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Chester, Inc.
Trial Balances for years ending December 31, 2013, 2014 and 2015
Account Description
Cash on Hand
Checking Account - Operating
MMKT Accounts
Investments - Trading
Accounts Receivable
Allowance for Doubtful Accounts
Other Receivables
Inventory
Reserve for Inventory Obsolescence
Prepaid Insurance
Prepaid Rent
Office Supplies
Land
Buildings and Land Improvements
Machinery, Equipment, Office Furniture
Accum. Depreciation
Other Noncurrent Assets
Accounts Payable
Wages Payable
FICA Employee Withholding
Medicare Withholding
Federal Payroll Taxes Payable
State Payroll Taxes Payable
FICA Employer Withholding
Medicare Employer Withholding
Income Taxes Receivable/Payable
Line of Credit
Current Portion LT Note Payable
Interest payable
Bonuses payable
Dividend payable
Long-Term Note Payable
Common Stock
Paid-in Capital
Retained Earnings (Beginning Balance)
Dividends
Sales
Sales Returns
Income from Investments
Unrealized (Gains) and Losses - Investments
Interest Income
Cost of Goods Sold
Administrative Wages Expense
Advertising Expense
Auto Expenses
Bad Debt Expense
Bonus Expense
Depreciation Expense
Freight 2013
$2,483
247,646
806,288
6,935,712
20,513,628
(1,578,525)
0
23,531,507
(3,765,000)
1,829,143
250,000
9,259
146,250
779,882
541,522
(205,000)
67,301
(8,934,591)
(36,838)
(1,648)
(730)
(7,541)
(3,519)
(1,648)
(730)
0
(12,500,000)
0
0
0
(6,000,000)
(10,131,250)
(9,278,750)
(2,773,900)
6,000,000
(307,716,148)
5,621,979
(665,079)
64,288
(255,379)
176,961,437
21,094,132
1,121,425
261,218
2,028,032
0
166,250
5,378,689 2014
$2,459
252,858
983,161
6,850,198
56,472,091
(2,387,691)
1,400,000
75,351,471
(12,136,103)
2,830,474
9,565
131,040
698,775
3,280,589
(786,102)
(19,488,866)
(264,513)
(9,452)
(12,785)
(132,256)
(61,630)
(9,452)
(12,785)
(3,205,440)
(52,231,360)
(677,640)
(470,311)
(504,000)
(15,250,000)
(12,762,360)
(10,131,250)
(9,278,750)
36,747,510
15,250,000
(271,839,067)
12,432,247
(658,672)
85,514
(147,707)
161,029,981
18,344,399
1,161,276
235,763
5,875,403
504,000
581,102
4,749,095 2015
$2,511
243,892
1,205,563
6,978,923
49,042,528
(2,942,552)
1,200,000
65,990,780
(10,558,525)
2,667,722
9,182
131,040
833,775
3,280,589
(1,403,257)
(12,850,648)
(198,384)
(7,089)
(9,589)
(99,192)
(46,200)
(7,089)
(9,589)
(6,011,540)
(47,481,737)
(721,480)
(568,429)
(459,000)
(15,000,000)
(12,040,880)
(10,131,250)
(9,278,750)
31,512,426
15,000,000
(288,876,206)
23,110,096
(549,387)
(128,725)
(142,168)
179,103,248
19,706,506
1,058,391
214,001
13,900,800
459,000
617,155
4,325,068 Insurance Expense
Legal and Professional Expense
Maintenance Expense
Miscellaneous Office Expense
Payroll Tax Expense
Pension/Profit-Sharing Plan Ex
Phone
Postal
Property Tax Expense
Rent or Lease Expense
Research and Development
Utilities
Warehouse Salaries
Warranty Expense
Interest Expense
Income Tax Expense - Federal
Income Tax Expense - State
Loss on Legal Settlement 1,067,428
4,506,417
76,420
21,279
1,938,736
3,750,000
95,467
160,042
100,619
3,254,357
38,639,554
169,554
5,791,730
1,375,352
1,093,750
2,956,250
536,250
23,965,000 1,045,085
11,037,039
96,020
27,803
1,767,149
3,696,000
57,911
87,140
110,252
1,370,273
532,425
170,765
5,848,120
1,297,104
3,373,056
14,142,240
2,503,200
- 951,774
8,987,069
87,641
25,390
1,609,342
3,366,000
53,651
79,360
101,319
2,230,615
3,080,313
155,600
5,270,689
1,422,381
2,942,147
7,269,540
1,258,000
- Chester, Inc.
