Exhibit 1-1.2 Financial Statement (In Thousands of Dollars) BALANCE SHEETS Planned 2019 Actuel 2018 Actual 2017 Actuel 2016 Actual 2015 Actual 2014 Assets Cash 51,760 Accounts Receivable - net $16,456 $1.608 $14,960 $1,462 $350 $400 $250 Direct Material Inventory 613,600 $1,924 $1,450 $435 $1,749 $160 Work-in-Process Inventory $1,590 $618 $5,95 $95 $17 Finished Goods Inventory $5,594 $3,267 $250 $2,70 $16 Total Current Assets $2.462 $2.258 524,379 522,157 5111 Long Term Assets-Net $26,810 $111 $4.906 $135,300 $123,000 $1,057 $544 Total Assets $112,000 $162,110 $41,000 $5.560 4,000 $147.379 $134.157 $46.906 $6.617 34.544 Total Libilities $66,898 $52,156 Share Holders Equity $44,868 $23,707 6819 $171 Contributed Capital $85.000 Retained earnings $85,000 180.000 132000 $10,217 $7.000 85.750 Total Share Holders Equity $10,217 59,289 $1 199 (1,202 $95,217 (1,377] $95.217 189.289 $23.199 $5.798 34.375 Total Libilities and Shareholders Equity $162,110 $147.579 $194,157 $46.906 84.544 Income Statements Planned 2019 Actual 2018 Actual 2017 Sales Revenue (see below Actual 2016 Actual 2015 Actual 2014 $208,525 Less Cost of Goods Sold $177,210 $136,000 531 800 59 500 Gross Margin $114,279 $108,857 51,600 $95,945 589,246 $20.670 $58,373 $6,650 $37 057 $1,109 Less: Selling Expenses $11, 130 $2,850 $8,100 $7,700 $491 Less: Administrative Expenses $7,000 $1,500 $600 $21,979 $20,550 $18,500 $400 Income Before Tax $59.771 $6,200 $40.529 $11.557 $2,000 $1.200 Less: Income Tax 30% $17,93 $3.450 $12,097 Net Income $3,467 $250 (1,1091 $1,029 $75 $41,8-40 $28,226 $8,090 $2,401 $175 (776 Sedan Unit Sales 6,100 5600 5100 900 Sedan Selling Price 26,600 225 100 $25,500 Total Sedan Sales $21.000 $162,260,000 $141,680,000| $107,100,000 Compact Unit Sales 2,100 Compact Selling Price 1900 1700 300 19,650 $18,700 75 Total Compact Sales $17,000 $41,265,000 $35,530,000 $28,900,000 Total Sales All Models $203,525,000| $177 210,000|$136,000,000 Some questions may use some business terms, which you may not fully understand. You will find a glossary of key terms in the help section of Moodle for this course, which will explain these items. I have included an Excel sheet to help you perform some of these calculations. Make sure your answers are in percent for Return on Equity and Return on Sales. Please use this sheet and make sure you use formulas for your answers. This is a relatively short assignment so you only have one week to complete it. You may have to look back at the first reading to help with some of these questions. Thanks Carl Mercer Questions: 1. List the production departments through which CCC's products pass. In other words, which departments work directly on making cars or parts for the cars and thus add direct materials or direct labor to the cars? What are CCC's manufacturing overhead departments? 2. What is the difference between product costs and period costs? List those CCC costs that are considered to be period costs. What are the three broad cost categories that comprise product costs at CCC? What cost categories at CCC can be included in inventory
