Great Service Cleaning and Maintenance Service
Balance Sheets
Years Ended December 31, 2013 and 2014
ASSETS 2014 2013
CURRENT ASSETS
Cash 556,500 222,400 Cash increase - due to no dividen
Receivables 3,936,400 3,320,000
Inventory 89,800 100,200
Other assets 119,500 84,300
Total current assets 4,702,200 3,726,900 Current ratio 2013: 1.21
Current ratio 2014: 1.47
LONG TERM ASSETS
Note Receivable 380,600 280,700 Some additional debt acquired in
Equipment (net of depreciation) 975,000 1,017,800
Total long term assets 1,355,600 1,298,500
TOTAL ASSETS 6,057,800 5,025,400
LIABILITIES AND STOCKHOLDERS' EQUITY Debt ratio 2013:
Debt ratio 2014:
CURRENT LIABILITIES
Accounts payable 2,783,100 2,805,700
Note payable (current maturities) 177,550 172,550
Other accrued liabilities 165,300 114,600
Total current liabilities 3,125,950 3,092,850
LONG TERM LIABILITIES
Notes payable (long term) 354,800 354,800
Long term accrued liabilities 289,550 220,250 1.648219
Total long term liabilities 644,350 575,050
TOTAL LIABILITIES 3,770,300 3,667,900
STOCKHOLDERS' EQUITY
Common stock 200,000 300,000
Retained Earnings 2,087,500 1,057,500
Total stockholders' equity 2,287,500 1,357,500
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY 6,057,800 5,025,400
Balance Sheets
Years Ended December 31, 2013 and 2014
ASSETS 2014 2013
CURRENT ASSETS
Cash 556,500 222,400 Cash increase - due to no dividen
Receivables 3,936,400 3,320,000
Inventory 89,800 100,200
Other assets 119,500 84,300
Total current assets 4,702,200 3,726,900 Current ratio 2013: 1.21
Current ratio 2014: 1.47
LONG TERM ASSETS
Note Receivable 380,600 280,700 Some additional debt acquired in
Equipment (net of depreciation) 975,000 1,017,800
Total long term assets 1,355,600 1,298,500
TOTAL ASSETS 6,057,800 5,025,400
LIABILITIES AND STOCKHOLDERS' EQUITY Debt ratio 2013:
Debt ratio 2014:
CURRENT LIABILITIES
Accounts payable 2,783,100 2,805,700
Note payable (current maturities) 177,550 172,550
Other accrued liabilities 165,300 114,600
Total current liabilities 3,125,950 3,092,850
LONG TERM LIABILITIES
Notes payable (long term) 354,800 354,800
Long term accrued liabilities 289,550 220,250 1.648219
Total long term liabilities 644,350 575,050
TOTAL LIABILITIES 3,770,300 3,667,900
STOCKHOLDERS' EQUITY
Common stock 200,000 300,000
Retained Earnings 2,087,500 1,057,500
Total stockholders' equity 2,287,500 1,357,500
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY 6,057,800 5,025,400
