[Company Name] Balance Sheet

Date:

Assets 2014 2013

Current Assets
Cash 17,053
Accounts receivable
Inventory 30,000
Prepaid expenses
Short-term investments
Total current assets 47,053 -
Fixed (Long-Term) Assets
Long-term investments -
Property, plant, and equipment 60,000
(Less accumulated depreciation) (4,000)
Intangible assets
Total fixed assets 56,000 -
Other Assets
Deferred income tax
Other - Loan to Nagendra 39,784
Total Other Assets 39,784 -

Total Assets 142,837 -

[42]

Liabilities and Owner's Equity

Current Liabilities
Accounts payable -
Short-term loans
Income taxes payable 3,000
Accrued salaries and wages 12,000
Unearned revenue
Current portion of long-term debt
Total current liabilities 15,000 -
Long-Term Liabilities
Long-term debt 3,450
Deferred income tax
Other
Total long-term liabilities 3,450 -
Owner's Equity
Owner's investment 200,000
Retained earnings (75,613)
Other
Total owner's equity 124,387 -

Total Liabilities and Owner's Equity 142,837 -

{42}

Common Financial Ratios

Debt Ratio (Total Liabilities / Total Assets) 0.13
Current Ratio (Current Assets / Current Liabilities) 3.14
Working Capital (Current Assets - Current Liabilities) 32,053 -
Assets-to-Equity Ratio (Total Assets / Owner's Equity) 1.15
Debt-to-Equity Ratio (Total Liabilities / Owner's Equity) 0.15
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