SCOREBOARDS, ELECTRONIC DISPLAYS, ETC. Daktronics included this statement in its 2005 annual report: Daktronics, Inc. and Subsidiaries

SCOREBOARDS, ELECTRONIC DISPLAYS, ETC.

Daktronics∗ included this statement in its 2005 annual report:

Daktronics, Inc. and Subsidiaries
Consolidated Balance Sheets
(In thousands, except share data)

a. Compute the following for 2005 and 2004:
1. Net profit margin
2. Total asset turnover (use year-end assets)
3. Return on assets (use year-end assets)
4. Operating income margin
5. Return on operating assets (use year-end assets)
6. Sales to fixed assets (use year-end fixed assets)
7. Return on investment (use year-end balance sheet accounts)
8. Return on total equity (use year-end equity)
9. Return on common equity (use year-end common equity)
10. Gross profit margin
b. Comment on the trends in(a).

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Years Ended Mav 1, 2004 April 30. 2005 S 230,346 S 209,907 S S 157.137 Mav 3. 2003 177,764 118.633 59.131 Net sales Cost of goods sold Gross profift Operating expenses: Selling General and administrative Product design and development 137.436 73.209 S 72.471 S 32,840 S 27,305 S 9,510 S 8.126 S 44,941 S 19,436 S 27.530 S 1,014 S (478) S 586 S 24,966 7,422 6.918 39.306 19,825 694 (897) 974 10,434S 10.499 53.773 Operating income Nonoperating income (expense): Interest income Interest expense Other income (expense), net Income before income taxes and minority interest S Income tax expense Income before minority interest Mnority interest in income of subsidiary Net income Earnings per share: Basic Diluted 1,453 S (211) S 768 S 21.446 S 28,652 S 5.786 S 10,907 S 15,660 S 17,745 S (18) S 15,660 S 17,727 S 20,596 8,107 12,489 12.458 Assets Current Assets: April 30 2005 2004 Cash and cash equivalents Marketable securities Accounts receivable, less allowance for doubtful accounts S Current maturities of long-term receivables Inventories Costs and estimated earnings in excess of billings Prepaid expenses and other Deferred income taxes Income taxes receivable Rental equipment available for sale S 15,961 S 8,105 S S 5,196 S S 24,612 S S 15,301 S 1,725 S 5,076 S 1.812 S 2.733 S S 104.283 S S 31.053 S 1,722 S 9,900 S 2,621 S 1,101 S 782 S 12,255 4,001 28,686 3,771 16,604 12,862 905 4,375 813 2.706 86,978 25,096 1,415 10,267 1.411 920 23,762 Total current assets Property and equipment, net Advertising rights, net Long-term receivables, less current maturities Goodwil Intangible and other assets Deferred income taxes Liabilities and Shareholders Equity Curent Liabilities: Notes payable, bank Accounts payable Accrued expenses and warranty obligations Current maturities of long-term debt Current maturities of long-term marketing obligations Billings in excess of costs and estimated earnings Customer deposits Deferred maintenance revenue 79 S S 17,121 S S 10,973 S 909 S 304 S 5,463 S 4,164 S 12.586 9,911 1.181 S 6.761 2.829 1.700 35.297 1.148 350 1.134 2.043 2.983 Total current abities 41.996 S Long-term debt, less current maturities Long-term marketing obligations, less current maturities S Deferred income Deferred income taxes 595 S S 1,357 S 3,433 S Liabilities and Shareholders Equity Current Liabilities: Notes payable, bank Accounts payable Accrued expenses and warranty obligations Current maturities of long-term debt Current maturities of long-term marketing obligations Billings in excess of costs and estimated earnings Customer deposits Deferred maintenance revenue S 17,121 S S 10,973 S 909 S 304 S S5,463S 4,164 S 214 12,586 9,911 1,181 115 6,761 2,829 S 2.983 S 41.996 Total current liabilities Long-term debt, less current maturities Long-term marketing obligations, less current maturities S Deferred income Deferred income taxes 35.297 1,148 350 1,134 2.043 595 S S 1,357 S 3.433 Shareholders Equity: Common stock, no par value, authorized 60,000,000 shares 19,165,369 and 18.886,492 shares issued at April 30, 2005 and May 1, 2004, respectively Additional paid-in capital Retained earnings Treasury stock, at cost, 19,680 shares Accumulated other comprehensive income (loss) S 17,739 S 2,684 S S 83,337 S (9) S 16,406 2.274 67,677 84 86,264 126.236 S 103.910