Chester, Inc. Trial Balances for years ending December 31, 2013, 2014, and 2015 Account Description
Question # 00095767
Posted By:
Updated on: 08/22/2015 11:07 AM Due on: 09/21/2015
Chester, Inc.
Trial Balances for years ending December 31, 2013, 2014, and 2015
Account Description
Cash on Hand
Regular Checking Account
Savings Account
Accounts Receivable
Other Receivables
Allowance for Doubtful Accounts
Inventory
Reserve for Inventory Obsolescence
Prepaid Insurance
Prepaid Rent
Office Supplies
Land
Buildings and Land Improvements
Machinery, Equipment, Office Furniture
Accum. Depreciation
Investments
Other Noncurrent Assets
Taxes Receivable/payable
Accounts Payable
Wages Payable
FICA Employee Withholding
Medicare Withholding
Federal Payroll Taxes Payable
State Payroll Taxes Payable
FICA Employer Withholding
Medicare Employer Withholding
Line of Credit
Current Portion Long-Term Debt
Interest payable
Bonuses payable
Dividend payable
Common Stock
Paid-in Capital
Retained Earnings
Dividends
Sales
Sales Returns
Warranty Expense
Income from Investments
Interest Income
Cost of Goods Sold
Freight
Advertising Expense
Auto Expenses
Research and Development
Depreciation Expense
Warehouse Salaries
Property Tax Expense
Legal and Professional Expense
Bad Debt Expense
Insurance Expense
Maintenance Expense
Utilities
Phone
Postal
Miscellaneous Office Expense
Payroll Tax Exp
Pension/Profit-Sharing Plan Ex
Rent or Lease Expense
Administrative Wages Expense
Bonus expense
Interest Expense
Income Tax Expense - Federal
Income Tax Expense - State
Loss on Legal Settlement
2013
$
2,484 $
247,646
3,806,198
20,513,628
(1,578,525)
23,531,507
(3,765,000)
929,143
250,000
9,259
146,250
779,882
541,521
(205,000)
715,864
67,301
(5,791,398)
(36,838)
(1,648)
(730)
(7,541)
(3,519)
(1,648)
(730)
(12,500,000)
(6,000,000)
(10,131,250)
(9,278,750)
(2,773,901)
6,000,000
(307,716,148)
5,621,979
1,375,352
(255,379)
176,961,527
5,378,689
1,121,425
261,218
39,015,418
166,250
5,791,730
100,619
4,506,417
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
21,094,132
1,093,750
2,956,250
536,250
23,965,000
2014
2,548 $
253,960
4,083,071
57,697,091
1,400,000
(1,387,691)
75,851,471
(12,136,103)
2,830,474
9,565
131,040
698,775
3,280,589
(764,692)
2,238,634
(3,205,440)
(22,488,866)
(264,513)
(9,452)
(12,785)
(132,256)
(61,720)
(9,452)
(12,785)
(49,731,360)
(13,440,000)
(470,311)
(504,000)
(15,250,000)
(10,131,250)
(9,278,750)
(2,238,105)
15,250,000
(271,839,067)
12,432,247
1,297,104
(1,227,199)
(147,707)
161,029,981
4,749,095
1,161,276
235,763
592,335
581,012
5,348,208
111,252
10,435,113
5,875,403
1,045,085
96,220
170,855
58,911
87,140
27,879
1,767,149
3,696,000
1,351,363
18,344,399
504,000
3,373,056
14,142,240
2,503,200
-
2015
2,599
243,802
4,205,563
49,042,528
1,200,000
(2,942,552)
65,990,780
(10,558,525)
2,667,722
9,182
131,040
833,775
3,280,589
(1,381,847)
2,070,736
(6,011,540)
(13,850,648)
(198,384)
(7,089)
(9,589)
(99,192)
(46,290)
(7,089)
(9,589)
(44,177,211)
(12,084,720)
(568,429)
(459,000)
(15,000,000)
(10,131,250)
(9,278,750)
(9,185,791)
15,000,000
(288,876,206)
23,110,096
1,444,381
(1,138,905)
(142,168)
179,103,248
4,325,068
1,057,591
214,713
3,080,313
617,155
4,870,689
101,319
9,503,406
13,963,800
951,774
87,629
155,600
53,651
79,360
25,390
1,609,368
3,366,000
2,230,705
19,706,506
459,000
2,842,147
7,269,540
1,258,000
-
CHESTER, INC.
