Table 1

Symonds Electronics Inc.

Latest Balance Sheet
Cash 1,000,000 Accounts Payable 3,000,000
Account Accruals 2,000,000
Receivables 3,000,000 Current Liabilities 5,000,000
Inventories 4,000,000 Paid in Capital 5,000,000
Current Assets 8,000,000 Retained Earnings 10,000,000
Net Fixed Assets 12,000,000 Total Liabilities &
Total Assets 20,000,000 Owner's Equity 20,000,000
 Table 2
Symonds Electronics Inc.
Latest Income statement
Sales 15,000,000
Cost of good sold 10,500,000
Gross Profit 4,500,000
Selling and Adm. Exp 750,000
Depreciation 1,500,000
EBIT 2,250,000
Taxes (40%) 900,000
Net Income 1,350,000