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JSC Foods Corp Financial Overview 2014

JSC Foods Corp reported $2.7 million in net income for 2014 on $52.5 million in net sales. As of December 31, 2014, the company had total assets of $22.3 million, including $9.3 million in current assets, and total liabilities of $9.8 million. In 2014, JSC Foods generated $5 million in cash from operating activities.

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Jasffer Debolgado
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109 views3 pages

JSC Foods Corp Financial Overview 2014

JSC Foods Corp reported $2.7 million in net income for 2014 on $52.5 million in net sales. As of December 31, 2014, the company had total assets of $22.3 million, including $9.3 million in current assets, and total liabilities of $9.8 million. In 2014, JSC Foods generated $5 million in cash from operating activities.

Uploaded by

Jasffer Debolgado
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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JSC Foods Corp

Statement of Profit or Loss


For the Year Ending December 2014

Net Sales 52,501,085.00


Cost of Sales 41,954,730.00
Gross Profit 10,546,355.00
Operating Expenses 6,497,659.00
Operating Income 4,048,696.00
Interest Expense 250,000.00
Income Before Taxes 3,798,696.00
Taxes 1,139,609.00
Net Income 2,659,087.00

JSC Foods Corp


Statement of Financial Position
December 31, 2014
Assets
Current Assets
Cash 1,062,527.00
Trade Receivables 2,300,500.00
Inventories 4,849,304.00
Other Current Assets 1,050,000.00
9,262,331.00
Noncurrent Assets
Property, Plant and Equipment 12,200,000.00
Other Noncurrent Assets 835,689.00
13,035,689.00
Total Assets 22,298,020.00

Liabilities and Equity


Current Liabilities
Trade Payables 5,050,810.00
Income Taxes Payable 433,051.00
Current Portion of Long-Term Debt 2,250,000.00
Other Current Liabilities 85,600.00
7,819,461.00
Noncurrent Liabilities
Long-term debt 2,000,000.00
Total Liabilities 9,819,461.00

Stockholders' Equity
Capital Stock 8,000,000.00
Retained Earnings 4,478,559.00
Total Stockholders' Equity 12,478,559.00
Total Liabilities and Stockholders' Equity 22,298,020.00

JSC Foods Corp


Statements of Cash Flows
For the Year Ending December 31, 2014

Cash Flows from Operating Activities


Income Before Taxes 3,798,696.00
Adjustments:
Depreciation 2,600,000.00
Changes in the following accounts
Decrease (increase) in Accounts Receivable - 378,701.00
Decrease (increase) in Inventories - 349,306.00
Decrease (increase) in Other Current Assets - 66,254.00
Increase (decrease) Accounts payable 304,558.00
Increase (decrease) in Other Current Liabilities 56,900.00
Income Taxes Paid - 990,262.00
Cash Flows from Operating Activities 4,975,631.00

Cash Flows from Investing Activities


Acquisition of PPE - 3,500,000.00
Acquisition of Other Noncurrent Assets 89,992.00
Cash Flows from Investing Activities - 3,410,008.00

Cash Flows from Financing Activities


Payment of Cash Dividends - 2,000,000.00
Loans, Net of Payments 500,000.00
Cash Flows from Financing Activities - 1,500,000.00

Net Change in Cash 65,623.00


Cash, Beginning 996,904.00
Cash, Ending 1,062,527.00
Profitability Ratios
Return on Equity
Return on Assets
Gross Profit Margin
Operating Profit Margin
Net Profit Margin

Liquidity Ratios
Current Ratio
Acid-test Ratio

Leverage Ratio
Debt Ratio
Debt to Equity Ratio
Interest Coverage Ratio

Efficiency Ratios
Total Asset Turnover Ratio
Fixed Asset Turnover Ratio
Accounts Receivable Turnover Ratio
Inventory Turnover Ratio
Accounts Payable Turnover Ratio

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