INCOME STATEMENT

BiduTech, LLC.
Dec 31, 2016
(all values in $)
Revenue
Gross Sales $3,782,000
Less: Sales Returns and Allowances $0
Net Sales $3,782,000

Cost of Goods Sold $991,200

Gross Profit (Loss) $2,790,800

Expenses
Advertising $210,000
Rents $405,000
Repairs and Maintenance $25,000
Utilities $88,000
Vehicle Expenses $15,000
Wages $331,000
Other Expenses $31,250
Total Expenses $1,105,250

Net Operating Income $1,685,550

Interest Expense $24,750
Income Tax $38,198
Net Income (Loss) $1,622,602
 BALANCE SHEET
BiduTech, LLC.
Dec 31, 2016

ASSETS LIABILITIES

Current Assets Current Liabilities

Cash $290,000 Accounts payable
Accounts receivable 410,000 Short-term notes
(less doubtful accounts) Current portion of long-term notes
Inventory 310,000 Interest payable
Temporary investment Taxes payable
Prepaid expenses 405,000 Accrued payroll
Total Current Assets $1,415,000

Fixed Assets Long-term Liabilities

Long-term investments $880,000 Mortgage
Land Other long-term liabilities
Buildings
(less accumulated depreciation)
Plant and equipment
(less accumulated depreciation) Shareholders' Equity
Furniture and fixtures 880,000 Capital stock
(less accumulated depreciation) Retained earnings
Total Net Fixed Assets $1,760,000

TOTAL LIABILITIES
TOTAL ASSETS $3,175,000 AND EQUITY
CE SHEET
ch, LLC.
1, 2016

LIABILITIES

Current Liabilities
Accounts payable $102,000
Short-term notes 90,000
Current portion of long-term notes
Interest payable 24,750
Taxes payable 38,198
Accrued payroll
Total Current Liabilities $254,948

Long-term Liabilities
Mortgage $0
Other long-term liabilities 330,000
Total Long-Term Liabilities $330,000

Shareholders' Equity
Capital stock $301,000
Retained earnings 2,289,052
Total Shareholders' Equity $2,590,052

TOTAL LIABILITIES
AND EQUITY $3,175,000
 Fianacial Ratios

Quick Ratio 4.33

Cash Ratio 1.14
Working Capital 0.37
Gross Profit/ Loss Margin 0.74
Net Profit/ Loss Margin 0.45
Inventory Turnover 3.20
Return on Asset Ratio 0.51
Current Ratio 5.55
Debt to Equity Ratio 0.23
Interest Coverage Ratio 68.10