Income Statement

Cline Custom Bikes

Income Statement ($000)

For year ended December 31, 2000

Sales revenue $2,200

Less Cost of goods sold $1,420

Gross profit $ 780

Less operating expenses

Selling expense $300

G&A $270

Depreciation $ 30

Total operating expenses $ 600

Operating profits $ 180

Less interest expense $ 29

Net profit before tax $ 151

Less taxes (30%) $ 45

Net profit after tax $ 106

Statement of Retained Earnings

Retained Earnings balance (Jan 1 2000) $ 80

Plus: net profit after tax (for 2000) 106

Less cash dividends on common (76)

Retained Earnings balance (Dec 31, 2000) $ 110

Balance Sheet ($000)

December 31

Assets 2000 1999

Current assets

Cash $ 30 $ 50

Marketable Securities 10 20

Accounts receivable 320 350

Inventory 460 320

Total Current Assets $ 820 $ 740

Gross Fixed Assets $ 560 $ 520

Less accumulated depreciation $ 180 $ 150

Net fixed assets $ 380 $ 370

Total Assets $1,200 $1,110

Liabilities & stockholders equity

Current liabilities

Accounts payable $ 390 $ 320

Notes payable $ 110 $ 90

Accruals $ 20 $ 20

Total current liabilities $ 520 $ 430

Long-term Debt $ 320 $ 350

Total Liabilities $ 840 $ 780

Stockholders Equity

Common stock (500,000 shares, $0.20 par) $ 100 $ 100

Paid-in capital in excess of par $ 150 $ 150

Retained earnings $ 110 $ 80

Total stockholders equity $ 360 $ 330

Total liabilities & stockholders equity $1,200 $1,110

Using the Financial Statements above
Complete the Ratios below:
	2014	2015
Current Ratio
Quick Ratio
Inventory Turnover
Avg Collection Period
Debt Ratio
Times Interest Earned	XXXXXXXXX
Gross Profit Margin
Net Profit Margin
Earnings Per Share
Return on Assets
Return on Equity
P/E Ratio