Tax- 700 FINAL PROJECT

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Appendix-ChesterIncAnalysis.xlsx
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Trial Balance

Chester, Inc.
Trial Balances for years ending December 31, 2013, 2014 and 2015
Increase /(Decrease)
Account Description 2,013 2014 2015 2014 2015
Cash on Hand $2,483 $2,459 $2,511
Checking Account - Operating 247,646 252,858 243,892
MMKT Accounts 806,288 983,161 1,205,563
Investments - Trading 6,935,712 6,850,198 6,978,923 (85,514) 128,725
Accounts Receivable 20,513,628 56,472,091 49,042,528 35,149,297 (7,984,424)
Allowance for Doubtful Accounts (1,578,525) (2,387,691) (2,942,552)
Other Receivables 0 1,400,000 1,200,000 1,400,000 (200,000)
Inventory 23,531,507 75,351,471 65,990,780 43,448,861 (7,783,113)
Reserve for Inventory Obsolescence (3,765,000) (12,136,103) (10,558,525)
Prepaid Insurance 1,829,143 2,830,474 2,667,722 1,001,331 (162,752)
Prepaid Rent 250,000 - 0 - 0 (250,000) - 0
Office Supplies 9,259 9,565 9,182 306 (383)
Land 146,250 131,040 131,040
Buildings and Land Improvements 779,882 698,775 833,775
Machinery, Equipment, Office Furniture 541,522 3,280,589 3,280,589
Accum. Depreciation (205,000) (786,102) (1,403,257)
Other Noncurrent Assets 67,301 - 0 - 0
Accounts Payable (8,934,591) (19,488,866) (12,850,648) 10,554,275 (6,638,218)
Wages Payable (36,838) (264,513) (198,384) 227,675 (66,129)
FICA Employee Withholding (1,648) (9,452) (7,089) 7,804 (2,363)
Medicare Withholding (730) (12,785) (9,589) 12,055 (3,196)
Federal Payroll Taxes Payable (7,541) (132,256) (99,192) 124,715 (33,064)
State Payroll Taxes Payable (3,519) (61,630) (46,200) 58,111 (15,430)
FICA Employer Withholding (1,648) (9,452) (7,089) 7,804 (2,363)
Medicare Employer Withholding (730) (12,785) (9,589) 12,055 (3,196)
Income Taxes Receivable/Payable 0 (3,205,440) (6,011,540) 3,205,440 2,806,100
Line of Credit (12,500,000) (52,231,360) (47,481,737) 39,731,360 (4,749,623)
Current Portion LT Note Payable 0 (677,640) (721,480) 677,640 43,840
Interest payable 0 (470,311) (568,429) 470,311 98,118
Bonuses payable 0 (504,000) (459,000) 504,000 (45,000)
Dividend payable (6,000,000) (15,250,000) (15,000,000) 9,250,000 (250,000)
Long-Term Note Payable (12,762,360) (12,040,880)
Common Stock (10,131,250) (10,131,250) (10,131,250)
Paid-in Capital (9,278,750) (9,278,750) (9,278,750)
Retained Earnings (Beginning Balance) (2,773,900) (3,214,851) (8,449,935)
Dividends 6,000,000 15,250,000 15,000,000
Sales (307,716,148) (271,839,067) (288,876,206)
Sales Returns 5,621,979 12,432,247 23,110,096
Income from Investments (665,079) (658,672) (549,387)
Unrealized (Gains) and Losses - Investments 64,288 85,514 (128,725)
Interest Income (255,379) (147,707) (142,168)
Cost of Goods Sold 176,961,437 161,029,981 179,103,248
Administrative Wages Expense 21,094,132 18,344,399 19,706,506
Advertising Expense 1,121,425 1,161,276 1,058,391
Auto Expenses 261,218 235,763 214,001
Bad Debt Expense 2,028,032 5,875,403 13,900,800
Bonus Expense 0 504,000 459,000
Depreciation Expense 166,250 581,102 617,155
Freight 5,378,689 4,749,095 4,325,068
Insurance Expense 1,067,428 1,045,085 951,774
Legal and Professional Expense 4,506,417 11,037,039 8,987,069
Maintenance Expense 76,420 96,020 87,641
Miscellaneous Office Expense 21,279 27,803 25,390
Payroll Tax Expense 1,938,736 1,767,149 1,609,342
Pension/Profit-Sharing Plan Ex 3,750,000 3,696,000 3,366,000
Phone 95,467 57,911 53,651
Postal 160,042 87,140 79,360
Property Tax Expense 100,619 110,252 101,319
Rent or Lease Expense 3,254,357 1,370,273 2,230,615
Research and Development 38,639,554 532,425 3,080,313
Utilities 169,554 170,765 155,600
Warehouse Salaries 5,791,730 5,848,120 5,270,689
Warranty Expense 1,375,352 1,297,104 1,422,381
Interest Expense 1,093,750 3,373,056 2,942,147
Income Tax Expense - Federal 2,956,250 14,142,240 7,269,540
Income Tax Expense - State 536,250 2,503,200 1,258,000
Loss on Legal Settlement 23,965,000 - 0 - 0

