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Earth Fit Sports Inc Consolidated Balance Sheet Assets Current assets Cash and cash equivalents…

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Earth Fit Sports Inc Consolidated Balance Sheet Assets Current assets Cash and cash equivalents Receivables net of allowances Inventories Prepaid expenses Other current assets Total current assets Long term assets Property. Plant and Equipment (net) Investments Deferred income taxes Intangible assets Other long term assets Total long term assets $31,430 24,019 4,557 5,152 7.787 72.945 4355 4.244 75.318 56,139 0 117,358 450,600 2.135 626.232 49,579 2007 260 472 143 2675 526.664 5699.127 S601.982 Total assets Liabilities Current liabilities Current portion of long term debt Accounts payable Accrued liabilities Other current liabilities Total current liabilities 5,100 26 969 13,667 20,516 66.252 3,900 26,738 8,494 21.753 60.885 309,779 137.172 0 17.054 464.005 $530,257 375 881 0 606 12.861 389.348 $450 233 Long term liabilities Long term notes payable Other long term debt Deferred income taxes Other long term liabilities Total long term liabilities Total liabilities Stockholders’ equity Common stock Additional paid-in capital Other equity inc treasury stock Retained earnings Total stockholders’ equity Total liabilities and stockholders’ equity 640 123,643 (53,862) 98.499 168.920 640 119,870 (29,130) 60.369 151.749 $699.177 $601.982 7139 Earth Fit Sports Inc thousands Retained earnings statement Retained earnings, 1/1 Add net income Less dividends paid Retained earnings 12/31 $60,369 38,130 0 $98.499 Consolidated income statement Net sales Less cost of goods sold (without depreciation) Gross margin General and administrative expenses Depreciation Operating income Other income (loss) Income before interest and taxes (EBIT) Interest expense Income before taxes Income tax expense (refund) Net income $330,537 113.492 217,045 113,058 32.158 71,829 122 71,827 24.549 47 278 9.148 $38.130 Assignment 5 answer sheet: Last name Sampled firm #1 (If your firm does not have CGS, please read information on the payables turnover in Part 4.) Calculated metrics for Sampled firm #1 using balance sheet and income statement: working capital average income tax rate inventory turnover days’ sales in inventory receivables turnover days’ sales in receivables payables turnover days’ cost in payables cash cycle assets turnover capital intensity ratio ROA ROE

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