NuCo Inc.NuCo Inc.Financial StatementFinancial Statement

• Income StatementIncome Statement

• Balance SheetBalance Sheet

• Ratios Ratios

Income StatementIncome Statement

• Operating ExpensesOperating Expenses– Salary Expense ($7,500)– Advertising Expense ($200)

• RevenueRevenue– Sales of Goods $9,500– Service Revenue $42,600– Total Revenue $52,100– Cost of Goods Sold ($6,000)– Gross Margin $46,100

Income StatementIncome Statement

– Phone Expense ($800)– Insurance Expense ($500)– Total Operating Expense ($9,000)

• Net Income before Interest and Taxes $37,000Net Income before Interest and Taxes $37,000– Interest Expense ($500)

• Net Income before Taxes $36,600Net Income before Taxes $36,600– Income Tax Expense ($14,640)

• Net Operating Income $27,960Net Operating Income $27,960

Balance SheetBalance Sheet

• AssetsAssets– Current Assets

• Cash $52,360• Accounts Receivable $7,000• Inventory $1,000• Prepaid Expenses $1,000• Total Current Assets $61,360

Balance SheetBalance Sheet

– Long Term Assets• Land $40,000• Building $60,000• Total Long Term Assets $100,000

• Liabilities and Stockholders EquityLiabilities and Stockholders Equity• LiabilitiesLiabilities

– Current Liabilities• Unearned Revenues $400• Total current Liabilities $400

Balance SheetBalance Sheet

– Non-Current Liabilities• Mortgage Payable $45,000• Total Non-Current Liabilities $45,000

– Total Liabilities $45,500• Stockholders, EquityStockholders, Equity

– Common Stock $100,000– Retained Earnings $15,960– Total Stockholders’ Equity $115,960

• Total Liability and Stockholders’ Equity $161,360Total Liability and Stockholders’ Equity $161,360

RatiosRatios

• LiquidityLiquidity– Current Ratio 153.40– Quick Ratio 148.40

• Long Term Solvency RatiosLong Term Solvency Ratios– Debt Ratio 28%– Equity Ratio 72%– Long-Term Debt (LTD) Ratio 28%– Times Interest Earned 74.20

RatiosRatios

• Asset Management RatiosAsset Management Ratios– Asset Turnover 0.32 times– Accounts Receivable Turnover 7.44 times– Days, Sales in Receivable 40.04 Days

• Asset Management Ratios Cont.Asset Management Ratios Cont.– Inventory Turnover 6.00 times– Days’ Sales in Inventory 60.83 days

RatiosRatios

• Asset Management Ratios Cont.Asset Management Ratios Cont.– Inventory Turnover 6.00 times– Days’ Sales in Inventory 60.83 days

• Profitability RatiosProfitability Ratios– Gross Profit Ratio 88%– Profit Margin 42%– Return on Assets (ROA) 14%– Return on Equity (ROE) 19%

• Stock Return RatiosStock Return Ratios– Dividend Payout 27