DB 6 FA

DB-6DataDrivenDiscussion.xlsx

DB-6

	2019	2020
Balance Sheet
Cash	$460	$300
Accounts Receivable	620	480
Inventory	1,000	730
Total Assets	2,080	1,510
Accounts payable	580	310
Note payable	500	100
Common stock	400	400
Retained earnings	600	700
Total liabilities and Stockholders' equity	$2,080	$1,510
Income Statement
Net sales	$550	$840
Cost of goods sold	120	160
Gross margin	430	680
Expenses:
Salaries	100	150
Warehousing costs	80	120
Advertising	60	90
Taxes	45	75
Total expenses	285	435
Net Income	$145	$245