Beruflich Dokumente
Kultur Dokumente
IS Line Items
Marketable Security Interest Rate 1.5% <<Modify IS to reflect interest earned on Marketable Securities
COGS % of Sales 20% 21% 21%
Selling Expense % of Sales 25% 26% 27%
General & Admin Variable Expense % of Sales 5%
General & Admin Fixed Expense $ 675,000 $ 725,000 $ 775,000
Depreciation Expenses:
Existing Equipment $ 95,221 $ 95,221 $ 95,221
New Equipment $ - $ 10,000 $ 10,000
Existing Bank Loan Interest Rate 4%
Tax Rate 0% 0% 0%
Dividends Paid $ 175,000 $ 175,000 $ 175,000
BS Line Items
Working Cash % of Sales 3% 3% 3% <<Modify BS Cash to reflect working capital and Excess Cash as plug
AR% of Sales 2% 2% 2%
Inventory % of Sales 8% 8% 8%
Net Additions to PPE $ 100,000
AP% of Sales 4% 4% 4%
Accrued Liabilities % of Sales 0% 0% 0%
Changes to Existing Bank Loan <<Remove as input and use bank loan as debt plug
Changes to Long Term Liabilities $ - $ - $ -
Changes to Members Equity $ - $ - $ -
Balance Sheet
2013 2014 2015 2016 2017
Assets
Current Assets
Excess Cash/MarketSec 0 - - 57,594 << Cash plug as first plug
Working Cash 25,567 43,008 58,080.69 63,307.96 69,005.67 <<Working Capital cash
Receivables 32,375 35,525 38,720 42,205 46,004
Inventories 131,250 143,937 154,882 168,821 184,015
Total Current Assets 189,192 222,470 251,683 274,334 356,619
Fixed Assets
PP&E 395,785 470,185 470,185 570,185 570,185
Less Depreciation 120,221 207,442 302,663 407,884 513,105
Total Fixed Assets 275,564 262,743 167,522 162,301 57,080
Shareholder's Equity
Member's Equity 150,000 150,000 150,000 150,000 150,000
Retained Earnings 68,335 122,348 140,930 146,506 171,691
Total Shareholder's Equ 218,335 272,348 290,930 296,506 321,691
Check 1: TA-TLE=0? - - -
Check 2: Change BS MS = CF Stmt net inc Cash? 0 - (0)
Leverage Ratios
Total Debt to Assets 0.48 0.38 0.31 0.27
Cash Interest Coverage 42.97 69.63 135.11 275.06
Times Interest Coverage (TIE) 31.39 47.00 85.73 180.64
Financial Leverage Ratio 1.782 1.441 1.473 1.286
Profitability Ratios
Gross Profit Margin 79.9% 80.0% 79.0% 79.0%
Operating Profit Margin 13.3% 10.2% 8.7% 8.8%
Net Profit Margin 12.9% 10.0% 8.6% 8.7%
NOPAT Margin 13.3% 10.2% 8.7% 8.8%
IS Line Items
Marketable Security Interest Rate 1.5% <<Modify IS to reflect interest earned on Marketable Securities
COGS % of Sales 20% 21% 21%
Selling Expense % of Sales 25% 26% 27%
General & Admin Variable Expense % of Sales 5%
General & Admin Fixed Expense $ 600,000 $ 650,000 $ 700,000 <<numbers change due to less rent & personnel needed for 3 locations
Depreciation Expenses:
Existing Equipment $ 95,221 $ 95,221 $ 95,221
New Equipment $ - $ 10,000 $ 10,000
Building 30 years $ 36,667 $ 36,667 $ 36,667 <<30 year straight line depreciation of proposed new building
Existing Bank Loan Interest Rate 4%
Tax Rate 0% 0% 0%
Dividends Paid $ 175,000 $ 175,000 $ 175,000
BS Line Items
Working Cash % of Sales 3% 3% 3% <<Modify BS Cash to reflect working capital and Excess Cash as plug
AR% of Sales 2% 2% 2%
Inventory % of Sales 8% 8% 8%
Net Additions to PPE $ 1,100,000 $ 100,000
AP% of Sales 4% 4% 4%
Accrued Liabilities % of Sales 0% 0% 0%
Changes to Existing Bank Loan <<Remove as input and use bank loan as debt plug
Changes to Long Term Liabilities $ 959,292 $ (32,283) $ (33,938) <<Building loan payments seen in row 37 & 38
Changes to Members Equity $ - $ - $ -
Balance Sheet
2013 2014 2015 2016 2017
Assets
Current Assets
Excess Cash/MarketSec 0 - - - << Cash plug as first plug
Working Cash 25,567 43,008 58,080.69 63,307.96 69,005.67 <<Working Capital cash
Receivables 32,375 35,525 38,720 42,205 46,004
Inventories 131,250 143,937 154,882 168,821 184,015
Total Current Assets 189,192 222,470 251,683 274,334 299,025
Fixed Assets
PP&E 395,785 470,185 1,570,185 1,670,185 1,670,185
Less Depreciation 120,221 207,442 302,663 407,884 513,105
Total Fixed Assets 275,564 262,743 1,267,522 1,262,301 1,157,080
Shareholder's Equity
Member's Equity 150,000 150,000 150,000 150,000 150,000
Retained Earnings 68,335 122,348 164,862 193,423 243,605
Total Shareholder's Equ 218,335 272,348 314,862 343,423 393,605
Check 1: TA-TLE=0? - - -
Check 2: Change BS MS = CF Stmt net inc Cash? 0 - -
Leverage Ratios
Total Debt to Assets 0.48 0.71 0.78 0.75
Cash Interest Coverage 42.97 6.66 6.70 7.52
Times Interest Coverage (TIE) 31.39 4.94 4.76 5.44
Financial Leverage Ratio 1.782 4.825 4.474 3.699
Profitability Ratios
Gross Profit Margin 79.9% 80.0% 79.0% 79.0%
Operating Profit Margin 13.3% 14.1% 12.2% 12.0%
Net Profit Margin 12.9% 11.2% 9.6% 9.8%
NOPAT Margin 13.3% 14.1% 12.2% 12.0%
Retaine Earnings
2015 2016 2017 $200,000
$50,000
KPI: $0
2014 20
Year of Interest: 2015
Reta i ned Earni ng
ROE - Rent
Rent Space Buy Building
ST Bank Loan Balance $ 50,834 $ 167,609
Retained Earnings $ 140,930 $ 164,862
Revenues $ 1,936,023 $ 1,936,023
Net Income $ 193,582 $ 217,514
Cash Provided by Operations $ 283,745 $ 307,677
ROE
40.0%
$100,000 30.0%
$50,000 20.0%
10.0%
$0 0.0%
2014 2015 2016 2017
Reta i ned Earni ngs - Rent Reta i ned Ea ri ngs - Buy
ROE - Rent ROE - Buy