Balance Sheet and Income Statement Free Essays

Balance Sheet and Income Statement Jennifer Grayson BSA/500 June 4, 2011 Brian Keltch Balance Sheet and Income Statement The following four companies are related to the companies that have been in review over the last four weeks. These four following companies show how well the company has been doing over the last two years or not so well. The company has pulled their balance sheets and income statement to see if all the company’s financial needs are being met. We will write a custom essay sample on Balance Sheet and Income Statement or any similar topic only for you Order Now If the company’s needs are not being met, the company will show where the company needs to cut back and where the company needs to improve. National Plastic Co Nation Plastic Co is a Korea-based company that engages in synthetic resin products. The company’s products include industrial containers, beverage, leisure furniture, and pallets. National Plastic Co also produces moldings and plastic sheets. Nation Plastic Co is in Dawon-gu, Ansan-si, and Gyeonggi, Korea. Nation Plastic is related to Riordan Manufacturing both companies are invested into plastic. Nation Plastic Co Balance Sheet: Period End Date| 12/31/2011| 12/31/2010| Assets | + Cash ; Near Cash Items| 17,698. 41| 12,833. 48| + Short-Term Investments| 442. 18| 6,750. 00| + Accounts ; Notes Receivable| 64,667. 76| 51,408. 4| + Inventories| 22,697. 71| 41,142. 94| + Other Current Assets| 4,211. 31| 11,660. 34| Total Current Assets| 109,717. 37| 123,795. 11| + LT Investments ; LT Receivables| 21,758. 89| 12,729. 31| + Net Fixed Assets| 74,848. 00| 237,660. 76| + Other Long-Term Assets| 32,601. 65| 19,198. 67| Total Long-Term Assets| 129,208. 54| 269,588. 74| Total Assets| 238, 925. 91| 393,383. 84| Liabilities ; Shareholders’ Equity | + Accounts Payable| 19,425. 17| 7,877. 42| + Short-Term Borrowings| 46,832. 84| 88,825. 17| + Other Short-Term Liabilities| 15,740. 95| 57,229. 20| Total Current Liabilities| 81,998. 96| 153,931. 78| Long-Term Borrowings| 31,767. 67| 59,615. 65| + Other Long-Term Liabilities| 5,428. 13| 12,966. 52| Total Long-Term Liabilities| 37,195. 80| 72,582. 17| Total Liabilities| 119,194. 76| 226,513. 95| + Total Preferred Equity| 2,640. 00| 2,640. 00| + Minority Interest| 146. 43| 62,910. 86| + Share Capital APIC| 35,594. 28| 35,594. 28| + Retained Earnings Other Equity| 81,350. 45| 65,724. 75| Total Equity| 119,731. 15| 166,869. 89| Total Liabilities Equity| 238,925. 91| 393,383. 84| Nation Plastic Co Income Statement: Period End Date| 12/31/2011| 12/31/2010| Revenue| 271,003. 56| 333,663. 31| – Cost of Revenue| 228,175. 7| 259,936. 75| Gross Profit| 42,828. 20| 73,726. 56| – Operating Expenses| 25,279. 31| 30 ,637. 91| Operating Income| 17,548. 88| 43,088. 65| – Interest Expense| 3,470. 65| 14,605. 16| – Foreign Exchange Losses (Gains)| -26. 54| -63. 08| – Net Non-Operating Losses (Gains)| -3,632. 42| -10,312. 90| Pretax Income| 17,737. 19| 38,859. 48| – Income Tax Expense| 4,315. 39| 13,138. 66| Income Before XO Items| 13,421. 80| 25,720. 82| – Extraordinary Loss Net of Tax| 0. 00| 0. 00| – Minority Interests| -14. 59| 10,245. 75| Net Income| 13,436. 39| 15,475. 07| – Total Cash Preferred Dividends| 292. 60| 271. 70| – Other Adjustments| 543. 40| -20. 0| Net Inc. Avail to Common Shareholders| 12,600. 39| 15,224. 27| Abnormal Losses (Gains)| 256. 09| -161. 89| Tax Effect on Abnormal Items| 62. 31| -54. 74| Normalized Income| 12,918. 79| 15,007. 64| Basic EPS Before Abnormal Items| 367. 67| 412. 08| Basic EPS Before XO Items| 359. 00| 415. 00| Basic EPS| 359. 00| 415. 00| Basic Weighted Avg. Shares| 36. 72| 36. 72| Diluted EPS Before Abnormal Items| 367. 67| 412. 08| Diluted EPS Before XO Items| 359. 00| 415. 