Case
2257 Case
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- Institution
Case of 18 pages for the course at UWO (Business 2257)
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ADEPTBALANCE SHEET
2007 2006 2005
ASSETS
Current Assets
Cash - - -
Accounts Receivable 132,613 92,791 77,794
Prepaids 4,388 3,483 2,075
Inventory 19,908 17,943 20,281
Total Current Assets 156,909 114,217 100,150
Net Capital Assets 92,948 60,287 68,794
Total Assets 249,857 174,504 168,944
LIABILITIES & SHAREHOLDERS' EQUITY
Current Liabilities
Operating Line of Credit 34,327 43,078 63,565
Accounts Payable 113,250 65,944 70,227
Accrued Liabilities & Other Current Payables 5,575 6,248 6,020
Total Current Liabilities 153,152 115,270 139,812
Long-Term Liabilities
Sodrox Term Loan 88,000 100,000 100,000
Shareholder Loan 45,000 45,000 45,000
Personal Loan 42,240 35,000 35,000
Total Long-term Liabilities 175,240 180,000 180,000
Total Liabilities 328,392 295,270 319,812
Shareholders' Equity
Capital Stock 120,000 120,000 120,000
Retained Earnings (198,535) (240,766) (270,868)
Total Shareholders' Equity (78,535) (120,766) (150,868)
Total Liabilities & Shareholders' Equity 249,857 174,504 168,944
, ADEPT
Net Income 42,231
Operating Activities
Amortization 10,990
Accounts Receivable (39,822)
Prepaids (905)
Inventory (1,965)
Operating Line of Credit (8,751)
Accounts Payable 47,306
Accrued Liabilities and Other Current Payables (673) 6,180
Net Cash Flow From Operations 48,411
Financing Activities
Sodrox Term Loan (12,000)
Shareholder Loan -
Personal Loan 7,240
Capital Stock -
Dividends Declared - (4,760)
Investing Activities
Fixed Asset Purchases (43,651)
Net Cash Flow -
Beginning Cash -
Ending Cash -
, Retained Earnings
240,766 O/B
N/I 42,231
198,535 E/B
Fixed Assets
60,287 O/B
Dep'n 10,990
49,297 T/B
43,651 Purchases
92,948 E/B
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