Objective of this Assignment First Part Develop an understanding of how to read and interpret financial statements It is important to be able to understand and build financial statements these skills are essential to effective business planning Interpret existing financial statements by building ratio analysis and interpretation abilities Second Part Based on supplied assumptions, create financial forecasting statements for your friends business idea (see Assignment 1 for background details) Assignment Tasks Part A (7 marks) Please find attached a multi year Income Statement (Appendix A1) and multi year Balance Sheet (Appendix A2) for Canadian Motorbikes This company is a (fictional) motorcycle manufacturer that brought on a new CEO in 2012 You work for an investment company that is considering investing in the motorcycle company and, if the investment is made, whether or not to retain the CEO You are part of a team that is evaluating the performance of the company Your job is to calculate and interpret important financial ratios and to make comments to help make a decision on whether or not to invest Appendix A3 contains financial ratio averages for all companies in the industry This should be useful Please use the information in Appendices A1 to A3 to do the following Calculate the Current Ratio, Debt Ratio, Return on Assets (ROA) and Return on Equity (ROE) For the ROA and ROE, you should use the average total assets and the average total equity in your calculations (The average is the total across two years divided by two) Calculate these values for each of 2011 2014 Interpret your calculations what does this information mean How is the company doing (5 marks) Calculate ratios related to how quickly the company pays its trade debt and how quickly it collects from its customers These are known as Accounts Payable (AP) Turnover and Accounts Receivable (AR) Turnover The formula for AP Turnover is cost of goods sold average accounts payable The formula for AR Turnover is credit sales average accounts receivable Note For this assignment, you can use the Sales numbers that are given in the table for the Credit Sales numbers in the AR Turnover calculations Calculate the AP and AR Turnover for each of the years 2011 2014 Interpret your calculations What does this information mean How is the company doing (2 marks) Part B (18 marks) (Please review pages 346 to 361 of the course textbook) It is now January 1 st , 2021 and your friend has decided to start that new business They have decided to (1) provide equipment access and (2) offer training courses and (3) sell merchandise Part B1 Based on a number of assumptions your friend wants to forecast the first years Income Statement and Balance Sheet Once again they call upon you to assist them in creating the forecasted statements In this assignment you are to construct an Income Statement and Balance Sheet based on the assumptions your friend has provided to you (6 marks) First year sales will total $100,000 Gross margins will be 50 Operating margins will be 20 Accounts Receivable will be about 15 of sales Inventory will be 12 of sales Accounts Payable will be 5 of sales Accrued expenses payable will be 7 of sales The Bank will provide a loan of $50,000 The annual interest will be 4 , compounded annually Interest only payments are needed until the loan is due in 5 years, where a balloon payment for the full balance must be paid The combined federal and provincial tax rates will be 30 Capital equipment purchases will be made at the start of the year These will total $70,000 These will depreciate at 10 per year Your friend wants ending cash to be $24,500, to have this amount on hand at year end Your friend will provide any other capital needed in the form of equity financing Part B2 It is January 1 st , 2022 The previous year (2021) turned out very well for your friend the projections were quite close You are now being asked to