The following are the financial statements for Nederland Consumer Products Company for the fiscal year ended September 30, 2011.
Nederland Consumer Products Company
Income Statement for the Fiscal Year
Ended September 30, 2011
Net sales $ 67,416
Cost of goods sold 19,822
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Gross margin $ 47,594
Marketing, research, administrative exp. 13,035
Depreciation 598
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Operating income(loss) $ 33,961
Interest expense 398
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Earnings(loss) before income taxes $ 33,563
Income taxes 10,188
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Net earnings(loss) $ 23,375
- Nederland Consumer Products Company
- Balance Sheet as of September 30, 2011
- Assets: Liabilities and Stockholder's Equity:
- Cash and marketable securities $ 6,185 Accounts payable $ 3,673
- Investment securities 381 Accrued and other liabilities 8,581
- Accounts receivable 3,560 Taxes payable 2,684
- Total inventories 3,685 Debt due within one year 7,141
- Deferred income taxes 835
- Prepaid expenses & other receivables 1,903
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Total current assets $ 16,549 Total current liabilities $ 22,079
Property, plant, and equip., at cost 29,796 Long-term debt 11,159
Less: Accumulated depreciation 9,678 Deferred income taxes 2,042
____________________________________ Other non-current liabilities 2,273
Net plant and equipment $ 20,118 ____________________________
Net goodwill & other intangible assets 27,074 Total liabilities $ 37,553
Other non-current assets 2,137 Convertible Class A preferred stock 1,207
Common stock 2,049
Retained earnings 25,069
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Total stockholders' equity (deficit) $ 28,325
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Total assets $ 65,878 Total liabilities and stockholders' equity $ 65,878
Calculate all the ratios, for which industry figures are available below, for Nederland and compare the firm's ratios with the industry ratios. (Round current ratio, quick ratio, debt ratio, long term debt ratio answers to 2 decimal places, e.g. 12.25 and other answers to 1 decimal place, e.g.12.5 or 12.5%.)