Income Statement for years ending December 31, 2013, 2014 and 2015
2013
2014
Revenue
Sales
Less: Sales return 307,716,148
(5,621,979)
Net Sales 302,094,169
302,094,169 271,839,067
(12,432,247) 2015 259,406,820
259,406,820 288,876,206
(23,110,096) 265,766,110
265,766,110 Cost of Sales
176,961,437
- Cost of Goods Sold
Gross Profit
Operating Exenses
Advertising Expense
Warranty Expense
Auto Expenses
Warehouse Salaries
Property Tax Expense
Legal and Professional Expense
Depreciation Expense
Freight
Bad Debt Expense
Insurance Expense
Maintenance Expense
Utilities
Phone
Postal
Miscellaneous Office Expense
Payroll Tax Expense
Pension/Profit-Sharing Plan Ex
Rent or Lease Expense
Research and Development
Administrative Wages Expense
Bonus expense
Total Operating Expenses - 1,121,425
1,375,352
261,218
5,791,730
100,619
4,506,417
166,250
5,378,689
2,028,032
1,067,428
76,420
169,554
95,467
160,042
21,279
1,938,736
3,750,000
3,254,357
38,639,554
21,094,132
- 179,103,248
161,029,981
98,376,839 1,161,276
1,297,104
235,763
5,848,120
110,252
11,037,039
581,102
4,749,095
5,875,403
1,045,085
96,020
170,765
57,911
87,140
27,803
1,767,149
3,696,000
1,370,273
532,425
18,344,399
504,000
90,996,701
34,136,031
- Income from operations
Other revenue
Income from Investments
Interest Income
Income Before Other Gains and Losses
Unrealized (Gains) and Losses - Investments 176,961,437
125,132,732 161,029,981
- 179,103,248
86,662,862
1,058,391
1,422,381
214,001
5,270,689
101,319
8,987,069
617,155
4,325,068
13,900,800
951,774
87,641
155,600
53,651
79,360
25,390
1,609,342
3,366,000
2,230,615
3,080,313
19,706,506
459,000 58,594,124
39,782,715 - 67,702,065
18,960,797 (665,079)
39,706,982 39,041,903 (658,672)
(147,707) (806,379) (549,387)
(142,168) (691,555) 64,288 64,288 85,514 85,514 (128,725) (128,725) Other Expenses
Interest Expense
Loss on Legal Settlement
Income before tax
Income tax
Income Tax Expense - Federal
Income Tax Expense - State 1,093,750
23,965,000
(30,028,910)
2,956,250
536,250
Net Income
EPS
Number of shares 3,492,500
(33,521,410)
(4)
8,275,000 3,373,056
37,130,524
14,142,240
2,503,200 16,645,440
20,485,084
2
8,275,000 2,942,147
16,838,930
7,269,540
1,258,000 8,527,540
8,311,390
1
8,275,000 2013
ASSETS
Current Assets:
Cash & Cash Equivalents
Cash on Hand
Investments - Trading
Checking Account - Operating
MMKT Accounts
Trade and other receivables
Accounts Receivable
Less: Allowance for Doubtful Accounts
Other Receivables
Office Supplies
Inventories
Less: Reserve for Inventory Obsolescence
Prepaid Expenses
Prepaid Insurance
Prepaid Rent
Total Current Assets
Non-Current Assets:
Land
Buildings and Land Improvements
Machinery, Equipment, Office Furniture
Less: Accumulated Depreciation
Total Non-Current Assets 2,483 2,459 2,511 6,935,712
247,646 6,850,198
252,858 6,978,923
243,892 806,288 7,992,129 20,513,628
(1,578,525) 983,161 18,935,104 (2,387,691) - 541,522
(205,000) 54,084,400 (2,942,552) 19,775,766 (12,136,103) 2,830,474 2,079,143
48,782,142 - 46,099,976
1,200,000 (10,558,525) 55,441,437 2,667,722 2,830,474
129,628,483 - 2,667,722
113,840,024 146,250 131,040 131,040 779,882 698,775 833,775 336,522
1,262,654 0
- 3,280,589
(786,102) 2,494,487
3,324,302 3,280,589
(1,403,257) 1,877,332
2,842,147 0
### 2014 2015 8,934,591 19,488,866 12,850,648 36,838 470,311
264,513 568,429
198,384 8,430,889 9,182
65,990,780 63,224,933 2013 Accounts Payable
Interest payable
Wages Payable 49,042,528 9,565
75,351,471 1,829,143
250,000 1,205,563 1,400,000 9,259
23,531,507
(3,765,000) 8,088,676 56,472,091 Intangible Assets:
Other Non-current Assets:
TOTAL ASSETS Chester, Inc.