project out an Income Statement, Balance Sheet and a Cash Flow Statement for 2022 using the new assumptions outlined below (8 marks) 2022 year sales will be 25 higher than the $100,000 realized in 2021 Gross margins in 2022 will be 55 , 5 higher than the 50 realized in 2021 Operating margins will be 22 , 2 higher than 20 realized in 2021 Accounts Receivable will be 12 of sales, lower than the 15 seen in 2021 Inventory will be 15 of sales, higher than the 12 seen in 2021 Accounts Payable will be 4 of sales in 2022, lower than the 5 seen in 2021 Accrued expenses payable will be 4 of sales in 2022, lower than the 7 seen in 2021 The Bank will continue to be paid 4 interest on the $50,000 worth of loans The combined federal and provincial tax rates will be 30 No new capital purchases are made Closing cash is expected to remain at the same level predicted for and seen in 2021 Depreciation of existing capital equipment continues at the same rate observed in 2021 Part B3 Comment on the performance of your friends company How is the company doing The friend is currently working at this business part time Should the friend quit the other job and work at this full time Should they do the opposite and exit the business Or, should they stay the course and see how things unfold What other kinds of information might you want to know to answer these questions (4 marks) Supporting Details Your assignment is to be submitted either in Microsoft WORD or Microsoft EXCEL format It should be submitted with the following guidelines Include a cover page with the course code and course name, the assignment number, the title of your assignment, your name, the instructors name, and the date the assignment is created Ensure that the first page of your assignment has the title at the top of the page and the sections of your report have headings and subheadings to chunk your paper into sections for each of the topics you are writing about Font should be either Calibri or Arial, 11pt Text should be double spaced but table may be single spaced You must cite all of your sources of information using APA formatting Create a separate reference page that lists all of your sources that you have cited in text Sources include software used Also, personal communications from a professional in the field count as a reference source For citation and referencing examples, see https owl purdue edu owl research and citation apa style apa formatting and style guide general format html Appendix A3 Canadian Motorbikes Industry Averages Current Ratio Cash Ratio Inventory Turnover (days) A R Turnover (days) A P Turnover (days) Cash Conversion Cycle Fixed Assets Turnover Total Assets Turnover Debt Ratio Times Interest Earned Gross Profit Margin Operating Profit Margin Net Profit Margin Return on Assets Return on Equity 1 25 0 27 44 12 32 45 60 23 16 35 3 72 2 05 0 54 9 33 32 00 14 00 8 50 17 46 38 25 Appendix A1 Canadian Motorbikes Comparative Income Statement ($M) For the Years Ended Dec 31, 2009 to 2014 2009 2011 2012 2010 $287 14 $299 45 $209 69 $210 45 $725 45 $793 34 $506 91 $559 53 $77 45 $89 00 $219 21 $226 57 $218 54 $233 81 $125 53 $136 57 $20 89 $21 22 $26 54 $160 23 $ 57 34 $ 60 06 $104 14 $ 7 53 $13 54 $21 54 $ 92 86 $87 39 $61 42 $39 80 $35 51 $24 67 $17 96 $ 13 01 $57 35 $62 72 $43 46 $26 79 $18 35 $ 20 07 $13 91 $ 8 57 $29 55 $ 18 22 $ 12 58 $15 40 $9 41 $ 12 53 3 17 $ 2 87 1 01 $ 0 92 2 16 $ 1 95 $39 00 $42 65 Sales Cost of Goods Sold Gross Profit Selling and Administration Depreciation Operating Profit Interest Earnings Before Taxes Taxes Net Income $ $ $ tax rate 32 1 tax rate 68 Net Income 1(1 tax rate) $ 8 57 Cash A R Inventory 32 68 32 68 $10 46 $ 63 15 Total Current Assets $72 89 $148 76 $193 36 Accessibil 2013 2014 $814 55 $856 00 $595 34 $629 43 32 68 32 32 68 68 $59 43 $ 41 76 $ 27 07 Appendix A2 Canadian Motorbikes Comparative Balance Sheet ($M) For the Years Ended Dec 31, 2009 to 2014 2009 2010 