ScholarMatic: Explanation & Answer
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| Cash and Cash Equivalents | 4,960.00 | 2,494.00 |
| Receivables, net | 1,398.00 | 1,413.00 |
| Inventory | 12,350.00 | 11,512.00 |
| Other Current Assets | 895.00 | 900.00 |
| Property and Equipment, at cost | 36,033.00 | 38,491.00 |
| Accumulated Depreciation and Amortization |
(15,684.00) | (17,473.00) |
| Goodwill | 1,289.00 | 1,046.00 |
| Deferred Tax Asset | 88.00 | 473.00 |
| Accounts Payable | 5,797.00 | 5,192.00 |
| Accrued Salaries and Related Expenses |
1,428.00 | 1,200.00 |
| Sales Taxes Payable | 396.00 | 472.00 |
| Deferred Revenue | 1,337.00 | 1,262.00 |
| Income Taxes Payable | 12.00 | (107.00) |
| Current Installments of Long-Term Debt |
33.00 | (783.00) |
| Other Accrued Expenses | 1,746.00 | 1,794.00 |
| Long-Term Debt, excluding current installments |
14,691.00 | 9,475.00 |
| Other Long-Term Liabilities | 2,042.00 | 2,029.00 |
| Deferred Tax Liability | 457.00 | 545.00 |
| Paid-In Capital | 8,402.00 | 7,948.00 |
| Retained Earnings | 23,180.00 | 20,038.00 |
| Accumulated Other Comprehensive Income |
46.00 | 397.00 |
| Treasury Stock | (19,194.00) | (10,694.00) |
| Common stock | 88.00 | 88.00 |
| Net Sales | 78,812.00 | 74,754.00 |
| Cost of Sales | 51,430.00 | 48,912.00 |
| Selling, General and Administrative | 16,597.00 | 16,508.00 |
| Depreciation and Amortization | 1,595.00 | 1,568.00 |
| Interest and Investment Income | (12.00) | (87.00) |
| Interest Expense | 711.00 | 632.00 |
| Provision for Income Taxes | (3,082.00) | (2,686.00) |
| Foreign Currency Translation Adjustments |
100.00 | |
| Cash Flow Hedges, net of tax | (12.00) | 5.00 |
| Other Comprehensive Income | (10.00) | (1.00) |
| Dividends | (2,243.00) | (1,743.00) |
| Tax rate | 40% | 40% |
| Shares Issued Under Employee Stock Plans |
103.00 | 678.00 |
| Tax Effect of Stock-Based Compensation |
123.00 | 82.00 |
| Restricted Stock | 228.00 | 222.00 |
| Repurchases of Common Stock | (8,500.00) | (4,000.00) |
| Additional Info: | ||
| Cash Sales | 4,523.00 | 4,356.00 |
| Collections on Receivables | 6,739.00 | 6,038.00 |
| Purchases | (1,332.00) | (1,276.00) |
| Wages | (987.00) | (905.00) |
| Payments to Suppliers | (1,028.00) | (1,121.00) |
| Tax Payments | (275.00) | (204.00) |
| Interest payments | (12.00) | (10.00) |
| Capital Expenditures | (1,389.00) | (1,312.00) |
| Payments for Businesses Acquired | (206.00) | (170.00) |
| Proceeds from Sales of Property and Equipment |
88.00 | 50.00 |
| Proceeds from Long-Term Borrowings | 5,222.00 | – |
| Repayments of Long-Term Debt | (1,289.00) | (32.00) |
| Repurchases of Common Stock | (8,546.00) | (3,984.00) |
| Proceeds from Sales of Common Stock | 241.00 | 784.00 |
| Cash Dividends Paid to Stockholders | (2,243.00) | (1,743.00) |
| Other Financing Activities | (37.00) | (59.00) |
ScholarMatic: Explanation & Answer
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