Rockford Company Comparative Balance Sheet (dollars in millions) This Year Last Year Assets Current assets: Cash and cash equivalents. Accounts receivable Inventory Prepaid expenses Total current assets. Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Long-term Investments. Total assets. $ 26 180 205 17 428 $1,000 530 470 352 118 Rockford Company Income Statement For This Year Ended December 31 (dollars in millions) Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income. Nonoperating items: Loss on sale of equipment. Income before taxes... Income taxes Net Income.. $ 10 270 160 20 460 309 194 115 75 $650 430 218 212 60 $700 4 114 48 66 $ Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Income taxes payable Total current liabilities. Bonds payable Total liabilities. Stockholders' equity Common stock Retained oarnings Total stockholders' equity Total liabilities and stockholders' equity $230 70 15 315 135 450 $310 60 8 378 40 418 . Knowing that Number of shares outstanding is 10.000.000 Market price per share is $15, Sales on cash is 35% of total sales Taxes rate is 42,15% Preferred dividends are 25% of total dividends Assess (through all the ratios) the liquidity, the asset management, the debt management, the profitability and the market performance of the company. 140 110 250 $700 140 92 232 $650 Rockford Company Comparative Balance Sheet (dollars in millions) This Year Last Year Assets Current assets: Cash and cash equivalents. Accounts receivable Inventory Prepaid expenses Total current assets. Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Long-term Investments. Total assets. $ 26 180 205 17 428 $1,000 530 470 352 118 Rockford Company Income Statement For This Year Ended December 31 (dollars in millions) Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income. Nonoperating items: Loss on sale of equipment. Income before taxes... Income taxes Net Income.. $ 10 270 160 20 460 309 194 115 75 $650 430 218 212 60 $700 4 114 48 66 $ Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Income taxes payable Total current liabilities. Bonds payable Total liabilities. Stockholders' equity Common stock Retained oarnings Total stockholders' equity Total liabilities and stockholders' equity $230 70 15 315 135 450 $310 60 8 378 40 418 . Knowing that Number of shares outstanding is 10.000.000 Market price per share is $15, Sales on cash is 35% of total sales Taxes rate is 42,15% Preferred dividends are 25% of total dividends Assess (through all the ratios) the liquidity, the asset management, the debt management, the profitability and the market performance of the company. 140 110 250 $700 140 92 232 $650
