Buatlah analisa berdasarkan time-series dan cross-sectional ( Baik atau Tidak Baik)

untuk PT. Sinar Kasih di bawah ini !

Income Statement
PT. Sinar Kasih
For the Year Ended December 31, 2007
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Sales Revenue $6,242,928
Cost of Goods Sold 5,103,000
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Gross Profits $1,139,928
Operating Expenses 821,538
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Operating Profits $ 318,390
Interest Expense 57,888
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Net Profits Before Taxes $ 260,502
Taxes (40%) 104,200.8
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Net Profits After Taxes $ 156,301.2

Balance Sheet
PT. Sinar Kasih
December 31, 2007
Assets
___________________________________________________________
Cash $ 285,000
Accounts receivable 711,000
Inventories 729,000
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Total current assets $ 1,725,000
Gross fixed assets 1,500,000
-
/- Accumulated depreciation 225,000
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Net fixed assets 1,275,000
Total assets $3,000,000

Liabilities and stockholders' equity

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Current liabilities
Accounts payable $ 267,000
Notes payable 507,000
Accruals 261,000
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Total current liabilities $ 1,035,000
Long-term debts 564,000
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 Total liabilities $ 1,599,000
Stockholders' equity
Common stock 765,000
Retained earnings 636,000
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Total stockholders' equity $ 1,401,000
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Total liabilities and stockholders' equity $ 3,000,000

Historical and Industry Average Ratios

PT. Sinar Kasih
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Industry Time Cross
Ratio 2006 2007 2007 Series Sectional
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Current Ratio 1.7 1.67 1.6 B B
Quick Ratio 1.0 0.96 0.9 TB B
Inventory Turnover 9.3 7 8.4 TB TB
Average Collection Period 37 days 41.57 D 39 days TB TB
Total Asset Turnover 2.2 2.08 2.2 B
Debt Ratio 56% 53.3% 58% ----- -----
Times Interest Earned 3.5 5.5 2.3 B B
Gross Profit Margin 19.7% 18.26% 20.4% TB TB
Operating Profit Margin 4.8% 5.1% 4.7% B B
Net Profit Margin 1.6% 2.5% 1.4% B B
Return on total assets 3.5% 5.21% 3.08% B B
Return on Equity 7.9% 11.16% 7.3% B B

Notes :
1. CR=CA/CL= 1,725,000/1,035,000
2. QR=CA-INV/CL=(1,725,000-729,000)/1,035,000 = 996,000/1,035,000
3. IT=COGS/INV=5,103,000/729,000
4. ACP=AR/AVERAGE SALES/DAY= 711,000/(6,242,928/365)=711,000/17,104
5. TAT= SALES/TOTAL ASSETS=6,242,928/3,000,000
6. DR= TL/TA=1,599,000/3,000,000
7. TIE=EARNINGS BEFORE INTEREST AND TAXES/INTEREST
EXP=318,390/57,888
8. GPM=GP/SALES=1,139,928/6,242,928
9. OPM=OP/SALES=318,390/6,242,928
10. NPM=EARNINGS AVAILABLE FOR COMMON STOCK
HOLDERS/SALES=156,301.2/6,242,928
11. ROA= EARNINGS AVAILABLE FOR COMMON STOCK
HOLDERS/TA=156,301.2/3,000,000
12. ROE= EARNINGS AVAILABLE FOR COMMON STOCK
HOLDERS/COMMON STOCK EQUITY=156,301.2/1,401,000