4212 -8- Exhibit 1 Selected Operating Projections for Match My Doll Clothing Line Expansion ($ in thousands) 2011 2012 2013 2014 2015 2016 2019 2020 $ 9,082 $ 10,59311,440 $ 12,355 13,344 80% Revenue $ 14,411 ue Grow 52.4% 80% Production Costs Fixed Production Expense (excl depreciation) Variable Production Costs 660 7,079 674 7,685 5,078 5,521 152 5,029 2,102 7,132 Depreciation o Total Production Costs 5,419 Selling, General & Administrative Total Operating Expenses 2,762 1,155 $ 3,917 4,131 1,735 2,648 $ 8,969 2,452 $ 9,687 10,462 $11,299 Operating Profit $ (1,250) Q Working Capital Assumptions Minimum Cash Balance as % of Sales 5 Days Sales Outstanding I Inventory Turnover (prod. cost/ending inv.) 8 Days Payable Outstanding (based on tot. op. exp.) 59.2x 59.2x 59.2x 59.2x 59.2x 12.7x 31.0x 59.2x 59.2x 59.2x 59.2x 30.9x 31.0x 31.0x api 2 Exhibit 2 Selected Operating Projections for Design Your Own Doll (S in thousands) 2011 2013 2014 2015 2016 2018 2020 $ 6,000 14,360 139.3% 20,222 40.8% S 21,435 22,721 60% Revenue 24,084 25,529 27,061 S 28,685 Revenue 6.0% 60% 60% Growth Production Costs Fixed Production Expense (excl depreciation) Variable Production Costs 1,683 7,651 1,650 1,786 1,858 1,895 15,694 11,427 12,182 13,833 16,712 C 520 17,113 ż Depreciation Total Production Costs 18,140 5,412 $18,65619,775 20,962 22,219 23,553 16,145 o Selling, General & Administrative 5,737 S 24,966 Total Operating Expenses $ 5,45012,566 $ 17,498 Operating Profit Working Capital Assumptions: Minimum Cash Balance as % of Sales Days Sales Outstanding $(1,201) $0 550 1,794$ 2,7242,779 2,946 3,123 3,310 3,509 3,719C 3.0% 3.0% 59.2x 59.2x 59.2x 59.2x 59.2x 59.2x OInventory Turnover (prod. cost/ending inv.) 12.7x 33.9x Days Payable Outstanding (based on tot. op. exp.) 33.9x 33.9x 33.9x 33.9x 33.9x 33.9x 4,610 $ 2,192 $ 1,043
4212 -8- Exhibit 1 Selected Operating Projections for Match My Doll Clothing Line Expansion ($ in thousands) 2011 2012 2013 2014 2015 2016 2019 2020 $ 9,082 $ 10,59311,440 $ 12,355 13,344 80% Revenue $ 14,411 ue Grow 52.4% 80% Production Costs Fixed Production Expense (excl depreciation) Variable Production Costs 660 7,079 674 7,685 5,078 5,521 152 5,029 2,102 7,132 Depreciation o Total Production Costs 5,419 Selling, General & Administrative Total Operating Expenses 2,762 1,155 $ 3,917 4,131 1,735 2,648 $ 8,969 2,452 $ 9,687 10,462 $11,299 Operating Profit $ (1,250) Q Working Capital Assumptions Minimum Cash Balance as % of Sales 5 Days Sales Outstanding I Inventory Turnover (prod. cost/ending inv.) 8 Days Payable Outstanding (based on tot. op. exp.) 59.2x 59.2x 59.2x 59.2x 59.2x 12.7x 31.0x 59.2x 59.2x 59.2x 59.2x 30.9x 31.0x 31.0x api 2 Exhibit 2 Selected Operating Projections for Design Your Own Doll (S in thousands) 2011 2013 2014 2015 2016 2018 2020 $ 6,000 14,360 139.3% 20,222 40.8% S 21,435 22,721 60% Revenue 24,084 25,529 27,061 S 28,685 Revenue 6.0% 60% 60% Growth Production Costs Fixed Production Expense (excl depreciation) Variable Production Costs 1,683 7,651 1,650 1,786 1,858 1,895 15,694 11,427 12,182 13,833 16,712 C 520 17,113 ż Depreciation Total Production Costs 18,140 5,412 $18,65619,775 20,962 22,219 23,553 16,145 o Selling, General & Administrative 5,737 S 24,966 Total Operating Expenses $ 5,45012,566 $ 17,498 Operating Profit Working Capital Assumptions: Minimum Cash Balance as % of Sales Days Sales Outstanding $(1,201) $0 550 1,794$ 2,7242,779 2,946 3,123 3,310 3,509 3,719C 3.0% 3.0% 59.2x 59.2x 59.2x 59.2x 59.2x 59.2x OInventory Turnover (prod. cost/ending inv.) 12.7x 33.9x Days Payable Outstanding (based on tot. op. exp.) 33.9x 33.9x 33.9x 33.9x 33.9x 33.9x 4,610 $ 2,192 $ 1,043
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
2. What are the
Transcribed Image Text:4212 -8-
Exhibit 1
Selected Operating Projections for Match My Doll Clothing Line Expansion ($ in thousands)
2011
2012
2013
2014
2015
2016
2019
2020
$ 9,082
$ 10,59311,440 $ 12,355 13,344
80%
Revenue
$ 14,411
ue Grow
52.4%
80%
Production Costs
Fixed Production Expense (excl depreciation)
Variable Production Costs
660
7,079
674
7,685
5,078
5,521
152
5,029
2,102
7,132
Depreciation
o Total Production Costs
5,419
Selling, General & Administrative
Total Operating Expenses
2,762
1,155
$ 3,917
4,131
1,735
2,648
$ 8,969
2,452
$ 9,687 10,462 $11,299
Operating Profit
$ (1,250)
Q Working Capital Assumptions
Minimum Cash Balance as % of Sales
5 Days Sales Outstanding
I Inventory Turnover (prod. cost/ending inv.)
8 Days Payable Outstanding (based on tot. op. exp.)
59.2x
59.2x
59.2x
59.2x
59.2x
12.7x
31.0x
59.2x
59.2x
59.2x
59.2x
30.9x
31.0x
31.0x
api
2 Exhibit 2
Selected Operating Projections for Design Your Own Doll (S in thousands)
2011
2013
2014
2015
2016
2018
2020
$ 6,000 14,360
139.3%
20,222
40.8%
S 21,435 22,721
60%
Revenue
24,084 25,529
27,061
S 28,685
Revenue
6.0%
60%
60%
Growth
Production Costs
Fixed Production Expense (excl depreciation)
Variable Production Costs
1,683
7,651
1,650
1,786
1,858
1,895
15,694
11,427
12,182
13,833
16,712 C
520
17,113
ż Depreciation
Total Production Costs
18,140
5,412
$18,65619,775 20,962 22,219 23,553
16,145
o Selling, General & Administrative
5,737
S 24,966
Total Operating Expenses
$ 5,45012,566 $ 17,498
Operating Profit
Working Capital Assumptions:
Minimum Cash Balance as % of Sales
Days Sales Outstanding
$(1,201)
$0
550 1,794$ 2,7242,779 2,946
3,123 3,310 3,509
3,719C
3.0%
3.0%
59.2x
59.2x
59.2x
59.2x
59.2x
59.2x
OInventory Turnover (prod. cost/ending inv.)
12.7x
33.9x
Days Payable Outstanding (based on tot. op. exp.)
33.9x
33.9x
33.9x
33.9x
33.9x
33.9x
4,610
$ 2,192
$ 1,043
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