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					Hermi's Bumbles, Inc.

                                       2009           2010          2011                                2007            2008            2009

Current Assets                                                                 Current Ratio                   1.41              1.44    1.56

 Cash                              $    83,000    $    44,140   $    64,770
 Accounts Receivable - Net              40,000         60,000       110,000    Quick Ratio                     0.89              0.60    0.75

 Inventories                            80,000        160,000       200,000
 Other current assets                    5,000          8,000         8,000    ROA                                              15.45   14.81

Total Current Assets                   208,000        272,140       382,770
                                                                               ROE                                              70.80   47.96

Net Fixed Assets                       180,000        220,000       240,000
                                                                               Debt/ Equity                                     73.50   65.64

Other Assets                            10,000         10,000        10,000
                                                                               P/E

Total Assets                       $ 398,000      $ 502,140     $   632,770
                                                                               Rec Turn                                         14.00   12.94

Current Liabilities                                                            Average Collect Period                           26.07   28.20

 Accounts Payable                  $ 100,000      $ 150,000     $   210,000
 Other Payables                       38,000         32,000          28,000    Inventory Turn                                    3.00    3.82

 Current Portion- Long Term Debt      10,000         10,000          10,000    Av Days Sales- Inv                              121.67   95.56

Total Current Liabilities            148,000        192,000         248,000
                                                                               EPS                             (4.67)            5.85    7.05

Long-Term Debt- Net of Current
                     Maturities        190,000        180,000       170,000

Total Liabilities                      338,000        372,000       418,000

Owners' Equity
 Common Stock                          120,000        120,000       120,000
 Retained Earnings                     (60,000)        10,140        94,770
Total Owners' Equity                    60,000        130,140       214,770

                                    $
Total Liabilities and Owners' Equity 398,000      $ 502,140     $   632,770
                                           -              -                -

Sales                              $ 400,000      $ 700,000     $ 1,100,000
Cost of sales                        240,000        360,000         687,500
Gross Margin                         160,000        340,000         412,500

Operating Expenses
 Salaries and wages                     80,000        100,000       110,000
 Rent                                   48,000         48,000        48,000
 Utilities                              18,000         19,000        20,000
 Advertising                            15,000         20,000        25,000
 Vehicle expenses (Gas, oil etc)        13,000         26,000        29,000
 Depreciation                           10,000         10,000        15,000
 Other Operating Expenses               12,000         18,000        23,000
Total Operating Expenses               196,000        241,000       270,000

Income From Operations                 (36,000)        99,000       142,500
Other Expenses
  Interest                           (24,000)   (22,800)            (21,600)
Income Before Taxes                  (60,000)    76,200             120,900
Income Tax Expense                       -        6,060              36,270
Net Income                         $ (60,000) $ 70,140 $             84,630
Hermi's Bumbles, Inc.

Current Ratio

                                          Total Current Assets

                                         Total Current Liabilities


Acid Test Ratio or Quick Ratio

                                     Total Current Assets - Inventory

                                         Total Current Liabilities


Accounts Receivable
          Turnover or Turn
                                                  Sales

                                   Average Net Accounts Receivable


Average Collection Period
                                                   365

                                        Accounts Receivable Turn


Inventory Turnover or Turn
                                           Cost of Goods Sold

                                            Average Inventory

Average Days' Sales in Inventory
                                                   365

                                           Inventory Turnover
Return on Assets       ROA
                                        Net Income

                                   Average Total Assets


Return on Equity       ROE              Net Income

                              Average Total Owners' Equity


Leverage
           Debt to Equity
                                      Total Liabilities

                             Total Liabilities & Owners' Equity


Book Value per Share
                                   Total Owners' Equity

                                  Total # of Shares of
                               Common Stock Outstanding


Earnings Per Share     EPS
                                        Net Income

                                 Average # of Shares of
                               Common Stock Outstanding


Price Earnings Ratio   P/E
                              Current Market Price Per Share

