Version 6.

© Ismail Ab.Wahab. MEDEC, Universiti Teknologi MARA

2006

CLICK HERE TO ENTER DATA

@
FINANCIAL PLANNING
© Ismail Ab.Wahab, MEDEC, UiTM, 2006

NAME OF BUSINESS/COMPANY ARTSPARRALLEL'MY

1. Projected administrative, marketing and operations expenditure :

ADMINISTRATIVE EXPENDITURE MARKETING EXPENDITURE

Fixed Assets RM
Fixed Assets RM
Land & Building
Office equipment 2,000 Signboard 3,500
Renovation 1,250

Working Capital Working Capital

Salaries, wages,EPF & SOSCO 30,409 Promotion Cost 1,000
Maintenance 350 Youtube Advertising 85

Other Expenditure Other Expenditure

Other Expenditure 100 Other Expenditure
Pre-Operations Pre-Operations
Deposit (rent, utilities, etc.) 500 Signboard Licenses 200
Business Registration & Licences 100
Insurance 250

TOTAL 34,959 TOTAL 4,785

2. Projected sales and purchases: SALES PROJECTION

Year 1 Month 1 344,222
Month 2 344,222
Month 3 344,222
Month 4 344,222
Month 5 344,222
 Month 6 344,222
Month 7 344,222
Month 8 344,222
Month 9 344,222
Month 10 344,222
Month 11 344,222
Month 12 344,222
Total Year 1 4,130,660
Year 2 ToTal Year 2 4,279,726
Year 3 Total Year 3 4,474,259

3. Collection for sales & payment for purchases: CASH COLLECTIONS FOR SALES
In the month of sale 100%
1 month after sale 0%
2 months after sale 0%
Total 100%

4. Economic life of fixed assets & FIXED ASSETS Econ. Life (yrs)
depreciation method: Office equipment 5
Renovation 5
- 5
- 5
Signboard 5
- 5

DEPRECIATION METHOD (1=straight line, 2=declining balance)

5. Increase in working capital (if any): INCREASE IN WORKING CAPITAL (%)

Year 2 2%
Year 3 4%

6. Ending stock for raw materials ENDING STOCK OF RAW MATERIALS RM

and finished goods: End of Year 1 -
End of Year 2 -
End of Year 3 -

7. Rate of taxation (for private limited company): TAX RATE

Year 1 5%
Year 2 5%
 Year 3 5%

8. Business background: BUSINESS LEGAL ENTITY 1

1 = Private Limited Cpmpany (Sdn. Bhd.)
2 = Partnership
3 = Sole Proprietorship

9. Sources of finance: LOAN (if required)

Interest rate 5%
Loan duration 5
Interest payment method* 2
* Method: 1 = flat rate 2 = annual rest

HIRE-PURCHASE (if required)

Interest rate 5%
Hire-purchase duration 5

Click here to allocate the sources of finance

 OPERATIONS EXPENDITURE
Fixed Assets RM
Equipment 54,600

Working Capital
Raw Materials & Packaging -
Carriage Inward & Duty
Utilities 250
Maintance 160

Other Expenditure
Other Expenditure
Pre-Operations
Deposit (rent, utilities, etc.) 500

TOTAL 55,510

PURCHASE PROJECTION
Month 1 -
Month 2 -
Month 3 -
Month 4 -
Month 5 -
 Month 6 -
Month 7 -
Month 8 -
Month 9 -
Month 10 -
Month 11 -
Month 12 -
Total Year 1 -
ToTal Year 2
Total Year 3

CASH PAYMENTS FOR PURCHASES

In the month of purchase 100%
1 month after purchase 0%
2 months after purchase 0%
Total 100%

FIXED ASSETS Econ. Life (yrs)

0 5
0 5
Equipment 5
0 5
0 5
0 5

lining balance) 1

ENDING STOCK OF FINISHED GOODS RM

End of Year 1 -
End of Year 2 -
End of Year 3 -
NATURE OF BUSINESS 1
1 = Manufacturing
2 = Trading
3 = Service
 ARTSPARRALLEL'MY
DEPRECIATION SCHEDULES LOA

