TABLE 1
Hypothetical Firms
|
BALANCE SHEET |
Average Manufacturer |
Capital-Intensive Manufacturer |
Labor-Intensive Manufacturer |
No-Profit Manufacturer |
|
CURRENT ASSETS |
||||
|
CASH |
500,000 |
500,000 |
500,000 |
500,000 |
|
RECEIVABLES |
2,400,000 |
1,200,000 |
3,200,000 |
2,400,000 |
|
INVENTORIES |
2,400,000 |
1,600,000 |
3,600,000 |
2,400,000 |
|
OTHER CURRENT ASSETS |
700,000 |
600,000 |
800,000 |
700,000 |
|
TOTAL CURRENT ASSETS |
6,000,000 |
3,900,000 |
8,100,000 |
6,000,000 |
|
PLANT & EQUIPMENT |
||||
|
Depreciable Assets |
5,600,000 |
10,000,000 |
2,800,000 |
5,600,000 |
|
Depreciation |
(2,800,000) |
(5,000,000) |
(1,400,000) |
(2,800,000) |
|
Net Depreciable Assets |
2,800,000 |
5,000,000 |
1,400,000 |
2,800,000 |
|
Land |
200,000 |
100,000 |
200,000 |
200,000 |
|
Net Depreciable Assets + Land |
3,000,000 |
5,100,000 |
1,600,000 |
3,000,000 |
|
Other Assets |
1,000,000 |
1,000,000 |
300,000 |
1,000,000 |
|
Total Fixed Assets |
4,000,000 |
6,100,000 |
1,900,000 |
4,000,000 |
|
TOTAL ASSETS |
10,000,000 |
10,000,000 |
10,000,000 |
10,000,000 |
|
CURRENT LIABILITIES |
||||
|
Accounts Payable |
1,200,000 |
1,200,000 |
1,200,000 |
1,200,000 |
|
Short-term loans |
1,000,000 |
1,000,000 |
1,000,000 |
1,000,000 |
|
Other Current Liabilities |
900,000 |
900,000 |
900,000 |
900,000 |
|
Total Current Liabilities |
3,100,000 |
3,100,000 |
3,100,000 |
3,100,000 |
|
LONG -TERM DEBT |
1,500,000 |
1,500,000 |
1,500,000 |
1,500,000 |
|
OTHER NON-CURRENT LIABILITIES |
400,000 |
400,000 |
400,000 |
400,000 |
|
TOTAL LIABILITIES |
5,000,000 |
5,000,000 |
5,000,000 |
5,000,000 |
|
EQUITY |
||||
|
Shares, Paid-in Capital |
1,200,000 |
1,200,000 |
1,200,000 |
1,200,000 |
|
Retained Earnings |
3,800,000 |
3,800,000 |
3,800,000 |
3,800,000 |
|
TOTAL EQUITY |
5,000,000 |
5,000,000 |
5,000,000 |
5,000,000 |
|
TOTAL LIABILITIES & EQUITY |
10,000,000 |
10,000,000 |
10,000,000 |
10,000,000 |
|
INCOME STATEMENT |
||||
|
SALES |
15,000,000 |
10,000,000 |
30,000,000 |
14,000,000 |
|
COST OF GOODS |
(10,500,000) |
(6,000,000) |
(22,500,000) |
(10,500,000) |
|
GROSS PROFIT |
4,500,000 |
4,000,000 |
7,500,000 |
3,500,000 |
|
GENERAL EXPENDITURES |
(3,500,000) |
(3,000,000) |
(6,500,000) |
(3,500,000) |
|
INCOME BEFORE ALL TAXES |
1,000,000 |
1,000,000 |
1,000,000 |
- |
|
DETAIL |
||||
|
INVENTORY |
||||
|
Raw Materials |
360,000 |
240,000 |
540,000 |
360,000 |
|
Goods in Process |
240,000 |
160,000 |
360,000 |
240,000 |
|
Finished Goods & Resale |
1,680,000 |
1,120,000 |
2,520,000 |
1,680,000 |
|
Supplies |
120,000 |
80,000 |
180,000 |
120,000 |
|
2,400,000 |
1,600,000 |
3,600,000 |
2,400,000 |
|
|
DEPRECIABLE ASSETS |
||||
|
Buildings |
1,900,000 |
4,000,000 |
1,000,000 |
1,900,000 |
|
Depreciation |
(950,000) |
(2,000,000) |
(500,000) |
(950,000) |
|
Net Buildings |
950,000 |
2,000,000 |
500,000 |
950,000 |
|
Personal Property |
3,700,000 |
6,000,000 |
1,800,000 |
3,700,000 |
|
Depreciation |
(1,850,000) |
(3,000,000) |
(900,000) |
(1,850,000) |
|
Net Personal Property |
1,850,000 |
3,000,000 |
900,000 |
1,850,000 |
|
Total Net Depreciable Assets |