Income Statement

Use this worksheet to prepare a Multi-step Income Statement to include EPS
Check Figures:
2015 Net Income $ 8,311,390
2014 Gross Profit $ 98,376,839
2013 Total Expenses $ 90,996,701
Chester, Inc.
Income Statement
For the Year Ending December 31,
2013 2014 2015
Revenue:
Net sales 302,094,169 259,406,820 265,766,110
Less: Cost of Goods Sold 176,961,437 161,029,981 179,103,248
Gross Profit 125,132,732 98,376,839 86,662,862
Less: Expenses
Administrative Wages Expense 21,094,132 18,344,399 19,706,506
Advertising Expense 1,121,425 1,161,276 1,058,391
Auto Expenses 261,218 235,763 214,001
Bad Debt Expense 2,028,032 5,875,403 13,900,800
Bonus Expense - 0 504,000 459,000
Depreciation Expense 166,250 581,102 617,155
Freight 5,378,689 4,749,095 4,325,068
Insurance Expense 1,067,428 1,045,085 951,774
Legal and Professional Expense 4,506,417 11,037,039 8,987,069
Maintenance Expense 76,420 96,020 87,641
Miscellaneous Office Expense 21,279 27,803 25,390
Payroll Tax Expense 1,938,736 1,767,149 1,609,342
Pension/Profit-Sharing Plan Ex 3,750,000 3,696,000 3,366,000
Phone 95,467 57,911 53,651
Postal 160,042 87,140 79,360
Property Tax Expense 100,619 110,252 101,319
Rent or Lease Expense 3,254,357 1,370,273 2,230,615
Research and Development 38,639,554 532,425 3,080,313
Utilities 169,554 170,765 155,600
Warehouse Salaries 5,791,730 5,848,120 5,270,689
Warranty Expense 1,375,352 1,297,104 1,422,381
Total Expenses 90,996,701 58,594,124 67,702,065
Net Operating Income 34,136,031 39,782,715 18,960,797
Add: Other Income
Income from Investments 600,791 573,158 678,112
Interest Income 255,379 147,707 142,168
Less: Other Expenses
Interest Expense 1,093,750 3,373,056 2,942,147
Loss on Legal Settlement 23,965,000 - 0 - 0
Net Income Before Income Tax 9,933,451 37,130,524 16,838,930
Less: Income Tax Expenses
Income Tax Expense - Federal 2,956,250 14,142,240 7,269,540
Income Tax Expense - State 536,250 2,503,200 1,258,000
Net Income 6,440,951 20,485,084 8,311,390

Statement of Retained Earnings

Use this worksheet to complete a Statement of Retained Earnings
Check Figures:
2015 Shareholders' Equity $ 21,171,325
2014 Shareholders' Equity $ 27,859,935
2013 Shareholders' Equity $ 22,624,851
Chester, Inc.
Statement of Retained Earnings for years ending December 31,
2013 2014 2015
Opening balance 2,773,900 3,214,851 8,449,935
Add: Net income during the year 6,440,951 20,485,084 8,311,390
Less: Dividend 6,000,000 15,250,000 15,000,000
Closing balance 3,214,851 8,449,935 1,761,325
Chester, Inc.
Shareholder's Equity As on December 31,
2013 2014 2015
Common Stock 10,131,250 10,131,250 10,131,250
Paid-in Capital 9,278,750 9,278,750 9,278,750
Retained Earnings 3,214,851 8,449,935 1,761,325
Total Stockholder's Equity 22,624,851 27,859,935 21,171,325

