INDUSTRIALS
COMPARATIVE BALANCE SHEET, As of Dec. 31
1929
649,321
163,023
265,200
51,600
$40,266
9,181
150,000
ASSETS—
Land and Buildings......... .. RRR EAR een
{.easehold Improvements ... emeeesemeeeeseesmseonamemeensemesemons
Furniture, Fixtures, etc. ..... een emeeemeenemaeaeanieeane amen
Deferred CHASES ..ccmsmumn + soesvesy iwsmssssssusnsy sow 8 seve ——
Other Receivables—P-~rtia’ =~ Secured................ccoooooimiirimenee.
Investments ....... . ee emeteeeeeeeeeeaaem cea eeema—n
Sheet Music Copyrigh:s.... em ————-
Current Asset:
CaS iii icicieee rimeeoenaan
Accounts Receivable ......
Inventory ...
TTRAFS
3,08,
1.584.9¢(
385
1928
555,299
"7295
171
- A a
2
ne
Total Current Assets.......
TOTAL ASSETS ..
“7 400.
32
LIABILITIES
Prior Preferred Stock.......... earn eeerneneeainneeneanneannnennn 3 2,285,400
Proferred BLOCK .ouummmmemimmm mmm i sms sss seis de + 739,000
COMMON STOCK coi eemecceeceeceeeeeee ees e rene eam ee snneesnnns “77.000
Capital Surplus ................. eee meee anemone amen 104
Earned BurPlus cco mmbnariiiitsitienntatomebibnnmmnnsbiniin thiamin 539
Contingent Com. and SalariesS.............ocooiviiiiiieceaees oe. 180
Due Bills Payable in Mdse. ... eee een L629
Mortgage, Seattle Property....... i. -. no 000
Current Liabilities:
NoLEs £0 BANE omscummo sms sos sis vs Sie Er Tr ECR ETRE YS EYRE TAS
Notes Payable——OthersS o.oo eee eee meee
Accounts Payable ..ceeennaennnen eee eae amen anan
Dividends Payable ............ momma mm ela mil mame pe em
Total Current Liabilities ._
2,635,400
1,739,000
© 000,000
258,447
“3,621
69,251
"000
S08
983
£119
7a0 Q12
TOTAL LIABILITIES ....
Net Working Capital... ummmarenmmrmmsssovasimsseses
Ratio Current Assets to Current Liabilities.........
Book Value Common shares......
“632
re'"55
+.33:1
.32.60
SKAGIT COUNTY DAIRYMEN'S ASSO.
GENERAL OFFICE: Burlington, Wash.
BRANCH OFFICE: Mt. Vernon, Wash.
HISTORY: Incorporated under laws of Washington, Dec. 20, 1916. In 1919
built condensary at Burlington, Wash. On Nov. 1, 1923, Federal Condensed Milk
Co. plant at Mt. Vernon, Wash., was taken over.
BUSINESS: Manufacturing dairy products. Principal products: Evaporated
milk, butter, milk powder and cheese.
PROPERTY & PLANTS: Association owns condensaries at Burlington and Mt.
Vernon, Wash.; owns and operates a fleet of 40 trucks which are used for pick-
ing up the milk at the various members’ farms, delivery of sales in the country
and delivery of milk to Seattle for the bottled milk trade.
SUBSIDIARIES: Skagit Agricultural Credit Corp. organized Mar. 1, 1929, cap-
ital $10,000. Acts as discounting corporation, loaning funds to dairymen from
Federal Intermediate Credit Bank.
OFFICERS: P. A. Cornelius, Gen. Mgr.; W. J. Knutzen, Pre. , 1. Harrison,
Vice Pres.; S. M. Butler, Sec’y.-Treas.
IRPOrORS: W. J. Knutzen. J. M. Harrison, S. M. Butler, Emil Wersen. J. G.
reen. i
GENERAL COUNSEL: Thomas Smith, Mt. Vernon, Wash
GENERAL AUDITORS: 2R..C. Mounsey & Co., Seattle, Wa...
Fiscal Year Ends: Dec. 51. Annual Meeting: 4th Fri. in lau
Number of Employees: 150.
CAPITALIZATION, As of Dee. 31, 1929
Par Value Authorized
cereeneee $10 3.000 shs
AJLANCEK SHE TRT
EC
Common Stoel
L
A QQERYT
As of Dec. 31, 1929
LIABILITIES
Accounts Payable ........o..............3113,715
Accrued Interests and Taxes... 19,021
Other Accrued Items 868
Funded Debt . 83,5683
Capital Stock ....... 25,630
Stock Subscriptions _...._.. 372
Redemption Certificates .._......... 1,909
Rurplus aoe. ceeneeneeeeenee 273.766
TOTAL, LIARIL.ITIES 1988 864
CASN. soaumrsmimisimritnmmmmsessommesnommess- 3. 30,500
Accts. & Notes Receivable....... 134,231
Chattel Mtge. Loans........ eee 9,086
Dividends Receivable 7,519
Inventories ................_.. “1,338
Plant & Equipment. . 204,694
Investments .....ooooomeeicieoreeeriennnee 422,379
Ne "arred Charges oooeeveeeeeeeeeeeo.. 23.049
TOTAL, ASSETS o......8988.864
