2020 2021

Cash 50,000 60,000

Accounts Receivables 200,000 290,000
Inventories 450,000 570,000
total Current Assets 700,000 920,000
FIxed Assets, Net 300,000 380,000
total Assets 1,000,000 1,300,000

Accounts Payable 140,000 180,000

Accruals 50,000 70,000
Bank Loan 80,000 90,000
total current liabilities 270,000 340,000
Long term debt 400,000 550,000
Common Stock 50,000 50,000
Capital Surplus 200,000 200,000
Retained Earnings 80,000 160,000
total Liabilities and Equity 1,000,000 1,300,000

Ratios 2020 2021

Current ratio 2.592592592593 2.70588235294
Quick Ratio 0.925925925926 1.02941176471
Net working capital to total assets ratio 0.43 0.44615384615
Total debt to Total assets ratio 67.00% 68.46%
Current Liability to total debt ratio 0.402985074627 0.38202247191
Gross Profit Margin 0.4 0.4
Operating Profit Margin 11.92% 13.75%
Net Profit Margin 7.15% 8.25%
Sales to Total Asset Ratio 1.3 1.23076923077
Return on Asset Ratio 9.30% 10.15%
Return on Equity ratio 0.281818181818 0.32195121951
 2020 2021
Net Sales 1,300,000 1,600,000
Cost of Goods Sold 780,000 960,000
Gross profit 520,000 640,000
Marketing 130,000 160,000
General & Administrative 150,000 150,000
Depreciation 40,000 55,000
EBIt 200,000 275,000
Interest 45,000 55,000
Earnings Before taxes 155,000 220,000
Income taxes(40%) 62000 88,000
Net Income 93,000 132,000
 2020 2021
Cash 50,000 60,000
Accounts Receivables 200,000 290,000
Inventories 450,000 570,000
total Current Assets 700,000 920,000
FIxed Assets, Net 300,000 380,000
total Assets 1,000,000 1,300,000

Accounts Payable 140,000 180,000

Accruals 50,000 70,000
Bank Loan 80,000 90,000
total current liabilities 270,000 340,000
Long term debt 400,000 550,000
Common Stock 50,000 50,000
Capital Surplus 200,000 200,000
Retained Earnings 80,000 160,000
total Liabilities and Equity 1,000,000 1,300,000

Ratios 2020 2021 Evaluation

Current ratio 2.592592592593 2.70588235294 2021
Quick Ratio 0.925925925926 1.02941176471 2021
Net working capital to total assets ratio 43.00% 44.62% Good
Total debt to Total assets ratio 67.00% 68.46% Increase
Current Liability to total debt ratio 0.402985074627 0.38202247191 Decrease
Gross Profit Margin 0.400 0.400 Same
Operating Profit Margin 11.92% 13.75% Good
Net Profit Margin 7.15% 8.25% Increase
Sales to Total Asset Ratio 1.3 1.23076923077 Decrease
Return on Asset Ratio 9.30% 10.15% Good
Return on Equity ratio 28.18% 32.20% Good

Overall the company forecasted shows a very good sign of company. All the ratios indicate good sign except sales to
 2020 2021
Net Sales 1,300,000 1,600,000
Cost of Goods Sold 780,000 960,000
Gross profit 520,000 640,000
Marketing 130,000 160,000
General & Administrative 150,000 150,000
Depreciation 40,000 55,000
EBIt 200,000 275,000
Interest 45,000 55,000
Earnings Before taxes 155,000 220,000
Income taxes(40%) 62000 88,000
Net Income 93,000 132,000

od sign except sales to total asset ratio which have decreased.