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  • Dairy Queen Financial Statements

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    Hassan Ali
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    Dairy Queen's balance sheet as of December 31, 2018 shows total assets of $2,579,623 including current assets of $503,254 and fixed assets of $1,107,718. Total liabilities are $540,523 consisting of current liabilities of $322,251 and long term liabilities of $218,272. Owner's equity totals $2,039,100. The income statement for the year ended December 31, 2018 shows total sales of $2,541,206 with a gross profit of $1,677,197. Total operating expenses were $1,016,344 resulting in a net profit of $1,524,862. The quarterly cash flow

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    Dairy Queen's balance sheet as of December 31, 2018 shows total assets of $2,579,623 including current assets of $503,254 and fixed assets of $1,107,718. Total liabilities are $540,523 consisting of current liabilities of $322,251 and long term liabilities of $218,272. Owner's equity totals $2,039,100. The income statement for the year ended December 31, 2018 shows total sales of $2,541,206 with a gross profit of $1,677,197. Total operating expenses were $1,016,344 resulting in a net profit of $1,524,862. The quarterly cash flow

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    211 views2 pages

    Dairy Queen Financial Statements

    Uploaded by

    Hassan Ali
    Dairy Queen's balance sheet as of December 31, 2018 shows total assets of $2,579,623 including current assets of $503,254 and fixed assets of $1,107,718. Total liabilities are $540,523 consisting of current liabilities of $322,251 and long term liabilities of $218,272. Owner's equity totals $2,039,100. The income statement for the year ended December 31, 2018 shows total sales of $2,541,206 with a gross profit of $1,677,197. Total operating expenses were $1,016,344 resulting in a net profit of $1,524,862. The quarterly cash flow

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    Dairy Queen Balance Sheet

    As at 31st December 2018


    Assests: Liabilities:
    Current Assets: Current Liabilities:
    Cash 117,317 Accounts Payable 158,391
    Marketable Securities 230,769 Other Current Liabilities 163,860
    Accounts Receivable 80,623
    Inventories 74,545 Total Current Liabilities: 322,251
    Total Current Assets: 503,254
    Long Term Liabilities:
    Investments 952,837 Long Term Loans 218,272

    Fixed Assets: Property and Equipment Total Liabilities: 540,523


    Building 618,665
    Furnishings 300,000 Owners' Equity
    Equipment 206,053 Net Profit 1,396,443
    Less Accumulated Depreciation:
    Equipment 17,000 Capital 324,324
    Net property and Equipment 1,107,718 Retained Earnings 318,333
    Others Assets 15,814
    Total Assets: 2,579,623 Total Owners' Equity: 2,039,100

    Total Liabilities and Owners'


    Equity: 2,579,623

    Dairy Queen Income Statement


    Fordownloaded
    This study source was period byending 31st December
    100000828298238 2018 on 01-26-2022 10:46:33 GMT -06:00
    from CourseHero.com

    https://www.coursehero.com/file/38245230/Dairy-Queen-Financial-Statementsdocx/
    SALES REVENUE:
    Food 2,058,376
    Beverages 482,830

    Total Sales 2,541,206

    COST OF SALES:
    Food 767,443
    Beverages 96,566
    Total Cost of Sales: 864,009

    GROSS PROFIT:
    Food 1,290,933
    Beverage 386,264
    Total Gross Profit: 1,677,197

    OPERATING EXPENSES:
    Salaries and Wages 714,059
    Employee Benefits 100,813
    Direct Operating Expense 32,000
    Marketing 63,530
    Utilities 88,942
    Repairs and Maintenance 10,000
    Depreciation 7,000
    Total Operating Expense: 1,016,344

    Net Profit 1,524,862

    Dairy Queen Quarterly Cash Flow Statement

    Jan - Mar Apr - Jun Jul - Sep Oct -Dec Year


    Cash Inflow
    Cash Balance 9,000 52,658 46,659 9,000 117,317
    Cash Receipts 900,000 1,000,000 1,700,000 1,800,000 4,321,621
    Total Cash Inflow: 909,000 1,052,658 1,746,659 1,809,000 4,438,938

    Cash Outflow
    Direct Material for Production 216,002 216,002 216,002 216,003 864,009
    Salaries/Wages 165,514 188,514 183,016 177,015 714,059
    Overhead Expenses 34,736 50,000 48,000 36,736 169,472
    SG and A expenses 440,635 440,635 440,635 440,635 1,762,540
    Total Cash Outflow: 856,887 895,151 887,653 870,389 3,510,080

    This study source was downloaded by 100000828298238 from CourseHero.com on 01-26-2022 10:46:33 GMT -06:00

    https://www.coursehero.com/file/38245230/Dairy-Queen-Financial-Statementsdocx/
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