Business Plan

profileterrel02
FinancialStatements.xlsx

Income 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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