4. Lan Chen Technologies Inc. Income Statement 2010 2009 Sales 878850 837000 Exp
ID: 2683293 • Letter: 4
Question
4. Lan Chen Technologies Inc.
Income Statement
2010
2009
Sales
878850
837000
Expenses Excl Depreciation & Amortization
731430
696600
EBITDA
147420
140400
Depreciation & Amortization
31445
29925
EBIT
115975
110475
Interest Expense
10470
8600
EBT
105505
101875
Taxes @ 40%
42202
40750
Net Income
63303
61125
Common Dividends
41568
39581
Addition to Retained Earnings
21735
21544
Balance Sheet
2010
2009
Assets
Cash & Cash Equivalents
49613
47250
Short Term Investments
3914
3708
Accounts Receivable
290588
276750
Inventories
146711
139725
Total Current Assets
490826
467433
Net Fixed Assets
363825
346500
Total Assets
1291950
1230408
Balance Sheet
2010
2009
Liabilities & Equity
Accounts Payable
99225
94500
Accurals
48668
46350
Notes Payable
27181
9315
Total Current Liabilities
175074
150165
Long Term Debt
103950
99000
Total Liabilities
279024
249165
Common Stock
444600
444600
Retained Earnings
99938
90000
Total Common Equity
544538
534600
Total Liabilities & Equity
823562
783765
Calculate the Return on Invested Capital in 2009 and 2010. (Points : 10)
Income Statement
2010
2009
Sales
878850
837000
Expenses Excl Depreciation & Amortization
731430
696600
EBITDA
147420
140400
Depreciation & Amortization
31445
29925
EBIT
115975
110475
Interest Expense
10470
8600
EBT
105505
101875
Taxes @ 40%
42202
40750
Net Income
63303
61125
Common Dividends
41568
39581
Addition to Retained Earnings
21735
21544
Explanation / Answer
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