INCOME STATEMENTS
FOR YEARS ENDED DECEMBER 31
2015
Revenues
Sales
Sales Returns
Net Sales
Cost of Goods Sold
Gross Profit
Operating Expenses
Freight
Warranty Expense
Advertising Expense
Net Income
271,839,067 $
(12,432,247)
259,406,820
161,029,981
98,376,838
307,716,148
(5,621,979)
302,094,169
176,961,527
125,132,642
4,749,095
1,297,104
1,161,276
5,378,689
1,375,352
1,121,425
235,763
592,335
581,012
5,348,208
111,252
10,435,113
5,875,403
1,045,085
96,220
170,855
58,911
87,140
27,879
1,767,149
3,696,000
1,351,363
18,344,399
504,000
57,535,562
40,841,276
261,218
39,015,418
166,250
5,791,730
100,619
4,506,417
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
21,094,132
91,372,567
33,760,075
1,138,905
142,168
(2,842,147)
17,198,369
1,227,199
147,707
(3,373,056)
38,843,126
255,379
(1,093,750)
(23,965,000)
8,956,704
7,269,540
1,258,000
$
288,876,206 $
(23,110,096)
265,766,109
179,103,248
86,662,862
214,713
3,080,313
617,155
4,870,689
101,319
9,503,406
13,963,800
951,774
87,629
155,600
53,651
79,360
25,390
1,609,368
3,366,000
2,230,705
19,706,506
459,000
67,903,419
18,759,443
Auto Expenses
Research and Development
Depreciation Expense
Warehouse Salaries
Property Tax Expense
Legal and Professional Expense
Bad Debt Expense
Insurance Expense
Maintenance Expense
Utilities
Phone
Postal
Miscellaneous Office Expense
Payroll Tax Exp
Pension/Profit-Sharing Plan Expense
Rent or Lease Expense
Administrative Wages Expense
Bonus expense
Total Operating Expenses
Operating Income
Other Income (Expenses)
Income from Investments
Interest Income
Interest Expense
Loss on Legal Settlement
Income before Income Taxes
Taxes
Income Tax Expense - Federal
Income Tax Expense - State
2013
4,325,068
1,444,381
1,057,591
$
2014
14,142,240
2,503,200
2,956,250
536,250
22,197,686 $
5,464,204
8,670,829
$
Common shares outstanding
8,275,000
8,275,000
8,275,000
Earnings per common share
$1.05
$2.68
$0.66
BALANCE SHEET VERTICAL ANALYSIS
AS OF DECEMBER 31
2015
Assets
Current Assets
Cash on Hand
Regular Checking Account
Savings Account
Investments
Accounts Receivable
Other Receivables
Less: Allowance for Doubtful Accounts
Inventory
Less: Reserve for Inventory Obsolescence
Prepaid Insurance
Prepaid Rent
$
Total Liabilities & Stockholders' Equity
2,484
247,646
3,806,198
715,864
20,513,628
(1,578,525)
23,531,507
(3,765,000)
929,143
250,000
0.01%
0.54%
8.28%
1.56%
44.60%
0.00%
-3.43%
51.16%
-8.19%
2.02%
0.54%
0.01%
97.51%
9,259
44,662,203
0.02%
97.11%
131,040
698,775
3,280,589
(764,692)
3,345,711
0.10%
0.52%
2.44%
-0.57%
0.00%
2.49%
146,250
779,882
541,521
(205,000)
67,301
1,329,955
0.32%
1.70%
1.18%
-0.45%
0.15%
2.89%
134,188,731
100.00%
45,992,157
100.00%
5.24%
12.07%
0.17%
0.01%
0.01%
0.09%
0.04%
0.01%
0.01%
10.53%
0.50%
0.40%
13.07%
38.48%
80.60%
3,205,440
22,488,866
264,513
9,452
12,785
132,256
61,720
9,452
12,785
13,440,000
470,311
504,000
15,250,000
49,731,360
105,592,941
2.39%
16.76%
0.20%
0.01%
0.01%
0.10%
0.05%
0.01%
0.01%
10.02%
0.35%
0.38%
11.36%
37.06%
78.69%
5,791,398
36,838
1,648
730
7,541
3,519
1,648
730
6,000,000
