Monroe Mustangs, Inc. Balance Sheet As of December 31, 2018 Monroe Mustangs, Inc. Income Statement Period Ending December 31, 2018 Current Assets Cash and Cash Equivalents $ Short Term Investments Accounts Receivable, net Inventory Other Current Assets Total Current Assets 9,158,000 6,967,000 6,694,000 2,723,000 1,547,000 27,089,000 Long Term Investments Property, Plant and Equipment Total Assets $ 1,950,000 45,090,000 74,129,000 Total Sales Revenue Cost of Goods Sold $ Gross Profit 62,799,000 28,209,000 34,590,000 Operating Expenses Selling, General & Administrative Other Operating Income 24,735,000 70,000 9,785,000 Other Income/Expenses Earnings Before Interest and Taxes 110,000 9,895,000 Current Liabilities Accounts Payable $ Short/Current Long Term Debt Total Current Liabilities 14,243,000 6,892,000 21,135,000 Interest Expense 1,342,000 Income Before Tax 8,553,000 Long Term Debt Other Liabilities Deferred Long Term Liability Total Liabilities 30,053,000 6,669,000 5,177,000 63,034,000 Income Tax Expense 2,224,000 Stockholders' Equity Common Stock (50,000 shares outstanding) Retained Earnings Total Stockholders' Equity Total Liabilities plus Stockholders' Equity $ 4,115,000 6,980,000 11,095,000 74,129,000 Net Income $ 6,329,000 Formula Sheet Asset Turnover = Current Ratio = Current Assets Current Liabilities = Net Credit Sales Average AR Debt to Equity Ratio = Total Liabilities Book Value of Total Equity EPS Earnings Per Share = Interest Coverage Ratio Times Interest Earned = EBIT Interest Expense Inventory Turnover = Cost of Goods Sold Inventory Price Earnings Ratio P/E Ratio = Share Price Earnings per Share Quick Ratio/Acid-test Ratio= Quick Assets Current Liabilities Accounts Rec. Turnover ROE Return on Equity = Sales Fixed Assets Net Income Number of Shares Outstanding Net Income Total Equity