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Since 1996, JaxWorks has offered a suite of Free Excel workbooks and spreadsheets, and associated MS Word, PDF

and HTML
documents, that cover a number of financial, accounting and sales functions. These are invaluable small business tools.

Also included Free are:


- business plan tools, including spreadsheets and excellent instructions
- Excel functions glossary and guide;
- free training courses for most Microsoft Office applications. These guides are in PDF format and rival commercial books!
- comprehensive list of acronyms, ratios and formulas in customer financial analysis, and financial terms;
- suite of online calculators, including, breakeven analysis, productivity analysis, business evaluation;
- Altman Z-Score (covering publicly and privately held firms, and small businesses);
- and payroll analysis.

If you are involved in financial analysis at any level, or want to learn more about MS Excel and other applications in the Office
suite this site is invaluable.

© Copyright, 2010, Jaxworks, All Rights Reserved.


DATA SHEET

Year of Projection 2006


Corporation Type (C or S)? C 'C' Corporation format selected; income taxes WILL be computed
Enter Period 2 Enter Period: 1 = Quarter, 2 = Year
Operating Data 1st Year 2nd Year 3rd Year 4th Year
Days sales in accounts receivable 30 30 30 30
Days materials cost in inventory 30 30 30 30
Days finished goods in inventory 45 45 45 45
Days materials cost in payables 60 60 60 60
Days payroll expense accrued 7 7 7 7
Days operating expense accrued 20 20 20 20

Expense Data
Direct labor as % of sales 16.00% of sales $320,000 $240,000 $208,000 $321,616
Other payroll as % of sales 12.00% of sales $240,000 $180,000 $156,000 $241,212
Payroll taxes as % of payroll 10.00% of payroll $56,000 $42,000 $36,400 $56,283
Insurance as % of payroll 5.00% of payroll $28,000 $21,000 $18,200 $28,141
Legal/accounting as % of sales 2.00% of sales $40,000 $30,000 $26,000 $40,202
Office overhead as % of sales 3.00% of sales $60,000 $45,000 $39,000 $60,303

Financing Data (0 on) Depreciation Capital Current Portion LT Portion Rate


Long term debt $100,000 $500,000 10.00%
Short-term debt $50,000 10.00%
Capital stock issued $100,000
Additional paid-in capital $50,000
Accumulated depreciation (as of -1) $400,000

© Copyright, 2010, JaxWorks, All Rights Reserved.


© Copyright, 2010, JaxWorks, All Rights Reserved.
INCOME STATEMENT

Forecasted Total
1st Year 2nd Year 3rd Year 4th Year 4 Years
Sales
Sales $2,000,000 $1,500,000 $1,300,000 $2,010,100 $6,810,100
Cost of sales $945,000 $865,000 $833,000 $1,071,616 $3,714,616

Gross profit $1,055,000 $635,000 $467,000 $938,484 $3,095,484

Expenses
Operating expenses $424,000 $318,000 $275,600 $426,141 $1,443,741
Interest $16,250 $16,250 $16,250 $16,250 $65,000
Depreciation $32,500 $33,958 $33,958 $33,958 $134,374
Amortization $1,250 $1,250 $1,250 $1,250 $5,000
Total expenses $474,000 $369,458 $327,058 $477,599 $1,648,115

Operating income $581,000 $265,542 $139,942 $460,885 $1,447,369

Other income and expenses


Gain (loss) on sale of assets $100,000 $10,000 $3,000 $405,700 $518,700
Other (net) $20,000 $50,000 $100,000 $200,000 $370,000
Subtotal $120,000 $60,000 $103,000 $605,700 $888,700

Income before tax $701,000 $325,542 $242,942 $1,066,585 $2,336,069


Please enter a tax percentage
Taxes @ 30% $210,300 $97,663 $72,883 $319,975 $700,821

Net income $490,700 $227,879 $170,059 $746,609 $1,635,248

Retained earnings-beginning $1,400,000 $1,890,700 $2,118,579 $2,288,638 $1,400,000

Dividends paid $0 $0 $0 $50,000 $50,000

Retained earnings-ending $1,890,700 $2,118,579 $2,288,638 $2,985,247 $2,985,248

Detailed Supporting Information

Cost of sales
Direct labor $320,000 $240,000 $208,000 $321,616 $1,089,616
Materials $500,000 $500,000 $500,000 $500,000 $2,000,000
Other costs $125,000 $125,000 $125,000 $250,000 $625,000

Depreciation: Enter the numbers of years.


