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Pick A Pizza Financial Statement
Pick A Pizza Financial Statement
PICK-A PIZZA
Balance Sheet
For the year ended May 2022
ASSETS
CURRENT ASSET
Inventory 87,356
NON-CURRENT ASSET
Partners Equity
SALES ₱1,653,120
Purchases ₱1,135,628
Less Ending Inventory 87,356
Cost of Sales 1,048,272
GROSS PROFIT 604,848
Operating Expense
Salary Expenses 313,488
Shop Rental Expenses 60,000
Fuel Expenses 36,000
Supplies Expense 29,016
Utility Expenses 24,000
Depreciation Expense 6,985 469,489
Monthly contribution
PhilHealth 14,400
SSS 14,040
Pag-Ibig 3,600 32,040
Administrative Cost
Legal Expenses 10,000
TOTAL NET INCOME ₱93,319
Table 6. Income Statement
a.b. Future Funding Needs
After 5 years of successful service, each proprietor would contribute twice as much as
they did in the first year of operation. They will also open a franchise and recruit more
employees.