FIN3430 Problem: This problem is also found in your notes on Cash Flow Analysis, handed out in class. Following are the 2004, 2003 and 2002 balance sheets for Krispy Kreme. Apply the two-finger approach as instructed in class. DO NOT combine the two responses into one, but prepare two separate writeups. Organize your responses as shown in class and use complete sentences for full credit Krispy Kreme (KKD) Balance Sheets from Yahoo Finance PERIOD ENDING Feb, 2004 Feb, 2003 Change Feb. 2003 Feb. 2002 Change Assets Current Assets Cash And Cash Equivalents 21.029 32,203 (11,174) 32 203 21,904 10,299 Short Term Investments 0 22,976 (22,976) 22,976 15.292 7,684 Net Receivables 83,092 58,106 24,986 58,106 45,823 12,283 Inventory 28,864 24,365 4,499 24,365 16,159 8,206 Other Current Assets 5,659 3,478 2,181 3,478 2.591 887 Total Current Assets 138,644 141,128 (2,484) 141,128 101.769 39,359 Long Term Investments 20,035 11,215 8,820 11.215 16,100 (4,885) Property Plant and Equipment 284,716 202,558 82,158 202,558 112,577 89,981 Goodwill 19,865 0 19,865 0 0 o Intangible Assets 187,859 48,703 139,156 48,703 16,621 32,082 Other Assets 9,545 6,883 2,662 6,883 8,309 (1,426) Total Current Assets 138,644 141,128 (2,484) 141,128 101.769 39,359 Long Term Investments 20,035 11,215 8,820 11,215 16,100 (4,885) Property Plant and Equipment 284.716 202,558 82,158 202,558 112,577 89,981 Goodwill 19,865 0 19,865 0 0 0 Intangible Assets 187,85948,703 139,156 48,703 16.621 32,082 Other Assets 9,545 6,883 2,662 6,883 8,309 (1,426) Total Noncurrent Assets 522,020 269,359 252,661 269,359 153,607 115,752 Total Assets 660,664 410,487 250.177 410,487 255,376 155,111 Liabilities Current Liabilities Accounts Payable 42,509 35,036 7,473 35,036 36,742 (1,706) Short/Current Long Term Debt 2,861 4,201 (1,340) 4,201 4,602 (401) Other Current Liabilities 8,123 20,450 (12,327) 20,450 11,189 9,261 Total Current Liabilities 53,493 59,687 (6,194) 59,687 52,533 7.154 Long Term Debt 146,224 62,406 83,818 62,406 3,912 58,494 Other Liabilities 0 0 0 0 4,116 (4,116) Deferred Long Term Liability Charges 6.417 9,849 (3,432) 9,849 4,657 5,192 Minority Interest 2.323 5,193 (2.870) 5,193 2,491 2,702 Total Noncurrent Liabilities 154,964 77,448 77,516 77,448 15.176 62,272 Total Liabilities 208,457 137,135 71,322 137,135 67.709 69,426 Stockholders' Equity Common Stock 294,477 173.112 121.365 173,112 121,052 52,060 Retained Earnings 159.490 102,403 57,087 102,403 68,925 33,478 Other Stockholder Equity (1,760) (2,163) 403 (2,163) (2,310) 147 Total Stockholder Equity 452,207 273,352 178,855 273,352 187,667 85,685 Total Liabilities and Equity 660,664 410,487 250,177 410,487 255,376 155,111 FIN3430 Problem: This problem is also found in your notes on Cash Flow Analysis, handed out in class. Following are the 2004, 2003 and 2002 balance sheets for Krispy Kreme. Apply the two-finger approach as instructed in class. DO NOT combine the two responses into one, but prepare two separate writeups. Organize your responses as shown in class and use complete sentences for full credit Krispy Kreme (KKD) Balance Sheets from Yahoo Finance PERIOD ENDING Feb, 2004 Feb, 2003 Change Feb. 2003 Feb. 2002 Change Assets Current Assets Cash And Cash Equivalents 21.029 32,203 (11,174) 32 203 21,904 10,299 Short Term Investments 0 22,976 (22,976) 22,976 15.292 7,684 Net Receivables 83,092 58,106 24,986 58,106 45,823 12,283 Inventory 28,864 24,365 4,499 24,365 16,159 8,206 Other Current Assets 5,659 3,478 2,181 3,478 2.591 887 Total Current Assets 138,644 141,128 (2,484) 141,128 101.769 39,359 Long Term Investments 20,035 11,215 8,820 11.215 16,100 (4,885) Property Plant and Equipment 284,716 202,558 82,158 202,558 112,577 89,981 Goodwill 19,865 0 19,865 0 0 o Intangible Assets 187,859 48,703 139,156 48,703 16,621 32,082 Other Assets 9,545 6,883 2,662 6,883 8,309 (1,426) Total Current Assets 138,644 141,128 (2,484) 141,128 101.769 39,359 Long Term Investments 20,035 11,215 8,820 11,215 16,100 (4,885) Property Plant and Equipment 284.716 202,558 82,158 202,558 112,577 89,981 Goodwill 19,865 0 19,865 0 0 0 Intangible Assets 187,85948,703 139,156 48,703 16.621 32,082 Other Assets 9,545 6,883 2,662 6,883 8,309 (1,426) Total Noncurrent Assets 522,020 269,359 252,661 269,359 153,607 115,752 Total Assets 660,664 410,487 250.177 410,487 255,376 155,111 Liabilities Current Liabilities Accounts Payable 42,509 35,036 7,473 35,036 36,742 (1,706) Short/Current Long Term Debt 2,861 4,201 (1,340) 4,201 4,602 (401) Other Current Liabilities 8,123 20,450 (12,327) 20,450 11,189 9,261 Total Current Liabilities 53,493 59,687 (6,194) 59,687 52,533 7.154 Long Term Debt 146,224 62,406 83,818 62,406 3,912 58,494 Other Liabilities 0 0 0 0 4,116 (4,116) Deferred Long Term Liability Charges 6.417 9,849 (3,432) 9,849 4,657 5,192 Minority Interest 2.323 5,193 (2.870) 5,193 2,491 2,702 Total Noncurrent Liabilities 154,964 77,448 77,516 77,448 15.176 62,272 Total Liabilities 208,457 137,135 71,322 137,135 67.709 69,426 Stockholders' Equity Common Stock 294,477 173.112 121.365 173,112 121,052 52,060 Retained Earnings 159.490 102,403 57,087 102,403 68,925 33,478 Other Stockholder Equity (1,760) (2,163) 403 (2,163) (2,310) 147 Total Stockholder Equity 452,207 273,352 178,855 273,352 187,667 85,685 Total Liabilities and Equity 660,664 410,487 250,177 410,487 255,376 155,111