Jones Electrical Distribution Harvard Business School Case No. 4179-PDF-ENG 6-!r-1"
E#h 1
EXHIBIT 1
&!era'in$ S'a'e(en's )or *ears Endin$ Dece(+er ,1 %""4-%""6 and )or Firs' uar'er %""7 /'housands o) dollars0
%""4 216%4 1,"4
%"" 21916 1,
%""6 2%%4% 1313
1s' 'r. %""7a 26"3 499
G5&SS P5&F
,%"
,31
4%4
1"9
&!era'in$ e#!ense + n'eres' e#!ense Ne' inco(e +e)ore 'a#es Provision )or inco(e 'a#es Ne' inco(e
%7% %7 %1 7 214
,"7 ," 44 1 2%9
,47 ,1 46 16 2,"
94 3 7 % 2
Ne' sales o'al cos' o) $oods sold
/a0 n 'he rs' 8uar'er o) %""6 sales ere 214""" and ne' inco(e as 24""". /+0 &!era'in$ e#!enses include a nor(al level o) cash salar: )or ;r.
E#h %
EXHIBIT 2
Balance Shee's a' Dece(+er ,1 %""4-%""6 and ;arch ,1 %""7 /'housands o) dollars0
Cash ccoun's receiva+le ne' nven'or: Curren' asse's Pro!er': > e8ui!(en' ccu(ula'ed de!recia'ion o'al PP>E ne' o'al asse's ccoun's !a:a+le ?ine o) credi' !a:a+le ccrued e#!enses ?on$-'er( de+' curren' !or'ion Curren' lia+ili'ies ?on$-'er( de+' o'al lia+ili'ies Ne' or'h o'al lia+ili'ies and ne' or'h
%""4 24 137 %4, 47
%"" 2, %,1 %73 6%
%""6 2%, %64 ,79 666
1s' 'r. %""7 2,% %9" 4,, 7
137 74 11,
%"% 99 1",
%% 1,4 113
%% 14% 11"
233
266
2734
236
2,6 149 1, %4 %%%
24% %14 14 %4 %94
21%" %49 14 %4 4"7
2%", %" 1% %4 439
13% 4"4 134 233
13 4% %1, 266
1,4 41 %4, 2734
1%3 617 %43 236
Pa$e ,
Financial S'a'e(en's )or
For :ears endin$ 1%A,1
%""4
%""
%""6 vera$e
1.""" ".3",
1.""" ".3"1
1.""" ".311
G5&SS P5&F
".197
".199
".139
&!era'in$ e#!ense + n'eres' e#!ense Ne' inco(e +e)ore 'a#es Provision )or inco(e 'a#es Ne' inco(e
".167
".16"
".""4
".""3
Forecas's %""7
Income Statement Ne' sales o'al cos' o) $oods sold
".3"
".3"
".1
".161
".161
".""7
".""6
".""6
Financial S'a'e(en's )or
For :ears endin$ 1%A,1
%""4
%""
"."%3 ".11 ".1"
"."%3 ".1%1 ".14
%""6 vera$e
Forecas's %""7
Balance Sheet Cash ccoun's receiva+le ne' nven'or:
"."1" ".113 ".169
"."%% ".113 ".1
"."%% ".113 ".1
Pro Forma Income Statement 1/1/2007 throuh 12 /2 1"""s0 %""7 Ne' sales
%7""
Cos' o) $oods sold
%17,
G5&SS P5&F
%7
&!era'in$ e#!ense
4,4
n'eres' e#!ense
41
Ne' inco(e +e)ore 'a#es
%
Provision )or inco(e 'a#es
17
Ne' inco(e
,4
Dividends ddi'ion 'o re'ained earnin$s
" ,4
/!1/2007
Co((en's $iven ".3" # sales
.161 # sales avera$e o) +e$innin$Aend o) :ear oed 'o !ar'ner
."66 # sales
Pro Forma Balance Sheet 12/!1/2007 %""7 9
Co((en's ."%% # ne' sales
ccoun's receiva+le ne'
,13
.113 # ne' sales
nven'or: Curren' asse's
417 79
.1 # ne' sales
Pro!er': ne' o'al asse's
111 9"6
avera$e o) %""4 6
?ine o) Credi' Pa:a+le
,37
!lu$
Cash
ccoun's !a:a+le
33
.",, # ne' sales
ccrued e#!enses
19
.""7 # ne' sales
?on$-'er( de+' curren' !or'ion Curren' lia+ili'ies
%4 13
%4"""A:ear 'o erden
?on$-'er( de+' o'al lia+ili'ies
11" 6%3
%""6 a(oun' -%4"""
Ne' or'h o'al lia+ili'ies and Ne' or'h
%77 9"6
%""6 ne' inco(e
