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Income Statement Data Year 1 Year 2 Year 3 Year 4 Year 5

This document contains 5 years of income statement, balance sheet, and financial ratio data for a company. Over the 5 years: - Service income and net income increased each year, with net income growing from $377k to over $1 million. - Current assets like cash and total assets also increased each year as the company grew. Total assets went from $2 million to over $5 million. - Financial ratios show increasing profitability over time, with the gross profit margin growing from 3.08% to 3.56% and the net profit margin increasing from 0.18% to 0.47%.

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Lester Go
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53 views1 page

Income Statement Data Year 1 Year 2 Year 3 Year 4 Year 5

This document contains 5 years of income statement, balance sheet, and financial ratio data for a company. Over the 5 years: - Service income and net income increased each year, with net income growing from $377k to over $1 million. - Current assets like cash and total assets also increased each year as the company grew. Total assets went from $2 million to over $5 million. - Financial ratios show increasing profitability over time, with the gross profit margin growing from 3.08% to 3.56% and the net profit margin increasing from 0.18% to 0.47%.

Uploaded by

Lester Go
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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INCOME STATEMENT DATA YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5

SERVICE INCOME 2,149,200.00 2,407,104.00 2,695,956.48 3,019,471.26 3,381,807.81


COST OF SERVICE 697,895.37 753,727.00 814,025.15 879,147.17 949,478.94
GROSS PROFIT 1,451,304.63 1,653,377.00 1,881,931.33 2,140,324.09 2,432,328.87

OPERATING EXPENSES
Depreciation Expense 96,177.58 96,177.58 96,177.58 95,458.30 93,964.30
Salaries and Wages 273,600.00 273,600.00 273,600.00 273,600.00 273,600.00
Fringe Benefits 25,920.00 25,920.00 25,920.00 25,920.00 25,920.00
Administrative Expense 516,500.00 538,100.00 560,780.00 584,594.00 609,598.70
TOTAL OPERATING EXPENSES 912,197.58 933,797.58 956,477.58 979,572.30 1,003,083.00
NET INCOME BEFORE TAX 539,107.05 719,579.42 925,453.75 1,160,751.79 1,429,245.87
INCOME TAX 161,732.12 215,873.83 277,636.12 348,225.54 428,773.76
NET INCOME AFTER TAX 377,374.94 503,705.60 647,817.62 812,526.25 1,000,472.11

BALANACE SHEET
Current Asset
Cash 1,305,398.97 1,979,347.45 2,787,684.08 3,769,146.67 4,947,366.57
Prepayments 7,000.00 7,000.00 7,000.00 7,000.00 7,000.00
TOTAL CURRENT ASSETS 1,312,398.97 1,986,347.45 2,794,684.08 3,776,146.67 4,954,366.57
TOTAL NON-CURRENT ASSETS 728,277.26 632,099.68 535,922.10 440,463.80 346,499.50
TOTAL ASSETS 2,040,676.23 2,618,447.13 3,330,606.18 4,216,610.47 5,300,866.07

LIABILITIES & PARTNERS EQUITY


Current Liabilities
Income Tax Payable 161,732.12 215,873.83 277,636.12 348,225.54 428,773.76
VAT Payable 1,569.18 21,492.77 24,071.90 26,960.53 30,195.79
TOTAL CURRENT LIABILITIES 163,301.30 237,366.60 301,708.02 375,186.06 458,969.55
TOTAL LIABILITIES 163,301.30 237,366.60 301,708.02 375,186.06 458,969.55
PARTNERS EQUITY 1,877,374.94 2,381,080.54 3,028,898.16 3,841,424.41 4,841,896.52
TOTAL LIABILITIES & PARTNERS EQUITY 2,040,676.23 2,618,447.13 3,330,606.18 4,216,610.47 5,300,866.07

Financial Analysis
YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5
Liquidity Ratio
Current Ratio 8.04 8.37 9.26 10.06 10.79
Leverage Ratio
Debt To Total Assets Ratio 0.08 0.09 0.09 0.09 0.09
Debt To Equity Ratio 0.09 0.10 0.10 0.10 0.09
Fixed Asset Turnover 1.05 0.92 0.81 0.72 0.64
Total Assets Turnover
Profitability Ratio
Gross Profit Margin 3.08 3.19 3.31 3.43 3.56
Operating Profit Margin 0.25 0.30 0.34 0.38 0.42
Net Profit Margin 0.18 0.23 0.30 0.38 0.47
Return on Total Assets 0.18 0.19 0.19 0.19 0.19
Return on Partner's Equity 0.20 0.21 0.21 0.21 0.21

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