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O Forno a Lenha Condensed Income Statement and Statement of Retained Earnings and Investor Information For the Periods Ending December 31, 2017 and 2018
O Forno a Lenha Condensed Income Statement and Statement of Retained Earnings and Investor Information For the Periods Ending December 31, 2017 and 2018 Guests Served 2017 24760 2018 29500 Income Statement Sales 334,500 435,660 Cost of Sales 137,160 157,560 Gross Profit 197,340 278,100 Labor Expenses 61,500 88,980 Other Operating Expenses (excluding depreciation) 39,960 57,240 Depreciation 34,740 33.240 Operating Income (EBIT) 61,140 98,640 Interest 20,280 9.660 Income Before Income Taxes 40,860 88,980 Income Taxes (30%) 12.258 26,694 Net Income 28.602 62.286 Statement of Retained Earnings and Investor Information Retained Earnings Retained Earnings, Beginning Net Income Subtotal Cash Dividends Paid Retained Earnings, Ending Investor Information Market Price per Share Total Shares Outstanding Assets O Forno a Lenha Balance Sheets December 31, 2017 and 2018 95,460 108,120 28,602 62,286 124,062 170,406 11,400 30,360 112,662 140,046 $31.14 $54.60 6300 9000 2017 2018 Current Assets Cash Marketable Securities 24,162 37,326 52,740 44,220 Net Receivables Inventories 85,320 77,100 2,760 3,300 Total Current Assets 164,982 161,946 Property and Equipment 729,300 661,260 Less Accumulated Depreciation 113,340 73,740 Net Property and Equipment 615,960 587,520 Total Assets 780.942 749.466 Liabilities and Owners' Equity Current Liabilities Accounts Payable 64,020 28,260 Notes Payable 8,880 34,140 Accrued Wages 23,340 14,340 Total Current Liabilities 96,240 76,740 Long-Term Liabilities Long-Term Debt 201,300 83,040 297,540 159,780 Total Liabilities Owners' Equity Capital Stock 370,740 449,640 Retained Earnings 112.662 140,046 Total Owners' Equity 483,402 589.686 Total Liabilities and Owner's Equity 780.942 749.466
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