Question
Exhibit 2 Balance Sheets 2012 2013 2014 2015 2016 Cash $ 75,340,000 $ 76,800,300 $ 95,630,000 $ 55,320,100 $ 15,430,300 Accounts receivable 31,650,000 45,320,000 65,340,000
| Exhibit 2 Balance Sheets | |||||
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| 2012 | 2013 | 2014 | 2015 | 2016 |
Cash | $ 75,340,000 | $ 76,800,300 | $ 95,630,000 | $ 55,320,100 | $ 15,430,300 | |
Accounts receivable | 31,650,000 | 45,320,000 | 65,340,000 | 75,800,300 | 95,300,000 | |
Parts Inventory | 96,670,000 | 150,320,000 | 245,320,600 | 339,760,200 | 423,340,000 | |
WIP Inventory | 46,789,180 | 65,354,460 | 86,650,675 | 124,532,030 | 145,673,800 | |
Finished Goods Inventory | 145,300,530 | 210,360,300 | 271,530,200 | 314,580,400 | 389,640,200 | |
Total Current Assets | $ 395,749,710 | $ 548,155,060 | $ 764,471,475 | $ 909,993,030 | $ 1,069,384,300 | |
Land, plant, and equipment, net | 445,230,840 | 489,300,500 | 1,317,388,220 | 1,318,350,000 | 1,402,870,000 | |
Intangibles | 50,340,030 | 79,003,000 | 97,300,200 | 110,850,000 | 125,988,000 | |
Total Assets | $ 891,320,580 | $ 1,116,458,560 | $ 2,179,159,895 | $ 2,339,193,030 | $ 2,598,242,300 | |
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Accounts payable | $ 68,700,400 | $ 95,620,000 | $ 167,500,300 | $ 240,650,430 | $ 320,640,430 | |
Current portion of long-term debt | 23,453,000 | 34,269,251 | 113,419,712 | 109,846,021 | 118,519,758 | |
Total current liabilities | $ 92,153,400 | $ 129,889,251 | $ 280,920,012 | $ 350,496,451 | $ 439,160,188 | |
Long-term debt | 234,530,000 | 342,692,508 | 1,134,197,119 | 1,098,460,213 | 1,185,197,581 | |
Total Liabilities | 326,683,400 | 472,581,759 | 1,415,117,131 | 1,448,956,665 | 1,624,357,769 | |
Shareholders' equity | 564,637,180 | 643,876,801 | 764,042,764 | 890,236,365 | 973,884,531 | |
Total Liabilities and Equity | $ 891,320,580 | $ 1,116,458,560 | $ 2,179,159,895 | $ 2,339,193,030 | $ 2,598,242,300 | |
1. Prepare the following financial exhibits for 2013 through 2016:
Ratio table
Find ratio table for 2013, 2014, 2015, 2016, and Industry Average
Current ratio, Cash ratio, Parts inventory turnover in days, Work-in-progress turnover in days, Finished goods turnover in days, Accounts receivable turnover in days, Accounts payable turnover in days, Cash conversion cycle, Fixed assets turnover, Total asset turnover, Debt ratio, Long-term debt to total capitalization, Times interest earned, Cash flow coverage, Gross margin, Operating profit margin, Net profit margin, ROA, ROE
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