Help with question B
CALCULATOR FULL SCREE Case Question D12-23 Haver Industries is a leading consumer products company. The company's adapted comparative balance s sheets and income statements (n $ millions) follow. Haver Industries Comparative Income Statements For the Years Ended December 31 2016 2015 2014 2013 2012 Net sales revenue $68,222 $56,741 $51,407 $43,377 $40,238 Cost of goods sold 33,125 27,872 25,076 22,141 20,989 Gross profit 35,097 28,869 26,331 21,236 19,249 Research & development expenses 2,075 1,940 1,802 1,665 Nonoperating income (expense) Interest expense Income before taxes Income taxes Net income Income before taxes Income before taxers Selling, general, & administrative expenses 19,773 16,460 14,702 11,718 12,052 346 152 238 (21) 603 3,729 3,058 2,869 2,344 2,031 $8,684 $6,923 $6,481 $5,186 4,352 $2.79 $2.70 $2.34 1.80 1.46 283 1,119 834 629 561 12,413 9,981 9350,530 6383 $1.15 $1.03 $0.93 $0.82 $0.76 Haver Industries Comparative Balance Sheets As of December 31 Assets 2016 2015 2014 2013 2012 $6,693 $6,389 $4,232 $5,912 $3,427 Cash Haver Industries Comparative Balance Sheets As of December 31 2012 $6,693 $6,389 $4,232 $5,912 $3,427 196 5,725 4,185 4,062 3,038 3,090 2016 2015 2014 2013 Cash Marketable securities Recelvables Inventories Other current assets 1,133 1,7441,660 300 6,291 ,006 4,400 3,640 3,456 4,487 3,005 2,761 2,330 1,997 24,329 20,329 17,115 15,220 12,166 18,770 14,332 14,108 13,104 13,349 89,027 24,163 23,900 13,507 13,430 3,569 2,703 1,925 1,875 1,831 135,695 $61,527 $57,048 $43,706 $40,776 Total current assets Property, plant, & equipment, net Inventories Deposits & other assets Total Assets Liabilities Notes payable Accounts payable Current long-term debt Accrued expense Income taxes Other current liabilities $0 $6,769 $1,079 $3,113 4,910 3,802 3,617 2,795 2,205 $0 2,128 11,441 1,518 1,093 4,757 2,957 2,925 2,606 2,429 3,360 2,265 2,554 1,879 1,438 4,830 4,574 4,764 2,906 3,519 19,985 25,039 22,147 12,358 12,704 12,3541,896 2,261 1,396 1,077 35,344 12,614 12,302 11,475 11,201 Total current liabilities Deferred charges Long-term debt 1 Eolisx 2000-2018 ohnwilexasons..inc. All Rights Reserved. A Division of John.wuevASons.inc. CALCULATOR FULL Income taxes 2,554 4,830 4,574 4,764 2,906 3,519 19,985 25,039 22,147 12,358 12,704 12,354 1,896 2,261 1,396 1,077 35,344 12,14 12,302 11,475 11,201 1,879 1,438 Other current liabilities Total current liabilities Deferred charges Long-term debt Non-current capital leases Other long-term liabilities 273 632 4,472 3,230 2,808 2,291 2,088 72,787 43,052 39,770 27,520 27,070 252 Total liabilities Stockholders' Equity Common stock Capital surplus Retained earnings Treasury stock 3,976 2,977 2,544 1,297 1,301 57,856 3,030 2,425 2,931 2,490 35,666 31,004 13,611 13,692 11,980 (34,235) (17,194) (355) (1,342) (1,302) (1,734) (2,065) 62,908 18,475 17,278 16,186 13,706 Total Liabilities and Stockholders' Equity $135,695 $61,527 $57,048 $43,706 $40,776 Total stockholders' equity (al) Your answer is correct. In his letters to shareholders in 2012, Haver's CEO stated that the company's goa for the next frve years was to achieve 4% to 6% sales growth each year and at least 10% growth in earnings per share. Compute the sales and EPS growth? (Round answers to 1 declmal places, o.g. 52.7 2016 2015 2014 2013 Sales growth 20.2 10 18.5 .8 EPS growth 15.4 30 23.3 Attemptsi 1 of 4 used (b1) Your answer is incorrect. Try again. Managing a broad collection of brands is challenging. In its 2012 annual report, Haver Industries stated that acquistions and divestitures "are part of the Company's stratepic foous on developing brands that offer the greatest potential for growth. The report went on, "This requires some dMcult decisions, including a restructuring program to reduce averhead and streamline manufacturing processes. In other words, the company strives to use its assets to earn the greatest possible return Compute the return on assets? (Round answers to I decimal places, eg. s2.7) 2016 2015 2014 013 Return on assets 9.9 13.1 14.1 13.6
