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MAYNARD COMPANY

Balance Sheet
As of June 1
Asset
Current Asset
Cash
Accounts Receivable
Merchandise Inventory
Prepaid Insurance
Suplies on hand
Note Receivable, Diane Maynard
Total Current Assets

Property, and Equpiment


Land
Building
Less Accumulated Depreciation
Equipment at cost
Less AccumulatedEquipment Depre
Net property and equipment

34,983.00
21,798.00
29,835.00
3,150.00
5,559.00
11,700.00
$

107,025.00

89,700.00

585,000.00
156,000.00 $
13,260.00
5,304.00 $
$

429,000.00
7,956.00
526,656.00

Other Assets
non-current assets

4,875.00

Total Assets

638,556.00

Current Ratio
Capitalization Ratio

4.3548583984
0.039

MAYNARD COMPANY
Balance Sheet
As of June 1
Liabilities and Shareholders' Equity
Current Liabilities
Accounts Payable
Taxes Payable
Accrued Wages Payable
Banks note Payable

8,517.00
5,700.00
1,974.00
8,385.00

Total Current Liabilities

24,576.00

Other Liabilities
Non-Current Liabilities

2,451.00

Shareholders' Equity
Capital Stock
Retained earnings
Total Shareholders' Equity

Total Liability and Shareholders' Equity

390,000.00
221,511.00
$ 611,511.00

$ 638,538.00

MAYNARD COMPANY
Balance Sheet
As of June 30
Asset
Current Asset
Cash
Accounts Receivable
Merchandise Inventory
Prepaid Insurance
Suplies on hand
Note Receivable, Diane Maynard
Total Current Assets

Property, and Equpiment


Land
Building
Less Accumulated Depreciation
Equipment at cost
Less AccumulatedEquipment Depreciat
Net property and equipment

66,660.00
26,505.00
26,520.00
2,826.00
6,630.00
-

585,000.00
157,950.00
36,660.00
5,928.00

Other Assets
non-current assets

Total Assets

Income Statement
For June 1
Sales Revenue

MAYNARD COMPANY
Balance Sheet
As of June 30
Liabilities and Shareholders' Equity
Current Liabilities
Accounts Payable
Taxes Payable
Accrued Wages Payable
Banks note Payable

21,315.00
7,224.00
2,202.00
29,250.00

129,141.00
Total Current Liabilities

$
$
$
$

89,700.00 Other Liabilities


Non-Current Liabilities
427,050.00
Shareholders' Equity
30,732.00 Capital Stock
$
547,482.00 Retained earnings
Total Shareholders' Equity

390,000.00
229,446.00

5,265.00

681,888.00 Total Liability and Shareholders' Equity


Income Statement
For June 1

Current Ratio
Capitalization ratio

ders' Equity

59,991.00

2,451.00

619,446.00

681,888.00

2.1526729
0.088