Toy World, Inc .

Projected Forma Balance Sheet and Income Statement

Balance Sheet

1993

Cash
Accounts receivable
Inventory
Current Assets
Property Plant and Equipment
Total Assets

200
2,905
586
3,691
1,176
4,867

Accounts payable
Notes payable, bank
Accrued taxes
Long term debt, current portion
Current Liabilities
Long Term Debt.
Non current Liabilities
Total liabilities
Shareholders Equity
Total liabilities + shareholders equity

282
752
88
50
1,172
400
400
1,572
3,295
4,867

1991
5,213
3,597
1,616
1,199
68
20
369
125
244

1992
6,167
4,440
1,727
1,542
75
15
125
43
82

1993
7,967
5,577
2,390
1,912
85
16
409
139
270

January
February
March
April
May
June
July
August
September
October
November
December

64
88
96
88
87
96
96
1,251
1,474
1,723
1,965
940

120
140
160
140
140
140
160
1,620
1,840
2,140
2,285
1,115

Total

7,968

10,000

Income statement
Net Sales
Cost of Goods Sold
Gross profit
Operating Expenses
Interest expense
Interest income
Profit Before taxes
Federal Income Tax
Net profit
Monthly sales data

a Balance Sheet and Income Statement

Jan-94

Feb-94

Mar-94

Apr-94

May-94

Jun-94

Jul-94

Aug-94

Sep-94

878
1060
586
2,524
1176
3,700

1526
260
586
2,372
1176
3,548

1253
300
586
2,139
1176
3,315

1054
300
586
1,940
1176
3,116

915
280
586
1,781
1176
2,957

696
280
586
1,562
1176
2,738

527
300
586
1,413
1176
2,589

200
1780
586
2,566
1176
3,742

200
3460
586
4,246
1176
5,422

36
0
31
50
117
400
400
517
3,183
3,700

42
0
-23
50
69
400
400
469
3079
3,548

48
0
-162
50
-64
400
400
336
2979
3,315

42
0
-251
50
-159
400
400
241
2875
3,116

42
0
-305
50
-213
400
400
187
2770
2,957

42
0
-394
50
-302
375
375
73
2665
2,738

48
0
-448
50
-350
375
375
25
2564
2,589

486
433
-352
50
617
375
375
992
2750
3,742

552
1741
-271
50
2,072
375
375
2,447
2975
5,422

Jan-94
120
84
36
200
7
2
-169
-57
-112

Feb-94
140
98
42
200
4
4
-158
-54
-104

Mar-94
160
112
48
200
4
5
-151
-51
-100

Apr-94
140
98
42
200
4
4
-158
-54
-104

May-94
140
98
42
200
4
3
-159
-54
-105

Jun-94
140
98
42
200
4
3
-159
-54
-105

Jul-94
160
112
48
200
3
2
-153
-52
-101

Aug-94
1,620
1,134
486
200
5
1
282
96
186

Sep-94
1,840
1,288
552
200
12
1
341
116
225

Oct-94

Nov-94

Dec-94

Total

200
3980
586
4,766
1176
5,942

200
4425
586
5,211
1176
6,387

200
3400
586
4,186
1176
5,362

200
3400
586
4186
1176
5362

642
1745
-126
50
2,311
375
375
2,686
3256
5,942

686
1677
33
50
2,446
375
375
2,821
3566
6,387

334
942
40
50
1,366
350
350
1,716
3646
5,362

334
942
40
50
1366
350
350
1716
3646
5362

Oct-94
2,140
1,498
642
200
17
1
426
145
281

Nov-94
2,285
1,600
685
200
17
1
469
159
310

Dec-94
1,115
780
335
200
14
1
122
42
80

Total
10,000
7,000
3,000
2,400
95
28
533
182
351