Baker’s Pride Bakery Condensed data from the company’s curr…
Questions
Bаker's Pride Bаkery Cоndensed dаta frоm the cоmpany's current year and prior year financial statements are presented below. The figures are expressed in thousands. Statement A Current year Prior year Assets: Total current assets $219,560 $198,088 Property, plant, & equipment (net of accumulated depreciation) 18,320 13,996 Investments 3,370 1,167 Other assets 12,220 11,667 Total assets $253,470 $224,918 Liabilities: Total current liabilities $ 92,990 $ 95,260 Long-term debt 15,160 22,172 Total liabilities $108,150 $117,432 Stockholders' equity: Contributed capital $ 53,680 $ 35,475 Retained Earnings 91,640 72,011 Total stockholders' equity $145,320 $107,486 Total liabilities & stockholders' equity $253,470 $224,918 Statement B Current year Prior year Net Sales $229,301 $203,171 Cost of sales 135,453 131,212 Gross margin $ 93,848 $ 71,959 Selling, general, and administrative expenses 64,832 57,442 Other income (expense) 693 (130) Income (loss) before income taxes $ 29,709 $ 14,387 Income tax expense 3,534 2,320 Net income (loss) $ 26,175 $ 12,067 How much of the company is financed by the owners at the end of the current year?