MEDI PEARL PHARMACIA

INCOME STATEMENT

FOR THE YEAR ENDED, DEC 31 , 2019

SALES REVENUE--------------------------------------------------------------- 420,000

TABLETS REVENUE-------------------------------------------------------- 180,000

SYRUP’S REVENUE---------------------------------------------------------- 130,000

TOTAL REVENUE--------------------------------------------------------------730,000

SALARIES EXPENSE----------------------------------------------------------- 70,000

DEPRECIATION EXPENSE (MACHINERY) -------------------------------------------------- 20,000

DEPRECIATION EXPENSE: BUILDING------------------------------------------------------------- 20,000

INTEREST EXPENSE------------------------------------------------------------------------------ 300

OFFICE RENT EXPENSE------------------------------------------------------------------------- 45,000

INCOME TAXES EXPENSE---------------------------------------------------------------------- 60,000

INSURANCE EXPENSE--------------------------------------------------------------------------- 3,000

UTILITES EXPENSE------------------------------------------------------------------------------- 30,000

INTEREST EXPENSE----------------------------------------------------------- 2,000

DISTRIBUTION EXPENSE-----------------------------------------------------80,000

PRINTING EXPENSE------------------------------------------------------------100,000

ADVERTISEMENT EXPENSE---------------------------------------------------10,000

BOTTLES EXPENSE-------------------------------------------------------------- 120,000

WAGES EXPENSE-------------------------------------------------------------- 10,000

MAINTENANCE EXPENSE--------------------------------------------------- 35,000

TOTAL EXPENSE------------------------------------------------------------------ 605,300

NET INCOME---------------------------------------------------------------------- 124,700

 MEDI PEARL PHARMACIA

INCOME STATEMENT

FOR THE YEAR ENDED, DEC 31 , 2018

SALES REVENUE--------------------------------------------------------------- 285,000

TABLETS REVENUE-------------------------------------------------------- 155,000

SYRUP’S REVENUE---------------------------------------------------------- 123,000

TOTAL REVENUE--------------------------------------------------------------563,000

SALARIES EXPENSE----------------------------------------------------------- 60,000

DEPRECIATION EXPENSE (MACHINERY) -------------------------------------------------- 20,000

DEPRECIATION EXPENSE: BUILDING------------------------------------------------------------- 20,000

INTEREST EXPENSE------------------------------------------------------------------------------ 300

OFFICE RENT EXPENSE------------------------------------------------------------------------- 30,000

INCOME TAXES EXPENSE---------------------------------------------------------------------- 45,000

INSURANCE EXPENSE--------------------------------------------------------------------------- 3,000

UTILITES EXPENSE------------------------------------------------------------------------------- 20,000

INTEREST EXPENSE----------------------------------------------------------- 2,000

DISTRIBUTION EXPENSE-----------------------------------------------------60,000

PRINTING EXPENSE------------------------------------------------------------70,000

ADVERTISEMENT EXPENSE---------------------------------------------------10,000

BOTTLES EXPENSE-------------------------------------------------------------- 90,000

WAGES EXPENSE-------------------------------------------------------------- 10,000

MAINTENANCE EXPENSE--------------------------------------------------- 35,000

TOTAL EXPENSE------------------------------------------------------------------ 473,300

NET INCOME---------------------------------------------------------------------- 89,700

 MEDI PEARL PHARMACIA

INCOME STATEMENT

FOR THE YEAR ENDED, DEC 31 , 2017

SALES REVENUE--------------------------------------------------------------- 250,000

TABLETS REVENUE-------------------------------------------------------- 130,000