Fixed Asset Office equipment Fixed Asset Renovation LOAN REPAYMENT SC

Cost (RM) 2,000 Cost (RM) 1,250 Amount
Method Straight Line Method Straight Line Interest Rate
Economic Life (yrs) 5 Economic Life (yrs) 5 Duration (yrs)
Annual Accumulated Annual Accumulated Method
Year Depreciation Depreciation Book Value Year Depreciation Depreciation Book Value Year Principal
0 - - 2,000 0 - - 1,250 0 -
1 400 400 1,600 1 250 250 1,000 1 20,956
2 400 800 1,200 2 250 500 750 2 20,956
3 400 1,200 800 3 250 750 500 3 20,956
4 400 1,600 400 4 250 1,000 250 4 20,956
5 400 2,000 - 5 250 1,250 - 5 20,956
6 0 0 - 6 0 0 - 6 0
7 0 0 - 7 0 0 - 7 0
8 0 0 - 8 0 0 - 8 0
9 0 0 - 9 0 0 - 9 0
10 0 0 - 10 0 0 - 10 0

Fixed Asset 0 Fixed Asset 0

Cost (RM) 0 Cost (RM) 0
Method Straight Line Method Straight Line
Economic Life (yrs) 5 Economic Life (yrs) 5
Annual Accumulated Annual Accumulated
Year Depreciation Depreciation Book Value Year Depreciation Depreciation Book Value
0 - - - 0 - - -
1 - - - 1 - - -
2 - - - 2 - - -
3 - - - 3 - - -
4 - - - 4 - - -
5 - - - 5 - - -
6 - - - 6 - - -
7 - - - 7 - - -
8 - - - 8 - - -
9 - - - 9 - - -
10 - - - 10 - - -
Fixed Asset Signboard Fixed Asset 0
Cost (RM) 3,500 Cost (RM) 0
Method Straight Line Method Straight Line
Economic Life (yrs) 5 Economic Life (yrs) 5
Annual Accumulated Annual Accumulated
Year Depreciation Depreciation Book Value Year Depreciation Depreciation Book Value
0 - - 3,500 0 - - -
1 700 700 2,800 1 - - -
2 700 1,400 2,100 2 - - -
3 700 2,100 1,400 3 - - -
4 700 2,800 700 4 - - -
5 700 3,500 - 5 - - -
6 0 0 - 6 - - -
7 0 0 - 7 - - -
8 0 0 - 8 - - -
9 0 0 - 9 - - -
10 0 0 - 10 - - -

Fixed Asset 0 Fixed Asset 0

Cost (RM) 0 Cost (RM) 0
Method Straight Line Method Straight Line
Economic Life (yrs) 5 Economic Life (yrs) 5
Annual Accumulated Annual Accumulated
Year Depreciation Depreciation Book Value Year Depreciation Depreciation Book Value
0 - - - 0 - - -
1 - - - 1 - - -
2 - - - 2 - - -
3 - - - 3 - - -
4 - - - 4 - - -
5 - - - 5 - - -
6 - - - 6 - - -
7 - - - 7 - - -
8 - - - 8 - - -
9 - - - 9 - - -
10 - - - 10 - - -

Fixed Asset Equipment Fixed Asset 0

Cost (RM) 54,600 Cost (RM) 0
Method Straight Line Method Straight Line
Economic Life (yrs) 5 Economic Life (yrs) 5
 Annual
Year Depreciation
0 -
1 10,920
2 10,920
3 10,920
4 10,920
5 10,920
6 0
7 0
8 0
9 0
10 0 0
Accumulated Annual Accumulated
Depreciation Book Value Year Depreciation Depreciation Book Value
- 54,600 0 - - -
10,920 43,680 1 - - -
21,840 32,760 2 - - -
32,760 21,840 3 - - -
43,680 10,920 4 - - -
54,600 - 5 - - -
0 - 6 - - -
0 - 7 - - -
0 - 8 - - -
0 - 9 - - -
- 10 - - -

