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Cells in yellow are inputs from 3-year FS. it must be changed based on Delete this instruction:
chosen company. Adjusted g.rate and Adjusted % of sales must be changed based on
(this must be in landscape upon copy pasting in chapter 7 strama implem and recom of strama paper strategies.
INCOME STATEMENT
HISTORICAL FORECASTS
2014 2015 2016 computer growth rate average g.rate adjusted g.rate 2017 computed % of Sales Adjusted % of sales 2018 2019 2020 2021
SALES REVENUES 28,615,525,767 31,522,818,382 34,376,785,317 10.16% 9.05% 9.61% 19.00% 40,908,374,527 100.00% 100.00% 48,680,965,687.40 57,930,349,168.01 68,937,115,509.93 82,035,167,456.82
Cost of Sales 27,294,503,826 29,217,150,073 31,997,682,802 7.04% 9.52% 8.28% 19.41% 38,208,433,034 93.40% 71.52% 34,817,621,143.99 41,432,969,161.35 49,305,233,302.01 58,673,227,629.39
Gross Margin 1,321,021,941 2,305,668,309 2,379,102,515 2,699,941,493 13,863,344,543 16,497,380,007 19,631,882,208 23,361,939,827

Distribution Costs 218,330,104 194,399,209 305,024,296 -10.96% 56.91% 22.97% 25.00% 381,280,370 0.93% 17.79% 8,659,813,794.49 10,305,178,415.44 12,263,162,314.37 14,593,163,154.10
Administrative Expenses 692,570,987 701,718,032 801,232,405 1.32% 14.18% 7.75% 15.89% 928,548,234 2.27% 5.42% 2,638,363,275.73 3,139,652,298.12 3,736,186,234.76 4,446,061,619.37
Training Expense 35,498,304 31,406,046 30,957,453 -11.53% -1.43% -6.48% 25.00% 38,696,816 0.09% 0.04% 19,482,744.40 23,184,465.84 27,589,514.35 32,831,522.08
Selling Costs -318,464,129 -281,063,626 -380,843,244 -11.74% 35.50% 11.88% 35.00% - 514,138,379 -1.26% 2.00% 973,619,313.75 1,158,606,983.36 1,378,742,310.20 1,640,703,349.14
TOTAL EXPENSES 627,935,266 646,459,661 756,370,910 834,387,041 12,291,279,128 14,626,622,163 17,405,680,374 20,712,759,645

INCOME BEFORE TAX 693,086,675 1,659,208,648 1,622,731,605 1,865,554,452 1,572,065,415 1,870,757,844 2,226,201,834 2,649,180,183
Income Tax Expense 431,682,376 592,117,966 610,364,406 37.17% 3.08% 20.12% 8.70% 663,466,109 721,187,660.83 783,930,987.33 852,132,983.22 926,268,552.76 notice that growth rate was used here
NET INCOME 219,616,800 1,067,090,682 1,012,367,199 1,202,088,343 850,877,754 1,086,826,857 1,374,068,851 1,722,911,630

Dividend 0 0 0 #DIV/0! #DIV/0! #DIV/0! 60.00% - - - - - notice that growth rate was used here

RETAINED EARNINGS AT THE END OF THE YEAR 219,616,800 1,067,090,682 1,012,367,199 1,202,088,343 850,877,754 1,086,826,857 1,374,068,851 1,722,911,630

Delete this instruction:

Cells in yellow are inputs from 3-year FS. it must be changed based on
chosen company.
 Delete this instruction:
BALANCE SHEET Cells in yellow are inputs from 3-year FS. it must be changed based on
chosen company.

