XACC 291 Ratio Analysis Memo for Riordan Mfg- For Abhishek Jain

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Income Statment

Riordan Manufacturing, Inc.
Income Statement For the 12 months ending September 30th
Fiscal Year Ending September 30th
2010 2009 2008 2007 2006 2005 2004 2003 2002
Sales $56,534,254 $50,468,000 $61,727,010 $61,127,960 $60,642,820 $50,823,685 $46,044,288 $43,418,370 $39,481,276
Direct Cost of Goods Sold $43,970,250 $39,345,460 $48,324,660 $42,462,480 $41,843,546 $42,037,624 $37,480,050 $34,517,604 $30,953,320
Gross Margin $12,564,004 $11,122,540 $13,402,350 $18,665,480 $18,799,274 $8,786,061 $8,564,238 $8,900,766 $8,527,956
Operating Expenses
Sales, Marketing & Other $1,265,348 $1,405,942 $1,528,198 $1,455,427 $1,212,856 $1,012,974 $920,886 $1,085,459 $1,105,476
Depreciation $1,152,125 $1,152,125 $1,144,983 $1,122,235 $1,099,378 $343,445 $349,937 $329,980 $312,612
Quality Assurance $1,112,247 $1,208,964 $1,422,311 $1,376,874 $1,359,876 $1,139,688 $1,095,854 $1,033,357 $1,085,459
Research & Development $962,627 $1,069,585 $1,125,879 $1,093,086 $1,061,249 $911,676 $828,797 $868,367 $1,065,994
General & Administrative $4,674,293 $5,193,659 $5,770,732 $5,642,402 $5,700,306 $1,706,953 $1,524,066 $1,085,459 $829,107
Machining & Systems $125,050 $191,244 $197,159 $198,150 $685,070 $628,505 $598,576 $477,602 $434,294
Total Operating Expenses $9,291,690 $10,221,519 $11,189,262 $10,888,174 $11,118,735 $5,743,241 $5,318,116 $4,880,224 $4,832,942
Profit Before Interest & Taxes $3,272,314 $901,021 $2,213,088 $7,777,306 $7,680,539 $3,042,820 $3,246,122 $4,020,542 $3,695,014
Non-Operating Expenses
Interest Expense $121,533 $149,962 $134,816 $157,605 $179,312 $143,175 $230,221 $217,092 $197,406
Taxes $719,909 $198,225 $486,879 $1,711,007 $1,689,719 $943,274 $1,025,406 $1,293,173 $1,189,186
Total Non-Operating Expenses $841,442 $348,187 $621,695 $1,868,612 $1,869,031 $1,086,449 $1,255,627 $1,510,265 $1,386,592
Net Profit After Taxes $2,430,872 $552,834 $1,591,393 $5,908,694 $5,811,508 $1,956,371 $1,990,495 $2,510,277 $2,308,422
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