Balance Sheet 2019 2018 Income Statement 2019 2018 Assets Sales $ 51,000,000 $ 47,000,000 5,100,000 $ 102,000 Cash $ 4,900,000 Operating Expenses: Marketable Securities 98,000 Cost of Goods Sold 5,100,000 4,700,000 Accounts Receivable 1,632,000 1,568,000 Depreciation 2,550,000 2,350,000 2,856,000 9,690,000 $ Inventories 2,744,000 9,310,000 3,136,000 Selling & Admn. Expenses Total Operating Expenses Operating Income 6,120,000 5,640,000 $ 13,770,000 $ 12,690,000 37,230,000 Total Current Assets Property, Plant, & Equipment 3,264,000 34,310,000 Other Fixed Assets Other Income 2,703,000 5,967,000 $ $ 15,657,000 $ 15,043,000 2,597,000 5,733,000 102,000 94,000 Total Fixed Assets Total Income $ 37,332,000 $ 34,404,000 Total Assets Interest Expense 1,530,000 1,410,000 Liabilities & Equity Earnings Before Tax Provision for Income Tax 35,802,000 32,994,000 Accounts Payable Notes Payable $ 1,878,840 $ 1,805,160 7,520,000 8,160,000 $ 27,642,000 $ 25,474,000 1,722,270 1,654,730 Net Income Accrued Expenses Payable Accrued Taxes Payable 1,409,130 1,353,870 1,203,440 6,017,200 752,150 6,769,350 1,252,560 Total Current Liabilities 6,262,800 $ Long-Term Debt $ 782,850 $ Total Liabilities $ 7,045,650 $ Stockholder's Equity: Preferred Stock ($100 par, 6%) Common Stock ($5 par value) Paid-In Capital in Excess of Par Retained Earnings Total Stockholder's Equity $ 1,095,990 $ 1,053,010 2,035,410 1,955,590 4,227,390 4,061,610 1,252,560 8,611,350 $ $ 15,657,000 $ 15,043,000 1,203,440 8,273,650 Total Liabilities & Equity
Balance Sheet 2019 2018 Income Statement 2019 2018 Assets Sales $ 51,000,000 $ 47,000,000 5,100,000 $ 102,000 Cash $ 4,900,000 Operating Expenses: Marketable Securities 98,000 Cost of Goods Sold 5,100,000 4,700,000 Accounts Receivable 1,632,000 1,568,000 Depreciation 2,550,000 2,350,000 2,856,000 9,690,000 $ Inventories 2,744,000 9,310,000 3,136,000 Selling & Admn. Expenses Total Operating Expenses Operating Income 6,120,000 5,640,000 $ 13,770,000 $ 12,690,000 37,230,000 Total Current Assets Property, Plant, & Equipment 3,264,000 34,310,000 Other Fixed Assets Other Income 2,703,000 5,967,000 $ $ 15,657,000 $ 15,043,000 2,597,000 5,733,000 102,000 94,000 Total Fixed Assets Total Income $ 37,332,000 $ 34,404,000 Total Assets Interest Expense 1,530,000 1,410,000 Liabilities & Equity Earnings Before Tax Provision for Income Tax 35,802,000 32,994,000 Accounts Payable Notes Payable $ 1,878,840 $ 1,805,160 7,520,000 8,160,000 $ 27,642,000 $ 25,474,000 1,722,270 1,654,730 Net Income Accrued Expenses Payable Accrued Taxes Payable 1,409,130 1,353,870 1,203,440 6,017,200 752,150 6,769,350 1,252,560 Total Current Liabilities 6,262,800 $ Long-Term Debt $ 782,850 $ Total Liabilities $ 7,045,650 $ Stockholder's Equity: Preferred Stock ($100 par, 6%) Common Stock ($5 par value) Paid-In Capital in Excess of Par Retained Earnings Total Stockholder's Equity $ 1,095,990 $ 1,053,010 2,035,410 1,955,590 4,227,390 4,061,610 1,252,560 8,611,350 $ $ 15,657,000 $ 15,043,000 1,203,440 8,273,650 Total Liabilities & Equity
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Question 68
Using Financial Statements for 2018-2019. Net book value per share of common stock for 2019 is $17.46.
Transcribed Image Text:# Financial Statement Analysis for 2019 and 2018
## Balance Sheet
**Assets**
- **Current Assets:**
- Cash:
- 2019: $5,100,000
- 2018: $4,900,000
- Marketable Securities:
- 2019: $102,000
- 2018: $98,000
- Accounts Receivable:
- 2019: $1,632,000
- 2018: $1,568,000
- Inventories:
- 2019: $2,856,000
- 2018: $2,744,000
- **Total Current Assets:**
- 2019: $9,690,000
- 2018: $9,310,000
- **Fixed Assets:**
- Property, Plant, & Equipment:
- 2019: $3,264,000
- 2018: $3,136,000
- Other Fixed Assets:
- 2019: $2,703,000
- 2018: $2,597,000
- **Total Fixed Assets:**
- 2019: $5,733,000
- 2018: $5,733,000
- **Total Assets:**
- 2019: $15,657,000
- 2018: $15,043,000
**Liabilities & Equity**
- **Current Liabilities:**
- Accounts Payable:
- 2019: $1,878,840
- 2018: $1,805,160
- Notes Payable:
- 2019: $1,722,270
- 2018: $1,654,730
- Accrued Expenses Payable:
- 2019: $1,409,130
- 2018: $1,353,870
- Accrued Taxes Payable:
- 2019: $1,252,560
- 2018: $1,203,440
- **Total Current Liabilities:**
- 2019: $6,262,800
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