ASSETS HISTORICAL FORECASTS

CURRENT ASSETS 2014 2015 2016 computer growth rate average adjusted g.rate 2017 % of Sales Adjusted % of sales 2018 2019 2020 2021
Cash 1,904,320,730 1,161,662,283 2,264,225,015 -39.00% 94.91% 27.96% 3.00% 2,332,151,765 5.70% 4.57% 2,225,199,429.52 2,647,987,321.12 3,151,104,912.14 3,749,814,845.44
Trade and Other Recievables 1,729,366,362 1,979,865,296 2,200,873,565 14.49% 11.16% 12.82% 30.00% 2,861,135,635 6.99% 1.91% 930,611,620.76 1,107,427,828.71 1,317,839,116.16 1,568,228,548.24
Inventories 2,091,270,653 4,635,974,388 3,589,467,234 121.68% -22.57% 49.55% 1.00% 3,625,361,906 8.86% 19.12% 9,309,018,878.16 11,077,732,465.01 13,182,501,633.36 15,687,176,943.70
Other Current Assets 509,312,485 979,252,910 1,223,594,112 92.27% 24.95% 58.61% 7.00% 1,309,245,700 3.20% 0.78% 381,003,589.79 453,394,271.85 539,539,183.50 642,051,628.37
TOTAL CURRENT ASSETS 6,234,272,244 8,756,756,892 9,278,161,942 10,127,895,006 12,845,833,518 15,286,541,887 18,190,984,845 21,647,271,966

NON-CURRENT ASSETS
Plant, Property and Equipment 4,223,447,484 4,019,517,499 4,017,987,224 -4.83% -0.04% -2.43% 8.53% 4,360,721,534 4,732,691,081.08 5,136,389,630.29 5,574,523,665.75 6,050,030,534.44
Other Assets 330,795,050 257,634,533 321,668,442 -22.12% 24.85% 1.37% 7.00% 344,185,233 1,104,972,398.64 1,104,972,398.64 1,104,972,398.64 1,104,972,398.64
TOTAL NON CURRENT ASSETS 4,554,242,534 4,277,152,032 4,339,655,666 4,704,906,767 5,837,663,480 6,241,362,029 6,679,496,064 7,155,002,933

TOTAL ASSETS ### ### ### 14,832,801,773 18,683,496,998 21,527, 903,916 24,870,480,910 28,802,274,899

LIABILITIES AND STOCKHOLDER'S EQUITY

LIABILITIES FORECASTS
CURRENT LIABILITIES 2017 % of Sales Adjusted % of sales 2018 2019 2020 2021
Trade and Other Payables 5,241,673,427 6,855,418,379 6,807,634,071 30.79% -0.70% 15.04% 2.00% 6,943,786,752 16.97% 14.45% 7,032,158,917.44 8,368,269,111.76 9,958,240,242.99 11,850,305,889.16
Loans Payable - Current 358,016,928 216,410,606 94,000,000 -39.55% -56.56% -48.06% 0.00% 94,000,000 94,000,000 94,000,000 94,000,000 94,000,000
Income Tax Payable 59,116,770 557,352,231 151,259,508 842.80% -72.86% 384.97% 0.00% 151,259,508 151,259,508 151,259,508 151,259,508 151,259,508
TOTAL CURRENT LIABILITIES 5,658,807,125 7,629,181,216 7,052,893,579 7,189,046,260 7,277,418,425 8,613,528,620 10,203,499,751 12,095,565,397

NON-CURRENT LIABILITIES
Long Term Debt 2,501,484,134 2,259,515,902 2,166,818,510 -9.67% -4.10% -6.89% 2.00% 2,210,154,880 2,254,357,978 2,299,445,137 2,345,434,040 2,392,342,721
Other Non-current Liabilities 165,679,929 159,714,887 137,472,384 -3.60% -13.93% -8.76% 0.00% 137,472,384 137,472,384 137,472,384 137,472,384 137,472,384
NON-CURRENT LIABILITIES 2,955,420,670 2,675,866,545 2,559,249,427 2,347,627,264 2,391,830,362 2,436,917,521 2,482,906,424 2,529,815,105
TOTAL LIABILITIES 8,614,227,795 10,305,047,761 9,612,143,006 9,536,673,525 9,669,248,787 11,050,446,141 12,686,406,175 14,625,380,502

