Managing Cash Flow

Financial Reporting 187
ASSETS
Cash $ 60
Accounts receivable 3,720
Inventory ______ 5,360
Current Assets 9,140
Property, plant and equipment 7,580
Accumulated depreciation _______ (2,160)
Net property, plant and equipment 5,420
Other assets ______ 840
TOTAL ASSETS $15,400
______
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable $ 1,960
Notes payable 200
Current maturities of long-term debt 840
Other current liabilities ______ 560
Current liabilities 3,560
Long-term debt ______ 7,680
Total Liabilities 11,240
Common stock 200
Additional paid-in-capital 200
Retained earnings ______ 3,760
Stockholders’ equity ______ 4,160
TOTAL LIABILITIES AND EQUITY $15,400
______
Exhibit 6.3a
Balance Sheet
as of December 31
($$ in 000s)
Net Sales $12,500
Cost of Goods Sold:
Material 2,260
Labor 3,260
Manufacturing Expenses ______ 2,080
Total Cost of Goods Sold ______ 7,600
Gross Profit 4,900
Selling expenses 1,120
General and administrative expenses ______ 1,480
Total Operating Expenses ______ 2,600
Net Profit 2,300
Provision for income taxes ______ 640
NET INCOME $ ______
1,660
Exhibit 6.3b
Income Statement
for Year Ending December 31
($$ in 000s)