MENDOZA COMPANY

Balance Sheet
December 31, 2023 and 2022
(In Millions) MENDOZA COMPANY
Income Statement
Year 2023 Year 2022 For the years ended December 31, 2023 and 2022
ASSETS
Current Assets 2023 2022

Cash 5,500 3,800 Net Sales 76,200 27,602

Accounts Receivable (net of uncollectibles) 12,000 10,480 Cost of Goods Sold 58,935 18,682

Inventories 11,450 8,755 Gross Margin 17,265 8,921

Prepaid Expenses 850 585 Operating Expenses 5,635 4,346

Total current Assets 29,800 23,620 Operating Income 11,630 4,574

Plant Assets, net of accumulated Depreciation 25,000 24,500 Interest Expense 2,150 703

TOTAL ASSETS 54,800 48,120 Income Before Income Tax 9,480 3,871

Provision for Income Tax 2,844 1,161

LIABILITIES AND STOCHOLDERS EQUITY Net Income After Tax 6,636 2,710
Current Liabilities

Accounts Payable 10,400 4,850

4,50
Notes payable 0 980 Compute For the following:

Other current Liabilities 1,200 1,155

Current Ratio
Total Current Liabilities 16,100 6,985 1

Long Term Liabilities 15,000 11,250 2 Accts Receivable T.O.

TOTAL LIABILITIES 31,100 18,235 3 Inventory T.O.

Stockholders Equity 4 Debt to Equity Ratio

Paid In Capital Stock 6,000 4,000 5 Debts to Assets Ratio

Retained Earnings 25,725 22,440 6 GP Margin

Total Stockholders' Equity 31,725 26,400 7 Return on Equity

TOTAL LIABILITIES AND STOCKHOLDERS EQUITY 62,825 44,635 8 Return on Assets