Some recent financial statements for Smolira Golf Corp. follow. |
SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets |
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Assets | Liabilities and Owners’ Equity | |||||||||||||||
2017 | 2018 | 2017 | 2018 | |||||||||||||
Current assets | Current liabilities | |||||||||||||||
Cash | $ | 34,785 | $ | 38,204 | Accounts payable | $ | 37,282 | $ | 42,782 | |||||||
Accounts receivable | 18,001 | 28,126 | Notes payable | 19,408 | 16,500 | |||||||||||
Inventory | 3,730 | 42,792 | Other | 20,224 | 24,954 | |||||||||||
Total | $ | 56,516 | $ | 109,122 | Total | $ | 76,914 | $ | 84,236 | |||||||
Long-term debt | $ | 117,000 | $ | 182,015 | ||||||||||||
Owners’ equity | ||||||||||||||||
Common stock and paid-in surplus | $ | 55,400 | $ | 55,400 | ||||||||||||
Accumulated retained earnings | 271,867 | 307,704 | ||||||||||||||
Fixed assets | ||||||||||||||||
Net plant and equipment | $ | 464,665 | $ | 520,233 | Total | $ | 327,267 | $ | 363,104 | |||||||
Total assets | $ | 521,181 | $ | 629,355 | Total liabilities and owners’ equity | $ | 521,181 | $ | 629,355 | |||||||
SMOLIRA GOLF CORP. 2018 Income Statement |
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Sales | $ | 508,454 | |||||
Cost of goods sold | 360,728 | ||||||
Depreciation | 44,963 | ||||||
Earnings before interest and taxes | $ | 102,763 | |||||
Interest paid | 20,083 | ||||||
Taxable income | $ | 82,680 | |||||
Taxes (24%) | 19,843 | ||||||
Net income | $ | 62,837 | |||||
Dividends | $ | 27,000 | |||||
Retained earnings | 35,837 | ||||||
Some recent financial statements for Smolira Golf Corp. follow. SMOLIRA GOLF CORP. 2017 and 2018...
Some recent financial statements for Smolira Golf Corp. follow. Assets 2017 2018 Current assets Cash Accounts receivable Inventory Total $ 34,685 17.951 3,700 $ 42,732 16.425 24,874 SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities $ 38,112 Accounts payable $ 37,092 28,036 Notes payable 19.308 42,752 Other 20,134 $ 108,900 Total $ 76,534 Long-term debt $ 116.500 Owners' equity Common stock and paid-in surplus $ 55,300 Accumulated retained earnings 272,552 $ 56,336...
Some recent financial statements for Smolira Golf Corp. follow. Assets 2017 2018 Current assets Cash Accounts receivable Inventory SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities $ 39,400 Accounts payable $ 39,752 29,296 Notes payable 20,708 43,312 Other 21,394 $ 36,085 18,651 4,120 20 $ 43,432 17,475 25,994 Total $ 58,856 $ 112,008 Total $ 81,854 $ 86,901 Long-term debt $ 123,500 $ 187,898 $ 56,700 Owners' equity Common stock and paid-in...
SMOLIRA GOLF CORP 2017 and 2018 Balance Sheets Assets Liabilities and Owners Equity 2017 2018 2017 2018 Current assets Current liabilities Accounts payable Cash $ 35,085 $ 38.480 $ 37,852 S 42,932 Accounts 18,151 28,396 Notes payable 19,708 16,725 receivable Inventory 3,820 42,912 Other 20,494 25,194 Total $ 57056 $ 109,788 Total $ 78,054 $ 84,851 Long-term debt $118,500 $181,793 Owners equity Common stock and paid-in surplus Accumulated retained $ 55,700 $55,700 269,812 308,127 earnings Fixed assets Net plant and...