Balance Sheet

Use this worksheet to complete a Classified Balance Sheet
Check Figures:
2015 Total Current Assets $ 113,840,024
2014 Current Liabilities $ 92,330,490
2013 Total Assets $ 50,112,096
Chester, Inc.
Balance Sheet
As on December 31,
2013 2014 2015
Assets
Current assets:
Cash on Hand 2,483 2,459 2,511
Checking Account - Operating 247,646 252,858 243,892
MMKT Accounts 806,288 983,161 1,205,563
Accounts Receivable 20,513,628 56,472,091 49,042,528
Other Receivables - 0 1,400,000 1,200,000
Allowance for Doubtful Accounts (1,578,525) (2,387,691) (2,942,552)
Inventory 23,531,507 75,351,471 65,990,780
Reserve for Inventory Obsolescence (3,765,000) (12,136,103) (10,558,525)
Prepaid Insurance 1,829,143 2,830,474 2,667,722
Prepaid Rent 250,000 - 0 - 0
Office Supplies 9,259 9,565 9,182
Investments - Trading 6,935,712 6,850,198 6,978,923
Total current assets 48,782,141 129,628,483 113,840,024
Fixed assets:
Land 146,250 131,040 131,040
Buildings and Land Improvements 779,882 698,775 833,775
Machinery, Equipment, Office Furniture 541,522 3,280,589 3,280,589
Accum. Depreciation (205,000) (786,102) (1,403,257)
Other Noncurrent Assets 67,301 - 0 - 0
Total fixed assets 1,329,955 3,324,302 2,842,147
Total Assets 50,112,096 132,952,785 116,682,171
Liabilities
Current liabilities:
Accounts Payable 8,934,591 19,488,866 12,850,648
Wages Payable 36,838 264,513 198,384
FICA Employee Withholding 1,648 9,452 7,089
Medicare Withholding 730 12,785 9,589
Federal Payroll Taxes Payable 7,541 132,256 99,192
State Payroll Taxes Payable 3,519 61,630 46,200
FICA Employer Withholding 1,648 9,452 7,089
Medicare Employer Withholding 730 12,785 9,589
Income Taxes Receivable/Payable - 0 3,205,440 6,011,540
Line of Credit 12,500,000 52,231,360 47,481,737
Current Portion Long-Term Debt - 0 677,640 721,480
Interest payable - 0 470,311 568,429
Bonuses payable - 0 504,000 459,000
Dividend payable 6,000,000 15,250,000 15,000,000
Total current liabilities 27,487,245 92,330,490 83,469,966
Long Term Liabilities:
Long Term Notes Payable - 0 12,762,360 12,040,880
Total Long Term Liabilities - 0 12,762,360 12,040,880
Total Liabilities 27,487,245 105,092,850 95,510,846
Stockholder's Equity
Common Stock 10,131,250 10,131,250 10,131,250
Paid-in Capital 9,278,750 9,278,750 9,278,750
Retained Earnings 3,214,851 8,449,935 1,761,325
Total Stockholder's Equity 22,624,851 27,859,935 21,171,325
Total liabilities and Stockholder's Equity 50,112,096 132,952,785 116,682,171

Statement of Cash Flows

Use this Worksheet to complete a Statement of Cash Flows
Check Figures:
2015 Net Cash from Operating Activities $ 20,775,751
2014 Net Cash from Investing Activities $ (2,575,449)
2015 Net Increase (Decrease) in Cash $ 213,488
Chester, Inc.
Statement of Cash flows
For the Year Ending December 31,
2014 2015
Cash flows from operating activities
Net profit 20,485,084 8,311,390
Add/Less:
Depreciation Expense 581,102 617,155
Investment - Trading 85,514 (128,725)
Accounts Receivable (35,149,297) 7,984,424
Other Receivables (1,400,000) 200,000
Inventory (43,448,861) 7,783,113
Prepaid Insurance (1,001,331) 162,752
Prepaid Rent 250,000
Office Supplies (306) 383
Accounts Payable 10,554,275 (6,638,218)
Wages Payable 227,675 (66,129)
FICA Employee Withholding 7,804 (2,363)
Medicare Withholding 12,055 (3,196)
Federal Payroll Taxes Payable 124,715 (33,064)
State Payroll Taxes Payable 58,111 (15,430)
FICA Employer Withholding 7,804 (2,363)
Medicare Employer Withholding 12,055 (3,196)
Income Taxes Receivable/Payable 3,205,440 2,806,100
Interest payable 470,311 98,118
Bonuses payable 504,000 (45,000)
Dividend payable 9,250,000 (250,000)
Net cash flows from operating activities (35,163,850) 20,775,751
Cash flow from investing activities
Purchases of Machinery, Equipment, Office Furniture (2,739,067) - 0
Purchases of Buildings and Land Improvements - 0 (135,000)
Sale Proceeds of Other Non Current Assets 67,301 - 0
Sale Proceeds of 81,107 - 0
Sale Proceeds of land 15,210 - 0
Net Cash flow from investing activities (2,575,449) (135,000)
Cash flows from financing activities
Dividend Paid (15,250,000) (15,000,000)
Long Term Notes Payable 12,762,360 - 0
Repayment of Long Term Notes Payable - 0 (721,480)
Line of Credit 39,731,360 (4,749,623)
Current Portion LT Note Payable 677,640 43,840
Net Cash flows from financing activities 37,921,360 (20,427,263)
Net changes in cashflows during the year 182,061 213,488
Opening balance 1,056,417 1,238,478
Closing balance 1,238,478 1,451,966

