Long-term Financial Demands

 Essay upon Long Term Monetary Needs

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Long-Term Economical Needs

FIN/486

International Fund Paper

Huffman Trucking has adjusted to the needed within our sector. They were in a position to double their very own fleet in the first 10 years of business and it proves all their dedication and to the success of this kind of business. The business has continuing to advance in technology and is able to stay competitive and to transfer to different locations with ease. Huffman Trucking's vision is to remain competitive with other trucking businesses by offering the cheapest prices, offering quality services, and to carry on and grow financially over the next few years. Balance Sheet and Income Affirmation

Taking take great pride in in our buyers is Huffman's main goal and we'll continue to reach out to key buyers and maintain a powerful relationship with them. Using large cities throughout the Us gives us a huge advantage over our competitors. Keeping up with upgrades and top of the line equipment has caused Huffman to be recognized as a high player in the trucking sector. Reviewing all financial info has helped to see we are taking the forex market by advances but we are able to always be better. The balance linen and the cash flow statement beneath will give an improved description showing how well the corporation is increasing year over year. Profits Statement

2012

2011

Earnings

$1, 198, 039

$1, 109, 295

Operating Expenditures

Salaries, Salary & Rewards

$438, 686

$406, 191

Fuel Charge

$344, 236

$318, 737

Operating Products and Bills

$127, 084

$117, 670

Purchased Transport

$149, 191

$138, 140

Operating Income taxes & Permits

$20, 556

$19, 033

Insurance & Claims

$12, 955

$11, 995

Provision for Downgrading

$3, two hundred fifty

$3, 009

Total Functioning Expenses

$1, 095, 958

$1, 014, 775

Operating Income from Continuing Procedures

$102, 081

$94, 520

Interest Price

$489

$466

Tax Expense

$41, 864

$34, 887

Net Income

$60, 217

$59, 167

2011

$1, 109, 295

Balance Sheet

Resources

2012

2011

Current Property

Cash & Cash Equivalents

$96, 837

$89, 664

Accounts Receivable

$56, 019

$51, 869

Prepaid Expenses & Materials

$6, 768

$6, 267

Total Current Assets

$159, 624

$147, 800

Company Operating House (at cost)

$92, 145

$85, 306

Less: Allocation for Devaluation

($75, 099)

($69, 536)

Net Carrier Operating House

$17, 031

$15, 770

Assets of Discontinued Operations

$8, 117

$7, 516

Goodwill (net)

$53, 840

$49, 852

Other Property

$50, 033

$46, 327

Total Assets

$555, 910

$267, 265

Current Liabilities

Accounts Payable

$44, 128

$40, 843

Salaries & Wages

$40, 283

$37, 299

Current Portion of Long term Debt

$1, 892

$1, 752

Shipment & Injury Claims Payable

$11, 220

$10, 389

Total Current Liabilities

$97, 505

$90, 283

Long lasting Liabilities

Built up Pension & Post Pension Health Care

$69, 182

$64, 058

Long-Term Debt

$7, 892

$7, 307

Total Long Term Debts

$77, 074

$71, 365

Shareholders' Collateral

Common Share

$4. nineteen

$3. 88

($1 doble value

Approved: 20, 1000, 000 shares)

Treasury Shares

($1. 95)

($1. 95)

Retained Earnings

$114, 064

$105, 615

Total Shareholders' Equity

$114, 066

$105, 617

Total Liabilities and Shareholders' Equity

$288, 645

$267, 265

$406, 191

Percent of Product sales

After reviewing the profits statement and balance sheet, it can be clear to see that Huffman Transportation is making great strides fiscally. Looking at the net income as percent we see that the total revenue minus total cost displays the profit ($1, 198, 039 - $1, 095, 958 = $102, 081). The profit is then divided by the total number of revenue $102, 081 / $1, 198, 039 = almost 8. 52%. This proves there is a low profit for Ryan Trucking.

Current Ratio

Current proportion is important to see how Ryan Trucking is able to meet their very own...

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