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Financial Management: Assignment 1

Dear Students,
Read the instructions carefully.

General Instructions:
Students will have to submit their assignments as per the following
instruction:
1. As it is an INDIVIDUAL assignment, students will have to submit it individually
on or before 8th February 2015. (If there is Hartal, submit it
2.
3.
4.
5.
6.
7.

the next day class resumes)

Students will have to submit it at the BEGINNING of the class.


You will be penalized (50%) for being late.
DO NOT SUBMIT ANY INCOMPLETE ASSIGNMENT.
Assignment has to be hand written with a BLUE pen.
AIUB assignment cover sheet has to be attached to the assignment.
Names and IDs have to be clearly written.

If the instruction is not


assignment will be cancelled.
Regards,
Ishrat Khan

followed

properly,

your

Dear Students,
This is the balance sheet and income statement of the Butler Lumber company.
Find out its ratios and analyze them.

Butler Lumber Company

EXHIBI
T1

Operating Statements for Years Ending


December 31, 1988-1990,
(thousands of dollars)

Net
sales
Cost of goods sold
Beginning inventory
Purchas
es
Ending inventory
Total cost of goods sold
GROSS PROFIT
Operating expense (b)
Interest expense
Net income before taxes
Provision for income taxes
Net
income

1988
$1,6
97

1989
$2,0
13

183

239

1,27
8
$1,4
61
239
$1,2
22

1,52
4
$1,7
63
326
$1,4
37

475

576

1990
$2,694
326
2,042
$2,368
418
$1,950
744

425
13
$37
6

515
20
$41
7

658
33
$53
9

$31

$34

$44

EXHIBIT 2

Balance Sheets at December 31, 19881990,


(thousands of dollars)

Cash
Accounts receivable,
net
Inventory
Current assets
Property, net
Total assets
Notes payable, bank
Notes payable, Mr.
Stark
Notes Payable, trade
Accounts payable
Accrued expenses
Long-term debt, current
portion
Current liabilities
Long-term debt
Total liabilities
Net worth
Total liabilities and
net worth

1988
58

1989
49

1990
41

171
239
468
126
594

222
325
596
140
736

317
418
776
157
933

146

233

124
24

192
30

256
39

7
260
64
324
270
594

7
375
57
432
304
736

7
535
50
585
348
933

105