Coast Jewelers, Inc.

Income Statement
For the Year Ended
12/31/08 12/31/09 % Change
Sales Revenue $ 850,511.65 $ 825,974.15 -3%
Less: Cost of Goods Sold 442,619.87 489,547.25 11%
Gross Margin 407,891.78 336,426.90 -18%
Expenses:
Advertising 20,654.21 26,548.55 29%
Depreciation 22,000.00 22,000.00 0%
Interest 40,846.24 32,338.94 -21%
Payroll 115,365.11 129,547.97 12%
Utilities 23,541.25 27,546.16 17%
Net income before taxes 185,484.97 98,445.28 -47%
Income taxes 65,218.98 31,600.00 -52%
Net income $ 120,265.99 $ 66,845.28 -44%

Student Name 12/09/2021 58542433.xls

 Coast Jewelers, Inc.
Balance Sheet
as of

Assets 12/31/08 12/31/09 %Change

Current Assets:
Cash $ 25,412.35 $ 20,182.15 -21%
Accounts Receivable 84,245.25 102,544.24 22%
Inventory 125,351.45 152,154.21 21%
Prepaid Expenses 15,625.26 15,241.75 -2%
Supplies 10,245.15 6,578.24 -36%
Property, Plant, and Equipment:
Land 120,000.00 120,000.00 0%
Building 300,000.00 315,000.00 5%
Equipment 65,000.00 70,000.00 8%
Less: Accumulated Depreciation (68,000.00) (90,000.00) 32%
Total $ 677,879.46 $ 711,700.59 5%

Liabilities and Stockholders' Equity

Liabilities
Current Liabilities:
Accounts Payable $ 75,182.10 $ 84,005.70 12%
Payroll Liabilities 8,152.25
Long-Term Debt 400,000.00 350,000.00 -13%
Stockholders' Equity
Common Stock 10,000.00 10,000.00 0%
Retained Earnings 192,697.36 259,542.64 35%
Total $ 677,879.46 $ 711,700.59 5%

Student Name 12/09/2021 58542433.xls

 Coast Jewelers Inc.
Ratio Analysis
9-Dec

Profitability
Return on Owner's Investment 0.28309876
Return on Total Investment 0.14275424
Profit Margin
Gross Margin
Liquidity
Current Ratio
Quick Ratio
Receivable turnover
Inventory Turnover
Solvency
Debt-to-equity
Liability