Ratios

Revenue:

Gross Sales

$10,804,000

Less: Sales Returns and Allowances

$7,800

Net Sales

$10,796,200

Costs of Goods Sold:

Beginning Inventory

$467,890

Add:

Purchases

$3,752,891

Freight In

$165,010

Direct Labor

$3,769,591

Indirect Expenses

$748,539

$8,903,921

Less: Ending Inventory

$429,090

Cost of Goods Sold

$8,474,831

$8,474,831

Gross Profit(Loss)

$2,321,369

Expenses:

Advertising

$263,000

Amortization

$2,700

Bad Debts

$2,300

Bank Charges

$19,258

Charitable Contributions

$5,000

Bonuses

$65,000

Systems & Network Contract

$82,000

Credit Card Fees

$125

HR Payroll Outsource

$8,500

Depreciation

$27,750

Dues and Subscriptions

$29,403

Insurance

$65,000

Custodial Contract

$48,000

Interest

$63,768

Maintenace Contract

$36,000

Miscellaneous

$1,100

Office Expenses

$8,300

Operating Supplies

$5,500

Software Licenses

$8,200

Permits and Licenses

$3,500

Postage

$46,000

Professional Fees

$32,157

Office Lease

$63,000

Repairs

$850

Telephone

$16,500

Travel

$4,500

Utilities

$7,900

Vehicle Expenses

$11,458

Wages

$725,650

Total Expenses

$1,652,49

$1,652,49

Net Operating Income

$668,950

Other Income:

Gain (Loss) on Sale of Assets

$0

Interest Income

$7,845

Total Other Income

$7,845

$7,845

Net Income (Loss)

$676,795