Company's economics Essay Example | Topics and Well Written Essays - 3500 words

Companys economics - Essay Examplentory 60000 Purchases 200000 Advertising Expenses 20000 Rent 7200 Telephone 1200 Utilities 4800 payroll department 112000 loan-1 (336x12) 4032 Bal C/d 1392 Loan-2 (8000+4 one hundred sixty) 12160 usual Stock A/C Interest A/C Bal c/d 60000 cash in 60000 Cash 4160 Profit/Loss A/c 4160 Loan A/C Pickup Truck A/c Cash 4032 Cash 32000 Cash 2000 Cash 8000 Pickup Truck myriad Loan 10000 Bal c/d 12000 Bal C/d 29968 Display Equipment A/C Debtors A/C Cash 6000 Bal C/d 6000 sales 60000 Balc/d 60000 Rototiller A/c Rent A/C Cash 400 Bal c/d 400 Cash 7200 Profit/Loss A/c 7200 Cash Register A/C Telephone Expense A/C Cash 3600 Cash 1200 Profit/Loss A/C 1200 Inventory A/C Utilities A/C Cash 60000 Cost of Sales 240000 Cash 4800 Profit/Loss A/C 4800 Cash 200000 Bal c/d 20000 Payroll A/C Sales A/C Cash 112400 Profit/Loss A/C 112400 Cash 340000 Profit/Loss A/c 400000 Debtors 60000 Advertising Expense Cash 20000 Profit/Loss A/C 20000 THE GARDEN PLACE INCOME STATEMENT FOR THE YEAR ENDED MARCH 31 2007 $ $ Sales 400,000 Less Cost of Goods Sold Opening stock 60000 Purchases +200000 Stock available for sale 260000 Less closing stock (20000) Cost of goods sold (240000) Gross wampum 160000 Less Expenses Interest expense 4160 Advertising expense 20000 Rent 7200 Telephone 1200 Utilities 4800 Payroll 112000 (149360) Net Income 10640 Balance Sheet VERTICAL ANALYSIS COMPANY A BALANCE SHEET 2011 2010 Assets $ % $ % Current Assets Cash 4274 1.58% 1270 1% Trade Accounts Receivables 56504 20.95% 41174 22% Inventories 184113 68.26% 132196 70% Deferred tax payment 3384 1.25% 2611 1% Other current assets 11053 4.10% 8795 5% follow current assets 259328 96.14% 186046 98% Advance to supplier, net of imputed interest 4479 1.66% 0 0% Preferential supply agreement 521 0.19% 0 0% Long term support cost, net of amortization 1360 0.50% 0 0% Property and equipment, net 4060 1.51% 4078 2% nitty-gritty assets 269728 100.00% 190124 100% Liabilities and shareholders equity Current liabilities Notes payable 154424 57.25% 100447 53% Current maturities 160 0.06% 15131 8% Trade accounts payable 50054 18.56% 31482 17% Income tax payable 4060 1.51% 6143 3% Accrued expense and derivative liabilities 4089 1.52% 10537 6% Dividends payable 231 0.09% 0 0% Total current liabilities 213018 78.98% 148760 78% Mortgage payable 1461 1621 1% Subordinated convertible debt net of unamortized discount 9501 0.54% 0 0% Derivative liability for embedded conversion pickax 1934 3.52% 0 0% Deferred tax payable 212 0.72% 0 0% Stakeholders Equity Common stock$0.1 par value, 20000000 shares authorized and 11749651 issued Dec31 2011 and 2010 117 0.04% 117 0% Additional paid in capital 11937 4.43% 11937 6% Retained Earnings 35271 13.08% 31235 Accumulated other comprehensive loss (214) -0.08% (96) 0% Treasury stock 2511245 and 2490745 shares at Dec31 2011 and 2010 (3509) -1.30% (3450) -2% Total shareholders equity 43602 16.17% 39743 21% Total liabilities and shareholders equity 2697 28 100.00% 190124 100% COMPANY A INCOME STATEMENT VERTICAL ANALYSIS $ % $ % Net Sales 514633 100.00% 465013 100.00% Cost of goods sold 490102 95.23% 434785 93.50% Gross Profit 24531 4.77% 30228 6.50% Selling, prevalent and administrative expense 13336 2.59% 12031 2.59% Operating income before impairment recovery 11195 2.18% 18197 3.91% Impairment recovery 0 0.00% 346 0.07% Operating income 11195 2.18% 18543 3.99% Other income/expense Change in