EXCELTEMPLATE COMPANY INC.

BALANCE SHEET
For The Year Ended Dec, 31 2020

2020
1 ASSETS
2
3 Current Assets
4 CASH - Petty Cash 200.00
5 CASH - Operating Account 1,324.15
6 Obligation 3,691.50
7 Other Cash/Obligation 1 0.00
8 Other Cash/Obligation 2 0.00
9 Other Cash/Obligation 3 0.00
10 Other Cash/Obligation 4 0.00
11 Other Cash/Obligation 5 0.00
12 Total Cash and Obligation 5,215.65
13 Account Receivables 4,956.70
14 Product Inventory 4,588.75
15 Office Inventory 78.50
16 PREPAID - Insurance 275.00
17 PREPAID - Rent 550.00
18 Other 1 0.00
19 Other 2 0.00
20 Other 3 0.00
21 Other 4 0.00
22 Other 5 0.00
23 Total Non Cash 10,448.95
24 Total Current Assets 15,664.60
25
26 Fixed Assets
27 PPE - Computer Equipment 900.00
28 ACCUM DEPR - Machinery and Equipment (81.25)
29 PPE - Vehicles 6,000.00
30 ACCUM DEPR - Vehicles (550.00)
31 Other 1 0.00
32 Other 2 0.00
33 Other 3 0.00
34 Other 4 0.00
35 Other 5 0.00
36 Other 6 0.00
37 Total Fixed Assets 6,268.75
38
39 TOTAL ASSETS 21,933.35
40
41 LIABILITIES & OWNER'S EQUITY
42
43 Current Liabilities
44 A/P - Trade 4,724.35
45 Unearned Revenue 0.00
46 VAT - Input (248.35)
47 VAT - Output 613.10
48 Other 1 0.00
49 Other 2 0.00
50 Other 3 0.00
51 Other 4 0.00
52 Other 5 0.00
53 Other 6 0.00
54 Total Current Liabilities 5,089.10
55
56 Long Term Liabilities
57 Financial Company Long Term Debts 10,000.00
58 Other 1 0.00
59 Other 2 0.00
60 Other 3 0.00
61 Other 4 0.00
62 Other 5 0.00
63 Total Long Term Liabilities 10,000.00
64 Total Liabilities 15,089.10
65
66 Owner's Equity
67 Owner's Capital 1 11,500.00
68 Owner's Capital 2 9,000.00
69 Owner's Capital 3 0.00
70 Owner's Capital 4 0.00
71 Owner's Capital 5 0.00
72 Total Owner's Capital 20,500.00
73 Retained Earnings 3,181.50
74 Current Earnings 2,162.75
75 Owner's 1 Withdrawal 0.00
76 Owner's 1 Withdrawal 0.00
77 Other 1 0.00
78 Other 2 0.00
79 Other 3 0.00
80 Other 4 0.00
81 Other 5 0.00
82 Other 6 0.00
83 Total Other Equity 5,344.25
84 Total Owner's Equity 25,844.25
 85
86 TOTAL LIABILITIES & OWNER EQUITIES 40,933.35
87
88
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91
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100
 EXCELTEMPLATE COMPANY INC.
PROFIT LOSS STATEMENT
For The Year Ended Dec, 31 2020