Balance Statement for years ending December 31, 2013, 2014 and 2015
2015
LIABILITIES
Current Liabilities: 2014 0
- Employee Payroll Withholdings (Deductions)
FICA Employee Withholding
Medicare Withholding
Employer Provided Benefits
FICA Employer Withholding
Medicare Employer Withholding
Income Taxes Payable
Income Tax
Federal Payroll Taxes Payable
State Payroll Taxes Payable
Current Portion of LT Debt
Other Accruals Payable
Bonuses payable
Dividend payable
Non-current Liabilities:
Line of Credit
Total Non-current Liabilities
Total Current Liabilities
Long-term Liabilities
Long-term Note Payable
TOTAL LIABILITIES 1,648
730 2,378 9,452
12,785 2,378 12,785 1,648
730 9,452 - 7,541
3,519 11,060 132,256
61,630 6,000,000
14,987,245 7,089
9,589 9,589 16,678 6,011,540 3,399,326 99,192
46,200 677,640
504,000
15,250,000 16,678 7,089 22,237 3,205,440 6,000,000 22,237 15,754,000
40,099,130 6,156,932
721,480 459,000
15,000,000 15,459,000
35,988,229 12,500,000
12,500,000 52,231,360
52,231,360 47,481,737
47,481,737 27,487,245 92,330,490 83,469,966 12,762,360
12,762,360 12,040,880
12,040,880 - 67,301 50,112,096 132,952,785 116,682,171 Shareholders EQUITY:
Common Stock
Paid-in Capital
Retained Earnings
TOTAL EQUITY 10,131,250
9,278,750
3,214,851
22,624,851 10,131,250
9,278,750
8,449,935
27,859,935 10,131,250
9,278,750
1,761,325
21,171,325 TOTAL LIABILITIES & EQUITY 50,112,096 132,952,785 116,682,171 Chester, Inc.
Statement of Retained Earnings years ending December 31, 2013, 2014 and 2015
Retained Earnings Statement
2013
2014
2015
Retained Earnings, January 1,
2,773,900
(36,747,510)
(31,512,426)
Net Income
(33,521,410)
20,485,084
8,311,390
Dividend declared
(6,000,000)
(15,250,000)
(15,000,000)
Retained Earnings, December 31,
(36,747,510)
(31,512,426)
(38,201,036) Chester, Inc.
Statement of Cash Flows for years ending December 31, 2013, 2014 and 2015
2013 2014 2015 Cash flows from operating activities
Net Income (33,521,410) Working capital changes:
(Increase) / Decrease in depreciation expense 20,485,084 8,311,390 581,102 617,155 (Increase) / Decrease in account receivables
(Increase) / Decrease in supplies (18,935,104)
(9,259) (35,149,296)
(306) 7,984,424
383 (Increase) / (Decrease) in inventories
(Increase) / (Decrease) in prepaid expenses
Increase / (Decrease) in interest payables 19,766,507
(2,079,143)
- (43,449,167)
(751,331)
470,311 7,783,496
162,752
98,118 Increase / (Decrease) in Employee Payroll Withholdings
Increase / (Decrease) in Employer Provided Benefits 2,378
2,378 19,859
19,859 (5,559)
(5,559) Increase / (Decrease) in taxes payable
Increase / (Decrease) in current portion of long term debt 11,060
- 3,388,266
677,640 2,757,606
43,840 6,000,000 18,544,129 (6,972,295) (28,762,593) (35,163,850) 20,775,751 (28,762,593) (35,163,850) 20,775,751 Cash flows from investing activities
(Purchase)/Sale of non current assest (67,301) 67,301 (Purchase)Sale of land
(Purchase)Sale of land improvements (146,250)
(779,882) 15,210
81,108 (541,521) (2,739,067) Increase / (Decrease) in other payable
Cash generated from operations Net cash from operating activities (Purchase) of equipment
(Purchase) of investment
Profit / (Loss) on the sale of investments Net cash used in investing activities (135,000) (715,864)
(2,250,818) (2,575,449) (135,000) Cash flows from financing activities
Proceeds from issue of share capital
Proceeds/(Payment) for line of credit 22,183,900 Net cash used in financing activities 34,683,900 Net increase in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period - 12,500,000 37,921,360 - 3,670,489
3,670,489
3,670,489 - 37,921,360 - (20,427,263)
(20,427,263) 182,061 213,488 7,904,615 8,086,676 8,086,676 8,300,164 3,670,489 4,416,186 4,416,186 3,883,978 Chester, Inc.