2,800,000 |
5,000,000 |
1,400,000 |
2,800,000 |
|
PERSONAL PROPERTY |
||||
|
Manufacturing Machinery & Equipment |
1,610,000 |
2,760,000 |
700,000 |
1,610,000 |
|
Non-Manufacturing Machinery & Equipment |
120,000 |
120,000 |
100,000 |
120,000 |
|
Computer |
50,000 |
50,000 |
50,000 |
50,000 |
|
Furniture & Fixtures |
70,000 |
70,000 |
50,000 |
70,000 |
|
Total Personal Property |
1,850,000 |
3,000,000 |
900,000 |
1,850,000 |
|
Purchase Rate (% of Net Personal Property) |
30% |
30% |
30% |
30% |
|
Purchased Electricity (%of Assets) |
1.5% |
1.5% |
1.0% |
1.5% |
TABLE 1
Hypothetical Firms (Cont)
|
BALANCE SHEET |
High-Debt Manufacturer |
Retail Firm |
Wholesale Firm |
Pulp, Paper & Board Mills |
|
CURRENT ASSETS |
||||
|
CASH |
500,000 |
750,000 |
500,000 |
100,000 |
|
RECEIVABLES |
2,400,000 |
1,650,000 |
3,300,000 |
790,000 |
|
INVENTORIES |
2,400,000 |
3,700,000 |
3,200,000 |
530,000 |
|
OTHER CURRENT ASSETS |
700,000 |
400,000 |
600,000 |
950,000 |
|
TOTAL CURRENT ASSETS |
6,000,000 |
6,500,000 |
7,600,000 |
2,370,000 |
|
PLANT & EQUIPMENT |
||||
|
Depreciable Assets |
5,600,000 |
4,400,000 |
2,600,000 |
5,900,000 |
|
Depreciation |
(2,800,000) |
(2,200,000) |
(1,300,000) |
(2,710,000) |
|
Net Depreciable Assets |
2,800,000 |
2,200,000 |
1,300,000 |
3,190,000 |
|
Land |
200,000 |
400,000 |
200,000 |
140,000 |
|
Net Depreciable Assets + Land |
3,000,000 |
2,600,000 |
1,500,000 |
3,330,000 |
|
Other Assets |
1,000,000 |
900,000 |
900,000 |
4,300,000 |
|
Total Fixed Assets |
4,000,000 |
3,500,000 |
2,400,000 |
7,630,000 |
|
TOTAL ASSETS |
10,000,000 |
10,000,000 |
10,000,000 |
10,000,000 |
|
CURRENT LIABILITIES |
||||
|
Accounts Payable |
1,200,000 |
1,400,000 |
2,500,000 |
750,000 |
|
Short-term loans |
1,000,000 |
2,200,000 |
1,800,000 |
560,000 |
|
Other Current Liabilities |
900,000 |
700,000 |
700,000 |
1,400,000 |
|
Total Current Liabilities |
3,100,000 |
4,300,000 |
5,000,000 |
2,710,000 |
|
LONG -TERM DEBT |
3,000,000 |
1,700,000 |
1,000,000 |
2,150,000 |
|
OTHER NON-CURRENT LIABILITIES |
400,000 |
700,000 |
300,000 |
1,100,000 |
|
TOTAL LIABILITIES |
6,500,000 |
6,700,000 |
6,300,000 |
5,960,000 |
|
EQUITY |
||||
|
Shares, Paid-in Capital |
1,000,000 |
700,000 |
800,000 |
2,700,000 |
|
Retained Earnings |
2,500,000 |
2,600,000 |
2,900,000 |
1,340,000 |
|
TOTAL EQUITY |
3,500,000 |
3,300,000 |
3,700,000 |
4,040,000 |
|
TOTAL LIABILITIES & EQUITY |
10,000,000 |
10,000,000 |
10,000,000 |
10,000,000 |
|
INCOME STATEMENT |
||||
|
SALES |
15,000,000 |
30,000,000 |
30,000,000 |
5,270,000 |
|
COST OF GOODS |
(10,500,000) |
(23,000,000) |
(24,600,000) |
(3,600,000) |
|
GROSS PROFIT |
4,500,000 |
7,000,000 |
5,400,000 |
1,670,000 |
|
GENERAL EXPENDITURES |
(3,500,000) |
(6,000,000) |
(4,400,000) |
(670,000) |
|
INCOME BEFORE ALL TAXES |
1,000,000 |
1,000,000 |
1,000,000 |
1,000,000 |
|
DETAIL |
||||
|
INVENTORY |
||||
|
Raw Materials |
360,000 |
- |
- |
80,000 |
|
Goods in Process |
240,000 |
- |
- |
50,000 |
|
Finished Goods & Resale |
1,680,000 |
3,650,000 |
3,150,000 |
374,000 |
|
Supplies |
120,000 |
