Ratios Compared with Industry Averages Packard Plastics, Inc., manufactures various plastic and synthetic products. Financial statement data for the firm follow: 2013 (Thousands of Dollars, Except Earnings per Share) Sales revenue $815,000 Cost of goods sold 540,000 Net income 50,500 Dividends 14,000 Earnings per share 4.04 Packard Plastics, inc. Balance Sheets (Thousands of Dollars) Dec. 31, 2013 Dec. 31, 2012 Assets Cash 54,100 $2,700 Accounts receivable (net) 66.900 60,900 Inventory 148,000 140,000 Total Current Assets 219,000 203,600 Plant assets (net) 215,000 194,000 Other assets 5.300 3,900 Total Assets $439.300 $401,500 Liabilities and Stockholders' Equity Notes payable-banks 531,000 $25.000 Accounts payable 27,600 23,000 Accrued liabilities 25.100 24,800 Total Current Liabilities 83,700 72,800 10% Bonds payable 150,000 150,000 Total Liabilities 233,700 222,800 Common stock, $10 par value (12,500.000 shares) 125.000 125,000 Retained earnings 80,600 53,700 Total Stockholders' Equity 205,600 178,700 Total Liabilities and Stockholders Equity $439,300 $401,500

Ratios Compared with Industry Averages Packard Plastics, Inc., manufactures various plastic and synthetic products. Financial statement data for the firm follow: 2013 (Thousands of Dollars, Except Earnings per Share) Sales revenue $815,000 Cost of goods sold 540,000 Net income 50,500 Dividends 14,000 Earnings per share 4.04 Packard Plastics, inc. Balance Sheets (Thousands of Dollars) Dec. 31, 2013 Dec. 31, 2012 Assets Cash 54,100 $2,700 Accounts receivable (net) 66.900 60,900 Inventory 148,000 140,000 Total Current Assets 219,000 203,600 Plant assets (net) 215,000 194,000 Other assets 5.300 3,900 Total Assets $439.300 $401,500 Liabilities and Stockholders' Equity Notes payable-banks 531,000 $25.000 Accounts payable 27,600 23,000 Accrued liabilities 25.100 24,800 Total Current Liabilities 83,700 72,800 10% Bonds payable 150,000 150,000 Total Liabilities 233,700 222,800 Common stock, $10 par value (12,500.000 shares) 125.000 125,000 Retained earnings 80,600 53,700 Total Stockholders' Equity 205,600 178,700 Total Liabilities and Stockholders Equity $439,300 $401,500

Financial Reporting, Financial Statement Analysis and Valuation

8th Edition

ISBN:9781285190907

Author:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

Publisher:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

Chapter5: Risk Analysis

Section: Chapter Questions

Problem 1AIC: Compute the values of each of the ratios in Exhibit 5.27 for Starbucks for 2012. Starbucks had 749.3...

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