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Income Statement Analysis 2010-2012

The document shows income statements and balance sheets for the years 2010-2012 for a company. In 2010, the company had net income of $17,500 on net sales of $520,000. In 2011, net income increased to $22,400 as net sales fell slightly to $480,000. By 2012, net income had increased substantially to $53,550 as net sales rose to $576,000. The balance sheets show the company's assets, which included increasing inventory and buildings/equipment, as well as liabilities and equity sections.

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Mary Grace Vhincelle Dee
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89 views2 pages

Income Statement Analysis 2010-2012

The document shows income statements and balance sheets for the years 2010-2012 for a company. In 2010, the company had net income of $17,500 on net sales of $520,000. In 2011, net income increased to $22,400 as net sales fell slightly to $480,000. By 2012, net income had increased substantially to $53,550 as net sales rose to $576,000. The balance sheets show the company's assets, which included increasing inventory and buildings/equipment, as well as liabilities and equity sections.

Uploaded by

Mary Grace Vhincelle Dee
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

2010

2011

2012

Income Statement
Net sales

520,000

100%

480,000

100%

576,000

Cost of goods sold


Gross margin

360,000
160,000

69%

315,000
165,000

66%

346,500
229,500

Operating expenses

128,600

25%

126,000

26%

146,000

1%

39,000
7,000

1%

83,500
7,000

Net operating income


Interest expense

31,400
6,400

Net income before


taxes

25,000

Less income taxes


(30%)
Net income

7,500
P 17,500

32,000
9,600
P 22,400

2%
5%

22,950
P 53,550

2010
12,000
60,000
80,000
3,000
40,000
120,000
315,000

4%
19%
25%
1%
13%
38%
100%

2011
23,500
40,000
100,000
1,200
40,000
85,000
289,700

8%
14%
35%
0%
14%
29%
100%

Liabilities and Stockholder's equity


Accounts payable
67,000
Notes payable
3,000
Bonds payable, 8%
75,000
Preffered stock
20,000
Common stock
60,000
Additional paid-in capital
10,000
Retained earnings
80,000
Total Liabilities and Equity
315,000

21%
1%
24%
6%
19%
3%
25%
100%

44,000
6,000
80,000
20,000
60,000
10,000
69,700
289,700

15%
2%
28%
7%
21%
3%
24%
100%

Assets
Cash
Accounts receivable, net
Inventory
Prepaid Expenses
Land
Buildings and equipment, net
Total Assets

1%
3%

76,500

100%
60%

25%

1%

4%
9%

2012
24,000
50,000
95,000
1,200
40,000
100,000
310,200

8%
16%
31%
0%
13%
32%
100%

50,000
6,000
80,000
20,000
60,000
10,000
84,200
310,200

16%
2%
26%
6%
19%
3%
27%
100%

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