The balance sheet shows total assets of $79,490 consisting of non-current assets such as land, buildings, and machinery totaling $28,000 and current assets including cash, bottles, and accounts receivable totaling $51,490. Total equity is $64,460 made up of capital and retained earnings, with current liabilities of $15,030 making up the difference. The statement of cash flows shows an increase in cash of $33,780 from operating activities. The income statement displays revenue of $360,000 and expenses of $61,580 resulting in net income of $174,420.
The balance sheet shows total assets of $79,490 consisting of non-current assets such as land, buildings, and machinery totaling $28,000 and current assets including cash, bottles, and accounts receivable totaling $51,490. Total equity is $64,460 made up of capital and retained earnings, with current liabilities of $15,030 making up the difference. The statement of cash flows shows an increase in cash of $33,780 from operating activities. The income statement displays revenue of $360,000 and expenses of $61,580 resulting in net income of $174,420.
The balance sheet shows total assets of $79,490 consisting of non-current assets such as land, buildings, and machinery totaling $28,000 and current assets including cash, bottles, and accounts receivable totaling $51,490. Total equity is $64,460 made up of capital and retained earnings, with current liabilities of $15,030 making up the difference. The statement of cash flows shows an increase in cash of $33,780 from operating activities. The income statement displays revenue of $360,000 and expenses of $61,580 resulting in net income of $174,420.
The balance sheet shows total assets of $79,490 consisting of non-current assets such as land, buildings, and machinery totaling $28,000 and current assets including cash, bottles, and accounts receivable totaling $51,490. Total equity is $64,460 made up of capital and retained earnings, with current liabilities of $15,030 making up the difference. The statement of cash flows shows an increase in cash of $33,780 from operating activities. The income statement displays revenue of $360,000 and expenses of $61,580 resulting in net income of $174,420.
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Balance Sheet
31-Dec-20 Non-current asset Land $8,000 Building 10000 Less: Accumulated Depreciation -500 Machinery 10,000 Less: Accumulated Depreciation -500 Vehicle 1000 Total Non-Current asset $28,000
Current Asset Cash $40,000 Bottles 2000 Account Receivables 9490 Total Current Asset 51,490 Total Assets 79,490
Equity and Liabilities
Capital $25,000 Retained Earnings 39,460 Total Equity 64,460
Current Liabilities Account Payables 15,030 Total Equity and Liabilities 79,490 Statement of Cashflow Water Buddy Year end December 31, 2020 Income from Operating Activities:
Net Income before Income Tax 33,880
Depreciation 100 Net Cash from Operating Activities 33,780 Cash from Investing Activities Zero Amount - Cash from Financing Activities Loan issued 3,000
Net increase/ decrease in the cash 33,780
Cash at the beginning of period - Cash at the end of period 33,780 Income Statement December 31, 2020 Accounts Per Unit Number of Units (per year) Revenue 5.00 72,000.00 7.00 2,000.00 less: Cost of goods sold 2.00 72,000.00 Purified Mineral Water Bottle 3.00 2,000.00 Gross Margin
Less: Expenses Salaries expense 8,400.00 Delivery Charges 1,080.00 utilities Expense 1,200.00 Repair and maintenance 400.00 Depreciation Expense: Machinery 500.00 Depreciation Expense: Building 50,000.00 Total Expenses Net Income Dollars 360,000.00 Working Capital Ratio. 3.43 14,000.00 Quick Ratio. 5.16 144,000.00 6,000.00 236,000.00 Debt-Equity Ratio. 0.23 Return on Equity (ROE) 2.71
