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Balance Sheets Liabilities and Owners' Assets Equity 2020 2021 2020 2021 Current Assets Current liabilities $ 32,653 $ $ 16,911 $ 2$ 34,495 $
Balance Sheets Liabilities and Owners' Assets Equity 2020 2021 2020 2021 Current Assets Current liabilities $ 32,653 $ $ 16,911 $ 2$ 34,495 $ $ 84,059 $ Accounts payable Notes payable $ 34,886 $ $ 18,058 $ 2$ 18,871 $ $ 71,815 $ $ 110,000 $ Cash 39,350 44,285 Accounts receivable 28,877 16,848 Inventory 44,336 Other 25,619 Total 112,563 Total 86,752 Long-term debt Owners' equity Common stock and pai $ Accumulated retained $ 140,000 Fixed assets Net plant and equipment $ 441,099 $ 55,000 $ 288,343 $ 502,872 55,000 333,683 Total $ 343,343 $ 388,683 Total liabilities and Total assets 525,158 $ 615,435 owners' equity 24 525,158 $ 615,435 2019 Income Statement Sales $ 531,750 Costs of goods sold Depreciation 377,294 $ 46,686 Earnings before interest and taxes 107,770 Interest paid 20,650 Taxable income 87,120 Texes (25%) 21,780 Net income $ 65,340 Dividends 20,000 Retained earnings 45,340 Long-term solvency ratios Total debt ratio Debt-equity ratio Equity multiplier Times interest earned ratio cash coverage ratio Profitability ratios Profit margin ROA ROE
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