TOY WORLD - Seasonal Production

This spreadsheet replicates Case Exhibits 1 and 2 under the assumption of zero interest rates. Please complete the cash flow statement below.
Then replicate the entire model for level production. Hint: remember that COGS=Beginning Inventory+Labor+Materials-Ending Inventory!
INCOME STATEMENT
Sales
Cost of Goods Sold
Gross Profit

month:

12

1
120
84
36

2
140
98
42

3
160
112
48

4
140
98
42

5
140
98
42

6
140
98
42

7
160
112
48

8
1620
1134
486

9
1840
1288
552

10
2140
1498
642

11
2285
1600
686

12
1115
781
335

Sum
10000
7000
3000

Cash OpExp (assumed)

Depreciation (assumed)
Total Operating Expenses (from case)
EBIT

190
10
200
-164

190
10
200
-158

190
10
200
-152

190
10
200
-158

190
10
200
-158

190
10
200
-158

190
10
200
-152

190
10
200
286

190
10
200
352

190
10
200
442

190
10
200
486

190
10
200
135

2280
120
2400
600

Interest Expense
Interest Income
EBT

0
0
-164

0
0
-158

0
0
-152

0
0
-158

0
0
-158

0
0
-158

0
0
-152

0
0
286

0
0
352

0
0
442

0
0
486

0
0
135

0
0
600

Taxes
Net Profit

-56
-108

-54
-104

-52
-100

-54
-104

-54
-104

-54
-104

-52
-100

97
189

120
232

150
292

165
320

46
89

204
396

12

10

11

12

ASSETS
Cash (from Cash Flow statement below)
Accounts Receivable
Inventories
Current Assets
Plant&Equipment

200
2905
586
3691
1176

883
1060
586
2529
1176

1531
260
586
2377
1176

1257
300
586
2143
1176

1058
300
586
1944
1176

920
280
586
1786
1176

702
280
586
1568
1176

536
300
586
1422
1176

200
1780
586
2566
1176

200
3460
586
4246
1176

200
3980
586
4766
1176

200
4425
586
5211
1176

200
3400
586
4186
1176

Total

4867

3705

3553

3319

3120

2962

2744

2598

3742

5422

5942

6387

5362

LIABILITIES & EQUITY

Accounts Payable
282
Bank Note (from Cash Flow statement below) 752
Accrued Taxes
88
Long Term Debt Current Portion
50
Current Liabilities
1172
Long Term Debt
400
Equity
3295

36
0
32
50
118
400
3187

42
0
-21
50
71
400
3082

48
0
-161
50
-63
400
2982

42
0
-250
50
-158
400
2878

42
0
-304
50
-212
400
2774

42
0
-392
50
-300
375
2669

48
0
-444
50
-346
375
2569

486
420
-347
50
609
375
2758

552
1717
-262
50
2057
375
2990

642
1705
-112
50
2285
375
3282

686
1621
53
50
2410
375
3602

335
873
64
50
1321
350
3691

Total

4867

3705

3553

3319

3120

2962

2744

2598

3742

5422

5942

6387

5362

12

1
200
?
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752
883
0

2
883
?
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?
?
1531
0

3
1531
?
?
?
?
1257
0

4
1257
?
?
?
?
1058
0

5
1058
?
?
?
?
920
0

6
920
?
?
?
?
702
0

7
702
?
?
?
?
536
0

8
536
?
?
?
?
200
420

9
200
?
?
?
?
200
1717

10
200
?
?
?
?
200
1705

11
200
?
?
?
?
200
1621

12
200
?
?
?
?
200
873

Cash in:
Inflow #1
Inflow #2
=Total Cash Inflow

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Cash out:
Outflow #1
Outflow #2
Outflow #3
Outflow #4
Outflow #5
Outflow #6
Outflow #7
Outflow #8
=Total Cash Outflow

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CASH FLOW STATEMENT

Beginning Cash Balance
+Total Cash Inflow (from below)
-Total Cash Outflow (from below)
=Cash before any Loan repayment
Begin Loan balance
Cash after any Loan repayment
Ending Loan Balance

200
752