50,000 |
50,000 |
26,000 |
|
2,400,000 |
3,700,000 |
3,200,000 |
530,000 |
|
|
DEPRECIABLE ASSETS |
||||
|
Buildings |
1,900,000 |
2,000,000 |
1,600,000 |
2,000,000 |
|
Depreciation |
(950,000) |
(1,000,000) |
(800,000) |
(920,000) |
|
Net Buildings |
950,000 |
1,000,000 |
800,000 |
1,080,000 |
|
Personal Property |
3,700,000 |
2,400,000 |
1,000,000 |
3,900,000 |
|
Depreciation |
(1,850,000) |
(1,200,000) |
(500,000) |
(1,790,000) |
|
Net Personal Property |
1,850,000 |
1,200,000 |
500,000 |
2,110,000 |
|
Total Net Depreciable Assets |
2,800,000 |
2,200,000 |
1,300,000 |
3,190,000 |
|
PERSONAL PROPERTY |
||||
|
Manufacturing Machinery & Equipment |
1,610,000 |
- |
- |
1,830,000 |
|
Non-Manufacturing Machinery & Equipment |
120,000 |
- |
- |
140,000 |
|
Computer |
50,000 |
10,000 |
20,000 |
60,000 |
|
Furniture & Fixtures |
70,000 |
1,190,000 |
480,000 |
80,000 |
|
Total Personal Property |
1,850,000 |
1,200,000 |
500,000 |
2,110,000 |
|
Purchase Rate (% of Net Personal Property) |
30% |
10% |
10% |
30% |
|
Purchased Electricity (%of Assets) |
1.5% |
1.0% |
1.0% |
1.5% |
TABLE 1
Hypothetical Firms (Cont)
|
BALANCE SHEET |
Industrial Chemicals & Plastics Manufacturer |
Fabricated Metal Manufacturer |
Electrical & Electronic Equipment Manufacturer |
Ship Building Manufacturer |
|
CURRENT ASSETS |
||||
|
CASH |
430,000 |
1,380,000 |
1,460,000 |
970,000 |
|
RECEIVABLES |
1,930,000 |
3,260,000 |
2,550,000 |
2,080,000 |
|
INVENTORIES |
1,480,000 |
2,150,000 |
2,320,000 |
4,800,000 |
|
OTHER CURRENT ASSETS |
460,000 |
270,000 |
500,000 |
300,000 |
|
TOTAL CURRENT ASSETS |
4,300,000 |
7,060,000 |
6,830,000 |
8,150,000 |
|
PLANT & EQUIPMENT |
||||
|
Depreciable Assets |
6,200,000 |
6,210,000 |
3,900,000 |
3,370,000 |
|
Depreciation |
(2,820,000) |
(3,880,000) |
(2,010,000) |
(1,940,000) |
|
Net Depreciable Assets |
3,380,000 |
2,330,000 |
1,890,000 |
1,430,000 |
|
Land |
200,000 |
250,000 |
100,000 |
150,000 |
|
Net Depreciable Assets + Land |
3,580,000 |
2,580,000 |
1,990,000 |
1,580,000 |
|
Other Assets |
2,120,000 |
360,000 |
1,180,000 |
270,000 |
|
Total Fixed Assets |
5,700,000 |
2,940,000 |
3,170,000 |
1,850,000 |
|
TOTAL ASSETS |
10,000,000 |
10,000,000 |
10,000,000 |
10,000,000 |
|
CURRENT LIABILITIES |
||||
|
Accounts Payable |
1,000,000 |
1,600,000 |
1,400,000 |
1,240,000 |
|
Short-term loans |
500,000 |
800,000 |
440,000 |
2,780,000 |
|
Other Current Liabilities |
700,000 |
700,000 |
1,080,000 |
900,000 |
|
Total Current Liabilities |
2,200,000 |
3,100,000 |
2,920,000 |
4,920,000 |
|
LONG -TERM DEBT |
2,000,000 |
1,100,000 |
1,290,000 |
660,000 |
|
OTHER NON-CURRENT LIABILITIES |
800,000 |
400,000 |
440,000 |
40,000 |
|
TOTAL LIABILITIES |
5,000,000 |
4,600,000 |
4,650,000 |
5,620,000 |
|
EQUITY |
||||
|
Shares, Paid-in Capital |
1,380,000 |
860,000 |
3,960,000 |
1,830,000 |
|
Retained Earnings |
3,620,000 |
4,540,000 |
1,390,000 |
2,550,000 |
|
TOTAL EQUITY |
5,000,000 |
5,400,000 |
5,350,000 |
4,380,000 |
|
TOTAL LIABILITIES & EQUITY |
10,000,000 |
10,000,000 |
10,000,000 |
10,000,000 |
|
INCOME STATEMENT |
||||
|
SALES |
