Shumba Q3 Balance Sheet

1. Shumba Inc. Balance Sheet
Date: September 30, 2011
Assets 2011
Current Assets
Cash 711,874
Accounts Recievable 25,777,333
Inventory
Prepaid Expenses
Short Term Investments
Prepaid expenses
Total Current Assets: 26,489,207
Fixed (Long Term) Assets
Long Term Investments 721,208
Property, plant, and equipment 157,340
(Less accumulated depreciation) (22,070)
Intangible assets
Total Fixed Assets 856,478
Other Assets
Deferred income tax
Other
Total Other Assets -
Total Assets 27,345,685
42] Liabilities and Owner's Equity
Current Liabilities
Accounts payable 2,578,170
Short-term loans
Income taxes payable 75,825
Accrued salaries and wages 655,000
Unearned Revenue
Current portion of long-term debt
Total Current Liabilities 3,308,995
Long Term Liabilities
Long term debt 3,450
Deferred income tax
other
Owners Equity Total Long Term Liabilities 3,450
Owners investment
Retained earnings 3,311,178
Other 20,722,062
Total Owners Equity 24,033,240
Total Liabilities and Owner's Equity 27,345,685
[42]
42] Common Financial Ratios
Debt Ratio (Total Liabilities/Total Assets) 0.12
Current Ratio (Current Assets/Current Liabilities) 8.01
Working Capital (Current Assets-Current Liabilities) 23,180,212.00
Assets-to-Equity Ratio (Total Assets/Owners equity) 1.14
Debt-to-Equity Ratio (Total Liabilities/Owners Equity 0.14
Income Statement Template by Vertex42.com