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Science & TechnologySurface Water Standards & GuidanceWater Quality StandardsEconomicsPolicy & Guidance: Exhibit 3-3
Science & TechnologySurface Water Standards & GuidanceWater Quality StandardsEconomicsPolicy & Guidance: Exhibit 3-3Policy & Guidance: Exhibit 3-3
Interim Economic Guidance for Water Quality Standards
| XYZ, inc. CONSOLIDATED BALANCE SHEETS SEPTEMBER 30, 1988 AND 1987 |
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| 1988 | 1987 | ||
| ASSETS | Current Assets: | ||
| Cash and cash equivalents | $ 2,944,964 | $ 1,459,475 | |
| Cash investments | 2,244,061 | 3,369,289 | |
| Trade receivables - less allowance for doubtful accounts: 1988, $85,352; 1987, $135,353 | 5,025,964 | 4,171,421 | |
| Inventories | 4,109,264 | 3,335,251 | |
| prepaid expenses and other | 725,964 | 122,370 | |
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Total current assets |
15,050,217 |
12,457,806 |
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Property, Plant and Equipment: |
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| Land | 356,217 | 296,217 | |
| Buildings and Improvements | 5,476,155 |
4,837,392 |
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| Machinery and equipment | 2,160,671 |
1,546,476 |
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| Transportation equipment | 1,866,005 |
1,705,107 |
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| Office furniture and equipment | 463,750 |
483,769 |
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| Total | 10,322,798 |
8,868,961 |
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| Less accumulated depreciation | 4,705,580 |
4,207,598 |
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| Property - net |
5,617,218 |
4,661,363 |
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Other Assets: |
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| Intangible assets - less accumulated amortization: 1988, $197,437; 1987, $239,281 |
226,728 |
252,884 |
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| Insurance trust | 1,122,796 | 1,066,964 | |
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Other |
89,287 | 77,778 | |
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Total other assets
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1,438,811 |
1,397,626 |
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| Total |
$22,106,246 |
$18,516,795 |
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| LIABILITIES AND SHAREHOLDERS' EQUITY | Current Liabilities: | ||
| Current portion of long-term debt | $ 17,902 | $ 32,405 | |
| Accounts payable - trade | 5,049,234 | 2,686,669 | |
| Accrued income taxes | 21,400 | ||
| Accrued payroll and employee benefits | 681,369 | 678,752 | |
| Container deposits | 1,054,373 | 1,199,263 | |
| Other accruals | 198,477 | 178,736 | |
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Total current liabilities |
7,001,355 |
4,797,225 |
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| Long-term debt | 53,706 | 71,608 | |
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| Deferred income taxes | 249,900 | 242,200 | |
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| Shareholders' Equity: | |||
| Common stock - authorized 4,000,000 shares of $.05 par value, issued: 1988, 3,592,673; 1987, 3,268,337 |
179,634 | 163,417 | |
| Additional paid-in capital | 14,671,885 | 12,084,817 | |
| Retained earnings (deficit) | (50,234) | 1,157,528 | |
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Total shareholders' equity |
14,801,285 |
13,405,762 |
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| Total | $22,106,246 | $18,516,795 | |
| See accompanying Notes to Financial Statements | |||