LE
ON
LY
SWAN-DAVIS CORPORATION, Fundamental Concepts, CASE 72, Directed
7
TABLE 1
Historical Balance Sheets for Years Ended December 31 (Millions of Dollars) 1994 Assets Cash & Securities Accounts receivable Inventories Other current assets Total current assets Gross plant and equipment Accumulated depreciation Net plant and equipment Other assets Total assets Liabilities And Equity Accounts payable Notes payable Accruals Other current liabilities Total current liabilities $ 89.4 72.8 80.1 1.0 $243.3 $242.2 78.7 $163.5 1.0 $407.8 1995 $ 87.6 82.6 88.2 1.0 $259.4 $343.2 104.4 $238.8 1.0 $499.2 1996
NI NG IE W
$460.8 131.2 $329.6 1.0 $567.1 $ 78.3 44.7 23.7 1.0 $147.6 $137.1 1.0 1.0 $286.8 $ 86.3 $ 13.6 180.4 $194.0 $667.1
AR PR EV
$135.5 1.0 1.0 $280.2 $ 34.4 $ 11.7 172.8 $184.6 $499.2
AG
OF
Preferred stock
ER T …show more content…
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LE
$ 68.5 38.5 34.8 1.0 $142.8
ON
LY
$ 22.5 112.4 100.6 1.0 $236.5
8
SWAN-DAVIS CORPORATION, Fundamental Concepts, CASE 72, Directed
TABLE 2
Historical Income Statements for Years Ended December 31 (In Millions Except for Per Share Data) 1994 Sales Costs and expenses: COGS excluding depreciation Depreciation Selling/administrative expenses Other expenses Total costs Net operating income (EBIT) Interest Earnings before taxes (EBT) Taxes (40%) Net income before preferred dividends Dividends to preferred Net income available to common Dividends to common Additions to retained earnings $650.0 540.8 22.9 9.8 3.3 $576.7 $ 73.3 10.3 $ 63.0 25.2 1995 $589.0 1996 $572.0
AR LE
$ 61.5 13.8 $ 47.6 19.1
$ 48.8 14.5
AG
NG
CE
$ 4.8 $ 30.3
PR
$ 37.8 2.8 $ 35.1
$ 28.6 2.8 $ 25.8 $ 5.6 $ 20.2 11.7 $ 22.0
EV
$ 2.20 $ 0.48 10.0 2.18%
IE
$ $
E
OF
ER T
OP
PR
NO
1Number