STOCKHOLDERS EQUITY
Share Capital 896,906,660 884,684,258 1,342,740,419 -1.36% 51.78% 25.21% 0.00% 1,342,740,419 1,342,740,419 1,342,740,419 1,342,740,419 1,342,740,419
Cumulative Earnings 1,319,036,918 1,950,808,182 2,769,511,459 47.90% 41.97% 44.93% 70.00% 4,708,169,480 8,003,888,117 13,606,609,798 23,131,236,657 39,323,102,316
TOTAL STOCKHOLDER'S EQUITY 2,215,943,578 2,835,492,440 4,112,251,878 6,050,909,899 9,346,628,536 14,949,350,217 24,473,977,076 40,665,842,735

TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY 10,895,092,056 13,140,540,201 13,724,394,884 15,587,583,423.92 19,015,877,322.76 ### 37,160,383,250.81 55,291,223,237.48

Notice that "T.Assets" and "T.Liabilities and Stockholder E"

If not balanced, retained earnings can be adjusted to match the total liabilities and Stockholders E.
INCOME STATEMENT
HISTORICAL
2014 2015 2016
SALES REVENUES 77,093,134 83,914,687 99,736,862
Cost of Sales 49,961,503 62,386,053 71,088,913
Gross Margin 27,131,631 21,528,634 28,647,949

Distribution Costs 11,729,183 14,024,399 16,890,481

Administrative Expenses 4,135,710 4,664,402 5,550,500
Training Expense 21,150 29,500 38,000
Selling Costs 601,153 944,531 1,006,229

TOTAL EXPENSES 16,487,196 19,662,832 23,485,210

INCOME BEFORE TAX 10,644,435 1,865,802 5,162,739

Income Tax Expense 500,575 568,591 590,278
NET INCOME 10,143,860 1,297,211 4,572,461

Dividend 405,494 771,457 999,815

RETAINED EARNINGS AT THE END OF THE YEAR 9,738,366 525,754 3,572,646

BALANCE SHEET

ASSETS HISTORICAL
CURRENT ASSETS 2014 2015 2016
Cash 5,225,776 4,321,081 5,267,144
Trade and Other Recievables 1,165,772 1,026,395 1,745,294
Inventories 22,400,561 23,600,633 22,471,187
Other Current Assets 986,279 988,103 868,138
TOTAL CURRENT ASSETS 29,778,388 29,936,212 30,351,763

NON-CURRENT ASSETS
Plant, Property and Equipment 34,271,429 34,995,708 40,223,987
Other Assets 1,290,624 880,250 1,358,522
TOTAL NON CURRENT ASSETS 35,562,053 35,875,958 41,582,509

TOTAL ASSETS 65,340,441 65,812,170 71,934,272

LIABILITIES AND STOCKHOLDER'S EQUITY

LIABILITIES
CURRENT LIABILITIES
Trade and Other Payables 18,602,160 20,419,446 16,808,617
Loans Payable - Current 4,101,825 4,786,350 5,184,631
Income Tax Payable 500,575 568,591 664,764
TOTAL CURRENT LIABILITIES 23,204,560 25,774,387 22,658,012

NON-CURRENT LIABILITIES
Long Term Debt 38,164,424 37,737,967 39,440,468
Other Non-current Liabilities 0 0 0
NON-CURRENT LIABILITIES 38,164,424 37,737,967 39,440,468
TOTAL LIABILITIES 61,368,984 63,512,354 62,098,480

STOCKHOLDERS EQUITY
Share Capital 2,000,000 2,000,000 7,500,000
Cumulative Earnings 1,971,457 3,299,815 5,735,792
TOTAL STOCKHOLDER'S EQUITY 3,971,457 5,299,815 13,235,792

TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY 65,340,442 65,812,169 75,934,273

computer growth rate average adjusted g.rate 2017
8.85% 18.86% 13.85% 19.00% 118,686,866
24.87% 13.95% 19.41% 19.41% 84,887,271
33,799,595

19.57% 20.44% 20.00% 25.00% 21,113,101

12.78% 19.00% 15.89% 15.89% 6,432,474
39.48% 28.81% 34.15% 25.00% 47,500
57.12% 6.53% 31.83% 35.00% 1,358,409

