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Prepare Income Statement and Balance Sheet For 5 Years

The document provides financial information over 5 years from 2013 to 2018 to prepare income statements and balance sheets. It includes details on sales growth, asset and liability ratios, costs, depreciation, interest and tax rates. The income statements show sales increasing each year along with costs, profits, taxes paid and retained earnings. The balance sheets show increases in assets such as cash, current assets and fixed assets each year along with matching increases in total liabilities and equity.

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muhammad farhan
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173 views

Prepare Income Statement and Balance Sheet For 5 Years

The document provides financial information over 5 years from 2013 to 2018 to prepare income statements and balance sheets. It includes details on sales growth, asset and liability ratios, costs, depreciation, interest and tax rates. The income statements show sales increasing each year along with costs, profits, taxes paid and retained earnings. The balance sheets show increases in assets such as cash, current assets and fixed assets each year along with matching increases in total liabilities and equity.

Uploaded by

muhammad farhan
Copyright
© © All Rights Reserved
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Prepare Income statement and Balanc

Sales Growth 15%


Current asset/Sales 20%
Current Liabilities/Sales 12%
Net fixed assset/sales 55%
cost of goods sold /sales 50%
depreciation rate 12%
interest rate on debt 10%
interest rate on cash and marketable securiries 15%
tax rate 40%
divident pay out ratio 30%

year 2013 2014 2015 2016


Income Statement
Sales 3000 3450 3968 4563
Cost of goods sold -800 -1725 -1984 -2281
Interest payment on debt -56 -45 -45 -45
Interest earned on cash and marketable securities 14 58 122 185
depreciation -225 -313 -377 -464
profit before tax 1933 1426 1684 1957
taxes -551 -570 -674 -783
Profit after tax 1382 855 1011 1174
dividend -287 -257 -303 -352
retained earnings 1095 599 707 822

Balance Sheet
Cash and Marketable securities 150 625 1007 1453
current assets 550 690 793.5 912.525
fixed assets
at cost 2400 2810 3472 4263
depreciation -600 -913 -1290 -1754
net fixed assets 1800 1897.5 2182.125 2509.444
Total assets 2500 3213 3982 4875

current liabilities 300 414 476.1 547.515


debt 450 450 450 450
stock 650 650 650 650
accumulated retained earnings 1100 1699 2406 3228
Total Liabilies and equity 2500 3213 3982 4875
statement and Balance sheet for 5 years

2017 2018

5247 6034
-2624 -3017
-45 -45
257 342
-568 -692
2267 2621
-907 -1048
1360 1573
-408 -472
952 1101

1975 2580
1049.404 1206.814

5208 6333
-2322 -3014
2885.86 3318.739
5910 7105

629.6423 724.0886
450 450
650 650
4180 5281
5910 7105

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