Essay About Trade Accounts Receivables And Payroll Taxes

American Greetings
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American Greetings MIDTERM
Balance Sheet (1986 – 1990)
1990
Assets
Current Assets
Cash and Equivalents
$26,853
$17,225
$36,534
$94,292
$122,669
Trade Accounts Receivables, Less Allowances for Sales Returns and Doubtful Accounts
240,471
284,135
278,559
242,582
254,285
Inventories
Raw Material
59,343
56,057
56,122
48,478
51,075
Work in Process
60,179
69,668
61,406
51,625
42,139
Finished Products
181,237
202,412
245,801
197,618
208,918
300,759
328,137
363,329
297,721
302,132
Less LIFO Reserve
76,552
75,392
77,274
83,017
85,226
224,207
252,745
286,055
214,704
216,906
Display Material and Factory Supplies
26,826
29,770
30,299
25,192
25,408
Total Inventories
251,033
282,515
316,354
239,896
242,314
Deferred Income Taxes
36,669
26,593
39,935
49,542
51,315
Prepaid Expenses and Other
6,228
9,679
8,672
11,020
10,362
Total Current Assets
561,254
620,147
680,054
637,332
680,945
Other Assets
47,085
89,488
95,752
92,285
107,788
7,523
7,956
7,548
6,471
6,229
Buildings
165,241
183,481
223,491
216,545
215,458
Equipment and Fixtures
222,718
269,644
319,353
340,233
354,979
395,482
461,081
550,392
563,249
576,666
Less Accumulated Depreciation & Amortization
130,519
148,097
175,917
205,246
224,383
PP&E (net)
264,963
312,984
374,475
358,003
352,283
Total Assets
$873,302
$1,022,619
$1,150,281
$1,087,620
$1,141,016
Liabilities and Shareholders Equity
Current Liabilities
Notes Payable to Banks
$15,921
$25,092
$13,956
$17,201
$36,524
Accounts Payable
66,685
69,175
98,270
79,591
75,146
Payrolls and Payroll Taxes
28,675
31,230
33,759
38,839
10,878
Retirement Plans
11,697
10,966
4,148
8,573
10,878
State and Local Taxes
2,763
3,056
Dividends Payable
5,317
5,343
5,338
5,311
5,281
Income Taxes
18,988
13,782
6,693
6,430
Sales Returns
23,889