A 1 2 3 BEAUTY SHOP CONSOLIDATED INCOME STATEMENT FOR THE YEARS ENDED DECEMBER 31, 2018-2019 4 5 2019 2018 6 REVENUES 7 Sales 700,000 $ 600,000 $ 8 Less: Sales return and Allowance 15,000 $ 10,000 $ 9 Net sales 685,000 $ 590,000 $ 0 Less: Cost of goods sold 350,000 $ 300,000 $ 1 Gross Profit 2 3 EXPENSES 335,000 $ 290,000 $ 4 Sales and admin expense 60,000 $ 50,000 $ 5 Interest fees - long-term debt 25,650 $ 25,000 $ 5 Interest fees - short-term debt 2,200 $ 1,900 $ Depreciation expense 35,000 $ 35,000 $ B Total Expenses 122,850 $ 111,900 $ Net income before tax 212,150 $ 178,100 $ Tax income 84,860 $ 71,240 $ Net Profit 127,290 $ 106,860 $ Profit per stock (20 000) 6.36 $ 5.34 $ E BEAUTY SHOP CONSOLIDATED BALANCE SHEET DECEMBER 31, 2019-2018 2019 2018 ASSETS Current Assets Bank Accounts receivable Inventory Prepaid Accounts Total Current Assets Other Assets Investment Fixed assets Total Other Assets TOTAL ASSETS 75,000 $ 80,000 $ 89,000 $ 100,000 $ 65,000 $ 55,000 $ 15,000 $ 15,000 $ 244,000 $250,000 $ 17,000 $ 15,000 $ 450,000 $400,000 $ 467,000 $415,000 $ 711,000 $ 665,000 $ LIABILITIES Liabilities Short-term Accounts payable Income tax to pay Bank loan Total Short-term Liabilities Long-term Liabilities Long-term debt TOTAL LIABILITIES STOCKHOLDER'S EQUITY Deferred income tax Shareholder's equity, and profit of the year TOTAL STOCKHOLDER'S EQUITY TOTAL LIABILITIES + STOCKHOLDER'S EQUITY 78,000 $ 70,000 $ 22,000 $ 25,000 $ 7,500 $ 15,000 $ 107,500 $110,000 $ 112,000 $ 150,000 $ 219,500 $260,000 $ 60,650 $ 20,000 $ 430,850 $ 385,000 $ 405,000 $ 491,500 $ 711,000 $ 665,000 $ 2 CURRENT RATIO 3 4 CASH RATIO 5 5 LIABILITIES TO ASSETS 7 FINANCIAL EXPENSE COVERAGE O INVENTORY TURNOVER RATIO 2 AVERAGE COLLECTION TIME A/R FIXED ASSETS TURNOVER RATIO TOTAL ASSETS TURNOVER RATIO GROSS PROFIT ON NET SALES NET PROFIT ON NET SALES NET RETURN ON TOTAL ASSETS