START UP COMPANY

For the year ended December 2019 and 2020

HORIZONTAL ANALYSIS
Increase ( decrease)
2019 2020 Amount Percent
Sales 1,695,000.00 2,397,900.00 702,900 41.47%
Sales Returns 79,000.00 108,000.00 29,000 36.71%
Net Sales 1,616,000.00 2,289,900.00 673,900 41.70%
Cost of Good Sold 980,000.00 1,438,740.00 458,740 46.81%
Gross Profit 636,000.00 851,160.00 215,160 33.83%
Selling and General Expenses 145,000.00 250,000.00 105,000 72.41%
Operating Income 491,000.00 601,160.00 110,160 22.44%
Other Expenses 75,000.00 51,000.00 -24,000 -32.00%
Net Income (Loss) 416,000.00 550,160.00 134,160 32.25%

VERTICAL ANALYSIS
AMOUNT 2019 PERCENT AMOUNT 2020 PERCENT
Sales 1,695,000.00 104.89% Sales 2,397,900.00 104.72%
Sales Returns 79,000 4.89% Sales Returns 108,000.00 4.72%
Net Sales 1,616,000 100% Net Sales 2,289,900 100%
Cost of Good Sold 980,000.00 60.64% Cost of Good Sold 1,438,740 62.83%
Gross Profit 636,000 39.36% Gross Profit 851,160 37.17%
Selling and General Expenses 145,000 8.97% Selling and General Expenses 250,000 10.92%
Operating Income 491,000 30.38% Operating Income 601,160 26.25%
Other Expenses 75,000 4.64% Other Expenses 51,000 2.23%
Net Income (Loss) 416,000 25.74% Net Income (Loss) 550,160 24.03%