Dana Dairy Products For the Year Ended December 31, 2013 Sales (Revenue) Less, Cost of Goods Sold (COGS) Gross Profit Less, Operating Expense Earnings before Income and Taxes (EBIT) Less, Interest Expenses Earings before Tax (EBT) Less, Taxes (30%) Net Income (after Tax) S100,000 87.000 $13,000 $11,000 $2,000 $500 $1,500 450 $1,050 Balance Sheet Dana Dairy Products December 31, 2013 Assets Cash Acets. receivable Inventones Total current assets S1 000.00 9.900.00 S350.00 S8,000.00 0.00 5,675.00 $16.250.00 Liabilities and Equity Accounts payable Notes payable Accruals Total current liabilities Long-term bonds Total debt Common stock 50.000 Share Retained eammg Total common equity Total liabilities & equity 22 6.125.00 $19.800.00 1.000.00 151200.00 Net plant & equip. Total assets 19.750.00 16.000,00 36,000.00 BUM NLLLLLLLLLLLLLS Balance Sheet Dana Dairy Products December 31, 2013 Assets Cash Acets receivable Inventones Total current assets $1,000.00 9.900.00 5.350.00 Liabilities and Equity Accounts payable Notes payable Accruals Total current liabilities Long-term bonds Total debt Common stock (50,000 shares) Retained earnings Total common equity Total habilities & equity $8,000.00 0.00 5.675.00 ?? 6.125.00 $19,800.00 $16,250.00 1,000.00 Net plant & equip. Total assets 19.750.00 22 15,200.00 16,200.00 136 000.00 (See Table 3.2) The quick ratio for Dana Dairy Products in 2013 was 01.19 0 0.63 1.10 0.91 0.80