ABC Company

Income statement

period: Jan. $1-$ Dec. $31202$X

$20222021$

Sales $2,486,0002,075,000$

Cost of Goods sold $1,523,0001,222,000$

Gross Profit $963,000853,000$

Operating Expenses $778,000750,000$

Operating Income $185,000103,000$

Interest Expense $44,00046,000$

Income before taxes $141,00057,000$

Income taxes $47,00019,000$

Net Income $94,00038,000$

ABC Company

Balance Sheet

as of December $31202$X

$20222021$

Asset

Current Assets

Cash $79,00042,000$

Short$-$term investments $65,00096,000$

Accounts recievable $120,000100,000$

Merchandising Inventory $250,000265,000$

Total Current Assets $514,000503,000$

Property, Plant Equipment $1,170,0001,175,000$

Total Assets $1,684,0001,678,000$

Liabilities

Current Liabilities

Accounts Payable $164,000190,000$

Credit Facilities $($short term loans$)75,00090,000$

Wages Payable $26,00012,000$

Total Current Liabilites $265,000292,000$

Long term Liabilites

Mortgage $400,000420,000$

Total Liabilites $665,000712,000$

Equity

Owners Equity $475,000475,000$

Retained Earnings $544,000491,000$

Total Equity $1,019,000966,000$

Total Equity & Liabilites $1,684,0001,678,000$

$1.$ current ratio

$2.$ acid test ratio

$3.$ average receivables

$4.$ day sales collected

$5.$ average inventory

$6.$ inventory turnover

$7.$ debt ratio

$8.$ times interest earned

$9.$ profit margin ratio

$10.$ return on assets