HCS 385 – Student Version
| HCS/385 | |||||
| Mason Medical | |||||
| Balance Sheet | 31-Dec-14 | 31-Dec-13 | |||
| Cash | $52,000 | $60,000 | |||
| Accounts Receivable | 198,000 | 80,000 | |||
| Marketable Securities | 80,000 | 40,000 | |||
| Inventories | 440,000 | 360,000 | |||
| Prepaids | 3,000 | 7,000 | |||
| Total Current Assets | 773,000 | 547,000 | |||
| Property, Plant, and Equipment, net | 857,000 | 853,000 | |||
| Total Assets | $1,630,000 | $1,400,000 | |||
| =========== | =========== | ||||
| Current Liabilities | $240,000 | $160,000 | |||
| Bonds Payable | 400,000 | 400,000 | |||
| Common Equity | 990,000 | 840,000 | |||
| Total Liabilities & Equity | $1,630,000 | $1,400,000 | |||
| =========== | =========== | ||||
| Income Statement | 2014 | 2013 | |||
| Sales | $1,640,000 | $1,574,000 | |||
| Cost of Goods Sold | 800,000 | 725,000 | |||
| Gross Profit | 840,000 | 849,000 | |||
| SG&A | 440,000 | 430,000 | |||
| Interest Expense | 40,000 | 25,000 | |||
| Net Income | $360,000 | $394,000 | |||
| =========== | =========== | ||||
| Key Ratios | 2014 | Industry Avg | |||
| Current Ratio | 3.220 | 2.883 | |||
| Acid Test (Quick Ratio) | 1.370 | 0.973 | |||
| Debt to Asset | 0.477 | 0.447 | |||
| Receivable Turnover | 5.890 | 13.492 | |||
| Inventory Turnover | 2.000 | 2.630 | |||
| Net Profit Margin | 0.176 | ||||
| Asset Turnover | 1.006 | 1.357 | |||
| Return on Assets | 22% | 18% | |||
| Return on Equity | 22% |
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