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Balance Sheet 12/31/20 Assets Cash 200,000 Supplies 231,000 AR 503,000 Inventory 389,000 Land 572,000 Bld 1,500,000 Machinery 1,866,000 Vehicles 633,000 Equipment 98,000 Total Assets 5,992,000

Balance Sheet 12/31/20
Assets
Cash 200,000
Supplies 231,000
AR 503,000
Inventory 389,000
Land 572,000
Bld 1,500,000
Machinery 1,866,000
Vehicles 633,000
Equipment 98,000
Total Assets 5,992,000
Liability & Stockholder
AP 382000
Saalries Payable 159000
Note Payable 79000
Long term debt 1073000
Common stock 191000
PREFFERED STOCK 678000
Rearnings 3430000
Total Libility and capital 5992000
Income Statement
12/31/2020
Revenues 3174000
Sales 2088000
CGS 1086000
gp
operting
Adverting 200000
Salries 128000
Depreciation 200000
Interest 94000
Travel 39000
661000
IBT 425000
Tax expense 125000
NIAT 300000
1 Yer 365 days
credit sales 80 % on sales
credit purchase=40% of cgs
dividend on ps 50,000
dividens on cs 60000
principal payment 40,000
incme tax rate 10%
2.Calculate liquidity ratios
3.Activity Ratios
4.Debt ratio
5.Profit Ratio

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