Abba Track ools Ld

Comparative Income Saement

For the year ended December 31,2016 and 2015
CS% 2016 2016 CS% 2015 2015
Sales 100.00% 2,830,000 100.00% 2,450,000
Sales returns and allowance 1.06% 30,000 1.02% 25,000
Net sales 98.94% 2,800,000 98.98% 2,425,000
Cost of goods solds 44.17% 1,250,000 46.94% 1,150,000
Gross Profit 54.77% 1,550,000 52.04% 1,275,000
Selling expencess 21.38% 605,000 23.47% 575,000
Administrative expences 14.31% 405,000 15.51% 380,000
Total operaing expences 35.69% 1,010,000 38.98% 955,000
Income from operaions(EBIT) 19.08% 540,000 13.06% 320,000
Other income 1.41% 40,000 1.22% 30,000
20.49% 580,000 14.29% 350,000
Other expences(inerest) 2.79% 79,000 1.39% 34,000
Income before income tax(EBT) 17.70% 501,000 12.90% 316,000
Income tax expences 4.95% 140,000 3.88% 95,000
Net income 12.76% 361,000 9.02% 221,000
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Comparaive Reained earning statemen
For the year ended December 31,2016 and 2015
2016 2015
Reatained earnings, January 1 645,000 512,000
Add net income for year(2016) 361,000 221,000
Total 1,006,000 733,000
Deduct divident
on preferred stock 32,000 24,000
On common stock 64,000 64,000
Toal 96,000 88,000
Reatained earnings, January 31 910,000 645,000
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Balance sheet
For the year ended December 31,2016 and 2015
CS% 2016 2016 CS% 2015 2015
Assets
Current Assets
Cash 3.28% 108,000 4.05% 96,000
Marketable receivable(net) 9.71% 320,000 5.32% 126,000
Accounts receivable(net) 5.22% 172,000 6.67% 158,000
Inventories 9.86% 325,000 11.18% 265,000
Prepaid Expencess 0.61% 20,000 1.05% 25,000
Total current assets 28.68% 945,000 28.27% 670,000
Long term investment 7.59% 250,000 8.44% 200,000
Property,plant and equipment(net) 63.73% 2,100,000 63.29% 1,500,000
Total assets 100.00% 3,295,000 100.00% 2,370,000
Liabilities
Current liabilities 8.65% 285,000 9.49% 225,000
Long term liabilities
Mortgage note payable,8% due 2022 15.17% 500,000 0.00% 0
Bonds payable, 12%,due 2024 12.14% 400,000 16.88% 400,000
Total long term liabilities 27.31% 900,000 16.88% 400,000
Total liabilities 35.96% 1,185,000 26.37% 625,000
Stockholders Equity
Preffed $6 stock$100 per 12.14% 400,000 12.66% 300,000
Common stock, $10 per 24.28% 800,000 33.76% 800,000
Reatined earning 27.62% 910,000 27.22% 645,000
Total stackholders equity 64.04% 2,110,000 73.63% 1,745,000
Total liabilities and sakeholders equity 100.00% 3,295,000 100.00% 2,370,000
Short term invesment
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Cash flow statement
For the year ended December 31,2016 and 2015
Cash flow from operation
Net income 361,000
Changein account receivable -14,000
Change in invenories -60,000
Change in prepaid expencess 5,000
Change in current liabilities 60,000
Total cash flow from operation 352,000

Cash flow from investing

Change in market receivable -194,000
Chang in long term invesment -50,000
Change in property plant and equipment -600,000
Total cash flow from investing -844,000

Cash flow from financing

Change in Mortgage Loan 500,000
Change in Bonds 0
Change in preffered stock 100,000
Change in common stock 0
Cash divident paid o shareholders -96,000
Total cash flow from financing 504,000

Net changes in cash flow 12,000

Change in cash 12,000