4 A B c D E F H 1 K L M 5 7 Income Statement for year 2011 Veritical 2010 230.000 100.0% 200.000 Vertical Net Sales Revenue (all Credit Sales) 100.0% Cost of Goods Sold 165,000 71.7% 150,000 75.0% Gross Profit 65,000 28.3% 50.000 25.0% Salaries & admin Expense Depreciation Expense Income before Tax 9,500 16,500 41,000 4.1% 6.3% 17.8% 10,000 14.000 26.000 5.0% 7.0% 13.0% Tax expense 11,000 4.8% 5,000 2.5% 9 10 11 12 13 14 15 16 17 18 99 20 21 22 23 24 25 26 27 20 20 30 31 22 33 4 35 10 Net Income Shares Outstanding Stock Price 30.000 120,000 16.00 13.0% 52.2% 0.0% $ 211.000 120.000 12.00 10.5% 60.0% 0.0% $ 2010 Horizontal Difference Balance sheet 2 year ond 2011 Current Assets Cash 33,000 Accounts Receivables, net (2009 ending 20,000) 33,000 Inventory (2009 ending 25,000) 27.000 Total Current Assets 93 000 20,000 14.000 20,000 54.000 13,000 19,000 7,000 39,000 39.4% 576% 25.9% 41.946 Property Plant & Equipment Accumulated depreciation 60,000 (29,000) 78.000 (24.000) (18,000) (5,000) -300 1724 Total Assets 124.000 108.000 16,000 12 10 30 40 41 42 43 Accounts Payable Income Tax Payable Total Current Liabilities Bonds Payable Total Liabilities 29,000 7,000 36,000 27.000 63,000 15.000 8,000 23.000 33.000 56,000 14.000 (1,000) 13,000 16,000) 7.000 483 14 30.1% 11.14 4,000 5,000 16,000 22.2% 116 12.9% 44 45 40 65 66 07 60 69 70 71 72 73 74 75 76 2 84 85 Common Stock 18,000 14.000 Retained Earings 43,000 38.000 Total Liabilities and Shareholders Equity 124.000 108.000 ADDITIONAL INFORMATION Dividends declared and paid 25000 Equipment was sold for 8.500, it was bought for 18.000 and had a book value of 4,500 when sold All sales are credit sales 10 In the space below, create the Cash Flow Statement for 2011 Statement of Cash Flows 2011 Cash from OPERATING ACTIVITIES Cash from INVESTING ACTIVITIES 91 92 Cash from FINANCING ACTIVITIES: 98 99 Change in Cash 13,000.0