Genmo Corporation

Genmo Corporation
Balance Sheet As of December 31, 1992 As of December 31, 1993 ASSETS
Current Assets Cash 18 Account Receivable 214 273 Marketable Sec 494 Prepaid expenses 728 1533 Inventories 972 872 Total Current Assets 2426 2678
Investments 898 898
Real estate, plant and equipment 4727 4727 Less: Accumulated Dep 2433 2294 2711 2016
Special Tools 171 171
Goodwill 594 251
Total Assets 6383 6014 LIABILITIES & SHAREHOLDER'S EQUITY
Current Liabilities Account Payable 732 Loans Payable 266 Accrued Liabilities 1232 Total Current Liabilities 2230 2285
Long term Debt 250 250
Other Non-Current Liabilities 951 951
Total Liabilities 3431 3486
Shareholders' Equity Preferred stock 25 25 Common Stock 54 54 Additional Paid in capital 667 667 Retained Earnings 2206 2497
Total Shareholders' Equity 2952 3243
Total Liabilities & Shareholders' Equity 6383 6729 Total Revenues 9779 10281
Cost of Sales 8165 8727
Gross Revenue 1614 1554
Depreciation 278 278
Amortization of Goodwill 343 343
Selling, general & administrative expenses 430 485
Provision for income taxes 163 157
Net Revenue 400 291 1992 1993
Acid Test Ratio Cash, Marketable Sec, Prepaid Exp 1240 1533 Total Current Liabilities 2230 0.556 0.556053812 2285 0.671 0.670897155 Current ratio Total Current Assets 2426 2678 Total Current Liabilities 2230 1.088 1.087892377 2285 1.172 1.171991247 Inventory Turnover Cost of Sales 8165 8727 Ave. Inventory 972 8.4 8.400205761 872.26 10.005