Summary Report

After you have completed preparing all the financial statements, analyze the statements and write a short report summarizing your findings. Use the template provided in the What to Submit section to complete your report.

4. Summary: Write a summary of what the financial statements indicate about the companys financial health and performance.
   1. Purpose: What kind of information would these financial statements provide to various aspects of the business?
   2. Analysis: What is the companys cash position, its net income as a percentage of sales, and its current liabilities to current assets position?

22:23 Safari Expert Q&A Done A Company Income Statement For Otr. Ending 1231/20XX Revenues Bakery Sales Merchandise Sales Total Revenues Cost of Goods Sold Gross Profit 80,000.00 221.00 60,2210g 157.60 50,063.40 Operating Expenses: Baking Supplies Expense Rent Expense interest Expense Insurance Expense Depreciation Expense Misc. Expense Office Supplies Expense Business License Expense Advertising Expense Wages Expense Telephone Expune 39.600.00 4.500.00 150.00 200.00 20033 250.00 550.00 375.00 200.00 1955.00 250.00 Total Operating Expenses: 27,999.33 A Company Statement of stockholders For Our Ending 12:00 Beginning Balance, September BULE Erling Balancer December 31 A Company 22:234 Safari Expert Q&A Done A Company Closing Entries Qrending 1231200 Date Account 19-Bewys Merchandu Bundan Den 000 2215 11- 200 Bags . Wapest os term Business License Expert OE Derection 250 50 17 Ad COGS 11. Butanas 10000 A Company Post-Closing Trial Balance Otr. Ending 12/31/20xx Unadjusted Trial Balance Debit Credit 5143 1.100.00 175.65 1.500.00 10000 47167 Account Cash Baking Supplies Merchandise inwentary Prepaid Rent Prepaid Insurance Baking Equipment Accumulated Depreciation Office Super Accounts Rece Accounts Payable Wages Payable Interest Payable Notes Payable Common Stock Retained an 50.00 3,700.00 700000 136.00 3.500.00 30 000 22.12 Total H7547 22:23 Safari Expert Q&A Done A Company Income Statement For Otr. Ending 1231/20XX Revenues Bakery Sales Merchandise Sales Total Revenues Cost of Goods Sold Gross Profit 80,000.00 221.00 60,2210g 157.60 50,063.40 Operating Expenses: Baking Supplies Expense Rent Expense interest Expense Insurance Expense Depreciation Expense Misc. Expense Office Supplies Expense Business License Expense Advertising Expense Wages Expense Telephone Expune 39.600.00 4.500.00 150.00 200.00 20033 250.00 550.00 375.00 200.00 1955.00 250.00 Total Operating Expenses: 27,999.33 A Company Statement of stockholders For Our Ending 12:00 Beginning Balance, September BULE Erling Balancer December 31 A Company 22:234 Safari Expert Q&A Done A Company Closing Entries Qrending 1231200 Date Account 19-Bewys Merchandu Bundan Den 000 2215 11- 200 Bags . Wapest os term Business License Expert OE Derection 250 50 17 Ad COGS 11. Butanas 10000 A Company Post-Closing Trial Balance Otr. Ending 12/31/20xx Unadjusted Trial Balance Debit Credit 5143 1.100.00 175.65 1.500.00 10000 47167 Account Cash Baking Supplies Merchandise inwentary Prepaid Rent Prepaid Insurance Baking Equipment Accumulated Depreciation Office Super Accounts Rece Accounts Payable Wages Payable Interest Payable Notes Payable Common Stock Retained an 50.00 3,700.00 700000 136.00 3.500.00 30 000 22.12 Total H7547