The following information is computed from Katy Inc.'s annual
report for 2018.
2018
2017
Current assets
$ 2,731,020
$ 2,364,916
Property and equipment, net
10,960,286
8,516,833
Intangible assets, at cost less applicable
amortization
294,775
255,919
$13,986,081
$11,137,668
Current liabilities
$ 3,168,123
$ 2,210,735
Deferred federal income taxes
160,000
26,000
Mortgage note payable
456,000
-
Stockholders' equity
10,201,958
8,900,933
$13,986,081
$11,137,668
Net sales
$33,410,599
$25,804,285
Cost of goods sold
(30,168,715)
(23,159,745)
Selling and administrative expense
(2,000,000)
(1,500,000)
Interest expense
(216,936)
(39,456)...