2020
1 REVENUE
2 REVENUE - All Products 7,355.00
3 Sales Discounts - All Products (434.00)
4 Sales Returns and Allowances - All Products (790.00)
5 Other 1 0.00
6 Other 2 0.00
7 Other 3 0.00
8 Other 4 0.00
9 Other 5 0.00
10 Other 6 0.00
11 Other 7 0.00
12 Other 8 0.00
13 Other 9 0.00
14 Other 10 0.00
15 Other 11 0.00
16 Other 12 0.00
17 Other 13 0.00
18 Other 14 0.00
19 Other 15 0.00
20 Total Revenue 6,131.00
21
22 COST OF SALES
23 Beginning Inventory 5,204.65
24 Purchase - All Products 3,105.00
25 Purchase Discounts - All Products (54.75)
26 Purchase Returns and Allowances - All Products (566.75)
27 Ending Inventory (4,588.75)
28 Other 1 0.00
29 Other 2 0.00
30 Other 3 0.00
31 Other 4 0.00
32 Other 5 0.00
33 Other 6 0.00
34 Other 7 0.00
35 Other 8 0.00
36 Other 9 0.00
37 Other 10 0.00
38 Total CoGS 3,099.40
39 Gross Profit/Loss 3,031.60
40
41 EXPENSES
42 EXP - Salaries 600.00
43 EXP - Administration 0.00
44 EXP - Electricity, Water, Phone 65.00
45 EXP - Rent 50.00
46 EXP - Insurance 25.00
47 EXP - Repair and Maintenance 28.50
48 EXP - Office Supplies 27.50
49 EXP - Depreciation Equipment 6.25
50 EXP - Depreciation Vehicles 50.00
51 EXP - Other 27.60
52 Other 1 0.00
53 Other 2 0.00
54 Other 3 0.00
55 Other 4 0.00
56 Other 5 0.00
57 Other 6 0.00
58 Other 7 0.00
59 Other 8 0.00
60 Other 9 0.00
61 Other 10 0.00
62 Other 11 0.00
63 Total Expenses 879.85
64 Gross Profit/Loss 2,151.75
65
66 OTHER INCOME/EXPENSES
67 Finance Charge Income 12.50
68 EXP - Bank Charges (1.50)
69 Other 1 0.00
70 Other 2 0.00
71 Other 3 0.00
72 Other 4 0.00
73 Other 5 0.00
74 Other 6 0.00
75 Other 7 0.00
76 Other 8 0.00
77 Other 9 0.00
78 Total Other Income/Expenses 11.00
79 Net Profit/Loss 2,140.75
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 4
L
FINANCIAL
I RATIO CALCULATION 2020
Q
U
Current Assets u 24 15,664.60
I 1 Current Ratio = = 307.81%
Current Liabilities u 54 5,089.10
D
I Current Assets (Cash & Obligation) u 12 5,215.65
2 Cash Ratio = = 102.49%
T Current Liabilities u 54 5,089.10
Y Current Assets (Cash, Obligation and Account Receivables) u 12 + 13 10,172.35
3 Quick Ratio = = 199.89%
Current Liabilities u 54 5,089.10
R
S
Net Working Current Assets - Current Liabilities (Net Working Capital) u 24 - 54 10,575.50
A
O 4 = = 48.22%
Capital Ratio Total Assets u 39 21,933.35
T
L
I
V Total Liabilities u 64 15,089.10
5 Debt Ratio = = 68.80%
O
E Total Assets u 39 21,933.35
S
N Debt to Equity Total Debts (Long Term Liabilities) u 63 10,000.00
C 6 = = 38.69%
Ratio Total Equity u 84 25,844.25
Y
Total Equity u 84 25,844.25
7 Equity Ratio = = 118%
R Total Assets u 39 21,933.35
A Interest Coverage Earning Before Interest and Taxes u 64 2,151.75
A 8 = = #DIV/0!
T Ratio Interest Payments u -
CI
T Working Capital Sales Revenue u 20 6,131.00
O 9 = = 0.58
Turnover Current Assets - Current Liabilities u 24 - 54 10,575.50
SI
V CoGS u 38 3,099.40
10 Inventory Turnover = = 0.68
I Inventory u 14 4,588.75
T
= Sales Revenue u 20 6,131.00 =
Y 11 Assets Turnover 0.28
Total Assets u 39 21,933.35

R Receivable = Sales Revenue u 20 6,131.00 =

12 1.34
A Turnover Inventory u 14 4,588.75
P
T Average Collection = 360 or 365 days u 365 =
RI 13 273.18
Period Receivable Turnover u 1.34
O
O
F
S = Net Profit u 79 2,140.75 =
14 Net Profit Margin 34.92%
I Sales Revenue u 20 6,131.00
T
= Gross Profit u 39 3,031.60 =
A 15 Gross Profit Margin 49.45%
Sales Revenue u 20 6,131.00
B
I = Gross Profit after Expenses u 64 2,151.75 =
16 Operating Margin 35.10%
L Sales Revenue u 20 6,131.00
I Return on Assets = Net Profit u 79 2,140.75 =
T 17 9.76%
(ROA) Total Assets u 39 21,933.35
Y
Return on Equity = Net Profit u 79 2,140.75 =
18 8.28%
(ROE) Total Equity u 84 25,844.25
R
A Basic Earning = Gross Profit after Expenses u 64 2,151.75 =
19 0.10
T Power Ratio Total Assets u 39 21,933.35
I
= Other u =
O 20 Other 1 #DIV/0!
Other u
S

BS Taken from Balance Sheet Report

PnL Taken from Profit and Loss Statement

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