00| Diluted EPS| 359. 00| 415. 00| Diluted Weighted Avg. Shares| 36. 72| 36. 72| AMERCO Inc. AMERCO Inc. Company is the company that works with U-Haul International, Inc. The Company, through its subsidiaries, offers trailers, rental of trucks, self-storage space, property, casualty insurance, and life insurance products. The company is located in Reno, NV. The company is related to Huffman Trucking both companies are in the trucking company. AMERCO Inc. Income Statement: Period End Date| 12/31/2011| 9/30/2011| | | Revenue| 633. 09| 703. 18| | | – Cost of Revenue| 556. 69| 452. 02| | | Gross Profit| 76. 40| 251. 16| | | – Operating Expenses| 51. 53| 66. 72| | | Operating Income| 24. 87| 184. 43| | | – Interest Expense| 22. 74| 22. 96| | | – Foreign Exchange Losses (Gains)| 0. 00| 0. 00| | | Net Non-Operating Losses (Gains)| 0. 00| 0. 00| | | Pretax Income| 2. 13| 161. 47| | | – Income Tax Expense| 1. 40| 60. 46| | | Income Before XO Items| 0. 73| 101. 01| | | – Extraordinary Loss Net of Tax| 0. 00| 0. 00| | | – Minority Interests| 0. 00| 0. 00| | | Net Income| 0. 73| 101. 01| | | – Total Cash Pre ferred Dividends| 0. 00| 0. 16| | | – Other Adjustments| 0. 00| 0. 00| | | Net Inc. Avail to Common Shareholders| 0. 73| 100. 85| | | Abnormal Losses (Gains)| 30. 66| -7. 92| | | Tax Effect on Abnormal Items| 0. 25| 2. 77| | | Normalized Income| 31. 64| 95. 70| | | Basic EPS Before Abnormal Items| 1. 63| 4. 94| | | Basic EPS Before XO Items| 0. 04| 5. 20| | | Basic EPS| 0. 04| 5. 20| | | Basic Weighted Avg. Shares| 19. 48| 19. 47| | | Diluted EPS Before Abnormal Items| 1. 63| 4. 94| | | Diluted EPS Before XO Items| 0. 04| 5. 20| | | Diluted EPS| 0. 04| 5. 20| | | Diluted Weighted Avg. Shares| 19. 48| 19. 47| | | AMERCO Inc. Balance Sheet: Period End Date| 12/31/2011| 9/30/2011| | | Assets | + Cash Near Cash Items| 438. 28| 448. 16| | | + Short-Term Investments| N/A| 0. 00| | | + Accounts Notes Receivable| 351. 83| 227. 75| | | + Inventories| 56. 77| 57. 76| | | + Other Current Assets| 539. 10| 508. 04| | | Total Current Assets| 1,385. 7| 1,241. 71| | | + LT Investments LT Receivables| 967. 00| 922. 09| | | + Net Fixed Assets| 2,281. 03| 2,239. 34| | | + Other Long-Term Assets| 0. 00| N/A| | | Total Long-Term Assets| 3,248. 03| 3,161. 43| | | Total Assets| 4,634. 00| 4,403. 14| | | Liabilities Shareholders’ Equity | + Accounts Payable| 344. 21| 330. 67| | | + Short-Term Borrowings| 0. 00| 0. 00| | | + Other Short-Term Liabilities| 0. 00| 0. 00| | | Total Current Liabilities| 344. 21| 330. 67| | | + Long-Term Borrowings| 1,507. 98| 1,478. 58| | | + Other Long-Term Liabilities| 1,780. 64| 1,587. 54| | | Total Long-Term Liabilities| 3,288. 2| 3,066. 12| | | Total Liabilities| 3,632. 82| 3,396. 80| | | + Total Preferred Equity| 0. 00| 0. 00| | | + Minority Interest| 0. 00| 0. 00| | | + Share Capital ; APIC| 443. 34| 442. 62| | | + Retained Earnings ; Other Equity| 557. 84| 563. 72| | | Total Equity| 1,001. 18| 1,006. 34| | | Total Liabilities ; Equity| 4,634. 00| 4,403. 14| | | Kout Food Group Kout Food Group provides hospitality services, including establishment and management of restaurants and catering services, representation of foreign companies specialized in the food and beverage industry, import and export of foodstuff. Kout Food Group is Kuwait. Kout Food Group is related to Kudler Fine Foods both companies are in the food company. Kout Food Group Balance Sheet: | | | Period End Date| 12/31/2011| 12/31/2010| Assets | + Cash ; Near Cash Items| 6. 48| 2. 79| + Short-Term Investments| 0. 01| 0. 35| + Accounts ; Notes Receivable| 0. 77| 0. 63| + Inventories| 3. 91| 3. 79| + Other Current Assets| 3. 83| 3. 33| Total Current Assets| 15. 01| 10. 89| + LT Investments ; LT Receivables| 0. 82| 1. 54| + Net Fixed Assets| 17. 98| 21. 