$Mill. $Mill.

Sales $22,801 100.0%

Cost of Goods Sold -$19,667 86.3%
Gross Margin $3,133 13.7%

Marketing -$215 0.9%

Research and Development -$444 1.9%
General and Administrative -$928 4.1%
Income from Operations $1,546 6.8%

Interest Income $0 0.0%

Interest Expense -$500 2.2%
Plant Writeoff $0 0.0%
Inventory Writeoff $0 0.0%
Report Purchases $0 0.0%
Other Income $0 0.0%
Other Expense $0 0.0%
Adjustment $0 0.0%
Income from Operations $1,047 4.6%

Less Tax @ 35% -$366

Net Income $680 3.0%
Product MSRP - Discount = Price × Units = $Mill.
Fantasy $20,350 - $2,442 = $17,908 × 688 = $12,317
Fast $20,498 - $2,460 = $18,038 × 392 = $7,073
Fish $11,492 - $919 = $10,573 × 323 = $3,411
Total $22,801
 $Mill. $Mill.
Starting Inventory $1,683
Less Inventory Disposed $0

Cost of Goods Manufactured $19,667

Labor $5,406
Materials $12,010
Depreciation $761
Plant Maintenance $171
Over-capacity Charge $1,318

Available for Sale $21,350

Less Ending Inventory $1,683

Cost of Goods Sold $19,667

Assets $Mill. Liabilities $Mill.
Cash $809 Accounts Payable $2,438
Receivables $1,596 Short Term Debt $6,660
Inventory $1,683 Long Term Debt $0
Plant and Equip. $7,613 Total Liabilities $9,098

Accumulated Depreciation -$1,523 Stock ($1 par) $500

Retained Earnings $580
Total Equity $1,080

Total Assets $10,179 Total Liab. and Equity $10,179

 $Mill. $Mill.
Cash Flow from Operations
Net Income $680
Depreciation $761
Add Back Sale of Plant $0
Decrease (Increase) in Inventory -$10
Decrease (Increase) in Receivables -$21
Increase (Decrease) in Payables $30
Net Cash From Operations $1,441

Investment Activities
Capacity Decrease (Increase) $0
Plant Retooling -$512
Investment Maturing $0
Investment Purchased $0
Net Investment -$512

Financing Activities
Increase (Decrease) in Short-Term Debt $0
Bonds Issued $0
Bonds Called $0
Sale of Stock $0
Dividends Paid -$100
Net Financing -$100

Net Increase (Decrease) in Cash $829