SYRUP’S REVENUE---------------------------------------------------------- 100,000

TOTAL REVENUE-------------------------------------------------------------- 480,000

SALARIES EXPENSE----------------------------------------------------------- 50,000

DEPRECIATION EXPENSE (MACHINERY) -------------------------------------------------- 20,000

DEPRECIATION EXPENSE: BUILDING------------------------------------------------------------- 20,000

INTEREST EXPENSE------------------------------------------------------------------------------ 300

OFFICE RENT EXPENSE------------------------------------------------------------------------- 15,000

INCOME TAXES EXPENSE---------------------------------------------------------------------- 30,000

INSURANCE EXPENSE--------------------------------------------------------------------------- 3,000

UTILITES EXPENSE------------------------------------------------------------------------------- 15,000

INTEREST EXPENSE----------------------------------------------------------- 2,000

DISTRIBUTION EXPENSE-----------------------------------------------------50,000

PRINTING EXPENSE------------------------------------------------------------70,000

ADVERTISEMENT EXPENSE---------------------------------------------------10,000

BOTTLES EXPENSE-------------------------------------------------------------- 70,000

WAGES EXPENSE-------------------------------------------------------------- 10,000

MAINTENANCE EXPENSE--------------------------------------------------- 35,000

TOTAL EXPENSE------------------------------------------------------------------ 400,300

NET INCOME---------------------------------------------------------------------- 79,700

 MEDI PEARL PHARMACIA

INCOME STATEMENT

FOR THE YEAR ENDED, DEC 31 , 2016

SALES REVENUE--------------------------------------------------------------- 200,000

TABLETS REVENUE-------------------------------------------------------- 100,000

SYRUP’S REVENUE---------------------------------------------------------- 70,000

TOTAL REVENUE-------------------------------------------------------------- 370,000

SALARIES EXPENSE----------------------------------------------------------- 45,000

DEPRECIATION EXPENSE (MACHINERY) -------------------------------------------------- 20,000

DEPRECIATION EXPENSE: BUILDING------------------------------------------------------------- 20,000

INTEREST EXPENSE------------------------------------------------------------------------------ 300

OFFICE RENT EXPENSE------------------------------------------------------------------------- 15,000

INCOME TAXES EXPENSE---------------------------------------------------------------------- 20,000

INSURANCE EXPENSE--------------------------------------------------------------------------- 3,000

UTILITES EXPENSE------------------------------------------------------------------------------- 5,000

INTEREST EXPENSE----------------------------------------------------------- 2,000

DISTRIBUTION EXPENSE-----------------------------------------------------30,000

PRINTING EXPENSE------------------------------------------------------------70,000

ADVERTISEMENT EXPENSE---------------------------------------------------10,000

BOTTLES EXPENSE-------------------------------------------------------------- 54,000

WAGES EXPENSE-------------------------------------------------------------- 10,000

MAINTENANCE EXPENSE--------------------------------------------------- 35,000

TOTAL EXPENSE------------------------------------------------------------------ 339,300

NET INCOME---------------------------------------------------------------------- 30,700

 MEDI PEARL PHARMACIA

INCOME STATEMENT

FOR THE YEAR ENDED, DEC 31 , 2015

SALES REVENUE--------------------------------------------------------------- 150,000

TABLETS REVENUE-------------------------------------------------------- 100,000

SYRUP’S REVENUE---------------------------------------------------------- 50,000

TOTAL REVENUE-------------------------------------------------------------- 300,000

SALARIES EXPENSE----------------------------------------------------------- 20,000

DEPRECIATION EXPENSE (MACHINERY) -------------------------------------------------- 20,000

