Riordan Manufacturing, Inc.
Consolidated Balance Sheet
Fiscal Year Ending
September 30th
2011
2010
Assets
Current Assets
Cash
$3,725,406
$2,807,029
Accounts Receivable
3,192,094
2,695,342
Current Portion of Notes Receivable
84,255
102,976
Inventories
9,709,611
8,517,203
Prepaid Expenses and Other Items
666,591
402,240
Total Current Assets
$17,377,957
$14,524,790
Notes Receivable, less current portion
$842,551
$936,168
Investment in Joint Venture
1,734,004
1,609,004
Property, Plant and Equipment - net
26,366,949
16,658,218
Intangible Assets - net
904,473
904,473
Other Assets
183,203
192,845
Total Assets
$47,409,137
$34,825,498
Liabilities and Stockholders' Equity
Current Liabilities
Current Portion of Long-Term Debt
$1,560,959
$474,032
Accounts Payable
1,141,561
1,391,385
Accrued Liabilities
430,477
524,685
Income Taxes Payable
552,155
359,955
Total Current Liabilities
$3,685,152
$2,750,057
Bank Line of Credit
$114,759
$295,865
Long-Term Debt - less current portion
9,500,741
1,006,955
Deferred Income Taxes - net
660,503
825,629
Total Liabilities
$13,961,155
$4,878,506
Common Stock
Stated par value is $.01.
20,000,000 shares authorized.
Issued and Outstanding 15,801,332 net of treasury shares.
$29,055,488
$29,055,488
Retained Earnings / (Accumulated Deficit)
4,392,494
891,504
Total Stockholders' Equity
$33,447,982
$29,946,992
Total Liabilities and Stockholders' Equity
$47,409,137
$34,825,498
Balance SheetRiordan Manufacturing, Inc.Consolidated Balance SheetFiscal Year Ending September 30th20102009200820072006200520042003AssetsCurrent AssetsCash$2,807,029$1,511,253$1,040,639$1,442,507$1,336,319$305,563$357,216$85,632Accounts Receivable$2,695,342$2,644,307$2,883,964$4,544,138$4,855,334$6,062,838$5,657,216$6,556,160Current Portion of Notes Receivable$102,976$117,475$107,107$109,293$95,538$70,825$117,888$13,184Inventories$8,517,203$7,123,790$8,305,690$7,919,987$7,224,947$7,850,970$7,854,112$8,074,880Deferred Income Taxes - net$0$0$0$0$0$0$328,832$349,184Pre-paid Expenses and Other Items$402,240$458,875$279,336$294,038$256,903$264,896$328,192$336,128Total Current Assets$14,524,790$11,855,700$12,616,736$14,309,963$13,769,041$14,555,092$14,643,456$15,415,168Notes Receivable, less current portion$936,168$1,067,953$1,102,260$1,124,755$986,627$256,583$177,408$431,104Investment in Joint Venture$1,609,004$1,333,504$1,183,504$1,058,504$858,504$283,504$133,504$139,136Property, Plant & Equipment - net$16,658,218$17,767,486$18,869,612$18,424,594$24,510,830$19,114,830$18,511,360$19,205,120Intangible Assets - net$904,473$904,473$550,590$550,590$550,590$329,405$336,128$395,136Other Assets$192,845$175,314$106,721$108,899$107,821$52,768$54,400$51,840Total Assets$34,825,498$33,104,430$34,429,423$35,577,305$40,783,413$34,592,182$33,856,256$35,637,504Liabilities and Stockholders' EquityCurrent LiabilitiesCurrent Portion of Long-Term Debt$474,032$484,894$497,480$495,515$538,046$1,219,258$1,106,304$1,73 ...
1. Riordan Manufacturing, Inc.
Consolidated Balance Sheet
Fiscal Year Ending
September 30th
2011
2010
Assets
Current Assets
Cash
$3,725,406
$2,807,029
Accounts Receivable
3,192,094
2,695,342
Current Portion of Notes Receivable
84,255
102,976
Inventories
9,709,611
8,517,203
Prepaid Expenses and Other Items
666,591
402,240
Total Current Assets
$17,377,957
$14,524,790
Notes Receivable, less current portion
$842,551
2. $936,168
Investment in Joint Venture
1,734,004
1,609,004
Property, Plant and Equipment - net
26,366,949
16,658,218
Intangible Assets - net
904,473
904,473
Other Assets
183,203
192,845
Total Assets
$47,409,137
$34,825,498
Liabilities and Stockholders' Equity
Current Liabilities
Current Portion of Long-Term Debt
$1,560,959
$474,032
Accounts Payable
1,141,561
1,391,385
Accrued Liabilities
430,477
524,685
Income Taxes Payable
552,155
359,955
Total Current Liabilities
$3,685,152
$2,750,057
Bank Line of Credit
3. $114,759
$295,865
Long-Term Debt - less current portion
9,500,741
1,006,955
Deferred Income Taxes - net
660,503
825,629
Total Liabilities
$13,961,155
$4,878,506
Common Stock
Stated par value is $.01.
20,000,000 shares authorized.
Issued and Outstanding 15,801,332 net of treasury shares.