Statement of Cash Flows for years ending December 31, 2013, 2014 and 2015
2014 © www.excel-skills.com Cash flows from operating activities
Net Income
Adjustments for:
Depreciation Expense 20,485,084 Working capital changes:
(Increase) / Decrease in depreciation expense
(Increase) / Decrease in trade receivables
(Increase) / Decrease in supplies
(Increase) / (Decrease) in inventories
(Increase) / (Decrease) in prepaid expenses
Increase / (Decrease) in interest payables
Increase / (Decrease) in Employee Payroll Withholdings
Increase / (Decrease) in Employer Provided Benefits
Increase / (Decrease) in taxes payable
Increase / (Decrease) in current portion of long term debt
Increase / (Decrease) in other payable (35,149,296)
(306)
(43,449,167)
(751,331)
470,311
19,859
19,859
3,388,266
677,640
9,754,000 Cash generated from operations
Income taxes paid (44,949,933)
(16,645,440) Net cash from operating activities (61,595,373) (414,852) Cash flows from investing activities
(Purchase)/Sale of non current assest
(Purchase)Sale of land
(Purchase)Sale of land improvements
(Purchase) of equipment
(Purchase) of investment
Profit / (Loss) on the sale of investments 67,301
15,210
81,108 (2,739,067) Net cash used in investing activities (2,575,449) Cash flows from financing activities
Proceeds from issue of share capital
Proceeds/(Payment) for line of credit Net cash used in financing activities
Net increase in cash and cash equivalents
Cash and cash equivalents at beginning of period 39,731,360 - 39,731,360
(24,439,462)
- - Cash and cash equivalents at end of period 4,339,579 4 and 2015
2015
8,311,390 36,053
7,984,424
383
7,783,496
162,752
98,118
(5,559)
(5,559)
2,757,606
43,840
(295,000)
26,871,944
(8,527,540) 18,344,404
(2,431,347) (135,000) (135,000) (20,427,263)
(20,427,263)
(2,217,859)
4,339,579 4,339,579 Financial diagnostic
categories Chester Inc
Year
2013
2014
2015 -Current ratio 2014 2015 Current Liabilties 129,628,483
92,330,490 113,840,024
83,469,966 Cash+Short Term Investments +
Receivables
Current Liabilties 28,505,757
27,487,245 64,560,767
92,330,490 57,473,417
83,469,966 COGS
Inventory Obs 176,961,437
19,775,766 161,029,981
63,224,933 179,103,248
55,441,437 Net Cash from Op Activities
Current Liabilties (28,762,593)
27,487,245 (35,163,850)
92,330,490 20,775,751
83,469,966 Total Liabilities
Total Assets 27,487,245
50,112,096 105,092,850
132,952,785 95,510,846
116,682,171 Income from Operations
Interest 34,136,031
1,093,750 39,782,715
3,373,056 18,960,797
2,942,147 Net income
Net Sales (33,521,410)
302,094,169 20,485,084
259,406,820 8,311,390
265,766,110 Net income
Total Assets (33,521,410)
50,112,096 20,485,084
132,952,785 8,311,390
116,682,171 1.77
1.40
1.36
Quick Ratio 1.) Liquidity Ratio 2013
48,782,142
27,487,245 Current Assets 2013
2014
2015 1.04
0.70
0.69 Current Ratio shows the ability of the company to meet its current liabilities by use of current assets.
The company has reported current ratio that shows an increasing trend indicating stable liquidity issues.
The current ratio is a liquidity ratio that measures a company's ability to pay short-term and long-term obligations.
To gauge this ability, the current ratio considers the current total assets of a company (both liquid and illiquid)
relative to that company's current total liabilities. Ideally, quick ratio should be 1:1.
