Business Recommendation

SLIPSHOD INDUSTRIES, INC.

BALANCE SHEET

AS OF DECEMBER 31, 2012

ASSETS

CASH $20,000

ACCOUNTS RECEIVABLE 1,100,000

INVENTORY 500,000

PREPAID EXPENSES 30,000

TOTAL CURRENT ASSETS 1,650,000

PROPERTY AND EQUIPMENT 780,000

LESS: ACCUMULATED DEPRECIATION 580,000 200,000

PATENTS 50,000

TOTAL ASSETS $1,900,000

LIABILITIES & STOCKHOLDERS' EQUITY

ACCOUNTS PAYABLE $600,000 SLIPSHOD INDUSTRIES, INC.

ACCRUED EXPENSES 150,000 INCOME STATEMENT

CURRENT PORTION OF L.T. DEBT 50,000 FOR THE YEAR ENDED

TOTAL CURRENT LIABILITIES 800,000 DECEMBER 31, 2012

LONG-TERM DEBT 400,000 SALES $6,000,000

STOCKHOLDERS' EQUITY COST OF SALES 4,800,000

COMMON STOCK 100,000 GROSS PROFIT 1,200,000

RETAINED EARNINGS 600,000 SELLING, GENERAL & ADMINISTRATIVE 1,100,000

700,000 NET INCOME $100,000

TOTAL LIABLILITIES AND STOCKHOLDERS' $1,900,000 EQUITY