Hanlon, Inc, Balance Sheets

Unaudited

Audited

Audited

12/31/X7

12/31/X6

12/31/X5

Cash in bank-general

4,000 $

12,000 $

53,000

Cash in bank-payroll

4,000 $

4,000 $

8,000

Petty Cash

500 $

500 $

500

Notes receivable-current

8,000 $

6,000 $

10,000

Accounts-receivable-trade

300,000 $

150,000 $

220,000

Allowance for doubtful accounts

(12,000) $

(12,000) $

(15,000)

Interes receivable

600 $

400 $

500

Investments-current

7,000 $

2,000 $

6,000

Raw materials and Purchasd part inventories

270,000 $

80,000 $

100,000

Goods in process

4,500 $

12,000 $

30,000

Finished goods inventory

300,000 $

180,000 $

266,000

Prepaid expenses-current

8,000 $

5,900 $

7,800

Plant assests-net

1,620,000 $

1,210,000 $

1,200,000

Intangible assests-net

350,000 $

115,000 $

120,000

Other assets

7,000 $

4,000 $

6,000

Total assets

2,871,600 $

1,769,800 $

2,012,800

Notes payable-trade

2,000 $

7,000 $

3,000

Accounts payable-trade

199,086 $

113,586 $

120,000

Taxes payable

8,000 $

6,000 $

20,000

Accured liablities

5,800 $

6,500 $

7,800

Mortage note payable-current

200,000 $

200,000 $

147,000

Notes payable-10%-current

100,000

Notes payable-10%-due 19X9

900,000

Mortage note payable-8%

400,000 $

520,000 $

720,000

Common stock-no par

300,000 $

300,000 $

300,000

Additional paid in capital

120,000 $

120,000 $

120,000

Retained earnings

636,714 $

496,714 $

575,000

Total Liabilities and stockholder equity

2,871,600 $

1,769,800 $

2,012,800

Hanlon, Inc Income Statement

Unaudited

Audited

Audited

12/31/X7

12/31/X6

12/31/X5

Sales

1,800,000 $

1,300,000 $

2,860,000

Cost of goods sold

800,000 $

620,000 $

1,700,000

Gross profit

1,000,000 $

680,000 $

1,160,000

Operating Exepenses

600,000 $

488,954 $

520,000

Income before income taxes

400,000 $

191,046 $

640,000

Income taxes

180,000 $

154,332 $

250,000

Net Income

220,000 $

36,714 $

390,000

Retained earnings-BOY

496,714 $

575,000 $

300,000

Total

716,714 $

611,714 $

690,000

Dividends

80,000 $

115,000 $

115,000

Retained earnings-EOY

636,714 $

496,714 $

575,000

Inventory Turnover

3.00

Accounts receivable turnover

10.00

Profit Margin

5.00%

Debt : Equity Ratio

Current Ratio

50.00%
2:1

INDUSTRY

Inventory Turnover

3.00

Accounts receivable turnover

10.00

Profit Margin

5.00%

Debt : Equity Ratio

Current Ratio

50.00%
2 : 1

1.4.A Laporan keuangan komperatif

1.4.A.1 Hanlon, Inc, Balance Sheets

Unaudited

Audited

12/31/X7

12/31/X6

Cash in bank-general

4,000

0.13% $

12,000

0.67%

Cash in bank-payroll

4,000

0.13% $

4,000

0.22%

Petty Cash

500

0.01% $

500

0.02%

Notes receivable-current

8,000

0.27% $

6,000

0.34%

Accounts-receivable-trade

300,000

10.44% $

150,000

8.47%

Allowance for doubtful accounts

(12,000)

0.41% $

(12,000)

0.67%

Interes receivable

600

0.02% $

400

0.02%

Investments-current

7,000

0.24% $

2,000

0.11%

Raw materials and Purchasd part inventories

270,000

9.40% $

80,000

0.04%

Goods in process

4,500

0.15% $

12,000

0.67%

Finished goods inventory

Prepaid expenses-current
Plant assests-net
Intangible assests-net
Other assets
Total assets

$
$
$
$
$
$

300,000
8,000
1,620,000
350,000
7,000
2,871,600

$
$
$
$
$
$

180,000
5,900
1,210,000
115,000
4,000
1,769,800

10.17%
0.33%
68.36%
6.49%
0.22%
100%

Notes payable-trade
Accounts payable-trade

$
$

2,000
199,086

0.06% $
6.93% $

7,000
113,586

0.39%
6.41%

10.44%
0.27%
56.41%
12.19%
0.24%
100%

Taxes payable
Accured liablities
Mortage note payable-current
Notes payable-10%-current
Notes payable-10%-due 19X9
Mortage note payable-8%
Common stock-no par
Additional paid in capital
Retained earnings

$
$
$
$
$
$
$
$
$

8,000
5,800
200,000
100,000
900,000
400,000
300,000
120,000
636,714

Total Liabilities and stockholder equity

2,871,600

0.27%
0.20%
6.96%
3.48%
31.34%
13.92%
10.44%
4.17%
22.17%

$
$
$

6,000
6,500
200,000

0.33%
0.36%
11.30%

$
$
$
$

520,000
300,000
120,000
496,714

29.38%
16.95%
6.78%
28.06%

100% $

1,769,800

100%

Audited

12/31/X5
$

53,000

2.63%

8,000

0.39%

500

0.02%

10,000

0.49%

220,000

10.93%

(15,000)

0.74%

500

0.02%

6,000

0.29%

100,000

4.96%

30,000

1.49%

$
$
$
$
$
$

266,000
7,800
1,200,000
120,000
6,000
2,012,800

13.21%
0.38%
59.61%
5.96%
0.29%
100%

$
$

3,000
120,000

0.14%
5.96%

$
$
$

20,000
7,800
147,000

0.99%
0.38%
7.30%

$
$
$
$

720,000
300,000
120,000
575,000

35.77%
14.90%
5.96%
28.56%

2,012,800

100%

1.4.A.2 Hanlon, Inc Income Statement

Unaudited

12/31/X7

Audited

12/31/X6

Sales

1,800,000

100% $

1,300,000

100%

Cost of goods sold

800,000

44.00% $

620,000

47.69%

Gross profit

1,000,000

55.55% $

680,000

57.30%

Operating Exepenses

600,000

33.33% $

488,954

37.61%

Income before income taxes

400,000

22.22% $

191,046

14.69%

Income taxes

180,000

10.00% $

154,332

11.87%

Net Income

220,000

12.22% $

36,714

2.82%

Retained earnings-BOY

496,714

27.55% $

575,000

44.23%

Total

716,714

39.81% $

611,714

47.05%

Dividends

80,000

4.44% $

115,000

8.84%

Retained earnings-EOY

636,714

35.37% $

496,714

38.20%

Audited

12/31/X5
$

2,860,000

100%

1,700,000

59.44%

1,160,000

40.55%

520,000

18.18%

640,000

22.37%

250,000

8.74%

390,000

13.63%

300,000

10.48%

690,000

24.12%

115,000

4.02%

575,000

20.10%