2011 2012 2013 2014 $ 10 76 $ 20 56 $ 25 78 $38 55 $ 34 21 $29 75 $45 01 $ 48 54 $84 89 $ 85 39 $ 95 32 $ 99 23 $ 17 12 $ 79 66 $ 82 69 $79 30 $53 88 $ 75 33 $203 24 $183 41 $204 31 Appendix A2 Canadian Motorbikes Comparative Balance Sheet ($M) For the Years Ended Dec 31, 2009 to 2014 2009 2010 2011 2012 2013 2014 $ 10 76 $ 20 56 $25 78 $38 55 $34 21 $29 75 $45 01 $ 48 54 $84 89 $85 39 $95 32 $ 99 23 $ 17 12 $ 79 66 $ 82 69 $ 79 30 $ 53 88 $ 75 33 $72 89 $148 76 $193 36 $203 24 $183 41 $204 31 $ 54 32 $ 162 28 $184 18 $178 01 $182 74 $211 48 $ 2 47 $ 5 39 $ 8 38 $ 8 82 $ 9 49 $ 11 65 $129 68 $316 43 $385 92 $390 07 $375 64 $427 44 Cash A R Inventory Total Current Assets Land, Plant and Equipment Other Assets Total Assets A P Current Portion of LT Debt Total Current Liabilities Long term Debt Total Liabilities Shareholders' Equity Total Liabilities and Equities Accessibility Investigate 41 7 $ 53 77 $ 90 73 $ 2 88 $18 09 $ 56 65 $108 82 $ 52 82 $185 45 $109 47 $294 27 $20 21 $ 22 16 $129 68 $316 43 $112 15 $109 96 $129 04 $189 84 $18 77 $ 14 32 $ 8 56 $ 6 22 $130 92 $124 28 $ 137 60 $ 196 06 $161 98 $ 104 68 $ 79 80 $324 76 $286 26 $242 28 $275 86 $61 16 $103 81 $133 36 $ 151 58 $385 92 $390 07 $375 64 $427 44 $ 193 84 Appendix A3 Canadian Motorbikes Industry Averages Current Ratio Cash Ratio Inventory Turnover (days) A R Turnover (days) A P Turnover (days) Cash Conversion Cycle Fixed Assets Turnover Total Assets Turnover Debt Ratio Times Interest Earned Gross Profit Margin Operating Profit Margin Net Profit Margin Return on Assets Return on Equity 1 25 0 27 44 12 32 45 60 23 16 35 3 72 2 05 0 54 9 33 32 00 14 00 8 50 17 46 38 25 Appendix A1 Canadian Motorbikes Comparative Income Statement ($M) For the Years Ended Dec 31, 2009 to 2014 2009 2011 2012 2010 $287 14 $299 45 $209 69 $210 45 $725 45 $793 34 $506 91 $559 53 $77 45 $89 00 $219 21 $226 57 $218 54 $233 81 $125 53 $136 57 $20 89 $21 22 $26 54 $160 23 $ 57 34 $ 60 06 $104 14 $ 7 53 $13 54 $21 54 $ 92 86 $87 39 $61 42 $39 80 $35 51 $24 67 $17 96 $ 13 01 $57 35 $62 72 $43 46 $26 79 $18 35 $ 20 07 $13 91 $ 8 57 $29 55 $ 18 22 $ 12 58 $15 40 $9 41 $ 12 53 3 17 $ 2 87 1 01 $ 0 92 2 16 $ 1 95 $39 00 $42 65 Sales Cost of Goods Sold Gross Profit Selling and Administration Depreciation Operating Profit Interest Earnings Before Taxes Taxes Net Income $ $ $ tax rate 32 1 tax rate 68 Net Income 1(1 tax rate) $ 8 57 Cash A R Inventory 32 68 32 68 $10 46 $ 63 15 Total Current Assets $72 89 $148 76 $193 36 Accessibil 2013 2014 $814 55 $856 00 $595 34 $629 43 32 68 32 32 68 68 $59 43 $ 41 76 $ 27 07 Appendix A2 Canadian Motorbikes Comparative Balance Sheet ($M) For the Years Ended Dec 31, 2009 to 2014 2009 2010 2011 2012 2013 2014 $ 10 76 $ 20 56 $ 25 78 $38 55 $ 34 21 $29 75 $45 01 $ 48 54 $84 89 $ 85 39 $ 95 32 $ 99 23 $ 17 12 $ 79 66 $ 82 69 $79 30 $53 88 $ 75 33 $203 24 $183 41 $204 31 Appendix A2 Canadian Motorbikes Comparative Balance Sheet ($M) For the Years Ended Dec 31, 2009 to 2014 2009 2010 2011 2012 2013 2014 $ 10 76 $ 20 56 $25 78 $38 55 $34 21 $29 75 $45 01 $ 48 54 $84 89 $85 39 $95 32 $ 99 23 $ 17 12 $ 79 66 $ 82 69 $ 79 30 $ 53 88 $ 75 33 $72 89 $148 76 $193 36 $203 24 $183 41 $204 31 $ 54 32 $ 162 28 $184 18 $178 01 $182 74 $211 48 $ 2 47 $ 5 39 $ 8 38 $ 8 82 $ 9 49 $ 11 65 $129 68 $316 43 $385 92 $390 07 $375 64 $427 44 Cash A R Inventory Total Current Assets Land, Plant and Equipment Other Assets Total Assets A P Current Portion of LT Debt Total Current Liabilities Long term Debt Total Liabilities Shareholders' Equity Total Liabilities and Equities Accessibility Investigate 41 7 $ 53 77 $ 90 73 $ 2 88 $18 09 $ 56 65 $108 82 $ 52 82 $185 45 $109 47 $294 27 $20 21 $ 22 16 $129 68 $316 43 $112 15 $109 96 $129 04 $189 84 $18 77 $ 14 32 $ 8 56 $ 6 22 $130 92 $124 28 $ 137 60 $ 196 06 $161 98 $ 104 68 $ 79 80 $324 76 $286 26 $242 28 $275 86 $61 16 $103 81 $133 36 $ 151 58 $385 92 $390 07 $375 64 $427 44 $ 193 84

