2006 2005 2004
Sales $444,000 $340,000 $236,000
Cost of goods sold 267,288 212,500 151,040
Gross profit from sales $176,712 $127,500 $84,960
Selling expenses $62,694 $46,920 $31,152
Administrative expenses 40,137 29,920 19,470
Total expenses $102,831 $76,840 $50,622
Income before taxes 73,881 50,660 34,338
State and federal income taxes 13,764 10,370 6,962
Net income $60,117 $40,290 $27,376
BENNINGTON COMPANY
Comparative Balance Sheets ($000)
December 31, 2006, 2005, and 2004
2006 2005 2004
Assets
Current assets $48,480 $37,924 $50,648
Long-term investments - 500 3,720
Plant and equipment 90,000 96,000 57,000
Total assets $138,480 $134,424 $111,368
Liabilities and Stockholders' Equity
Current liabilities $20,200 $19,960 $19,480
Common stock 72,000 72,000 54,000
Other contributed capital 9,000 9,000 6,000
Retained earnings 37,280 33,464 31,888
Total liabilities and equity $138,480 $134,424 $111,368
Check figure:
(3) 2006, Total assets trend 124.34%
Current Ratios
Assets Liabilities Ratio
December 31, 2006:
December 31, 2005:
December 31, 2000:
BENNINGTON COMPANY
Common-Size Comparative Income Statement
For Years Ended December 31, 2006, 2005, and 2004
2006 2005 2004
Sales
Cost of goods sold
Gross profit from sales
Selling expenses
Administrative expenses
Total expenses
Income before taxes
State and federal income taxes
Net income
BENNINGTON COMPANY
Balance Sheet Data in Trend Percentages
December 31, 2006, 2005, and 2004
2006 2005 2004
Assets
Current assets
Long-term investments
Plant and equipment
Total assets
Liabilities & Stockholders' Equity
Current liabilities
Common stock
Other contributed capital
Retained earnings
Total liabilities and equity
Part 4: Comment on any significant relations revealed
by the ratios and percents computed.
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