28,951,485

4,848,110
13.59% 3.81% 8.70% 8.70% 641,632
4,206,478

90.25% 29.60% 59.93% 60.00% 1,599,704

2,606,774

computer growth rate average adjusted g.rate 2017

-17.31% 21.89% 2.29% 3.00% 5,425,158
-11.96% 70.04% 29.04% 30.00% 2,268,882
5.36% -4.79% 0.29% 1.00% 22,695,899
0.18% -12.14% -5.98% 7.00% 928,908
31,318,847

2.11% 14.94% 8.53% 8.53% 43,655,093

-31.80% 54.33% 11.27% 7.00% 1,453,619
45,108,712

76,427,559
 2017
9.77% -17.68% -3.96% 2.00% 17,144,789
16.69% 8.32% 12.50% 0.00% 5,184,631
13.59% 16.91% 15.25% 0.00% 664,764
22,994,184

-1.12% 4.51% 1.70% 2.00% 40,229,277

#DIV/0! #DIV/0! #DIV/0! 0.00% -
40,229,277
63,223,462

0.00% 275.00% 137.50% 0.00% 7,500,000

67.38% 73.82% 70.60% 70.00% 9,750,846
17,250,846

80,474,308.10

Notice that "T.Assets" and "T.Liabilities and Stockho

If not balanced, retained earnings can be adjusted to

 FORECASTS
computed % of Sales Adjusted % of sales 2018 2019 2020
100.00% 100.00% 141,237,370.28 168,072,470.63 200,006,240.05
71.52% 71.52% 101,015,852.51 120,208,864.48 143,048,548.73
40,221,518 47,863,606 56,957,691

17.79% 17.79% 25,124,590.49 29,898,262.68 35,578,932.59

5.42% 5.42% 7,654,644.60 9,109,027.07 10,839,742.21
0.04% 0.04% 56,525.00 67,264.75 80,045.05
1.14% 1.14% 1,616,506.89 1,923,643.20 2,289,135.40

34,452,267 40,998,198 48,787,855

5,769,251 6,865,408 8,169,836

697,454.19 758,132.70 824,090.25
5,071,797 6,107,276 7,345,746

2,559,526 4,095,242 6,552,387.58

2,512,270 2,012,034 793,358

FORECASTS
% of Sales 2018 2019 2020
4.57% 4.57% 6,455,938.40 7,682,566.70 9,142,254.37
1.91% 1.91% 2,699,969.82 3,212,964.08 3,823,427.26
19.12% 19.12% 27,008,119.66 32,139,662.39 38,246,198.24
0.78% 0.78% 1,105,400.12 1,315,426.14 1,565,357.10
37,269,428 44,350,619 52,777,237

47,378,872.53 51,420,290.36 55,806,441.13

7,654,644.60 7,654,644.60 7,654,644.60
55,033,517 59,074,935 63,461,086

92,302,945 103,425,554 116,238,323

FORECASTS
 % of Sales 2018 2019 2020
14.45% 14.45% 20,402,299.31 24,278,736.18 28,891,696.06
5,184,631 5,184,631 5,184,631
664,764 664,764 664,764
26,251,694 30,128,131 34,741,091

41,033,863 41,854,540 42,691,631

- - -
41,033,863 41,854,540 42,691,631
67,285,557 71,982,671 77,432,722

7,500,000 7,500,000 7,500,000

16,576,439 28,179,946 47,905,908
24,076,439 35,679,946 55,405,908

91,361,996.10 107,662,617.45 132,838,630.39

T.Assets" and "T.Liabilities and Stockholder E"

ed, retained earnings can be adjusted to match the total liabilities and Stockholders E.
 2021
238,007,425.66
170,227,772.99
67,779,653

42,338,929.78
12,899,293.23
95,253.61
2,724,071.13

58,057,548

9,722,105
895,786.10 notice that growth rate was used here
8,826,319

10,483,820 notice that growth rate was used here

-1,657,501

2021
10,879,282.70
4,549,878.44
45,512,975.91
1,862,774.95
62,804,912

60,566,730.55
7,654,644.60
68,221,375

131,026,287
 2021
34,381,118.31
5,184,631
664,764
40,230,513

43,545,464
-
43,545,464
83,775,977

7,500,000
81,440,044
88,940,044

172,716,021.12