98| + Other Long-Term Assets| 7. 20| 6. 93| Total Long-Term Assets| 26. 00| 30. 45| Total Assets| 41. 1| 41. 34| Liabilities ; Shareholders’ Equity | + Accounts Payable| 3. 94| 4. 76| + Short-Term Borrowings| 0. 25| 2. 15| + Other Short-Term Liabilities| 6. 08| 6. 13| Total Current Liabilities| 10. 27| 13. 03| + Long-Term Borrowings| 0. 00| 0. 38| + Other Long-Term Liabilities| 2. 23| 1. 70| Total Long-Term Liabilities| 2. 23| 2. 07| Total Liabilities| 12. 50| 15. 10| + Tot al Preferred Equity| 0. 00| 0. 00| + Minority Interest| -0. 21| -0. 22| + Share Capital APIC| 7. 34| 7. 34| + Retained Earnings Other Equity| 21. 38| 19. 10| Total Equity| 28. 51| 26. 23| Total Liabilities Equity| 41. 01| 41. 4| Kout Food Group Income Statement: Period End Date| 12/31/2011| 12/31/2010| Revenue| 69. 10| 68. 80| – Cost of Revenue| 55. 38| 55. 06| Gross Profit| 13. 72| 13. 74| – Operating Expenses| 9. 54| 9. 28| Operating Income| 4. 18| 4. 46| – Interest Expense| 0. 04| 0. 34| – Foreign Exchange Losses (Gains)| -0. 02| -0. 03| – Net Non-Operating Losses (Gains)| 0. 29| -0. 12| Pretax Income| 3. 82| 4. 21| – Income Tax Expense| -0. 24| -0. 62| Income Before XO Items| 4. 05| 4. 83| – Extraordinary Loss Net of Tax| 0. 00| 0. 00| – Minority Interests| -0. 03| -0. 22| Net Income| 4. 08| 5. 04| – Total Cash Preferred Dividends| 0. 0| 0. 00| Net Inc. Avail to Common Shareholders| 4. 08| 5. 04| Abnormal Losses ( Gains)| 1. 07| 0. 05| Normalized Income| 5. 15| 5. 10| Basic EPS Before Abnormal Items| 0. 07| 0. 07| Basic EPS Before XO Items| 0. 06| 0. 07| Basic EPS| 0. 06| 0. 07| Basic Weighted Avg. Shares| 73. 17| 73. 17| Diluted EPS Before Abnormal Items| 0. 07| 0. 07| Diluted EPS| 0. 06| 0. 07| Diluted Weighted Avg. Shares| 73. 17| 73. 17| Resaas Services Inc. Resaas Services Inc. designs, develops, and commercializes an integrated online- platform of technologies to service the real estate industry including realtors and property searchers. The Company’s platform includes various tools and of services including custom webpage generator, the ability to create and submit new property listings, a Search Engine, and many other services. Resaas is related to McBride Financial Service both companies prove financial service. Resaas Income Statement: Period End Date| 12/31/2011| 12/31/2010| – Cost of Revenue| 0. 02| 0. 00| – Operating Expenses| 2. 62| 0. 46| Operating Income| -2. 64| -0. 46| – Interest Expense| 0. 00| 0. 00| – Foreign Exchange Losses (Gains)| -0. 01| 0. 00| – Net Non-Operating Losses (Gains)| -0. 01| 0. 00| Pretax Income| -2. 62| -0. 46| – Income Tax Expense| 0. 0| 0. 00| Income Before XO Items| -2. 62| -0. 46| – Extraordinary Loss Net of Tax| 0. 00| 0. 00| – Minority Interests| 0. 00| 0. 00| Net Income| -2. 62| -0. 46| – Total Cash Preferred Dividends| 0. 00| 0. 00| – Other Adjustments| 0. 00| 0. 00| Net Inc. Avail to Common Sharehold ers| -2. 62| -0. 46| Abnormal Losses (Gains)| 0. 00| 0. 00| Tax Effect on Abnormal Items| 0. 00| 0. 00| Normalized Income| -2. 62| -0. 46| Basic EPS Before Abnormal Items| -0. 12| -0. 05| Basic EPS Before XO Items| -0. 12| -0. 05| Basic EPS| -0. 12| -0. 05| Basic Weighted Avg. Shares| 21. 46| 10. 13| Diluted EPS Before Abnormal Items| -0. 12| -0. 5| Diluted EPS Before XO Items| -0. 12| -0. 05| Diluted EPS| -0. 12| -0. 05| Diluted Weighted Avg. Shares| 21. 46| 10. 13| Resaas Balance Sheet: Period End Date| 12/31/2011| 12/31/2010| Assets | + Cash ; Near Cash Items| 3. 95| 0. 04| + Short-Term Investments| 0. 51| 0. 00| + Accounts ; Notes Receivable| 0. 06| 0. 01| + Inventories| 0. 00| 0. 00| + Other Current Assets| 0. 00| 0. 00| Total Current Assets| 4. 53| 0. 04| + LT Investments ; LT Receivables| N/A| 0. 00| + Net Fixed Assets| 0. 00| 0. 02| + Other Long-Term Assets| 1. 14| 0. 22| Total Long-Term Assets| 1. 