14 



BULLETIN 381, U. S. DEPAKTMENT OF AGRICULTURE, 



Form 7.— MANAGER'S REPORT— Continued. 

 Part III.— EXHIBITS— Continued. 



B Accounts Receivablo 



C Bills Receivable and Accrued Interest 



D Stock Notes Receivable and Accrued Interest 



E Merchandise Inventory 



F OfHce Supplies Inventory 



G Furniture & Fixtures Inventory 



H Accounts Payable 



I Bills Payable and Accrued Interest 



J Capital Stock 



Form 8.— COMPARATIVE STATEMENT. 



Year. 



Sales. 



Per cent 

 expense. 



Per cent 



salary 



and 



labor. 



Per cent 



net 

 profit. 



Per cent 

 gross 

 profit. 



Average 

 inven- 

 tory. 



Stock 

 turns. 



Surplus. 



Per cent 

 dividend. 



1910 

 1911 

 1912 

 1913 

 1914 

 1915 



67,074 

 70,300 

 79,503 



101, 600 

 96,300 



111,200 



12.2 

 12.1 

 11.4 

 11.3 

 12.3 

 11.9 



7.8 

 7.5 

 7.2 

 6.9 

 8.0 

 7.4 



4.0 

 4.9 

 6.5 

 8.1 

 8.0 

 10.1 



16.2 

 17.0 

 17.9 

 19.4 

 20.3 

 22.0 



16,060 

 15,350 

 15,940 

 18,630 

 17,870 

 17,190 



3.5 

 3.8 

 4.1 

 4.4 

 4.3 

 5.1 



2,010 



4,800 



8,300 



13,400 



18,200 



24,900 



2 

 2 

 3 

 5 

 5 

 6 



Form 9.— INVENTORY. 



Sheet No. 15. Date Dec. 31, 191^. Folio S9. 

 Called by W. J. DepaTtmemUGroceries. Priced by L. D. 

 Entered by /. ^ . Extended by W. J. 



Examined by £. W. 





Quantity. 



Item. 



Price. 



Extension. 





BOsks 



Phillips Best 



l.ZO 







60 



























































STATEMENTS AND REPORTS. 



The by-laws of cooperative associations usually specify a number 

 of reports to be submitted at stated intervals by the officers to the 

 board or to the association. Nothing will establish a greater degree 

 of confidence than full, accurate, and regular publicity. The rec- 

 ords outlined in the following pages satisfy all these requirements, 

 if properly kept up. They enable the manager to furnish information 

 at a moment's notice on every phase of the business; they contain 

 double-entry checks sufficient to insure protection against errors and 

 negligence; and, if the mstructions are faithfully carried out, there 

 is no reason why any reasonable demand on the bookkeeper for infor- 



