Question
Assets 2015 2016 Current Asset $ 213,664 $ 200,151 Plant assets $ 341,575 $ 158,228 Intangible assets $ 448,423 $ 287,848 Total assets $ 1003,662
| Assets | 2015 | 2016 | |
| Current Asset | $ 213,664 | $ 200,151 | |
| Plant assets | $ 341,575 | $ 158,228 | |
| Intangible assets | $ 448,423 | $ 287,848 | |
| Total assets | $ 1003,662 | $ 646,227 | |
| Liabilities | |||
| Current Liabilities | $ 57,622 | $ 41,147 | |
| Long term liabilities | $ 247,500 | $ 108,440 | |
| Total Liabilities | $ 305,122 | $ 149,587 | |
| Stakeholders equity | |||
| Common Stock | $ 126,921 | $ 21,264 | |
| Retained Earnings | $ 46,460 | $ 9,526 | |
| Total stockholder equity | $ 173,381 | $ 30,791 | |
| Total liability and stockholders equity | $ 478,503 | $ 180,378 | |
| Group 1 | |||
| 2015 | 2016 | ||
| Sales | $ 1742,712 | $ 1575,753 | |
| Sales Returns and Allowances | $ 139,417 | $ 189,090 | |
| Net Sales | $ 1603,295 | $ 1386,663 | |
| Cost of Goods Sold | 697,084.80 | $ 709,089 | |
| Gross Profit | $ 906,210 | $ 677,574 | |
| Selling Expense | $ 226,553 | $ 236,363 | |
| Administrative Expense | $ 156,844 | $ 228,484 | |
| Total Operating Expenses | $ 383,397 | $ 464,847 | |
| Income before Income taxes | $ 522,814 | $ 212,727 | |
| Income tax expense | $ 289,987 | $ 248,181 | |
| Net Income/(Loss) | $ 232,826 | $ (35,454) | |
| Group 1 | |||
| 2015 | 2016 | ||
| Retained Earnings Jan 1 | $ 73,634 | $ 44,981 | |
| Add Net Income | $ 232,826 | $ (35,454) | |
| Less Dividends | $ 260,000 | $ - | |
| Retained Earnings Dec 31 | $ 46,460 | $ 9,526 | |
| Complete: horizontal analysis vertical analysis Financial ratios for both years | |||
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