YEAR TIME QUARTER SALES

2016 1 Invierno $ 6,700,000.00

2 Primavera $ 4,600,000.00
3 Verano $ 10,000,000.00
4 Otoño $ 12,700,000.00
2017 5 Invierno $ 6,500,000.00
6 Primavera $ 4,600,000.00
7 Verano $ 9,800,000.00
8 Otoño $ 13,600,000.00
2018 9 Invierno $ 6,900,000.00
10 Primavera $ 5,000,000.00
11 Verano $ 10,400,000.00
12 Otoño $ 14,100,000.00
2019 13 Invierno $ 7,000,000.00
14 Primavera $ 5,500,000.00
15 Verano $ 10,800,000.00
16 Otoño $ 15,000,000.00
2020 17 Invierno $ 7,100,000.00
18 Primavera $ 5,700,000.00
19 Verano $ 11,100,000.00
20 Otoño $ 14,500,000.00
2021 21 Invierno $ 8,000,000.00
22 Primavera $ 6,200,000.00
23 Verano $ 11,400,000.00
24 Otoño $ 15,000,000.00
2022 25 Invierno
26 Primavera
27 Verano
28 Otoño
 Acme Corporation Income Statement
Net Sales
Cost of Goods Sold
Gross Profit
Selling & Administrative Expenses
Operating lncome (EBIT)
lnterest Expense
Depreciation Expense
lncome befare Taxes
lncome Taxes
Net lncome
Earnings per Share (4,000,000 shares)
Dividends Paid
Change in Retained Earnings

Liabilities and Equity:

me Statement Acme Corporation Balance Sheet
$15,000,000 Assets:
$5,000,000 Cash $10,000,000
$10,000,000 Marketable Securities $8,000,000
$800,000 Accounts Receivable $1,000,000
$9,200,000 lnventory $10,000,000
$1,710,000 Prepaid Expenses $1,000,000
$ 2,000,000 Total Current Assets $30,000,000
$5,490,000 Fixed Assets, Gross $28,000,000
$2,306,000 Less Accumulated Depreciation -$8,000,000
$3,184,000 Fixed Assets, Net $20,000,000
$0.80 Total Assets $50,000,000
$ 400,000
$2,784,000 Accounts Payable $ 4,000,000
Accrued Expenses $ 2,000,000
Notes Payable $ 3,000,000
Total Current Liabilities $ 9,000,000
Long-Term Debt $ 15,000,000
Total Liabilities $ 24,000,000
Common Stock ($1 par) $ 4,000,000
Capital in Excess of Par $ 12,000,000
Retained Earnings $ 10,000,000
Total Common Equity $ 26,000,000
Total Liabilities and Equity $ 50,000,000
Acme Corporation Balance Sheet
Assets: Dec. 31,2021 Dec. 31,2022 Sign
Cash $ 9,000,000.00 $ 10,000,000.00 +
Marketable Securities $ 9,000,000.00 $ 8,000,000.00 -
Accounts Receivable $ 700,000.00 $ 1,000,000.00 +
Inventory $ 17,300,000.00 $ 10,000,000.00 -
Prepaid Expenses $ 1,000,000.00 $ 1,000,000.00 =
Total Current Assets $ 37,000,000.00 $ 30,000,000.00 -
Fixed Assets, Gross $ 14,000,000.00 $ 28,000,000.00 +
Less Accumulated Depreciation -$ 6,000,000.00 -$ 8,000,000.00 +
Fixed Assets, Net $ 8,000,000.00 $ 20,000,000.00 +
Total Assets $ 45,000,000.00 $ 50,000,000.00

Liabilities and Equity:

Accounts Payable $ 7,000,000.00 $ 4,000,000.00 -
Notes Payable $ 4,000,000.00 $ 3,000,000.00 -
Accrued Expenses $ 3,000,000.00 $ 2,000,000.00 -
Total Current Liabilities $ 14,000,000.00 $ 9,000,000.00
Long-Term Debt $ 10,784,000.00 $ 15,000,000.00 +
Total Liabilities $ 24,784,000.00 $ 24,000,000.00
Common Stock ($1 par) $ 1,000,000.00 $ 4,000,000.00 +
Capital in Excess of Par $ 12,000,000.00 $ 12,000,000.00 =
Retained Earnings $ 7,216,000.00 $ 10,000,000.00 +
Total Common Equity $ 20,216,000.00 $ 26,000,000.00
Total Liabilities and Equity $ 45,000,000.00 $ 50,000,000.00
Change Change
$ 1,000,000
-$ 1,000,000 -$ 1,000,000
$ 300,000
-$ 7,300,000
$0

$ 14,000,000
-$ 2,000,000
$ 12,000,000

-$ 3,000,000 -$ 3,000,000
-$ 1,000,000
-$ 1,000,000 -$ 1,000,000

$ 4,216,000

$ 3,000,000
$0
$ 2,784,000
Acme Corporation Cash Flow Statement
Cash Received from (used in) Operations:
Net Income $ 3,184,000
Depreciation Expense $ 2,000,000
Decrease (increase) Accounts Receivable -$ 300,000
Decrease (increase) Inventory $ 7,300,000
Decrease (increase) Marketable Securities $ 1,000,000
Decrease (increase) Prepaid Expenses $0
Increase (decrease) Accounts Payable -$ 3,000,000
Increase (decrease) Accrued Expenses -$ 1,000,000
Total Cash from Operations $ 9,184,000

Cash Received from (used for) Investments:

New Fixed Asset Purchases -$ 14,000,000
Total Cash from Investments -$ 14,000,000

Cash Received from (used for) Financing Activities:

Proceeeds from New Long-Term Debt Issue $ 4,216,000
Proceeds from New Common Stock Issue $ 3,000,000
Short-Term Notes Paid Off -$ 1,000,000
Dividends -$ 400,000
Total Cash from Financing $ 5,816,000

Net Change in Cash Balance $ 1,000,000

Beginning Cash Balance $ 9,000,000
Ending Cash Balance $ 10,000,000