Factors Considered Amount Cash Discount

Net Sales for 2007 2700 Tax

CGS for 2006 as a % of net sales
Operating Expenses in 2007 as a % of 2006 Net Sales Particulars
Interest Expenses of 2007 at 32 ( 8 * 4 quarters) 32 Net Sales
Tax rate : 35% 35% COGS
Cash 23 Change %
Days Receivable, Days Inventory as that of 2006 OPEX
PPE remains constant in 2007 Change %
Accrued Expenses 14 INT
AP days vary according to availing or skipping CD
Other things remain the same as that of 2006

They should skip the discount Income Sheet (200

Particulars
Net Sales
COGS
Gross Profit
Operating Expenses
Interest Expenses
Profit Before Tax
Tax
Profit After Tax
 2% 0%
35%

2004 2005 2006 2007 Particulars 2004

1624 1916 2242 Accounts Receivable
1304 1535 1818 Inventory
80.30% 80.11% 81.09% Properties and Equipment
272 307 347 Accumalated Depreciation
16.75% 16.02% 15.48% Owner's Equity
8 Long Term Debt

Income Sheet (2006) Balance Sheet (2006)

AD SD Particulars AD
2700.0 2700.0 Assets
2145.6 2189.4 Cash 23
554.4 510.6 AR 317.930
417.9 417.9 Inv 447.294
32.0 32.0 TCA 788.225
104.5 60.7 GPPE 252
36.6 21.3 Acc Dep -166.0
67.9 39.5 Net PPE 86.0
TA 874.2
Liabilities
AP 58.783
LOC (Balancing Figure 2) 356.5
AE 14
CPLTD 24

TCL (Balancing Figure 1) 453.3

LTD 110
OE 310.9
TLOE 874.2
 2005 2006 2007 Calculations
264 Days Receivable 42.979
379 Days Inventory 76.092
252
-134 Days Payable
243 AD SD
134 10 30

Monthly Rate
AD SD
24 24
006)
SD

23
317.930
456.423
797.353
252
-166.0
86.0
883.4

179.949
272.9
14
24

490.9
110
282.5
883.4
 Income Sheet (2011-12)
Particulars Nov Dec Jan Feb Mar Apr May Jun
Gross Sales 27.2 22.1 26.2 28.9 44.5 88 138.9 175.9
Excise Duty 4.08 3.315 3.93 4.335 6.675 13.2 20.835 26.385
Net sales 22.27 24.565 37.825 74.8 118.065 149.515
COGS 19.3094 21.2993 32.7965 64.8560 102.3693 129.6383
Gross Profit 2.9606 3.2657 5.0285 9.9440 15.6957 19.8767
Opera Ex 4.545 4.545 4.545 4.545 4.545 4.545
Dep 0.8 0.8 0.9 0.9 0.9 0.9
Int 0.10 0.21 0.57 1.44 2.61 3.72
PBT -2.5219 -2.3274 -0.9576 3.0896 7.6741 10.7115
TAX -0.75657 -0.698227 -0.287273 0.926868 2.302244 3.213452
PAT -1.7653 -1.6292 -0.6703 2.1627 5.3719 7.4981
DIV 0 0 5 0 0 5
RE -1.7653 -1.6292 -5.6703 2.1627 5.3719 2.4981

Excise Duty 15%

RM (Purchase) 55%
DLC 34%
OPEX 6%
Annual Gross 909.00
Dep 10%
Interest Rate 15%
Tax 30%
Accounts Payable 50%
 Balance Sheet (2011-12)
Particulars Nov Dec Jan Feb Mar Apr May Jun
Cash 7.5 7.5 7.5 7.5 7.5 7.5 7.5 7.5
AR 26.7 27.74 32.90 50.12 102.98 179.98 247.52
Inv 45.0716 80.4938 140.5483 198.4116 218.6956 166.7657
TCA 34.2 80.3116 120.8938 198.1683 308.8916 406.1756 421.7857
GPPE 100.9 100.9 100.9 104.4 104.4 104.4 107.9
Acc Dep 15.6 16.5 17.4 18.2 19.1 20.0
Net PPE 85.3 84.4 87.0 86.2 85.3 87.9
TA 165.6 205.3 285.2 395.1 491.5 509.7
AP 12.2375 24.2 38.1975 48.3725 44.88 23.595
NP 17.16 47.26 119.13 215.71 307.95 341.73
AE -0.9 -1.65657 -2.354797 -2.64207 -1.715202 0.587042 3.800493

