Current Assets:

Cash
Short- therm investment
Account receivable
Inventories
Prepaid expenses
Total current assets

Fixed Assets:
Property,plant, equipment
Less accumulated depreciation
Net property,plant, equipment
Goodwill, net
Total assets

Income Statement

Operating:
Sales
Cost of goods sold
Gross profit
Operating expenses
General and administrative expenses
Depreciation and amortization
Total oparating expense
Operating income

Non-operating:
Interest expense
Interest income

Income before taxes

Provision for income taxes
Net income
 Balance Sheet
Rotelli Restaurant

Assets
2001 2000 1999

90,000 35,000 80,000

200,000 28,000 117,000
60,800 35,400 25,000
104,000 95,000 75,000
50,000 22,000 25,000
504,800 215,400 322,000

2,750,000 1,900,000 1,650,000

325,000 200,000 100,000
2,425,000 1,700,000 1,550,000
62,500 75,000 87,500
2,992,300 1,990,400 1,959,500

Income Statement

2001 2000 1999

2,600,000 1,900,000 1,600,000

820,000 680,000 575,000
1,780,000 1,220,000 1,025,000
1,010,000 750,000 640,000
295,000 175,000 150,000
137,500 112,500 91,720
1,442,500 1,037,500 881,720
337,500 182,500 143,280

125,000 131,000 137,000

11,400 6,400 12,500

223,900 57,900 18,780

75,000 20,000 7,000
148,900 37,900 11,780
 Current Liabilities:
Account payable
Current maturity of long-term debt
Accrued Payroll
Income taxes payable
Other accrued expenses
Total current liabilities

Long term liabilities

Long term debt
Total liabilities

Owners' equity:
Common stock
Additional paid-in capital
Retained earnings
Total owners' equity

Total liabilities and owner's equity

Ratio Study

Current Ratio
Quick Ratio
Inventory Tunover
Day Sales Outstanding
Fixed Assets Turnover
Total Assets Turnover
Return on Assets
Return on Equity
Debt Ratio
Profit Margin on Sales
EBE
 Equities and Liabilities
2001 2000

127,000 176,000
69,000 63,000
50,000 38,000
12,000 8,000
8,000 15,000
266,000 300,000

1,326,000 1,389,000
1,592,000 1,689,000

1,000 1,000
1,350,000 400,000
49,300 -99,600
1,400,300 301,400

2,992,300 1,990,400

Ratio Study
Rotelli
Formula 2001
Current Assets/Current Liabilities 1.90
Current assets-inventory/Current Liabilities 1.51
Sales/ Inventory 25.00
Account Receivable/Sales per day 8.42
Sales/Fixed Assets 1.07
Sales/Total Assets 0.87
Net income/Total Assets 4.98%
Net income/ Total Equity 10.63%
Debt/ Total Assets 53.20%
Net income/Sales 5.73%
EBIT/Total Assets 11.28%
 1999

140,000
58,000
39,000
5,000
7,000
249,000

1,447,000
1,696,000

1,000
400,000
-137,500
263,500

1,959,500

Rotelli
2000 1999
0.72 1.29
0.40 0.99
20.00 21.33
6.71 5.63
1.12 1.03
0.95 0.82
1.90% 0.60%
12.57% 4.47%
84.86% 86.55%
1.99% 0.74%
9.17% 7.31%
 2001
Current Assets:
Cash 112,000
Accounts receivables 120,000
Inventories 201,000
Prepaid Expenses 21,000
Total Currents Assets 454,000

Fixed Assets:
Property;plant & equipement 1,850,000
Less accumulated depreciation 810,000
Net property;plant & equipement 1,040,000

Total Assets 1,494,000

Income Statement

2001
Operating:
Sales 2,360,000
Cost of goods sold 856,000
Gross profit 1,504,000
Operating expenses 1,035,000
General and administrative expenses 127,000
Depreciation expense 64,000
Total operating expense 1,226,000
Operating income 278,000

Non operating:
Interest expense 3,900
Interest income 6,600

Income before taxes 280,700

Provision for income taxes 95,000

Net income 185,700

 Balance Sheet
Pelican Restaurant
Assets
2000 1999 Current Liabilities:
Accounts payable
152,000 115,000 Current maturity of long term debt
98,000 65,000 Accrued payroll
192,600 169,600 Income taxes payable
23,400 18,200 Other accrued expenses
466,000 367,800 Total current liabilities

