5_North Country Auto Exhibits

5_North Country Auto Exhibits - 99 22 18 19 28 12 Body Shop...

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11/09/2011 16:55:35 2b4b1d3f1e6d083f60d6bb3adb99bdff126cdf10.xls North Country Auto, Inc. North Country Auto, Inc. Balance Sheet as of October 31, 1989 (in thousands) Income Statement 10 months ending October 31, 1989 (in thousands) Assets Total New Used Service Body Parts Cash 32 Accounts Payable 73 # Units Sold 474 390 9,795 406 40,139 Accounts Receivable 228 Notes Pay - Vehicles 1,294 Sales 10,435 6,558 1,557 672 231 1,417 Saab Inventory 253 Total Current Liab. 1,367 Cost of Sales 8,817 6,056 1,368 251 86 1,056 VW Inventory 243 Gross Profit 1,618 502 189 421 145 361 Ford Inventory 773 Long Term Debt 344 Direct Selling 121 96 25 - - - Used Cars 231 Total Liabilities 1,711 OH - Indirect labor 693 162 74 237 64 156 Saab Parts 75 OH - Dept. Advertising 145 91 30 19 2 3 VW Parts 75 OH - Policy Work 68 29 12 14 12 1 Ford parts 226
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Unformatted text preview: 99 22 18 19 28 12 Body Shop Materials 6 OH - Depreciation 26 3 1 15 5 2 Other Current Assets 89 OH - Rent 200 89 22 67 13 9 Total Current Assets 2,231 Total Overhead Allocations 1,231 396 157 371 124 183 PP&E Gross 377 Common Stock 400 Profit before Common Exp. 266 10 7 50 21 178 Accumulated Depr. (292) Retained Earnings 205 Interest - New Inventory 110 PP&E Net 85 Total Equity 605 Interest - Other 21 Total Assets 2,316 Total Liab. & Equity 2,316 Owners' Salary 65 Insurance 35 Net Operating Profit 35 New & Used Breakdown Units Sales Gross P Ford 243 3,114 193 Saab 73 1,502 90 VW 158 1,794 117 Financing 148 102 Total New Car Sales 474 6,558 502 Used - Retail 177 1,045 212 Used - Wholesale 213 423 (59) Financing 89 36 390 1,557 189 Total Used Car Sales...
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