If quick ratio is higher, company may keep too much cash on hand or have a problem collecting its accounts receivable
Higher quick ratio is needed when the company has difficulty borrowing on short-term notes. A quick ratio higher than 1:1 indicates
that the business can meet its current financial obligations with the available quick funds on hand
A quick ratio lower than 1:1 may indicate that the company relies too much on inventory or other assets to pay
its short-term liabilities Inventory Turnover
2013
2014
2015 8.95
2.55
3.23 Inventory turnover shows the selling position of the firm.
A high turnover means higher sales and lower turnover inventory means more goods in the stores
In addition to this it indicates more storage costs are incurred for maintaining the maintaining the inventory.
Chester Inc is good at selling its inventory as indicated by the turnover ratio as low as 1.36 for the year 2015 Cash debt coverage ratio
2013
2014
2015 1.05
0.38
0.25
Debt-to total asset ratio 2.) Solvency Ratio 2013
2014
2015 0.55
0.79
0.82
-Times interest earned 2013
2014
2015 31.21
11.79
6.44
-Net income/sales (profit margin) 2013
2014
2015 -11.10%
7.90%
3.13%
-Net income/assets (ROA) 3.) Profitability 2013
2014
2015 -66.89%
15.41%
7.12% -Net income/shareholder equity (ROE)
2013
2014
2015 -148.16%
73.53%
39.26% A higher current cash debt coverage ratio indicates a better liquidity position. Generally a ratio of 1 : 1 is considered
very comfortable because having a ratio of 1 : 1 means the business is able to pay all
of its current liabilities from the cash flow of its own operations.
The company has real liquidity issues as shown by falling cash debt coverage ratio.
As we all know, lower the debt, lower the risk. Debt is not a free lunch. It has high cost of interest and that too even fixed amounts. Thus to
be a conservative player, a lower debt in the capital structure is desired. Every Company is under obligation to make payments
to debt holders in preference to equity holders, but the cost of equity is higher than the cost of debt. The debt content of the company .
is increasing with each passing year and is 0.82 in the year 2015
The Interest Coverage ratio shows the sufficiency of company earnings to meet the interest cost on long term debt.
The lower the ratio, higher the concern. It shows whether the earnings before interest and taxes
The coverage ratio has not followed any specific trend but is as low as 6.4 for the year 2015.
The net margin shows the margin or profit earned from the revenue after meeting all the operating expenses.
The firm's net profit margin is additional cause of concern which is just 3.13% for the year 2015.
A negative gross profit margin occurs when costs exceed revenue. There are a few possible reasons
why a company might experience a negative gross profit margin. The only drag on gross profit margin calculations
is the cost of goods sold, which are the costs related to the production process.
The return on asset is an indication of the efficiency of the company in management of its assets.
It is a description of the return earned from each dollar invested in the assets used to carry on its business. Net income
Total Equity (33,521,410)
22,624,851 20,485,084
27,859,935 8,311,390
21,171,325 The firm is not efficient in management of its assets as shown by 2015 ROA of 7.12%.
ROE is more than a measure of profit; it's a measure of efficiency. A rising ROE suggests that a company
is increasing its ability to generate profit without needing as much capital.
The firm's low ROE is because of the falling net income even though the debt content
of the firm has been increasing with each year. Chester, Inc.
