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Income Statements
Fashion Forward Dream Designs
Fashion Forward
Balance Sheets
Dream Designs
31/12/2018
31/12/2017
Revenue
Current Assets
Credit Sales
2,000,000
4,320,000
Cash and Cash Equivalents
950,000
980,000
1,710,000
1,705,000
Non-Credit Sales
500,000
1,080,000
Accounts Receivable
200,000
150,000
250,000
275,000
Total Revenue
2,500,000
5,400,000
Inventory
112,000
105,000
215,000
Other Current Assets
35,000
50,000
120,500
100,000
Cost of Sales
1,400,000
3,250,000
Total Current Assets
1,297,000
1,285,000
2,280,500
2,295,000
Gross Profit
1,100,000
2,150,000
Property, Plant and Equipment
635,000
700,000
850,000
900,000
Goodwill
750,000
1,150,000
Operating Expenses
Other Long-Term Assets
65,000
70,000
100,750
Research and Development
Total Assets
2,747,000
2,805,000
4,381,250
4,450,000
Selling, General, and Administrative
1,600,000
Total Operating Expenses
800,000
1,800,000
Current Liabilities
Accounts Payable
545,000
535,000
845,750
875,000
Earnings Before Interest and Taxes
300,000
350,000
Short-Term Debt
25,000
60,000
Other Current Liabilities
600,000
510,000
730,000
740,000
Interest Expense
(18,000)
(50,000)
Total Current Liabilities
1,170,000
1,045,000
1,625,750
1,675,000
Income Before Tax
282,000
Long-Term Debt
75,000
130,000
IncomeTax Expense
(145,500)
(87,500)
Other Long-Term Liabilities
155,000
165,000
Net Income
136,500
212,500
Total Liabilities
1,345,000
1,120,000
1,901,250
1,970,000
Stockholders Equity
Common Stock
775,000
749,500
942,750
Preferred Stock
294,500
390,000
409,250
Retained Earnings
752,000
615,500
1,340,500
1,128,000
Total Stockholders Equity
1,402,000
1,685,000
2,480,000
Total Liabilities and Stockholders Equity
Question 1: Compute the following ratios for each company:
Question 1: Compute all required amounts and explain how the computations were performed
Question 2: Evaluate the results for each company and explain what each ratio means
Question 3: Compare and contrast the companies.
Question 4: Which company is best to invest?
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