COOKIE & COFFEE CREATIONS INC.							EXAMPLE:
Income Statement							Name of Ratio	=	1,234	= 1.0
For the Year Ended October 31							Ratio		1,234
			2014	2013			Your Answers (2014):
Sales			$485,625	$462,500			Current	=	x/x	=
Cost of goods sold			222,694	208,125			Ratio
Gross profit			262,931	254,375
Operating expenses							Debt to	=	x/x	=
Salaries & wages expense			147,979	146,350			Total Assets
Depreciation expense			17,600	9,100
Other operating expenses			48,186	42,925			Gross Profit	=	x/x	=
Total operating expenses			213,765	198,375			Rate
Income from operations			49,166	56,000
Other expenses							Profit	=	x/x	=
Interest expense			413	0			Margin
Loss on sale of computer
equipment			2,500	0			Return on	= x/x		=
Total other expenses			2,913	0			Assets
Income before income tax			46,253	56,000
Income tax expense			9,251	14,000
Net income			$37,002	$42,000			Return on common	=	x/x	=
							Stockholder's Equity
COOKIE & COFFEE CREATIONS INC.							NOTE: Dividends on preferred stock were $18,000 in 2014
Balance Sheet
October 31, 2012
Assets			2014	2013
Cash			$ 22,324	$ 5,550
Accounts Receivable			3,250	2,710
Inventory			7,897	7,450
Prepaid Expenses			5,800	6,050
Equipment			102,000	75,500
Accumulated depreciation			(25,200)	(9,100)
Total assets			$ 116,071	$ 88,160
Liabilities and Stockholders' Equity
Accounts Payable			9,251	7,200
Income taxes payable			27,000	27,000
Salaries payable			7,250	1,280
Interest payable			188	0
Note payable - current portion			4,000	0
Note payable - long-term portion			6,000	0
Preferred stock, no par, $6 cumulative - 3,000 and 2,800 shares issued, respectively			15,000	14,000
Common stock, $1 par - 25,180 shares issued			25,180	25,180
Additional paid-in capital - treasury stock			250	250
Retained earnings			20,802	10,800
Total liabilities and stockholders' equity			$ 116,071	$ 88,160