Condensed balance sheet and
income statement data for Sadecki Corporation are presented here and following.
SADECKI CORPORATION
Balance Sheets
December 31
Assets 2014 2013
Cash $ 32,006 $ 24,006
Receivables (net) 81,390 73,390
Other current assets 101,390 84,390
Long-term investments 62,000 60,000
Property, plant, and equipment (net) 521,390 481,390
Total assets $ 798,176 723,176
Liabilities and Stockholders’ Equity
Current liabilities $ 79,006 $ 74,006
Long-term liabilities 91,390 101,390
Common stock 341,390 311,390
Retained earnings 286,390 236,390
Total liabilities and stockholders’ equity $ 798,176 $ 723,176
Balance Sheets
December 31
Assets 2014 2013
Cash $ 32,006 $ 24,006
Receivables (net) 81,390 73,390
Other current assets 101,390 84,390
Long-term investments 62,000 60,000
Property, plant, and equipment (net) 521,390 481,390
Total assets $ 798,176 723,176
Liabilities and Stockholders’ Equity
Current liabilities $ 79,006 $ 74,006
Long-term liabilities 91,390 101,390
Common stock 341,390 311,390
Retained earnings 286,390 236,390
Total liabilities and stockholders’ equity $ 798,176 $ 723,176
SADECKI CORPORATION
Income Statements
For the Years Ended December 31
2014 2013
Sales revenue $794,571 $696,201
Cost of goods sold 440,000 400,000
Operating expenses (including income taxes) 240,000 220,000
Net income $ 114,571 $ 76,201
Income Statements
For the Years Ended December 31
2014 2013
Sales revenue $794,571 $696,201
Cost of goods sold 440,000 400,000
Operating expenses (including income taxes) 240,000 220,000
Net income $ 114,571 $ 76,201
Additional information:
Net cash from operating activities $131,537 $60,006
Cash used for capital expenditures $49,006 $38,000
Dividends paid $64,571 $19,006
Average number of shares outstanding 33,000 30,000
Net cash from operating activities $131,537 $60,006
Cash used for capital expenditures $49,006 $38,000
Dividends paid $64,571 $19,006
Average number of shares outstanding 33,000 30,000
Compute these values and ratios for 2013 and 2014.
(Round Earnings per share to 2 decimal places, e.g. $2.78 and Current Ratio and
Debt to assets ratio to 1 decimal place, e.g. 15.2. If answer is negative enter
it with a negative sign preceding the number e.g. -15,000 or in parentheses
e.g. (15,000).)
2013 2014
(a) Earnings per share $ $
(b) Working capital $ $
(c) Current ratio :1 :1
(d) Debt to assets ratio % %
(e) Free cash flow $ $
(a) Earnings per share $ $
(b) Working capital $ $
(c) Current ratio :1 :1
(d) Debt to assets ratio % %
(e) Free cash flow $ $
TUTORIAL PREVIEW
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Formula
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2014
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2013
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(a)
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Earnings
per share= Net Income/ No. of common shares
|
$114,571/
33,000 shares
= $2.00
|
$76,201/
30,000 shares
= $2.33
|
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