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Maynard Company
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
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
24,576.00
Other Liabilities
Non-Current Liabilities
2,451.00
Shareholders' Equity
Capital Stock
Retained earnings
Total 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
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
$
$
$
$
390,000.00
229,446.00
5,265.00
Current Ratio
Capitalization ratio
ders' Equity
59,991.00
2,451.00
619,446.00
681,888.00
2.1526729
0.088