Triple A Office Mart

Triple A Office Mart

Question
	

 
 
 
 
 


 Triple A Office Mart
 
 
 
 
 
 
 
 
 
 


 

 
 
 
 
 
 
 
 
 
 
 
 


 

 Income
 Statement
 1993
 1994
 1995
 1996
 
 
 
 
 
 


 

 
 Sales
  $ 38,00,000
  $ 41,80,000
  $ 48,50,000
  $ 60,00,000
 
 
 
 
 
 


 

 
  Cost of goods sold
  $ 24,60,000
  $ 29,75,000
  $ 32,00,000
  $ 41,80,000
 
 
 
 
 
 


 

 
 Gross profit
  $ 13,40,000
  $ 12,05,000
  $ 16,50,000
  $ 18,20,000
 
 
 
 
 
 


 

 
  S A and depreciation
  $ 6,84,000
  $ 8,20,000
  $ 8,98,408
  $ 10,15,467
 
 
 
 
 
 


 

 
 EBIT
  $ 6,56,000
  $ 3,85,000
  $ 7,51,592
  $ 8,04,533
 
 
 
 
 
 


 

 
  Interest Expense
  $ 30,780
  $ 30,780
  $ 42,372
  $ 35,313
 
 
 
 
 
 


 

 
 Profit before tax
  $ 6,25,220
  $ 3,54,220
  $ 7,09,220
  $ 7,69,220
 
 
 
 
 
 


 

 
  Tax Expense
  $ 1,87,566
  $ 1,06,266
  $ 2,12,766
  $ 2,30,766
 
 
 
 
 
 


 

 
 Net income
  $ 4,37,654
  $ 2,47,954
  $ 4,96,454
  $ 5,38,454
 
 
 
 
 
 


 

 
 
 
 
 
 
 
 
 
 
 
 


 

 
 
 
 
 
 
 
 
 
 
 
 


 

 Balance
 Sheet
 
 
 
 
 
 
 
 
 
 


 

 
  Cash
  $ 2,95,000
  $ 3,26,040
  $ 3,78,300
  $ 4,68,000
 
 
 
 
 
 


 

 
  Accounts Receivable
  $ 11,400
  $ 12,540
  $ 20,700
  $ 18,000
 
 
 
 
 
 


 

 
  Inventory
  $ 9,50,000
  $ 10,28,595
  $ 15,59,407
  $ 17,35,207
 
 
 
 
 
 


 

 
 Total current assets
  $ 12,56,400
  $ 13,67,175
  $ 19,58,407
  $ 22,21,207
 
 
 
 
 
 


 

 
  PPE net
  $ 4,50,000
  $ 5,01,600
  $ 5,01,600
  $ 5,03,000
 
 
 
 
 
 


 

 
 Total assets
  $ 17,06,400
  $ 18,68,775
  $ 24,60,007
  $ 27,24,207
 
 
 
 
 
 


 

 
 
 
 
 
 
 
 
 
 
 
 


 

 
  Accounts payable
  $ 1,52,000
  $ 1,67,200
  $ 1,90,000
  $ 3,00,000
 
 
 
 
 
 


 

 
  Notes payable
 
 
  $ 2,89,776
  $ 1,13,326
 
 
 
 
 
 


 

 
  Accrued wages
 &taxes
  $ 1,14,000
  $ 1,25,000
  $ 1,45,500
  $ 1,80,000
 
 
 
 
 
 


 

 
 Total current liabilities
  $ 2,66,000
  $ 2,92,200
  $ 6,25,276
  $ 5,93,326
 
 
 
 
 
 


 

 
  Long-term debt
  $ 3,42,200
  $ 3,42,000
  $ 3,42,000
  $ 3,42,000
 
 
 
 
 
 


 

 
 Total liabilities
  $ 6,08,200
  $ 6,34,200
  $ 9,67,276
  $ 9,35,326
 
 
 
 
 
 


 

 
 
 
 
 
 
 
 
 
 
 
 


 

 
  Contributed Capital
  $ 6,00,000
  $ 6,00,000
  $ 6,00,000
  $ 6,00,000
 
 
 
 
 
 


 

 
  Retained earnings
  $ 4,98,200
  $ 6,34,575
  $ 8,92,731
  $ 11,88,881
 
 
 
 
 
 


 

 
 Total Shareholders Equity
  $ 10,98,200
  $ 12,34,575
  $ 14,92,731
  $ 17,88,881
 
 
 
 
 
 


 

 
 
 
 
 
 
 
 
 
 
 
 


 

 
 Total liabilities & equity
  $ 17,06,400
  $ 18,68,775
  $ 24,60,007
  $ 27,24,207
 
 
 
 
 
 


 

 
 
 
 
 
 
 
 
 
 
 
 


 

 
 NOTE: # Shares outstanding
  1,20,000
  1,20,000
  1,20,000
  1,20,000
 
 
 
 
 
 


 

 
 
 
 
 
 
 
 
 
 
 
 


 

 
 Triple A Office Mart Ratios
 1993
 1994
 1995
 1996
 
 
 
 
 
 


 

 
 Returnd on Equity
 40%
 20.08%
 33.26%
 30.10%
 
 
 
 
 
 


 

 
 Return on Asset
 25.65%
 13.27%
 20.18%
 19.77%
 
 
 
 
 
 


 

 
 Compound Annual Av. Rate
 
 
 
 
 
 
 
 
 
 


 

 
 Profit Aftex Tax
  $ 4,37,654
  $ 2,47,954
  $ 4,96,454
  $ 5,38,454
 
 
 
 
 
 


 

 
 Earnings per share
  $ 3.65
  $ 2.07
  $ 4.14
  $ 4.49
 
 
 
 
 
 


 

 
 Dividends per share
 
 
 
 
 
 
 
 
 
 


 

 
 Profit Margin
 11.52%
 5.93%
 10.24%
 8.97%
 
 
 
 
 
 


 

 
 Current Ratio
 3.67
 4.68
 3.13
 3.74
 
 
 
 
 
 


 

 
 Quick Ratio
 1.15
 1.16
 0.64
 0.82
 
 
 
 
 
 


 

 
 Inventory Turnover
 4
 4.06379576
 3.110156617
 3.457800712
 
 
 
 
 
 


 

 



I need help finding dividends per share, compound average annual growth rate and receivable collection period for the assignment attached		
 R. collection period