LONE PINE CAFÉ A

BALANCE SHEET
AS OF November 2, 2009
Assets
Cash 10,172.00 10,172.00
Food Inventory 2,800.00
Prepaid License 58,828.00 1,428.00
Equipment 54,600.00

Total Assets 69,000.00

Liabilites
Notes Payable 21,000.00

Owner's Equity
Mrs. Landers 16,000.00
Mrs. Antoine 16,000.00
Mr. Antoine 16,000.00 48,000.00
Total Liabilities & Owners Equity 69,000.00
 LONE PINE CAFÉ A
BALANCE SHEET
AS OF March 30, 2009
Assets
Cash 1,341.00 (1,030 + 311)
Accounts Receivable 870.00
Food Inventory 2,430.00
Prepaid License 1,428.00 833.00 1428/12x5 = 595
Equipment 54,600.00
Less: Accumulated Depreciation 2,445.00 52,155.00
57,629.00

Liabilites
Accounts Payable 1,583.00
Notes Payable 21,000.00 18,900.00 2100 repaid on loan
Total Liabilities 20,483.00

Owners Equity
Mrs. Landers 12,382.00
Mrs. Antoine 12,382.00
Mr. Antoine 12,382.00 37,146.00 (57,629-20483)
Total Liabilities & Owners Equity 57,629.00
 Expired or used local ops. Lic.

aid on loan
 Lone Pine Café
Income Statement
For the period ending March 30, 2010

Sales $ 43,480.00 $ 44,350.00

LESS OPERATING EXPENSES
Partners Wages** $ 23,150.00
Wages to part-time employees $ 5,480.00
Food and beverage expense $ 10,016.00 $ 11,969.00
Telephone and electricity $ 3,270.00
Interest Expense $ 540.00
Rent Expense $ 7,500.00
Miscellaneous Expense $ 255.00

Operating License Expense $ 595.00

Depreciation Expense (for the equipment) $ 2,445.00
$ 55,204.00 $ 55,204.00
Net Loss (10,854.00)
$ 870.00 AR from lone A balance sheet

Food and beverage expense

beginning $ 2,800.00
suppliers $ 1,583.00
total $ 4,383.00
less remaining from food inventory $ 2,430.00
remaining from balance sheet $ 1,953.00 add to the new data in income st.

used license expense for 5months

considered as net loss due to negative output, thus expenses is higher than sales.
 Alternative 1 Alternative 2
Earnings per Share 5,000,000.00
Return on Equity (ROE) 1.76
Return of Assets (ROA) 0.15
Financial Leverage 1.61
Debt/Equity Ratio

Sales 150,000,000.00
Cost of Goods sold 90,000,000.00
Other Expenses 45,000,000.00 135,000,000.00
Net Operating Income 15,000,000.00
Interst Expense 4,000,000.00 4,000,000.00
Net Income before taxes 11,000,000.00
Income Tax (40%) 4,400,000.00 4,400,000.00
Net Income before taxes 6,600,000.00

Total Stockholders Equity 45,000,000.00

Average Stockholders Equity 3,750,000.00
Total Debt 35,000,000.00 5,250,000.00
Alternative 3

5.2M every year for 15 years