2013-2014 2014-2015 2015-2016 2016-2017

SALES 1% 1% 2% 6%

COST OF SALES 0% 4% 2% 5%

GROSS INCOME 10% -16% 3% 14%

OPERATING EXPENSES
Selling expenses
General and administrative expenses
  -1% 2% 1% 20%
INOME FROM OPERATIONS 24% -33% 4% 5%
OTHER INCOME (CHARGES)
Interest income
Interest expense
  -52% -6% 14% 21%
INCOME BEFORE TAX 35% -34% 4% 3%

PROVISION FOR INCOME TAX 36% -43% 4% 17%

NET INCOME 35% -30% 4% -2%

PERCENTAGE CHANGE OF STATEMENT OF COMPREHENSIVE INCOME AND
EXPENSES

This table shows the percentage change of Transprint Corporation for the year 2013 to
2017. The entity’s sales are increasing gradually. Meanwhile, the entity’s costs of sales and
gross income are fluctuating. But, for the year 2014 to 2015 the gross income results to
negative which means that the entity could not control the increase in their production cost.
Furthermore, operating expenses of the entity are rapidly increasing. From 1% for the year 2015
to 2016, it becomes 20% by 2016 to 2017 which is alarming. That is the reason why the income
from operation is decreasing over the period of time. This indicates that the entity is not that
much profitable. Since in the table, it shows that the entity’s net income is fluctuating that
resulted to negative percentage for the recent year.

PERCENTAGE CHANGE OF STATEMENT OF FINANCIAL POSITION

 2013-2014 2014-2015 2015-2016 2016-2017
ASSETS
Current
Cash 100.32% -49.40% 319.79% 93.81%
Receivables 12.09% -14.35% 11.18% -13.43%
Inventories -19.82% -41.81% 69.31% 27.11%
Others -76.54% 17.93% -6.18% 11.00%
4.63% -17.61% 25.96% 4.33%
Noncurrent
Property and Equipment -6.12% -1.83% 0.34% 0.45%

TOTAL ASSETS -0.71% -10.20% 12.81% 2.56%

LIABILITIES AND STOCKHOLDER'S EQUITY

Current
Accounts payable 0.71% -0.45% 12.88% 28.31%
Current portion of loans payable -62.71% -12.31% -52.89% -29.62%
Others 8.03% -14.62% 11.00% 0.60%
-26.51% -5.08% -0.93% 18.72%
Noncurrent
Loans payable - net of current portion 580.72% -52.34% 96.73% -41.52%
Others -88.68% 0.00% 0.00% 23.54%
71.62% -49.71% 87.08% -38.05%
Stockholders' Equity
Share capital 0.00% 0.00% 0.00% 0.00%
Retained Earnings 23.15% 7.12% 9.50% 8.35%
Unappropriated
Appropriated
15.89% 5.19% 7.05% 6.34%

TOTAL LIABILITIES AND SHAREHOLDERS'

EQUITY -0.71% -10.20% 12.81% 2.56%

The table shows the percentage change for year 2013 to 2017. In 2013 to 2014, the
entity’s cash increased by 100.32%.. However, in year 2014 to 2015 the cash was decrease by
-49.40%. Although it was decrease in 2015, the entity still managed to increase its cash by
319.79% in 2016 but had a decrease in 2017. In different circumstance, the entity’s receivables
were increase by 12.09% in 2014 but decrease by 2.35% in 2015. Despite the fact that it was
decrease in 2015, the entity’s receivables increased by 11.18% for the year 2016 and had a
sudden decrease by 2.25% in 2017 which implies that the entity’s has a poor collection
management of its receivables. On the other hand, the inventory of the entity for the year 2016
was -6.18% and had a sudden increase of 11% in 2017. From year 2013, the entity’s total
assets had an increase of 12.81% in 2016 however it was decreases by 10.25% in 2017. On the
other hand, the entity’s current liabilities has continuously increasing from -26.51%, -5.08%, -
0.93% and 18.72% from 2013 to 2017 respectively. While the entity’s equity side has a
decreasing percentage from 2013 to 2017.
 INDEX NUMBER OF STATEMENT OF COMPREHENSIVE INCOME AND EXPENSES

  2013 2014 2015 2016 2017

SALES 100% 101% 103% 104% 111%

COST OF SALES 100% 100% 104% 106% 111%

GROSS INCOME 100% 110% 93% 95% 109%

OPERATING EXPENSES
Selling expenses
General and administrative expenses
  100% 99% 101% 102% 123%
INOME FROM OPERATIONS 100% 124% 83% 87% 91%
OTHER INCOME (CHARGES)
Interest income
Interest expense 100% 48% 45% 52% 65%
  100% 48% 45% 52% 62%
INCOME BEFORE TAX 100% 135% 89% 92% 95%

PROVISION FOR INCOME TAX 100% 136% 77% 80% 94%

NET INCOME 100% 135% 94% 98% 96%

The table shows the index trend analysis of Transprint Corporation’s Statement of
Comprehensive Income and Expenses for the year 2013 to 2017. In this trend analysis, the
analysts used the net profit (sales) and net sales/revenue (net income) accounts of the entity to
compute for net profit margin. As shown in the index trend, the net profit is increasing in a slow
manner as year goes by while the net income is decreasing. This means that the entity is not
gaining enough profit from their sales. Thus, the entity is not that much profitable.

