1bspnbspnbspnbspnbsp property plant and equipment land


1.      Property, plant and equipment= land + buildings + machinery and equipment + construction in progress

$22,360 + $113,279 + $350,929 + $1,641= $488,209 thousand

Total PPE - accumulated depreciation = $488,209 - $298,128= $190,081 thousand

 

2.      Revenue= net product sales + rental and royalty revenue

(Projected growth rate = $548,924/$543,525= 1.010

$545,294 + $3,630= $548,924 thousand

Selling, general and administrative expense= (2014 SGA expense/2014 net product sales) x (2015 net product sales)

($117,722/$539,895) x $545,294= $118,899.22 thousand

Selling, general and administrative expense to revenue ratio = (SGA expense/revenue)

($118,899.22/$548,924)= 0.2166

3.      Accounts receivable=$43,686 thousand

4.      Non-operating parts of the balance sheet:

Cash= $174,292 thousand

Investments=$39,540 thousand

Short-term investments= none

Long-term debt=same projected as 2014= $7,500 thousand

Contributed capital (sum of common stock and additional paid in capital)= $25,892 + $15,894= $41,786 thousand

Treasury stock=same projected as 2014= -$13,098 thousand

Dividends= same projected as 2014= -$1,992 thousand

 

5.      (Assuming interest rates on debt and for investments remain the same from fiscal year 2014)

Interest income=$1,582 thousand (including dividend income)

Interest expense= -$99 thousand

6.      Income tax expense=$1,070 thousand

Retained earnings= (2014 retained earnings - 2014 dividends payable) + 2015 net earnings attributable to Tootsie Roll Industries, Inc.

$64,927 + $4,814+ $68,592= $128, 705 thousand

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Financial Accounting: 1bspnbspnbspnbspnbsp property plant and equipment land
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