12,500,000
24,344,053
0.00%
12.59%
0.08%
0.00%
0.00%
0.02%
0.01%
0.00%
0.00%
0.00%
0.00%
0.00%
13.05%
27.18%
52.93%
10,131,250
9,278,750
2,856,620
22,266,620
$
2,548
253,960
4,083,071
2,238,634
57,697,091
1,400,000
(1,387,691)
75,851,471
(12,136,103)
2,830,474
-
0.00%
0.19%
3.04%
1.67%
43.00%
1.04%
-1.03%
56.53%
-9.04%
2.11%
0.00%
0.01%
97.51%
9,565
130,843,020
0.11%
0.73%
2.86%
-1.20%
0.00%
2.49%
114,795,391
100.00%
6,011,540
13,850,648
198,384
7,089
9,589
99,192
46,290
7,089
9,589
12,084,720
568,429
459,000
15,000,000
44,177,211
92,528,771
Liabilities & Stockholders' Equity
Current Liabilities
Taxes Receivable/Payable
Accounts Payable
Wages Payable
FICA Employee Withholding
Medicare Withholding
Federal Payroll Taxes Payable
State Payroll Taxes Payable
FICA Employer Withholding
Medicare Employer Withholding
Current Portion Long-Term Debt
Interest payable
Bonuses payable
Dividend payable
Line of Credit
Total Current Liabilities
Stockholders' Equity
Common Stock
Paid-in Capital
Retained Earnings
Total Stockholders' Equity
0.00%
0.21%
3.66%
1.80%
42.72%
1.05%
-2.56%
57.49%
-9.20%
2.32%
0.00%
$
2013
131,040
833,775
3,280,589
(1,381,847)
2,863,556
$
2,599
243,802
4,205,563
2,070,736
49,042,528
1,200,000
(2,942,552)
65,990,780
(10,558,525)
2,667,722
9,182
111,931,835
Office Supplies
Total Current Assets
Long-term Assets
Land
Buildings and Land Improvements
Machinery, Equipment, Office Furniture
Less: Accumulated Depreciation
Other Noncurrent Assets
Total Long-term Assets
Total Assets
2014
8.83%
8.08%
2.49%
19.40%
10,131,250
9,278,750
9,185,791
28,595,791
7.55%
6.91%
6.85%
21.31%
10,131,250
9,278,750
2,238,105
21,648,105
22.03%
20.17%
4.87%
47.07%
114,795,391
100.00%
134,188,732
100.00%
45,992,158
100.00%
$
$
$
$
$
BALANCE SHEET HORIZONTAL ANALYSIS
AS OF DECEMBER 31
Assets
Current Assets
Cash on Hand
Regular Checking Account
Savings Account
Investments
Accounts Receivable
Other Receivables
Less: Allowance for Doubtful Accounts
Inventory
Less: Reserve for Inventory Obsolescence
Prepaid Insurance
Prepaid Rent
Office Supplies
% Change
2015 to 2014
2015
2,599 $
243,802
4,205,563
2,070,736
49,042,528
1,200,000
(2,942,552)
65,990,780
(10,558,525)
2,667,722
-
2,548
253,960
4,083,071
2,238,634
57,697,091
1,400,000
(1,387,691)
75,851,471
(12,136,103)
2,830,474
-
2.00%
-4.00%
3.00%
-7.50%
-15.00%
-14.29%
112.05%
-13.00%
-13.00%
-5.75%
-
9,182
111,931,835
9,565
130,843,020
131,040
833,775
3,280,589
(1,381,847)
2,863,556
$
2014
2013
Liabilities & Stockholders' Equity
Current Liabilities
Taxes Receivable/Payable
Accounts Payable
Wages Payable
FICA Employee Withholding
Medicare Withholding
Federal Payroll Taxes Payable
State Payroll Taxes Payable
FICA Employer Withholding
Medicare Employer Withholding
Current Portion Long-Term Debt
Interest payable
Bonuses payable
Dividend payable
Line of Credit
Total Current Liabilities
Stockholders' Equity
Common Stock
Paid-in Capital
Retained Earnings
Total Stockholders' Equity
Total Liabilities & Stockholders' Equity
$
4.63%
-1.55%
10.49%
189.26%
139.07%
86.41%
180.44%
180.44%