DEPRECIATION EXPENSE: BUILDING------------------------------------------------------------- 20,000

INTEREST EXPENSE------------------------------------------------------------------------------ 300

OFFICE RENT EXPENSE------------------------------------------------------------------------- 10,000

INCOME TAXES EXPENSE---------------------------------------------------------------------- 5,000

SALARIES EXPENSE------------------------------------------------------------------------------ 15,000

INSURANCE EXPENSE--------------------------------------------------------------------------- 3,000

UTILITES EXPENSE------------------------------------------------------------------------------- 5,000

INTEREST EXPENSE----------------------------------------------------------- 2,000

DISTRIBUTION EXPENSE-----------------------------------------------------30,000

PRINTING EXPENSE------------------------------------------------------------70,000

ADVERTISEMENT EXPENSE---------------------------------------------------10,000

BOTTLES EXPENSE-------------------------------------------------------------- 54,000

WAGES EXPENSE-------------------------------------------------------------- 10,000

MAINTENANCE EXPENSE--------------------------------------------------- 35,000

TOTAL EXPENSE------------------------------------------------------------------ 299,300

NET INCOME---------------------------------------------------------------------- 700

MEDI PEARL PHARMACIA
BALANCE SHEET
AS ON FEB 28 , 2019
ASSETS: LIABILITIES AND OWNERS EQUITY
CURRENT ASSETS: LIABILITIES:
CASH---------------------- 98,896,000 ACCOUNTS PAYABLE------- 503,000
A/C RECIEVABLE-------- 2,000 NOTES PAYABLE-------------- 78,000
MEDICINES REVENUE RECIEVABLE------ 50,000 INTEREST PAYABLE------------- 300
UNEXPIRED INSURANCE------ -3000 INCOME TAXES PAYABLE------ 5,000
OFFICE FURNITURE------ 20,000 SALARIES PAYABLE-------- 15,000
RAW MATERIALS--------- 50,000 UTILITIES PAYABLE--------- 5,000
PREPAID OFFICE RENTAL------ -10,000
OFFICE SUPPLIES---------- 1,000 TOTAL LIABILITY: 596,300
PRINTING EQUIPMENT------- 20,000 CAPITAL:
COMPUTER EQUIPMENT------- 13,000 CAPITAL STOCK----- 100,020,000
MANUFACTURING EQUIPMENT---- 20,000 CLOSING RETAINED EARNINGS------ -214,300
ACCUMULATED DEPRECIATION: MACHINERY ------ -20,000
ACCUMULATED DEPRECIATION: BUILDING------------- TOTAL LIABILITY + CAPITAL + CLOSING RETAINED
-20,000 EARNINGS= 596,300 + 100,020,000 -214,300
INVENTORY-------------- 15,000 = 100,402,000
MED STOCK--------- -2000
PACKAGING INSTRUMENTS: 50,000
TOTAL CURRENT ASSETS: 99,082,000
NON CURRENT ASSETS:
OFFICE BUILDING: 480,000
OFFICE LAND----- 300,000
DELIVERY TRUCKS----300,000
MACHINERY:240,000
TOTAL NON CURRENT ASSETS: 1,320,000 LIABILITY+OWNERS EQUITY = 100,402,000
TOTAL ASSETS:100,402,000
 MEDI PEARL PHARMACIA
BALANCE SHEET
AS ON FEB 28 , 2019

ASSETS: LIABILITIES AND OWNERS EQUITY

CURRENT ASSETS:
CASH---------------------- 98,796,000
A/C RECIEVABLE-------- 2,000
MEDICINES REVENUE RECIEVABLE------ 50,000
UNEXPIRED INSURANCE------ -3000
OFFICE FURNITURE------ 20,000
RAW MATERIALS--------- 52,000
PREPAID OFFICE RENTAL------ -10,000
OFFICE SUPPLIES---------- 1,000
PRINTING EQUIPMENT------- 20,000
COMPUTER EQUIPMENT------- 13,000
MANUFACTURING EQUIPMENT---- 20,000
ACCUMULATED DEPRECIATION: MACHINERY ------ -20,000
ACCUMULATED DEPRECIATION: BUILDING-------------
-20,000
INVENTORY-------------- 15,000
MED STOCK--------- -2000
LIABILITIES:
ACCOUNTS PAYABLE------- 403,000
NOTES PAYABLE-------------- 80,000
INTEREST PAYABLE------------- 300
INCOME TAXES PAYABLE------ 5,000
SALARIES PAYABLE-------- 15,000
UTILITIES PAYABLE--------- 5,000
TOTAL LIABILITY: 596,300
CAPITAL:
CAPITAL STOCK----- 100,020,000
CLOSING RETAINED EARNINGS------ -214,300
TOTAL LIABILITY + CAPITAL + CLOSING RETAINED
EARNINGS= 596,300 + 100,020,000 -214,300
= 100,402,000
PACKAGING INSTRUMENTS: 50,000
TOTAL CURRENT ASSETS: 99,082,000
NON CURRENT ASSETS:
OFFICE BUILDING: 480,000
OFFICE LAND----- 300,000
DELIVERY TRUCKS----300,000
MACHINERY:240,000
TOTAL NON CURRENT ASSETS: 1,320,000 LIABILITY+OWNERS EQUITY = 100,304,000
TOTAL ASSETS:100,304,000

