Balance Sheet Example

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The balance sheet is one of four standard financial statements and is a summary of a company’s financial position at a given point in time. The balance sheet normally is broken down into three main elements assets, liabilities, and net equity to show what the company owns and owes on that date.

Balance Sheet Example

[CompanyName]			Balance Sheet
		Date:

Assets		2008	2007
*Current Assets*
	Cash	11,874
	Accounts receivable
	Inventory
	Prepaid expenses
	Short-term investments
Total current assets		11,874	-
*Fixed (Long-Term) Assets*
	Long-term investments	1,208
	Property, plant, and equipment	15,340
	(Less accumulated depreciation)	(2,200)
	Intangible assets
Total fixed assets		14,348	-
*Other Assets*
	Deferred income tax
	Other
Total Other Assets		-	-

Total Assets		26,222	-

Liabilities and Owner's Equity
*Current Liabilities*
	Accounts payable	8,060
	Short-term loans
	Income taxes payable	3,145
	Accrued salaries and wages
	Unearned revenue
	Current portion of long-term debt
Total current liabilities		11,205	-
*Long-Term Liabilities*
	Long-term debt	3,450
	Deferred income tax
	Other
Total long-term liabilities		3,450	-
*Owner's Equity*
	Owner's investment	7,178
	Retained earnings	4,389
	Other
Total owner's equity		11,567	-

Total Liabilities and Owner's Equity		26,222	-
			[42]
Common Financial Ratios
Debt Ratio (Total Liabilities / Total Assets)		0.56
Current Ratio (Current Assets / Current Liabilities)		1.06
Working Capital (Current Assets - Current Liabilities)		669	-
Assets-to-Equity Ratio (Total Assets / Owner's Equity)		2.27
Debt-to-Equity Ratio (Total Liabilities / Owner's Equity)		1.27

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