12,400,000 |
24,100,000 |
15,330,000 |
23,390,000 |
|
COST OF GOODS |
(8,600,000) |
(17,100,000) |
(9,900,000) |
(17,100,000) |
|
GROSS PROFIT |
3,800,000 |
7,000,000 |
5,430,000 |
6,290,000 |
|
GENERAL EXPENDITURES |
(2,800,000) |
(6,000,000) |
(4,430,000) |
(5,290,000) |
|
INCOME BEFORE ALL TAXES |
1,000,000 |
1,000,000 |
1,000,000 |
1,000,000 |
|
DETAIL |
||||
|
INVENTORY |
||||
|
Raw Materials |
220,000 |
323,000 |
350,000 |
720,000 |
|
Goods in Process |
150,000 |
215,000 |
230,000 |
480,000 |
|
Finished Goods & Resale |
1,036,000 |
1,505,000 |
1,624,000 |
3,360,000 |
|
Supplies |
74,000 |
107,000 |
116,000 |
240,000 |
|
1,480,000 |
2,150,000 |
2,320,000 |
4,800,000 |
|
|
DEPRECIABLE ASSETS |
||||
|
Buildings |
2,108,000 |
2,100,000 |
1,320,000 |
1,150,000 |
|
Depreciation |
(958,000) |
(1,300,000) |
(680,000) |
(660,000) |
|
Net Buildings |
1,150,000 |
800,000 |
640,000 |
490,000 |
|
Personal Property |
4,092,000 |
4,110,000 |
2,580,000 |
2,220,000 |
|
Depreciation |
(1,862,000) |
(2,580,000) |
(1,330,000) |
(1,280,000) |
|
Net Personal Property |
2,230,000 |
1,530,000 |
1,250,000 |
940,000 |
|
Total Net Depreciable Assets |
3,380,000 |
2,330,000 |
1,890,000 |
1,430,000 |
|
PERSONAL PROPERTY |
||||
|
Manufacturing Machinery & Equipment |
1,940,000 |
1,330,000 |
1,080,000 |
820,000 |
|
Non-Manufacturing Machinery & Equipment |
150,000 |
100,000 |
80,000 |
60,000 |
|
Computer |
60,000 |
40,000 |
40,000 |
20,000 |
|
Furniture & Fixtures |
80,000 |
60,000 |
50,000 |
40,000 |
|
Total Personal Property |
2,230,000 |
1,530,000 |
1,250,000 |
940,000 |
|
Purchase Rate (% of Net Personal Property) |
30% |
30% |
30% |
30% |
|
Purchased Electricity (%of Assets) |
1.5% |
1.5% |
1.5% |
1.5% |
TABLE 1
Hypothetical Firms (Cont)
|
BALANCE SHEET |
Scientific Instruments Manufacturer |
Water Transportation Firm |
|
CURRENT ASSETS |
||
|
CASH |
880,000 |
1,750,000 |
|
RECEIVABLES |
2,580,000 |
1,900,000 |
|
INVENTORIES |
2,440,000 |
400,000 |
|
OTHER CURRENT ASSETS |
500,000 |
590,000 |
|
TOTAL CURRENT ASSETS |
6,400,000 |
4,640,000 |
|
PLANT & EQUIPMENT |
||
|
Depreciable Assets |
3,700,000 |
7,740,000 |
|
Depreciation |
(2,300,000) |
(4,020,000) |
|
Net Depreciable Assets |
1,400,000 |
3,720,000 |
|
Land |
100,000 |
450,000 |
|
Net Depreciable Assets + Land |
1,500,000 |
4,170,000 |
|
Other Assets |
2,100,000 |
1,190,000 |
|
Total Fixed Assets |
3,600,000 |
5,360,000 |
|
TOTAL ASSETS |
10,000,000 |
10,000,000 |
|
CURRENT LIABILITIES |
||
|
Accounts Payable |
1,300,000 |
930,000 |
|
Short-term loans |
340,000 |
870,000 |
|
Other Current Liabilities |
1,180,000 |
640,000 |
|
Total Current Liabilities |
2,820,000 |
2,440,000 |
|
LONG -TERM DEBT |
1,100,000 |
2,110,000 |
|
OTHER NON-CURRENT LIABILITIES |
510,000 |
1,230,000 |
|
TOTAL LIABILITIES |
4,430,000 |
5,780,000 |
|
EQUITY |
||
|
Shares, Paid-in Capital |
2,570,000 |
1,760,000 |
|
Retained Earnings |
3,000,000 |
2,460,000 |
|
TOTAL EQUITY |
5,570,000 |
4,220,000 |
|
TOTAL LIABILITIES & EQUITY |
10,000,000 |
10,000,000 |
|
INCOME STATEMENT |
||
|
SALES |
14,250,000 |
15,000,000 |