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Objective of this Assignment: First Part: Develop an understanding of how to read and interpret financial statements. It is important to be able to understand

Objective of this Assignment:

First Part: Develop an understanding of how to read and interpret financial statements. It is important to be able to understand and build financial statements these skills are essential to effective business planning. Interpret existing financial statements by building ratio analysis and interpretation abilities.
Second Part: Based on supplied assumptions, create financial forecasting statements for your friends business idea (see Assignment 1 for background details).

Assignment Tasks:

Part A (7 marks)

Please find attached a multi-year Income Statement (Appendix A1) and multi-year Balance Sheet (Appendix A2) for Canadian Motorbikes. This company is a (fictional) motorcycle manufacturer that brought on a new CEO in 2012. You work for an investment company that is considering investing in the motorcycle company and, if the investment is made, whether or not to retain the CEO. You are part of a team that is evaluating the performance of the company. Your job is to calculate and interpret important financial ratios and to make comments to help make a decision on whether or not to invest. Appendix A3 contains financial ratio averages for all companies in the industry. This should be useful.

Please use the information in Appendices A1 to A3 to do the following:

Calculate the Current Ratio, Debt Ratio, Return on Assets (ROA) and Return on Equity (ROE). For the ROA and ROE, you should use the average total assets and the average total equity in your calculations. (The average is the total across two years divided by two). Calculate these values for each of 2011-2014. Interpret your calculations: what does this information mean? How is the company doing? (5 marks)

Calculate ratios related to how quickly the company pays its trade debt and how quickly it collects from its customers. These are known as Accounts Payable (AP) Turnover and Accounts Receivable (AR) Turnover. The formula for AP Turnover is: cost of goods sold/average accounts payable. The formula for AR Turnover is: credit sales/average accounts receivable. [Note: For this assignment, you can use the Sales numbers that are given in the table for the Credit Sales numbers in the AR Turnover calculations.] Calculate the AP and AR Turnover for each of the years 2011 2014. Interpret your calculations: What does this information mean? How is the company doing? (2 marks)

Part B (18 marks) (Please review pages 346 to 361 of the course textbook)

It is now January 1^st, 2021 and your friend has decided to start that new business. They have decided to: (1) provide equipment access and (2) offer training courses and (3) sell merchandise.

