16
Dr. Kevin Bracker, Dr. Fang Lin and Jennifer Pursley
Income Statement
| 2016 | 2017 | |
|---|---|---|
| Sales | 15,000,000 | 20,000,000 |
| COGS | 6,000,000 | 11,000,000 |
| S&A Expenses | 3,000,000 | 3,500,000 |
| Depreciation | 2,000,000 | 2,500,000 |
| EBIT (Operating Income) | 4,000,000 | 3,000,000 |
| Taxes (30%) | 900,000 | 450,000 |
| Net Income | 2,100,000 | 1,050,000 |
| Number of Shares | 2,000,000 | 2,000,000 |
| EPS | $1.05 | $0.525 |
| Dividends per Share | $0.50 | $0.50 |
| Stock Price | $25.00 | $17.50 |
Balance Sheet
| 2016 | 2017 | |
|---|---|---|
| Cash | 3,000,000 | 3.,050,000 |
| A/R | 2,000,000 | 4,000,000 |
| Inv. | 2,000,000 | 4,000,000 |
| Cur. Assets | 7,000,000 | 11,050,000 |
| Net Prop, Plant & Equip | 10,000,000 | 11,000,000 |
| Total Assets | 17,000,000 | 22,050,000 |
| A/P | 2,500,000 | 3,500,000 |
| Accruals | 1,500,000 | 2,000,000 |
| Notes Payable | 500,000 | 1,500,000 |
| Cur. Liabilities | 4,500,000 | 7,000,000 |
| Long-Term Debt | 5,500,000 | 8,000,000 |
| Total Liabilities | 10,000,000 | 15,000,000 |
| Common Stock | 1,000,000 | 1,000,000 |
| Retained Earnings | 6,000,000 | 6,050,000 |
| Owners Equity | 7,000,000 | 7,050,000 |
| Tot. Liab. & O.E. | 17,000,000 | 22,050,000 |
