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Ended September 30, 2017 Income Sheet : Net sales $ 62,240 Cost of products sold 20,757 Gross profit $ 41,483 Marketing, research, administrative expense 16,700
Ended September 30, 2017 | ||
---|---|---|
Income Sheet : Net sales | $62,240 | |
Cost of products sold | 20,757 | |
Gross profit | $41,483 | |
Marketing, research, administrative expense | 16,700 | |
Depreciation | 580 | |
Operating income (loss) | $24,203 | |
Interest expense | 397 | |
Earnings (loss) before income taxes | $23,806 | |
Income taxes | 7,261 | |
Net earnings (loss) | $16,545 |
Balance Sheet :
Crane Consumer Products CompanBalance Sheet as of September 30, 2017 | ||||||
---|---|---|---|---|---|---|
Assets: | Liabilities and Equity: | |||||
Cash and marketable securities | $4,800 | Accounts payable | $4,210 | |||
Investment securities | 317 | Accrued and other liabilities | 6,260 | |||
Accounts receivable | 3,846 | Taxes payable | 2,410 | |||
Inventory | 4,500 | Debt due within one year | 6,710 | |||
Deferred income taxes | 908 | |||||
Prepaid expenses and other receivables | 1,552 | |||||
Total current assets | $15,923 | Total current liabilities | $19,590 | |||
Property, plant, and equipment, at cost | 27,804 | Long-term debt | 10,910 | |||
Less: Accumulated depreciation | 10,397 | Deferred income taxes | 1,690 | |||
Net property, plant, and equipment | $17,407 | Other noncurrent liabilities | 3,100 | |||
Net goodwill and other intangible assets | 24,900 | Total liabilities | $35,290 | |||
Other noncurrent assets | 1,640 | Convertible Class A preferred stock | 1,640 | |||
Common stock | 1,600 | |||||
Retained earnings | 21,340 | |||||
Total stockholders equity | $24,580 | |||||
Total assets | $59,870 | Total liabilities and equity | $59,870 |
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