Queen Anne’s Lace Corporation

Balance Sheet
2012 2013
Assets
Currents Assets:
Cash 11.310 19.648
Marketable Securities 6.082 5.891
Account Receivable 85.147 118.415
Inventory 91.378 118.563
Total Current Assets 193.917 262.517
Net Fixed Assets 94.652 115.461
Other Long Term Assets 5.899 5.491
Total Assets 294.468 383.469

Liabilities and Stockholders Equity

Current Liabilites :
Account Payable 37.460 62.725
Notes Payable 14.680 17.298
Others Current Liabilities 8.123 15.741
Total Current Liabilities 60.272 95.764
Long Term Debt include Financial Lease 1.276 4.005
Total Liabilities 61.548 99.769
Stockholders Equity:
Common Stock 20.750 24.150
Preferred Stock 70.350 87.730
Retained Earnings 141.820 171.820
Total Stockholders Equty 232.920 283.700
Total Liabilities and Stockholder’s Equity 294.468 383.469

Queen Anne’s Lace Corporation

Income Steatment
2012 2013
Sales Revenue 375.088 479.077
Cost of Goods Sold 184.507 223.690
Gross Profit 190.581 255.387
Operating Expense:
Selling, General and adm Expense 140.913 180.610
Depreciation Expense 9.595 11.257
Interest Expense 1.356 1.074
EBIT 38.717 61.816
Taxes 14.712 23.490
NIAT 24.005 38.326