Analysis of Financial Statements

Cover Analysis of Financial Statements
Analysis of Financial Statements
Richard P Wilson
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14 for every $1 of current debt.
Let us now take the statement, item for item.
WILSON AND CARPENTER LAKESIDE GROCERY COMPANY DETROIT, MICH.
Statemext as of December 31, 1916 Assets Cash $88, 225. 16 Notes Receivable 104, 424. 22 Accounts Receivable . . 506, 325. 36 Merchandise 812, 150. 09 Real Estate, Bldgs. , etc. 328, 147. 51 Investment in A. B. C.
Can Co 180, 000. 00 Loans to Officers, Em- ployees, etc 13, 652. 62 Deferred Assets 7, 804. 31 Machinery & Fixtures. 92, 018. 04 Patents & Goodwi
...ll . . . 400, 000. 00 Liabilities Notes Payable $600, 000. 00 Accounts Payable .... 69, 558. 32 Accrued Interest 1, 562. 21 Bonded Debt ($10, 000.
Exp. Annually) 100, 000. 00 Reserve for Bonus, etc. 25, 162. 44 Capital — Preferred ( 6% Cu- mulative) 700, 000. 00 Common 400, 000. 00 Surplus 636, 464. 34 $2, 532, 747. 31 $2, 532, 747. 31 Sales (1916)— $4, 688, 293. 78 Profits— $147, 983. 35 Dividends — 6% Preferred — 8% Common Depreciation — $25, 762. 54 We have examined the books and accounts of the Lakeside Grocery Company, of Detroit, Mich.


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