Essay About 19941995Ebit126155Depreciation00Tax1622Increase And Chang Lu

Corporate Finance Analysis Case
[pic 1]Assignment 1Corporate Financial AnalysisMembers:Chang Lu, Chang Guo, Houpu Liu, Pujin An, Lianran Zeng[pic 2]1.From the form 1, we can easily distinct between profits and cash requirements. 19941995EBIT126155depreciation00tax1622increase in accounts receivable105195increase in inventory95155increase in accounts payable12736increase in accrued expenses330Net cash flow from operating activities40-151increase in Net PPE29126Net cash flow from investing activities-29-126interest payment-42-56increase in notes payables60357increase in long term debt-20-20dividend payment00increase in common stock00Net cash flow from Financing Activities-2281   94Form 1Report of Clarkson Lumber Company   1.Indurstry AnalysisFrom form 2, we can compare different kinds of indices for Clarkson Lumber Company to indices for industrial level. Low- Profit OutletsHigh-Profit OutletsClarkson Lumber CompanyPercent of sales:      Cost of goods76.90%75.10%75.77%   Operating expense22.00%20.60%20.80%   Cash 1.30%1.10%1.19%   Accounts receivable13.70%12.40%11.25%   Inventory12.00%11.60%11.27%   Fixed assets, net12.10%9.20%7.19%   Total assets39.10%34.30%30.91%Percent of Total Assets   Current liabilities52.70%29.20%59.16%   Long-term liabilities34.80%16.00%11.45%   Equity12.50%54.80%29.38%Current ratio1.312.521.30Return on sales -0.70%4.30%1.70%Return on assets-1.80%12.20%5.51%Return on equity-14.30%22.10%18.76%Form 2