Finance
Income Statement
Income
$36,000.00
COGS
Gross Income
$36,000.00
Expenses
Rent
$9,600.00
Car
$5,062.00
Food
$4,784.00
Clothing
$1,481.00
Communications
Other Expenses
$1,675.00
Operating Income
$12,438.00
Interest Exp
$1,800.00
Income before taxes
$10,638.00
Income tax
$10,800.00
Net Income
Balance Sheet
Assets
Cash
Car
$14,600.00
Supplies
Total Assets
$15,365.40
Liabilities
Car Loan
$14,600.00
Credit Card
$5,000.00
Total Liabilities
$19,600.00
Equity
-$4,234.60
a) Bauman Company's current and quick ratios for the past four years are as follows:
Item
2009
2010
2011
2012
Current Ratio
Quick Ratio
b) The firm's liquidity during the 2009-2010 period was generally good. Both the current ratio and the quick ratio during this period were relatively high, to the point where a creditor would be comfortable lending this company money in the short run. There was, however, a decline in both ratios over this period. The current ratio slipped slightly, and there was an equally slight slip in the quick ratio. Neither decline was strong, and both were partially reversed the next year. The decline was because the current liabilities grew at a faster rate than the current assets.
c) This information would neither support nor...
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As far as regional sales are concerned, U.S. business sales comprise the most sales (Annual Report, p. 58). This is not surprising because Dell's home country is the U.S. The other markets represent emerging markets and represent excellent chances for growth in the future. However, they are not yet established. Dell established its core business in the U.S. before it began to branch out into other markets. These secondary
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Financial Statements Jaedan Industries Income Statement For the year ending 31 December, 2010 Sales $42,000,000 COGS $26,460,000 Gross Profit $15,540,000 Operating Expenses Selling, General & Administrative $1,621,000 Depreciation $800,000 Earnings Before Interest & Tax $13,119,000 Interest Expense $375,000 Earnings before Taxes $12,744,000 Taxes $4,332,960 Net Income $8,411,040 Dividends Paid $2,102,760 Additions to Retained Earnings $6,308,280 Jaedan Industries Statement of Retained Earnings For the Year Ending December 31, 2010 Balance from 1 Jan 2010 $1,628,819 Addition: Net Income of year $8,411,040 Less: Cash dividends paid during the year Preferred Stock $8,000 Common Stock $2,102,760 Total Dividends Paid $2,110,760 Retained Earnings Balance as at 31 Dec, 2010 $7,929,099 Jaedan Industries Balance Sheet For Year Ended 31 December, 2010 Assets Cash $3,689,000 Marketable Securities $1,836,000 Accounts
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