Assets $ 46,250.00 $ 30,000.00 600.00 Current Assets Cash Accounts Receivable Allowance for Doubtful Accounts Net Receivable Prepaid Rent Office Supplies Total Current Assets 29,400.00 2,700.00 900.00 79.250.00 $ $ 70,100.00 6,700.00 $ 63,400.00 Long-Term Assets Office Equipment Accum. Depr.-Office Equipment Net Office Equipment Computer Equipment Accum. Depr.-Computer Equipment Net Computer Equipment Total Long Term Assets Total Assets $ 23,000.00 4,600.00 18,400.00 81,800.00 $ 161,050.00 Liabilities $ Current Liabilities Accounts Payable Salaries Payable Income Taxes Payable Total Liabilities 47,330.00 920.00 6,000.00 $ 54,250.00 Stockholder's Equity $ Capital Stock, $0.01 Par Value Paid in Capital in Excess of Par Retained Eamings Total Stockholder's Equity 18.00 82.782.00 24,000.00 106,800.00 Total Liabilities and Stockholder's Equity $ 161,050.00 A Byte of Accounting, Inc. Income Statement For Year Ending December 31, 2020 Revenues Sales Revenue $ 451,235.00 Cost of Goods Sold 225,665.00 Gross Profit $ 225,570.00 $ 32,400.00 109,480.00 4,685.00 15,105.00 2,470.00 281.00 11,377.08 1,062.25 5,870.00 Operating Expenses Rent Expense Salary Expense Advertising Expense Repairs & Maint. Expense Supplies Expense Insurance Expense Depreciation Expense Bad Debt Expense Telephone Expense Total Operating Expenses Income From Operations Before Interest and Income Taxes Interest Expense Net Income Before Tax Income Tax Expense pared to demam Net Income After Tax 182,730.33 $ 42,839.67 10,030.01 $ 32,809.66 8.202.42 $ 24,607.24 A Byte of Accounting, Inc. Statement of Stockholders' Equity For Year Ending December 31. 2020 Balance, Beginning of Period Issue of Common Stock Cash Dividends Net Income Balance, End of Period Common Total Stock, $0.01 Additional Paid-in- Retained Capital par value Earnings Stockholders' Equity $ 18.00 $ 82,782.00 $ 24,000.00 $ 106,800.00 23.00 57,477.00 57,500.00 2,255.00 2.255.00 24,607.24 24,607.24 $ 41.00 $ 140,259.00 $ 46,352.24 $ 186,652.24 $ 294,383.40 $ 21,445.00 1,072.25 Current Assets Cash Accounts Receivable Allowance for Doubtful Accounts Net Receivable Prepaid Insurance Prepaid Rent Office Supplies Inventory Total Current Assets 20,372.75 6,463.00 2.700.00 830.00 678.00 $ 325,427.15 $ 74,600.00 13,477.08 $ 61,122.92 Long-Term Assets Office Equipment Accum. Depr.-Office Equipment Net Office Equipment Computer Equipment Accum. Depr.-Computer Equipment Net Computer Equipment Total Long-Term Assets Total Assets $ 23,000.00 9,200.00 13,800.00 74.922.92 $ 400,350.07 Liabilities $ 20,368.00 8,965.00 20.25 1,380.00 8,202.42 $ 38,935.67 Current Liabilities Accounts Payable Advanced Payment Interest Payable Salaries Payable Income Taxes Payable Total Current-Liabilities Long-Term Liabilities Notes Payable Bond Payable Premium on Bond Payable Net Bond Payable Total Long-Term Liabilities Total Liabilities $ 4,050.00 $ 160,000.00 10,712.16 170,712.16 174.762.16 $ 213,697.83 Stockholder's Equity $ Capital Stock, $0.01 par value Paid in Capital in Excess of Par Retained Eamings Total Stockholder's Equity 41.00 140,259.00 46,352.24 186,652.24 Total Liabilities and Stockholder's Equity $ 400,350.07 A Byte of Accounting Statement of Cash Flows - Indirect Method For Year Ending December 31, 2020 Cash Flow from Operating Activities $ 24,607.24 11,377.08 9,027.25 (6,463.00) 70.00 (678.00) (17,516.75) 2,202.42 Net Income Adjustments to reconcile net income to net cash flows from operating activities: Depreciation expenses Decrease in accounts receivable Increase in prepaid Insurance Change in prepaid rent Decrease in office supplies Increase in inventory Decrease in payables Increase in income tax payable Net cash flows from operations Cash Flows from Investing Activities Purchase of equipment Net cash flows from investing activities Cash Flows from Financing Activities Issuance of common stock Proceeds from issuance of bonds payable Payment of cash dividends Net cash flows from financing activities Net increase (decrease) in cash Cash at the beginning of the period Cash at the end of the period $ 22,626.24 (450.00) (450.00) $ 57,500.00 170,712.16 (2,255.00) 225,957.16 $ 248,133.40 46,250.00 $ 294,383.40 Noncash Activities Purchased equipment by issuing note payable $ 4,050.00 Profit Margin Ratio Net Income Net Sales Basic Earnings per Share Net Income - Preferred Dividends Average Shares of Common Stock Outstanding Annual Cash Dividend Per Share Market Price Per Common Share Dividend Yield Price-Earnings Ratio Market Price Per Common Share Earnings Per Share Stockholders' Equity Applicable to common Shares Number of Common Shares Outstanding Book Value per Common Share Total Asset Turnover Debt-to-Equity Ratio Net Sales Average Total Assets Total Liabilities Total Equity Average Inventory Cost of Goods Sold Days' Sales in Inventory Retum on Assets Net Income Average Total Assets Debt Ratio Total Liabilities Total Assets Income Before Interest Expense and income Tax Expense Interest Expense Times Interest Earned Current Ratio Current Assets Current Liabilities Days' Sales Uncollected Accounts Receivable Net x 365 days Not Sales Acid-Test Ratio CathShort-Term Investments Current Receivables Current Libilities Cash Flow on Total Assets Cash Flow From Operations Average Total Assets Account Receivable Turnover Ratio Net Credit Sales Average Account Receivables Inventory Turnover Ratio Cost of Goods Sold Average Inventory Gross Margin Ratio Gross Profit Net Sales