Smith Company

Smith Company

Smith Company

Balance Sheet

For the period ended 31-Dec-12

ASSETS

EQUITIES

Current assets

Current & long term-liabilities

Cash

16,700.00

Accounts payable

67,000.00

Inventory

25,000.00

Long-term debt

145,000.00

Accounts receivable

24,500.00

Owner's Equities

Paid in capital

90,000.00

Fixed assets

Common stock

10,000.00

Equipment

316,000.00

Retained earnings

70,200.00

TOTAL

382,200.00

TOTAL

382,200.00

Smith Company

Income Statement

For the period ended 31-Dec-12

Sales Revenue

Total sales - Revenues

406,000.00

less: cost of goods sold

(234,000.00)

Gross profit

172,000.00

less: Operating expense

Salaries expense

67,500.00

Utilities expense

6,700.00

Rent expense

18,000.00

Insurance expense

1,400.00

Depreciation expense

24,350.00

Marketing expense

4,500.00

Property taxes

8,900.00

Total Expenses

(131,350.00)

Net income

40,650.00

Analysis of the Financial Statement for Smith Company

The Smith Company is working on the financial analysis and performance of the company for the year 2012. The analysis can be extracted from the financial statement ...