BS Analysis

Vertical Analysis of Balance Sheet Horizontal Analysis of Balance Sheet
Chester, Inc. Chester, Inc.
Vertical Analysis of Balance Sheet Horizontal Analysis of Balance Sheet
As on December 31, 200__ As on December 31, 200__
2013 2014 2015 2014 2015
Assets Assets
Current assets: Current assets:
Cash on Hand 0.00% 0.00% 0.00% Cash on Hand -0.97% 2.11%
Checking Account - Operating 0.49% 0.19% 0.21% Checking Account - Operating 2.10% -3.55%
MMKT Accounts 1.61% 0.74% 1.03% MMKT Accounts 21.94% 22.62%
Accounts Receivable 40.94% 42.48% 42.03% Accounts Receivable 175.29% -13.16%
Other Receivables 0.00% 1.05% 1.03% Other Receivables 0.00% -14.29%
Allowance for Doubtful Accounts -3.15% -1.80% -2.52% Allowance for Doubtful Accounts 51.26% 23.24%
Inventory 46.96% 56.68% 56.56% Inventory 220.22% -12.42%
Reserve for Inventory Obsolescence -7.51% -9.13% -9.05% Reserve for Inventory Obsolescence 222.34% -13.00%
Prepaid Insurance 3.65% 2.13% 2.29% Prepaid Insurance 54.74% -5.75%
Prepaid Rent 0.50% 0.00% 0.00% Prepaid Rent -100.00% 0.00%
Office Supplies 0.02% 0.01% 0.01% Office Supplies 3.30% -4.00%
Investments - Trading 13.84% 5.15% 5.98% Investments - Trading -1.23% 1.88%
Total current assets 97.35% 97.50% 97.56% Total current assets 165.73% -12.18%
Fixed assets: Fixed assets:
Land 0.29% 0.10% 0.11% Land -10.40% 0.00%
Buildings and Land Improvements 1.56% 0.53% 0.71% Buildings and Land Improvements -10.40% 19.32%
Machinery, Equipment, Office Furniture 1.08% 2.47% 2.81% Machinery, Equipment, Office Furniture 505.81% 0.00%
Accum. Depreciation -0.41% -0.59% -1.20% Accum. Depreciation 283.46% 78.51%
Other Noncurrent Assets 0.13% 0.00% 0.00% Other Noncurrent Assets -100.00% 0.00%
Total fixed assets 2.65% 2.50% 2.44% Total fixed assets 149.96% -14.50%
Total Assets 100.00% 100.00% 100.00% Total Assets 165.31% -12.24%
Liabilities Liabilities
Current liabilities: Current liabilities:
Accounts Payable 17.83% 14.66% 11.01% Accounts Payable 118.13% -34.06%
Wages Payable 0.07% 0.20% 0.17% Wages Payable 618.04% -25.00%
FICA Employee Withholding 0.00% 0.01% 0.01% FICA Employee Withholding 473.54% -25.00%
Medicare Withholding 0.00% 0.01% 0.01% Medicare Withholding 1651.37% -25.00%
Federal Payroll Taxes Payable 0.02% 0.10% 0.09% Federal Payroll Taxes Payable 1653.83% -25.00%
State Payroll Taxes Payable 0.01% 0.05% 0.04% State Payroll Taxes Payable 1651.35% -25.04%
FICA Employer Withholding 0.00% 0.01% 0.01% FICA Employer Withholding 473.54% -25.00%
Medicare Employer Withholding 0.00% 0.01% 0.01% Medicare Employer Withholding 1651.37% -25.00%
Income Taxes Receivable/Payable 0.00% 2.41% 5.15% Income Taxes Receivable/Payable 0.00% 87.54%
Line of Credit 24.94% 39.29% 40.69% Line of Credit 317.85% -9.09%
Current Portion Long-Term Debt 0.00% 0.51% 0.62% Current Portion Long-Term Debt 0.00% 6.47%
Interest payable 0.00% 0.35% 0.49% Interest payable 0.00% 20.86%
Bonuses payable 0.00% 0.38% 0.39% Bonuses payable 0.00% -8.93%
Dividend payable 11.97% 11.47% 12.86% Dividend payable 154.17% -1.64%
Total current liabilities 54.85% 69.45% 71.54% Total current liabilities 235.90% -9.60%
Long Term Liabilities: Long Term Liabilities:
Long Term Notes Payable 0.00% 9.60% 10.32% Long Term Notes Payable 0.00% -5.65%
Total Long Term Liabilities 0.00% 9.60% 10.32% Total Long Term Liabilities 0.00% -5.65%
Total Liabilities 54.85% 79.05% 81.86% Total Liabilities 282.33% -9.12%
Stockholder's Equity Stockholder's Equity
Common Stock 20.22% 7.62% 8.68% Common Stock 0.00% 0.00%
Paid-in Capital 18.52% 6.98% 7.95% Paid-in Capital 0.00% 0.00%
Retained Earnings 6.42% 6.36% 1.51% Retained Earnings 162.84% -79.16%
Total Stockholder's Equity 45.15% 20.95% 18.14% Total Stockholder's Equity 23.14% -24.01%
Total liabilities and Stockholder's Equity 100.00% 100.00% 100.00% Total liabilities and Stockholder's Equity 165.31% -12.24%

