vv-4 - $27,331 *International Sales $42,947 Cost of Goods...

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Futbol Grande Income Statement December 31, 2007 (In Thousands) *Domestic Sales $64,201 *International Sales $55,423 Cost of Goods $54,881 Gross Profit $64,743 Operating Expense $7,451 Mortgage Expense $25,492 Depreciation Expense $3,714 Payroll Expense $17,141 Utilities Expense $124 Other Expense $44 EBIT $10,777 Interest Expense $4,499 *Domestic Tax Expense $3,192 *Foreign Tax Expense $2,188 Net Income $898 Futbol Grande Balance Sheet For the year ending December 31, 2007 (In Thousands) Assets Cash $529 Accounts Receivable $27,719 Inventory $1,655 Prepaid Insurance $13 Total Current Assets $29,916 Land $2,819 $8,328 Less:Accumuated Depreciation $3,356 Total Assets $37,707 Accounts Payable $13,198 Long-term Debt $19,779 Retained Earnings $4,730 Total Liabilities and Stockholder's Equity $37,707
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Soccer Central Inc. Income Statement December 31, 2007 (In Thousands) *Domestic Sales
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Unformatted text preview: $27,331 *International Sales $42,947 Cost of Goods $34,001 Gross Profit $36,277 Operating Expense $3,751 Mortgage Expense $9,492 Depreciation Expense $2,514 Payroll Expense $5,141 Utilities Expense $89 Other Expense $37 EBIT $15,253 Interest Expense $2,599 *Domestic Tax Expense $4,471 *Foreign Tax Expense $1,561 Net Income $6,622 Soccer Central Inc. Balance Sheet For the year ending December 31, 2007 (In Thousands) Assets Cash $1,227 Accounts Receivables $11,414 Inventory $4,031 Prepaid Insurance $12 Total Current Assets $16,684 Land $2,100 PP&E $5,234 Less:Accumuated Depreciation $1,248 Total Assets $22,770 Liabilities&Stockholder's Equity Accounts Payable $9,233 Long-term Debt $10,091 Retained Earnings $3,446 Total Liabilities and Stockholder's Equity $22,770...
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vv-4 - $27,331 *International Sales $42,947 Cost of Goods...

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