Solomon Chopp ( unit 2 fin )

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income statment

Solomon Chopp
2010 Income Statement 2011 Income Statement
Sales 11,573.00 Sales 12,936.00
Cost of Goods sold 3,979.00 Costs of goods sold 4,707.00
Other Expenses 946.00 Other Expenses 824.00
Depreciation 1,661.00 Deprecation 1,736.00
Earening before interest and tax 4,987.00 Ebit 5,669.00
Interest 776.00 Interest 926.00
Ebt 4,211.00 Ebt 4,743.00
Taxes 1,431.74 Taxes 1,612.62
Net Income 2,779.26 Net Income 3,130.38
Dividends 1,411.00 Dividends 1,618.00
Additions to re 1,368.26 Additions To re 1,512.38

Balance sheet

Balance Sheet as of !2/31/10
Cash 6,067.00 Accounts Payable 4,384.00
Accounts Receivable 8,034.00 Notes Payable 1,171.00
Inventory 14,283.00 Current Liabilities 5,555.00
Current assets 28,384.00
Long term Debt 20,320.00
Net fIxed Assets 50,888.00 Owners Equity 53,397.00
Total assets 79,272.00 Totat liablity and equity 79,272.00
Balance sheet as of 12/31/11
Cash 6,466.00 Accounts payable 4,644.00
Accounts Receivable 9,427.00 Notes payable 1,147.00
Inventory 15,288.00 Current Liabilities 5,791.00
Current Assets 31,181.00
Long term Debt 24,636.00
Net Fixed Assets 54,273.00 Owners Equity 55,027.00
Total Assets 85,454.00 Total liab & equity 85,454.00