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    Ratios Analysis Case For FNFM

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    saikumar
    Micro Tiles Limited saw increasing revenue and profits from 2011 to 2014. Revenue grew from $1.083 million in 2011 to $2.052 million in 2014. Profits increased each year as well, growing from $38,000 in 2011 to $47,000 in 2014. Total assets also increased significantly over this period, from $450,000 in 2011 to $1.132 million in 2014, driven mainly by growth in non-current assets like property, plant and equipment. Equity grew steadily as retained earnings increased each year. Long term debts also increased substantially to help finance the company's expansion.

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    Ratios Analysis Case For FNFM

    Uploaded by

    saikumar
    427 views3 pages
    Micro Tiles Limited saw increasing revenue and profits from 2011 to 2014. Revenue grew from $1.083 million in 2011 to $2.052 million in 2014. Profits increased each year as well, growing from $38,000 in 2011 to $47,000 in 2014. Total assets also increased significantly over this period, from $450,000 in 2011 to $1.132 million in 2014, driven mainly by growth in non-current assets like property, plant and equipment. Equity grew steadily as retained earnings increased each year. Long term debts also increased substantially to help finance the company's expansion.

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    Ratios Analysis Case for FnFM

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    Micro Tiles Limited saw increasing revenue and profits from 2011 to 2014. Revenue grew from $1.083 million in 2011 to $2.052 million in 2014. Profits increased each year as well, growing from $38,000 in 2011 to $47,000 in 2014. Total assets also increased significantly over this period, from $450,000 in 2011 to $1.132 million in 2014, driven mainly by growth in non-current assets like property, plant and equipment. Equity grew steadily as retained earnings increased each year. Long term debts also increased substantially to help finance the company's expansion.

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    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd
    Download as xls, pdf, or txt
    427 views3 pages

    Ratios Analysis Case For FNFM

    Uploaded by

    saikumar
    Micro Tiles Limited saw increasing revenue and profits from 2011 to 2014. Revenue grew from $1.083 million in 2011 to $2.052 million in 2014. Profits increased each year as well, growing from $38,000 in 2011 to $47,000 in 2014. Total assets also increased significantly over this period, from $450,000 in 2011 to $1.132 million in 2014, driven mainly by growth in non-current assets like property, plant and equipment. Equity grew steadily as retained earnings increased each year. Long term debts also increased substantially to help finance the company's expansion.

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    of 3

    APPENDIX A

    Micro Tiles Limited


    Statements of Income

    2011 2012 2013 2014

    Revenue 1,083 1,058 1,564 2,052

    Cost of sales
    Purchases 369 355 630 825
    Freight in 30 29 44 74
    Labour 380 366 529 665
    Depreciation/amortization 3 4 4 8
    Other charges 5 0 0 0
    Total cost of sales 787 754 1,207 1,572

    Gross profit 296 304 357 480

    Other income 0 0 0 0

    Distribution costs
    Salaries 34 37 41 65
    Commissions 33 32 47 68
    Travelling 12 11 16 32
    Advertising 7 9 10 20
    Depreciation/amortization 2 2 3 5
    Other charges 10 0 0 0
    Total distribution costs 98 91 117 190

    Administrative expenses
    Salaries 94 102 107 117
    Leasing 20 20 26 31
    Depreciation/amortization 13 9 24 30
    Other charges 20 11 16 17
    Total administrative expenses 147 142 173 195

    Financing costs 3 7 14 34

    Total expenses les other incom 248 240 304 419

    Profit before taxes 48 64 53 61

    Income tax expense 10 18 12 14

    Profit for the year 38 46 41 47


    Micro Tiles Limited
    Statements of Retained Earnings

    2011 2012 2013 2014

    Retained earnings (beginning of year) 87 125 171 212


    Profit for the year 38 46 41 47
    Sub-total 125 171 212 259
    Dividends 0 0 0 0
    Retained earnings (end of year) 125 171 212 259
    Micro Tiles Limited
    Statements of Financial Position

    2011 2012 2013 2014


    Assets
    Non-current assets
    Property, plant and equipment 90 156 238 538
    Goodwill 14 14 14 14
    Due from shareholders 24 50 0 0
    Sub-total 128 220 252 552
    Accumulated depreciation/amortization 47 62 93 136

    Total non-current assets 81 158 159 416

    Current assets
    Inventories 109 114 210 297
    Trade receivables 247 241 298 400
    Prepaid expenses 3 4 4 4
    Short-term deposits 0 0 0 0
    Cash 10 9 13 15
    Total current assets 369 368 525 716

    Total assets 450 526 684 1,132

    Equity and Liabilities


    Share capital 25 25 25 125
    Retained earnings 125 171 212 259
    Other comprehensive income/(loss) 0 0 0 0
    Total owners' equity 150 196 237 384

    Total long-term debts 63 51 74 300

    Current liabilities
    Trade and other payables 94 130 137 200
    Notes payable 0 0 0 0
    Working capital loan 85 106 198 208
    Accruals 58 43 38 40
    Total current liabilities 237 279 373 448

    Total liabilities 300 330 447 748

    Total equity and liabilities 450 526 684 1,132

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