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Assignment #1

The income statement shows an increase in sales from 2022 to 2023, but a decrease in operating income and profit margin. The balance sheet indicates a significant rise in total assets and liabilities, with a decrease in total equity. Key financial ratios reflect declining liquidity and profitability, alongside an increase in market capitalization.

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34 views3 pages

Assignment #1

The income statement shows an increase in sales from 2022 to 2023, but a decrease in operating income and profit margin. The balance sheet indicates a significant rise in total assets and liabilities, with a decrease in total equity. Key financial ratios reflect declining liquidity and profitability, alongside an increase in market capitalization.

Uploaded by

gradschoolsurvivors123
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Income Statement 2022 2023

Sales 9,780,132 12,658,751


Cost of Goods Sold 5,400,875 7,536,264
Research & Development 834,408 1,378,073
SG&A 1,432,189 2,076,500
Operating Income 2,112,660 1,667,914
Interest Income 8,530 19,686
Interest Expense 198,810 171,259
Net Other Expense/Incom 111,272 -12,373
Income Tax Provision 26,698 31,546
Net Income 2404574 1,814,940
Balance Sheet 2022 2023
Cash And Cash Equivalents 3,498,735 3,523,237
Net Receivables 499,142 515,381
Inventory 2,067,454 2,263,537
Other Current Assets 194,465 268,365
Property Plant and Equipment 15,036,917 20,491,616
Goodwill 0 60,237
Intangible Assets 376,145 361,502
Other Assets 991,218 1,171,497
Total Assets 22,664,076 28,655,372
Accounts Payable 1,860,341 2,390,250
Short Term Debt 2,014,773 2,095,624
Other Current Liabilities 1,960,675 3,188,866
Long Term Debt 5,860,049 9,415,700
Other Liabilities 5,054,329 5,932,540
Total Liabilities 16,750,167 23,022,980
Common Stock 161 169
Retained Earnings -2,212,062 -3,976,953
Capital Surplus 8,149,550 9,575,828
Other Stockholder Equity -23,740 33,348
Total Equity 5,913,909 5,632,392
$ - $ -
Shares Outstanding 161,560 168,800
Price per Share 262.15 308.76
Ratio Analysis 2022 2023
Current Ratio 1.07 0.86
Quick Ratio 0.72 0.56
Total Debt Ratio 0.74 0.80
Inventory Turnover 2.61 3.33
Days' Sales in Inventory 139.72 109.63
Receivables Turnover 19.59 24.56
Days' Sales in Receivables 18.63 14.86
Profit Margin 24.59% 14.34%
EBITDA Margin 21.60% 13.18%
Return on Assets 10.61% 6.33%
Return on Equity 40.66% 32.22%
Price-Earnings Ratio 17.61 28.72
Market Capitalization $42,352,954.00 $52,118,688.00

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