$29,055,488
$29,055,488
Retained Earnings / (Accumulated Deficit)
4,392,494
891,504
Total Stockholders' Equity
$33,447,982
$29,946,992
Total Liabilities and Stockholders' Equity
$47,409,137
$34,825,498
Balance SheetRiordan Manufacturing, Inc.Consolidated Balance
SheetFiscal Year Ending September
30th20102009200820072006200520042003AssetsCurrent
AssetsCash$2,807,029$1,511,253$1,040,639$1,442,507$1,336,3
19$305,563$357,216$85,632Accounts
4. Receivable$2,695,342$2,644,307$2,883,964$4,544,138$4,855,3
34$6,062,838$5,657,216$6,556,160Current Portion of Notes
Receivable$102,976$117,475$107,107$109,293$95,538$70,825
$117,888$13,184Inventories$8,517,203$7,123,790$8,305,690$7
,919,987$7,224,947$7,850,970$7,854,112$8,074,880Deferred
Income Taxes - net$0$0$0$0$0$0$328,832$349,184Pre-paid
Expenses and Other
Items$402,240$458,875$279,336$294,038$256,903$264,896$32
8,192$336,128Total Current
Assets$14,524,790$11,855,700$12,616,736$14,309,963$13,769,
041$14,555,092$14,643,456$15,415,168Notes Receivable, less
current
portion$936,168$1,067,953$1,102,260$1,124,755$986,627$256,
583$177,408$431,104Investment in Joint
Venture$1,609,004$1,333,504$1,183,504$1,058,504$858,504$2
83,504$133,504$139,136Property, Plant & Equipment -
net$16,658,218$17,767,486$18,869,612$18,424,594$24,510,83
0$19,114,830$18,511,360$19,205,120Intangible Assets -
net$904,473$904,473$550,590$550,590$550,590$329,405$336,
128$395,136Other
Assets$192,845$175,314$106,721$108,899$107,821$52,768$54
,400$51,840Total
Assets$34,825,498$33,104,430$34,429,423$35,577,305$40,783,
413$34,592,182$33,856,256$35,637,504Liabilities and
Stockholders' EquityCurrent LiabilitiesCurrent Portion of Long-
Term
Debt$474,032$484,894$497,480$495,515$538,046$1,219,258$1
,106,304$1,737,728Accounts
Payable$1,391,385$1,636,923$1,694,523$1,783,708$3,930,399$
3,650,073$3,573,248$2,676,096Accrued
Liabilities$524,685$617,276$638,997$631,108$1,390,648$1,35
0,144$1,350,144$1,257,344Income Taxes
Payable$359,955$99,113$243,440$855,504$1,351,775$754,619
$164,864Total Current
Liabilities$2,750,057$2,838,206$3,074,440$3,765,835$7,210,86
8$6,974,094$6,029,696$5,836,032Bank Line of
6. VentureInvestment in Joint VentureProperty, Plant and
Equipment - netProperty, Plant and Equipment - netIntangible
Assets - netIntangible Assets - netOther AssetsOther
AssetsTotal AssetsTotal AssetsLiabilities and Stockholders'
EquityLiabilities and Stockholders' EquityCurrent
LiabilitiesCurrent Liabilities Current Portion of Long-Term
Debt Current Portion of Long-Term Debt Accounts
Payable Accounts Payable Accrued Liabilities
Accrued Liabilities Income Taxes Payable Income Taxes
PayableTotal Current LiabilitiesTotal Current LiabilitiesBank
Line of CreditBank Line of CreditLong-Term Debt - less current
portionLong-Term Debt - less current portionDeferred Income
Taxes - netDeferred Income Taxes - netTotal LiabilitiesTotal
LiabilitiesCommon StockCommon StockStated par value is
$.01.Stated par value is $.01.20,000,000 shares
authorized.20,000,000 shares authorized.Issued and Outstanding
15,801,332 net of treasury shares.Issued and Outstanding
15,801,332 net of treasury shares.Retained Earnings /
(Accumulated Deficit)Retained Earnings / (Accumulated
Deficit)Total Stockholders' EquityTotal Stockholders'
EquityTotal Liabilities and Stockholders' EquityTotal
Liabilities and Stockholders' Equity
Income StatementRiordan Manufacturing, Inc.Riordan
Manufacturing, Inc.Income StatementIncome StatementFor the
12 months ending September 30thFor the 12 months ending
September 30thIncrease% Change20112010(Decrease)from
20102011Percentage2010PercentageSalesSalesDirect Cost of
Goods SoldDirect Cost of Goods SoldGross MarginGross
MarginOperating ExpensesOperating ExpensesSales, Marketing
& OtherSales, Marketing &
OtherDepreciationDepreciationQuality AssuranceQuality
AssuranceResearch & DevelopmentResearch &
DevelopmentGeneral & AdministrativeGeneral &
AdministrativeMachining & SystemsMachining & SystemsTotal
Operating ExpensesTotal Operating ExpensesProfit Before
Interest & TaxesProfit Before Interest & TaxesNon-Operating
7. ExpensesNon-Operating ExpensesInterest ExpenseInterest
ExpenseTaxesTaxesTotal Non-Operating ExpensesTotal Non-
Operating ExpensesNet Profit After TaxesNet Profit After
Taxes
Select Riordan Mfg. as your Virtual Organization and the basis
for this assignment, you will use years 2009-2010 only, you are
required to use the template.
Access the information contained in your selected
organization?s balance sheet and income statement to calculate
the following:
? Liquidity ratios
o Current ratio
o Acid-test, or quick, ratio
o Receivables turnover
o Inventory turnover
? Profitability ratios
o Asset turnover
o Profit margin
o Return on assets
o Return on common stockholders? equity
? Solvency ratios
o Debt to total assets
o Times interest earned
Show your calculations for each ratio.
Create a horizontal and vertical analysis for the balance sheet
8. and the income statement.
Templete and information attached.