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Home / Questions / PLEASE SHOW ME HOW TO CALCULATE THEM. Condensed balance sheet and income statement data f...

PLEASE SHOW ME HOW TO CALCULATE THEM. Condensed balance sheet and income statement data for GlassgowCorporation are presented here. GLASSGOW CORPORATION Balance Sheets December 31 2012 2011 2010

PLEASE SHOW ME HOW TO CALCULATE THEM.

Condensed balance sheet and income statement data for GlassgowCorporation are presented here.

GLASSGOW CORPORATION
Balance Sheets
December 31

   

2012

 

2011

 

2010

Cash  

$ 31,723

 

$ 21,723

 

$ 19,723

Receivables (net)  

51,723

 

46,723

 

49,723

Other current assets  

92,318

 

97,318

 

66,318

Investments  

57,318

 

72,318

 

47,318

Plant and equipment (net)  

500,000

 

370,000

 

358,000

   

$733,082

 

$608,082

 

$541,082

Current liabilities  

$ 86,723

 

$ 81,723

 

$ 71,723

Long-term debt  

147,318

 

87,318

 

52,318

Common stock, $10 par  

322,318

 

312,318

 

302,318

Retained earnings  

176,723

 

126,723

 

114,723

   

$733,082

 

$608,082

 

$541,082

GLASSGOW CORPORATION
Income Statements
For the Years Ended December 31

   

2012

 

2011

Sales  

$742,318

 

$602,318

Less: Sales returns and allowances  

41,723

 

31,723

Net sales  

700,595

 

570,595

Cost of goods sold  

427,318

 

352,318

Gross profit  

273,277

 

218,277

Operating expenses (including income taxes)  

181,723

 

151,723

Net income  

$ 91,554

 

$ 66,554


Additional information:
1.   The market price of Glassgow

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