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K car Co.
Balance Sheet
December 31, 2013
		Assets			2013		2012
Current Assets
	Cash				13000		11000
	Accounts Recievable				26000		17000
	Inventory				33000		27000
	Investment Fund				10000		5000
					82000		60000
Plant Property and Equipment *
	Trucks				22000		25000
	Equipment				30000		30000
	Land				40000		40000
	Building				70000		70000
					162000		165000
Intangibles
	Patents				59000		23000
Total Assets					303000		248000
		Liabilities and Equity
Current Liabilities
	Salaries Payable				20000		18000
	Accounts Payable				19000		22000
	Current Portion of Mortgage Payable				3000		3000
					42000		43000
Long Term Liabilities
	Mortgage payable				20000		60000
Total Liabilities					62000		103000
Equity
Common Shares					90000		80000
Retained Earnings					151000		65000
Total Equity					241000		145000
Total Liabilities and Equity					303000		248000
* Plant Property and Equipment are reported net of amortization

Complete the following ratios for the 2013 fiscal year,
write the ratio calculation beside the ratio
Current Ratio
Quick Ratio
Cash Ratio
Cash Conversion Cycle
Gross Profit Margin
Return on Assets
Return on Equity
Debt to Equity Ratio
Earnings per Share

K car Co. Income Statement For the Year End December 31, 2013 \begin{tabular}{rr} 2013 & 2012 \\ \hline \end{tabular} Net Revenues Cost of Goods Sold Gross Profit Operating Expenses Net Income \begin{tabular}{rr} 500000 & 495000 \\ 234000 & 240000 \\ \hline 266000 & 255000 \\ 180000 & 175000 \\ \hline 86000 & 80000 \\ \hline \hline \end{tabular} K car Co. Statement of Shareholders Equity For the Year End December 31, 2013 Retained Balance January 1, 2012 Stock Issuance Net Income Balance December 31,2013 \begin{tabular}{crr} Capital & Earnings & \multicolumn{1}{l}{ Total } \\ \hline 80000 & 65000 & 145000 \\ 10000 & & 10000 \\ & 86000 & 86000 \\ \hline 90000 & 151000 & 241000 \\ \hline \hline \end{tabular} Note: The number of shares outstanding in 2012 was: 20000 The number of shares outstanding in 2013 is: No dividends were issued in either year. K car Co. Income Statement For the Year End December 31, 2013 \begin{tabular}{rr} 2013 & 2012 \\ \hline \end{tabular} Net Revenues Cost of Goods Sold Gross Profit Operating Expenses Net Income \begin{tabular}{rr} 500000 & 495000 \\ 234000 & 240000 \\ \hline 266000 & 255000 \\ 180000 & 175000 \\ \hline 86000 & 80000 \\ \hline \hline \end{tabular} K car Co. Statement of Shareholders Equity For the Year End December 31, 2013 Retained Balance January 1, 2012 Stock Issuance Net Income Balance December 31,2013 \begin{tabular}{crr} Capital & Earnings & \multicolumn{1}{l}{ Total } \\ \hline 80000 & 65000 & 145000 \\ 10000 & & 10000 \\ & 86000 & 86000 \\ \hline 90000 & 151000 & 241000 \\ \hline \hline \end{tabular} Note: The number of shares outstanding in 2012 was: 20000 The number of shares outstanding in 2013 is: No dividends were issued in either year

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