Financial Statements 2015 2014 Balance Sheet Cash Short term investments Account

Question

Financial Statements 2015 2014 Balance Sheet Cash Short term investments Accounts Receivable Inventories 12,000.00 $ 25,000.00 $ Total Current Assets Equipment, machinery etc. Buildings etc. less: allowance for depreciation Net fixed Assets 7,282.00 20,000.00 670,000.00 632,160.00 1,516,480.00 $ 1,287,360.00 2348000 S 1.946.802.00 514,062.00 500,000.00 702,950.00 $ 702,950.00 373,160.00 263,160.00 843,852.00 $-939,790.00 3,067.332.00 S 2,886,592.00 2,223 480.00 Total Assets 372,000.00 $ 605,000.00 $ 324,000.00 Accounts Payable Notes Payable accruals 720,000.00 Total Current liabilities Long-term debt Common Stock Retained Earnings 380,300.00 284,960.00 1357 300.00 1.328 960.00 905,000.00 1,000,000.00 660,000.00 460,000.00 97,632.00 145,032.00 $ 805,032.00 557,632.00 3,067 332.00$ 2,886,592.00 Total common equity Total Liabilities and Equity Income Statement Sales Cost of Goods Sold 6,520,000.00 5,834,400.00 6,520,000.00 $ 5,834,400.00 5,492,000.00 $ 4,922,000.00 Gross Profit Operating Expenses 340,000.00 347,000.00 S 327,000.00 $ Fixed Cash op. Expense Variable op. Expense Depreciation Total operating expense Eanings before Interest and Taxes 110,000.00 S 116,960.00 784,000.00 s-732.960.00 179,440.00 176,000.00 3,440.00 1,376.00 2,064.00 244,000.00 $ 145,000.00 S178,000.00 Interest Earnings before Taxes Taxes (40%) Net Income 99,000.00 $ 39,600.00 $ 59.400.00

Explanation / Answer

The company is generating cash from long term debt , common stock and retained earnings and they are using this cash for operating prospective like fixed cash op expences and variable operating expences.

according to the financial prespective they are acuiring funds from acconts payble and notes payble. they disterbute it into for different financial reqirements like for the pay ment of taxes,salariesETC.

Related Questions

Navigate

• Browse (All)
• Browse F
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.