MEDI PEARL PHARMACIA

BALANCE SHEET
AS ON FEB 28 , 2019

ASSETS: LIABILITIES AND OWNERS EQUITY

CURRENT ASSETS:
CASH---------------------- 98,710,000
A/C RECIEVABLE-------- 00
MEDICINES REVENUE RECIEVABLE------ 50,000
UNEXPIRED INSURANCE------ -3000
OFFICE FURNITURE------ 20,000
RAW MATERIALS--------- 50,000
PREPAID OFFICE RENTAL------ -10,000
OFFICE SUPPLIES---------- 1,000
PRINTING EQUIPMENT------- 20,000
LIABILITIES:
ACCOUNTS PAYABLE------- 317,000
NOTES PAYABLE-------------- 76,000
INTEREST PAYABLE------------- 300
INCOME TAXES PAYABLE------ 5,000
SALARIES PAYABLE-------- 15,000
UTILITIES PAYABLE--------- 5,000
TOTAL LIABILITY: 596,300
CAPITAL:
COMPUTER EQUIPMENT------- 13,000 CAPITAL STOCK----- 100,020,000
MANUFACTURING EQUIPMENT---- 20,000 CLOSING RETAINED EARNINGS------ -214,300
ACCUMULATED DEPRECIATION: MACHINERY ------ -20,000
ACCUMULATED DEPRECIATION: BUILDING------------- TOTAL LIABILITY + CAPITAL + CLOSING RETAINED
-20,000 EARNINGS= 596,300 + 100,020,000 -214,300
INVENTORY-------------- 15,000 = 100,402,000
MED STOCK--------- -2000
PACKAGING INSTRUMENTS: 50,000
TOTAL CURRENT ASSETS: 99,082,000
NON CURRENT ASSETS:
OFFICE BUILDING: 480,000
OFFICE LAND----- 300,000
DELIVERY TRUCKS----300,000
MACHINERY:240,000
TOTAL NON CURRENT ASSETS: 1,320,000 LIABILITY+OWNERS EQUITY = 100,214,000
TOTAL ASSETS:100,214,000

MEDI PEARL PHARMACIA

BALANCE SHEET
AS ON FEB 28 , 2019

ASSETS: LIABILITIES AND OWNERS EQUITY

CURRENT ASSETS: LIABILITIES:
CASH---------------------- 98,896,000 ACCOUNTS PAYABLE------- 493,000
A/C RECIEVABLE-------- 2,000 NOTES PAYABLE-------------- 158,000
MEDICINES REVENUE RECIEVABLE------ 50,000 INTEREST PAYABLE------------- 300
UNEXPIRED INSURANCE------ -3000 INCOME TAXES PAYABLE------ 5,000
OFFICE FURNITURE------ 20,000 SALARIES PAYABLE-------- 15,000
RAW MATERIALS--------- 50,000 UTILITIES PAYABLE--------- 5,000
PREPAID OFFICE RENTAL------ 0
OFFICE SUPPLIES---------- 1,000 TOTAL LIABILITY: 676,300
PRINTING EQUIPMENT------- 100,000 CAPITAL:
COMPUTER EQUIPMENT------- 13,000 CAPITAL STOCK----- 100,020,000
MANUFACTURING EQUIPMENT---- 20,000 CLOSING RETAINED EARNINGS------ -214,300
ACCUMULATED DEPRECIATION: MACHINERY ------ -20,000
ACCUMULATED DEPRECIATION: BUILDING------------- TOTAL LIABILITY + CAPITAL + CLOSING RETAINED
-20,000 EARNINGS= 676,300 + 100,020,000 -214,300
INVENTORY-------------- 15,000 = 100,402,000
MED STOCK--------- -2000
PACKAGING INSTRUMENTS: 50,000
TOTAL CURRENT ASSETS: 99,046,000
NON CURRENT ASSETS:
OFFICE BUILDING: 480,000
OFFICE LAND----- 300,000
DELIVERY TRUCKS----300,000
MACHINERY:240,000
TOTAL NON CURRENT ASSETS: 1,320,000 LIABILITY+OWNERS EQUITY = 100,322,000
TOTAL ASSETS:100,322,000
MEDI PEARL PHARMACIA
BALANCE SHEET
AS ON FEB 28 , 2019
ASSETS: LIABILITIES AND OWNERS EQUITY
CURRENT ASSETS: LIABILITIES:
CASH---------------------- 98,393,000 ACCOUNTS PAYABLE------- 21,000
A/C RECIEVABLE-------- 2,000 NOTES PAYABLE-------------- 78,000
MEDICINES REVENUE RECIEVABLE------ 50,000 INTEREST PAYABLE------------- 300
UNEXPIRED INSURANCE------ -3000 INCOME TAXES PAYABLE------ 5,000
OFFICE FURNITURE------ 20,000 SALARIES PAYABLE-------- 15,000
RAW MATERIALS--------- 50,000 UTILITIES PAYABLE--------- 5,000
PREPAID OFFICE RENTAL------ -10,000
OFFICE SUPPLIES---------- 21,000 TOTAL LIABILITY: 596,300
PRINTING EQUIPMENT------- 20,000 CAPITAL:
COMPUTER EQUIPMENT------- 13,000 CAPITAL STOCK----- 100,020,000
MANUFACTURING EQUIPMENT---- 20,000 CLOSING RETAINED EARNINGS------ -214,300
ACCUMULATED DEPRECIATION: MACHINERY ------ -20,000
ACCUMULATED DEPRECIATION: BUILDING------------- TOTAL LIABILITY + CAPITAL + CLOSING RETAINED
-20,000 EARNINGS= 113,000 + 100,020,000 -214,300
INVENTORY-------------- 15,000 = 100,402,000
MED STOCK--------- -2000
PACKAGING INSTRUMENTS: 50,000
TOTAL CURRENT ASSETS: 9,859,6,000
NON CURRENT ASSETS:
OFFICE BUILDING: 480,000
OFFICE LAND----- 300,000
DELIVERY TRUCKS----300,000
MACHINERY:240,000
TOTAL NON CURRENT ASSETS: 1,320,000 LIABILITY+OWNERS EQUITY = 99,916,000
TOTAL ASSETS:99,916,000
 Medi Pearl Pharmacia

