Strategos Books & Videos

The Strategos Guide To Value Stream & Process Mapping ■ Facilities Planning & Workplace Design

Warehouse Modernization & Planning Guide ■ The Human Side of Lean Video

The Product Costing Problem

Simplicity Electronics

Financial Statements

Income Statement

ANNUAL SALES 24.0
COST OF SALES

DIRECT LABOR

 4.2

DIRECT MATERIALS

 6.4

FACTORY OH(110%DL)

 6.3

TOTAL

 16.9
GROSS PROFIT 7.1

G&A EXPENSE

 1.4

SELLING EXPENSE

 1.1

SUBTOTAL

 2.5

INCOME FROM OPERATIONS

 4.6

OTHER INCOME 0.5
INTEREST EXPENSE .6
PRETAX PROFIT 4.5
TAXES (@50%) 2.3
NET INCOME 2.3

Balance Sheet

CURRENT ASSETS

CASH

 0.4

MARKETABLE SECURITIES

 0.3

ACCOUNTS RECEIVABLE

 2.9

INVENTORIES

 4.3

PREPAID EXPENSES

 0.0
TOTAL CURRENT ASSETS 7.9
PLANT & EQUIPMENT

LAND

 1.1

BUILDINGS/IMPROVEMENTS

 5.6

EQUIPMENT

 4.2

SUBTOTAL

 10.9

LESS DEPRECIATION

 2.7
NET FIXED ASSETS 8.2
TOTAL ASSETS 16.1
CURRENT LIABILITIES

NOTES PAYABLE

 0.1

CURRENT PORTION LT DEBT

 0.3

ACCRUED PAYROLL

 0.4

ACCOUNTS PAYABLE

 0.2

INCOME TAX PAYABLE

 0.3
TOTAL CURRENT LIABILITIES 1.2
LONG-TERM DEBT 2.7
TOTAL LIABILITIES 3.9

Capital Statement
STOCKHOLDER'S EQUITY

COMMON STOCK

 2.4

PAID-IN CAPITAL

 2.8

RETAINED EARNINGS

 3.0

TOTAL EQUITY CAPITAL

 8.2
TOTAL LIABILITIES/CAPITAL 12.1
 

 

 

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