Part B1: Based on a number of assumptions your friend wants to forecast the first years Income Statement and Balance Sheet. Once again they call upon you to assist them in creating the forecasted statements. In this assignment you are to construct an Income Statement and Balance Sheet based on the assumptions your friend has provided to you. (6 marks)

First year sales will total $100,000
Gross margins will be 50%
Operating margins will be 20%
Accounts Receivable will be about 15% of sales
Inventory will be 12% of sales
Accounts Payable will be 5% of sales
Accrued expenses payable will be 7% of sales
The Bank will provide a loan of $50,000. The annual interest will be 4%, compounded annually. Interest-only payments are needed until the loan is due in 5 years, where a balloon payment for the full balance must be paid.
The combined federal and provincial tax rates will be 30%
Capital equipment purchases will be made at the start of the year. These will total $70,000. These will depreciate at 10% per year.
Your friend wants ending cash to be $24,500, to have this amount on hand at year-end.
Your friend will provide any other capital needed in the form of equity financing.

Part B2: It is January 1^st, 2022. The previous year (2021) turned out very well for your friend the projections were quite close. You are now being asked to project out an Income Statement, Balance Sheet and a Cash Flow Statement for 2022 using the new assumptions outlined below. (8 marks)

2022 year sales will be 25% higher than the $100,000 realized in 2021
Gross margins in 2022 will be 55%, 5% higher than the 50% realized in 2021
Operating margins will be 22%, 2% higher than 20% realized in 2021
Accounts Receivable will be 12% of sales, lower than the 15% seen in 2021
Inventory will be 15% of sales, higher than the 12% seen in 2021
Accounts Payable will be 4% of sales in 2022, lower than the 5% seen in 2021
Accrued expenses payable will be 4% of sales in 2022, lower than the 7% seen in 2021
The Bank will continue to be paid 4% interest on the $50,000 worth of loans
The combined federal and provincial tax rates will be 30%
No new capital purchases are made
Closing cash is expected to remain at the same level predicted for and seen in 2021
Depreciation of existing capital equipment continues at the same rate observed in 2021

Part B3: Comment on the performance of your friends company. How is the company doing? The friend is currently working at this business part-time.

Should the friend quit the other job and work at this full-time?
Should they do the opposite and exit the business?
Or, should they stay the course and see how things unfold?

What other kinds of information might you want to know to answer these questions? (4 marks)

Supporting Details: Your assignment is to be submitted either in Microsoft WORD or Microsoft EXCEL format.

It should be submitted with the following guidelines:

Include a cover page with the course code and course name, the assignment number, the title of your assignment, your name, the instructors name, and the date the assignment is created.
Ensure that the first page of your assignment has the title at the top of the page and the sections of your report have headings and subheadings to chunk your paper into sections for each of the topics you are writing about.
Font should be either Calibri or Arial, 11pt. Text should be double spaced but table may be single spaced.
You must cite all of your sources of information using APA formatting.
Create a separate reference page that lists all of your sources that you have cited in text. Sources include software used. Also, personal communications from a professional in the field count as a reference source. For citation and referencing examples, see https://owl.purdue.edu/owl/research_and_citation/apa_style/apa_formatting_and_style_guide/general_format.html

