XACC 291 Ratio Analysis Memo for Riordan Mfg- For Abhishek Jain
| Riordan Manufacturing, Inc. | ||
|
| ||
|
| 2011 | 2010 |
|
| ||
| Sales | $66,608,660 | $56,534,254 |
| Direct Cost of Goods Sold | 51,592,470 | 43,970,250 |
| Gross Margin | $15,016,190 | $12,564,004 |
|
| ||
| Operating Expenses | ||
| Sales, Marketing & Other | $1,328,615 | $1,265,348 |
| Depreciation | 1,378,616 | 1,152,125 |
| Quality Assurance | 1,151,176 | 1,112,247 |
| Research & Development | 1,039,637 | 962,627 |
| General & Administrative | 4,954,751 | 4,674,293 |
| Machining & Systems | 143,808 | 125,050 |
| Total Operating Expenses | $9,996,603 | $9,291,690 |
| Profit Before Interest & Taxes | $5,019,587 | $3,272,314 |
|
| ||
| Non-Operating Expenses | ||
| Interest Expense | $604,616 | $121,533 |
| Taxes | 1,104,309 | 719,909 |
| Total Non-Operating Expenses | $1,708,925 | $841,442 |
| Net Profit After Taxes | $3,310,662 | $2,430,872 |
