McCormick Enterprises LTD Balance Sheet 2019 ASSETS 1,548,159 200,000 Cash Marketable Securities Accounts Receivable Inventory 9,610,325 550,328 N/A Other Current Assets Total Current Assets 11,908,811 29,753,625 Fixed Assets Other Assets TOTAL ASSETS 41.662.436 LIABILITIES AND SHAREHOLDERS' EQUITY Accounts Payable Other Current Liabilities 600,000 5,386,000 Total Current Liabilities 5,986,000 Long Term Debt 20.144,000 TOTAL LIABILITIES 26,130,000 SHARE CAPITAL(1,000,000 shares) RETAINED EARNINGS 8,000,000 7,532,436 TOTAL EQUITY 15,532,436 TOTAL LIABILITIES & SHAREHOLDERS EQUITY 41,684,436 McCormick Enterprises LTD Income Statement 2019 Sales $14,346,418 Cost of Goods Sold 7,787,687 Gross Margin 6,578,731 Expenses 2,642 188 Operating Income 3.936,543 753,687 3.182 856 Interest Expense Income before Taxes Taxes Income after taxes Common Stock Dividends 1 273,143 1 909,714 350.000 Net Pro $1559,714 CALCULATE SALESIACCOUNTS RECEIVABLES 0.12549 06700 14266