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(Answered) finance


Mr.Green decided to start with the 6-year summary of HH's balance sheet and income statement(Table 17-14).Then he turened to examine in more detail the latest position (Table !7-15 and 17-16). What apper to be the problem area in HH? Do the financial ratios suggest questions that Ms.Plant and Mr.Green need to address? Table 17-14 2006 2005 2004 2003 2002 2001 Financial Highllghts for the hoddy Horse company Inc year ending March Net sales 3,351 3,314 2,845 2,796 2,493 2,160 EBIT -9 312 256 243 212 156 Interest 37 63 65 58 48 46 Taxes 3 60 46 43 39 34 Net Profit -49 189 145 142 125 76 Earings per Share -0.15 0.55 0.44 0.42 0.37 0.25 Current assets 669 469 491 435 392 423 Net Fixed assets 923 780 753 680 610 536 Total assets 1,592 1,249 1,244 1,115 1,002 959 Current laibilities 680 365 348 302 276 320 Long-term Laibilities 236 159 297 311 319 315 Stock holders' eguity 676 725 599 502 407 324 Number of stores 240 221 211 184 170 157 Employees 13057 11835 9810 9790 9075 7825 Table 17-15 Income Statement for the HOBBY HORSE COMPANY INC., For the Year Ending March 31,2006 (all items in millions of dollars) For the Year Ending March 31,2006 (all items in millions of dollars) For the Year Ending March 31,2006 (all items in millions of dollars) For the Year Ending March 31,2006 (all items in millions of dollars) For the Year Ending March 31,2006 (all items in millions of dollars) For the Year Ending March 31,2006 (all items in millions of dollars) Net sales 3,351 Cost Of Goods sold 1,990 Selling,general and administrative expenses Selling,general and administrative expenses Selling,general and administrative expenses Selling,general and administrative expenses 1,211 Depreciation expences Depreciation expences 159 Earnings before interest and taxes(EBIT) Earnings before interest and taxes(EBIT) Earnings before interest and taxes(EBIT) -9 Net Intrest Expences 37 Taxable income -46 Income taxes 3 Net Income -49 Allocation of Net income Allocation of Net income Addition to retained earnings Addition to retained earnings -49 Dividends 0 Table !7-16 Consolidated Balance Sheet For The HOBBY HORSE COMPANY, Inc Consolidated Balance Sheet For The HOBBY HORSE COMPANY, Inc Consolidated Balance Sheet For The HOBBY HORSE COMPANY, Inc Consolidated Balance Sheet For The HOBBY HORSE COMPANY, Inc Consolidated Balance Sheet For The HOBBY HORSE COMPANY, Inc Consolidated Balance Sheet For The HOBBY HORSE COMPANY, Inc Consolidated Balance Sheet For The HOBBY HORSE COMPANY, Inc (Figures are in million dollars) (Figures are in million dollars) (Figures are in million dollars) (Figures are in million dollars) (Figures are in million dollars) Assets Mar 31,2006 Mar 31,2006 Mar 31,2005 Current assets Cash and marketable securities Cash and marketable securities 14 72 Recevibles 176 194 inventaries 476 203 Total current asstes 669 469 Fixed assets Property, plant and equipment(net of Depreciation) Property, plant and equipment(net of Depreciation) Property, plant and equipment(net of Depreciation) Property, plant and equipment(net of Depreciation) 1,077 910 Less accumulated depriciation Less accumulated depriciation 154 130 Net fixed asstes 923 780 1,592 1,249 Liabilities and Shareholders Equity Liabilities and Shareholders Equity Liabilities and Shareholders Equity Mar 31,2006 Mar 31,2006 Mar 31,2005 Currents liabilities Debt Due for repayment Debt Due for repayment 484 222 Accounts payable 94 58 otther current Liabilities otther current Liabilities 102 85 Total current laibilities Total current laibilities 680 365 long-term debt 236 159 Stockholder' equity common stock and other paid in capital common stock and other paid in capital common stock and other paid in capital 155 155 retained earnings 521 570 Total stockholders equity Total stockholders equity 676 725 Total Liabilities and stockholders' equity Total Liabilities and stockholders' equity Total Liabilities and stockholders' equity 1,592 1,249
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