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1 . Using the starting data from 2 0 1 0 and 2 0 1 1 , and updated data from 2 0 1 5
Using the starting data from and and updated data from and create assumed current income statement and balance sheet for Wicked Good Cupcakes using industry averages. Explain and justify your position to the following question utilizing the uptodate financial data you found in your research: Has Kevin O'Leary been successful in increasing shareholder value in this company? Why or why not? Starting Financials Update DecDec ASSETS Cash & ShortTerm Investments $ $ Net Receivables $ $ Inventories $ $ Prepaid Expenses $ $ Other Current Assets $ $ Total Current Assets $ $ Gross Plant, Property & Equipment $ $ Accumulated Depreciation $ $ Net Plant, Property & Equipment $ $ Intangibles $ $ Other Assets $ $ TOTAL ASSETS $ $ LIABILITIES Long Term Debt Due In One Year $ $ Accounts Payable $ $ Taxes Payable $ $ Accrued Expenses $ $ Other Current Liabilities $ $ Total Current Liabilities $ $ Long Term Debt $ $ Deferred Taxes $ $ Other Liabilities $ $ TOTAL LIABILITIES $ $ EQUITY Common Stock $ $ Capital Surplus $ $ Retained Earnings $ $ Less: Treasury Stock $ $ TOTAL EQUITY $ $ TOTAL LIABILITIES & EQUITY $ $ Common Shares Outstanding $ $ Annual Income Statement $ Thousands, except per share Sales $ $ Cost of Goods Sold $ $ Gross Profit $ $ Selling, General, & Administrative Exp. $ $ Operating Income Before Deprec. $ $ Depreciation,Depletion,&Amortization $ $ Operating Profit $ $ Interest Expense $ $ NonOperating IncomeExpense $ $ Special Items $ $ Pretax Income $ $ Total Income Taxes $ $ Income Before Extraordinary Items & Discontinued Operations $ $ Savings Due to Common Stock Equiv. $ $ Adjusted Net Income $ $ EPS Basic from Operations $ $ EPS Diluted from Operations $ $ Dividends Per Share $ $ Com Shares for Basic EPS $ $ Com Shares for Diluted EPS $ $
Using the starting data from and and updated data from and create assumed current income statement and balance sheet for Wicked Good Cupcakes using industry averages.
Explain and justify your position to the following question utilizing the uptodate financial data you found in your research: Has Kevin O'Leary been successful in increasing shareholder value in this company?
Why or why not?
Starting Financials
Update
DecDec
ASSETS
Cash & ShortTerm Investments $ $
Net Receivables $ $
Inventories $ $
Prepaid Expenses $ $
Other Current Assets $ $
Total Current Assets $ $
Gross Plant, Property & Equipment $ $
Accumulated Depreciation $ $
Net Plant, Property & Equipment $ $
Intangibles $ $
Other Assets $ $
TOTAL ASSETS $ $
LIABILITIES
Long Term Debt Due In One Year $ $
Accounts Payable $ $
Taxes Payable $ $
Accrued Expenses $ $
Other Current Liabilities $ $
Total Current Liabilities $ $
Long Term Debt $ $
Deferred Taxes $ $
Other Liabilities $ $
TOTAL LIABILITIES $ $
EQUITY
Common Stock $ $
Capital Surplus $ $
Retained Earnings $ $
Less: Treasury Stock $ $
TOTAL EQUITY $ $
TOTAL LIABILITIES & EQUITY $ $
Common Shares Outstanding $ $
Annual Income Statement
$ Thousands, except per share
Sales $ $
Cost of Goods Sold $ $
Gross Profit $ $
Selling, General, & Administrative Exp. $ $
Operating Income Before Deprec. $ $
Depreciation,Depletion,&Amortization $ $
Operating Profit $ $
Interest Expense $ $
NonOperating IncomeExpense $ $
Special Items $ $
Pretax Income $ $
Total Income Taxes $ $
Income Before Extraordinary
Items & Discontinued Operations $ $
Savings Due to Common Stock Equiv. $ $
Adjusted Net Income $ $
EPS Basic from Operations $ $
EPS Diluted from Operations $ $
Dividends Per Share $ $
Com Shares for Basic EPS $ $
Com Shares for Diluted EPS $ $
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