| | ANNUAL BALANCE SHEET |
| | ($ Thousands) |
| | | | | | | | | | 31-Dec-15 | 31-Dec-16 |
| | | | 31-Dec-15 | 31-Dec-16 |
| | ASSETS | | | | | | | Profitability Ratios (in %) |
| | Cash & Short-Term Investments | | $17.11 | $25.05 | | | | Return on equity |
| | Net Receivables | | $1.62 | $1.84 | | | | Return on assets |
| | Inventories | | $42.72 | $39.68 | | | | Return on invested capital |
| | Prepaid Expenses | | $0.00 | $0.00 | | | | Profit margin |
| | Other Current Assets | | $3.38 | $2.93 | | | | Gross margin |
| | Total Current Assets | | $64.84 | $69.49 | | | | Turnover-Control Ratios |
| | | | | | | | | Asset turnover |
| | Gross Plant, Property & Equipment | | $63.75 | $58.28 | | | | Fixed-asset turnover |
| | Accumulated Depreciation | | $36.16 | $32.61 | | | | Inventory turnover |
| | | | | | | | | Collection period (days) |
| | Net Plant, Property & Equipment | | $27.58 | $25.67 | | | | Days' sales in cash |
| | Intangibles | | $5.88 | $6.01 | | | | Payables period |
| | Other Assets | | $6.16 | $5.81 |
| | | | | | | | | Leverage and Liquidity Ratios |
| | TOTAL ASSETS | | $104.47 | $106.98 | | | | Assets to equity |
| | | | | | | | | Debt to assets |
| | LIABILITIES | | | | | | | Debt to equity |
| | Long Term Debt Due In One Year | | $0.00 | $0.00 | | | | Times interest earned |
| | Accounts Payable | | $10.59 | $11.91 | | | | Current ratio |
| | Taxes Payable | | $1.87 | $2.01 | | | | Acid test |
| | Accrued Expenses | | $7.19 | $6.91 |
| | Other Current Liabilities | | $1.88 | $1.85 |
| | Total Current Liabilities | | $21.54 | $22.67 |
| | Long Term Debt | | $6.95 | $19.79 |
| | Deferred Taxes | | $1.16 | $2.32 |
| | Other Liabilities | | $3.04 | $2.43 |
| | TOTAL LIABILITIES | | $32.68 | $47.21 |
| | EQUITY |
| | Common Stock | | $0.07 | $0.06 |
| | Capital Surplus | | $27.25 | $24.31 |
| | Retained Earnings | | $73.89 | $61.10 |
| | Less: Treasury Stock | | $29.42 | $25.71 |
| | TOTAL EQUITY | | $71.79 | $59.77 |
| | TOTAL LIABILITIES & EQUITY | | $104.47 | $106.98 |
| | Common Shares Outstanding | | $5.14 | $5.05 |
| | Annual Income Statement |
| | ($ Thousands, except per share ) |
| | Sales | | $179.24 | $164.28 |
| | Cost of Goods Sold | | $95.71 | $91.99 |
| | Gross Profit | | $83.53 | $72.29 |
| | Selling, General, & Administrative Exp. | | $56.36 | $50.65 |
| | Operating Income Before Deprec. | | $27.17 | $21.64 |
| | Depreciation,Depletion,&Amortization | | $5.85 | $5.89 |
| | Operating Profit | | $21.33 | $15.74 |
| | Interest Expense | | $0.88 | $0.56 |
| | Non-Operating Income/Expense | | $0.93 | $0.31 |
| | Special Items | | $0.00 | $0.00 |
| | Pretax Income | | $21.38 | $15.49 |
| | Total Income Taxes | | $7.23 | $5.60 |
| | Income Before Extraordinary |
| | Items & Discontinued Operations | | $14.15 | $9.90 |
| | Savings Due to Common Stock Equiv. | | $0.00 | $0.00 |
| | Adjusted Net Income | | $14.15 | $9.90 |
| | EPS Basic from Operations | | $0.26 | $0.19 |
| | EPS Diluted from Operations | | $0.25 | $0.19 |
| | Dividends Per Share | | $0.02 | $0.00 |
| | Com Shares for Basic EPS | | $5.06 | $5.12 |
| | Com Shares for Diluted EPS | | $5.21 | $5.27 |
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BUS522Unit2WickedGoodCupCakesIncome_BalanceSheet11.xlsx
