Lundberg Corporation Statement of Financial Position December 31, 2012 and 2011
ID: 2353126 • Letter: L
Question
Lundberg CorporationStatement of Financial Position
December 31, 2012 and 2011
(in thousands of dollars)
2012 2011
Assets:
Current assets:
Cash $ 100 $ 110
Accounts receivable 210 220
Inventory 110 120
Prepaid expenses 10 10
Total current assets 430 460
Plant and equipment, net 900 880
Total Assets:
$ 1,330
$ 1,340
Liabilities and Stockholders' Equity:
Current liabilities:
Accounts payable $ 160 $ 170
Accrued liabilities 50 50
Notes payable, short term 100 90
Total current liabilities 310 310
Bonds payable 190 240
Total Liabilities: 500 550
Stockholders' Equity:
Preferred stock, $100 par value, 10% 200 200
Common stock, $1 par value 100 100
Additional paid-in capital--common stock 110 110
Retained earnings 420 380
Total Stockholders' Equity: 830 790
Total Liabilities and Stockholders' Equity: $ 1,330 $ 1,340
?
Lundberg Corporation
Income Statement
for the year ended December 31, 2012
(in thousands of dollars)
Sales (all on account) $ 1,330
Cost of goods sold 850
Gross margin 480
Selling and administrative expense 292
Net operating income 188
Interest expense 31
Net income before taxes 157
Income taxes (30%) 47
Net income $ 110
Other Facts:
Explanation / Answer
gross margin=1330-850/1330 *100=36.09%
eps= 110-20/210=0.42
p.e=mps/eps=9.36/0.42=22.28
d.p =dividend/N.I =50/110 =04545
div yield ratio= dps/mps=0.2381/9.36 =0.0254
rota=ebit/net sales =188/1330*100 =14.14%
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