Scenario Summary

Current Values: scenario 1 scenario 2 scenario 3 scenario 4

Changing Cells:
$C$32 11.5% 10.0% 10.0% 10.0% 12.0%
$C$93 5.0% 4.0% 6.0% 8.0% 4.0%
Result Cells:
$C$2 2,871.125 2,832.500 2,832.500 2,832.500 2,884.000
$D$2 3,201.304 3,115.750 3,115.750 3,115.750 3,230.080
$E$2 3,569.454 3,427.325 3,427.325 3,427.325 3,617.690
$C$4 1,588.875 1,567.500 1,567.500 1,567.500 1,596.000
$D$4 1,771.596 1,724.250 1,724.250 1,724.250 1,787.520
$E$4 1,975.329 1,896.675 1,896.675 1,896.675 2,002.022
$C$23 476.060 469.131 462.201 455.271 482.989
$D$23 534.187 518.045 504.451 490.621 548.660
$E$23 584.290 556.315 536.350 515.708 607.041
Notes: Current Values column represents values of changing cells at
time Scenario Summary Report was created. Changing cells for each
scenario are highlighted in gray.
scenario 5 scenario 6

12.0% 12.0%
6.0% 8.0%

2,884.000 2,884.000
3,230.080 3,230.080
3,617.690 3,617.690
1,596.000 1,596.000
1,787.520 1,787.520
2,002.022 2,002.022
476.059 469.129
535.066 521.236
587.075 566.433
 20X2
Total Operating Revenues (or Total Sales Revenues) 2,575.000
Less: Cost of Goods Sold (COGS) 1,150.000
Gross Profits 1,425.000
Less: Operating Expenses
Selling Expenses 275.000
General and Administrative Expenses (G&A) 225.000
Depreciation Expense 100.000
Fixed Expenses 75.000
Total Operating Expenses 675.000
Net Operating Income 750.000
Other Income 20.000
Earnings before Interest and Taxes (EBIT) 770.000
Less: Interest Expense
Interest on Short-Term Notes 10.000
Interest on Long-Term Borrowing 50.000
Total Interest Expense 60.000
Earnings before Taxes (EBT) 710.000
Less: Taxes (rate = 40%)
Current 160.000
Deferred 124.000
Total taxes (rate = 40%) 284.000
Earnings after Taxes (EAT) 426.000
Less: Preferred Stock Dividends 95.000
Net Earnings Available for Common Stockholders 331.000
Earnings per Share (EPS), 100,000 shares outstanding 3.310
Retained Earnings 220.000
Dividends Paid to Holders of Common Stock 111.000
Assumptions for 3-Year Projections on Income Statement
20X2
Projected Annual Growth from Year Before
Total Sales Revenue
General and Administrative Expenses (G&A)
Depreciation Expense
Existing Capital Assets
New Capital Assets in Year of Purchase
Fixed Expenses
Fixed Expenses, value for 20X5 ($ thousand)
Other Income
Interest on Short-Term Notes
Interest on Long-Term Borrowing
Dividends Paid to Holders of Common Stock
Projected Ratios
COGS to Sales 44.66%
Annual increase in Ratio of Selling expense to Sales
Selling expenses to Sales 10.68%
Projected Tax Rate
ABC COMPANY
Balance Sheet as of December 31, 20X2 and Forecast for Next 3 Y
Value in thousand
20X2
ASSETS
Current Assets
Cash and Equivalents 1,565.000
Accounts Receivable 565.000
Inventories 895.000
Other Current Assets 215.000
Total Current Assets 3,240.000
Fixed Assets (at cost)
Land and Buildings 2,400.000
Machinery and Equipment 1,880.000
Furniture and Fixtures 435.000
Vehicles 140.000
Less: Accumulated Depreciation 1,005.000
Net Fixed Assets 3,850.000
Other Fixed Assets (includes certain leases) 75.000
Total Fixed Assets 3,925.000
Total Assets 7,165.000
Liabilities
Current Liabilities
Accounts Payable 300.000
Short-Term Notes Payable 1,275.000
Accruals and Other Current Liabilities 145.000
Total Current Liabilities 1,720.000
Long-Term Debt 1,900.000
Total Liabilities 3,620.000
Stockholder's Quity
Preferred Stock 200.000
Common Stock (10.00 par, 100,000 shares outstanding) 1,000.000
Paid-In Capital in Excess of Par on Common Stock 1,985.000
Retained Earnings 360.000
Total Stockholders' Equity 3,545.000
Total Liabilities and Owner's Equity 7,165.000
Discretionary Financing Needed

