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What are the financial highlights from this companies financials? Rainbow Paint Co.'s Comparative Financial Statement 2013 2012 Sales $5,125,000 $3,257,600 Sales returns and allowances 125,000

What are the financial highlights from this companies financials?

Rainbow Paint Co.'s Comparative Financial Statement 20132012
Sales$5,125,000 $3,257,600 
Sales returns and allowances125,000 57,600
Net sales$5,000,000 $3,200,000 
Cost of goods sold3,400,0002,080,000
Gross profit$1,600,000 1,120,000
Selling expenses$650,000 $464,000 
Adminstrative expenses325,000224,000
Total operating expenses$975,000 $688,000 
Income from operations$625,000 $432,000 
Other income25,00019,200
 $650,000 $451,200 
Other expense (interest)105,00064,000
Income before income tax $545,000 $387,200 
Income tax expense300,000176,000
Net income$245,000 211,200
Rainbow Paint Co. Comparative Retained Earnings Statement for the Years Ended December 31, 2013 and 2012  
 20132012
Dividend yied$723,000 $581,800 
Add net income for year245,000211,200
Total$968,000 $793,000 
On preferred stock$40,000 $40,000 
On common stock$45,000 $30,000 
Total$85,000 $70,000 
Retained earnings, December 31$883,000 $723,000 
Rainbow Paint Co. Comparative Balance Sheet December 31, 2013, and 2012  
Assets20132012
Curernt Assets:   
Cash$175,000 $125,000 
Marketable securities150,00050,000
Accounts receivable (net)425,000325,000
Inventories720,000480,000
Prepaid expenses30,00020,000
Total current assets$1.500,000$1,000,000 
Long-term investments250,000225,000
Property, plant, and equipment (net)2,093,0001,948,000
Total assets$3,843,000 $3,173,000 
Liabilties  
Current liabilities$750,000 $650,000 
Long-term liabilities:   
Mortgage note payable, 10% , due 2009$410,000  
Bonds payable, 8%, due 2012$800,000 $800,000 
Total long-term liabilities $1,210,000 $800,000 
Total liabilities$1,960,000 $1,450,000 
Stockholders' Equity  
Preferred 8% stock, $100 par$500,000 $500,000 
Common stock, $10 par500,000500,000
Retained earnings883,000723,000
Total stockholders' equity $1,883,000 $1,723,000 
Total liabilities and stockholders' equity$3,843,000 $3,173,000 
   
Shares of Common Stock5000050000

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