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C&F Store Statement of Financial Position As of December 31 Cash Accounts Receivable Inventory Prepaid Rent Delivery Van Total Assets 2014 110,000 90,000 129,000 12,000
C&F Store Statement of Financial Position As of December 31 Cash Accounts Receivable Inventory Prepaid Rent Delivery Van Total Assets 2014 110,000 90,000 129,000 12,000 550,000 891,000 2013 87,400 69,920 218,500 4,370 493,810 874,000 Accounts Payable Loan Payable Anistle Cruz, Capital Total Liabilities and Equity 75,000 400,000 416,000 891,000 67,298 393,300 413,402 874.000 C&F Store Statement of Comprehensive Income As of December 31 Sales Cost of Goods Sold Gross Profit Operating Expenses Interest Expense Net Income Requirements: 2014 810,000.00 348,300.00 461,700.00 234,900.00 40,500.00 186,300.00 2013 686,000.00 301,750.00 384,250.00 205,800.00 17,150.00 161,300.00 a. Compute for the company's profitability and operating efficiency ratios for 2014. b. Compute for the financial health ratios of the company in 2014
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