Financial Statements

Financial Statements - Operating Statement BUTLER LUMBER...

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Operating Statement BUTLER LUMBER COMPANY 1988 1989 1990 Net Sales 1697 2013 2694 Cost of Goods Sold Beginning Inventory 183 239 326 Purchases 1278 1524 2042 1461 1763 2368 Ending Inventory 239 326 418 Total Cost of Goods Sold 1222 1437 1950 Gross Profit 475 576 744 Operating Expense 425 515 658 Interest Expense 13 20 33 Net Income Before Taxes 37 41 53 Provision for Income Taxes 6 7 9 Net Income  31 34 44 Balance Sheets BUTLER LUMBER COMPANY 1998 1989 1990 Cash 58 48 41 Account Receivable, net 171 222 317 Inventory 239 326 418 Current Assets 468 596 776 Property, net 126 140 157 Total Assets 594 736 933 Notes Payable, bank 0 146 233 Notes Payable, Mr. Stark 105 0 0 Notes Payable, trade 0 0 0 Accounts Payable 124 192 256 Accrued Expense 24 30 39 Long Term Debt, current portion 7 7 7 Current Liabilities 260 375 535 Long Term Debt 64 57 50 Total Liabilities 324 432 585 Net Worth 270 304 348 594 736 933
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This note was uploaded on 05/11/2008 for the course AEM 2220 taught by Professor Perez,p.d. during the Spring '06 term at Cornell.

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Financial Statements - Operating Statement BUTLER LUMBER...

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