Question
Showing complete solution and formula , please compute for: CCC DIO DSO DPO SCANDI HOME FURNISHINGS, INC Income Statements 2011 2012 2013 Net Sales $1,300,000
Showing complete solution and formula, please compute for:
- CCC
- DIO
- DSO
- DPO
SCANDI HOME FURNISHINGS, INC
Income Statements
2011
2012
2013
Net Sales
$1,300,000
$1,500,000
$1,800,000
Cost of Goods Sold
780,000
900,000
1,260,000
Gross Profit
520,000
600,000
540,000
Marketing
130,000
150,000
200,000
General & Administrative
150,000
150,000
200,000
Depreciation
40,000
53,000
60,000
EBIT
200,000
247,000
80,000
Interest
45,000
57,000
70,000
Earnings Before Taxes
155,000
190,000
10,000
Income Taxes (40%)
62,000
76,000
4,000
Net Income
$93,000
$114,000
$6,000
Cash Dividends
$0
$74,000
$0
SCANDI HOME FURNISHINGS, INC.
Balance Sheets
2011
2012
2013
Cash
$50,000
$40,000
$10,000
Accounts Receivables
200,000
260,000
360,000
Inventories
450,000
500,000
600,000
Total Current Assets
700,000
800,000
970,000
Fixed Assets, Net
300,000
400,000
500,000
Total Assets
$1,000,000
$1,200,000
$1,470,000
Accounts Payable
$130,000
$170,000
$180,000
Accruals
50,000
70,000
80,000
Bank Loan
90,000
90,000
184,000
Total Current Liabilities
270,000
330,000
444,000
Long-Term Debt
300,000
400,000
550,000
Common Stock ($10 par)*
300,000
300,000
300,000
Capital Surplus
50,000
50,000
50,000
Retained Earnings
80,000
120,000
126,000
Total Liab. & Equity
$1,000,000
$1,200,000
$1,470,000
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Managerial Accounting
Authors: Sivaramakrishna, Ramji Balakrishnan
1st Edition
0471467855, 978-0471467854
