AniFoods

Transactions
Financial Effects Template
-
Statement
Top Level Asset

Ac broad group Cash Non-Cash

co Marketab Other
un le Accounts current Prepaid
t transaction Cash securities Receivable Inven-tory assets Expenses

1 Penman stock 100.00

1 Penman loan 55.00
2 equip purch (10.00)
3 inv (80.00) 80.00
4 sale 60.00 40.00
4 cogs (70.00)
5 ads (10.00) 10.00
6 spots run (7.50)
7 wages (17.00)
8 owe wages
9 dep

total activity/ trial

balance 98.00 - 40.00 10.00 - 2.50

Trial balance

Cash 98.00
Short term marketable
securities -
Accounts receivable 40.00
Inventories 10.00
Other current assets 2.50
current
Long termassets
marketable 150.50
securities
Property, plant and
equipment, net 48.00
other assets -
198.50
 -
Balance Sheet
= Liabilities
= Liabilities Short Long
term deferred current term
acc. long term Other Asset Accounts Accrued Notes revenue portion of notes
PP&E Dep securities Accounts = Payable Liabilities Payable s LTD payable

55.00
50.00 40.00

1.00
(2.00)

50.00 (2.00) - - ### - 1.00 95.00 - - -

198.50

198.50 ### 198.50

Balance Sheet

Accounts payable
Accrued expenses
Deferred revenue
short term debt
current portion of long term debt
current liabilities

deferred revenues, non current

long term debt
other non-current liabilities
total liabilities
common stock and additional paid in capital
retained earnings
accumulated other comprehensive income
total shareholders' equity
total liabilities and shareholders' equity
 statement of shareholders' equity

Beginning balances
common stock issued
Net income
less dividends
OCI for current year
other adjustments

ending balance
 Income Statement
Shareholders' Equity Revenues
Contributed Earned
Capital Capital
LT Other
deferred Current Common Retained Cost of
revenues Liabilities Stock AOCI Earnings Revenues Good Sold description

###
100.00

100.00 100.00
(70.00) (70.00)

(7.50) ads
(17.00) wages
(1.00) wages
(2.00) dep exp

- - 100.00 - 2.50###
###
### 100.00 (70.00) -

Income Statement
Revenues
- Cost of Goods sold
1.00 Gross Profit
-
95.00 Expenses
- Op exp
- Operating Income
96.00

- Other inc/exp
int exp
int and div revs
96.00
100.00 pretax income
2.50
income tax exp
102.50
198.50 Net Income
Common Retained
Stock AOCI Earnings total

- - - -
Expenses Net Income

Expenses/ Net
other Income

-
-
-
-
-
100.00
(70.00)

(7.50) (7.50)
(17.00) (17.00)
(1.00) (1.00)
(2.00) (2.00)

(27.50)
### 2.50
###

100.00
(70.00)
30.00

(27.50)
2.50

-
-

2.50

2.50
 Which Company is Which?

Companies A, B, C, D, and E below are disguised versions of well known companies. Which company (A,B,C,D,E)
Identify the company and provide yo
Consulting company - working mostly with leading global cliB (Accenture)
no R&D, low operating expenses, high cost of
Luxury goods manufacturer - primarily sells through major reD (LVMH)
strong gross profit margins, no R&D, high inve
Pharmaceutical Company - makers of proprietary, branded A (Merck)
High margins, high R&D, inventories,PP&E, la
Retailer - a large seller of consumer products C (Walmart)
lower gross profit margins, no R&D, has inven
Software company -developers of a leading software applicE (Autodesk)
Very high gross margins (90%), significant R&
Merck Accenture Walmart LVMH Autodesk
A B C D E
Total Revenue 1,000 1,000 1,000 1,000 1,000
Cost of Revenue 373 676 749 317 95
Gross Profit 627 324 251 683 905
Operating (Income)/Expenses - - - - -
Selling, General and Administrative Expenses 252 173 206 416 500
Research and Development Expenses 122 - - - 254
Depreciation, Amortization and Depletion 30 - - - 9
Other (Income)/Expense, Operating 10 - - 0 -
Operating Expenses 413 173 206 416 764
Operating Profit/(Loss) 213 151 45 267 141
Non-Operating Income/(Expenses), Total (14) 3 (13) 1 (12)
Pretax Income 199 154 33 268 129
Provision for Income Tax 44 35 8 70 15
Net Income from Continuing Operations 156 119 24 198 113

