Financial Aspect

Income Statement

Income Statement of Nicey Burger Junction Danao Branch

For the Month January 2014
Sales Php 88,380.00

Less:

Direct Materials(breakdown at 65,754.72

appendix)

Direct Labor 13,500.00

Prime Cost 79,254.72

Indirect Labor 2,632.78
Cost of Goods Sold 81,887.50
Gross Margin 6,492.50

Less:
Utility Expense 1,023.00
Administrative Selling and Marketing:
Salary and Wages 300.00
Depreciation (Refrigerator) 495.47
Net Income Before Tax: 4,674.03
Less:
Income Tax 560.88
Net Income After Tax 4,113.15
Rate of Return 4.65%
Balance Sheet

Balance Sheet of Nicey Burger Juncion Danao Branch

For the Month January 2014

Assets:
Current Assets: Php 12,959.65
Total Current Assets: 12,959.65
Land 70,000.00
Machinery and Equipment 22,400.00
Accumulated Depreciation of -641.67

Machinery and Equipment 15,000.00

Delivery Truck 60,000.00

Accumulated Depreciation of Delivery -2100
Truck
Building 60,000.00
Accumulated Depreciation of Building -376.67
Total Fixed Asset 224,923.33
Total Assets 237,882.98
Liabilities 0
Owner’s Equity
Capital 237,882.98
Cash Flow
Cash Flow Statement Company of Nicey Burger Junction On the Month of January
2014
   
Cash Flow From Operations    
Net Earnings       4,113.15
Additions to Cash      
Depreciation     1000
Decrease in Account Receivable   N/A
Increase In Accounts Payable   N/A
Increase in Taxes Payable   560.88
Subtraction From Cash    
Increase in Inventory   500
Net Cash From Operations   5174.03
Cash Flow From Investing    
Equipment     1000
Cash Flow From Financing    
Notes Payable     N/A
Cash Flow From the Month Of January 2014   4174.03
Financial Analysis
Summary of Profitability Ratio
For the Month January 2014

Net Profit
Ratio of Net Profit ¿ Gross Capital=
Gross Capital

Php 4,113.15
¿ =1.72
Php 237,882.98

Sales
Turnover Rate of Gross Capital=
GrossCapital

Php 88,380.00
¿ =37.51
Php 237,882.98 1

Net Sales
Turnover Rate of ¿ Assets=
¿ Assets
 Php 88,380.00
¿ =39.29
Php 224,923.33

Net Profit
Ratio of Net Profit ¿ Net Sales=
N et Sales

Php 4,113.15
¿ =4.65
Php 88,380.00