Annual Report DEFINITIONS: Common Size: The common size column simply represents each item as a percentage of total assets for that year. Cash: Your end-of-year cash position. Accounts Receivable: Reflects the lag between delivery Chester C59559 Balance Sheet ASSETS 2020 Common Size Dec. 31, 2020 2019 Cash $35,128 17.4% $20,692 Accounts Receivable and payment of your products. Inventories: The Inventory current value of your inventory across all $10,726 $7,537 5.3% $9,908 3.7% $10,683 products. A zero indicates your company stocked Total Current Assets lout. Unmet demand would, of course, fall to your competitors. Plant & Equipment: The current value of your plant. Accum Deprec: The total accumulated depreciation from your plant. Accts Payable: What the company currently owes suppliers for materials and services. Current LIABILITIES & OWNERS EQUITY Debt: The debt the company is obligated to pay Total Assets during the next year of operations. It includes emergency loans used to keep your company solvent should you run out of cash during the year. Long Term Debt The company's long term debt is in the form of bonds, and this represents the total value of your bonds. Common Stock: The amount of capital invested by shareholders in the company. Retained Earnings: The profits that the company chose to keep instead of paying to shareholders as dividends. Accounts Payable Current Debt Long Term Debt $53,391 28.4% $41,283 Plant & Equipment $219,160 108.4% $165,300 Accumulated Depreciation ($70,426) -34.8% ($57,176) Total Fixed Assets $148,734 73.6% $108,124 $202,126 100.0% $149,408 $6,673 3.3% $6,605 $33,924 16.8% $21,771 $83,106 41.1% $59,132 Total Liabilities $123,703 61.2% $87,508 Common Stock $38,390 18.0% $18,534 Retained Earnings $42,033 20.8% $43,368 Total Equity $78,423 38.8% $81,900 Total Liab. & O. Equity $202,126 100.0% $149,408 Cash Flow Statement The Cash Flow Statement examines what happened in the Cash Account during the year. Cash injections appear as positive numbers and cash withdrawals as negative numbers. The Cash Flow Statement is an excellent tool for diagnosing emergency loans. When negative cash flows exceed positives, you are forced to seek emergency funding. For example, if sales are bad and you find yourself carrying an abundance of excess inventory, the report would show the increase in inventory as a huge negative cash flow. Too much unexpected inventory could outstrip your inflows, exhaust your starting cash and force you to beg for money to keep your company afloat. Cash Flow Summary Chester Cash Flows from Operating Activities: Net Income (Loss) Depreciation Extraordinary gains/losses/writeoffs Accounts Payable Inventory Accounts Receivable Net cash from operations Cash Flows from Investing Activities: Plant Improvements Cash Flows from Financing Activities: Dividends Paid 2020 2019 ($1,333) $4,417 $13,251 $9,887 SO $68 $808 $3,148 ($4,206) (5819) ($130) $14,314 $10,775 ($53,880) ($40,900) 40,000 20,000 -20,000 -40,000 Operations Finance Chg. Cash Operations Chg. Cash Investment Finance Annual Report Annual Report Sales of Common Stock Purchase of Common Stock Cash from long term debt Retirement of long term debt $17,858 SO $35,274 ($11,300) SO $4,203 $0 $17,740 SO $12,154 ($3,738) Change in current debt (net) Net cash from financing activities Net change in cash position Closing cash position $53,983 $18,204 $14,437 ($11,921) $35,128 $20,692 Top Chester C59559 2020 Income Statement Page 1 Round: 2 Dec. 31, 2020 (Product Name:) Sales Crimp $24.994 Cake $41,889 Cedar $25,295 Cid $22,731 Coat $15,596 2020 Common Cure Na Na Total Size SO SO SO $130,506 100.0% Variable Costs: Direct Labor $3,382 Direct Material $9,134 Inventory Carry $193 Total Variable $12,709 $11,097 $19,530 $94 $30,721 $5,063 $10,780 $333 $16,177 $4,681 $4,302 $28,525 21.9% $9,080 $7,281 SO SO $55,806 42.8% $285 $14,048 SO $904 0.7% $11,583 SO $0 $85,235 65.3%