187.12%
-100.00%
-4.00%
-14.45%
9,259
44,662,203
-0.82%
150.62%
131,040
698,775
3,280,589
(764,692)
3,345,711
0.00%
19.32%
0.00%
80.71%
-14.41%
146,250
779,882
541,521
(205,000)
67,301
1,329,955
-10.40%
6.91%
505.81%
574.07%
-100.00%
115.31%
134,188,731
-14.45%
45,992,157
149.60%
3,205,440
22,488,866
264,513
9,452
12,785
132,256
61,720
9,452
12,785
13,440,000
470,311
504,000
15,250,000
49,731,360
105,592,941
87.54%
-38.41%
-25.00%
-25.00%
-25.00%
-25.00%
-25.00%
-25.00%
-25.00%
-10.08%
20.86%
-8.93%
-1.64%
-11.17%
-12.37%
5,791,398
36,838
1,648
730
7,541
3,519
1,648
730
6,000,000
12,500,000
24,344,053
139.16%
438.53%
330.08%
1213.53%
1215.33%
1215.30%
330.08%
1213.53%
150.00%
253.42%
280.09%
10,131,250
9,278,750
2,856,620
22,266,620
$
2,484
247,646
3,806,198
715,864
20,513,628
(1,578,525)
23,531,507
(3,765,000)
929,143
250,000
6,011,540
13,850,648
198,384
7,089
9,589
99,192
46,290
7,089
9,589
12,084,720
568,429
459,000
15,000,000
44,177,211
92,528,771
Total Current Assets
Long-term Assets
Land
Buildings and Land Improvements
Machinery, Equipment, Office Furniture
Less: Accumulated Depreciation
Other Noncurrent Assets
Total Long-term Assets
Total Assets
10,131,250
9,278,750
9,185,791
28,595,791
0.00%
0.00%
-68.90%
-22.13%
10,131,250
9,278,750
2,238,105
21,648,105
0.00%
0.00%
27.64%
2.86%
134,188,732
-14.45%
45,992,158
149.60%
114,795,391
114,795,391
$
$
$
% Change
2015 to 2013
$
$
Trial Balances for years ending December 31, 2013, 2014, and 2015
Account Description
Cash on Hand
Regular Checking Account
Savings Account
Accounts Receivable
Other Receivables
Allowance for Doubtful Accounts
Inventory
Reserve for Inventory Obsolescence
Prepaid Insurance
Prepaid Rent
Office Supplies
Land
Buildings and Land Improvements
Machinery, Equipment, Office Furniture
Accum. Depreciation
Investments
Other Noncurrent Assets
Taxes Receivable/payable
Accounts Payable
Wages Payable
FICA Employee Withholding
Medicare Withholding
Federal Payroll Taxes Payable
State Payroll Taxes Payable
FICA Employer Withholding
Medicare Employer Withholding
Line of Credit
Current Portion Long-Term Debt
Interest payable
Bonuses payable
Dividend payable
Common Stock
Paid-in Capital
Retained Earnings
Dividends
Sales
Sales Returns
Warranty Expense
Income from Investments
Interest Income
Cost of Goods Sold
Freight
Advertising Expense
Auto Expenses
Research and Development
Depreciation Expense
Warehouse Salaries
Property Tax Expense
Legal and Professional Expense
Bad Debt Expense
Insurance Expense
Maintenance Expense
Utilities
Phone
Postal
Miscellaneous Office Expense
Payroll Tax Exp
Pension/Profit-Sharing Plan Ex
Rent or Lease Expense
Administrative Wages Expense
Bonus expense
Interest Expense
Income Tax Expense - Federal
Income Tax Expense - State
Loss on Legal Settlement
2013
$
2,484 $
247,646
3,806,198
20,513,628
(1,578,525)
23,531,507
(3,765,000)
929,143
250,000
9,259
146,250
779,882
541,521
(205,000)
715,864
67,301
(5,791,398)
(36,838)
(1,648)
(730)
(7,541)
(3,519)
(1,648)
(730)
(12,500,000)
(6,000,000)
(10,131,250)
(9,278,750)
