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    Butler

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    arnab.for.ever9439
    The document contains income statements and balance sheets for a company from 1988 to the first quarter of 1991. The income statements show increasing net sales, costs, expenses, and net income each year. The balance sheets show growing current assets, total assets, current liabilities, and net worth each year as well, indicating the overall financial health of the company is improving annually.

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    Attribution Non-Commercial (BY-NC)
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    Butler

    Uploaded by

    arnab.for.ever9439
    129 views1 page
    The document contains income statements and balance sheets for a company from 1988 to the first quarter of 1991. The income statements show increasing net sales, costs, expenses, and net income each year. The balance sheets show growing current assets, total assets, current liabilities, and net worth each year as well, indicating the overall financial health of the company is improving annually.

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    © Attribution Non-Commercial (BY-NC)

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    The document contains income statements and balance sheets for a company from 1988 to the first quarter of 1991. The income statements show increasing net sales, costs, expenses, and net income each year. The balance sheets show growing current assets, total assets, current liabilities, and net worth each year as well, indicating the overall financial health of the company is improving annually.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Download as xls, pdf, or txt
    129 views1 page

    Butler

    Uploaded by

    arnab.for.ever9439
    The document contains income statements and balance sheets for a company from 1988 to the first quarter of 1991. The income statements show increasing net sales, costs, expenses, and net income each year. The balance sheets show growing current assets, total assets, current liabilities, and net worth each year as well, indicating the overall financial health of the company is improving annually.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Download as xls, pdf, or txt
    of 1

    Sheet1

    INCOME STATEMENTS

    Net sales
    Cost of goods sold
    Beginning inventory
    Purchases
    Ending inventory
    Total cost of goods sold
    Gross profit
    Operating expense
    Earnings before interest and taxes
    Interest expense
    Net income before income taxes
    Provision for income taxes
    Net income

    1st Qtr
    1991

    1988

    1989

    1990

    1,697

    2,013

    2,694

    718

    183
    1,278
    1,461
    239
    1,222

    239
    1,524
    1,763
    326
    1,437

    326
    2,042
    2,368
    418
    1,950

    418
    660
    1,078
    556
    522

    475
    425
    50
    13
    37
    6
    31

    576
    515
    61
    20
    41
    7
    34

    744
    658
    86
    33
    53
    9
    44

    196
    175
    21
    10
    11
    2
    9

    BALANCE SHEETS
    1988

    1989

    1990

    1st Qtr
    1991

    Cash
    Accounts receivable, net
    Inventory
    Current assets
    Property, net
    Total assets

    58
    171
    239
    468
    126
    594

    49
    222
    325
    596
    140
    736

    41
    317
    418
    776
    157
    933

    31
    345
    556
    932
    162
    1,094

    Notes payable, bank


    Notes payable, Mr. Stark
    Notes payable, trade
    Accounts payable
    Accrued expenses
    Long-term debt, current portion
    Current liabilities
    Long-term debt
    Total liabilities
    Net worth
    Total liabilities and net worth

    105
    124
    24
    7
    260
    64
    324
    270
    594

    146
    192
    30
    7
    375
    57
    432
    304
    736

    233
    256
    39
    7
    535
    50
    585
    348
    933

    247
    157
    243
    36
    7
    690
    47
    737
    357
    1,094

    Note: Net worth grows (falls) each year by net income,


    since no dividends are paid or shares repurchased.

    Page 1

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