Problem: Look at Superior's balance sheet and analyze it. Be sure to focus on working capital, current ratio, short-term and long-term debt. End with a bullet-point summary addressing the CFO's concerns as related to these areas.
(in thousands $US)
ASSETS
2001 2002 2003
Cash and Cash Equivalents 6,900 7,300 7,800
Accounts Receivable 7,000 7,400 7,900
Inventories 47,000 51,000 54,000
Prepaid Expenses 6,500 6,800 7,000
Deferred Income Taxes 6,300 6,700 7,200
Total Current Assets 73,700 79,200 83,900
Property, Plant & Equip. 69,000 72,000 77,000
Intangible Assets 21,000 22,500 24,000
Total Assets 163,700 173,700 184,900
LIABILITIES AND EQUITY
Current Portion of Long-term Debt 1,200 1,300 1,450
Accounts Payable 27,000 29,500 33,000
Other Current Liabilities 6,000 6,300 7,500
Total Current Liabilities 34,200 37,100 41,950
Long-term Debt 3,000 3,100 3,400
Other Long-term Liabilities 5,000 6,000 7,000
Total Liabilites 42,200 46,200 52,350
Equity 121,500 127,500 132,550