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Use the balance sheet and income statement below: VALIUMS MEDICAL SUPPLY CORPORATION Balance Sheet as of December 31, 2015 and 2014 (in thousands of dollars)
Use the balance sheet and income statement below: |
VALIUMS MEDICAL SUPPLY CORPORATION Balance Sheet as of December 31, 2015 and 2014 (in thousands of dollars) | ||||||||||||||
2015 | 2014 | 2015 | 2014 | |||||||||||
Assets | Liabilities and Equity | |||||||||||||
Current assets: | Current liabilities: | |||||||||||||
Cash and marketable securities | $ | 90 | $ | 89 | Accrued wages and taxes | $ | 66 | $ | 59 | |||||
Accounts receivable | 208 | 199 | Accounts payable | 168 | 159 | |||||||||
Inventory | 330 | 309 | Notes payable | 149 | 149 | |||||||||
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Total | $ | 628 | $ | 597 | Total | $ | 383 | $ | 367 | |||||
Fixed assets: | Long-term debt: | $ | 656 | $ | 592 | |||||||||
Gross plant and equipment | $ | 1,127 | $ | 918 | Stockholders equity: | |||||||||
Less: Depreciation | 182 | 131 | Preferred stock (6 thousand shares) | $ | 6 | $ | 6 | |||||||
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| Common stock and paid-in surplus | 120 | 120 | ||||||||
Net plant and equipment | $ | 945 | $ | 787 | (100 thousand shares) | |||||||||
Other long-term assets | 170 | 170 | Retained earnings | 578 | 469 | |||||||||
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Total | $ | 1,115 | $ | 957 | Total | $ | 704 | $ | 595 | |||||
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Total assets | $ | 1,743 | $ | 1,554 | Total liabilities and equity | $ | 1,743 | $ | 1,554 | |||||
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VALIUMS MEDICAL SUPPLY CORPORATION Income Statement for Years Ending December 31, 2015 and 2014 (in thousands of dollars) | |||||||
2015 | 2014 | ||||||
Net sales | $ | 928 | $ | 838 | |||
Less: Cost of goods sold | 407 | 370 | |||||
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Gross profits | $ | 521 | $ | 468 | |||
Less: Other operating expenses | 65 | 59 | |||||
Earnings before interest, taxes, depreciation, and amortization (EBITDA) | $ | 456 | $ | 409 | |||
Less: Depreciation | 51 | 49 | |||||
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Earnings before interest and taxes (EBIT) | $ | 405 | $ | 360 | |||
Less: Interest | 66 | 60 | |||||
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Earnings before taxes (EBT) | $ | 339 | $ | 300 | |||
Less: Taxes | 149 | 129 | |||||
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Net income | $ | 190 | $ | 171 | |||
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Less: Preferred stock dividends | $ | 6 | $ | 6 | |||
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Net income available to common stockholders | $ | 184 | $ | 165 | |||
Less: Common stock dividends | 75 | 75 | |||||
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Addition to retained earnings | $ | 109 | $ | 90 | |||
Per (common) share data: | |||||||
Earnings per share (EPS) | $ | 1.84 | $ | 2 | |||
Dividends per share (DPS) | $ | 0.75 | $ | 0.75 | |||
Book value per share (BVPS) | $ | 6.98 | $ | 5.89 | |||
Market value (price) per share (MVPS) | $ | 8.01 | $ | 6.37 | |||
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