30 year Buildings $12,500 $12,083 $12,083 $12,083 $48,749
10 year Equipment $20,000 $21,875 $21,875 $21,875 $85,625

Interest: Percentages from Data sheet


10.00% Long-Term $1,250 $1,250 $1,250 $1,250 $5,000
10.00% Short-Term $15,000 $15,000 $15,000 $15,000 $60,000

© Copyright, 2010, JaxWorks, All Rights Reserved.


BALANCE SHEET

Actual Forecast
2005 1st Year 2nd Year 3rd Year 4th Year
ASSETS
Current Assets
Cash and cash equivalents $451,000 $90,360 $289,233 $614,196 $1,267,364
Accounts receivable $350,000 $657,534 $493,151 $427,397 $660,855
Inventory $400,000 $630,411 $590,959 $575,178 $692,852
Other current assets $10,000 $60,000 $45,090 $76,320 $50,000
Total Current Assets $1,211,000 $1,438,305 $1,418,433 $1,693,091 $2,671,071

Fixed Assets
Land $100,000 $112,500 $125,000 $137,500 $150,000
Buildings $1,500,000 $1,450,000 $1,450,000 $1,450,000 $1,450,000
Equipment $800,000 $875,000 $875,000 $875,000 $875,000
Subtotal $2,400,000 $2,437,500 $2,450,000 $2,462,500 $2,475,000
Less-accumulated depreciation $400,000 $432,500 $466,458 $500,416 $534,374
Total Fixed Assets $2,000,000 $2,005,000 $1,983,542 $1,962,084 $1,940,626

Intangible Assets
Cost $50,000 $50,000 $50,000 $50,000 $50,000
Less-accumulated amortization $20,000 $21,250 $22,500 $23,750 $25,000
Total Intangible Assets $30,000 $28,750 $27,500 $26,250 $25,000

Other assets $25,000 $33,000 $120,000 $5,000 $23,000


Total Assets $3,266,000 $3,505,055 $3,549,475 $3,686,425 $4,659,697

Actual Forecast
LIABILITIES AND 2005 1st Year 2nd Year 3rd Year 4th Year
STOCKHOLDERS' EQUITY
Current Liabilities
Accounts payable $600,000 $328,767 $328,767 $328,767 $328,767
Notes payable $100,000 $50,000 $50,000 $50,000 $50,000
Current portion of long-term debt $100,000 $100,000 $100,000 $100,000 $100,000
Income taxes $30,000 $183,300 $70,663 $45,883 $292,975
Accrued expenses $90,000 $83,288 $62,466 $54,137 $83,708
Other current liabilities $16,000 $12,000 $12,000 $12,000 $12,000
Total Current Liabilities $936,000 $757,355 $623,896 $590,787 $867,450

Non-Current Liabilities
Long-term debt $600,000 $500,000 $500,000 $500,000 $500,000
Deferred income $100,000 $90,000 $90,000 $90,000 $90,000
Deferred income taxes $30,000 $27,000 $27,000 $27,000 $27,000
Other long-term liabilities $50,000 $90,000 $40,000 $40,000 $40,000

Total Liabilities $1,716,000 $1,464,355 $1,280,896 $1,247,787 $1,524,450

Stockholders' Equity
Capital stock issued $100,000 $100,000 $100,000 $100,000 $100,000
Additional paid in capital $50,000 $50,000 $50,000 $50,000 $50,000
Retained earnings $1,400,000 $1,890,700 $2,118,579 $2,288,638 $2,985,247
Other $0 $0 $0 $0 $0
$1,550,000 $2,040,700 $2,268,579 $2,438,638 $3,135,247

Total Liabilities and Equity $3,266,000 $3,505,055 $3,549,475 $3,686,425 $4,659,697

"C" Corporation (Y/N) Y


Cash balance positive or (negative) Positive Positive Positive Positive Positive
Amount sheet is out-of-balance $0 $0 $0 $0 $0
Amount cash flow out-of-balance $0 $0 $0 $0

© Copyright, 2010, JaxWorks, All Rights Reserved.


