Look Before You Leverage!
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Cash Account Receivables Inventories Current Assets Net Fixed Assets Total Assets
Table 1 Symonds Electronics Inc. Latest Balance Sheet 1,000,000 Accounts Payable Accruals 3,000,000 Current Liabilities 4,000,000 Paid in Capital 8,000,000 Retained Earnings 12,000,000 Total Liabilities & 20,000,000 Owner's Equity
3,000,000 2,000,000 5,000,000 5,000,000 10,000,000 20,000,000
Table 2 Symonds Electronics Inc. Latest Income statement Sales 15,000,000 Cost of good sold 10,500,000 Gross Profit 4,500,000 Selling and Adm. Exp 750,000 Depreciation 1,500,000 EBIT 2,250,000 Taxes (40%) 900,000 Net Income 1,350,000
Table 1 Symonds Electronics Inc. Latest Balance Sheet 1,000,000 Accounts Payable Accruals 3,000,000 Current Liabilities 4,000,000 Paid in Capital 8,000,000 Retained Earnings 12,000,000 Total Liabilities & 20,000,000 Owner's Equity
3,000,000 2,000,000 5,000,000 5,000,000 10,000,000 20,000,000
Table 2 Symonds Electronics Inc. Latest Income statement Sales 15,000,000 Cost of good sold 10,500,000 Gross Profit 4,500,000 Selling and Adm. Exp 750,000 Depreciation 1,500,000 EBIT 2,250,000 Taxes (40%) 900,000 Net Income 1,350,000
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