Some recent financial statements for Smolira Golf Corp. follow. SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Assets Liabilities and Owners’ Equity 2017 2018 2017 2018 Current assets Current liabilities Cash $ 24,246 $ 26,100 Accounts payable $ 25,184 $ 29,100 Accounts receivable 14,448 17,200 Notes payable 20,000 12,800 Inventory 27,992 29,100 Other 13,571 18,100 Total $ 66,686 $ 72,400 Total $ 58,755 $ 60,000 Long-term debt $ 89,000 $ 103,648 Owners’ equity Common stock and paid-in surplus $...
Some recent financial statements for Smolira Golf Corp. follow Assets 2018 2017 $ Current assets Cash Accounts receivable Inventory $ 24,246 14.448 27,992 SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities $ 26,100 Accounts payable $ 25,184 17,200 Notes payable 20,000 29,100 Other 13,571 $ 72,400 Total $ 58,755 Long-term debt $ 89,000 29,100 12,800 18,100 Total $ 66,686 $ 60,000 $ 101,000 $ 50.000 Owners' equity Common stock and paid-in $...
Some recent financial statements for Smolira Golf Corp. follow SMOLIRA GOLF CORP 2017 and 2018 Balance Sheets Assets Liabilities and Owners' Equity 2017 2018 2017 2018 Current assets Current liabilities Cash $ 24,056 24,200 15,300 27,200 $ 62,196 $66,700 $ 23,284 $ 27,200 10,900 15,900 $ 46,955 54,000 90,000 93,294 Accounts Inventory Total Accounts payable Notes payable Other 12,548 12,000 receivable 25,592 11,671 Total Long-term debt Owners' equity Common stock and paid-in $42,000 42,000 surplus Accumulated retained 208,936 242,706 earnings...
Some recent financial statements for Smolira Golf Corp. follow SMOLIRA GOLF CORP 2017 and 2018 Balance Sheets Assets Liabilities and Owners' Equity 2017 2018 2017 2018 Current assets Current liabilities Cash $ 24,056 24,200 15,300 27,200 $ 62,196 $66,700 $ 23,284 $ 27,200 10,900 15,900 $ 46,955 54,000 90,000 93,294 Accounts Inventory Total Accounts payable Notes payable Other 12,548 12,000 receivable 25,592 11,671 Total Long-term debt Owners' equity Common stock and paid-in $42,000 42,000 surplus Accumulated retained 208,936 242,706 earnings...
Some recent financial statements for Smolira Golf Corp. follow. Assets 2017 2018 Current assets Cash Accounts receivable Inventory $ 24,076 12,748 25,742 SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities $ 24,400 Accounts payable $ 23,484 15,500 Notes payable 13,000 2 7,400 Other 11,871 $ 67,300 Total $ 48,355 Long-term debt $ 72,000 $ 27,400 11,100 17,500 Total $ 62,566 $ 56,000 $ 85,616 Owners' equity Common stock and paid-in surplus Accumulated...
Some recent financial statements for Smolira Golf Corp. follow. SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Liabilities and Owners' Equity Assets 2017 2017 2018 2018 Current liabilities Current assets $ 42,632 $34,485 $37,928 $36,712 Cash Accounts payable Accounts Notes payable 17,851 27,856 19,108 16,275 receivable Other Inventory 3,640 42,672 19,954 24,714 $55,976 $108,456 $75,774 Total 83,621 Total $115,500 $174,101 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings $55,100 55,100 273,922 315,417 Fixed assets Net plant...
Assets 2017 2018 SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities $ 38,940 Accounts payable $ 38,802 28,846 Notes payable 20,208 43,112 Other 20,944 Current assets Cash Accounts receivable Inventory $ $ 35,585 18,401 3,970 43,182 17,100 25,594 Total $ 57,956 $ 110,898 Total $ 79,954 $ 85,876 Long-term debt $ 121,000 $ 186,846 $ 56,200 $ 56,200 Owners' equity Common stock and paid-in surplus Accumulated retained earnings 266,387 303,409 Fixed assets...