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C . Utley Inc. C . Utley Inc. Income Statement Comparative Balance Sheets For years ended December 3 1 , 2 0 1 7 and
C Utley Inc. C Utley Inc. Income Statement Comparative Balance Sheets For years ended December and December and Change Current assets: Sales all on credit $ $ Cash $ $ $ Cost of goods sold Accounts receivable net Gross margin Inventory Prepaid expenses Depreciation expense Other current assets Other operating expenses Total current assets Total operating expenses Operating income Longterm Investments Other income expenses Plant assets Interest expense Less: accumulated depreciation Gain on sale of investments Total plant assets Loss on sale of plant assets Total assets Total other income expenses Current liabilities: Income before income taxes Accounts payable $ $ $ Income taxes expense Accrued liabilities Net income $ $ Income taxes payable Total current liabilities C Utley Inc. Long term liabilities: Statement of Retained Earnings Notes Payable For the year ended December Total liabilities Ret. earnings, Jan. $ $ Stockholders' equity Add: net income Common stock, $ par value Deduct: Dividends Additional paidin capital Increase in retained earnings Retained earnings Ret. earnings, Dec. $ $ Total stockholders equity Total liabilities and stockholders equity $ $ $ Other information: Shares of common stock outstanding Earnings per share $ $ Dividends per share $ $ Market price per share, common stock $ $tableC Utley Inc.Partial Balance Sheet Vertical analysisFor the years ended December and LiabilitiesCurrent liabilities:Accounts payableAccrued liabilitiesIncome taxes payableTotal current liabilities,Notes payable,Total liabilities,Stockholders EquityCommon stock, $ parAdditional paidin capitalRetained earningsTotal stockholders' equity,Total liabilities and stockholders' equity,
C Utley Inc. C Utley Inc.
Income Statement Comparative Balance Sheets
For years ended December and December and
Change
Current assets:
Sales all on credit $ $ Cash $
$
$
Cost of goods sold Accounts receivable net
Gross margin Inventory
Prepaid expenses
Depreciation expense Other current assets
Other operating expenses Total current assets
Total operating expenses
Operating income Longterm Investments
Other income expenses Plant assets
Interest expense Less: accumulated depreciation
Gain on sale of investments Total plant assets
Loss on sale of plant assets Total assets
Total other income expenses
Current liabilities:
Income before income taxes Accounts payable $ $ $
Income taxes expense Accrued liabilities
Net income $ $ Income taxes payable
Total current liabilities
C Utley Inc. Long term liabilities:
Statement of Retained Earnings Notes Payable
For the year ended December Total liabilities
Ret. earnings, Jan. $ $ Stockholders' equity
Add: net income Common stock, $ par value
Deduct: Dividends Additional paidin capital
Increase in retained earnings Retained earnings
Ret. earnings, Dec. $ $ Total stockholders equity
Total liabilities and stockholders equity $ $ $
Other information:
Shares of common stock outstanding
Earnings per share $ $
Dividends per share $ $
Market price per share, common stock $ $tableC Utley Inc.Partial Balance Sheet Vertical analysisFor the years ended December and LiabilitiesCurrent liabilities:Accounts payableAccrued liabilitiesIncome taxes payableTotal current liabilities,Notes payable,Total liabilities,Stockholders EquityCommon stock, $ parAdditional paidin capitalRetained earningsTotal stockholders' equity,Total liabilities and stockholders' equity,
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