2019
Current Assets: 99,082,000
Current Liabilities: 596,300
Inventory :15,000
Prepayments: 10,000
Liquidity Ratio : Current Assets / Current Liabilities = 99,082,000 / 596,300 = 166.16
Working Capital : Current Assets – Current Liabilities =99,082,000 – 596,300 = 98,485,700
Cash Ratio
Cash/Current Liability :98,896,000 / 596,300 = 98,299,700
Quick Ratio : Current Assets – Inventory – Prepayments / Current Liabilities :
99,082,000 – 15,000 – 10,000 / 596,300 = 166.11
Net Revenue : 480,000
Net Profit Margin :124,700 / 730,000 = 17.08 %
 Medi Pearl Pharmacia

2018
Current Assets: 99,082,000
Current Liabilities: 508,300
Inventory :15,000
Prepayments: 10,000
Liquidity Ratio : Current Assets / Current Liabilities = 99,082,000/508,300 = 194.92
Working Capital : Current Assets – Current Liabilities =99,082,000 – 508,300 =98,573,700
Cash Ratio
Cash/Current Liability :98,796,000 / 508,300 = 194.36
Quick Ratio : Current Assets – Inventory – Prepayments / Current Liabilities :
99,082,000 – 15,000 – 10,000 = 99,057,000
Net Revenue :563,000
Net Profit Margin :89,700 / 563,000 = 15.9 %
 Medi Pearl Pharmacia

2017
Current Assets: 99,082,000
Current Liabilities: 596,300
Inventory :15,000
Prepayments: 10,000
Liquidity Ratio : Current Assets / Current Liabilities = 99,082,000/596,300 = 166.16
Working Capital : Current Assets – Current Liabilities =99,082,000 – 596,300 =98,485,700
Cash Ratio
Cash/Current Liability :98,796,000 / 596,300 = 165.53
Quick Ratio : Current Assets – Inventory – Prepayments / Current Liabilities :
99,082,000 – 15,000 – 10,000 = 99,057,000/596300
Net Revenue :730,000
Net Profit Margin :79,700 / 730,000 = 10.91 %
 Medi Pearl Pharmacia

2016
Current Assets: 99,046,000
Current Liabilities: 676,300
Inventory :15,000
Prepayments: 10,000
Liquidity Ratio : Current Assets / Current Liabilities = 99,046,000/676,300 = 146.45
Working Capital : Current Assets – Current Liabilities =99,046,000-676,300 =98,369,700
Cash Ratio
Cash/Current Liability : 98,896,000/676,300 = 146.23
Quick Ratio : Current Assets – Inventory – Prepayments / Current Liabilities :
99,046,000 – 15,000 – 10,000 = 99,021,000
Net Revenue :480,000
Net Profit Margin :30,700 / 480,000 = 6.39 %
 Medi Pearl Pharmacia

2015
Current Assets: 98,596,000
Current Liabilities: 596,300
Inventory :15,000
Prepayments: 10,000
Liquidity Ratio : Current Assets / Current Liabilities = 98,596,000/596,300 = 165.35
Working Capital : Current Assets – Current Liabilities =98,596,000-596,300 =97,999,700
Cash Ratio
Cash/Current Liability : 98,393,000/676,300 = 145.23
Quick Ratio : Current Assets – Inventory – Prepayments / Current Liabilities :
98,596,000 – 15,000 – 10,000 = 98,571,000
Net Revenue : 370,000
Net Profit Margin : 700 / 370,000 = 0.189 %