                                    Earnings Per Share
P/E means investment at current            1
    market price would earn
    (assumes no growth)           Price Earnings Ratio
    2007     2008    2009



=   1.41     1.42    1.54




=   0.86     0.58    0.74




=   20.00    14.00   12.94
    times    times   times




=   18.25    26.07   28.20
     days     days    days




=   6.00      3.00   3.82
    times   times    times



=   60.83   121.67   95.56
     days   days      days
=   -30.15%    15.58%   14.91%




=   -200.00%   73.78%   49.07%




=   84.92%     74.08%   66.06%




=    $5.00     $10.85   $17.90




=   ($5.00)    $5.85    $7.05




=                        2.27
=   44.08%
Window Dressing

       Cash                    $300,000   Accounts Payable
       Accounts Receivable      100,000   Other Payables
       Inventory                100,000
       Total Current Assets     500,000   Total Current Liabilities


Current Ratio           1.25




       Cash                    $100,000   Accounts Payable
       Accounts Receivable      100,000   Other Payables
       Inventory                100,000
       Total Current Assets     300,000   Total Current Liabilities


Current Ratio           1.50
nts Payable          $200,000
Payables              200,000

urrent Liabilities    400,000




nts Payable                $0
Payables              200,000

urrent Liabilities    200,000
Window Dressing

       Cash                    $300,000   Accounts Payable
       Accounts Receivable      100,000   Other Payables
       Inventory                200,000
       Total Current Assets     600,000   Total Current Liabilities


Current Ratio           1.50




       Cash                    $100,000   Accounts Payable
       Accounts Receivable      100,000   Other Payables
       Inventory                200,000
       Total Current Assets     400,000   Total Current Liabilities


Current Ratio           2.00
nts Payable          $200,000
Payables              200,000

urrent Liabilities    400,000




nts Payable                $0
Payables              200,000

urrent Liabilities    200,000
                              2011            2011            2011
                            Current     Borrow The Money   Issue Stock
Sales                      1,100,000
COGS                        687,500
Gross Margin                412,500

Total Operating Expenses   270,000

Operating Income             142,500
Other Expenses
  Interest Expense           (21,600)
Income Before Taxes          120,900
Tax Expense                   36,270
Net Income                    84,630

Shares Outstanding            12,000

Earnings Per Share              7.05


 Balance Sheet
Current Assets               382,770
Non-Current Assets           250,000
Total Assets                 632,770

Current Liabilities          248,000
Long-term Debt               170,000
Total Liabilities            418,000

Common Stock                 120,000
Retained Earnings             94,770
Total Owners' Equity         214,770
Total Liab and O/E           632,770

           Ratios

Current Ratio                   1.54

ROA                           14.91%

ROE                           49.07%

Debt to Equity                66.06%
                            2009             2010
                           Current     Borrow The Money

Sales                      1,100,000           2,200,000
Cost of sales                687,500           1,375,000
Gross Margin                 412,500             825,000

Total Operating Expenses    270,000             432,000

Operating Income            142,500             393,000
Other Expenses
  Interest Expense          (21,600)            117,600
Income Before Taxes         120,900             510,600
Tax Expense                  36,270             153,180
Net Income                   84,630             357,420

Shares Outstanding           12,000              12,000

Earnings Per Share              7.05              29.79


 Balance Sheet
Current Assets              382,770            1,077,570
Non-Current Assets          250,000              650,000
Total Assets                632,770            1,727,570

Current Liabilities         248,000              652,800
Long-term Debt              170,000              860,000
Total Liabilities           418,000            1,512,800

Common Stock                120,000              120,000
Retained Earnings            94,770               94,770
Total Owners' Equity        214,770              214,770
Total Liab and O/E          632,770            1,727,570

           Ratios

Current Ratio                   1.54                1.65

ROA                          14.91%              30.29%

ROE                          49.07%             166.42%
Debt to Equity   66.06%   87.57%
   2010
Issue Stock
                           Current     Borrow The Money    Issue Stock

