Financial Modeling
Financial Modeling
Operating Expenses
Salary Expenses 30,000
Electricity Expense 15,000
Telephone Expense 15,000
Total Operating Expenses - 60,000
Operating Profit 100,000
Tax(20%) - 20,000.0
Net Income After Tax 80,000.0
Jijiga Unversity
Balance Sheet/Financial Position
For the period of Jan-31, 2022
Assets
Fixed Assets
Building 100,000
Truck 200,000
Total Fixed Assets 300,000
Current Assets
Cash 155,000
Account Receivable 50,000
Inventory 200,000
CBE-Bank 1110 695,000
Total Current Assets 1,100,000
Liabilities
Account Payable 300,000
Gov't Payable 20,000
Total Liabilities 320,000
Equity
Equity-Mohamed 1,000,000
Net Income After Tax 80,000
Total Equity 1,080,000