Company Balance Sheet
Snapshot of our financial position as of December 31, 2020.
Balance Sheet
December 31, 2018
| Assets | Liabilities | ||
|---|---|---|---|
| Cash | $40,000.00 | Accounts Payable | $150,000.00 |
| Marketable Securities | $50,000.00 | Notes Payable | $70,000.00 |
| Accounts Receivable | $320,000.00 | Total Current Liabilities: $220,000.00 | |
| Inventory | $250,000.00 | Long Term Debt | $440,000.00 |
| Total Current Assets: $220,000.00 | Owner’s Equity: $550,000.00 | ||
| Fixed Assets | $550,000.00 | ||
| Total Assets: $1,210,000.00 | Total Liabilities and Owner’s Equity: $1,210,000.00 | ||
Financial Health Insights
With a strong asset base and low debt-to-equity ratio, our financial position at the end of 2020 suggests robust financial health and liquidity. Strategic allocation of retained earnings further strengthens future projections.