Annual Report
Annual Report
Erie
C127855
Balance Sheet
DEFINITIONS: Common Size: The common size column
simply represents each item as a percentage of total
assets for that year. Cash: Your end-of-year cash
position. Accounts Receivable: Reflects the lag between
delivery and payment of your products. Inventories: The
current value of your inventory across all products. A zero
indicates your company stocked out. Unmet demand
would, of course, fall to your competitors. Plant &
Equipment: The current value of your plant. Accum
Deprec: The total accumulated depreciation from your
plant. Accts Payable: What the company currently owes
suppliers for materials and services. Current Debt: The
debt the company is obligated to pay during the next year
of operations. It includes emergency loans used to keep
your company solvent should you run out of cash during
the year. Long Term Debt: The companys long term debt
is in the form of bonds, and this represents the total value
of your bonds. Common Stock: The amount of capital
invested by shareholders in the company. Retained
Earnings: The profits that the company chose to keep
instead of paying to shareholders as dividends.
ASSETS
Cash
Account Receivable
Inventory
Total Current Assets
$65,336
2024
Common
Size
38.3%
6.5%
11.2%
56.0%
$0
$7,553
$44,429
$51,982
$51,431
$116,767
79.5%
-35.4%
44.0%
100.0%
$132,000
($51,400)
$80,600
$132,582
$85,293
2.2%
15.6%
55.2%
73.0%
$4,300
$37,211
$52,750
$94,261
$31,474
$116,767
27.3%
-0.3%
27.0%
100.0%
$31,836
$6,486
$38,322
$132,582
$44,704
$7,567
$13,065
Plant & Equipment
Accumulated Depreciation
Total Fixed Assets
Total Assets
LIABILITIES & OWNERS
EQUITY
$92,800
($41,369)
Accounts Payable
Current Debt
Long Term Debt
Total Liabilities
$2,625
$18,188
$64,480
Common Stock
Retained Earnings
Total Equity
Total Liab. & O. Equity
$31,836
($362)
Cash Flow Statement
The Cash Flow Statement examines what happened in the Cash Account
during the year. Cash injections appear as positive numbers and cash
withdrawals as negative numbers. The Cash Flow Statement is an excellent
tool for diagnosing emergency loans. When negative cash flows exceed
positives, you are forced to seek emergency funding. For example, if sales
are bad and you find yourself carrying an abundance of excess inventory,
the report would show the increase in inventory as a huge negative cash
flow. Too much unexpected inventory could outstrip your inflows, exhaust
your starting cash and force you to beg for money to keep your company
afloat.
Annual Report
Round: 3
Dec. 31, 2024
Cash Flows from Operating Activities
Net Income(Loss)
Depreciation
Extraordinary gains/losses/writeoffs
Accounts Payable
Inventory
Accounts Receivable
Net cash from operation
Cash Flows from Investing Activities
Plant Improvements
Cash Flows from Financing Activities
Dividends paid
Sales of common stock
Purchase of common stock
Cash from long term debt
Retirement of long term debt
Change in current debt(net)
Net cash from financing activities
Net change in cash position
Closing cash position
2023
2024
($6,847)
$6,187
($1,343)
($1,674)
$31,365
($15)
$27,673
2023
($12,131)
$8,800
($263)
($6,841)
$10,966
$2,562
$3,092
$24,325
$6,890
$0
$0
$0
$11,730
$0
($19,024)
($7,294)
$44,704
$44,704
$0
$476
$0
$0
($6,950)
($3,508)
($9,982)
$0
$0
Page 1
Annual Report
Erie
Round: 3
Dec. 31, 2024
C127855
2024 Income Statement
(Product Name)
$0
2024
Total
$92,069
Common
Size
100.0%
$0
$0
$0
$0
$0
$0
$0
$0
$28,696
$34,609
$1,568
$64,872
31.2%
37.6%
1.7%
70.5%
Eat
Ebb
Echo
Edge
Egg
Ebb2
Sales
$32,975
$27,150
$10,819
$6,735
$7,502
$6,888
$0
Variable Costs:
Direct Labor
Direct Material
Inventory Carry
Total Variable
$9,925
$12,634
$0
$22,558
$9,445
$9,743
$483
$19,671
$2,785
$4,082
$637
$7,504
$1,962
$2,984
$225
$5,172
$2,235
$2,969
$223
$5,428
$2,344
$2,196
$0
$4,539
Contribution Margin
$10,416
$7,479
$3,315
$1,563
$2,074
$2,349
$0
$0
$27,197
29.5%
Period Costs:
Depreciation
SG&A: R&D
Promotions
Sales
Admin
Total Period
$1,647
$621
$1,500
$1,500
$627
$5,894
$2,300
$0
$1,500
$1,500
$516
$5,816
$880
$1,000
$2,000
$2,000
$206
$6,086
$420
$702
$1,000
$1,000
$128
$3,250
$420
$634
$1,000
$1,000
$143
$3,196
$520
$0
$1,500
$1,500
$131
$3,651
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$6,187
$2,957
$8,500
$8,500
$1,749
$27,893
6.7%
3.2%
9.2%
9.2%
1.9%
30.3%
Net Margin
$4,523
$1,663
($2,771)
($1,687)
($1,122)
($1,302)
$0
$0
($696)
-0.8%
($756)
$61
$2,273
$8,321
($3,687)
$0
($6,847)
-0.8%
0.1%
2.5%
9.0%
-4.0%
0.0%
-7.4%
Definitions: Sales: Unit Sales times list price. Direct Labor: Labor costs incurred to produce the product
that was sold. Inventory Carry Cost: the cost unsold goods in inventory. Depreciation: Calculated on
straight-line. 15-year depreciation of plant value. R&D Costs: R&D department expenditures for each
product. Admin: Administration overhead is estimated at 1.5% of sales. Promotions: The promotion budget
for each product. Sales: The sales force budget for each product. Other: Chargs not included in other
categories such as Fees, Write offs, and TQM. The fees include money paid to investment bankers and
brokerage firms to issue new stocks or bonds plus consulting fees your instructor might assess. Write-offs
include the loss you might experience when you sell capacity or liquidate inventory as the result of
eliminating a production line. If the amount appears as a negative amount, then you actually made money
on the liquidation of capacity or inventory. EBIT: Earnings Before Interest and Taxes. Short Term Interest:
Interest expense based on last years current debt, including short term debt, long term notes that have
become due, and emergency loans, Long Term Interest: Interest paid on outstanding bonds. Taxes:
Income tax based upon a 35% tax rate. Profit Sharing: Profits shared with employees under the labor
contract. Net Profit: EBIT minus interest, taxes, and profit sharing.
Annual Report
Other
EBIT
Short Term Interest
Long Term Interest
Taxes
Profit Sharing
Net Profit
Page 2