Income Statement - Horizontal for years ending December 31, 2013, 2014 and 2015
2013
2014
Revenue
Sales
Less: Sales return
Net Sales 307,716,148
(5,621,979) 302,094,169
302,094,169 271,839,067
(12,432,247) 259,406,820
259,406,820 176,961,437
- ###
161,029,981
161,029,981
98,376,839 Change
2013-14
Amount
% age 2015
288,876,206
(23,110,096) 265,766,110
265,766,110 Change
2014-15
Amount
% age (42,687,349) -14.13% 6,359,290 2.45% 179,103,248
86,662,862 (15,931,456)
(26,755,893) -9.00% 18,073,267
-21.38% (11,713,977) 11.22%
-11.91% 67,702,065
18,960,797 39,851
(78,248)
(25,455)
56,390
9,633
6,530,622
414,852
(629,594)
3,847,371
(22,343)
19,600
1,211
(37,556)
(72,902)
6,524
(171,587)
(54,000)
(1,884,084)
(38,107,129)
(2,749,733)
504,000
(32,402,577)
5,646,684 3.55%
(102,885)
-5.69%
125,277
-9.74%
(21,762)
0.97%
(577,431)
9.57%
(8,933)
144.92% (2,049,970)
249.54%
36,053
-11.71%
(424,027)
189.71%
8,025,397
-2.09%
(93,311)
25.65%
(8,379)
0.71%
(15,165)
-39.34%
(4,260)
-45.55%
(7,780)
30.66%
(2,413)
-8.85%
(157,807)
-1.44%
(330,000)
-57.89%
860,342
-98.62%
2,547,888
-13.04%
1,362,107
0.00%
(45,000)
-35.61%
9,107,941
16.54% (20,821,918) -9.72%
8.81%
-10.17%
-10.96%
-8.82%
-22.81%
5.84%
-9.80%
57.73%
-9.80%
-9.56%
-9.75%
-7.94%
-9.80%
-9.50%
-9.81%
-9.80%
38.57%
82.72%
6.91%
-9.80%
15.54%
-52.34% Cost of Sales
Cost of Goods Sold
Gross Profit
Operating Exenses
Advertising Expense
Warranty Expense
Auto Expenses
Warehouse Salaries
Property Tax Expense
Legal and Professional Expense
Depreciation Expense
Freight
Bad Debt Expense
Insurance Expense
Maintenance Expense
Utilities
Phone
Postal
Miscellaneous Office Expense
Payroll Tax Expense
Pension/Profit-Sharing Plan Ex
Rent or Lease Expense
Research and Development
Administrative Wages Expense
Bonus expense
Total Operating Expenses 176,961,437
125,132,732 1,121,425
1,375,352
261,218
5,791,730
100,619
4,506,417
166,250
5,378,689
2,028,032
1,067,428
76,420
169,554
95,467
160,042
21,279
1,938,736
3,750,000
3,254,357
38,639,554
21,094,132
Income from operations Other revenue
Income from Investments
(665,079)
Interest Income
39,706,982
Income Before Other Gains and Losses
Unrealized (Gains) and Losses - Investments
64,288
Other Expenses
Interest Expense
Loss on Legal Settlement
Income before tax
Income tax
Income Tax Expense - Federal
2,956,250
Income Tax Expense - State
536,250
Net Income
EPS
Number of shares 1,161,276
1,297,104
235,763
5,848,120
110,252
11,037,039
581,102
4,749,095
5,875,403
1,045,085
96,020
170,765
57,911
87,140
27,803
1,767,149
3,696,000
1,370,273
532,425
18,344,399
504,000
90,996,701
34,136,031 179,103,248 1,058,391
1,422,381
214,001
5,270,689
101,319
8,987,069
617,155
4,325,068
13,900,800
951,774
87,641
155,600
53,651
79,360
25,390
1,609,342
3,366,000
2,230,615
3,080,313
19,706,506
459,000
58,594,124
39,782,715 - 39,041,903 (658,672)
(147,707) (806,379) (549,387)
(142,168) 6,407
-0.96%
(691,555) (39,854,689) -100.37% 64,288 85,514 85,514 (128,725) (128,725) 1,093,750
23,965,000
(30,028,910) 3,492,500
(33,521,410)
(4)
8,275,000 3,373,056
37,130,524
14,142,240
2,503,200 16,645,440
20,485,084
2
8,275,000 2,942,147
16,838,930
7,269,540
1,258,000 8,527,540
8,311,390
1
8,275,000 21,226 33.02% 109,285
5,539 (214,239) -250.53% 2,279,306 208.39%
(430,909)
(23,965,000) -100.00%
67,159,434 -223.65% (20,291,594)
11,185,990
1,966,950
54,006,494
7
- -19.89%
-3.90% 79.10% (6,872,700)
78.58% (1,245,200)
-161.11% (12,173,694)
-161.11%
(1)
0.00%
- -12.78%
0.00%
-54.65%
-94.54%
-98.98%
-59.43%
-59.43%
0.00% Chester, Inc.
