A report on the company “PUMA” 1.) A financial statement review. 2.) Pro Forma f

Question

A report on the company “PUMA”

1.)    A financial statement review.

2.)     Pro Forma financial statements (Balance Sheet and Income Statement) for the next two fiscal years, assuming a 10% growth rate in sales and Cost of Goods Sold (COGS) for each of the next two years.

3) A ratio analysis for the last fiscal year using at least two ratios from each of the following categories:

a.      Liquidity

b.      Financial leverage

c.      Asset management

d.      Profitability

e.      Market value

4) Calculate Return on Equity (ROE) using the DuPont system

Please ONLY use own words, no plagerism.

Explanation / Answer

Note: Data for the last fiscal year is not available in the link provided .

Ans 2

Performa Financials (Income statement and Balance sheet)

Income Statement Q1 15 For the Whole year 2016 2017 *12 Sales          8,214.00          98,568.00 1,08,424.80 1,19,267.28 Cost of Goods Sold        -4,365.00        -52,380.00     -57,618.00     -63,379.80 Gross Profit          3,849.00          46,188.00      50,806.80      55,887.48 Royalty & commission income Assumed to be 10% growth                37.00                444.00            488.40            537.24 Other Operating income & Expense Assumd to be fixed, except for 5% inflation growth        -3,511.00        -42,132.00     -44,238.60     -46,450.53 EBIT             375.00            4,500.00         7,056.60         9,974.19 Income from Associated company Assumed to be 10% growth                  9.00                108.00            118.80            130.68 EBT             384.00            4,608.00         7,175.40      10,104.87 Taxes on Income            -108.00           -1,296.00       -2,018.08       -2,841.99 Net earnings to Non-controlling interest              -28.00              -336.00           -523.21           -736.81 Net Earnings             248.00            2,976.00         4,634.11         6,526.06 Balance Sheet Assets Q1 2015 rep as % sales 2016 2017 Sales          98,568.00 108424.8 119267.28 Cash and Cash equivalents          2,950.00 3.0%         3,245.00         3,569.50 Inventories          6,480.00 6.6%         7,128.00         7,840.80 Trade Recievables          5,964.00 6.1%         6,560.40         7,216.44 Other Current assets( Working capital)          2,003.00 2.0%         2,203.30         2,423.63 Other Current assets          1,045.00 1.1%         1,149.50         1,264.45 Current Assets       18,442.00 18.7%      20,286.20      22,314.82 Deferred tax Assets          1,954.00 2.0%         2,149.40         2,364.34 Other Non-current assets          7,340.00 7.4%         8,074.00         8,881.40 Non-Current assets          9,294.00 9.4%      10,223.40      11,245.74 Total Assets       27,736.00 28.1%      30,509.60      33,560.56 Liabilities and Equity Current financial Liabilities             599.00 0.6%            658.90            724.79 Trade Payable          4,667.00 4.7%         5,133.70         5,647.07 Other current liabilities(Working capital related)          2,332.00 2.4%         2,565.20         2,821.72 Other current liabilities          1,516.00 1.5%         1,667.60         1,834.36 Current Liabilities          9,114.00 9.2%      10,025.40      11,027.94 Deferred Taxes             698.00 0.7%            767.80            844.58 Pension provisions             270.00 0.3%            297.00            326.70 Other Non -current liabilities             281.00 0.3%            309.10            340.01 Non-Current Liabilities          1,249.00 1.3%         1,373.90         1,511.29 Shareholder equity       17,373.00 17.6%      19,110.30      21,021.33 Total       27,736.00 28.1%      30,509.60      33,560.56

Related Questions

Navigate

• Browse (All)
• Browse A
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.