Amerbran Company (a)
Case 11-2
Amerbran Company (A)
Amerbran Company was a diversified company that sold various consumer products, including food, tobacco, distilled products, and personal care products and financial services. Financial statements for the company are shown in Exhibit 1.
EXHIBIT 1
AMERBRAN COMPANY
Balance Sheets As of December 31
(In thousands)
20x1 20x0
Assets $ 28,912 $ 23,952
Accounts receivable 756,152 687,325
Inventories 1,244,912 1,225,402
Prepaid expenses 76,140 77,167 Total current assets 2,106,116 2,013,846
Investments 1,116,534 1,058,637
Property, plant, and equipment, at cost 1,566,268 1,366,719
Less accumulated depreciation 723,442 645,734
Goodwill 645,210 577,606
Other assets 115,826 62,374 Total assets $4,826,512 $4,433,448
Liabilities and shareholder’s Equity
Accounts payable $ 271,452 $ 238,377
Short-term debt 430,776 351,112
Accrued expenses payable 922,990 728,262 Total current liabilities 1,625,218 1,317,751
Long term liabilities 880,674 932,828 Total liabilities 2,505,892 2,250,579
Convertible preferred stock 33,828 42,611
Common stock at par 322,834 161,417
Additional paid in capital 53,641 57,072
Treasury stock at cost
Amerbran Company (A)
Amerbran Company was a diversified company that sold various consumer products, including food, tobacco, distilled products, and personal care products and financial services. Financial statements for the company are shown in Exhibit 1.
EXHIBIT 1
AMERBRAN COMPANY
Balance Sheets As of December 31
(In thousands)
20x1 20x0
Assets $ 28,912 $ 23,952
Accounts receivable 756,152 687,325
Inventories 1,244,912 1,225,402
Prepaid expenses 76,140 77,167 Total current assets 2,106,116 2,013,846
Investments 1,116,534 1,058,637
Property, plant, and equipment, at cost 1,566,268 1,366,719
Less accumulated depreciation 723,442 645,734
Goodwill 645,210 577,606
Other assets 115,826 62,374 Total assets $4,826,512 $4,433,448
Liabilities and shareholder’s Equity
Accounts payable $ 271,452 $ 238,377
Short-term debt 430,776 351,112
Accrued expenses payable 922,990 728,262 Total current liabilities 1,625,218 1,317,751
Long term liabilities 880,674 932,828 Total liabilities 2,505,892 2,250,579
Convertible preferred stock 33,828 42,611
Common stock at par 322,834 161,417
Additional paid in capital 53,641 57,072
Treasury stock at cost