| ABC Company Income Statement |
| Period Ending | | | 31-Dec-15 | | 31-Dec-14 | | 31-Dec-13 |
| Total Sales | | | $485,651,000 | | $476,294,000 | | $475,210,000 |
| Cost of Goods Sold | | | 365,086,000 | | 358,069,000 | | 350,400,000 |
| Gross Profit | | | 120,565,000 | | 118,225,000 | | 124,810,000 |
| Selling Generall and Adminstrative | | | 93,418,000 | | 91,353,000 | | 90,343,000 |
| Operating Profit | | | 27,147,000 | | 26,872,000 | | 34,467,000 |
| Total Other Income/Expenses Net | | | 113,000 | | 119,000 | | 115,000 |
| Earnings before Interest and Taxes | | | 27,034,000 | | 26,753,000 | | 34,352,000 |
| Interest Expense | | | 2,461,000 | | 2,335,000 | | 2,200,000 |
| Income Before Tax | | | 24,573,000 | | 24,418,000 | | 32,152,000 |
| Income Tax Expense | | | 7,985,000 | | 8,105,000 | | 9,800,000 |
| Net Income from Continuing Ops | | | 16,588,000 | | 16,313,000 | | 22,352,000 |
| Discontinued Operations | | | 285,000 | | 144,000 | | 182,000 |
| Net Income (Net Profit) | | | $16,303,000 | | $16,169,000 | | $22,170,000 |
| 14,000,000 Shares outstanding |
| Market Share price per share | | | $10.00 | | $9.00 | | $8.50 |
| ABC Company Balance Sheet |
| Period Ending | | | 2015 | | 2014 | | 2013 | | | | 2015 | | 2014 | | 2013 |
| Assets | | | | | | | | | Current Liabilities |
| Current Assets | | | | | | | | | Accounts Payable | | 58,583,000 | | 57,174,000 | | 56,210,000 |
| Cash and Cash Equivalents | | | $9,135,000 | | $7,281,000 | | $6,789,000 | | Other current Liabilities | | | | 89,000 | | 55,000 |
| Net Receivables | | | 6,778,000 | | 6,677,000 | | 6,525,000 | | Short-term Debt | | 6,689,000 | | 12,082,000 | | 14,050,000 |
| Inventory | | | 45,141,000 | | 44,858,000 | | 43,989,000 | | Total Current Liabilities | | 65,272,000 | | 69,345,000 | | 70,315,000 |
| Other Current Assets | | | 2,224,000 | | 2,369,000 | | 2,199,000 | | Long-term Debt | | 43,692,000 | | 44,559,000 | | 45,324,000 |
| Total Current Assets | | | 63,278,000 | | 61,185,000 | | 59,502,000 | | Deferred Long-term Liability charges | | 8,805,000 | | 8,017,000 | | 13,553,000 |
| Property Plant and Equipment | | | 116,655,000 | | 117,907,000 | | 120,300,000 | | Monority Interest | | 4,543,000 | | 5,084,000 | | 6,875,000 |
| Goodwill | | | 18,102,000 | | 19,510,000 | | 17,900,000 | | Total Liabilities | | 122,312,000 | | 127,005,000 | | 136,067,000 |
| Other Assets | | | 5,671,000 | | 6,149,000 | | 4,500,000 |
| Total Assets | | | 203,706,000 | | 204,751,000 | | 202,202,000 | | Miscellaneous Stock Options Warrants | | 0 | | 0 | | 0 |
| | | | | | | | | | Common Stock | | 323,000 | | 323,000 | | 323,000 |
| | | | | | | | | | Retained Earnings | | 85,777,000 | | 76,566,000 | | 65,750,000 |
| | | | | | | | | | Captial Surplus | | 2,462,000 | | 2,362,000 | | 2,262,000 |
| | | | | | | | | | Other Stockholders Equity | | -7,168,000 | | -1,505,000 | | -2,200,000 |
| | | | | | | | | | Total Stockholders Equity | | 81,394,000 | | 77,746,000 | | 66,135,000 |
| | | | | | | | | | Total Liabilities & Stockholders Equity | | 203,706,000 | | 204,751,000 | | 202,202,000 |
| | | | | | | | | | # of Shares Outstanding | | 14,000,000 | | 14,000,000 | | 14,000,000 |
| | | | | | | | | | Market share price per share | | $10.00 | | $9.00 | | $8.50 |
ashanti09
MT217_Unit3_Workbook.xlsx
