4.01 Clothing Store_ Inc. Financial Statements and Ratio Key by suchenfz

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									                                                The Clothing Store, Inc.
                                                    Balance Sheet
                                                     July 31, 20XX

Assets                                                       Liabilities
Current assets                                               Current liabilities
Cash and cash equivalents                         121,373    Accounts payable                               2,500
Short-term investments                             11,517    Wage payable                                  15,000
Accounts receivable                                 1,198    Income taxes payable                           3,027
Inventories                                           984    Short-term bank loan payable                   1,110
Deferred income taxes                                 967
Prepaid expenses and other current assets             567
Total current assets                        $     136,606    Total current liabilities                $    21,637


Other assets                                                 Other liabilities
Property, plant, and equipment at cost             67,888    Long-term debt                                12,355
Less accumulated depreciation                      (6,098)   Deferred income taxes                          1,485
Property, plant, and equipment (net)                 5,795   Deferred credits and other liabilities         1,500
Long-term cash investments                            765    Total liabilities                        $    15,340


Equity investments                                 11,972    Owner's Equity                           $   202,668
Deferred income taxes                                 520    Total Liabilities and Owner's Equity     $   218,008
Other assets                                          560
Total other assets                          $      81,402

Total assets                                $     218,008
              The Clothing Store, Inc.
                Income Statement
                   July 31, 20XX

Revenue
Sales                                     38,000
Interest earned                              500
Total Revenue                            $38,500

Expenses
Selling                                    1,000
Marketing                                  1,500
Wage payable                              15,000
Income taxes                               3,027
Mortgage                                   1,110
Loan expense                              12,355
Deferred income taxes                      1,485
Credit Card                                1,500
Total Expenses                           $36,977
Net Income                                $1,523
                                            The Clothing Store, Inc.
                                                Balance Sheet
                                                 July 31, 20XX
Current ratio                                           6.31 Return on Equity Ratio                          0.01

Debt to Equity Ratio                                    0.08 Net Income Ratio                               24.95



Assets                                                         Liabilities
Current assets                                                 Current liabilities
Cash and cash equivalents                            121,373 Accounts payable                               2,500
Short-term investments                                11,517 Wage payable                                  15,000
Accounts receivable                                    1,198 Income taxes payable                           3,027
Inventories                                              984 Short-term bank loan payable                   1,110
Deferred income taxes                                    967
Prepaid expenses and other current assets                567
Total current assets                            $    136,606 Total current liabilities                $    21,637


Other assets                                                   Other liabilities
Property, plant, and equipment at cost                67,888 Long-term debt                                12,355
Less accumulated depreciation                        (6,098) Deferred income taxes                          1,485
Property, plant, and equipment (net)                   5,795 Deferred credits and other liabilities         1,500
Long-term cash investments                               765 Total liabilities                        $    15,340


Equity investments                                    11,972 Owner's Equity                           $   202,668
Deferred income taxes                                    520 Total Liabilities and Owner's Equity     $   218,008
Other assets                                             560
Total other assets                               $    81,402

Total assets                                    $    218,008
         The Clothing Store, Inc.
           Income Statement
              July 31, 20XX

Revenue
Sales                                38,000
Interest earned                         500
Total Revenue                       $38,500

Expenses
Selling                               1,000
Marketing                             1,500
Wage payable                         15,000
Income taxes                          3,027
Mortgage                              1,110
Loan expense                         12,355
Deferred income taxes                 1,485
Credit Card                           1,500
Total Expenses                      $36,977
Net Income                           $1,523

								
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