Business Plan
terrel02
FinancialStatements.xlsxIncome Statement
| Consolidated Statements of Operations - USD ($) $ in Thousands | |||||||||
| Oct. 28, 2016 | % | Nov. 03, 2017 | % | Nov. 02, 2018 | % | Average Percentage | Nov. 02, 2020 | ||
| Net sales | $ 140,063 | $ 167,223 | $ 174,257 | ||||||
| Cost of products sold | 84,850 | 105,637 | 117,751 | ||||||
| Gross margin | 55,213 | 61,586 | 56,506 | ||||||
| Selling, general and administrative expenses | 44,377 | 48,816 | 49,929 | ||||||
| Gain on sale of property, plant and equipment | (58) | (6,236) | |||||||
| Income before taxes | 10,836 | 12,828 | 12,813 | ||||||
| Provision for (benefit on) income taxes | 3,066 | 3,999 | 6,296 | ||||||
| Net income | $ 7,770 | $ 8,829 | $ 6,517 | ||||||
| Enter ratios in columns B, D, and F | |||||||||
| Profit Margin Ratio | |||||||||
| Gross Profit (margin) Ratio | |||||||||
| Return on Assets | X | ||||||||
| Return on Equity | X | ||||||||
| Inventory Turnover | X | ||||||||
| Days’ Sales in Inventory | X | ||||||||
| Receivables Turnover | X | ||||||||
| Days’ Sales in receivables | X |
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Balance Sheet
| Consolidated Balance Sheets - USD ($) $ in Thousands | Oct. 28, 2016 | Nov. 03, 2017 | Nov. 02, 2018 | |||
| Current assets: | ||||||
| Cash and cash equivalents | $ 6,985 | $ 12,109 | $ 8,179 | |||
| Accounts receivable, less allowance for doubtful accounts of $146, $17, $30, and $33 respectively and promotional allowances of $3,061, $2,271, $2,537, and $2,122 respectively. | 16,582 | 19,148 | 20,293 | |||
| Inventories, net | 24,081 | 23,016 | 23,413 | |||
| Prepaid expenses | 937 | 1,550 | 1,331 | |||
| Total current assets | 48,585 | 55,823 | 53,216 | |||
| Property, plant and equipment, net of accumulated depreciation and amortization of $60,454, $62,330, $63,722, and $66,337, respectively | 10,362 | 18,571 | 32,638 | |||
| Other non-current assets | 13,775 | 13,111 | 11,630 | |||
| Deferred income taxes | 14,532 | 10,040 | 4,010 | |||
| Total assets | 87,254 | 97,545 | 101,494 | |||
| Current liabilities: | ||||||
| Accounts payable | 4,085 | 5,365 | 7,655 | |||
| Accrued payroll, advertising and other expenses | 4,089 | 4,555 | 4,577 | |||
| Income taxes payable | 130 | 216 | 155 | |||
| Current portion of non-current liabilities | 3,918 | 6,108 | 5,980 | |||
| Total current liabilities | 12,222 | 16,244 | 18,367 | |||
| Non-current liabilities | 36,123 | 25,263 | 17,447 | |||
| Total liabilities | 48,345 | 41,507 | 35,814 | |||
| Shareholders’ equity: | ||||||
| Preferred stock, without par value Authorized, - 1,000 shares; issued and outstanding – none | ||||||
| Common stock, $1.00 par value Authorized, - 20,000 shares; issued and outstanding – 9,076 and 9,080 | 9,134 | 9,134 | 9,134 | |||
| Capital in excess of par value | 8,298 | 8,298 | 8,298 | |||
| Retained earnings | 48,073 | 56,902 | 65,948 | |||
| Accumulated other comprehensive loss | (26,596) | (18,296) | (17,700) | |||
| Total shareholders’ equity | 38,909 | 56,038 | 65,680 | |||
| Total liabilities and shareholders’ equity | $ 87,254 | $ 97,545 | $ 101,494 | |||
| Enter ratios in columns C, E, and G | ||||||
| Current Ratio | ||||||
| Quick Ratio | ||||||
| Cash Ratio | ||||||
| Debt to Equity Ratio | ||||||
| Debt Ratio |
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