Sheet1Operating Statment1982198319841985Q1Net
Sales$1,187.00$1,408.00$1,884.00$502.00Cost of goods soldBeginning
inventory$128.00$167.00$228.00$292.00Purchases$894.00$1,066.00$1,428.00$462.00$1,022.00$1,233.00$1,656.00$754.00Ending
inventory$167.00$228.00$292.00$389.00Cost of goods
sold$855.00$1,005.00$1,364.00$365.00Gross
profit$332.00$403.00$520.00$137.00Operating
expense$297.00$360.00$460.00$122.00Interest
expense$9.00$14.00$23.00$7.00Net income before interst and
taxes$26.00$29.00$37.00$8.00Provision for income
taxes$5.00$5.00$6.00$1.00Net income$21.00$24.00$31.00$7.00Change
per year1982198319841985Q1AssetsCash$41.00$34.00$29.00$24.00Account
receivable,net$120.00$155.00$222.00$241.00Inventory$167.00$228.00$292.00$389.00Total
current
Assets$328.00$417.00$543.00$654.00Property,net$90.00$98.00$110.00$113.00Total
Assets$418.00$515.00$653.00$767.00
Liabilities and Net worthNote
payable-bank$102.00$163.00$173.00Note payable-Mr Stark$75.00Note
payable-trade$110.00Accounts
payable$87.00$134.00$179.00$170.00Accrued
expenses$17.00$21.00$27.00$25.00Long term debt current
portion$5.00$5.00$5.00$5.00Total current
liabilites$184.00$262.00$374.00$483.00Long term
debt$45.00$40.00$35.00$34.00Total
liabilities$229.00$302.00$409.00$517.00Net
worth$189.00$213.00$244.00$250.00Total liabilities and net
worth$418.00$515.00$653.00$767.001982198319841985(Q1)NWC$144.00$155.00$169.00$171.00NWC
ratio1.781.591.451.35Cash ratio22%13%8%5%Profit
margin1.77%1.70%1.65%1.39%
