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Apple Blossom Cologne Company Common Size Financial Statement Desember 31, 2003

The document is a common size financial statement for Apple Blossom Cologne Company for the years ending December 31, 2002 and December 31, 2003. Some key points: - Net sales increased slightly from $3.88 million (99.24% of gross sales) in 2002 to $4.24 million (99.23% of gross sales) in 2003. - Gross margin remained relatively steady at 58.36% and 58.44% of gross sales for 2002 and 2003 respectively. - Total operating expenses increased from 48.17% to 48.81% of gross sales for 2002 and 2003 respectively, with increases in areas like advertising, professional fees, and freight expenses. -

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348 views1 page

Apple Blossom Cologne Company Common Size Financial Statement Desember 31, 2003

The document is a common size financial statement for Apple Blossom Cologne Company for the years ending December 31, 2002 and December 31, 2003. Some key points: - Net sales increased slightly from $3.88 million (99.24% of gross sales) in 2002 to $4.24 million (99.23% of gross sales) in 2003. - Gross margin remained relatively steady at 58.36% and 58.44% of gross sales for 2002 and 2003 respectively. - Total operating expenses increased from 48.17% to 48.81% of gross sales for 2002 and 2003 respectively, with increases in areas like advertising, professional fees, and freight expenses. -

Uploaded by

Lintang Utomo
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Apple Blossom Cologne Company

Common Size Financial Statement


Desember 31, 2003

CODE ACCOUNT Per Audit 12 2002 Percent of Per Audit 12 2003 Percent of
Des 2002 Gross Sales Des 2003 Gross Sales

701 Sales 3,906,577 100% 4,272,623 100%


703 Sales return and allowances - 29,820 -0.76% - 33,051 -0.77%
Net Sales 3,876,757 99.24% 4,239,572 99.23%

801 COGS 1,596,800 40.87% 1,742,503 40.78%


Gross Margin 2,279,957 58.36% 2,497,069 58.44%

820 Wages and Salary Expense 1,528,700 39.13% 1,618,643 37.88%


821 Payroll Tax Expense 129,959 3.33% 128,033 3.00%
822 Depreciation expense 64,422 1.65% 80,459 1.88%
823 Rent expense 3,750 0.10% 3,750 0.09%
824 Office supplies expense 9,683 0.25% 12,380 0.29%
825 Small tools expense 3,359 0.09% 6,419 0.15%
826 Advertising expense 12,714 0.33% 44,934 1.05%
827 Insurance 28,930 0.74% 32,765 0.77%
828 Repairs and maintenance 17,869 0.46% 14,240 0.33%
829 Property tax 14,113 0.36% 21,988 0.51%
830 Utilities 11,742 0.30% 14,760 0.35%
831 Proffesional fees 13,347 0.34% 37,140 0.87%
832 Miscellaneous expense 494 0.01% 825 0.02%
833 Provision for bad debt 11,156 0.29% 22,790 0.53%
834 Freight expense 31,641 0.81% 46,310 1.08%
Total operating expenses 1,881,879 48.17% 2,085,436 48.81%
Net income from operations 398,078 10.19% 411,633 9.63%

Other Income (Expense)


901 Interest expense - 27,500 -0.70% - 21,146 -0.49%
910 Gain (loss) sale of investments - 0.00% 25,975 0.61%
920 Income from investments 9,379 0.24% 7,393 0.17%
930 Gain (loss) sale of fixed assets 18,638 0.48% - 15,270 -0.36%
950 Miscellaneous income - 0.00% 10,000 0.23%
Net other income 517 0.01% 6,952 0.16%
Net income before taxes 398,595 10.20% 418,585 9.80%
940 Federal income taxes 123,772 3.17% 100,000 2.34%
Net income 274,823 7.03% 318,585 7.46%

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