Fixed Asset 0 Fixed Asset 0

Cost (RM) 0 Cost (RM) 0
Method Straight Line Method Straight Line
Economic Life (yrs) 5 Economic Life (yrs) 5
Annual Accumulated Annual Accumulated
Year Depreciation Depreciation Book Value Year Depreciation Depreciation Book Value
0 - - - 0 - - -
1 - - - 1 - - -
2 - - - 2 - - -
3 - - - 3 - - -
4 - - - 4 - - -
5 - - - 5 - - -
6 - - - 6 - - -
7 - - - 7 - - -
8 - - - 8 - - -
9 - - - 9 - - -
10 - - - 10 - - -

INPUT CASH FLOW STATEMENT INCOME STATEMENT BALANCE SHEET FINANCIAL PERFORMANCE
 ARTSPARRALLEL'MY
LOAN & HIRE-PURCHASE AMMORTISATION SCHEDULES

LOAN REPAYMENT SCHEDULE HIRE-PURCHASE REPAYMENT SCHEDULE

104,779 Amount 0
5% Interest Rate 5%
5 Duration (yrs) 5
Baki Tahunan
Interest Total Payment Principal Balance Year Principal Interest Total Payment Principal Balance
- 104,779 0 - - -
5,239 26,195 83,823 1 - - - -
4,191 25,147 62,867 2 - - - -
3,143 24,099 41,912 3 - - - -
2,096 23,051 20,956 4 - - - -
1,048 22,004 - 5 - - - -
0 - - 6 - - - -
0 - - 7 - - - -
0 - - 8 - - - -
0 - - 9 - - - -
0 - 0 10 - - - -
PERFORMANCE
 ARTSPARRALLEL'MY
PROJECT IMPLEMENTATION COST & SOURCES OF FINANCE
Project Implementation Cost Sources of Finance
Requirements Cost Loan Hire-Purchase Own Contribution
Fixed Assets Cash Existing F. Assets
Land & Building 0 0
Office equipment 2,000 2,000
Renovation 1,250 1,250
0 0 0
0 0 0
Signboard 3,500 3,500
0 0 0
0 0 0
0 0 0
Equipment 54,600 54,600
0 0 0
0 0 0
0 0 0
Working Capital 1 months
Administrative 30,759 30,759
Marketing 1,085 1,085
Operations 410 410
Pre-Operations & Other Expenditure 1,650 1,650
Contingencies 10% 9,525 9,525

TOTAL 104,779 104,779 0 0 0

INPUT CASH FLOW STATEMENT INCOME STATEMENT BALANCE SHEET FINANCIAL PERFORMANCE
* Kaedah: 1 = kadar tetap Faedah Faedah
2 = atas baki tahunan Pinjaman Sewa Beli
5% 5%
Jangka Masa Jangka Masa
(tahun) (tahun)
5 5
Kaedah*
2
L PERFORMANCE
 ARTSPARRALLEL'MY
PRODUCTION COST PRO-FORMA STATEMENT

Year 1 Year 2 Year 3

Raw Materials
Opening Stock 0 0 0
Current Year Purchases 0 0 0
Ending Stock 0 0 0
Raw Materials Used 0 0 0
Carriage Inward 0 0 0
0 0 0
Salaries, EPF & SOCSO 3,000 3,060 3,182
Factory Overhead
Depreciation of Fixed assets (Operations) 10,920 10,920 10,920
Maintance 1,920 1,958 2,037
0 0 0 0
0 0 0 0
0 0 0 0
Total Factory Overhead 12,840 12,878 12,957
Production Cost 15,840 15,938 16,139

ARTSPARRALLEL'MY
PRO-FORMA INCOME STATEMENT

Year 1 Year 2 Year 3

Sales 4,130,660 4,279,726 4,474,259
Less: Cost of Sales
Opening Stock of Finished Goods 0 0 0
Production Cost 15,840 15,938 16,139
less: Ending Stock of Finished Goods 0 0 0
0 0 0
15,840 15,938 16,139
Gross Profit 4,114,820 4,263,788 4,458,120

