question archive Data Financial Statements ABC Inc
Data Financial Statements ABC Inc
Subject:SociologyPrice: Bought3
Data
| Financial Statements | |||||||||
| ABC Inc. | |||||||||
| Dec. 31, 2017 | Dec. 31, 2018 | Dec. 31, 2019 | |||||||
| Balance Sheet (in thousands) | $ | $ | $ | ||||||
| Assets | |||||||||
| Cash & cash equivalents | 1,512 | 1,176 | 1,097 | ||||||
| Accounts receivable | 6,237 | 10,271 | 15,919 | ||||||
| Inventories | 4,536 | 7,838 | 12,570 | ||||||
| Prepaid expenses | 3,780 | 5,140 | 6,840 | ||||||
| Total current assets | 16,065 | 24,425 | 36,426 | ||||||
| Gross fixed assets | 6,300 | 9,080 | 12,918 | ||||||
| Less: Accumulated depreciation | 2,050 | 2,958 | 4,250 | ||||||
| Net Fixed assets | 4,250 | 6,122 | 8,668 | ||||||
| Intangible assets | 567 | 588 | 605 | ||||||
| All other noncurrent assets | 1,323 | 1,790 | 1,985 | ||||||
| Total assets | 22,205 | 32,925 | 47,684 | ||||||
| Liabilities and Stockholders' Equity | |||||||||
| Accounts payable | 3,570 | 5,958 | 9,955 | ||||||
| Notes payable | 1,205 | 3,243 | 6,323 | ||||||
| Current maturities--L.T.D. | 1,008 | 1,460 | 2,246 | ||||||
| Income taxes payable | 84 | 336 | 336 | ||||||
| Accruals and other current liabilities | 1,995 | 3,360 | 5,016 | ||||||
| Total current liabilities | 7,862 | 14,357 | 23,876 | ||||||
| Long-term debt | 2,940 | 6,100 | 9,350 | ||||||
| Total liabilities | 10,802 | 20,457 | 33,226 | ||||||
| Stockholders' Equity | |||||||||
| Paid-in capital | 3,360 | 3,360 | 3,360 | ||||||
| Additional paid-in capital | 2,100 | 2,100 | 2,100 | ||||||
| Retained earnings | 5,943 | 7,008 | 8,998 | ||||||
| Total stockholders' equity | 11,403 | 12,468 | 14,458 | ||||||
| Total liabilities & stockholders' equity | 22,205 | 32,925 | 47,684 | ||||||
| 2017 | 2018 | 2019 | |||||||
| Income Statement (in thousands) | $ | $ | $ | ||||||
| Sales revenue | 50,400 | 65,100 | 81,312 | ||||||
| Less: Cost of goods sold | 35,431 | 45,872 | 57,098 | ||||||
| Gross profit | 14,969 | 19,228 | 24,214 | ||||||
| Less: Operating expenses | |||||||||
| General, Adminstration and Selling Expenses | 12,331 | 15,099 | 17,296 | ||||||
| Depreciation expense | 630 | 908 | 1,292 | ||||||
| Total operating expenses | 12,961 | 16,007 | 18,588 | ||||||
| Operating income (EBIT) | 2,008 | 3,221 | 5,626 | ||||||
| Less: Interest expense | 335 | 756 | 1,343 | ||||||
| Earnings before taxes (EBT) | 1,673 | 2,465 | 4,283 | ||||||
| Less: Income Taxes (34%) | 569 | 838 | 1,456 | ||||||
| Net income | 1,104 | 1,627 | 2,827 | ||||||
| 2017 | 2018 | 2019 | |||||||
| Selected Data from Cash Flow Statement (in thousands) | $ | $ | $ | ||||||
| Net cash from operating activities | (1,980) | (2,156) | (2,308) | ||||||
| Net cash from investment activities | (2,975) | (3,268) | (4,050) | ||||||
| Net cash from financing activities | 4,890 | 5,088 | 6,279 | ||||||
| Additional Data | |||||||||
| Number shares common stock outstanding (in thousands) | 1,120 | 1,120 | 1,120 | ||||||
| Stock price per common share at the year end | $17.25 | $17.71 | $18.43 | ||||||
| Evaluation | |||||||||
| Industry | Time- | Cross- | |||||||
| Average | series | sectional | |||||||
| Financial Ratios | 2017 | 2018 | 2019 | in 2019 | 2017-19 | 2019 | |||
| Liquidity | |||||||||
| Current ratio (times) | A | A | A | 1.6 | B | B | |||
| Quick or Acid-test ratio (times) | A | A | A | 0.8 | B | B | |||
| Asset Management | |||||||||
| Accounts receivable turnover (times) | A | A | A | 9.4 | B | B | |||
| Inventory turnover (times) | A | A | A | 3.8 | B | B | |||
| Total assets turnover | A | A | A | 1.8 | B | B | |||
| Solvency | |||||||||
| Debt ratio (%) | A | A | A | 60% | B | B | |||
| Times interest earned (times) | A | A | A | 3.4 | B | B | |||
| Profitability | |||||||||
| Operating income % | A | A | A | 5% | B | B | |||
| Return on assets (%) [before tax] | A | A | A | 7% | B | B | |||
| Return on equity (%) [before tax] | A | A | A | 18% | B | B | |||
| Earnings per common share (EPS) | A | A | A | $1.20 | B | B | |||
| Market analysis ratio | |||||||||
| Price-earnings ratio (times) | A | A | A | 10 | B | B |
