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Kids R Kids Company Selected data from the comparative financial statements are provided below: Kids R Kids Company Balance Sheet Accounts (all accounts have normal
Kids R Kids Company Selected data from the comparative financial statements are provided below:
Kids R Kids Company | ||
Balance Sheet Accounts | ||
(all accounts have normal balances) | ||
(in thousands) | ||
December 31, | ||
2013 | 2012 | |
Accounts payable and Accrued expenses | $3,141 | $3,249 |
Accrued income taxes | 1,037 | 1,056 |
Accumulated depreciation | 2,016 | 2,028 |
Buildings | 1,507 | 1,535 |
Cash and cash equivalents | 1,648 | 1,737 |
Common stock | 865 | 861 |
Containers | 124 | 157 |
Current maturities of long-term debt | 3 | 397 |
Deferred income taxes (long-term liability) | 424 | 426 |
Goodwill and other intangible assets | 547 | 668 |
Inventories | 890 | 959 |
Land | 19 | 183 |
Loans payable (short-term) | 4,459 | 2,677 |
Long-term investments | 8,549 | 6,501 |
Machinery & equipment | 3,855 | 3,896 |
Marketable securities | 159 | 106 |
Other long-term liabilities | 991 | 1,001 |
Other fixed assets | 21,952 | 20,919 |
Retained earnings | 7,608 | 6,773 |
Trade accounts receivable | 1,666 | 1,639 |
Kids R Kids Company | ||
Income Statement | ||
Selected amounts | ||
(in thousands) | ||
Year ended December 31, | ||
2013 | 2012 | |
Net sales | $18,813 | $18,868 |
Interest expense (all paid with cash) | 277 | 258 |
Income before income taxes | 5,198 | 6,055 |
Income taxes | 1,665 | 1,926 |
Net income | 3,533 | 4,129 |
Kids R Kids Company | ||
Statement of Cash Flows | ||
Selected amounts | ||
(in thousands) | ||
Year ended December 31, | ||
2013 | 2012 | |
Net cash provided by operating activities | $3,433 | $4,033 |
Financing activities: | ||
Cash dividends paid | (1,480) | (1,387) |
Purchase of treasury stock | (1,563) | (1,262) |
Issuance of debt | 1,818 | 155 |
Repayment of long-term debt | (410) | (751) |
Issuances of stock | 302 | 150 |
Refer to Kids R Kids Company. The total long-term liabilities at December 31, 2013, are (in thousands):
$______________
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