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ACC 291 Learning Team Assignment RATIO ANALYSIS MEMO 2015 version
- 1. ACC 291 Learning Team Assignment RATIO ANALYSIS MEMO Link : http://uopexam.com/product/acc-291-learning-team-assignment-ratio-analysis-memo/ Sample content Ratio Analysis Memo ACC/291 Ratio Analysis Memo
- 2. • Liquidity ratios ➢ Existing ratio== ➢ Acid-test, or swift, ratio= Receivables turnover = ➢ Stock turnover= • Profitability ratios ➢ Asset turnover = (Supposing Total Assets were 32,359,420 in the commencement of 2004) 2005 2004 Times Times ➢ Profit margin = 2005 2004 ➢ Return on assets = (Supposing Total Assets were 32,359,420 in the commencement of 2004) 2005 2004 ➢ Return on ordinary shareholders’ assets= 2005 2004 • Solvency ratios ➢ Liability to total assets= total liability
- 3. Total assets $12,476,927 =36% $34,592,182 ➢ Times interest earned= income before income taxes & interest expenditure Interest expenditure $3,042,820 = 21.25 times $143,175 Horizontal: RIORDAN MANUFACTURING, INC. Condensed Balance Sheet September 30 2005 2004 Amount Percent Assets: Existing Assets Cash $305,563 $357,216
- 4. ($51,653) (14.4%) Accounts Receivable 6,062,838 5,657,216 405,622 7.1% Existing Portion of Notes Receivable 70,825 117,888 (47,063) (39.9%) Stocks 7,850,970 7,854,112 (3,142) (400.0%) Delayed Income Taxes(Net) 328,832
- 5. (328,832) (100.0%) Prepaid Expenses & Other Items 264,896 328,192 (63,296) (19.2%) Total Existing Assets $14,555,092 $14,643,456 ($88,364) (.6%) Notes Receivable, Less Existing Part 256,583 177,408 79,175 44.6% Purchase of Joint Venture 283,504 133,504
- 6. 150,000 112.3% Property, Plant, & Equipment 19,114,830 18,511,360 603,470 3.2% Intangible Assets-Net 329,405 336,128 (6,723) (2.0%) Other Assets 57,768 54,400 3,368 6.1% Total Assets $34,592,182
- 7. $33,856,256 $735,926 2.1% Debts & Stockholders’ Assets Existing Debts Existing Part of Long-Term Liability $1,219,258 $1,106,304 112,954 10.2% Accounts Due 3,650,073 6,573,248 76,825 2.1% Accounts Debts 1,350,114 1,350,114 0 0
- 8. Income Taxes Due 754,619 754,619 (100.0%) Total Existing Debts $6,974,084 $6,029,696 $944,389 15.6% Bank Line of Credit 253,727 487,936 (234,209) (47.9%) Long-Term Liability-Less existing part 2,768,752 2,535,552 233,200 9.1%
- 9. Delayed Income Taxes(Net) 2,485,354 3,107,072 (621,718) (20.0%) Total Debts $12,476,927 $12,160,256 $316,671 2.6% Ordinary Shares Declared par value is $0.1 20,000,000 shares authorized Issued- Outstanding 15,801,332 Net of Treasury Shares $29,055,488 $29,055,488 0 0 Other Built up Extensive Losses
- 10. (202,496) (202,496) (100%) Built up Deficit (6,940,233) (7,156,992) (216,759) (3.0%) Total Stockholders’ Assets $22,115,255 $21,696,000 $419,255 1.9% TOTAL DEBTS & SHAREHOLDERS’ ASSETS $34,592,182 $33,856,265 $735,926 2.1% RIORDAN MANUFACTURING, INC
- 11. Condensed Income Statement For the Years Ended September 30 2005 2004 Amount Percent Sales $50,823,685 $46,044,288 $4,779,397 10.4% Direct Cost of Items Sold 42,037,624 37,480,050 4,629,574 12.4% Gross Margin $8,786,061 $8,564,238 $221,823
- 12. 2.6% Operating Sales Sales & Marketing $1,012,974 $920,886 $82,088 10.0% Depreciation 343,445 349,937 (6,492) (1.9%) Quality Assurance 1,139,688 1,095,853 43,835 4.0% Research & Development 911,676
- 13. 828,797 82,879 10.0% General & Admission 1,706,953 1,524,066 182,887 12.0% Machines & System 628,505 589,576 29,929 5.0% Total Operating Expenditure $ http://uopexam.com/product/acc-291-learning-team-assignment-ratio-analysis-memo/