20X2
Projected Annual Growth Rates from Year Before

Cash and Equivalents

Accounts Receivable
Inventories
Other Current Assets
Sum of investment in New Fixed Assets/Preceding Net Value of Fixed Assets
Other Fixed Assets (including certain leases)
Accounts Payable
Short-Term Notes Payable
Accruals and Oher Current Liabilities
Long-Term Debt
Preferred Stock
Common Stock
Paid-In Capital in Excess of Par on Common Stock
 20X3 20X4 20X5
2,871.125 3,201.304 3,569.454
1,282.250 1,429.709 1,594.125
1,588.875 1,771.596 1,975.329

312.367 354.692 402.621

243.000 262.440 283.435
118.875 136.415 152.649
78.75 82.688 115.000
752.992 836.234 953.704
835.883 935.361 1,021.625
21.150 22.366 23.652
857.033 957.727 1,045.277

10.600 11.236 11.910

53.000 56.180 59.551
63.600 67.416 71.461
793.433 890.311 973.816

178.802 179.536 175.007

138.571 176.588 214.520
317.373 356.125 389.526
476.060 534.187 584.290
95.000 95.000 95.000
381.060 439.187 489.290
3.811 4.392 4.893
258.960 304.877 341.549
122.100 134.310 147.741
ections on Income Statement
20X3 20X4 20X5

11.5% 11.5% 11.5%

8.0% 8.0% 8.0%

-10.0% -10.0% -10.0%

15.0% 15.0% 15.0%
5.0% 5.0%
115.00
5.75% 5.75% 5.75%
6.0% 6.0% 6.0%
6.0% 6.0% 6.0%
 10.0% 10.0% 10.0%

44.66% 44.66% 44.66%

0.2% 0.2% 0.2%
10.88% 11.08% 11.28%
40.0% 40.0% 40.0%
OMPANY
20X2 and Forecast for Next 3 Years
thousand
20X3 20X4 20X5
ETS
Assets
1,611.950 1,660.309 1,710.118
629.975 702.422 783.201
997.925 1,112.686 1,240.645
225.750 237.038 248.889
3,465.600 3,712.455 3,982.853
ts (at cost)
2,495.160 2,592.139 2,690.596
1,954.542 2,030.509 2,107.633
452.248 469.825 487.670
145.551 151.208 156.951
1,123.875 1,260.290 1,412.938
3,923.625 3,983.392 4,029.912
75.000 75.000 75.000
3,998.625 4,058.392 4,104.912
7,464.225 7,770.846 8,087.766
lities
Liabilities
334.500 372.968 415.859
1,313.250 1,352.648 1,393.227
149.350 153.831 158.445
1,797.100 1,879.446 1,967.531
1,901.000 1,902.000 1,903.000
3,698.100 3,781.446 3,870.531
er's Quity
200.000 200.000 200.000
1,000.000 1,000.000 1,000.000
1,985.000 1,985.000 1,985.000
618.960 923.837 1,265.385
 3,803.960 4,108.837 4,450.385
7,502.060 7,890.282 8,320.916

Surplus Surplus Surplus

20x3 20x4 20x5

3.0% 3.0% 3.0%

11.5% 11.5% 11.5%
11.5% 11.5% 11.5%
5.0% 5.0% 5.0%
5.0% 5.0% 5.0%
0.0% 0.0% 0.0%
11.5% 11.5% 11.5%
3.0% 3.0% 3.0%
3.0% 3.0% 3.0%
0.0% 0.0% 0.0%
0.0% 0.0% 0.0%
0.0% 0.0% 0.0%
0.0% 0.0% 0.0%
 20x2 20x3 20x4
Invesment in New Fixed assets 192.500 196.18125
Land and Buildings 49.43% 95.160 18,318.229
Machinery and Equipment 38.72% 74.542 14,349.279
Furniture and Fixtures 8.96% 17.248 3,320.179
Vehicles 2.88% 5.551 1,068.563

Land and Buildings 2,400.000 2,495.160 2,592.14

Machinery and Equipment 1,880.000 1,954.542 2,030.509
Furniture and Fixtures 435.000 452.248 469.825
Vehicles 140.000 145.551 151.208
sub-total 4,855.000 5,047.500 5,243.681
Less: Accumulated Depreciation 1,005.000 1,123.875 1,260.290
Net Fixed Assets 3,850.000 3,923.625 3,983.392

depreciation 100 118.875 136.415

Existing 90 106.9875
New purchasing 28.875 29.4271875
20x5
199.169578125
3,526,259.011
2,762,236.226
639,134.446
205,698.442

2,690.60
2,107.63
487.67
156.95
5,442.851
1,412.938
4,029.912

152.649
122.77321875
29.87543671875