Fundamentals of Accountancy, Business, and Management 2

Assignment 4B Module 4

Montales, Jason C.
12 ABM 4

On The Dot Trading

Statement of Financial Position
As of December 31

ASSETS 2017 Percent 2016 Percent

Current Assets
Cash 158 000 4.7 84 000 2.5
Short-Term Investments 130 000 3.9 192 000 5.7
Accounts Receivable (net) 240 000 7.1 200 000 6.0
Merchandise Inventory 500 000 14.8 530 000 15.8
Total Current Assets 1 028 000 30.5 1 006 000 30.0
Property, Plant & Equipment 2 340 000 69.5 2 350 000 70.0
TOTAL ASSETS 3 368 000// 100// 3 356 000// 100//

LIABILITIES and OWNER’S

EQUITY
Current Liabilities 530 000 15.7 584 000 17.4
Non-Current Liabilities 800 000 23.8 840 000 25.0
TOTAL LIABILITIES 1 330 000 39.5 1 424 000 42.4
OWNER’S EQUITY 2 038 000 60.5 1 932 000 57.6
TOTAL LIABILITIES & 3 368 000// 100// 3 356 000// 100//
OWNER’S EQUITY

On The Dot Trading

Income Statement
For the Years Ended December 31
(in millions)

2017 Percent 2016 Percent

Net Sales 4 972 100 4 150 100
Cost of Goods Sold 3 046 61.3 2 444 58.9
Gross Profit 1 926 38.7 1 706 41.1
Selling & Administrative Expenses 1 556 31.3 1 500 36.1
Operating Income 370 7.4 206 5.0
Interest Expense 88 1.8 92 2.2
Income Before Income Taxes 282 5.7 114 2.7
Income Tax Expense 94 1.9 42 1.0
Net Income 188// 38// 72// 1.7//
 On The Dot Trading
Statement of Financial Position
As of December 31

ASSETS 2017 2016 2015

Current Assets
Cash 158 000 84 000 70 000
Short-Term Investments 130 000 192 000 200 000
Accounts Receivable (net) 240 000 200 000 180 000
Merchandise Inventory 500 000 530 000 550 000
Total Current Assets 1 028 000 1 006 000 1 000 000
Property, Plant & Equipment 2 340 000 2 350 000 2 360 000
TOTAL ASSETS 3 368 000// 3 356 000// 3 360 000

LIABILITIES and OWNER’S

EQUITY
Current Liabilities 530 000 584 000 600 000
Non-Current Liabilities 800 000 840 000 860 000
TOTAL LIABILITIES 1 330 000 1 424 000 1 460 000
OWNER’S EQUITY 2 038 000 1 932 000 1 900 000
TOTAL LIABILITIES & 3 368 000// 3 356 000// 3 360 000
OWNER’S EQUITY

On The Dot Trading

Statement of Financial Position
As of December 31

ASSETS 2017 2016 2015

Current Assets
Cash 225.7 120 100
Short-Term Investments 65 96 100
Accounts Receivable (net) 133.3 111.1 100
Merchandise Inventory 90.9 96.4 100
Total Current Assets 102.8 100.6 100
Property, Plant & Equipment 99.2 99.6 100
TOTAL ASSETS 100.2// 99.9// 100

LIABILITIES and OWNER’S

EQUITY
Current Liabilities 88.3 97.3 100
Non-Current Liabilities 93.0 97.7 100
TOTAL LIABILITIES 91.1 97.5 100
OWNER’S EQUITY 107.3 101.7 100
TOTAL LIABILITIES & 100.2// 99.9// 100
OWNER’S EQUITY
 On The Dot Trading
Income Statement
For the Years Ended December 31
(in millions)

2017 2016 2015

Net Sales 4 972 4 150 3 600.0
Cost of Goods Sold 3 046 2 444 2 200.0
Gross Profit 1 926 1 706 1 400.0
Selling & Administrative Expenses 1 556 1 500 1 200.0
Operating Income 370 206 200.0
Interest Expense 88 92 84.0
Income Before Income Taxes 282 114 116.0
Income Tax Expense 94 42 37.2
Net Income 188// 72// 78.7

On The Dot Trading

Income Statement
For the Years Ended December 31
(in millions)

2017 2016 2015

Net Sales 138.1 115.3 100
Cost of Goods Sold 138.5 111.1 100
Gross Profit 137.6 121.9 100
Selling & Administrative Expenses 129.7 125 100
Operating Income 185 103 100
Interest Expense 104.8 109.5 100
Income Before Income Taxes 243.1 98.3 100
Income Tax Expense 252.7 112.9 100
Net Income 238.9 91.5 100