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Trend Analysis

On The Dot Trading's financial position as of December 31, 2017 shows total assets of $3,368,000, total liabilities of $1,330,000 and total owner's equity of $2,038,000. When compared to the prior two years, current assets increased slightly while property, plant and equipment decreased slightly. Both total liabilities and owner's equity increased in 2017 compared to prior years. The income statement for the year ended December 31, 2017 shows net sales increased 38.1% to $4,972,000. Gross profit and operating income also increased compared to prior years while interest expense and net income decreased slightly. Overall, the company saw higher sales, profits, and owner's

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141 views

Trend Analysis

On The Dot Trading's financial position as of December 31, 2017 shows total assets of $3,368,000, total liabilities of $1,330,000 and total owner's equity of $2,038,000. When compared to the prior two years, current assets increased slightly while property, plant and equipment decreased slightly. Both total liabilities and owner's equity increased in 2017 compared to prior years. The income statement for the year ended December 31, 2017 shows net sales increased 38.1% to $4,972,000. Gross profit and operating income also increased compared to prior years while interest expense and net income decreased slightly. Overall, the company saw higher sales, profits, and owner's

Uploaded by

CPAREVIEW
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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On The Dot Trading

Statement of Financial Position


As of December 31
2017 2016 2015 2017 2016 2015
Current Asset
Cash 158,000 84,000 70,000 225.7 120.0 100
Short-Term Investment 130,000 192,000 200,000 65.0 96.0 100
Accounts Receivable 240,000 200,000 180,000 133.3 111.1 100
Merchandise Inventory 500,000 530,000 550,000 90.9 96.4 100
Total Current Asset 1,028,000 1,006,000 1,000,000 102.8 100.6 100
Property,Plant,Equipment 2,340,000 2,350,000 2,360,000 99.2 99.6 100
Total Asset 3,368,000 3,356,000 3,360,000 100.2 99.9 100

Total Liabilities and Owner's Equity


Current Liabilities 530,000 584,000 600,000 88.3 97.3 100
Non-Current Liabilities 800,000 840,000 860,000 93.0 97.7 100
Total Liabilities 1,330,000 1,424,000 1,460,000 91.1 97.5 100
Owner's Equity 2,038,000 1,932,000 1,900,000 107.3 101.7 100
Total Liabilities and Owner's Equity 3,368,000 3,356,000 3,360,000 100.2 99.9 100

On The Dot Trading


Income Statement
For the Year Ended December 31
2017 2016 2015 2017 2016 2015
Net Sales 4,972 4,150 3,600.0 138.1 115.3 100
Cost of Goods Sold 3,046 2,444 2,200.0 138.5 111.1 100
Gross Profit 1,926 1,706 1,400.0 137.6 121.9 100
Selling and Administrative Expense 1,556 1,500 1,200.0 129.7 125.0 100
Operating Income 370 206 200.0 185.0 103.0 100
Interest Expense 88 92 84.0 104.8 109.5 100
Income Before Income Taxes 282 114 116.0 243.1 98.3 100
Income Before Tax Expense 94 42 37.2 252.7 112.9 100
Net Income 188 72 78.8 238.6 91.4 100

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