What would Chester Corporation's market capitalization be if the current price rose 10%?
Select : 1
Submit Answer
Annual Report TOP Round 3 Dec. 31 2023 Annual Report Chester C59559 Balance Sheet ASSETS 2023 2022 Common Size Cash $45,018 23% $56,862 Accounts Receivable $20,239 10.3% $16,640 Inventory $17,180 8.8% $0 Total Current Assets $82,437 42.1% $73,502 Plant & Equipment $174,560 89.2% $124,760 Accumulated Depreciation ($61,241) -31.3% ($49,604) Total Fixed Assets $113,319 57.9% $75,156 DEFINITIONS: Common Size: The common size column simply represents each item as a percentage of total assets for that year. Cash: Your end-of-year cash position. Accounts Receivable: Reflects the lag between delivery and payment of your products. Inventories: The current value of your inventory across all products. A zero indicates your company stocked out. Unmet demand would, of course, fall to your competitors. Plant & Equipment: The current value of your plant. Accum Deprec: The total accumulated depreciation from your plant. Accts Payable: What the company currently owes suppliers for materials and services. Current Debt: The debt the company is obligated to pay during the next year of operations. It includes emergency loans used to keep your company solvent should you run out of cash during the year. Long Term Debt: The company's long term debt is in the form of bonds, and this represents the total value of your bonds. Common Stock: The amount of capital invested by shareholders in the company. Retained Earnings: The profits that the company chose to keep instead of paying to shareholders as dividends. Total assets $195,756 100% $148,657 LIABILITIES & OWNERS' EQUITY Accounts Payable $13,795 7% $9,642 Current Debt $28,332 14.5% $29,208 Long Term Debt $42,646 21.8% $29,196 Total Liabilities $84,773 43.3% $68,046 Common Stock $12,718 6.5% $13,108 Retained Earnings $98,266 50.2% $67,504 Total Equity $110,984 56.7% $80,612 Total Liab. & O. Equity $195,756 100% $148,657 Cash Flow Statement Cash Flows from Operating Activities: 2023 2022 Net income (Loss) $33.731 $23,522 Depreciation $11,637 $8,317 The Cash Flow Statement examines what happened in the Cash Account during the year. Cash injections appear as positive numbers and cash withdrawals as negative numbers. The Cash Flow Statement is an excellent tool for diagnosing emergency loans. When negative cash flows exceed positives, you are forced to seek emergency funding. For example, if sales are bad and you find yourself carrying an abundance of excess inventory, the report would show the increase in inventory as a huge negative cash flow. Too much unexpected inventory could outstrip your inflows, exhaust your starting cash and force you to beg for money to keep your company afloat. Extraordinary gain/losses/writeoffs $0 SO Accounts Payable $4,153 $1,387 Inventory ($17,180) $13,393 Accounts Receivable ($3,600) ($4,167) Net cash from operations $28,742 $42,452 Cash Flow Summary Chester Cash Flows from Investing Activities: 50k Plant Improvements ($49,800) ($30,800) Cash Flows from Financing Activities: 25k Dividends paid ($960) SO Sales of Common Stock $0 $4,309 0 Purchase of Common Stock ($2,399) $O Cash from long term debt $13,450 $19,684 -25k Retirement of long term debt $0 ($11,300) Change in current debt (net) ($876) $15,002 Net cash from financing activities $9,215 $27,695 -50k Net change in cash position ($11,844) $39,347 Closing cash position $45,018 $56,862 -75k Investment Finance Operations Chg. Cash Annual Report Page 1 Round 3 Dec. 31 2023 Annual Report Chester C59559 2023 Income Statement Product Name Cozy Cute Crimp Cake Na Na Na Na Total Common Size Sales $63,964 $57,231 $53,322 $71,729 $0 $0 $0 $0 $246,246 100% Variable Costs: Direct Labor $14,878 $11,981 $11,287 $15,331 $0 $0 $0 $0 $53,476 21.7% Direct Material $24,482 $24,275 $20,249 $28,183 $0 $0 $0 $0 $97,188 39.5% Inventory Carry $0 $O $1,416 $646 $O $0 $0 $0 $2,062 0.8% Total Variable $39,360 $36,255 $32,952 $44,160 $0 $0 $0 $0 $152,726 62% Contribution Margin $24,605 $20,976 $20,371 $27,569 SO $0 $0 $0 $93,520 38% Period Costs: Depreciation $3,024 $2,267 $2,833 $3,513 $0 $0 $0 $0 $11,637 4.7% R&D $858 $655 $510 $571 $0 $0 $0 $0 $2,595 1.1% Promotions $1,350 $1,350 $1,350 $1,350 SO $0 $0 $0 $5,400 2.2% Sales $1,000 $1,000 $900 $900 $0 $0 $0 $0 $3,800 1.5% Admin $509 $456 $424 $571 $0 $0 $0 $0 $1,960 0.8% Total Period $6,741 $5,728 $6,018 $6,905 SO $0 $0 $0 $25,392 10.3% Net Margin $17,863 $15,248 $14,353 $20,664 $0 $0 $0 $0 $68,128 27.7% Other $6,958 2.8% EBIT $61,170 24.8% Short Term Interest $3,088 1.3% Definitions: Sales: Unit sales times list price. Direct Labor: Labor costs incurred to produce the product that was sold. Inventory Carry Cost: the cost to carry unsold goods in inventory. Depreciation: Calculated on straight-line 15-year depreciation of plant value. R&D Costs: R&D department expenditures for each product. Admin: Administration overhead is estimated at 1.5% of sales. Promotions: The promotion budget for each product. Sales: The sales force budget for each product. Other: Charges not included in other categories such as Fees, Write Offs, and TQM. The fees include money paid to investment bankers and brokerage firms to issue new stocks or bonds plus consulting fees vou Long Term Interest $5,129 2.1% Taxes $18,533 7.5% Profit Sharing $688 0.3%
