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Excel Assignment #1

Chapter 7 Page 288

Fundamentals of Investing

Due: 11:59 PM February 15, 2015

You have been asked to analyze the financial statements of the Dayton Corp for the 2 years ending 2012 and 2013. Below is the financial data for the two years.

Dayton Corporation

Financial Data

2012

2013

Net sales

47715

40363

Cost sales

27842

21485

SG&A Expense

8090

7708

Depreciation Expense

628

555

Interest Expense

754

792

Tax Expense

3120

3002

Cash & Equivalents

2144

2536

Receivables

5215

5017

Inventory

3579

3021

Other Current Assets

2022

2777

Plant & Equipment

18956

16707

Accumulated Depreciation

5853

5225

Intangible Assets

7746

7374

Other Non-Current Assets

10465

7700

Payables

5108

4361

Short-Term Notes Payables

4066

3319

Other Current Liabilities

2369

2029

Long-Term Debt

4798

3600

Other Non-Current Liabilities

4837

5020

Common Stock

6776

6746

Retained Earnings

16320

14832

Common Shares Outstanding

2300

2300

Current Market Price Stock

45

45

Questions:

a) Create a comparative balance sheet for the years 2013 and 2012 similar to the spreadsheet for Table 7.3, which can be viewed at www.myfinancelab.com

b) Create a comparative income statement for the years 2013 and 2012 similar to the spreadsheet for Table 7.4, which can be viewed at www.myfinancelab.com

c) Create a spreadsheet to calculate the listed financial ratios for both 2013 and 2012, similar to the spreadsheet for Table 7.6. which can be viewed at www.myfinancelab.com

Ratios

2012

2013

Current Ratio

Quick Ratio

Accounts Receivable Turnover

Inventory Turnover

Total Asset Turnover

Debt-Equity

Times Interest Earned

Net Profit Margin

Return on Equity (ROE)

Earnings per Share

Price-to-Earnings

Book Value per Share

Price-to-Book-Value