Busi. 408 Case, Soph. Petites

Busi. 408 Case, Soph. Petites - Current share of LT liab....

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Assumption Existing Assumption Income Statement Turnover 1450 COGS GP 40% 580 Advertising exp. 15 45 2.5% of sales 36 Bad debts .1% of sales Bank charges 0.6 Credit Card Deprec. 10% x Fixed Assets 11 10% x $86000 Loss due to theft 1% of sales Owner's salary 40 Promotion 3% of sales Rent 141 10 months x $5000 90 Interest exp. 6 Total exp. Extraordinary loss Income before tax Taxes 25% Net income Balance Sheet Cash Inventory inv. Turnover of 3 Prepaids Fixed assets Acc. Dep. Based on $17000 + F13 Total assets 75 days A/P
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Unformatted text preview: Current share of LT liab. see LT liab. Exhibit Due to shareholders LTD loans Equity- paid in Retained earnings 40 + 76 Total shareholders' equity Total liab & equity Bank loans ("plug") New Total % Sales (1990) 550 2000 2000000 1259999 220 800 740001 5 20 23068 20 65 69203 14 50 50000 2 2001 0.6 600 25 24999 9 20 16999 20 20000 40 62500 60 60001 51 192 213088 98 188 138459 10 16 699 679382 101 76 86454 15 400 3 160 578 590677 274 8 19 58 105950 29 75 116 201621 578 590677...
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Busi. 408 Case, Soph. Petites - Current share of LT liab....

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