(2,773,901)
6,000,000
(307,716,148)
5,621,979
1,375,352
(255,379)
176,961,527
5,378,689
1,121,425
261,218
39,015,418
166,250
5,791,730
100,619
4,506,417
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
21,094,132
1,093,750
2,956,250
536,250
23,965,000
2014
2,548 $
253,960
4,083,071
57,697,091
1,400,000
(1,387,691)
75,851,471
(12,136,103)
2,830,474
9,565
131,040
698,775
3,280,589
(764,692)
2,238,634
(3,205,440)
(22,488,866)
(264,513)
(9,452)
(12,785)
(132,256)
(61,720)
(9,452)
(12,785)
(49,731,360)
(13,440,000)
(470,311)
(504,000)
(15,250,000)
(10,131,250)
(9,278,750)
(2,238,105)
15,250,000
(271,839,067)
12,432,247
1,297,104
(1,227,199)
(147,707)
161,029,981
4,749,095
1,161,276
235,763
592,335
581,012
5,348,208
111,252
10,435,113
5,875,403
1,045,085
96,220
170,855
58,911
87,140
27,879
1,767,149
3,696,000
1,351,363
18,344,399
504,000
3,373,056
14,142,240
2,503,200
-
2015
2,599
243,802
4,205,563
49,042,528
1,200,000
(2,942,552)
65,990,780
(10,558,525)
2,667,722
9,182
131,040
833,775
3,280,589
(1,381,847)
2,070,736
(6,011,540)
(13,850,648)
(198,384)
(7,089)
(9,589)
(99,192)
(46,290)
(7,089)
(9,589)
(44,177,211)
(12,084,720)
(568,429)
(459,000)
(15,000,000)
(10,131,250)
(9,278,750)
(9,185,791)
15,000,000
(288,876,206)
23,110,096
1,444,381
(1,138,905)
(142,168)
179,103,248
4,325,068
1,057,591
214,713
3,080,313
617,155
4,870,689
101,319
9,503,406
13,963,800
951,774
87,629
155,600
53,651
79,360
25,390
1,609,368
3,366,000
2,230,705
19,706,506
459,000
2,842,147
7,269,540
1,258,000
-
CHESTER, INC.
INCOME STATEMENTS
FOR YEARS ENDED DECEMBER 31
2015
Revenues
Sales
Sales Returns
Net Sales
Cost of Goods Sold
Gross Profit
Operating Expenses
Freight
Warranty Expense
Advertising Expense
Net Income
271,839,067 $
(12,432,247)
259,406,820
161,029,981
98,376,838
307,716,148
(5,621,979)
302,094,169
176,961,527
125,132,642
4,749,095
1,297,104
1,161,276
5,378,689
1,375,352
1,121,425
235,763
592,335
581,012
5,348,208
111,252
10,435,113
5,875,403
1,045,085
96,220
170,855
58,911
87,140
27,879
1,767,149
3,696,000
1,351,363
18,344,399
504,000
57,535,562
40,841,276
261,218
39,015,418
166,250
5,791,730
100,619
4,506,417
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
21,094,132
91,372,567
33,760,075
1,138,905
142,168
(2,842,147)
17,198,369
1,227,199
147,707
(3,373,056)
38,843,126
255,379
(1,093,750)
(23,965,000)
8,956,704
7,269,540
1,258,000
$
288,876,206 $
(23,110,096)
265,766,109
179,103,248
86,662,862
214,713
3,080,313
617,155
4,870,689
101,319
9,503,406
13,963,800
951,774
87,629
155,600
53,651
79,360
25,390
1,609,368
3,366,000
2,230,705
19,706,506
459,000
67,903,419
18,759,443
Auto Expenses
Research and Development
Depreciation Expense
Warehouse Salaries
Property Tax Expense
Legal and Professional Expense
Bad Debt Expense
Insurance Expense
Maintenance Expense
Utilities
Phone
Postal
Miscellaneous Office Expense
Payroll Tax Exp
Pension/Profit-Sharing Plan Expense
Rent or Lease Expense
Administrative Wages Expense
Bonus expense
Total Operating Expenses
Operating Income
Other Income (Expenses)
Income from Investments
