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Dear Students,
Read the instructions carefully.
General Instructions:
Students will have to submit their assignments as per the following
instruction:
1. As it is an INDIVIDUAL assignment, students will have to submit it individually
on or before 8th February 2015. (If there is Hartal, submit it
2.
3.
4.
5.
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7.
followed
properly,
your
Dear Students,
This is the balance sheet and income statement of the Butler Lumber company.
Find out its ratios and analyze them.
EXHIBI
T1
Net
sales
Cost of goods sold
Beginning inventory
Purchas
es
Ending inventory
Total cost of goods sold
GROSS PROFIT
Operating expense (b)
Interest expense
Net income before taxes
Provision for income taxes
Net
income
1988
$1,6
97
1989
$2,0
13
183
239
1,27
8
$1,4
61
239
$1,2
22
1,52
4
$1,7
63
326
$1,4
37
475
576
1990
$2,694
326
2,042
$2,368
418
$1,950
744
425
13
$37
6
515
20
$41
7
658
33
$53
9
$31
$34
$44
EXHIBIT 2
Cash
Accounts receivable,
net
Inventory
Current assets
Property, net
Total assets
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
1988
58
1989
49
1990
41
171
239
468
126
594
222
325
596
140
736
317
418
776
157
933
146
233
124
24
192
30
256
39
7
260
64
324
270
594
7
375
57
432
304
736
7
535
50
585
348
933
105