Trial Balance

Cookie & Coffee Creations Inc.

Trial Balance
For the Month Ended October 31, 2012
Debit

Cash
32219
Accounts Receivable
3250
Merchandise Inventory
17897
Prepaid Expenses
6300
Furniture and Fixtures
12500
Accumulated Depreciation-- Furn & Fixtures
Computer Equipment
4200
Accumulated Depreciation-- Computer Equip
Kitchen Equipment
83000
Accumulated Depreciation-- Kitchen Equip
Accounts Payable
Income Tax Payable
Dividends Payable
Salaries Payable
Interest Payable
Note Payable
Preferred Stock, 2,800 shares issued
Common Stock, 25,930 shares issued
Dividends
1400
Treasury Stock
500
Sales
Cost of Goods Sold
231250
Salaries and Wages Expense
92500
Depreciation Expense
9850
Other Operating Expenses
35987
Income Tax Expense
18500
Totals
549766

Page 1

Credit

1250
600
8000
5848
18500
700
2250
188
10000
14000
25930

462500

549766

Income Statement
Cookie & Coffee Creations Inc.
Income Statement
For the Year Ended October 31, 2012
Sales Revenues
Sales
Net Sales
Cost of Goods Sold
Gross Profit
Operating Expenses
Salaries and Wage Expense
Depreciation Expense
Other Operating Expenses
Other Expenses and Losses
Interest Expense

462500
462500
231250
231250
92500
9850
35987
413
370000
92500
18500

Income before Income Taxes

Income Tax Expense
Net Income

74000

Page 2

Balance Sheet
Cookie & Coffee Creations Inc
Balance Sheet
For the Month Ended October 31, 2012
Assets

Current Asse
Cash
Accounts Receivable
Merchandise Inventory
Prepaid Expenses
Total Current Assets

32219
3250
17897
6300
59666

Property, Plant, and Equipment

Furniture and Fixtures
12500
Less: Accumulated Deprecia
1250
Computer Equipment
4200
Less: Accumulated Deprecia
600
Kitchen Equipment
83000
Less: Accumulated Deprecia
8000
Total Property Plant and Equipment
Total Assets

11250
3600
75000

89850
149516

Liabilities and Stockholders Equity

Current Liabilities
Accounts Payable
Income Tax Payable
Dividends Payable
Salaries Payable
Interest Payable
Total Current Liabilities
Long Term Liabilities
Note Payable
Total Long Term Liabilities
Total Liabilities
Stockholders' Equity
Paid In Capital
Preferred Stock
Common Stock
Total Paid in Capital
Retained Earnings
Less: Treasury Stock
Total Stockholders' Equity
Total Liabilities and Stockholders' Equit

Page 3

5848
18500
700
2250
188
27486
10000
10000
37486

14000
25930
39930
72600
500
112030
149516

Statement of Cash Flows

Cookie & Coffee Creations Inc.
Statement of Cash Flows
For the Year Ended October 31, 2012
Cash Flow from Operating Activities
Net Income
Depreciation Expense
Accounts Receivable
Merchandise Inventory
Prepaid Expenses
Accounts Payable
Income Tax Payable
Salaries Payable
Interest Payable
Net Cash Provided by Operating Activities
Cash Flow From Investing Activities
Purchase of Equipment
Kitchen Equipment
Computer Equipment
Furniture and Fixtures
Net Cash Used by Investing Activities
Cash Flow From Financing Activities
Note Payable
Preferred Stock
Common Stock
Treasury Stock
Dividends Payable
Net Cash Used by Financing Activities
Net Increase in Cash
Cash at Beginning of Period
Cash at End of Period
Significant Non-Cash Transactions
Issuance of Notes Payable to Purchase Kitchen Equipment

Page 4

74,000
9,850
(3,250)
(17,897)
(6,300)
5,848
18,500
2,250
188

9,189
83,189

(71,000)
(4,200)
(12,500)
(87,700)
(2,000)
14,000
25,930
(500)
(700)
36,730
32,219
0
32,219

12,000

Ratios

Current Ratio= Current Assets/Current Liabilties

59666
27486
2.17
Receivables Turnover= Net Credit Sales/ Average Net Receivables
462600
3250
142.34
Inventory Turnover= CoGS/ Average Inventory
231250
17897
12.92 Times
Debt to Total Assets= Total Debt/ Total Assets
37486
149516
0.25
Times Interest Earned= Income before income taxes and interest expense/interest expense
92500
413
224.97
Gross Profit Margin= Gross Profit/ Total Revenue
231250
462500
0.50
Profit Margin= Net income/Net sales
74000
462500
0.16
Asset Turnover= Net Sales/ Average Assets
462500
149516
3.09
Return on Assets= Net Income/ Average Assets
74000
149516
0.49
Return on Common Stockholders' Equity= Net Income-Preferred Dividends/ Average Common Stockh
74000
1250
112030
0.65

Page 5

Ratios

ense/interest expense

ends/ Average Common Stockholders' Equity

Page 6