CASH FLOW STATEMENT

Forecasted Total
1st Year 2nd Year 3rd Year 4th Year 4 Years
Cash from operations
Net earnings (loss) $490,700 $227,879 $170,059 $746,609 $1,635,247
Add-depreciation and amortization $33,750 $35,208 $35,208 $35,208 $139,374

Net cash from operations $524,450 $263,087 $205,267 $781,817 $1,774,621

Cash provided (used) by


operating activities
Accounts Receivable ($307,534) $164,383 $65,754 ($233,458) ($310,855)
Inventory ($230,411) $39,452 $15,781 ($117,674) ($292,852)
Other current assets ($50,000) $14,910 ($31,230) $26,320 ($40,000)
Other non-current assets ($8,000) ($87,000) $115,000 ($18,000) $2,000
Accounts payable ($271,233) $0 $0 $0 ($271,233)
Current portion of long-term debt $0 $0 $0 $0 $0
Income taxes $153,300 ($112,637) ($24,780) $247,092 $262,975
Accrued expenses ($6,712) ($20,822) ($8,329) $29,571 ($6,292)
Other current liabilities ($4,000) $0 $0 $0 ($4,000)
Dividends paid $0 $0 $0 ($50,000) ($50,000)

Net cash from operations ($724,590) ($1,714) $132,196 ($116,149) ($710,257)

Investment transactions
Increases (decreases)
Land $12,500 $12,500 $12,500 $12,500 $50,000
Buildings and improvements ($50,000) $0 $0 $0 ($50,000)
Equipment $75,000 $0 $0 $0 $75,000
Intangible assets $0 $0 $0 $0 $0

Net cash from investments $37,500 $12,500 $12,500 $12,500 $75,000

Financing transactions
Increases (decreases)
Short term notes payable ($50,000) $0 $0 $0 ($50,000)
Long term debt ($100,000) $0 $0 $0 ($100,000)
Deferred income ($10,000) $0 $0 $0 ($10,000)
Deferred income taxes ($3,000) $0 $0 $0 ($3,000)
Other long-term liabilities $40,000 ($50,000) $0 $0 ($10,000)
Capital stock and paid in capital $0 $0 $0 $0 $0

Net cash from financing ($123,000) ($50,000) $0 $0 ($173,000)

Net increase (decrease) in cash ($360,640) $198,873 $324,963 $653,168 $816,364

Cash at beginning of period $451,000 $90,360 $289,233 $614,196 $451,000

Cash at the end of period $90,360 $289,233 $614,196 $1,267,364 $1,267,364

© Copyright, 2010, JaxWorks, All Rights Reserved.


CASH FLOW PROJECTIONS

Current Forecasted-Linear Regression Analysis


1st Year 2nd Year 3rd Year 4th Year 5th Year 6th Year
Cash from operations 1 2 3 4 5 6
Net earnings (loss) $490,700 $227,879 $170,059 $746,609 $586,289 $657,279
Add-depreciation and amortization $33,750 $35,208 $35,208 $35,208 $35,937 $36,374

Net cash from operations $524,450 $263,087 $205,267 $781,817 $622,226 $693,654

Cash provided (used) by


operating activities
Accounts Receivable ($307,534) $164,383 $65,754 ($233,458) ($46,814) ($34,454)
Inventory ($230,411) $39,452 $15,781 ($117,674) $5,422 $36,876
Other current assets ($50,000) $14,910 ($31,230) $26,320 $35,705 $53,987
Other non-current assets ($8,000) ($87,000) $115,000 ($18,000) $43,500 $60,700
Accounts payable ($271,233) $0 $0 $0 $135,617 $216,986
Current portion of long-term debt $0 $0 $0 $0 $0 $0
Income taxes $153,300 ($112,637) ($24,780) $247,092 $158,052 $194,975
Accrued expenses ($6,712) ($20,822) ($8,329) $29,571 $28,763 $40,897
Other current liabilities ($4,000) $0 $0 $0 $2,000 $3,200
Dividends paid $0 $0 $0 ($50,000) ($50,000) ($65,000)

Net cash from operations ($724,590) ($1,714) $132,196 ($116,149) $312,244 $508,167

Investment transactions
Increases (decreases)
Land $12,500 $12,500 $12,500 $12,500 $12,500 $12,500
Buildings and improvements ($50,000) $0 $0 $0 $25,000 $40,000
Equipment $75,000 $0 $0 $0 ($37,500) ($60,000)
Intangible assets $0 $0 $0 $0 $0 $0

Net cash from investments $37,500 $12,500 $12,500 $12,500 $0 ($7,500)

