Ratios
nja6418
kudler_fine_foods_balance_sheet.docx
Finance & Accounting
Balance Sheet
Kudler Fine Foods Balance Sheet December 31, 2003
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Assets |
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Current Assets: |
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Cash |
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$1,430,000 |
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Accounts Receivable |
$86,000 |
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Less: Reserve for Bad Debts |
$0 |
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$86,000 |
$86,000 |
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Merchandise Inventory |
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$429,000 |
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Prepaid Expenses |
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$26,000 |
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Notes Recievable |
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$0 |
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Total Current Assets |
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$1,971,000 |
$1,971,000 |
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Fixed Assets: |
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Vehicles |
$63,000 |
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Less: Accumulated Depreciation |
$27,750 |
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$35,250 |
$35,250 |
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Furniture and Fixtures |
$435,000 |
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Less: Accumulated Depreciation |
$186,000 |
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$249,000 |
$249,000 |
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Equipment |
$634,000 |
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Less: Accumulated Depreciation |
$214,000 |
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$420,000 |
$420,000 |
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Total Fixed Assets |
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$704,250 |
$704,250 |
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Other Assets: |
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Goodwill |
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$0 |
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Total Other Assets |
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$0 |
$0 |
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Total Assets |
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$2,675,250 |
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Liabilities and Capital |
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Current Liabilities: |
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Accounts Payable |
$96,500 |
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Sales Tax Payable |
$3,950 |
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Payroll Taxes Payable |
$15,840 |
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Accrued Wages Payable |
$0 |
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Unearned Revenues |
$0 |
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Short-Term Notes Payable |
$0 |
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Short Term Bank Loan Payable |
$0 |
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Total Current Liabilities |
$116,290 |
$116,290 |
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Long Term Liabilities: |
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Long-Term Notes Payable |
$630,000 |
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Total Long Term Liabilities |
$630,000 |
$630,000 |
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Total Liabilities |
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$746,290 |
$746,290 |
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Capital: |
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Owner's Equity |
$746,290 |
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Net Profit |
$1,182,670 |
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Total Capital |
$1,928,960 |
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$1,928,960 |
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Total Liabilities and Capital |
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$2,675,250 |
