ANALYSIS OF BIG FALLS MUNICIPAL LIQUOR STORE
DECEMBER 31, 2011
OPERATING STATEMENT
Operating Revenues
   Sales   $   305,593.00
   Cost of Sales      165,325.00
      Gross Profit on Sales      140,268.00
   Miscellaneous      8,864.00
      Total Operating Revenues      149,132.00
      Gross Profit as % of Sales      45.90%
Operating Expenses
   Salaries & Wages      85,837.00
   Utilities      14,856.00
   Telephone      1,095.00
   Administrative Expenses      2,644.00
   Operating Supplies/Equipment      2,751.00
   Repairs and Maintenance      1,562.00
   Insurance      8,864.00
   Dues & Licenses      929.00
   Depreciation      4,925.00
   Advertising and Promotion      3,315.00
   Miscellaneous      1,617.00
      Total Operating Expenses      128,395.00
      Operating Income (Loss)      20,737.00
Nonoperating Revenues (Expenses)
   Interest Income      1,642.00
      Total Nonoperating Revenues (Expenses)      1,642.00
   Net Income (Loss) Before Transfers      22,379.00
   Transfers Out      7,500.00
   NET LOSS AFTER TRANSFERS   $   14,879.00
BALANCE SHEET
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ASSETS
   Current Assets
      Cash   $   86,004.00
      Investments      51,308.00
      Inventory      19,314.00
       Total Current Assets      156,626.00
   Capital Assets
      Plant and Equipment      171,235.00
      Less: Accumulated Depreciation      (87,256.00)
        Capital Assets, Net      83,979.00
TOTAL ASSETSÂ Â Â Â Â Â 240,605.00
LIABILITIES
   Accounts Payable      2,709.00
   Accrued Wages      3,250.00
TOTAL LIABILITIESÂ Â Â Â Â Â 5,959.00
TOTAL NET ASSETSÂ Â Â $Â Â Â 234,646.00
The Journal
March 24, 2012
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