Answer Happy

А B С E L.A. GEAR Inc., Balance Sheet For your ending November 30 1998 1989 1990 $ 4,205 5 49,544 66,556 7,972 128,277 3,720 610 3,110 353 $ 100,290 139,516 17.055 257.214 9,888 1 809 8,079 Assets Cash & securities Accounts receivable Inventories Prepaid expenses Total current assets Plant property and equipment Accumulated depreciation 3 Net property plant and equipment 4 Other assets 5 Total Assets 6 7 Liabilities & Shareholders' Equity 8 Line of credit 9 Accounts payable 0 Accrued compensation 1 Accrued expenses 2 Total current liabilities 3,291 156,391 160,668 18.009 338,359 28,599 4,975 23,624 1.972 363,955 1,019 1,265 266,558 5 $ 132,406 $ $ 61,119 $ 7,748 4,136 14,855 87 858 37,400 $ 25,619 16,908 18.410 98,335 94,000 22.056 2,350 39,672 158,078 84,863 83,380 168.223 91,179 114,898 205,877 363 955 266,558 5 23 Common stock 16.247 24 Retained eamings 28,301 25 Total shareholders' equity 44,548 26 Total liabilities and shareholders' equity $ 132,406 $ 27 28 Retention Ratio 29 30 L.A. GEAR Inc., 31 Common Size Balance Sheet 32 For year ending November 30 F + 33 Assets 34 Cash & securities 35 Accounts receivable 36 Inventories 37 Prepaid expenses 38 Total current assets 39 Plant property and equipment 40 Accumulated depreciation 41 Net property plant and equipment 1988 1989 3.18% 0.13% 37.42% 37.62% 50.27% 52.34% 6.02% 6.40% 96.88% 96.49% 2.81% 3.71% 0.46% 0.68% 2.35% 3.03% F 0.77% 0.47% Income Statement 1990 0.90% 42.97% 44.15% 4.95% 92.97% 7.86% 1.37% 6.49% 0.54% Cash Flow Statement Balance Sheet 42 Other assets Background Ready

B23 x fx =B6/B$6 B С D E G 18 19 20 LA. GEAR Inc., Common Size Income Statement For year ending November 30 21 1989 100.00% 58.09% 41.91% 1990 100.00% 65.59% 34.41% Industry 100.0% 60.6% 39.4% 1988 100.00% 57.71% 42.29% 0.20% 23.57% 18.52% 1.83% 16.69% 6.84% 9.85% 22 23 Net sales 24 Cost of goods sold 25 Gross profit 26 Depreciation expense 27 Selling general and administrative 28 Operating Profit (EBIT) 29 Interest expense 30 Taxable income 31 Tax expense 32 Net Income 33 34 35 36 37 38 39 0.19% 24.83% 16.88% 1.99% 14.88% 5.96% 8.92% 0.38% 26.29% 7.75% 2.05% 5.69% 2.22% 3.47% 1.0% 23.5% 14.9% 1.6% 13.3% 6.6% 6.7% L.A. GEAR Inc., Income Statement Trends For year ending November 30 1989 1990 40 Net sales 41 Cost of goods sold 42 Gross profi 43 Depreciation expense 44 Selling general and administrative 45 Operating Profit (EBIT) 46 Interest expense 47 Taxable income 48 Tax expense 49 Net Income 175.84% 177.67% 173.33% 168.83% 190.68% 151.31% 199.95% 145.97% 303.30% 358.35% 228.17% 660.99% 349.91% 68.64% 351.37% 37.58% 140.27% 149.93% 30.87% 42.25% 50 51 52 53 54 55 56 57 58 Rackaround Balance Sheet Income Statement Cash Flow State

JX A 00 С D E L.A. GEAR Inc., Cash Flow Statement For year ending November 30 Only operating a financing cash fic verified with a bl Operating cash flows: 1989 1990 YouT Net Income Depreciation Accounts Receivable Inventory Prepaid expenses 1 Accounts payable 2 Other Assets 3 Accrued compensation 4 Accrued expenses 5 Operating cash flows $ 55,059 $ 31,338 1,199 3,394 (50,746) (56,101) (72,960) (21.152) (9,083) (954) 17,871 (707) (246) (3,563) 12,770 (14,556) 3,555 21,262 (42,581) (41,039) 16 Financing cash flows: 17 18 19 Financing cash flows Select an account from the drop down list 20 Investing cash flows 21 22 Investing cash flows 23 4,205 353 $ 353 24 Net change in cash 25 Beginning cash 26 Ending cash 27 28 29 30 31 32 33 34 35 36 37 38 Background Income Statement Cash Flow State Balance Sheet