Georgia State University

FI 4020

Income Statements 2003 2004 2005 Fee revenues 287,281 600,308 812,987 Services Expenses Dental Supplies 26,291 40,508 62,715 Equipment leasing 19,456 52,582 52,582 Laboratory fees 186 10,636 21,626 Gross Profit 241,348 496,582 676,064 Operating expenses Associate fees 40,098 106,486 166,727 Salaries & benefits 39,008 93,868 127,703 General & office 9,051 14,193 17,420 Rent & utilities 29,428 38,500 42,441 Promotion & entertainment 794 8,172 10,775 Automobile expenses 1,337 3,677 5,104 Telephone 4,697 1,251 11,187 Professional fees 5,755 3,294 5,910 Amortization 8,687 10,484 14,872 Professional development 2,021 406 2,913 Insurance 849 1,612 2,778 Licenses, fees & dues 1,282 2,685 1,843 Bad debts (recovered) 339 17,939 (3,647) Operating profit 98,002 194,015 270,038 Interest and bank charges 13,579 7,015 5,630 Net Income before taxes 84,423 187,000 264,408 Net income 84,423 187,000 264,408 Total expenses 202,858 413,308 548,579 Divident Pay Out 153,317 254,312 Balance Sheets 2003 2004 2005 Cash - - 4,067 Accounts receivable 29,528 41,248 46,942 Inventory 2,677 5,296 6,366 Prepaid expenses - - 1,646 Total current assets 32,205 46,544 59,021 Fixed assets 36,408 60,625 69,834