1-22
FINANCIAL STATEMENT ANALYSIS
XYZ Corporation
December 31, 1993
(In Millions $)
ASSETS
1992
1993
LIABILITIES AND EQUITY
1992
1993
Cash
6.2
5.7
Accounts Payable
20.2
22.7
Marketable Securities
4.9
6.3
Notes Payable
29.6
31.5
Accounts Receivable
51.8
50.9
Accrued Wages and Taxes
2.1
2.3
Inventories
92.4
88.7
Other Current Liabilities
5.6
4.9
Prepaid Expenses
0.3
1.1
Total Current Liabilities
57.5
61.4
Other Current Assets
0.2
0.3
Total Current Assets
155.8
153.0
Long-term Debt
102.7
107.4
Preferred Stock
12.2
12.3
Gross Fixed Assets
136.2
158.8
Total Long-term Liabilities
172.4
181.1
Less Depreciation
16.0
24.9
Net Fixed Assets
120.2
133.9
Common Stock (8 Mil. Outst.)
10.4
10.4
Retained Earnings
93.2
95.4
Total Common Equity
103.6
105.8
Total Assets
276.0
286.9
Total Liabilities and Equity
276.0
286.9
Figure 1.3: XYZ Corporation Balance Sheet for Two Years
XYZ Corporation
December 31, 1993
(In Millions $)
Net Sales
287.6
Cost and Expenses:
Labor and Materials
Depreciation
Selling Expenses
General and Administrative
Lease Payments
249.3
8.9
1.6
3.2
2.1
Total Operating Costs
265.1
Net Operating Income (EBIT)
Interest Expenses
22.5
6.0
Earnings Before Taxes
Taxes (at 40%)
16.5
6.6
Net Income Before Preferred Dividend
Preferred Dividend
9.9
3.7
Net Income to Common
Common Dividend
6.2
4.0
Earnings Retained
2.2
Figure 1.4: XYZ Corporation Income Statement