Attached are the financial statements for Smith Company, Inc. Use the
financial statements to calculate the attached ratios. Write a couple
sentences interpreting the ratio.
Calculate and interpret the following debt ratios: debt ratio, debt-equity ratio, and times interest earned.
Calculate and interpret the following profitability ratios:
operating profit margin, net profit margin, return on assets, and return
on equity.12/31/2018 12/31/2017 12/31/2016 12/31/2015
Current Assets
Cash And Cash Equivalents
Short Term Investments
Net Receivables
Inventory
Other Current Assets
Total Current Assets
8,719,000 10,607,000 9,157,000 9,095,000
270,000 8,897,000 6,966,000 2,912,000
7,140,000 7,021,000 6,693,000 6,436,000
3,126,000 2,944,000 2,722,000 2,719,000
2,042,000
43,000
31,000
730,000
21,297,000 29,512,000 25,569,000 21,892,000
2,407,000
2,039,000
1,949,000
2,310,000
Goodwill
Intangible Assets
Other Assets
Total Assets
17,587,000
14,806,000
15,823,000
5,122,000
77,042,000
17,237,000
14,741,000
13,835,000
910,000
78,274,000
16,590,000
14,429,000
13,432,000
635,000
72,604,000
16,316,000
14,176,000
13,080,000
749,000
68,523,000
Current Liabilities
Accounts Payable
7,211,000
6,724,000
6,157,000
5,545,000
Long Term Investments
Property Plant and Equipment
Short/Current Long Term Debt
Other Current Liabilities
Total Current Liabilities
3,951,000 4,017,000 4,400,000 3,108,000
6,601,000 4,112,000 3,870,000 3,882,000
17,763,000 14,853,000 14,427,000 12,535,000
Long Term Debt
Other Liabilities
Total Liabilities
28,293,000 33,793,000 30,052,000 29,591,000
12,611,000 14,522,000 11,102,000 10,466,000
58,667,000 63,168,000 55,581,000 52,592,000
Stockholders’ Equity
Total Stockholder Equity
18,375,000 15,106,000 17,023,000 15,931,000
12/31/2018 12/31/2017 12/31/2016 12/31/2015
Revenue
Total Revenue
Cost of Revenue
Gross Profit
51,728,000 57,902,000 56,519,100 56,488,000
23,502,000 25,340,000 25,399,800 25,283,000
28,226,000 32,562,000 31,119,300 31,205,000
Operating Expenses
Selling General and Administrative
Operating Income or Loss
19,184,000 20,706,000 21,225,600 20,736,000
9,042,000 11,856,000
9,893,700 10,469,000
Income from Continuing Operations
Other Income/Expenses Net
Interest Expense
Income Before Tax
-1,148,000
1,220,000
6,674,000
-1,507,000
1,288,000
9,061,000
-1,508,400
1,207,800
7,177,500
-2,256,000
853,000
7,360,000
Income Tax Expense
Net Income
2,696,000
3,978,000
4,130,000
4,931,000
1,956,600
5,220,900
1,708,000
5,652,000
Project A
Project B
Project C
Year 0
-100,000
-250,000
-500,000
Year 1
50,000
100,000
400,000
Year 2
30,000
100,000
50,000
Year 3
30,000
50,000
50,000
Year 4
20,000
50,000
50,000
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