200
$4,425
$586
$5,211
$1,176
$6,387

Dec.
$200
$3,400
$586
$4,186
$1,176
$5,362

$282
$752
$88
$50
$1,172
$400
$3,295
$4,867

$36
$0
$31
$50
$117
$400
$3,183
$3,700

$42
$0
($23)
$50
$69
$400
$3,079
$3,548

$48
$0
($163)
$50
($65)
$400
$2,980
$3,315

$42
$0
($251)
$50
($159)
$400
$2,875
$3,116

$42
$0
($305)
$50
($213)
$400
$2,770
$2,957

$42
$0
($394)
$50
($302)
$375
$2,665
$2,738

$48
$0
($446)
$50
($348)
$375
$2,562
$2,589

$486
$433
($351)
$50
$619
$375
$2,749
$3,742

$552
$1,741
($270)
$50
$2,073
$375
$2,974
$5,422

$642
$1,745
($125)
$50
$2,312
$375
$3,255
$5,942

$686
$1,677
$35
$50
$2,447
$375
$3,565
$6,387

$335
$942
$41
$50
$1,368
$350
$3,644
$5,362