Joshua & White Technology: December 31 Balance Sheets
(Thousands of Dollars)
	2021			2020
Assets
Cash	$	18,900		$	18,000
Short-term investments		4,151			3,040
Accounts receivable		53,500			47,500
Inventories		79,000			57,000
Total current assets	$	155,551		$	125,540
Net fixed assets		214,837			190,000
Total assets	$	370,388		$	315,540
Liabilities & Equity
Accounts payable	$	34,650		$	33,000
Accruals		12,075			11,500
Notes payable		19,322			7,000
Total current liabilities	$	66,047		$	51,500
Long-term debt		69,056			58,380
Total liabilities	$	135,103		$	109,880
Common stock		160,000			160,000
Retained earnings		75,285			45,660
Total common equity	$	235,285		$	205,660
Total liabilities & equity	$	370,388		$	315,540

Joshua & White Technology: Income Statements for Year
Ending on December 31 (Thousands of Dollars)
	2021			2020
Sales	$	399,000		$	380,000
COGS excluding depreciation and amortization		286,000			285,000
Depreciation and amortization		18,920			17,100
Other operating expenses		26,400			20,900
EBIT	$	67,680		$	57,000
Interest expense		5,840			4,600
EBT	$	61,840		$	52,400
Taxes (25%)		15,460			13,100
Net income	$	46,380		$	39,300
Common dividends	$	16,755		$	15,720
Additions to retained earnings	$	29,625		$	23,580
Other Data	2021			2020
Year-end stock price	$	78.00		$	85.00
Number of shares (Thousands)		4,052			4,000
Lease payment (Thousands of Dollars)	$	19,000		$	19,000
Sinking fund payment (Thousands of Dollars)	$	5,000		$	5,000

  
 
 

Ratio Analysis Joshua & White Technologies: December 31 Balance Sheets (Thousands of Dollars) Assets Cash Short-term investments Accounts receivable Inventories Total current assets Net fixed assets Total assets Liabilities & Equity Accounts payable Accruals Notes payable Total current liabilities Long-term debt Total liabilities Common stock Retained eamings Total common equity Total liabilities & equity 2021 $18,900 4,151 53,500 79,000 $155,551 214,837 $370,388 $34,650 12,075 19,322 $66,047 69,056 $135,103 160,000 75,285 $235,285 $370,388 2020 $18,000 3,040 47,500 57,000 $125,540 190,000 $315,540 $33,000 11,500 7,000 $51,500 58,380 $109,880 160,000 45,660 $205,660 $315,540