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Appendix A3: Canadian Motorbikes Industry Averages Current Ratio Cash Ratio Inventory Turnover (days) A/R Turnover (days) A/P Turnover (days) Cash Conversion Cycle Fixed Assets Turnover Total Assets Turnover Debt Ratio Times Interest Earned Gross Profit Margin Operating Profit Margin Net Profit Margin Return on Assets Return on Equity 1.25 0.27 44.12 32.45 60.23 16.35 3.72 2.05 0.54 9.33 32.00% 14.00% 8.50% 17.46% 38.25% Appendix A1: Canadian Motorbikes Comparative Income Statement ($M) For the Years Ended Dec 31, 2009 to 2014 2009 2011 2012 2010 $287.14 $299.45 $209.69 $210.45 $725.45 $793.34 $506.91 $559.53 $77.45 $89.00 $219.21 $226.57 $218.54 $233.81 $125.53 $136.57 $20.89 $21.22 $26.54 $160.23 $ 57.34 $ 60.06 $104.14 $ 7.53 $13.54 $21.54 $ 92.86 $87.39 $61.42 $39.80 $35.51 $24.67 $17.96 $ 13.01 $57.35 $62.72 $43.46 $26.79 $18.35 $ 20.07 $13.91 $ 8.57 $29.55 $ 18.22 $ 12.58 $15.40 $9.41 $ 12.53 3.17 $ 2.87 1.01 $ 0.92 2.16 $ 1.95 $39.00 $42.65 Sales Cost of Goods Sold Gross Profit Selling and Administration Depreciation Operating Profit Interest Earnings Before Taxes Taxes Net Income $ $ $ tax rate 32% 1 - tax rate 68% Net Income + 1(1-tax rate) $ 8.57 Cash A/R Inventory 32% 68% 32% 68% $10.46 $ 63.15 Total Current Assets $72.89 $148.76 $193.36 Accessibil 2013 2014 $814.55 $856.00 $595.34 $629.43 32% 68% 32% 32% 68% 68% $59.43 $ 41.76 $ 27.07 Appendix A2: Canadian Motorbikes Comparative Balance Sheet ($M) For the Years Ended Dec 31, 2009 to 2014 2009 2010 2011 2012 2013 2014 $ 10.76 $ 20.56 $ 25.78 $38.55 $ 34.21 $29.75 $45.01 $ 48.54 $84.89 $ 85.39 $ 95.32 $ 99.23 $ 17.12 $ 79.66 $ 82.69 $79.30 $53.88 $ 75.33 $203.24 $183.41 $204.31 Appendix A2: Canadian Motorbikes Comparative Balance Sheet ($M) For the Years Ended Dec 31, 2009 to 2014 2009 2010 2011 2012 2013 2014 $ 10.76 $ 20.56 $25.78 $38.55 $34.21 $29.75 $45.01 $ 48.54 $84.89 $85.39 $95.32 $ 99.23 $ 17.12 $ 79.66 $ 82.69 $ 79.30 $ 53.88 $ 75.33 $72.89 $148.76 $193.36 $203.24 $183.41 $204.31 $ 54.32 $ 162.28 $184.18 $178.01 $182.74 $211.48 $ 2.47 $ 5.39 $ 8.38 $ 8.82 $ 9.49 $ 11.65 $129.68 $316.43 $385.92 $390.07 $375.64 $427.44 Cash A/R Inventory Total Current Assets Land, Plant and Equipment Other Assets Total Assets A/P Current Portion of LT Debt Total Current Liabilities Long-term Debt Total Liabilities Shareholders' Equity Total Liabilities and Equities Accessibility Investigate 41.7 $ 53.77 $ 90.73 $ 2.88 $18.09 $ 56.65 $108.82 $ 52.82 $185.45 $109.47 $294.27 $20.21 $ 22.16 $129.68 $316.43 $112.15 $109.96 $129.04 $189.84 $18.77 $ 14.32 $ 8.56 $ 6.22 $130.92 $124.28 $ 137.60 $ 196.06 $161.98 $ 104.68 $ 79.80 $324.76 $286.26 $242.28 $275.86 $61.16 $103.81 $133.36 $ 151.58 $385.92 $390.07 $375.64 $427.44 $ 193.84 Appendix A3: Canadian Motorbikes Industry Averages Current Ratio Cash Ratio Inventory Turnover (days) A/R Turnover (days) A/P Turnover (days) Cash Conversion Cycle Fixed Assets Turnover Total Assets Turnover Debt Ratio Times Interest Earned Gross Profit Margin Operating Profit Margin Net Profit Margin Return on Assets Return on Equity 1.25 0.27 44.12 32.45 60.23 16.35 3.72 2.05 0.54 9.33 32.00% 14.00% 8.50% 17.46% 38.25% Appendix A1: Canadian Motorbikes Comparative Income Statement ($M) For the Years Ended Dec 31, 2009 to 2014 2009 2011 2012 2010 $287.14 $299.45 $209.69 $210.45 $725.45 $793.34 $506.91 $559.53 $77.45 $89.00 $219.21 $226.57 $218.54 $233.81 $125.53 $136.57 $20.89 $21.22 $26.54 $160.23 $ 57.34 $ 60.06 $104.14 $ 7.53 $13.54 $21.54 $ 92.86 $87.39 $61.42 $39.80 $35.51 $24.67 $17.96 $ 13.01 $57.35 $62.72 $43.46 $26.79 $18.35 $ 20.07 $13.91 $ 8.57 $29.55 $ 18.22 $ 12.58 $15.40 $9.41 $ 12.53 3.17 $ 2.87 1.01 $ 0.92 2.16 $ 1.95 $39.00 $42.65 Sales Cost of Goods Sold Gross Profit Selling and Administration Depreciation Operating Profit Interest Earnings Before Taxes Taxes Net Income $ $ $ tax rate 32% 1 - tax rate 68% Net Income + 1(1-tax rate) $ 8.57 Cash A/R Inventory 32% 68% 32% 68% $10.46 $ 63.15 Total Current Assets $72.89 $148.76 $193.36 Accessibil 2013 2014 $814.55 $856.00 $595.34 $629.43 32% 68% 32% 32% 68% 68% $59.43 $ 41.76 $ 27.07 Appendix A2: Canadian Motorbikes Comparative Balance Sheet ($M) For the Years Ended Dec 31, 2009 to 2014 2009 2010 2011 2012 2013 2014 $ 10.76 $ 20.56 $ 25.78 $38.55 $ 34.21 $29.75 $45.01 $ 48.54 $84.89 $ 85.39 $ 95.32 $ 99.23 $ 17.12 $ 79.66 $ 82.69 $79.30 $53.88 $ 75.33 $203.24 $183.41 $204.31 Appendix A2: Canadian Motorbikes Comparative Balance Sheet ($M) For the Years Ended Dec 31, 2009 to 2014 2009 2010 2011 2012 2013 2014 $ 10.76 $ 20.56 $25.78 $38.55 $34.21 $29.75 $45.01 $ 48.54 $84.89 $85.39 $95.32 $ 99.23 $ 17.12 $ 79.66 $ 82.69 $ 79.30 $ 53.88 $ 75.33 $72.89 $148.76 $193.36 $203.24 $183.41 $204.31 $ 54.32 $ 162.28 $184.18 $178.01 $182.74 $211.48 $ 2.47 $ 5.39 $ 8.38 $ 8.82 $ 9.49 $ 11.65 $129.68 $316.43 $385.92 $390.07 $375.64 $427.44 Cash A/R Inventory Total Current Assets Land, Plant and Equipment Other Assets Total Assets A/P Current Portion of LT Debt Total Current Liabilities Long-term Debt Total Liabilities Shareholders' Equity Total Liabilities and Equities Accessibility Investigate 41.7 $ 53.77 $ 90.73 $ 2.88 $18.09 $ 56.65 $108.82 $ 52.82 $185.45 $109.47 $294.27 $20.21 $ 22.16 $129.68 $316.43 $112.15 $109.96 $129.04 $189.84 $18.77 $ 14.32 $ 8.56 $ 6.22 $130.92 $124.28 $ 137.60 $ 196.06 $161.98 $ 104.68 $ 79.80 $324.76 $286.26 $242.28 $275.86 $61.16 $103.81 $133.36 $ 151.58 $385.92 $390.07 $375.64 $427.44 $ 193.84