Any Takers - 2

profileachcks
section_1.xlsx
Home>Business & Finance homework help>Accounting homework help>Any Takers - 2

Riordan Balance Sheet

Riordan Manufacturing, Inc.
Consolidated Balance Sheet
Fiscal Year Ending September 30th
2010 2009 2008 2007 2006 2005 2004 2003
Assets
Current Assets
Cash $2,807,029 $1,511,253 $1,040,639 $1,442,507 $1,336,319 $305,563 $357,216 $85,632
Accounts Receivable $2,695,342 $2,644,307 $2,883,964 $4,544,138 $4,855,334 $6,062,838 $5,657,216 $6,556,160
Current Portion of Notes Receivable $102,976 $117,475 $107,107 $109,293 $95,538 $70,825 $117,888 $13,184
Inventories $8,517,203 $7,123,790 $8,305,690 $7,919,987 $7,224,947 $7,850,970 $7,854,112 $8,074,880
Deferred Income Taxes - net $0 $0 $0 $0 $0 $0 $328,832 $349,184
Pre-paid Expenses and Other Items $402,240 $458,875 $279,336 $294,038 $256,903 $264,896 $328,192 $336,128
Total Current Assets $14,524,790 $11,855,700 $12,616,736 $14,309,963 $13,769,041 $14,555,092 $14,643,456 $15,415,168
Notes Receivable, less current portion $936,168 $1,067,953 $1,102,260 $1,124,755 $986,627 $256,583 $177,408 $431,104
Investment in Joint Venture $1,609,004 $1,333,504 $1,183,504 $1,058,504 $858,504 $283,504 $133,504 $139,136
Property, Plant & Equipment - net $16,658,218 $17,767,486 $18,869,612 $18,424,594 $24,510,830 $19,114,830 $18,511,360 $19,205,120
Intangible Assets - net $904,473 $904,473 $550,590 $550,590 $550,590 $329,405 $336,128 $395,136
Other Assets $192,845 $175,314 $106,721 $108,899 $107,821 $52,768 $54,400 $51,840
Total Assets $34,825,498 $33,104,430 $34,429,423 $35,577,305 $40,783,413 $34,592,182 $33,856,256 $35,637,504
Liabilities and Stockholders' Equity
Current Liabilities
Current Portion of Long-Term Debt $474,032 $484,894 $497,480 $495,515 $538,046 $1,219,258 $1,106,304 $1,737,728
Accounts Payable $1,391,385 $1,636,923 $1,694,523 $1,783,708 $3,930,399 $3,650,073 $3,573,248 $2,676,096
Accrued Liabilities $524,685 $617,276 $638,997 $631,108 $1,390,648 $1,350,144 $1,350,144 $1,257,344
Income Taxes Payable $359,955 $99,113 $243,440 $855,504 $1,351,775 $754,619 $164,864
Total Current Liabilities $2,750,057 $2,838,206 $3,074,440 $3,765,835 $7,210,868 $6,974,094 $6,029,696 $5,836,032
Bank Line of Credit $295,865 $477,069 $598,423 $109,528 $100,836 $253,727 $487,936 $245,760
Long-Term Debt - less current portion $1,006,955 $1,354,461 $1,719,851 $1,926,618 $2,278,481 $2,763,752 $2,535,552 $4,793,856
Deferred Income Taxes - net $825,629 $917,366 $917,366 $1,067,449 $2,485,354 $2,485,354 $3,107,072 $3,283,328
Total Liabilities $4,878,506 $5,587,102 $6,310,080 $6,869,430 $12,075,539 $12,476,927 $12,160,256 $14,158,976
Common Stock (Stated par value is $.01. 20,000,000 shares authorized. Issued and Outstanding 15,801,332 net of treasury shares.) $29,055,488 $29,055,488 $29,055,488 $29,055,488 $29,055,488 $29,055,488 $29,055,488 $29,491,328
Other Accummulated Comprehensive Losses ($202,496) ($163,840)
Retained Earnings /(Accummulated Deficit) $891,504 ($1,538,160) ($936,145) ($347,613) ($347,614) ($6,940,233) ($7,156,992) ($7,848,960)
Total Stockholders' Equity $29,946,992 $27,517,328 $28,119,343 $28,707,875 $28,707,874 $22,115,255 $21,696,000 $21,478,528
Total Liabilities and Stockholders' Equity $34,825,498 $33,104,430 $34,429,423 $35,577,305 $40,783,413 $34,592,182 $33,856,256 $35,637,504

Riordan 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