IS Analysis

Complete a Horizontal and Vertical Analysis of the Income Statement in this worksheet.
Vertical Analysis of Income statement Horizontal Analysis of Income statement
Chester, Inc. Chester, Inc.
Vertical Analysis of Income statement Horizontal Analysis of Income statement
For the Year Ending December 31, 20__ For the Year Ending December 31,20__
2013 2014 2015 2014 2015
Revenue: Revenue:
Net sales 100.00% 100.00% 100.00% Net sales -14.13% 2.45%
Less: Cost of Goods Sold 58.58% 62.08% 67.39% Less: Cost of Goods Sold -9.00% 11.22%
Gross Profit 41.42% 37.92% 32.61% Gross Profit -21.38% -11.91%
Less: Expenses Less: Expenses
Administrative Wages Expense 6.98% 7.07% 7.41% Administrative Wages Expense -13.04% 7.43%
Advertising Expense 0.37% 0.45% 0.40% Advertising Expense 3.55% -8.86%
Auto Expenses 0.09% 0.09% 0.08% Auto Expenses -9.74% -9.23%
Bad Debt Expense 0.67% 2.26% 5.23% Bad Debt Expense 189.71% 136.59%
Bonus Expense 0.00% 0.19% 0.17% Bonus Expense 0.00% -8.93%
Depreciation Expense 0.06% 0.22% 0.23% Depreciation Expense 249.54% 6.20%
Freight 1.78% 1.83% 1.63% Freight -11.71% -8.93%
Insurance Expense 0.35% 0.40% 0.36% Insurance Expense -2.09% -8.93%
Legal and Professional Expense 1.49% 4.25% 3.38% Legal and Professional Expense 144.92% -18.57%
Maintenance Expense 0.03% 0.04% 0.03% Maintenance Expense 25.65% -8.73%
Miscellaneous Office Expense 0.01% 0.01% 0.01% Miscellaneous Office Expense 30.66% -8.68%
Payroll Tax Expense 0.64% 0.68% 0.61% Payroll Tax Expense -8.85% -8.93%
Pension/Profit-Sharing Plan Ex 1.24% 1.42% 1.27% Pension/Profit-Sharing Plan Ex -1.44% -8.93%
Phone 0.03% 0.02% 0.02% Phone -39.34% -7.36%
Postal 0.05% 0.03% 0.03% Postal -45.55% -8.93%
Property Tax Expense 0.03% 0.04% 0.04% Property Tax Expense 9.57% -8.10%
Rent or Lease Expense 1.08% 0.53% 0.84% Rent or Lease Expense -57.89% 62.79%
Research and Development 12.79% 0.21% 1.16% Research and Development -98.62% 478.54%
Utilities 0.06% 0.07% 0.06% Utilities 0.71% -8.88%
Warehouse Salaries 1.92% 2.25% 1.98% Warehouse Salaries 0.97% -9.87%
Warranty Expense 0.46% 0.50% 0.54% Warranty Expense -5.69% 9.66%
Total Expenses 30.12% 22.59% 25.47% Total Expenses -35.61% 15.54%
Net Operating Income 11.30% 15.34% 7.13% Net Operating Income 16.54% -52.34%
Add: Other Income Add: Other Income
Income from Investments 0.20% 0.22% 0.26% Income from Investments -4.60% 18.31%
Interest Income 0.08% 0.06% 0.05% Interest Income -42.16% -3.75%
Less: Other Expenses Less: Other Expenses
Interest Expense 0.36% 1.30% 1.11% Interest Expense 208.39% -12.78%
Loss on Legal Settlement 7.93% 0.00% 0.00% Loss on Legal Settlement -100.00% ERROR:#DIV/0!
Net Income Before Income Tax 3.29% 14.31% 6.34% Net Income Before Income Tax 273.79% -54.65%
Less: Income Tax Expenses Less: Income Tax Expenses
Income Tax Expense - Federal 0.98% 5.45% 2.74% Income Tax Expense - Federal 378.38% -48.60%
Income Tax Expense - State 0.18% 0.96% 0.47% Income Tax Expense - State 366.80% -49.74%
Net Income 2.13% 7.90% 3.13% Net Income 218.04% -59.43%