Interest Income
Interest Expense
Loss on Legal Settlement
Income before Income Taxes
Taxes
Income Tax Expense - Federal
Income Tax Expense - State
2013
4,325,068
1,444,381
1,057,591
$
2014
14,142,240
2,503,200
2,956,250
536,250
22,197,686 $
5,464,204
8,670,829
$
Common shares outstanding
8,275,000
8,275,000
8,275,000
Earnings per common share
$1.05
$2.68
$0.66
BALANCE SHEET VERTICAL ANALYSIS
AS OF DECEMBER 31
2015
Assets
Current Assets
Cash on Hand
Regular Checking Account
Savings Account
Investments
Accounts Receivable
Other Receivables
Less: Allowance for Doubtful Accounts
Inventory
Less: Reserve for Inventory Obsolescence
Prepaid Insurance
Prepaid Rent
$
Total Liabilities & Stockholders' Equity
2,484
247,646
3,806,198
715,864
20,513,628
(1,578,525)
23,531,507
(3,765,000)
929,143
250,000
0.01%
0.54%
8.28%
1.56%
44.60%
0.00%
-3.43%
51.16%
-8.19%
2.02%
0.54%
0.01%
97.51%
9,259
44,662,203
0.02%
97.11%
131,040
698,775
3,280,589
(764,692)
3,345,711
0.10%
0.52%
2.44%
-0.57%
0.00%
2.49%
146,250
779,882
541,521
(205,000)
67,301
1,329,955
0.32%
1.70%
1.18%
-0.45%
0.15%
2.89%
134,188,731
100.00%
45,992,157
100.00%
5.24%
12.07%
0.17%
0.01%
0.01%
0.09%
0.04%
0.01%
0.01%
10.53%
0.50%
0.40%
13.07%
38.48%
80.60%
3,205,440
22,488,866
264,513
9,452
12,785
132,256
61,720
9,452
12,785
13,440,000
470,311
504,000
15,250,000
49,731,360
105,592,941
2.39%
16.76%
0.20%
0.01%
0.01%
0.10%
0.05%
0.01%
0.01%
10.02%
0.35%
0.38%
11.36%
37.06%
78.69%
5,791,398
36,838
1,648
730
7,541
3,519
1,648
730
6,000,000
12,500,000
24,344,053
0.00%
12.59%
0.08%
0.00%
0.00%
0.02%
0.01%
0.00%
0.00%
0.00%
0.00%
0.00%
13.05%
27.18%
52.93%
10,131,250
9,278,750
2,856,620
22,266,620
$
2,548
253,960
4,083,071
2,238,634
57,697,091
1,400,000
(1,387,691)
75,851,471
(12,136,103)
2,830,474
-
0.00%
0.19%
3.04%
1.67%
43.00%
1.04%
-1.03%
56.53%
-9.04%
2.11%
0.00%
0.01%
97.51%
9,565
130,843,020
0.11%
0.73%
2.86%
-1.20%
0.00%
2.49%
114,795,391
100.00%
6,011,540
13,850,648
198,384
7,089
9,589
99,192
46,290
7,089
9,589
12,084,720
568,429
459,000
15,000,000
44,177,211
92,528,771
Liabilities & Stockholders' Equity
Current Liabilities
Taxes Receivable/Payable
Accounts Payable
Wages Payable
FICA Employee Withholding
Medicare Withholding
Federal Payroll Taxes Payable
State Payroll Taxes Payable
FICA Employer Withholding
Medicare Employer Withholding
Current Portion Long-Term Debt
Interest payable
Bonuses payable
Dividend payable
Line of Credit
Total Current Liabilities
Stockholders' Equity
Common Stock
Paid-in Capital
Retained Earnings
Total Stockholders' Equity
0.00%
0.21%
3.66%
1.80%
42.72%
1.05%
-2.56%
57.49%
-9.20%
2.32%
0.00%
$
2013
131,040
833,775
3,280,589
(1,381,847)
2,863,556
$
2,599
243,802
4,205,563
2,070,736
49,042,528
1,200,000
(2,942,552)
65,990,780
(10,558,525)
2,667,722
9,182
111,931,835
Office Supplies
Total Current Assets
Long-term Assets
Land
Buildings and Land Improvements
Machinery, Equipment, Office Furniture
Less: Accumulated Depreciation
Other Noncurrent Assets
Total Long-term Assets
Total Assets
2014
8.83%
8.08%
2.49%
19.40%
