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

Riordan Manufacturing, Inc. Income Statement For the 12 months ending September 30th

2011

2010

Sales

$66,608,660

$56,534,254

Direct Cost of Goods Sold

51,592,470

43,970,250

Gross Margin

$15,016,190

$12,564,004

Operating Expenses

Sales, Marketing & Other

$1,328,615

$1,265,348

Depreciation

1,378,616

1,152,125

Quality Assurance

1,151,176

1,112,247

Research & Development

1,039,637

962,627

General & Administrative

4,954,751

4,674,293

Machining & Systems

143,808

125,050

Total Operating Expenses

$9,996,603

$9,291,690

Profit Before Interest & Taxes

$5,019,587

$3,272,314

Non-Operating Expenses

Interest Expense

$604,616

$121,533

Taxes

1,104,309

719,909

Total Non-Operating Expenses

$1,708,925

$841,442

Net Profit After Taxes

$3,310,662

$2,430,872