Star Company 

 Comparative Income Statement

 December 31, 2016,2017 and 2018

2018 2017 2016

Sales 100 100 100

Sales Return and Allowances 20 11.90 6

Net Sales 80 88.09 94

Cost of Goods Sold 50 55.06 50

Gross Profit 30 30.04 44

Operating Expenses

Selling Expenses 11 11.90 16

General Expenses 4 5.71 8

Total Operating Expenses 15 17.62 24

Income from Operation 15 15.42 20

Non-Operating Income 3 1.19 3.5

Income before Interest and Taxes 18 16.61 23.5

Interest Expense 2 1.67 3

Income before Taxes 16 14.94 20.5

Income Taxes 5.6 5.23 7.18

Net Income 10.4 9.71 13.33

    Star Company
   Comparative Balance Sheet
   December 31,2016, 2017 and 2018

2018 2017 2016

ASSETS

CURRENT ASSETS

Cash 14.61 18.42 20

Accounts Receivable 8.99 9.21 5.33

Marketable Securities 8.99 9.21 2.67

Inventory 22.47 21.05 26.67

Total Current Asset 55.06 57.89 54.67

Plant Asset 44.94 42.11 45.33

TOTAL ASSETS 100 100 100

LIABILITIES

Current Liabilities 24.90 27.63 27.73

Long-Term Liabilities 35.96 38.16 37.33

TOTAL LIABILITIES 60.85 65.79 65.07

STOCKHOLDERS’ EQUITY

Common Stock 22.47 26.32 26.67

Retained Earnings 16.67 7.89 8.27

TOTAL SHAREHOLDERS’ EQUITY 16.67 7.89 8.27

TOTAL LIABILITIES & SHAREHOLDERS EQUITY

100 100 100