Moreover, this table shows the trend analysis of Gross Income and sales accounts that
is used to solve for gross profit margin. As shown in the in the index trend, Gross profit (Gross
income) is fluctuating over the period of time while the net sales/revenue (sales) is increasing in
slow manner. This means that within five years, the entity is unable to control their production
cost as it goes higher overtime.
 INDEX NUMBER OF STATEMENT OF FINANCIAL POSITION

  2013 2014 2015 2016 2017

ASSETS
Current
Cash 100% 200.32% 101.36% 425.51% 824.68%
Receivables 100% 112.09% 96.01% 106.75% 92.41%
Inventories 100% 80.18% 46.66% 78.99% 100.41%
Others 100% 23.46% 27.67% 25.96% 28.82%
100% 104.63% 86.21% 108.58% 113.29%
Noncurrent
Property and Equipment 100% 93.88% 92.15% 92.47% 92.88%

TOTAL ASSETS 100% 99.29% 89.16% 100.58% 103.15%

LIABILITIES AND
STOCKHOLDER'S EQUITY
Current
Accounts payable 100% 100.71% 100.26% 113.17% 145.21%
Current portion of loans 100% 37.29% 32.70% 15.40% 10.84%
payable
Others 100% 108.03% 92.24% 102.39% 103.00%
100% 73.49% 69.75% 69.10% 82.04%
Noncurrent
Loans payable - net of 100% 680.72% 324.46% 638.29% 373.27%
current portion
Others 100% 11.32% 11.32% 11.32% 13.99%
100% 171.62% 86.31% 161.46% 100.02%
Stockholders' Equity
Share capital 100% 100.00% 100.00% 100.00% 100.00%
Retained Earnings 100% 123.15% 131.92% 144.45% 156.51%
Unappropriated
Appropriated
100% 115.89% 121.90% 130.50% 138.78%

TOTAL LIABILITIES AND 100% 99.29% 89.16% 100.58% 103.15%

SHAREHOLDERS' EQUITY

The table shows the index trend analysis of Transprint Corporation’s Statement of Financial
Position for the year 2013 to 2017. In analyzing the liquidity of the entity, current ratio and cash ratio
are one of the ratios that need to solve. To determine the current ratio, current asset will be divided by
current liabilities. In this case, as shown in the index trend current asset and current liabilities are
fluctuating over the period of time. Meanwhile, to determine the cash ratio, cash and cash equivalents
(cash) will be divided by current liabilities. As shown in the index trend, the cash and current liabilities
are also fluctuating over the period of time. Based on the tables, the current asset mainly composed of
accounts receivable while the current liability mainly composed of accounts payable. This means that
the entity cannot meet its short term obligation because most their current assets are receivable also
the accounts receivables are greater that their cash. It also indicates that the entity has poor collection
management.

ALTMAN Z-SCORE
   Weight  2013 2014 2015 2016 2017
Working -12,488,850 35,612,863 14,952,442 48,147,011 34,690,478
Capital
Total 285,730,047 283,697,414 254,759,334 287,386,897 294,744,782
Ratio A Assets 1.2
-0.0437086 0.1255312 0.0586924 0.1675338 0.1176967

Retained 65,603,576 80,792,707 86,543,123 94,764,876 102,677,792

Earnings
Total 285,730,047 283,697,414 254,759,334 287,386,897 294,744,782
Ratio B Assets 1.4
0.22959985 0.28478478 0.33970541 0.32974668 0.34836170

23,490,003 29,184,893 19,546,952 20,409,745 21,455,156

EBIT
Total 285,730,047 283,697,414 254,759,334 287,386,897 294,744,782
Ratio C Assets 3.3
0.08221048 0.10287331 0.07672713 0.07101836 0.07279232

Market
95,603,576 110,792,707 116,543,123 124,764,876 132,677,792
Value of
equity
Ratio D Total 0.6 190,126,472 172,904,708 138,216,211 162,622,021 162,066,990
Liabilities
0.502842003 0.640773223 0.843194312 0.767207757 0.818660185

402,904,616 408,363,690 413,382,840 420,365,042 446,658,234

Sales
Total 285,730,047 283,697,414 254,759,334 287,386,897 294,744,782
Ratio E Assets 0.99
1.410088369 1.439433953 1.622640606 1.462714711 1.515406756

Z-Score
2.18 2.59 2.94 2.80 2.87

Indicator  Safe Zone  Safe Zone  Safe Zone  Safe Zone  Safe Zone

From 2013 to 2017, the entity is consistently in Safe Zone. This means that the entity is
less likely to experience bankruptcy for the future years.