Less: Enpenditure
Administrative Expenditure 369,105 376,487 391,547
Marketing Expenditure 13,020 13,280 13,812
Other Expenditure 100 102 106
0 100
Insurance & Road Tax for Motor Vehicle 250 250 250
Other Pre-Operations Expenditure 0 0 0
Interest on Hire-Purchase 0 0 0
Interest on Loan 5,239 4,191 3,143
Depreciation of Fixed Assets 1,350 1,350 1,350

Total Expenditure 389,164 395,661 410,208

Net Profit Before Tax 3,725,656 3,868,127 4,047,912
Tax 186,283 193,406 202,396
Net Profit After Tax 3,539,373 3,674,720 3,845,516
Accumulated Net Profit 3,539,373 7,214,093 11,059,610

INPUT CASH FLOW STATEMENT BALANCE SHEET FINANCIAL PERFORMANCE

© Ismail Ab.Wahab
 ADMINISTRATIVE BUDGET MARKETING BUDGET
Particulars F.Assets Monthly Exp. Others Total Particulars F.Assets
Fixed Assets
Land & Building - - Fixed Assets
Office equipment 2,000 2,000 Signboard 3,500
Renovation 1,250 1,250 0 -
0 - - 0 -
0 - - 0 -
Working Capital Working Capital
Salaries, wages,EPF & SOSCO 30,409 30,409 Promotion Cost
Maintenance 350 350 Youtube Advertising
0 - - 0
0 - - 0
0 - - 0
0 - - 0
0 - - 0
Pre-Operations & Other Expenditure Pre-Operations & Other Expenditure
Other Expenditure 100 Other Expenditure
Deposit (rent, utilities, etc.) 500 500 Deposit (rent, utilities, etc.)
Business Registration & Licences 100 100 Business Registration & Licences
Insurance & Road Tax for Motor Vehicle 250 250 Insurance & Road Tax for Motor Vehicle
Other Pre-Operations Expenditure - - Other Pre-Operations Expenditure
Total 3,250 30,759 950 34,859 Total 3,500
* Jangka hayat aset tetap: tahun Anggaran Jualan & Belian
Land & Building tiada Jualan
Bulan
Office equipment 5 (RM)
Renovation 5 1 344,222
0 5 2 344,222
0 5 3 344,222
Signboard 5 4 344,222
0 5 5 344,222
0 5 6 344,222
0 5 7 344,222
Equipment 5 8 344,222
0 5 9 344,222
0 5 10 344,222
0 5 11 344,222
 12 344,222
Kaedah susut nilai 1 Jumlah Tahun 1 4,130,660
1=garis lurus, 2=baki berkurangan Jumlah Tahun 2 4,279,726
Jumlah Tahun 3 4,474,259
#NAME?
#NAME?
% kenaikan tahun 2 0%
% kenaikan tahun 3 0%

Kutipan Jualan
Bulan semasa
1 bulan selepas jualan
2 bulan selepas jualan
Jumlah

Bayaran Kepada Pembekal

Bulan semasa
1 bulan selepas belian
2 bulan selepas belian
Jumlah
TING BUDGET OPERATIONS BUDGET
Monthly Exp. Others Total Particulars F.Assets Monthly Exp. Others Total

Fixed Assets
3,500 Equipment 54,600 54,600
- 0 - -
- 0 - -
- 0 - -
Working Capital
1,000 1,000 Raw Materials & Packaging - -
85 85 Carriage Inward & Duty - -
- - Utilities 250 250
- - Maintance 160 160
- - 0 - -
- - 0 - -
- - 0 - -
Pre-Operations & Other Expenditure
- Other Expenditure -
200 200 Deposit (rent, utilities, etc.) 500 500
- - Business Registration & Licences - -
- - Insurance & Road Tax for Motor Vehicle - -
- - Other Pre-Operations Expenditure - -
1,085 200 4,785 Total 54,600 410 500 55,510
an
Belian
(RM)
-
-
-
-
-
-
-
-
-
-
-
 -
-
-
-
#NAME?
#NAME?
0% Tahun 1 Tahun 2 Tahun 3
0% Nilai stok (RM)
Bahan mentah ### - -
Barang siap ### - -
100%
0% Kadar cukai (S### 5% 5%
0%
100% Kenaikan modal k 2% 4%

