ABC INSTITUTION

December 31st
Unadjusted Trial Balance
Debit Credit
Cash $ 34,000
Accounts receivable -
Teaching supplies 10,000
Prepaid insurance 12,000
Prepaid rent 3,000
Professional library 35,000
Accumulated depreciation, professional library $ 12,000
Equipment 80,000
Accumulated depreciation, equipment 15,000
Accounts payable 26,000
Salaries payable -
Unearned training fees 12,500
ABC, capital 90,000
ABC, withdrawals 50,000
Tuition fees earned 123,900
Training fees earned 40,000
Depreciation expense, Professional library -
Depreciation expense, Equipment -
Salaries expense 50,000
Insurance expense -
Rent expense 33,000
Teaching supplies expense -
Advertising expense 6,000
Utilities expense 6,400
Total $ 319,400 $ 319,400

Income statement
For the year end 31 Dec N
Revenue 167,960
Tuition fees earned 123,900
Training fees earned 44,060

Expense 105,655
Depreciation expense,Equipment 1,925
Salaries expense 57,000
Rent expense 33,000
Teaching supplies expense 1,330
Advertising expense 6,000
Utilities expense 6,400
Next income 62,305

Balance sheet
At 31 December N
Current asset 61,070
Cash 34,000
Accounts receivable 3,400
Teaching supplies 8,670
Prepaid insurance 12,000
Prepaid rent 3,000
Non current asset 86,075
Professional library 35,000
Accumulated depreciation, professional library -12,000
Equipment 80,000
Accumulated depreciation, equipment -16,925
Total asset 147,145
Liabilities 44,840
Accounts payable 26,000
Salaries payable 7,000
Unearned training fees 11,840
Equity 102,305
ABC, capital 40,000
Net income 62,305
Total liabilities and equity 147,145
ON

Adjustments Adjusted Trial Balance

Debit Credit Debit Credit
$ 34,000
3,400 $ 3,400
1,330 $ 8,670
$ 12,000
$ 3,000
$ 35,000
$ 12,000
$ 80,000
1,925 16,925
26,000
7,000 7,000
660 11,840
90,000
50,000
123,900
4,060 44,060
-
1,925 1,925
7,000 57,000
-
33,000
1,330 1,330
6,000
6,400
14,315 14,315 $ 331,725 $ 331,725
 XYZ
BUSINESS PLAN FOR NEXT YEAR

Production Units Sales Units

Jan 900 350 550 157.14%
Feb 840 500 340 68.00%
Mar 860 350 510 145.71%
Apr 850 400 450 112.50%
May 700 400 300 75.00%
Jun 990 550 440 80.00%
Jul 900 500 400 80.00%
Aug 800 600 200 33.33%
Sep 850 650 200 30.77%
Oct 750 750 0 0.00%
Nov 910 850 60 7.06%
Dec 950 850 100 11.76%
Initial cash balance 140,000
Cost of equipment 624,000
New Borrowing 120,000
Principal payment each month 10,000

Jan Feb Mar Apr

Beginning borrowing 120,000 110,000 100,000 90,000
Interest 700 642 583 525
Principal payment 10,000 10,000 10,000 10,000
Ending borrowing 110,000 100,000 90,000 80,000

Jan Feb Mar Apr

Products(Sales units) 350 500 350 400
Revenue 59,500 85,000 59,500 68,000
COGS 17,500 25,000 17,500 20,000
Depreciation 13,000 13,000 13,000 13,000
Sale expense 5,950 8,500 5,950 6,800
R&D expense 2,975 4,250 2,975 3,400
Interest 700 642 583 525
Earnings before tax (EBT) 19,375 33,608 19,492 24,275
Tax expense 3,875 6,722 3,898 4,855
Net income (NI) 15,500 26,887 15,593 19,420

Jan Feb Mar Apr

Beginning cash balance 140,000 158,500 188,387 206,980
 Revenues 59,500 85,000 59,500 68,000
Income cash flow 59,500 85,000 59,500 68,000
COGS 17,500 25,000 17,500 20,000
Sale expense 5,950 8,500 5,950 6,800
R&D expense 2,975 4,250 2,975 3,400
Principal payment 10,000 10,000 10,000 10,000
Interest 700 642 583 525
Tax 3,875 6,722 3,898 4,855
Outcome cash flow 41,000 55,113 40,907 45,580
Net cash flow 18,500 29,887 18,593 22,420
Ending cash balance 158,500 188,387 206,980 229,400
 COGS/Unit 50
Price/unit 170
Sale expense 10%
R&D expense 5%
Interest 7% per year
Tax 20%

May Jun Jul Aug Sep Oct Nov Dec

80,000 70,000 60,000 50,000 40,000 30,000 20,000 10,000
467 408 350 292 233 175 117 58
10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000
70,000 60,000 50,000 40,000 30,000 20,000 10,000 -

May Jun Jul Aug Sep Oct Nov Dec

400 550 500 600 650 750 850 850
68,000 93,500 85,000 102,000 110,500 127,500 144,500 144,500
20,000 27,500 25,000 30,000 32,500 37,500 42,500 42,500
13,000 13,000 13,000 13,000 13,000 13,000 13,000 13,000
6,800 9,350 8,500 10,200 11,050 12,750 14,450 14,450
3,400 4,675 4,250 5,100 5,525 6,375 7,225 7,225
467 408 350 292 233 175 117 58
24,333 38,567 33,900 43,408 48,192 57,700 67,208 67,267
4,867 7,713 6,780 8,682 9,638 11,540 13,442 13,453
19,467 30,853 27,120 34,727 38,553 46,160 53,767 53,813

