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    yhikuy

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    yhikuy

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    © All Rights Reserved
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    28 views32,767 pages

    Exercise Aspen Industries

    Uploaded by

    SebastianALAPE
    yhikuy

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 32767

    Aspen Industries

    Income Statement
    for the Year Ended Dec/31/2004

    Sales
    Cost of Goods Sold
    Gross Profit
    Operating Expenses
    Variable Expenses
    Fixed Expenses
    Depreciation
    Earnings Before Interest and Taxes
    Interest Expense
    Earnings Before Taxes
    Taxes
    Net Income

    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $

    2004
    285,000.00
    215,000.00
    70,000.00
    59,500.00
    28,500.00
    21,000.00
    10,000.00
    10,500.00
    6,100.00
    4,400.00
    1,540.00
    2,860.00

    2004%
    100%
    75.44%
    24.56%
    20.88%
    10.00%
    7.37%
    3.51%
    3.68%
    2.14%
    1.54%
    0.54%
    1.00%

    100%

    04

    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $

    2003
    190,000.00
    143,000.00
    47,000.00
    43,500.00
    19,000.00
    20,000.00
    4,500.00
    3,500.00
    3,000.00
    500.00
    175.00
    325.00

    2003%
    100%
    75.26%
    24.74%
    22.89%
    10.00%
    10.53%
    2.37%
    1.84%
    1.58%
    0.26%
    0.09%
    0.17%
    Notes:
    Tax Rate
    Payout Ratio
    Dividends

    35%
    30%
    858

    Aspen Industries
    Balance Sheet
    As Of December 31/ 2004 and 2003
    2004
    Assets
    Cash
    Accounts Receivable
    Inventories
    Total Current Assets
    Land
    Buildings and Equipment
    Accumulated Depreciation
    Total Fixed Assets
    Total Assets
    Liabilitie s and Owne r's Equity
    Accounts Payable
    Short-term Bank Notes
    Total Current Liabilities
    Long-term Debt
    Total Liabilities
    Common Stock
    Retained Earnings
    Total shareholder's Equity
    Total Liabilities and Owner's Equity

    $
    $
    $
    $
    $
    $
    $
    $
    $

    4,000.00
    16,000.00
    42,500.00
    62,500.00
    26,000.00
    100,000.00
    (38,000.00)
    88,000.00
    150,500.00

    $
    $
    $
    $
    $
    $
    $
    $
    $

    22,298.00
    47,000.00
    69,298.00
    22,950.00
    92,248.00
    31,500.00
    26,752.00
    58,252.00
    150,500.00

    ustries
    Sheet
    2004 and 2003
    2004%
    3%
    11%
    28%
    42%
    17%
    66%
    -25%
    58%
    100%

    2003

    2003%

    $
    $
    $
    $
    $
    $
    $
    $
    $

    9,000.00
    12,500.00
    29,000.00
    50,500.00
    20,000.00
    70,000.00
    (28,000.00)
    62,000.00
    112,500.00

    8%
    11%
    26%
    45%
    18%
    62%
    -25%
    55%
    100%

    15%
    31%
    46%
    15%
    61% $
    21%
    18%
    39% $
    100% $

    10500
    17000
    27500
    28750
    56,250.00
    31500
    24750
    56,250.00
    112,500.00

    9%
    15%
    24%
    26%
    50%
    28%
    22%
    50%
    100%

    Aspen Industries
    Statement of Cash Flows
    For the Year Ended Dec. 31, 2004
    Total Cash Flows from operations
    Total Cash Flows from investing
    Total Cash Flows from Financing

    7,658
    (36,000)
    25,058
    (3,284)

    D.
    Net Income
    Retained earnings

    $ (19,890.00)
    $ (21,892.00)

    Net Income
    Retained earnings

    $
    $

    e
    2,640.00
    638.00

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