100%
0%
0%
100%
 ARTSPARRALLEL'MY
CASH FLOW PRO FORMA STA
MONTH Pre-Operations 1 2 3 4 5

CASH INFLOW
Capital (Cash) 0 0 0 0 0
Loan 104,779 0 0 0 0
Cash Sales 344,222 344,222 344,222 344,222 344,222
Collection of Accounts Receivable 0 0 0 0 0
TOTAL CASH INFLOW 104,779 344,222 344,222 344,222 344,222 344,222

CASH OUTFLOW
Administrative Expenditure
Salaries, wages,EPF & SOSCO 30,409 30,409 30,409 30,409 30,409
Maintenance 350 350 350 350 350
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
Marketing Expenditure
Promotion Cost 1,000 1,000 1,000 1,000 1,000
Youtube Advertising 85 85 85 85 85
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
Operations Expenditure
Cash Purchase 0 0 0 0 0
Payment of Account Payable 0 0 0 0 0
Carriage Inward & Duty 0 0 0 0 0
Salaries, EPF & SOCSO 250 250 250 250 250
Maintance 160 160 160 160 160
 0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
Other Expenditure 100
Pre-Operations
Deposit (rent, utilities, etc.) 1,200 0 0 0 0
0 100 0 0 0 0
Insurance & Road Tax for Motor Vehicle 250 0 0 0 0
Other Pre-Operations Expenditure 0 0 0 0 0
Fixed Assets
Purchase of Fixed Assets - Land & Building 0 0 0 0 0
Purchase of Fixed Assets - Others 61,350 0 0 0 0
Hire-Purchase Down Payment 0 0 0 0 0
Hire-Purchase Repayment:
Principal 0 0 0 0 0
Interest 0 0 0 0 0
Loan Repayment:
Principal 1,746 1,746 1,746 1,746 1,746
Interest 437 437 437 437 437
Tax Payable 0 0 0 0 0
TOTAL CASH OUTFLOW 62,900 34,537 34,437 34,437 34,437 34,437
CASH SURPLUS (DEFICIT) 41,879 309,685 309,785 309,785 309,785 309,785
BEGINNING CASH BALANCE 41,879 351,564 661,349 971,134 1,280,919
ENDING CASH BALANCE 41,879 351,564 661,349 971,134 1,280,919 1,590,704

INPUT INCOME STATEMENT BALANCE SHEET FINANCIAL PERFORMANCE

 ARTSPARRALLEL'MY
CASH FLOW PRO FORMA STATEMENT
6 7 8 9 10 11 12 TOTAL YR 1 YEAR 2

0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 104,779 0
344,222 344,222 344,222 344,222 344,222 344,222 344,222 4,130,660 4,279,726
0 0 0 0 0 0 0 0 0
344,222 344,222 344,222 344,222 344,222 344,222 344,222 4,235,439 4,279,726

30,409 30,409 30,409 30,409 30,409 30,409 30,409 364,905 372,203

350 350 350 350 350 350 350 4,200 4,284
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0

1,000 1,000 1,000 1,000 1,000 1,000 1,000 12,000 12,240

85 85 85 85 85 85 85 1,020 1,040
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
250 250 250 250 250 250 250 3,000 3,060
160 160 160 160 160 160 160 1,920 1,958
 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
100 102

0 0 0 0 0 0 0 1,200 0
0 0 0 0 0 0 0 100
0 0 0 0 0 0 0 250 250
0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 61,350 0
0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0

1,746 1,746 1,746 1,746 1,746 1,746 1,746 20,956 20,956

437 437 437 437 437 437 437 5,239 4,191
0 0 0 0 0 0 186,283 186,283 193,406
34,437 34,437 34,437 34,437 34,437 34,437 220,719 662,523 613,691
309,785 309,785 309,785 309,785 309,785 309,785 123,502 3,572,916 3,666,035
1,590,704 1,900,489 2,210,274 2,520,059 2,829,844 3,139,629 3,449,414 0 3,572,916
1,900,489 2,210,274 2,520,059 2,829,844 3,139,629 3,449,414 3,572,916 3,572,916 7,238,951

