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    Perry's Carpentry - Template

    Uploaded by

    kirisugutokisada

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd

    Perry's Carpentry - Template

    Uploaded by

    kirisugutokisada
    4 views8 pages

    Original Title

    Perry's Carpentry_Template

    Copyright

    © © All Rights Reserved

    Available Formats

    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
    4 views8 pages

    Perry's Carpentry - Template

    Uploaded by

    kirisugutokisada

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 8

    Perry's Carpentry

    Comparative Income Statement


    For the years ended December 31, 2016, 2015
    Increase (+) Decrease (-)
    2016 2015 $'s %
    Sales $ 152,500 $ 133,400
    Sales Returns and Allowances 2,900 2,040
    Net Sales 149,600 131,360

    Cost of Goods Sold 105,200 88,540


    Gross Profit 44,400 42,820

    Operating Expenses
    Advertising 1,530 1,400
    Wages and Salaries 10,700 11,590
    Auto expense 2,030 1,970
    Depreciation 1,070 1,240
    Telephone 1,390 1,110
    Utilities 1,450 1,370
    Insurance 1,110 965
    Interest & Bank Charges 4,510 4,380
    Total Operating Expenses 23,790 24,025
    Net income 20,610 18,795
    Perry's Carpentry
    Comparative Balance Sheet
    As at December 31, 2016, 2015
    Increase (+) Decrease (-)
    2016 2015 $'s %
    Current Assets
    Cash $ 7,400 $ 4,670
    Accounts Receivable 3,360 3,510
    Inventory 23,100 21,000
    Prepaid Expenses 300 200
    Total Current Assets 34,160 29,380
    Capital Equipment
    Office Equipment 5,600 4,570
    Vehicles 40,100 15,000
    Land 50,000 50,000
    Building 120,000 120,000
    Total Capital Equipment 215,700 189,570
    Total Assets 249,860 218,950

    Current Liabilities
    Accounts Payable 1,760 2,010
    Total Current Liabilities 1,760 2,010
    Long-Term Liabilities
    Long-term bank loan 21,400 -
    Mortgage Payable 54,000 64,850
    Total Long-Term Liabilities 75,400 64,850
    Total Liabilities 77,160 66,860

    G. Perry, Capital 172,700 152,090


    Total Liabilities and Owner's Equity 249,860 218,950
    Perry's Carpentry
    Comparative Income Statement
    For the years ended December 31, 2016, 2015
    2016 2015
    Revenue
    Sales 152,500 133,400
    Sales Returns and Allowances 2,900 2,040
    Net Sales 149,600 131,360

    Cost of Goods Sold 105,200 88,540


    Gross Profit 44,400 42,820

    Operating Expenses
    Advertising 1,530 1,400
    Wages and Salaries 10,700 11,590
    Auto expense 2,030 1,970
    Depreciation 1,070 1,240
    Telephone 1,390 1,110
    Utilities 1,450 1,370
    Insurance 1,110 965
    Interest & Bank Charges 4,510 4,380
    Total Operating Expenses 23,790 24,025

    Net income 20,610 18,795

    Perry's Carpentry
    Comparative Balance Sheet
    For the years ended December 31, 2016, 2015
    2016 2015
    Assets
    Current Assets
    Cash $ 7,400 $ 4,670
    Accounts Receivable 3,360 3,510
    Inventory 23,100 21,000
    Prepaid Expenses 300 200
    Total Current Assets 34,160 29,380

    Capital Equipment
    Office Equipment 5,600 4,570
    Vehicles 40,100 15,000
    Land 50,000 50,000
    Building 120,000 120,000
    Total Capital Equipment 215,700 189,570

    Total Assets 249,860 218,950


    44.5238095
    y
    atement
    31, 2016, 2015

    2016 2015
    Liabilities
    Current Liabilities
    Accounts Payable $ 1,760 $ 2,010
    Total Current Liabilities 1,760 2,010

    Long-Term Liabilities
    Long-term bank loan 21,400 -
    Mortgage Payable 54,000 64,850
    Total Long-Term Liabilities 75,400 64,850

    Total Liabilities 77,160 66,860

    Owner's Equity
    G. Perry, Capital 172,700 152,090

    Total Liabilities and Owner's Equity 249,860 218,950


    BALANCE SHEET
    Cash 1 A/P 8
    A/R 10
    Inventory 20 Longterm loan 70
    Equipment 100 Equity 53
    131 131
    Net assets = Capital employed = Total assets - Current liabilities =
    Determine:
    ROE =Profit/Equity
    Gearing =Capital employed/Equity
    Profitability
    ROCE =Profit/Capital employed
    Profit margin =Profit/Sales
    Gross profit margin =Gross profit/Sales
    Net asset turnover times =Sales/Net assets
    Working capital management
    A/R turnover times =Sales/AR
    Inventory turnover times =COGS/Inventory
    A/P turnover times =COGS/AP
    Working capital cycle

    Fixed assets turnover times =Sales/Fixed assets


    Liquidity
    Liquidity ratio (current ratio) =Current assets/Current liabilities
    Quick ratio =(Current assets-Inventory)/Current liabilities
    INCOME STATEMENT
    Sales 200
    COGS (150)
    Gross profit 50
    Operating expense (20)
    Profit 30
    123

    days =365/(Sales/Net assets)

    days =365/(Sales/AR)
    days =365/(COGS/Inventory)
    days =365/(COGS/AP)
    days

    days =365/(Sales/Fixed assets)

    Current liabilities

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