Scribd
Upload
1K views2 pages

Dairy Queen Financial Statements

Dairy Queen's balance sheet as of December 31, 2018 shows total assets of $2,579,623 including current assets of $503,254 and fixed assets of $1,107,718. Total liabilities are $540,523 consisting of current liabilities of $322,251 and long term liabilities of $218,272. Owner's equity totals $2,039,100. The income statement for the year ended December 31, 2018 shows total sales of $2,541,206 with a gross profit of $1,677,197. Total operating expenses were $1,016,344 resulting in a net profit of $1,524,862. The quarterly cash flow

Uploaded by

Hassan Ali
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
1K views2 pages

Dairy Queen Financial Statements

Dairy Queen's balance sheet as of December 31, 2018 shows total assets of $2,579,623 including current assets of $503,254 and fixed assets of $1,107,718. Total liabilities are $540,523 consisting of current liabilities of $322,251 and long term liabilities of $218,272. Owner's equity totals $2,039,100. The income statement for the year ended December 31, 2018 shows total sales of $2,541,206 with a gross profit of $1,677,197. Total operating expenses were $1,016,344 resulting in a net profit of $1,524,862. The quarterly cash flow

Uploaded by

Hassan Ali
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 2

Dairy Queen Balance Sheet

As at 31st December 2018


Assests: Liabilities:
Current Assets: Current Liabilities:
Cash 117,317 Accounts Payable 158,391
Marketable Securities 230,769 Other Current Liabilities 163,860
Accounts Receivable 80,623
Inventories 74,545 Total Current Liabilities: 322,251
Total Current Assets: 503,254
Long Term Liabilities:
Investments 952,837 Long Term Loans 218,272

Fixed Assets: Property and Equipment Total Liabilities: 540,523


Building 618,665
Furnishings 300,000 Owners' Equity
Equipment 206,053 Net Profit 1,396,443
Less Accumulated Depreciation:
Equipment 17,000 Capital 324,324
Net property and Equipment 1,107,718 Retained Earnings 318,333
Others Assets 15,814
Total Assets: 2,579,623 Total Owners' Equity: 2,039,100

Total Liabilities and Owners'


Equity: 2,579,623

Dairy Queen Income Statement


Fordownloaded
This study source was period byending 31st December
100000828298238 2018 on 01-26-2022 10:46:33 GMT -06:00
from CourseHero.com

https://www.coursehero.com/file/38245230/Dairy-Queen-Financial-Statementsdocx/
SALES REVENUE:
Food 2,058,376
Beverages 482,830

Total Sales 2,541,206

COST OF SALES:
Food 767,443
Beverages 96,566
Total Cost of Sales: 864,009

GROSS PROFIT:
Food 1,290,933
Beverage 386,264
Total Gross Profit: 1,677,197

OPERATING EXPENSES:
Salaries and Wages 714,059
Employee Benefits 100,813
Direct Operating Expense 32,000
Marketing 63,530
Utilities 88,942
Repairs and Maintenance 10,000
Depreciation 7,000
Total Operating Expense: 1,016,344

Net Profit 1,524,862

Dairy Queen Quarterly Cash Flow Statement

Jan - Mar Apr - Jun Jul - Sep Oct -Dec Year


Cash Inflow
Cash Balance 9,000 52,658 46,659 9,000 117,317
Cash Receipts 900,000 1,000,000 1,700,000 1,800,000 4,321,621
Total Cash Inflow: 909,000 1,052,658 1,746,659 1,809,000 4,438,938

Cash Outflow
Direct Material for Production 216,002 216,002 216,002 216,003 864,009
Salaries/Wages 165,514 188,514 183,016 177,015 714,059
Overhead Expenses 34,736 50,000 48,000 36,736 169,472
SG and A expenses 440,635 440,635 440,635 440,635 1,762,540
Total Cash Outflow: 856,887 895,151 887,653 870,389 3,510,080

This study source was downloaded by 100000828298238 from CourseHero.com on 01-26-2022 10:46:33 GMT -06:00

https://www.coursehero.com/file/38245230/Dairy-Queen-Financial-Statementsdocx/
Powered by TCPDF (www.tcpdf.org)

You might also like