TABLE 4-8 Financial Statements for Sam's Sandwich Delivery Profit Loss (Income Statement) for Six Months Ending June 30, 2013 Revenues Retail Sales Wholesale Sales $68,283 104,417 Total Revenues $172,700 Cost of Sales Gross Profit 52.067 $120,633 Total Operating Expenses Operating Profit Other Income/Expenses 111,117 9,516 Interest Income 41 Interest Expense Depreciation-Store Equipment Total Other Income/Expenses Net Profit (651) (292) (902) $ 8,614 Balance Sheet as of 06-30-2013 Assets Current Assets Change Fund Cash in Bank-Checking Cash in Bank-Savings Accounts Receivable Inventories 569 8,612 9,622 6,843 2,607 Total Current Assets $28,253 Fixed Assets Furniture and Fixtures Less: Accum Depreciation Equipment Less: Accum Depreciation Transportation Equipment Less: Accum Depreciation 4,296 4,110 68,293 67,725 31,168 11.571 186 568 19,597 Total Fixed Assets $20,351 $48,604 Total Assets Current Liabilities Accounts Payable Trade Accrued Payroll Taxes Accrued Sales Taxes Total Current Liabilities 6,208 3,464 987 $10,659 Long-Term Liabilities Auto Loans Payable Total Long-Term Liabilities Total Liabilities Stockholder's Equity Common Stock 18,626 $18.626 $29,285 Retained Earnings Net Profit/Loss Total Equity 83,081 (72,376) 8,614 19,319 Total Liabilities and Equity $48,604
TABLE 4-8 Financial Statements for Sam's Sandwich Delivery Profit Loss (Income Statement) for Six Months Ending June 30, 2013 Revenues Retail Sales Wholesale Sales $68,283 104,417 Total Revenues $172,700 Cost of Sales Gross Profit 52.067 $120,633 Total Operating Expenses Operating Profit Other Income/Expenses 111,117 9,516 Interest Income 41 Interest Expense Depreciation-Store Equipment Total Other Income/Expenses Net Profit (651) (292) (902) $ 8,614 Balance Sheet as of 06-30-2013 Assets Current Assets Change Fund Cash in Bank-Checking Cash in Bank-Savings Accounts Receivable Inventories 569 8,612 9,622 6,843 2,607 Total Current Assets $28,253 Fixed Assets Furniture and Fixtures Less: Accum Depreciation Equipment Less: Accum Depreciation Transportation Equipment Less: Accum Depreciation 4,296 4,110 68,293 67,725 31,168 11.571 186 568 19,597 Total Fixed Assets $20,351 $48,604 Total Assets Current Liabilities Accounts Payable Trade Accrued Payroll Taxes Accrued Sales Taxes Total Current Liabilities 6,208 3,464 987 $10,659 Long-Term Liabilities Auto Loans Payable Total Long-Term Liabilities Total Liabilities Stockholder's Equity Common Stock 18,626 $18.626 $29,285 Retained Earnings Net Profit/Loss Total Equity 83,081 (72,376) 8,614 19,319 Total Liabilities and Equity $48,604
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
Related questions
Question
Practice Pack
Given the
Sandwich Delivery (Table 4–8), answer the following:
a. Calculate the current and quick ratios.
b. Using the inventory figure on the balance sheet as average inventory, calculate
the inventory turnover ratio.
c. Calculate the debt-to-equity ratio, debt-to-total-asset ratio, and operating
profit margin ratio.
d. Perform a vertical analysis of the income statement.
e. Perform a vertical analysis of the balance sheet.
f. Based on your analysis, would you consider investing in Sam’s Sandwich
Delivery?
Transcribed Image Text:TABLE 4-8 Financial Statements for Sam's Sandwich Delivery
Profit Loss (Income Statement) for
Six Months Ending June 30, 2013
Revenues
Retail Sales
Wholesale Sales
$68,283
104,417
Total Revenues
$172,700
Cost of Sales
Gross Profit
52.067
$120,633
Total Operating Expenses
Operating Profit
Other Income/Expenses
111,117
9,516
Interest Income
41
Interest Expense
Depreciation-Store Equipment
Total Other Income/Expenses
Net Profit
(651)
(292)
(902)
$ 8,614
Balance Sheet as of 06-30-2013
Assets
Current Assets
Change Fund
Cash in Bank-Checking
Cash in Bank-Savings
Accounts Receivable
Inventories
569
8,612
9,622
6,843
2,607
Total Current Assets
$28,253
Fixed Assets
Furniture and Fixtures
Less: Accum Depreciation
Equipment
Less: Accum Depreciation
Transportation Equipment
Less: Accum Depreciation
4,296
4,110
68,293
67,725
31,168
11.571
186
568
19,597
Total Fixed Assets
$20,351
$48,604
Total Assets
Current Liabilities
Accounts Payable Trade
Accrued Payroll Taxes
Accrued Sales Taxes
Total Current Liabilities
6,208
3,464
987
$10,659
Long-Term Liabilities
Auto Loans Payable
Total Long-Term Liabilities
Total Liabilities
Stockholder's Equity
Common Stock
18,626
$18.626
$29,285
Retained Earnings
Net Profit/Loss
Total Equity
83,081
(72,376)
8,614
19,319
Total Liabilities and Equity
$48,604
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