How will the 2021 balance sheet be projected?
Exhibit 2 Balance Sheets, 2017 - 2019 (GHC 000s except number of shares outstanding) Cash Accounts receivable Inventories Prepaid expenses Total current assets December 31, 2017 % OF SALES GHC 2,536 3.29% GHC 10,988 14.25% GHC 9,592 12.44% GHC 309 0.40% GHC 23,425 30.37% 2018 % OF SALES GHC 2,218 GHC 12,864 GHC 11,072 GHC 324 GHC 26,478 2.74% 15.89% 13.68% 0.40% 32.71% 2019 CRITERIA % OF SALES GHC 2,934 3.29% % OF SALE GHC 14,671 16.44% 60 DAYS OF SALES OUTSTANDING GHC 11,509 12.90% 52 days of cost of good sold GHC 357 0.40% 0.4% of sales GHC 29,471 33.02% Property, plant & equipme GHC 5,306 6.88% GHC 6,116 7.56% GHC 7,282 8.16% Beginning PP&E at cost + capital expenditures Beginning Accumulated Depreciation +7.5% of beginning PP&E 1.83% at cost 6.33% Less: Accumulated depre Net property, plant & equi GHC 792 GHC 4,514 1.03% 5.85% GHC 1,174 GHC 4,942 1.45% 6.10% GHC 1,633 GHC 5,649 Total assets GHC 27,939 36.22% GHC 31,420 38.81% GHC 35,120 39.35% 5.27% 10.96% Accounts payable Notes payable (a) Accrued expenses Income taxes payable Other current liabilities Total current liabilities GHC 3,084 GHC 6,620 GHC 563 GHC 151 GHC 478 GHC 10,896 4.00% 8.58% 0.73% 0.20% 0.62% 14.13% GHC 4,268 GHC 8,873 GHC 591 GHC 9 GHC 502 GHC 14,243 0.73% 0.01% 0.62% 17.59% GHC 3,929 GHC 10,132 GHC 652 GHC 167 GHC 554 GHC 15,434 4.40% 30 days of purchases 11.35% 0.73% of sales 0.73% 0.73% of sales 0.19% 10% of income taxes expense 0.62% 0.62% of sales 17.29% 0.02% Common stock at par vali Paid in capital in excess Retained eamings Total shareholders' equit GHC 15 GHC 7,980 GHC 9,048 GHC 17,043 10.35% 11.73% 22.10% GHC 15 GHC 7,980 GHC 9,048 GHC 17,043 0.02% 9.86% 11.18% 21.05% GHC 15 GHC 7,980 GHC 9,048 GHC 17,043 0.02% 8.94% 10.14% 19.10% Total liabilities & shareho GHC 27,939 36.22% GHC 31,286 38.65% GHC 32,477 36.39% Number of shares outstan 1,491,662 1,491,662 1,491,662 Exhibit 2 Balance Sheets, 2017 - 2019 (GHC 000s except number of shares outstanding) Cash Accounts receivable Inventories Prepaid expenses Total current assets December 31, 2017 % OF SALES GHC 2,536 3.29% GHC 10,988 14.25% GHC 9,592 12.44% GHC 309 0.40% GHC 23,425 30.37% 2018 % OF SALES GHC 2,218 GHC 12,864 GHC 11,072 GHC 324 GHC 26,478 2.74% 15.89% 13.68% 0.40% 32.71% 2019 CRITERIA % OF SALES GHC 2,934 3.29% % OF SALE GHC 14,671 16.44% 60 DAYS OF SALES OUTSTANDING GHC 11,509 12.90% 52 days of cost of good sold GHC 357 0.40% 0.4% of sales GHC 29,471 33.02% Property, plant & equipme GHC 5,306 6.88% GHC 6,116 7.56% GHC 7,282 8.16% Beginning PP&E at cost + capital expenditures Beginning Accumulated Depreciation +7.5% of beginning PP&E 1.83% at cost 6.33% Less: Accumulated depre Net property, plant & equi GHC 792 GHC 4,514 1.03% 5.85% GHC 1,174 GHC 4,942 1.45% 6.10% GHC 1,633 GHC 5,649 Total assets GHC 27,939 36.22% GHC 31,420 38.81% GHC 35,120 39.35% 5.27% 10.96% Accounts payable Notes payable (a) Accrued expenses Income taxes payable Other current liabilities Total current liabilities GHC 3,084 GHC 6,620 GHC 563 GHC 151 GHC 478 GHC 10,896 4.00% 8.58% 0.73% 0.20% 0.62% 14.13% GHC 4,268 GHC 8,873 GHC 591 GHC 9 GHC 502 GHC 14,243 0.73% 0.01% 0.62% 17.59% GHC 3,929 GHC 10,132 GHC 652 GHC 167 GHC 554 GHC 15,434 4.40% 30 days of purchases 11.35% 0.73% of sales 0.73% 0.73% of sales 0.19% 10% of income taxes expense 0.62% 0.62% of sales 17.29% 0.02% Common stock at par vali Paid in capital in excess Retained eamings Total shareholders' equit GHC 15 GHC 7,980 GHC 9,048 GHC 17,043 10.35% 11.73% 22.10% GHC 15 GHC 7,980 GHC 9,048 GHC 17,043 0.02% 9.86% 11.18% 21.05% GHC 15 GHC 7,980 GHC 9,048 GHC 17,043 0.02% 8.94% 10.14% 19.10% Total liabilities & shareho GHC 27,939 36.22% GHC 31,286 38.65% GHC 32,477 36.39% Number of shares outstan 1,491,662 1,491,662 1,491,662
