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WORKING CAPITAL MANAGEMENTIncome Statement for the Ended 6 MonthsBalance Sheet For the Ended 6 Months$Dec-17Jun-18Dec-17Jun-18Revenues190,000285,000Current AssetsCost of goods sold-143,000-215,000Cash9,0004,000Gross Profit47,00070,000A/R12,50016,000Operating expensesInventory28,00041,000Selling expenses19,00028,500Prepaid expenses1,0001,500G&A expenses20,00021,000Total C.A50,50062,500Depreciation4,50010,000Total Op. Exp.43,50059,500Earning before interest & tax3,50010,500Interest expense3,0006,100Earning before tax5004,400Taxes1751,540Net income3252,860WORKING CAPITAL MANAGEMENTIncome Statement for the Ended 6 MonthsBalance Sheet For the Ended 6 Months$Dec-17Jun-18Dec-17Jun-18Revenues190,000285,000Current AssetsCost of goods sold-143,000-215,000Cash9,0004,000Gross Profit47,00070,00...
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