Bonusassignment2015 - CoastJewelers,Inc IncomeStatement...

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Student Name 04/13/2015 8253e611a3dc6ffe782825afb22bf103e9d01a07.xlsx Coast Jewelers, Inc. Income Statement For the Year Ended 12/31/11 12/31/12 Sales Revenue  $850,511.65   $825,974.15  Less: Cost of Goods Sold  442,619.87   489,547.25  Gross Margin  407,891.78   336,426.90  Expenses:   Advertising  20,654.21   26,548.55    Depreciation  22,000.00   22,000.00    Interest  40,846.24   32,338.94    Payroll  115,365.11   129,547.97    Utilities  23,541.25   27,546.16  Net income before taxes  185,484.97   98,445.28    Income taxes  65,218.98   31,600.00  Net income  $120,265.99   $66,845.28 
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Student Name 04/13/2015 8253e611a3dc6ffe782825afb22bf103e9d01a07.xlsx Coast Jewelers, Inc. Balance Sheet as of Assets 12/31/11 12/31/12 Current Assets:   Cash  $25,412.35   $20,182.15    Accounts Receivable  84,245.25   102,544.24    Inventory  125,351.45   152,154.21    Prepaid Expenses  15,625.26   15,241.75    Supplies  10,245.15   6,578.24  Property, Plant, and Equipment:
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Unformatted text preview: Land 120,000.00 120,000.00 Building 300,000.00 315,000.00 Equipment 65,000.00 70,000.00 Less: Accumulated Depreciation (68,000.00) (90,000.00) Total $677,879.46 $711,700.59 Liabilities and Stockholders' Equity Liabilities Current Liabilities: Accounts Payable $75,182.10 $84,005.70 Payroll Liabilities 8,152.25 Long-Term Debt 400,000.00 350,000.00 Stockholders' Equity Common Stock 10,000.00 10,000.00 Retained Earnings 192,697.36 259,542.64 Total $677,879.46 $711,700.59 Coast Jewelers, Inc. Ratio Analysis Dec-2012 Profitability Return on owners' investment Return on total investment Profit margin Gross margin Liquidity Current ratio Quick ratio Receivable turnover Inventory turnover Solvency Debt-to-equity Liability/Totoal assets...
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