Financing transactions
Increases (decreases)
Short term notes payable ($50,000) $0 $0 $0 $25,000 $40,000
Long term debt ($100,000) $0 $0 $0 $50,000 $80,000
Deferred income ($10,000) $0 $0 $0 $5,000 $8,000
Deferred income taxes ($3,000) $0 $0 $0 $1,500 $2,400
Other long-term liabilities $40,000 ($50,000) $0 $0 ($20,000) ($27,000)
Capital stock and paid in capital $0 $0 $0 $0 $0 $0

Net cash from financing ($123,000) ($50,000) $0 $0 $61,500 $103,400

Net increase (decrease) in cash ($360,640) $198,873 $324,963 $653,168 $995,970 $1,312,721

Cash at beginning of period $451,000 $90,360 $289,233 $614,196 $533,313 $602,159

Cash at the end of period $90,360 $289,233 $614,196 $1,267,364 $1,529,282 $1,914,880

© Copyright, 2006, JaxWorks, All Rights Reserved.


Forecasted-Linear Regression Analysis
7th Year 8th Year
7 8
$728,270 $799,261
$36,812 $37,249

$765,082 $836,510

($22,094) ($9,734)
$68,330 $99,784
$72,269 $90,551
$77,900 $95,100
$298,356 $379,726
$0 $0
$231,899 $268,822
$53,031 $65,165
$4,400 $5,600
($80,000) ($95,000)

$704,091 $900,014

$12,500 $12,500
$55,000 $70,000
($82,500) ($105,000)
$0 $0

($15,000) ($22,500)

$55,000 $70,000
$110,000 $140,000
$11,000 $14,000
$3,300 $4,200
($34,000) ($41,000)
$0 $0

$145,300 $187,200

$1,629,472 $1,946,224

$671,005 $739,851

$2,300,477 $2,686,075

© Copyright, 2006, JaxWorks, All Rights Reserved.


DATA CHART

60

50
Number of Days

40

30

20

10

0
1st Year 2nd Year 3rd Year 4th Year
Turnover

Days sales in accounts receivable Days materials cost in inventory Days finished goods in inventory
Days materials cost in payables Days payroll expense accrued Days operating expense accrued

© Copyright, 2006, JaxWorks, All Rights Reserved.


ASSET CHART

$3,000,000

$2,500,000

$2,000,000

$1,500,000

$1,000,000

$500,000

$0
1st Year 2nd Year 3rd Year 4th Year

Row 21 Row 29 Row 34

© Copyright, 2006, JaxWorks, All Rights Reserved.


INCOME CHART

$2,500,000

$2,000,000

$1,500,000

$1,000,000

$500,000

$0
1st Year 2nd Year 3rd Year 4th Year

Row 15 Row 18 Row 21 Row 27

© Copyright, 2006, JaxWorks, All Rights Reserved.


Copyright Notice
© 2010, JaxWorks
All rights reserved.
Specifications are subject to change without notice.

JaxWorks Corporate Analysis™ is a registered trademark of Jaxworks. All other brands or products are trademarks or registered trademarks of their
holders and should be treated as such.

NOTICES REGARDING SOFTWARE, DOCUMENTS AND SERVICES.

IN NO EVENT SHALL JAXWORKS BE LIABLE FOR ANY SPECIAL, INDIRECT OR CONSEQUENTIAL DAMAGES OR ANY DAMAGES WHATSOE
RESULTING FROM LOSS OF USE, DATA OR PROFITS, WHETHER IN AN ACTION OF CONTRACT, NEGLIGENCE OR OTHER TORTIOUS ACT
OUT OF OR IN CONNECTION WITH THE USE OR PERFORMANCE OF SOFTWARE, DOCUMENTS, PROVISION OF OR FAILURE TO PROVIDE
INFORMATION AVAILABLE FROM THIS PROGRAM.

© Copyright, 1996-2004, JaxWorks, All Rights Reserved.


Copyright Notice

Jaxworks. All other brands or products are trademarks or registered trademarks of their respective

ERVICES.

PECIAL, INDIRECT OR CONSEQUENTIAL DAMAGES OR ANY DAMAGES WHATSOEVER


HETHER IN AN ACTION OF CONTRACT, NEGLIGENCE OR OTHER TORTIOUS ACTION, ARISING
RMANCE OF SOFTWARE, DOCUMENTS, PROVISION OF OR FAILURE TO PROVIDE SERVICES, OR

© Copyright, 1996-2004, JaxWorks, All Rights Reserved.