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Questions using the financial statements below: What is the Net Income Margin? State your answer as a % and round to the nearest whole number

Questions using the financial statements below:

What is the Net Income Margin? State your answer as a % and round to the nearest whole number

What is the current ratio? Remember that a ratio is stated in reference to 1 (not as a percentage), and you should carry ratio out to two decimal places

What is the exact amount that account receivables increased during the year?

What is the total Cost of Sales for the year?

What month does the fiscal year begin in?

What is the quick ratio? Remember that a ratio is stated in reference to 1 (not as a percentage), and you should carry ratio out to two decimal places.

What two revenue line items make up more than 80% of the companys revenue for the year? Hint: Write answers exactly like they are on the financial statements, capitalization and spaces included. Place a comma and space ", " in between your two answers.

How much did Park Systems invest in radio facilities?

What is EBITDA (Net Income before Interest Expense, Taxes, Depreciation and Amortization are deducted)?

How much did the company pay down its Note Payable?

Balance Sheet

Years Ended December 31 (in thousands)

Assets

Current Assets

Cash

$ 23,283

Accounts Receivable, net

38,316

Prepaid Expenses

3,655

SIM Inventory

6,881

Total Current Assets

72,135

Long-Term Assets

Property & Equipment, net

462,602

Total Assets

$ 534,737

Liabilities and Equity

Current Liabilities

Accounts Payable

$ 14,807

Accrued Payroll

5,863

Accrued Expenses

14,659

Note Payable, current

26,972

Total Current Liabilities

62,301

Long-Term Liabilities

Note Payable, non-current

296,849

Total Liabilities

359,150

Stockholders Equity

Common Stock

134

Retained Earnings

175,453

Total Stockholders Equity

175,587

Total Liabilities & Stockholders Equity

$ 534,737

Income Statement Years Ended December 31

(in thousands)

Revenues

Data

$ 201,663

SIM Subscription

120,998

SMS (texting)

40,333

SIM Purchase & Activation

19,113

Other Revenue

1,053

Total Revenues

383,160

Cost of Sales

GSM Roaming & Local Data

110,915

Carrier SMS Fees

24,200

SIM Manufacturing

8,601

Direct Labor

19,158

Total Cost of Sales

162,873

Gross Profit

220,287

Operating Expenses

Core Telecom Network Ops

66,086

Sales and Marketing

32,575

Research and Development

9,772

Radio Tower Facilities

4,886

General & Administrative

65,149

Total Operating Expenses

178,468

Operating Income

41,818

Investment Income

1,685

Interest Expense

(9,715)

Foreign Exchange Gain (Loss)

(1,836)

Tax Provision Expense

(3,904)

Other Income (Expense)

1,051

Net Income

$ 29,100

Statement of Cash Flows Year Ended December 31 (in thousands)

Operating Activities

Consolidated net income

$ 29,100

Adjustments

Depreciation and amortization

4,819

Changes in assets and liabilities: Accounts receivable

(3,483)

Inventory

(9,891)

Accounts payable

888

Accrued expenses

20,670

Net cash provided by operating activities

42,103

Investing Activities

Investment in radio facilities

(17,102)

Capital Equipment expenditure

(5,783)

Net cash (used in) investing activities

(22,884)

Financing Activities

Payments on note payable

(6,476)

Net cash provided by financing activities

(6,476)

Net increase (decrease) in cash and equivalents

12,743

Cash and equivalents, beginning of year

10,540

Cash and equivalents, end of year

$ 23,283

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