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    Argosy University/ Phoniex University/
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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 14 Jun 2017 My Price 14.00

analyzing the performance of SAC

Ph1(DB3)
In 1,000 words Write a memo to your superior analyzing the performance of SAC for 2010 and 2011. This analysis should be based on the information found in the consolidated financial statements. 

Download Click here for the 2010 and 2011 financial information.

Your memo should include the following financial ratios and a comparison of the ratios over the two-year period: 

  • current ratio
  • debt-to-equity ratio
  • inventory turnover (use ending inventory)
  • accounts receivable turnover (use ending accounts receivable balance)
  • gross margin percentage 

Show your calculations for each ratio and comment on SAC's performance for each ratio. Discuss other tools/methods that could be utilized to analyze the financial performance of a company.Sparklin Automotive Company

Comparative Income Statements

For Years Ended December 31, 2010 and 2011

(dollars in thousands)

Increase (Decrease)

2010 2011 Amount Percent

Sales (on account) $155,000 $168,000 $13,000 8%

Cost of Goods Sold 78750 99620 $20,870 27%

Gross Margin 76,250 68,380 -$7,870 -10%

 

Operating Expenses:

  Selling Expenses 4,200 1,560 -$2,640 -63%

  Administrative Expenses 3,500 3,000 -$500 -14%

Total Operating Expenses 7,700 4,560 -$3,140 -41%

 

Net Operating Income 68,550 63,820 -$4,730 -7%

Interest Expense 20,565 19,146 -$1,419 -7%

 

Net Income Before Taxes 47,985 44,674 -$3,311 -7%

  Less Income Taxes (34%) 16,315 15,189 -$1,126 -7%

Net Income $31,670 $29,485 -$2,185 -7%

 

Answers

Maurice Tutor
(5)
Status NEW Posted 14 Jun 2017 10:06 PM My Price 14.00

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