Income Statement for year 2011 230.000 2010 200,000 Net Sales Revenue at Credit Sales 165.000 150,000 Cost of Goods Sold Gross Profit SOU 30.000 Sales & admin Expense Depreciation Expense Income before Tax 9.500 14 300 7 000 10.000 14.000 20.000 Tax expense 14.000 5.000 Net Income Shares Outstanding Stock Price 10000 15.00 2000 150 12.00 5 5 2010 Balance sheet year end 2011 Current Assets Cash 33 000 Accounts Receivables.net 2009 ending 20.000) 33.000 Inventory (2000 ending 25.000) 27.000 Total Current Assets Property Plant & Equipment 80.000 Accumulated depreciation 29.000 Total Assets 124.000 20.000 14.000 20.000 34000 78.000 24.000) 108.000 Accounts Payable Income Tax Payable Total Current Liabilities Bonds Payable Total Liabilities 20.000 7.000 36.000 27000 15.000 3,000 21,000 33 000 WOO 2. Common Stock Retained Earrings Total Liabilities and Shareholders Equity Find 18.000 43.000 124.000 14,000 38.000 108,000 2011 2010 1 Current Ratio 2 Price Esmings Ratio 3 Accounts Receivable Turnover 4 Inventory Turnover 6 Earning per share onore Dividends) Qorabo Acid Test 7 Debt Ratio 8 Do a Horizontal Analysis of the Balance sheet above difference and Do it right next to the Balance Sheet Do a Vertical analysis of the Income Statement above Do it right next to the income statement 2011 and 2010 ADDITIONAL INFORMATION All sales are credit sales