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    Trend Ratio Quick Fix

    Uploaded by

    ceslesteial

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    © All Rights Reserved
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    Trend Ratio Quick Fix

    Uploaded by

    ceslesteial
    6 views5 pages

    Copyright

    © © All Rights Reserved

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    XLSX, PDF, TXT or read online from Scribd

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    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    6 views5 pages

    Trend Ratio Quick Fix

    Uploaded by

    ceslesteial

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 5

    Quick Fix Services

    Trend Analysis of Comprehensive Income


    For the Years Ended December 31, 2024, 2023, and 2022
    2024 2023 2022 2024/2022 2023/2022
    Sales 5,850,000 4,300,000 3,500,000 167.14% 122.86
    Sales return and allowance 500,000 400,000 400,000 125 100
    Net Sales 5,350,000 3,900,000 3,100,000 172.58 125.81
    Cost of goods sold 2,000,000 1,750,000 1,200,000 166.66 145.83
    Gross Profit 3,350,000 2,150,000 1,900,000 176.31 113.16
    Operating Expenses
    Selling expenses 450,000 350,000 350,000 128.57 100
    General Expenses 350,000 250,000 150,000 233.33 166.66
    Total Operaring Expenses 800,000 600,000 500,000 160 120
    Income from operations 2,550,000 1,550,000 1,400,000 182.14 110.71
    Non-operating Income 300,000 200,000 130,000 230.76 153.85
    Income before interest 2,850,000 1,750,000 1,530,000 186.27 114.38
    expense and taxes
    Interest Expense 250,000 150,000 80,000 312.5 187.5
    Income before taxes 2,600,000 1,600,000 1,450,000 179.31 110.34
    Income taxes (35%) 910,000 560,000 507,500 179.31 110.34
    Net Income 1,690,000 1,040,000 942,500 179.31 110.34

    Quick Fix Services


    Statement of Comprehensive Income
    For the Year ended December 31, 2022
    Sales 3,500,000
    Less: Sales return and allowances 400,000
    Net sales 3,100,000
    Less: Cost of Goods sold 1,200,000
    Gross Profit 1,900,000
    Less: Operating Expenses
    Selling Expenses 350,000
    General Expenses 150,000 500,000
    Income from Operation 1,400,000
    Add: Non-operating Income 130,000
    Income Before Interest and expense 1,530,000
    Less: Interest Expense 80,000
    Income before tax expense 1,450,000
    Less: Income taxes (35%) 507,500
    Net Income 942,500
    Quick Fix Services
    Statement of Comprehensive Income
    For the Year ended December 31, 2023
    Sales 4,300,000
    Less: Sales return and allowances 400,000
    Net sales 3,900,000
    Less: Cost of Goods sold 1,750,000
    Gross Profit 2,150,000
    Less: Operating Expenses
    Selling Expenses 350,000
    General Expenses 250,000 600,000
    Income from Operation 1,550,000
    Add: Non-operating Income 200,000
    Income Before Interest and expense 1,750,000
    Less: Interest Expense 150,000
    Income before tax expense 1,600,000
    Less: Income taxes (35%) 560,000
    Net Income 1,040,000

    Quick Fix Services


    Statement of Comprehensive Income
    For the Year ended December 31, 2024
    Sales 5,850,000
    Less: Sales return and allowances 500,000
    Net sales 5,350,000
    Less: Cost of Goods sold 2,000,000
    Gross Profit 3,350,000
    Less: Operating Expenses
    Selling Expenses 450,000
    General Expenses 350,000 800,000
    Income from Operation 2,550,000
    Add: Non-operating Income 300,000
    Income Before Interest and expense 2,850,000
    Less: Interest Expense 250,000
    Income before tax expense 2,600,000
    Less: Income taxes (35%) 910,000
    Net Income 1,690,000
    2022
    100
    100
    100
    100
    100

    100
    100
    100
    100
    100
    100

    100
    100
    100
    100
    Quick Fix Services
    Trend Analysis of Comprehensive Income
    For the Years Ended December 31, 2024, 2023, and 2022
    2024 2023 2022 2024/2022 2023/2022
    Sales 585,000 430,000 350,000 167.14% 122.86
    Sales return and allowance 50,000 40,000 40,000 125 100
    Net Sales 535,000 390,000 310,000 172.58 125.81
    Cost of goods sold 200,000 175,000 120,000 166.66 145.83
    Gross Profit 335,000 215,000 190,000 176.31 113.16
    Operating Expenses
    Selling expenses 45,000 35,000 35,000 128.57 100
    General Expenses 35,000 25,000 15,000 233.33 166.66
    Total Operaring Expenses 80,000 60,000 50,000 160 120
    Income from operations 255,000 155,000 140,000 182.14 110.71
    Non-operating Income 30,000 20,000 13,000 230.76 153.85
    Income before interest 285,000 175,000 153,000 186.27 114.38
    expense and taxes
    Interest Expense 25,000 15,000 8,000 312.5 187.5
    Income before taxes 260,000 160,000 145,000 179.31 110.34
    Income taxes (35%) 91,000 56,000 50,750 179.31 110.34
    Net Income 169,000 104,000 94,250 179.31 110.34

    Quick Fix Services


    Statement of Comprehensive Income
    For the Year ended December 31, 2022
    Sales
    Less: Sales return and allowances
    Net sales
    Less: Cost of Goods sold
    Gross Profit
    Less: Operating Expenses
    Selling Expenses
    General Expenses
    Income from Operation
    Add: Non-operating Income
    Income Before Interest and expense
    Less: Interest Expense
    Income before tax expense
    Less: Income taxes (35%)
    Net Income
    2022
    100
    100
    100
    100
    100

    100
    100
    100
    100
    100
    100

    100
    100
    100
    100

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