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Condensed balance sheet and income statement data for Jernigan Corporation are presented here. JERNIGAN CORPORATION Balance Sheets December 31 2014 2013 2012 Cash $ 31,485
Condensed balance sheet and income statement data for Jernigan Corporation are presented here.
JERNIGAN CORPORATION Balance Sheets December 31 | ||||||
2014 | 2013 | 2012 | ||||
Cash | $ 31,485 | $ 21,485 | $ 19,485 | |||
Accounts receivable (net) | 51,485 | 46,485 | 49,485 | |||
Other current assets | 94,200 | 99,200 | 68,200 | |||
Investments | 59,200 | 74,200 | 49,200 | |||
Plant and equipment (net) | 500,000 | 370,000 | 358,000 | |||
$736,370 | $611,370 | $544,370 | ||||
Current liabilities | $ 86,485 | $ 81,485 | $ 71,485 | |||
Long-term debt | 149,200 | 89,200 | 54,200 | |||
Common stock, $10 par | 324,200 | 314,200 | 304,200 | |||
Retained earnings | 176,485 | 126,485 | 114,485 | |||
$736,370 | $611,370 | $544,370 |
JERNIGAN CORPORATION Income Statements For the Years Ended December 31 | ||||
2014 | 2013 | |||
Sales revenue | $744,200 | $604,200 | ||
Less: Sales returns and allowances | 41,485 | 31,485 | ||
Net sales | 702,715 | 572,715 | ||
Cost of goods sold | 429,200 | 354,200 | ||
Gross profit | 273,515 | 218,515 | ||
Operating expenses (including income taxes) | 181,485 | 151,485 | ||
Net income | $ 92,030 | $ 67,030 |
Additional information:
1. | The market price of Jernigan |
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