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    Elvis Products International Common-Size Income Statement For The Year Ended Dec. 31, 1997 ($ 000's)

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    askdgas
    Elvis Products International's net income decreased from $128.76 thousand in 1996 to $74.22 thousand in 1997, while sales increased from $3.5 million to $3.9 million over the same period. Gross profit as a percentage of sales decreased from 18.17% to 16.67% from 1996 to 1997. Total assets increased from $1,468.80 thousand in 1996 to $1,650.80 thousand in 1997.

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    Elvis Products International Common-Size Income Statement For The Year Ended Dec. 31, 1997 ($ 000's)

    Uploaded by

    askdgas
    152 views5 pages
    Elvis Products International's net income decreased from $128.76 thousand in 1996 to $74.22 thousand in 1997, while sales increased from $3.5 million to $3.9 million over the same period. Gross profit as a percentage of sales decreased from 18.17% to 16.67% from 1996 to 1997. Total assets increased from $1,468.80 thousand in 1996 to $1,650.80 thousand in 1997.

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    Elvis Products International's net income decreased from $128.76 thousand in 1996 to $74.22 thousand in 1997, while sales increased from $3.5 million to $3.9 million over the same period. Gross profit as a percentage of sales decreased from 18.17% to 16.67% from 1996 to 1997. Total assets increased from $1,468.80 thousand in 1996 to $1,650.80 thousand in 1997.

    Copyright:

    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    152 views5 pages

    Elvis Products International Common-Size Income Statement For The Year Ended Dec. 31, 1997 ($ 000's)

    Uploaded by

    askdgas
    Elvis Products International's net income decreased from $128.76 thousand in 1996 to $74.22 thousand in 1997, while sales increased from $3.5 million to $3.9 million over the same period. Gross profit as a percentage of sales decreased from 18.17% to 16.67% from 1996 to 1997. Total assets increased from $1,468.80 thousand in 1996 to $1,650.80 thousand in 1997.

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    of 5

    Elvis Products International

    Common-size Income Statement


    For the Year Ended Dec. 31, 1997 ($ 000's)
    1997% 1997 1996% 1996
    Sales 100.00% 3900.00 100.00% 3500.00
    Cost of Goods Sold 83.33% 3250.00 81.83% 2864.00
    Gross Profit 16.67% 650.00 18.17% 636.00
    Selling and G&A Expenses 8.47% 330.30 6.86% 240.00
    Fixed Expenses 2.56% 100.00 2.86% 100.00
    Depreciation Expense 0.51% 20.00 0.54% 18.90
    EBI T 5.12% 199.70 7.92% 277.10
    Interest Expense 1.95% 76.00 1.79% 62.50
    Earnings Before Taxes 3.17% 123.70 6.13% 214.60
    Taxes @ 40% 1.27% 49.48 2.45% 85.84
    Net I ncome 1.90% 74.22 3.68% 128.76
    Elvis Products International
    Common-size Balance Sheet
    As of Dec. 31, 1997 ($ 000's)
    Assets 1997% 1997 1996% 1996
    Cash and Equivalents 3.03% 50.00 3.92% 57.60
    Accounts Receivable 24.35% 402.00 23.91% 351.20
    Inventory 50.76% 838.00 48.69% 715.20
    Total Current Assets 78.14% 1290.00 76.53% 1124.00
    Plant & Equipment 31.92% 527.00 33.43% 491.00
    Accumulated Depreciation 10.07% 166.20 9.95% 146.20
    Net Fixed Assets 21.86% 360.80 23.47% 344.80
    Total Assets 100.00% 1650.80 100.00% 1468.80
    Liabilities and Owner's Equity
    Accounts Payable 10.61% 175.20 9.91% 145.60
    Short-term Notes Payable 13.63% 225.00 13.62% 200.00
    Other Current Liabilities 8.48% 140.00 9.26% 136.00
    Total Current Liabilities 32.72% 540.20 32.79% 481.60
    Long-term Debt 25.72% 424.61 22.02% 323.43
    Total Liabilities 58.45% 964.81 54.81% 805.03
    Common Stock 27.87% 460.00 31.32% 460.00
    Retained Earnings 13.69% 225.99 13.87% 203.77
    Total Shareholder's Equity 41.55% 685.99 45.19% 663.77
    Total Liabilities and Owner's Equity 100.00% 1650.80 100.00% 1468.80
    CyberDragons
    Balance Sheet ($000)
    Assets: Liabilities & Owners' Equity:
    Cash $2,540 Accounts Payable 9,721
    Marketable securities 1,800 Notes Payable 8,500
    Accounts Receivable 18,320 Accrued taxes payable 3,200
    Inventories 27,530 Other current liabilities 4,102
    Total Current Assets 50,190 Total Current Liabilities 25,523
    Plant and Equipment 43,100 Long-term debt (bonds) 22,000
    less accum deprec. 11,400 Total Liabilities 47,523
    Net Plant & Equip. 31,700 Common Stock ($10 par) 13,000
    Total Assets 81,890 Paid in capital 10,000
    Retained earnings 11,367
    Total stockholders' equity 34,367
    Total liabilities & equity 81,890
    Sales (all credit) $112,760
    Cost of Goods Sold (85,300)
    Gross Profit 31,500
    Operating Expenses:
    Selling (6,540)
    General & Administrative (9,400)
    Total Operating Expenses (15,940)
    Earnings before interest and taxes (EBIT) 11,520
    Interest charges:
    Interest on bank notes: (850)
    Interest on bonds: (2,310)
    Total Interest charges (3,160)
    Earnings before taxes (EBT) 8,600
    Taxes (3,344)
    Net Income 5,016
    CyberDragon
    Other Information

    Dividends paid on common stock $2,800
    Earnings retained in the firm 2,216
    Shares outstanding (000) 1,300
    Market price per share 20
    Book value per share 26.44
    Earnings per share 3.86
    Dividends per share 2.15

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