Merck Accenture Walmart LVMH Autodesk

Assets
Current Assets
Cash, Cash Equivalents and Short Term In 79 162 26 158 402
Cash Restricted or Pledged, Current 19 - - - -
Derivative Investment and Hedging Assets, 3 - - 4 -
Inventories 190 - 99 247 -
Trade and Other Receivables, Current 232 193 14 91 163
Other Current Assets 11 35 3 12 65
Total Current Assets 534 389 142 512 630
Non-Current Assets
Net Property, Plant and Equipment 351 95 197 501 106
 Net Intangible Assets 1,197 254 51 757 934
Long Term Investments 43 7 - 36 10
Other Non-Current Assets 81 109 39 63 281
Total Non-Current Assets 1,672 465 286 1,357 1,332
Total Assets 2,207 854 428 1,869 1,962
Liabilities
Current Liabilities
Payables and Accrued Expenses, Current 236 212 139 141 84
Financial Liabilities, Current 144 15 9 159 99
Provisions, Current 77 - - 55 78
Other Current Liabilities 50 84 5 62 653
Total Current Liabilities 507 311 153 417 914

Non-Current Liabilities
Financial Liabilities, Non-Current 407 54 91 359 598
Other Non-Current Liabilities 250 91 24 363 256
Total Non-Current Liabilities 657 146 115 722 855
Total Liabilities 1,165 457 267 1,139 1,769
Equity
Equity Attributable to Parent Stockholders
Paid in Capital 213 171 9 22 666
- (67) - - -
- 35 - - -
Retained Earnings/Accumulated Deficit 736 277 152 647 (445)
Other Equity Interest 89 (28) (15) 34 (28)
Total Equity Attributable to Parent Stockhold 1,038 386 145 703 194
Non-Controlling/Minority Interests 4 11 15 27 -
Total Equity 1,042 398 160 729 194
Total Liabilities and Equity 2,207 854 428 1,869 1,962
Which company (A,B,C,D,E) is the following company? Give your rationale (briefly)
he company and provide your rationale below (be brief and specific)

ting expenses, high cost of revenues, no inventory, low PP&E

margins, no R&D, high inventories and PP&E

R&D, inventories,PP&E, large amount of intangible assets (acquisitions)

margins, no R&D, has inventories and has PP&E, but low intangible assets (acquisitions or patents)

argins (90%), significant R&D, no inventory,

A B C
Cost of Goods sold % = cost of revenues/sales 37.3% 67.6% 74.9%
Gross Profit Margin = Gross Profit/Sales 62.7% 32.4% 25.1%
R&D as % of sales = R&D/Sales 12.2% 0.0% 0.0%
Operating Margin = Operating Income/Sales 21.3% 15.1% 4.5%
Net Profit Margin = Net income/sales 15.6% 11.9% 2.4%

Days in Inventory = Inventory/(COGS/365) 185.44 - 48.08

Days in Accounts Receivable = receivables/(sales/365) 84.74 70.27 5.28
Fixed Asset Turnover = sales/property, plant and equipment 2.85 10.48 5.09

A high R&D, large inventories, good margins = pharm

B high COGS, no inventory, no R&D = consulting
C high COGS, low DSO, low net margins, faster inven
D high margins, no R&D, high net margins, slow
Autodesk E low COGS, no inventory, high R&D = software
 D E
31.7% 9.5%
68.3% 90.5%
0.0% 25.4% could only be two of them
26.7% 14.1%
19.8% 11.3%

284.17 - no inventory, could only be two

33.27 59.59
2.00 9.39

ntories, good margins = pharma

tory, no R&D = consulting
low net margins, faster inventory turnover = retail
&D, high net margins, slow inventory turnover, fast paying customers = luxury retailer
entory, high R&D = software