14| 0. 24| Total Assets| 5. 67| 0. 28| Liabilities ; Shareholders’ Equity | + Accounts Payable| 0. 04| 0. 05| + Short-Term Borrowings| 0. 00| 0. 00| + Other Short-Term Liabilities| 0. 00| 0. 00| Total Current Liabilities| 0. 04| 0. 05| + Long-Term Borrowings| 0. 00| 0. 00| + Other Long-Term Liabilities| 0. 00| 0. 00| Total Long-Term Liabilities| 0. 00| 0. 00| Total Liabilities| 0. 04| 0. 05| + Total Preferred Equity| N/A| 0. 08| + Minority Interest| 0. 00| 0. 00| + Share Capital APIC| 8. 90| 0. 81| + Retained Earnings Other Equity| -3. 27| -0. 65| Total Equity| 5. 63| 0. 24| Total Liabilities Equity| 5. 67| 0. 28| Conclusion National Plastic Co. s not doing well after a year. The company has less net fixed assets after a year. The company has borrowed less liability but the company has less revenue so with the changes it did not work in the favor for the company. AMERCO Inc. is still doing about the same after a year. The big thing is that the company is still able to bring in money with the economy at its worst . The company is able to run comfortable. Kout Food Group is doing about the same as the year before. No growth has happen and no lost has happen. Resaas Services Inc. has made the most growth in a year. In 2010 the total liabilities and equity was 0. 8% and in 2011 5. 67%. The company gained more than 5. 39%. Resaas is doing well. To look at all the different company’s income statements and balance sheets show that no two companies are the same. Some companies may do better than others may and some may not do well at all. It is important for all companies to make sure to have a financial statement. Reference BLOOMBERG L. P. (2012). Bloomberg. Retrieved from http://www. bloomberg. com/ Riordan Manufacturing. (2005, 2006, 2012). Apollo Group Inc. Retrieved from https://ecampus. phoenix. edu/secure/aapd/cist/vop/Business/Riordan/Internet/index. asp# How to cite Balance Sheet and Income Statement, Essay examples Balance Sheet and Income Statement Free Essays Individual Assignment: Balance Sheet and Income Statement Commentary Publicly traded companies are entities that are allow for the offering of its registered securities. This allows them to become traded over a one stock exchange or over the counter market. This process allows for companies to gauge how much the company is truly worth compared to other companies in the same field or overall. We will write a custom essay sample on Balance Sheet and Income Statement or any similar topic only for you Order Now This gives some inherent advantages over some of the privately traded ones such as being able to reach debt markets and the selling of future equity. However, this also takes away from the overall control from the majority of its owners and company founders. There are many different types of companies that fall under this category. They range from anywhere between trucking to retail and anything in between. These companies are traded constantly with their stocks going up and down based on how people feel about the company. The four areas that are focused in this paper are manufacturing, trucking, retail (grocery), and mortgages. AEP Industries Inc. (AEPI) is a manufacturing company that develops ways to package different things. The company prides itself on the plastic is creates and uses for this process. This company is very similar to that of Riordan Manufacturing. Both companies have develop their own plastic materials that are used for different things. According to the Balance Sheet, The shareholders’ equity dipped in 2011 and rose drastically in 2012. This is most likely do to the increase of assets and liabilities. In the Income Statement, the overall gross profit increased from 2011 to 2012 by over 50,000. The net income also almost doubled from 2011 to 2012. Though the trade value of this company’s stock has dropped to . 