Art's Way Manufacturing (ARTW) Balance Sheet

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Cash
Accounts receivable-customers, net of allowance for doubtful accounts of $67,081 and $114,834 in 2011 and 2010, respectively	2.7M
Inventories, net	13.67M
Deferred taxes
Cost and Profit in Excess of Billings
Other current assets	272.87K
Total current assets	19.22M
Property, plant, and equipment, net	7.41M
Assets held for lease, net
Covenant not to Compete, net
Goodwill	375K
Total assets	28.98M
Notes payable to bank
Current portion of term debt	1.85M
Accounts payable	1.12M
Customer deposits	62.17K
Billings in Excess of Cost and Profit
Accrued expenses	944.03K
Income taxes payable
Total current liabilities	7.71M
Deferred taxes	793.83K
Term debt, excluding current portion	1.53M
Total liabilities	10.66M
Common stock – $0.01 par value. Authorized 5,000,000 shares; issued and outstanding 4,023,852 and 4,008,352 shares in 2011 and 2010	41.09K
Additional paid-in capital	2.74M
Retained earnings	15.55M
Total stockholders’ equity	18.33M
Total liabilities and stockholders’ equity	28.98M

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