Assignment 1
Assignment 1
Assignment 1
Finman 3
Financial Analysis and Reporting
LIABILITIES
Current Liabilities
Accounts Payable ₱ 300,000.00 ₱ 750,000.00
Accruals ₱ 1,250,000.00 ₱ 1,250,000.00
Notes Payable ₱ 750,000.00 ₱ 500,000.00
Short-Term Debts ₱ 700,000.00 ₱ 1,400,000.00
Total Current Liabilities ₱ 3,000,000.00 ₱ 3,900,000.00
Non-Current Liabilities
Long-Term Debt ₱ 12,000,000.00 ₱ 12,513,500.00
Notes Payable, long ₱ 200,000.00 ₱ 200,000.00
Total Non-Current Liabilities ₱ 12,200,000.00 ₱ 12,713,500.00
TOTAL LIABILITIES ₱ 15,200,000.00 ₱ 16,613,500.00
STOCKHOLDER'S EQUITY
Additional Paid in Capital ₱ 300,000.00 ₱ 600,000.00
Common Stock ₱ 3,340,000.00 ₱ 4,175,000.00
Preferred Stock ₱ 750,000.00 ₱ 500,000.00
Total Stockholder's Equity ₱ 4,390,000.00 ₱ 5,275,000.00
TOTAL LIABILITIES AND SE ₱ 19,590,000.00 ₱ 21,888,500.00
Eastern Home Corporation
STATEMENT OF OPERATIONS
At December 31, 2021 and 2022
2021 2022
Net Sales ₱ 3,500,000.00 ₱ 6,675,000.00
Less: Cost of Goods Sold ₱ 793,800.00 ₱ 1,468,500.00
Gross Income ₱ 2,706,200.00 ₱ 5,206,500.00
Less: Operating Profit
G&A Expenses
Lease Expense ₱ 420,000.00 ₱ 432,600.00
Salaries Expense ₱ 568,000.00 ₱ 602,080.00
Depreciation Expense ₱ 979,000.00 ₱ 979,000.00
Total G&A ₱ 1,967,000.00 ₱ 2,013,680.00
Selling Expense
Advertising Expense ₱ 95,000.00 ₱ 190,000.00
Marketing Expense ₱ 125,000.00 ₱ 250,000.00
Total Selling Expense ₱ 220,000.00 ₱ 440,000.00
Total Operating Expense ₱ 2,187,000.00 ₱ 2,453,680.00
Operating Income ₱ 519,200.00 ₱ 2,752,820.00
Less: Interest Expense ₱ 95,000.00 ₱ 190,000.00
Earning Before Taxes ₱ 424,200.00 ₱ 2,562,820.00
Less: Taxes (30%) ₱ 127,260.00 ₱ 768,846.00
Net Profit ₱ 296,940.00 ₱ 1,793,974.00
Less: Preferred Dividends ₱ 37,500.00 ₱ 37,500.00
Earnings Available to Common Stockholders ₱ 259,440.00 ₱ 1,756,474.00