1 under the profit line, the company has continued to show growth from year to year. AMERCO (UHAL) is a company that specializes in trucking/transporting items across any distance. It gives most of its power to the individuals who hire the company giving them the power to control when and where they are shipping their materials. Overall the company is looking at a pro fit. It is currently at 1. 67 and rising. The company’s Income statement shows that the company is slowly but steadily continuing its growth. It gained about 100,000 gross profit last year and does not show signs of slowing down. The overall net income came to about 21,000 in one year. The balance sheet also shows that the total assets and liabilities have grown and that it has increased the overall equity of the company for the shareholders. Arden Group Inc. is a holding company that operates seventeen full-service supermarkets in Southern California. The company itself carries both perishable and grocery products. The company is currently lost about 2. 20 today. According the Balance Statement, the assets of the company from 2011 to 2012 dropped by nearly half the amount, the biggest cause seems to be the short term investments. The short term investments in 2011 where 30, 413 and in 2012 it is 1,759. That is nearly 80% in one year. It seems that people have strayed away from this company when it comes to short term investments. This caused the equity of the company to be cut in half. In the Income statement, on the other hand, shows a steady growth of profit. The company is making money even without the short term investments. Nationalstar Mortgage Holdings Inc. is the nation’s leading mortgage service. It offers its supplies directly to the consumers. According to the Balance Sheet, the company has grown leaps and bounds. In 2011, the company was looking at little under 2 million total assets, but in 2012 that number grew to over 7 million. The company is growing drastically and based on the previous 2 years does not seem to be slowing down. The liability and the equity has grown in conjunction with the assets. The Income Statement shows also an impressive increase in net income. The company is growing and making a lot of money with it. The 2011 net income was 20,887. This number ballooned to 205,287 total net income. In conclusion, these four companies are publicly traded and are very successful in their own way. Nationstar has grown the greatest and seems to be able to continue to grow in the mortgage field. Arden and AEP are both growing company possibly going through growing pains and will be able to come out stronger. Finally, AMERCO is a strong company based in the right field and will continue to grow. References AEP Industries Inc. (AEPI). (2013). Retrieved from http://finance. yahoo. com/q/bs? s=AEPI+Balance+Sheetannual AEP Industries Inc. (AEPI). (2013). Retrieved from http://finance. yahoo. com/q/is? s=AEPI+Income+Statementannual AMERCO (UHAL). (2013). Retrieved from http://finance. yahoo. com/q/bs? =UHAL+Balance+Sheetannual AMERCO (UHAL). (2013). Retrieved from http://finance. yahoo. com/q/is? s=UHAL+Income+Statementannual Arden Group Inc. (ARDNA). (2013). Retrieved from http://finance. yahoo. com/q/bs? s=ARDNA+Balance+Sheetannual Arden Group Inc. (ARDNA). (2013). Retrieved from http://finance. yahoo. com/q/is? s=ARDNA+Income+Statementannual Nationstar Mortgage Holdings Inc. (NSM). (2013). Retrieved from http://finance. yahoo. com/q/bs? s=NSM+Balance+Sheetannual Nationstar Mortgage Holdings Inc. (NSM). (2013). Retrieved from http://finance. yahoo. com/q/is? s=NSM+Income+Statementannual How to cite Balance Sheet and Income Statement, Papers