Ratios

Calculate and Present at least three Liquidity, Solvency and Profitability Ratios in this Worksheet
2013 2014 2015 Under Amour Industry Average
Amounts (in '000) Answer Amounts (in '000) Answer Amounts (in '000) Answer
Liquidity ratios
Current Ratio Current Assets = $ 48,782,141.00 = 1.77 $ 129,628,483.00 = 1.40 $ 113,840,024.00 = 1.36 3.13 3.03
Current Liabilities $ 27,487,245.00 $ 92,330,490.00 $ 83,469,966.00
Quick Ratio Quick Assets * $ 26,936,491.00 = 0.98 $ 63,582,641.00 = 0.69 $ 2,792,200.00 = 0.03 1.18 0.46
Current Liabilities $ 27,487,245.00 $ 92,330,490.00 $ 83,469,966.00
Working Capital Current Assets - Current Liabilities = $48,782,141 - $27,487,245 = $ 21,294,896.00 $129,628,483 - $92,330,490 = $ 37,297,993.00 $113,840,024 - $83,469,966 = $ 30,370,058.00
Solvency Ratios
Equity Total Equity $ 22,624,851.00 45.1% $ 27,859,935.00 21% $ 21,171,325.00 18%
Ratio Total Assets $ 50,112,096.00 $ 132,952,785.00 $ 116,682,171.00
Debt to Total Liabilities $ 27,487,245.00 0.55 $ 105,092,850.00 0.79 $ 95,510,846.00 0.82 0.38 0.31
Equity Total Equity $ 50,112,096.00 $ 132,952,785.00 $ 116,682,171.00
Times interest EBIT* $ 11,027,201.00 10.08 $ 40,503,580.00 12.01 $ 19,781,077.00 6.72 27.43
Earned Interest expense $ 1,093,750.00 $ 3,373,056.00 $ 2,942,147.00
Profitability Ratios
Net Profit Net Income $ 6,440,951.00 2.1% $ 20,485,084.00 7.9% $ 8,311,390.00 3.1% 5.87% 8.73%
Margin (%) Sales $ 302,094,169.00 $ 259,406,820.00 $ 265,766,110.00
Gross Profit Gross Profit $ 125,132,732.00 41.4% $ 98,376,839.00 37.9% $ 86,662,862.00 32.6% 48.08% 49.89%
on Sales (%) Sales $ 302,094,169.00 $ 259,406,820.00 $ 265,766,110.00
Return Net Income $ 6,440,951.00 12.9% $ 20,485,084.00 15.4% $ 8,311,390.00 7.1% 15.41%
on Equity (%) Total Equity $ 50,112,096.00 $ 132,952,785.00 $ 116,682,171.00