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Riordan Manufacturing, Inc_Horizontal_Vertical analysis and ratios

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Question;Riordan Manufacturing, Inc.;Income Statement;For the 12 months ending September 30th;2011;2010;Sales;$66,608,660;$56,534,254;Direct Cost of Goods Sold;51,592,470;43,970,250;Gross Margin;$15,016,190;$12,564,004;Operating Expenses;Sales, Marketing & Other;$1,328,615;$1,265,348;Depreciation;1,378,616;1,152,125;Quality Assurance;1,151,176;1,112,247;Research & Development;1,039,637;962,627;General & Administrative;4,954,751;4,674,293;Machining & Systems;143,808;125,050;Total Operating Expenses;$9,996,603;$9,291,690;Profit Before Interest & Taxes;$5,019,587;$3,272,314;Non-Operating Expenses;Interest Expense;$604,616;$121,533;Taxes;1,104,309;719,909;Total Non-Operating Expenses;$1,708,925;$841,442;Net Profit After Taxes;$3,310,662;$2,430,872;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;="msonormaltable">

 

Paper#37439 | Written in 18-Jul-2015

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