Sales                      1,100,000
Cost of sales                687,500
Gross Margin                 412,500

Total Operating Expenses    270,000

Operating Income            142,500
Other Expenses
  Interest Expense          (21,600)
Income Before Taxes         120,900
Tax Expense                  36,270
Net Income                   84,630

Shares Outstanding           12,000

Earnings Per Share              7.05


 Balance Sheet
Current Assets              382,770            1,077,570        981,570
Non-Current Assets          250,000              650,000        650,000
Total Assets                632,770            1,727,570      1,631,570

Current Liabilities         248,000              652,800        456,800
Long-term Debt              170,000              860,000        160,000
Total Liabilities           418,000            1,512,800        616,800
Common Stock                120,000              120,000        920,000
Retained Earnings            94,770               94,770         94,770
Total Owners' Equity        214,770              214,770      1,014,770
Total Liab and O/E          632,770            1,727,570      1,631,570

          Ratios

Current Ratio                   1.54

ROA                          14.91%

ROE                          49.07%

Debt to Equity               66.06%
                                             2010
                           Current     Borrow The Money     Issue Stock

Sales                      1,100,000           2,200,000       2,200,000
Cost of sales                687,500           1,375,000       1,375,000
Gross Margin                 412,500             825,000         825,000

Total Operating Expenses    270,000             432,000         432,000

Operating Income            142,500             393,000         393,000
Other Expenses
  Interest Expense          (21,600)            (117,600)       (21,600)
Income Before Taxes         120,900              275,400        371,400
Tax Expense                  36,270               82,620        111,420
Net Income                   84,630              192,780        259,980

Shares Outstanding           12,000              12,000          22,000

Earnings Per Share              7.05               16.07          11.82


 Balance Sheet
Current Assets              382,770            1,077,570         981,570
Non-Current Assets          250,000              650,000         650,000
Total Assets                632,770            1,727,570       1,631,570

Current Liabilities         248,000              652,800         456,800
Long-term Debt              170,000              860,000         160,000
Total Liabilities           418,000            1,512,800         616,800
Common Stock                120,000              120,000         920,000
Retained Earnings            94,770               94,770          94,770
Total Owners' Equity        214,770              214,770       1,014,770
Total Liab and O/E          632,770            1,727,570       1,631,570

          Ratios

Current Ratio                   1.54                1.65            2.15

ROA                          14.91%              16.33%          22.96%

ROE                          49.07%              89.76%          42.29%

Debt to Equity               66.06%              87.57%          37.80%
                           Current     Borrow The Money    Issue Stock

Sales                      1,100,000           2,200,000      2,200,000
Cost of sales                687,500           1,375,000      1,375,000
Gross Margin                 412,500             825,000        825,000

Total Operating Expenses    270,000             432,000        432,000

Operating Income            142,500             393,000        393,000
Other Expenses
  Interest Expense          (21,600)            117,600        (20,400)
Income Before Taxes         120,900             510,600        372,600
Tax Expense                  36,270             153,180        111,780
Net Income                   84,630             357,420        260,820

Shares Outstanding           12,000              12,000         22,000

Earnings Per Share              7.05              29.79          11.86


 Balance Sheet
Current Assets              382,770            1,077,570        981,570
Non-Current Assets          250,000              650,000        650,000
Total Assets                632,770            1,727,570      1,631,570

Current Liabilities         248,000              652,800        456,800
Long-term Debt              170,000              860,000        160,000
Total Liabilities           418,000            1,512,800        616,800
Common Stock                120,000              120,000        920,000
Retained Earnings            94,770               94,770         94,770
Total Owners' Equity        214,770              214,770      1,014,770
Total Liab and O/E          632,770            1,727,570      1,631,570

          Ratios

Current Ratio

ROA

ROE

Debt to Equity

				
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