10,131,250
9,278,750
9,185,791
28,595,791
7.55%
6.91%
6.85%
21.31%
10,131,250
9,278,750
2,238,105
21,648,105
22.03%
20.17%
4.87%
47.07%
114,795,391
100.00%
134,188,732
100.00%
45,992,158
100.00%
$
$
$
$
$
BALANCE SHEET HORIZONTAL ANALYSIS
AS OF DECEMBER 31
Assets
Current Assets
Cash on Hand
Regular Checking Account
Savings Account
Investments
Accounts Receivable
Other Receivables
Less: Allowance for Doubtful Accounts
Inventory
Less: Reserve for Inventory Obsolescence
Prepaid Insurance
Prepaid Rent
Office Supplies
% Change
2015 to 2014
2015
2,599 $
243,802
4,205,563
2,070,736
49,042,528
1,200,000
(2,942,552)
65,990,780
(10,558,525)
2,667,722
-
2,548
253,960
4,083,071
2,238,634
57,697,091
1,400,000
(1,387,691)
75,851,471
(12,136,103)
2,830,474
-
2.00%
-4.00%
3.00%
-7.50%
-15.00%
-14.29%
112.05%
-13.00%
-13.00%
-5.75%
-
9,182
111,931,835
9,565
130,843,020
131,040
833,775
3,280,589
(1,381,847)
2,863,556
$
2014
2013
Liabilities & Stockholders' Equity
Current Liabilities
Taxes Receivable/Payable
Accounts Payable
Wages Payable
FICA Employee Withholding
Medicare Withholding
Federal Payroll Taxes Payable
State Payroll Taxes Payable
FICA Employer Withholding
Medicare Employer Withholding
Current Portion Long-Term Debt
Interest payable
Bonuses payable
Dividend payable
Line of Credit
Total Current Liabilities
Stockholders' Equity
Common Stock
Paid-in Capital
Retained Earnings
Total Stockholders' Equity
Total Liabilities & Stockholders' Equity
$
4.63%
-1.55%
10.49%
189.26%
139.07%
86.41%
180.44%
180.44%
187.12%
-100.00%
-4.00%
-14.45%
9,259
44,662,203
-0.82%
150.62%
131,040
698,775
3,280,589
(764,692)
3,345,711
0.00%
19.32%
0.00%
80.71%
-14.41%
146,250
779,882
541,521
(205,000)
67,301
1,329,955
-10.40%
6.91%
505.81%
574.07%
-100.00%
115.31%
134,188,731
-14.45%
45,992,157
149.60%
3,205,440
22,488,866
264,513
9,452
12,785
132,256
61,720
9,452
12,785
13,440,000
470,311
504,000
15,250,000
49,731,360
105,592,941
87.54%
-38.41%
-25.00%
-25.00%
-25.00%
-25.00%
-25.00%
-25.00%
-25.00%
-10.08%
20.86%
-8.93%
-1.64%
-11.17%
-12.37%
5,791,398
36,838
1,648
730
7,541
3,519
1,648
730
6,000,000
12,500,000
24,344,053
139.16%
438.53%
330.08%
1213.53%
1215.33%
1215.30%
330.08%
1213.53%
150.00%
253.42%
280.09%
10,131,250
9,278,750
2,856,620
22,266,620
$
2,484
247,646
3,806,198
715,864
20,513,628
(1,578,525)
23,531,507
(3,765,000)
929,143
250,000
6,011,540
13,850,648
198,384
7,089
9,589
99,192
46,290
7,089
9,589
12,084,720
568,429
459,000
15,000,000
44,177,211
92,528,771
Total Current Assets
Long-term Assets
Land
Buildings and Land Improvements
Machinery, Equipment, Office Furniture
Less: Accumulated Depreciation
Other Noncurrent Assets
Total Long-term Assets
Total Assets
10,131,250
9,278,750
9,185,791
28,595,791
0.00%
0.00%
-68.90%
-22.13%
10,131,250
9,278,750
2,238,105
21,648,105
0.00%
0.00%
27.64%
2.86%
134,188,732
-14.45%
45,992,158
149.60%
114,795,391
114,795,391
$
$
$
% Change
2015 to 2013
$
$
-
Rating:
/5
Solution: Chester, Inc. Trial Balances for years ending December 31, 2013, 2014, and 2015 Account Description