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NuCo Inc.

NuCo Inc. An Overview of NuCo Inc.’s Financial Statements for December 31, 2001. A little background …. NuCo Inc. is a leader in photographic restorations. NuCo Inc. is a company that restores old photos and films

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NuCo Inc.

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  1. NuCo Inc. An Overview of NuCo Inc.’s Financial Statements for December 31, 2001

  2. A little background… • NuCo Inc. is a leader in photographic restorations. • NuCo Inc. is a company that restores old photos and films • This company also provides frames for its customers and provides quality service.

  3. A “Sneak Peek” at Nuco’s Income Statement • Total Revenue = $52,000 • Gross Margin = $46,100 • Net Operating Income = $21,960

  4. Cash = $52,360 Accounts Receivable = $7,000 Inventory = $1,000 Prepaid Expenses = $1,000 Land = $40,000 Building = $60,000 This year’s Assets Current Assets: Long-term Assets:

  5. NuCo Inc. Financial Statements Some of our expenses were as follows: Total Operating Expenses added up to$9,000 The Cash Outflow Expenses totaled to equal $32,140 At NuCo Inc., we had a successful year. Our year end results were…  Cash ending balance of $52,360  Total Assets that added to $161,360 A total Gross Margin of $46,100

  6. A Look Into the Future.. • NuCo Inc. is an efficient and outstanding new company. • This year is the first time that its financial statements are being prepared. • Next year, hopefully, the financial statements will have improved and we will have an even more productive year. • Help us so that we can serve you!

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