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Disaggregate RNOA into Net operating profit margin (NOPM) and Net Operating Asset Turnover (NOAT) DC's Income Statement Year Ending December 31, 2014 2014 Sales 1,125,192
Disaggregate RNOA into Net operating profit margin (NOPM) and Net Operating Asset Turnover (NOAT)
DC's | ||
Income Statement | ||
Year Ending December 31, 2014 | ||
2014 | ||
Sales | 1,125,192 | |
Cost of Goods Sold | 697,619 | |
Gross Profit | 427,573 | |
Operating Expenses: | ||
Selling and Admin Expenses | 285,368 | |
Depreciation | 12,000 | |
Total Operating Expenses | 297,368 | |
Operating Income | 130,205 | |
Interest Expense | (13,440) | |
Investment Income | 6,590 | |
Earnings before Income Taxes | 123,355 | |
Income Taxes @ 23% effective rate | 28,372 | |
Net Income | 94,983 | |
DC's | ||
Balance Sheet | ||
December 31, 2104 | ||
Assets | 2014 | 2013 |
Cash | 225,800 | 158,500 |
Short Term Investments | 30,000 | 30,000 |
Inventory | 48,000 | 42,000 |
Other Current Assets | 2,000 | 2,000 |
Total Current Assets | 305,800 | 232,500 |
Fixed Assets net of depreciation | 192,000 | 204,000 |
Total Assets | 497,800 | 436,500 |
Liabilities and Owners Equity | ||
Accounts Payable | 35,000 | 31,000 |
Wages Payable | 7,400 | 6,800 |
Current Maturities of Long Term Debt | 11,500 | 11,500 |
Deferred Revenue | 12,000 | 9,000 |
Total Current Liabilities | 65,900 | 58,300 |
Long Term Debt less Current Maturities | 128,000 | 139,500 |
Total Liabilities | 193,900 | 197,800 |
Equity | ||
Common Stock 1,000 shares issued | ||
and outstanding Dec 31, 2014 | 100,000 | 100,000 |
Retained Earnings | 203,900 | 138,700 |
Total Equity | 303,900 | 238,700 |
Total Liabilities and Owners Equity | 497,800 | 436,500 |
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