Balance Sheet - Horizontal Analysis
Balance Statement for years ending December 31, 2013, 2014 and 2015
2013
2014
ASSETS
Current Assets:
Cash & Cash Equivalents
Cash on Hand
Investments - Trading
Checking Account - Operating
MMKT Accounts
Trade and other receivables
Accounts Receivable
Less: Allowance for Doubtful Accounts
Other Receivables
Office Supplies
Inventories
Less: Reserve for Inventory Obsolescence
Prepaid Expenses
Prepaid Insurance
Prepaid Rent
Total Current Assets
Non-Current Assets:
Land
Buildings and Land Improvements
Machinery, Equipment, Office Furniture
Less: Accumulated Depreciation
Total Non-Current Assets
Intangible Assets:
Investments:
Other Non-current Assets:
TOTAL ASSETS
LIABILITIES
Current Liabilities:
Accounts Payable
Interest payable
Wages Payable 2015 2,483 2,459 2,511 6,935,712
247,646 6,850,198
252,858 6,978,923
243,892 Change
2013-14
Amount
% age (24)
(85,514)
5,212
176,873 -0.98%
-1.25%
2.06%
17.99% 52
128,725
(8,966)
222,402 2.07%
1.84%
-3.68%
18.45% 55,441,437 35,958,463
(809,166)
(1,400,000)
306
51,819,964
43,449,167 175.29%
-4.27%
0.00%
3.20%
68.77%
219.71% (7,429,563)
(554,861)
(200,000)
(383)
(9,360,691)
(7,783,496) -15.15%
18.86%
-16.67%
-4.17%
-14.18%
73.72% 2,667,722
113,840,024 1,001,331
(250,000)
80,846,341 35.38%
0.00%
165.73% (162,752)
(15,788,459) -6.10%
0.00%
-12.18% (15,210)
(81,107)
2,739,067
(581,102)
2,061,648 -10.40%
-10.40%
0.00%
-172.68%
163.28% 135,000
(617,155)
(482,155) 0.00%
19.32%
0.00%
-24.74%
-14.50% (67,301) 0.00%
-100.00% 806,288 7,992,129 983,161 8,088,676 1,205,563 8,430,889 20,513,628
(1,578,525) 18,935,104 56,472,091
(2,387,691) 54,084,400 49,042,528
(2,942,552) 46,099,976 9,259
23,531,507
(3,765,000) 1,829,143
250,000 541,522
(205,000) 19,775,766 2,079,143
48,782,142 1,400,000
9,565
75,351,471
(12,136,103) 2,830,474
- 63,224,933 2,830,474
129,628,483 1,200,000
9,182
65,990,780
(10,558,525) 2,667,722
- 146,250 131,040 131,040 779,882 698,775 833,775 336,522
1,262,654 3,280,589
(786,102) 2,494,487
3,324,302 3,280,589
(1,403,257) Change
2014-15
Amount
% age 1,877,332
2,842,147 67,301 - 0.00%
0.00% 50,112,096 132,952,785 116,682,171 82,840,688 165.31% (16,270,614) -12.24% 8,934,591
36,838 19,488,866
470,311
264,513 12,850,648
568,429
198,384 10,554,275
470,311
227,675 118.13%
0.00%
618.04% (6,638,218)
98,118
(66,129) -34.06%
20.86%
-25.00% Employee Payroll Withholdings (Deductions)
FICA Employee Withholding
Medicare Withholding
Employer Provided Benefits
FICA Employer Withholding
Medicare Employer Withholding
Income Taxes Payable
Income Tax
Federal Payroll Taxes Payable
State Payroll Taxes Payable
Current Portion of LT Debt
Other Accruals Payable
Bonuses payable
Dividend payable
Non-current Liabilities:
Line of Credit
Total Non-current Liabilities
Total Current Liabilities
Long-term Liabilities
Long-term Note Payable
TOTAL LIABILITIES 1,648
730 2,378 9,452
12,785 22,237 7,089
9,589 16,678 7,804
19,859 473.54%
2720.41% (2,363)
(3,196) -33.33%
-14.37% 1,648
730 2,378 9,452
12,785 22,237 7,089
9,589 16,678 7,804
19,859 473.54%
2720.41% (2,363)
(3,196) -33.33%
-14.37% 11,060 3,205,440
132,256
61,630 3,399,326 6,011,540
99,192
46,200 6,156,932 3,205,440
124,715
58,111 0.00%
1653.83%
1651.35% 2,806,100
(33,064)
(15,430) 46.68%
-33.33%
-0.45% 721,480 677,640 0.00% 43,840 6.47% 15,459,000
35,988,229 504,000
9,754,000
25,111,885 0.00%
162.57%
167.56% (45,000)
(295,000)
(4,110,901) -9.80%
-1.87%
-10.25% 7,541
3,519 6,000,000 6,000,000
14,987,245 677,640
504,000
15,250,000 15,754,000
40,099,130 459,000
15,000,000 12,500,000
12,500,000 52,231,360
52,231,360 47,481,737...
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