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complete set of financial statements using the adjusted trial balance presented including the following: Income statement, comprehensive income statement, statement of shareholders's equity, classified balance
complete set of financial statements using the adjusted trial balance presented including the following: Income statement, comprehensive income statement, statement of shareholders's equity, classified balance sheet and statement of cash flow.
Raven Inc. | ||||
Adjusted Trial Balance | ||||
Quarter ended 3/31/24 | ||||
12/31/23 | 3/31/24 | |||
DR | CR | DR | CR | |
Cash | $ 11,575 | $ 9,489 | ||
Cash equivalents | $ 14,338 | $ 35,282 | ||
Marketable securities | $ 40,388 | $ 41,656 | ||
Accounts receivable, net | $ 23,186 | $ 18,077 | ||
Inventories | $ 3,956 | $ 4,988 | ||
Non-trade receivables | $ 25,809 | $ 18,904 | ||
Other current assets | $ 12,087 | $ 12,432 | ||
Marketable securities | $ 170,799 | $ 158,608 | ||
Property, plant and equipment | $ 41,304 | $ 39,597 | ||
Accumulated depreciation | ||||
Other non-current assets | $ 22,283 | $ 34,686 | ||
Accounts payable | $ 55,888 | $ 44,293 | ||
Other current liabilities | $ 32,687 | $ 36,703 | ||
Deferred revenue | $ 7,543 | $ 5,546 | ||
Commercial paper | $ 11,964 | $ 11,969 | ||
Term debt | $ 8,784 | $ 9,772 | ||
Deferred revenue, long-term | $ 2,797 | $ - | ||
Notes payable, long-term | $ 93,735 | $ 92,989 | ||
Long-term taxes payable | $ 33,589 | $ 30,948 | ||
Other noncurrent liabilities | $ 15,325 | $ 23,607 | ||
Common stock | $ 40,201 | $ 40,970 | ||
Retained earnings | $ 8,384 | $ 70,400 | ||
Dividends | $ 9,766 | |||
Accumulated other comprehensive income | $ 2,670 | $ 3,454 | ||
Net sales | $ 265,595 | $ 84,310 | ||
Cost of sales | $ 163,756 | $ 52,279 | ||
Research & development | $ 14,236 | $ 3,902 | ||
Selling, general & administrative | $ 16,705 | $ 4,783 | ||
Interest & Dividend income | $ 1,452 | $ 1,307 | ||
Interest expense | $ 734 | $ 890 | ||
Realized loss on investments | $ 79 | |||
Other income (expense) | $ 38 | $ 222 | ||
Income tax expense | $ 13,216 | $ 3,896 | ||
Unrealized gain on marketable securities | $ 1,015 | $ 176 | ||
Loss on foreign currency translation | $ 269 | $ 94 | ||
Unrealized loss on derivatives | $ 194 | $ 350 | ||
$ 578,251 | $ 578,251 | $ 453,212 | $ 453,212 |
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