Longwood Laser Engraving

Income Statements
For the Years 2008 and 2009 Alternative Solutions:
2009 2008
Sales $2,900,000 $2,350,000 Sales
Cost of Goods 2,030,000 1,645,000 Retained Earnings
Gross Profit 870,000 705,000
Depreciation 62,000 58,000
Selling & Admin. Expense 425,000 390,000 Note: To switch between the original soluti
Lease Expense 65,000 65,000 those for parts d and e just choose the appr
Net Operating Income 318,000 192,000 problem from the drop-down list. Obviousl
changes propagate to the other worksheets
Interest Expense 112,000 68,000 so you can switch to them to see how they
Earnings Before Taxes 206,000 124,000
Taxes 72,100 43,400
Net Income $133,900 $80,600

Notes:
Tax Rate 35.00% 35.00%
Shares 38,000 30,000
Earnings per Share $3.52 $2.69
 1
Revenue
Original Original 2,900,000
Part D 3,200,000
$ 2,900,000 Part E 2,900,000
$ 669,900

witch between the original solution and

arts d and e just choose the appropriate
om the drop-down list. Obviously, the
opagate to the other worksheets as well,
switch to them to see how they change.
Tax Rate
35%
35%
40%
 Longwood Laser Engraving
Balance Sheet
For the Year Ended December 31, 2009
2009 2008
Assets
Cash $52,000 $41,000
Marketable Securities 25,000 21,000
Accounts Receivable 420,000 372,000
Inventory 515,000 420,000
Total Current Assets 1,012,000 854,000
Gross Fixed Assets 2,680,000 2,170,000
Accumulated Depreciation 547,000 485,000
Net Plant & Equipment 2,133,000 1,685,000
Total Assets $3,145,000 $2,539,000

Liabilities & Owner's Equity

Accounts Payable $505,000 $310,000
Accrued Expenses 35,000 30,000
Total Current Liabilities 540,000 340,000
Long-term Debt 1,168,100 1,061,000
Total Liabilities 1,708,100 1,401,000
Common Stock ($2 par) 76,000 60,000
Additional Paid-in-Capital 691,000 542,000
Retained Earnings 669,900 536,000
Total Owner's Equity 1,436,900 1,138,000
Total Liab. & Owner's Equity $3,145,000 $2,539,000
 DV Transcoding, Inc. DV Transcoding, Inc.
Income Statement Balance Sheet
For the Year Ended December 31 2015 December 2015
2009 2009
Sales 162,100 Assets
Cost of Goods Sold 98,360 Cash 2,630
Gross Profit 63,740 Accounts Receivable 16,210
Operating Expenses 47,000 Inventories 44,000
Earnings Before Interest and Taxes 16,740 Total Current Assets 62,840
Interest Expense 6,010 Gross Fixed Assets 126,000
Earnings Before Taxes 12,880 Accumulated Depreciation 36,840
Taxes 5,152 Net Fixed Assets 89,160
Net Income 7,730 Total Assets 152,000
Liabilities and Owner's Equity
Notes: Tax Rate 40% Accounts Payable 25,000
Short-term Bank Notes 44,930
Total Current Liabilities 69,930
Long-term Debt 23,260
Common Equity 58,810
Total Liabilities and Owner's Equity 152,000

Ratio Value
Current 0.89855 Agustini Hamid:
Inventory Turnover 2.23555 =ROUND(B30*E13;-1)
A/R Turnover 10.00000
 Agustini Hamid:
=ROUND(B30*E13;-1)

Fixed Asset Turnover 1.81818

LTD To Equity 0.39545
Times Interest Earned 2.78689
Net Profit Margin 0.047688
Return on Total Assets 0.05087
Return on Equity 0.13144
Color Key:
Calculated from ratio
Calculated from formula
All others were given
Agustini Hamid:
=B11*B15

Agustini Hamid:
=ROUND(E8*B24;-1)
=ROUND(Inventories*Inve
ntory Turnover;-1)

Agustini Hamid:
=ROUND(B9/B28;-1)

Agustini Hamid:
=ROUND(B13/(1-B15);-1)