-28-
1989 13,956,580 3,120,759 10,835,821
Petitioner's current asset to current liability ratios were
4.36 for fiscal year 1987, 4.65 for fiscal year 1988, and 4.47
for fiscal year 1989.
Petitioner's retained earnings increased from $8,810,568 to
$16,796,904 from March 31, 1982, to March 31, 1989, as follows:
RETAINED EARNINGS AND SUPER TRUST FUNDS
Book (1) (2)
beginning Book Super (3)
retained ending Trust Total of
Year earnings Additions Deductions retained funds (1) and
earnings (2)
1982 $7,913,088 $897,480 0 $8,810,568 0 N/A
1983 8,810,568 1,736,844 $299,421 10,247,991 0 N/A
1984 10,247,991 557,073 100,057 10,705,007 0 N/A
1985 10,705,0071,756,614 99,966 12,361,655 0 N/A
1986 12,361,6551,045,393 200,056 13,206,992 0 N/A
1987 13,206,9921,095,848 756,733 13,546,107 0 N/A
1988 13,546,1072,596,370 3,777,914 12,364,563$3,677,911 $16,042,47
4
1989 12,364,563 887,555 1,609,867 11,642,2515,154,65316,796,904
6. Petitioner's Bardahl Calculations
Petitioner estimated its working capital needs in the
capital reports at each of the year-end meetings. Petitioner did
not use the Bardahl11 formula to calculate its working capital
11 Bardahl Manufacturing Corp. v. Commissioner, T.C. Memo.
1965-200.
Page: Previous 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 NextLast modified: May 25, 2011