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Balance Sheet Cash Accounts Receivable 31-Dec-14 31-Dec-13 $52,000 $60,000 198,000 80,000 Marketable Securities 80,000 40,000 Inventories 440,000 360,000 Prepaids 3,000 7,000 Total Current Assets
Balance Sheet Cash Accounts Receivable 31-Dec-14 31-Dec-13 $52,000 $60,000 198,000 80,000 Marketable Securities 80,000 40,000 Inventories 440,000 360,000 Prepaids 3,000 7,000 Total Current Assets 773,000 547,000 Property, Plant, and Equipment, net 857,000 853,000 Total Assets $1,630,000 $1,400,000 Current Liabilities $240,000 $160,000 Bonds Payable 400,000 400,000 Common Equity 990,000 840,000 Total Liabilities & Equity $1,630,000 $1,400,000 Income Statement 2014 2013 Sales $1,640,000 $1,574,000 Cost of Goods Sold 800,000 725,000 Gross Profit 840,000 849,000 SG&A 440,000 430,000 Interest Expense 40,000 25,000 Net Income $360,000 $394,000 Key Ratios 2014 Current Ratio 3.220 Acid Test (Quick Ratio) 250000.000
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