Long term Liabilities :

1,550,000 1,470,000 Long term debt
746,000 680,000 Deferred income taxes
804,000 790,000 Total liabilities

1,270,000 1,157,800 Owner's equity :

Common stock
Retained earnings
Total owner's equity

Total Liabilities and owner's equity

2000 1999

2,160,000 2,280,000
778,000 839,000
1,382,000 1,441,000 Current Ratio
964,000 996,000 Quick Ratio
123,000 119,000 Inventory Tunover
66,000 60,000 Day Sales Outstanding
1,153,000 1,175,000 Fixed Assets Turnover
229,000 266,000 Total Assets Turnover
Return on Assets
Return on Equity
4,100 4,300 Debt Ratio
6,600 6,400 Profit Margin on Sales
EBE
231,500 268,100
78,000 91,000

153,500 177,100
 Liablities
2001 2000
96,000 80,000
2,200 2,000
57,000 49,000
29,000 23,000
13,800 6,800
198,000 160,800

43,000 45,000
18,800 15,700
259,800 221,500

300,500 300,500
933,700 748,000
1,234,200 1,048,500

1,494,000 1,270,000

Ratio Study

Formula 2001
Current Assets/Current Liabilities 2.29
Current assets-inventory/Current Liabilities 1.28
Sales/ Inventory 11.74
Account Receivable/Sales per day 18.31
Sales/Fixed Assets 2.27
Sales/Total Assets 1.58
Net income/Total Assets 12.43%
Net income/ Total Equity 15.05%
Debt/ Total Assets 17.39%
Net income/Sales 7.87%
EBIT/Total Assets 18.61%
 1999
97,000
1,800
47,000
32,000
12,000
189,800

47,000
26,000
262,800

300,500
594,500
895,000

1,157,800

Ratio Study

2000 1999
2.90 1.94
1.70 1.04
11.21 13.44
16.33 10.26
2.69 2.89
1.70 1.97
12.09% 15.30%
14.64% 19.79%
17.44% 22.70%
7.11% 7.77%
18.03% 22.97%
the 2 companys ratios

Formula
Current Ratio Current Assets/Current Liabilities
Quick Ratio Current assets-inventory/Current Liabilities
Inventory Tunover Sales/ Inventory
Day Sales Outstanding Account Receivable/Sales per day
Fixed Assets Turnover Sales/Fixed Assets
Total Assets Turnover Sales/Total Assets
Return on Assets Net income/Total Assets
Return on Equity Net income/ Total Equity
Debt Ratio Debt/ Total Assets
Profit Margin on Sales Net income/Sales
BEP EBIT/Total Assets

Cash Flow Ratio's from Pelican and Rotelli:

Formula
Cash Flow Margin Ratio Cash Flow from Operating Activities / Revenue
Cash Flow Coverage Ratio Cash Flow from Operating Activities / Debt
 The Pelican Rotelli
Pelican Average Rotelli Average Ratios Index
2001 2000 1999 2001 2000 1999
2.29 2.90 1.94 2.38 1.90 0.72 1.29 1.30 >2.7
1.28 1.70 1.04 1.34 1.51 0.40 0.99 0.97 >1
11.74 11.21 13.44 12.13 25.00 20.00 21.33 22.11 >6.1
18.31 16.33 10.26 14.97 8.42 6.71 5.63 6.92 <32
2.27 2.69 2.89 2.61 1.07 1.12 1.03 1.07 >7
1.58 1.70 1.97 1.75 0.87 0.95 0.82 0.88 >2.6
12.43% 12.09% 15.30% 13% 4.98% 1.90% 0.60% 2% >9.1%
15.05% 14.64% 19.79% 16% 10.63% 12.57% 4.47% 9% >18.2%
17.39% 17.44% 22.70% 19% 53.20% 84.86% 86.55% 75% <50%
7.87% 7.11% 7.77% 8% 5.73% 1.99% 0.74% 3% >3.5%
18.61% 18.03% 22.97% 20% 11.28% 9.17% 7.31% 9% >19.1%

The Pelican Rotelli

2001 2000 Average 2001 2000 Average Ratios Index
11% 6% 8% 7% 9% 8% >60%
101% 54% 77% 12% 10% 11% >200%