Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Calculate the ratio analysis for the financial statement below. Statement of Cash Flow 2019 $ 2020 $ 2021 $ Opening Balance 25,000 26,000 28,000 Cash

Calculate the ratio analysis for the financial statement below.

Statement of Cash Flow

2019 $

2020 $

2021 $

Opening Balance

25,000

26,000

28,000

Cash Received from

Donors

115,000

120,000

128,000

Total Cash Received

115,000

120,000

128,000

Cash Paid for

Supplies

41,000

47,000

55,000

Rent

2900

2900

2900

Income Tax

12,000

12,500

13,000

Total Cash Paid

55,900

62,400

70,900

Net Cash Flow Operations

27,000

28,000

28,800

Income Statements

2019 $

2020 $

2021 $

Sales Revenue

32,000

45,000

55,000

Cost of Sales

(12,000)

(18,000)

(24,000)

Gross Profit

15,000

20,000

30,000

Operating Expenses

Rent

2900

2900

2900

Advertising

5000

6000

7000

Total Operating Expenses

(5800)

(7500)

(8800)

Operating income

(6700)

(7900)

(9000)

Net Income

(6700)

(7900)

(9000)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Public Finance In Canada

Authors: Harvey Rosen, Beverly George Dahlby, Roger Smith, Jean-Francois Wen, Tracy Snoddon

3rd Canadian Edition

0070951659, 978-0070951655

More Books

Students also viewed these Finance questions