May Jun Jul Aug Sep Oct Nov Dec

229,400 251,867 285,720 315,840 353,567 395,120 444,280 501,047
 68,000 93,500 85,000 102,000 110,500 127,500 144,500 144,500
68,000 93,500 85,000 102,000 110,500 127,500 144,500 144,500
20,000 27,500 25,000 30,000 32,500 37,500 42,500 42,500
6,800 9,350 8,500 10,200 11,050 12,750 14,450 14,450
3,400 4,675 4,250 5,100 5,525 6,375 7,225 7,225
10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000
467 408 350 292 233 175 117 58
4,867 7,713 6,780 8,682 9,638 11,540 13,442 13,453
45,533 59,647 54,880 64,273 68,947 78,340 87,733 87,687
22,467 33,853 30,120 37,727 41,553 49,160 56,767 56,813
251,867 285,720 315,840 353,567 395,120 444,280 501,047 557,860
 Change
Item Year 2023 Year 2022
Amount
Gross profit 1,536,212,642,298 2,273,606,392,388 (737,393,750,090)
Operating profit 321,734,490,569 498,509,683,549 (176,775,192,980)
Net profit 135,183,911,458 374,655,514,295 (239,471,602,837)
Net sales revenue 8,649,616,206,146 12,535,183,485,036 (3,885,567,278,890)

Beginning assets 14,004,792,678,863 14,072,705,557,933 (67,912,879,070)

Ending assets 12,391,014,153,489 14,004,792,678,863 (1,613,778,525,374)
Average Asset 13,197,903,416,176 14,038,749,118,398 (840,845,702,222)
Beginning Shareholder's equity 7,052,727,626,794 6,894,642,652,941 158,084,973,853
Ending Shareholder's equity 7,113,919,575,033 7,052,727,626,794 61,191,948,239
Average Shareholder's Equity 7,083,323,600,914 6,973,685,139,868 109,638,461,046

COGS - Cost of Good sold 7,113,403,563,848 10,261,577,092,648 (3,148,173,528,800)

Beginning Inventory 2,212,305,861,196 2,494,656,323,857 (282,350,462,661)
Ending Inventory 1,072,280,080,528 2,212,305,861,196 (1,140,025,780,668)
Average Inventory 1,642,292,970,862 2,353,481,092,527 (711,188,121,665)
Net Credit Sales 8,649,616,206,146 12,535,183,485,036 (3,885,567,278,890)
Beginning Accounts Receivable 2,948,739,786,819 2,552,304,855,441 396,434,931,378
Ending Accounts Receivable 2,957,423,846,376 2,948,739,786,819 8,684,059,557
Average Accounts Receivable 2,953,081,816,598 2,750,522,321,130 202,559,495,468
Beginning Accounts Payable 548,948,813,688 779,148,963,652 (230,200,149,964)
Ending Accounts Payable 426,193,873,874 548,948,813,688 (122,754,939,814)
Average Accounts Payable 487,571,343,781 664,048,888,670 (176,477,544,889)
Net Credit Purchases 5,973,377,783,180 9,979,226,629,987 (4,005,848,846,807)

Current Assets 6,964,136,145,544 6,980,378,823,046 (16,242,677,502)

Current Liabilities 4,214,062,398,084 5,427,179,815,958 (1,213,117,417,874)
Inventory 1,072,280,080,528 2,212,305,861,196 (1,140,025,780,668)
Prepaid Expenses 16,314,483,828 23,673,597,175 (7,359,113,347)

Depreciation 246,420,591,720 267,355,732,940 20,935,141,220

Total Liabilities
EBIT - Earning before interest 5,277,094,578,456 6,952,065,052,069 1,674,970,473,613
and tax 564,033,318,342 743,541,857,891 179,508,539,549
Total Interest Payments 240,963,963,871 232,943,464,615 (8,020,499,256)
Shareholders' Equity 7,113,919,575,033 7,052,727,626,794 (61,191,948,239)
EBT (earning before tax) 323,069,354,471 510,598,393,276 187,529,038,805
Change
In Per
-32.43%
-35.46%
-63.92%
-31.00%

-0.48%
-11.52%
-5.99%
2.29%
0.87%
1.57%

-30.68%
-11.32%
-51.53%
-30.22%
-31.00%
15.53%
0.29%
7.36%
-29.55%
-22.36%
-26.58%
-40.14%

-0.23%
-22.35%
-51.53%
-31.09%

7.83%
24.09%
24.14%
3.44%
-0.87%
36.73%
 2023 2022 Change Change in %
Profitability
Gross profit margin 17.76% 18.14% -0.38% -2.1%
Operating profit margin 3.72% 3.98% -0.26% -6.5%
Net profit margin 1.56% 2.99% -1.43% -47.7%
ROA 1.02% 2.67% -1.64% -61.6%
ROE 1.91% 5.37% -3.46% -64.5%

Efficiency 2023 2022 Change Change in %

Inventory Turnover Ratio 433.14% 436.02% -2.88% -0.7%
Accounts Receivable Turnover Ratio 292.90% 455.74% -162.84% -35.7%
Accounts Payable Turnover Ratio 1225.13% 1502.78% -277.66% -18.5%
Assets Turnover Ratio 65.54% 89.29% -23.75% -26.6%
Day's Sales in Inventory 84.27 83.71 55.63% 0.7%

Liquidity 2023 2022 Change Change in %

Current Ratio 165.26% 128.62% 36.64% 28.5%
Quick Ratio 139.43% 87.42% 52.01% 59.5%

Solvency 2023 2022 Change Change in %

Solvency Ratio 7.23% 9.23% -2.00% -21.7%
Interest Coverage Ratio 234.07% 319.19% -85.12% -26.7%
Debt - to - Equity Ratio 74.18% 98.57% -24.39% -24.7%
Debt - to - Capital Ratio 42.59% 49.64% -7.05% -14.2%