G. Mauck Inc. G. Mauck Inc. Income Statement Comparative Balance Sheets For years ended December 31, 2017 and 2018 December 31, 2018 and 2017 2018 2017 Change 2018 2017 Current assets: Sales (all on credit) $518,000 $466,000 Cash $85,640 $59,900 $25,740 Cost of goods sold (318,000) (261,000) Accounts receivable (net) 36,000 30.000 6.000 Gross margin 200,000 205,000 Inventory 55,000 52.000 3.000 Prepaid expenses 1,200 2,600 -1.400 Depreciation expense 37,000 51,000 Other current assets 1,640 2.500 -860 Other operating 112,000 93,000 Total current assets 179,480 147,000 32,480 expenses Total operating 149,000 144,000 expenses Operating income 51.000 61,000 Long-term Investments 78.000 54,000 24.000 Other income (expenses) Plant assets 305,000 255,000 50,000 Interest expense (5,400) (4,000) Less: accumulated depreciation (77,800) (51,000) 26.800 5,400 3,800 Total plant assets 227200 204,000 23,200 Gain on sale of investments Loss on sale of plant assets Total other income (expenses) (2.600 (3.100) Total assets 484.680 405,000 79,680 (13,400) (3,300) Current liabilities: Income before income taxes Income taxes expense Net income 48,400 57,700 (14,520) (17,310) $33,880 $40,390 Accounts payable Accrued liabilities Income taxes payable Total current liabilities $35,300 2.400 1,100 38.800 $36,000 $-700 2.000 400 4,000 -2.900 42,000 3,200 269,000 307,800 200,000 69.000 242.000 65,800 O G. Mauck Inc. Long term liabilities: Statement of Retained Earnings Notes Payable For the year ended December 31, 2018 Total liabilities 2018 2017 Ret, earnings, Jan. 1 $38,000 $0 Stockholders' equity Add: net income 33,880 40.390 Common stock, $5 par value Deduct: Dividends (20,000). (2.390). Additional paid-in capital Increase in retained 13,880 38,000 Retained earnings earnings Ret. earnings, Dec. 31 $51,880 $38,000 Total stockholders' equity Total liabilities and stockholders' equity 100.000 25,000 100.000 25,000 51,880 176,880 38,000 13,880 163,000 13,880 $484.680 $405,000 $79,680 20,000 20,000 Other information: Shares of common stock outstanding Earnings per share Dividends per share Market price per share, common stock $1.69 $1 $15 $2.02 $0.12 $13 from Oper Inc St Bal St Inc St Bal Sheet Ratios Choose Numerator Enter Numerator Value Choose Denominator Enter Denominator Value Ratio Current ratio Acid-test ratio Inventory turnover Days' sales in inventory Accounts receivable turnover Days' sales in receivables Total asset turnover Debt-to-equity ratio Profit margin Return on total assets Return on common stockholders' equity Price/earnings ratio (P/E) Dividend yield