Module1-Statments & Ratios

.xlsx
School
Purdue University **We aren't endorsed by this school
Course
MGMT 310
Subject
Accounting
Date
Oct 18, 2023
Pages
7
Uploaded by MinisterAtom10860 on coursehero.com
Assets Year 1 Year 2 Cash and Equivalents $ 26,000 $ 29,350 Accounts Receivable $ 201,240 $ 228,354 Inventory $ 305,350 $ 330,400 Total Current Assets $ 532,590 $ 588,104 Plants, Property and Equipment $ 436,200 $ 442,800 Accumulated Depreciation $ 122,140 $ 166,940 Net Fixed Assets $ 314,060 $ 275,860 Total Assets $ 846,650 $ 863,964
Liabilities and Equity Year 1 Year 2 Accounts Payable $ 51,000 $ 53,934 Short Term Notes Payable $ 65,210 $ 67,310 Other Current Liabilities $ 21,540 $ 24,400 Total Current Liabilities $ 137,750 $ 145,644 Long Term Debt $ 92,750 $ 94,800 Total Liabilities $ 230,500 $ 240,444 Common Stock $ 260,000 $ 260,000 Retained Earnings $ 356,150 $ 363,520 Total Shareholders' Equity $ 616,150 $ 623,520 Total Liabilities and Equity $ 846,650 $ 863,964
BoilerMaker Corporation Year 1 Year 2 Sales $ 1,986,000 $ 2,237,000 Cost of Goods Sold $ 1,437,000 $ 1,186,000 Gross Profit $ 549,000 $ 1,051,000 Selling, General and Administrative Costs $ 83,400 $ 124,800 Depreciation $ 35,200 $ 44,800 Earnings Before Interest and Tax (EBIT) $ 430,400 $ 881,400 Interest Expense $ 11,500 $ 14,400 Earnings Before Tax $ 418,900 $ 867,000 Taxes (35%) $ 146,615 $ 303,450 Net Income $ 272,285 $ 563,550
Page1of 7
Uploaded by MinisterAtom10860 on coursehero.com