Net Sales Cost of Goods Sold Operating Expenses Earnings Before Tax Income Tax Net Income Assets Current Assets Cash Short Term Investments Accounts Receivble Inventory Prepaid Expenses Total Current Assets Non Current Assets Comparative Income Statement For NIKI Corporation Year 2016 Year 2015 3,295,679 2,960,409 2,121,789 1,955,553 749,002 665,015 424,888 339,841 166,464 129,140 258,424 210,701 Comparative Statement of Financial Position for NIKI Year 2016 Year 2015 460,332 243,302 83,479 15,225 331,155 66,229 956,438 0 9,886 365,692 71,897 690,777

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Answer Using the Picture 2) Comment on the assets ,liabilities and owners equity 

Long Term Liabilities
Long Term Debt
Other Long Term Liabilities
Shareholder's Equity
Common Stock
Additional Paid in Capital
Retained Earnings
Total Liabilities and Stockholders Equity
75,000
99,398
174,398
75,000
81,281
156,281
7,733
7,787
184,306 151,107
934,382 728,999
1,126,475 887,839
1,763,117 1,379,248
Transcribed Image Text:Long Term Liabilities Long Term Debt Other Long Term Liabilities Shareholder's Equity Common Stock Additional Paid in Capital Retained Earnings Total Liabilities and Stockholders Equity 75,000 99,398 174,398 75,000 81,281 156,281 7,733 7,787 184,306 151,107 934,382 728,999 1,126,475 887,839 1,763,117 1,379,248
Net Sales
Cost of Goods Sold
Operating Expenses
Earnings Before Tax
Income Tax
Net Income
Assets
Current Assets
Cash
Short Term Investments
Accounts Receivble
Inventory
Prepaid Expenses
Total Current Assets
Non Current Assets
Furniture
Equipment
Buildings
Accumulated Depreciation
Other Assets
Total Assets
Current Liabilities
Notes Payable
Accounts Payable
Accured Expenses
Income Tax Payable
Accrued Wages
Total Current Liabilities
Comparative Income Statement For NIKI Corporation
Year 2016 Year 2015
3,295,679 2,960,409
2,121,789 1,955,553
749,002 665,015
424,888 339,841
166,464
129,140
258,424 210,701
Comparative Statement of Financial Position for NIKI Corpo
Year 2016 Year 2015
460,332
83,479
15,225
331,155
66,229
956,438
243,302
0
9,886
365,692
71,897
690,777
128,670
288,219
404,952 116,623
556,858 490,791
<350,058> <245,265>
740,422
66,257
1,763,117
650,368
38,103
1,379,248
Liabilities and Stock Holders Equity
Year 2016 Year 2015
7,603
0
216,664 193,375
163,350 128,301
70,431
10,624
4,196
2,828
462,244
355,128
Transcribed Image Text:Net Sales Cost of Goods Sold Operating Expenses Earnings Before Tax Income Tax Net Income Assets Current Assets Cash Short Term Investments Accounts Receivble Inventory Prepaid Expenses Total Current Assets Non Current Assets Furniture Equipment Buildings Accumulated Depreciation Other Assets Total Assets Current Liabilities Notes Payable Accounts Payable Accured Expenses Income Tax Payable Accrued Wages Total Current Liabilities Comparative Income Statement For NIKI Corporation Year 2016 Year 2015 3,295,679 2,960,409 2,121,789 1,955,553 749,002 665,015 424,888 339,841 166,464 129,140 258,424 210,701 Comparative Statement of Financial Position for NIKI Corpo Year 2016 Year 2015 460,332 83,479 15,225 331,155 66,229 956,438 243,302 0 9,886 365,692 71,897 690,777 128,670 288,219 404,952 116,623 556,858 490,791 <350,058> <245,265> 740,422 66,257 1,763,117 650,368 38,103 1,379,248 Liabilities and Stock Holders Equity Year 2016 Year 2015 7,603 0 216,664 193,375 163,350 128,301 70,431 10,624 4,196 2,828 462,244 355,128
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