The Calculate Project Financial Ratios paper

BUS368_Balance_Sheet.xlsx

Sheet1

					Balance Sheet
		Assets
			201Y	201X
Current Assets
	Cash and Cash Equiva;ents		$190,000	$170,000
	Accounts Receivable		$1,400,000	$950,000
	Notes Receivable
	Inventories		$650,000	$650,000
	Prepaid Expenses		$22,000	$22,000
Total Current Assets			$2,262,000	$1,792,000
Property and Equipment			$2,100,000	$1,950,000
Other Assets			$234,000	$229,000
Total Asests			$2,334,000	$2,179,000
		Liabilities and Shareholders' Equity
Current Liabilities
	Notes Payable			$15,000
	Current Portion LT Debt		$129,104	$300,000
	Accounts Payable		$500,000	$249,000
	Accrued Expenses		$300,000	$197,000
	Income Tax Payable		$22,000	$18,000
Total Current Liabilities			$951,104	$779,000
LT Debt Net of Current Pottion			$1,143,796	$1,111,847
Deferred Income Tax			$350,000	$275,000
Total Liabilities			$2,444,900	$2,165,847
Shareholders' Equity
	Common stock, no par valie,
	1,000,000 shares authorized
	800 shates issued		$90,000	$90,000
	Retained Earnings		$2,600,000	$2,700,000
	Total Shareholders Equity		$2,690,000	$2,790,000
Total Liabilities abd Shareholders' Equity			$5,134,900	$4,955,847