ANCE © Ismail Ab.Wahab

-
YEAR 3

0
0
4,474,259
0
4,474,259

387,091
4,455
0
0
0
0
0

12,730
1,082
0
0
0
0
0

0
0
0
3,182
2,037
 0
0
0
106

250

0
0
0

0
0

20,956
3,143
202,396
637,428
3,836,831
7,238,951
11,075,781

© Ismail Ab.Wahab
 ARTSPARRALLEL'MY
PRO-FORMA BALANCE SHEET
Year 1 Year 2 Year 3
ASSETS

Fixed Assets (Book Value)

Land & Building 0 0 0
Office equipment 1,600 1,200 800
Renovation 1,000 750 500
0 0 0 0
0 0 0 0
Signboard 2,800 2,100 1,400
0 0 0 0
0 0 0 0
0 0 0 0
Equipment 43,680 32,760 21,840
0 0 0 0
0 0 0 0
0 0 0 0
49,080 36,810 24,540
Current Assets
Stock of Raw Materials 0 0 0
Stock of Finished Goods 0 0 0
Accounts Receivable 0 0 0
Cash Balance 3,572,916 7,238,951 11,075,781
3,572,916 7,238,951 11,075,781
Other Assets
Deposit 1,200 1,200 1,200

TOTAL ASSETS 3,623,196 7,276,961 11,101,521

Owners' Equity
Capital 0 0 0
Accumulated Profit 3,539,373 7,214,093 11,059,610
3,539,373 7,214,093 11,059,610
Long Term Liabilities
Loan Balance 83,823 62,867 41,912
Hire-Purchase Balance 0 0 0
83,823 62,867 41,912
Current Liabilities
Accounts Payable 0 0 0

TOTAL EQUITY & LIABILITIES 3,623,196 7,276,961 11,101,521

INPUT CASH FLOW STATEMENT INCOME STATEMENT FINANCIAL PERFORMANCE

MANCE
 ARTSPARRALLEL'MY
FINANCIAL PERFORMANCE
Year 1 Year 2 Year 3
PROFITABILITY
Sales 4,130,660 4,279,726 4,474,259
Gross Profit 4,114,820 4,263,788 4,458,120
Profit Before Tax 3,725,656 3,868,127 4,047,912
Profit After Tax 3,539,373 3,674,720 3,845,516
Accumulated Profit 3,539,373 7,214,093 11,059,610
LIQUIDITY
Total Cash Inflow 4,235,439 4,279,726 4,474,259
Total Cash Outflow 662,523 613,691 637,428
Surplus (Deficit) 3,572,916 3,666,035 3,836,831
Accumulated Cash 3,572,916 7,238,951 11,075,781
SAFETY
Owners' Equity 3,539,373 7,214,093 11,059,610
Fixed Assets 49,080 36,810 24,540
Current Assets 3,572,916 7,238,951 11,075,781
Long Term Liabilities 83,823 62,867 41,912
Current Liabilities 0 0 0
FINANCIAL RATIOS
Profitability
Return on Sales 86% 86% 86%
Return on Equity 100% 51% 35%
Return on Investment 98% 50% 35%
Liquidity
Current Ratio #DIV/0! #DIV/0! #DIV/0!
Quick Ratio (Acid Test) #DIV/0! #DIV/0! #DIV/0!
Safety
Debt to Equity Ratio 0.0 0.0 0.0
G
BREAK-EVEN ANALYSIS
Break-Even Point (Sales) 402,196 408,730 423,360
Break-Even Point (%) 10% 10% 9%
INPUT CASH FLOW STATEMENT INCOME STATEMENT BALANCE
SHEET
 FINANCIAL PERFORMANCE

Return on Sales Return on Equity

86% 120%

100%

80%

60%
%

%
40%

20%

86% 0%
1 2 3 1 2
Year Year
 20%

86% 0%
1 2 3 1 2
Year Year

Return on Investment Debt to Equity Ratio

120% 0.0

100%

80%

Ratio
60% 0.0
%

40%

20%

0% 0.0
1 2 3 1 2
Year Year
on Equity

2 3
Year
 2 3
Year

Equity Ratio

2 3
Year