TCL 27.74 69.11 154.68 262.37 353.41 369.13

OE 139.6 137.8347 136.2055 130.5352 132.6979 138.0698 140.5678
TLOE 165.6 205.3 285.2 395.1 491.5 509.7
NP 8
DEP 14.8
Jan Feb Mar Apr May Jun
OB 34.5 45.0716 80.4938 140.5483 198.4116 218.6956
+MP 24.475 48.4 76.395 96.745 89.76 47.19
+DLC 5.406 8.3215 16.456 25.9743 32.8933 30.5184
-CGS 19.3094 21.2993 32.7965 64.8560 102.3693 129.6383
CB 45.0716 80.4938 140.5483 198.4116 218.6956 166.7657
 Income Sheet
Particulars Nov Dec Jan Feb Mar Apr May Jun
Gross Sales 27.20 22.10 26.20 28.90 44.50 88.00 138.90 175.90
Excise Duty 4.08 3.32 3.93 4.34 6.68 13.20 20.84 26.39
Net sales 22.27 24.57 37.83 74.80 118.07 149.52
COGS 19.31 21.30 32.80 64.86 102.37 129.64
Gross Profit 2.96 3.27 5.03 9.94 15.70 19.88
Opera Ex 4.55 4.55 4.55 4.55 4.55 4.55
Dep 0.84 0.84 0.87 0.87 0.87 0.90
Int 0.10 0.06 0.03 0.48 1.23 2.16
PBT -2.52 -2.18 -0.41 4.05 9.05 12.27
TAX -0.76 -0.65 -0.12 1.22 2.72 3.68
PAT -1.77 -1.53 -0.29 2.84 6.34 8.59
DIV 0.00 0.00 5.00 0.00 0.00 5.00
RE -1.77 -1.53 -5.29 2.84 6.34 3.59

Excise Duty 15%

RM (Purchase) 55%
DLC 34%
OPEX 6%
Annual Gross 909.00
Dep 10%
Interest Rate 14.5%
Tax 30%
Accounts Payable 50%
 Balanc
Jul Aug Sep Oct Nov Dec Particulars Nov Dec
163.20 85.80 50.30 44.50 35.30 27.70 Cash 7.50 7.50
24.48 12.87 7.55 6.68 5.30 4.16 AR 26.70
138.72 72.93 42.76 37.83 30.01 23.55 Inv
120.28 63.23 37.07 32.80 26.02 20.41 TCA 34.20
18.44 9.70 5.68 5.03 3.99 3.13 GPPE 100.90
4.55 4.55 4.55 4.55 4.55 4.55 Acc Dep
0.90 0.90 0.93 0.93 0.93 0.96 Net PPE
2.94 2.67 1.49 0.63 0.27 0.10 TA
10.06 1.59 -1.28 -1.07 -1.75 -2.47 AP
3.02 0.48 -0.38 -0.32 -0.53 -0.74 NP
7.04 1.11 -0.90 -0.75 -1.23 -1.73 AE -0.90
0.00 0.00 5.00 0.00 0.00 5.00
7.04 1.11 -5.90 -0.75 -1.23 -6.73 TCL
OE 139.60
TLOE
NP 8.00
DEP 14.80

OB
+MP
+DLC
-CGS
CB
 Balance Sheet
Jan Feb Mar Apr May Jun Jul Aug Sep Oct
7.50 7.50 7.50 7.50 7.50 7.50 7.50 7.50 7.50 7.50
27.74 32.90 50.12 102.98 179.98 247.52 257.02 172.00 90.06 62.96
20.60 23.77 47.70 75.69 96.04 89.06 46.49 26.96 23.77 18.71
55.84 64.17 105.32 186.17 283.52 344.08 311.01 206.46 121.33 89.17
100.90 100.90 104.40 104.40 104.40 107.90 107.90 107.90 111.40 111.40
15.64 16.48 17.35 18.22 19.09 19.99 20.89 21.79 22.72 23.65
85.26 84.42 87.05 86.18 85.31 87.91 87.01 86.11 88.68 87.75
141.10 148.59 192.37 272.35 368.83 431.99 398.02 292.57 210.01 176.93
0.00 12.24 24.20 38.20 48.37 44.88 23.60 13.83 12.24 9.71
4.92 2.35 39.58 101.52 178.77 243.32 220.58 123.31 51.74 22.25
-1.66 -2.31 -2.43 -1.22 1.50 0.00 3.02 3.49 0.00 -0.32

3.26 12.28 61.35 138.50 228.64 288.20 247.19 140.64 63.98 31.64
137.83 136.31 131.02 133.85 140.19 143.78 150.82 151.93 146.04 145.29
141.10 148.59 192.37 272.35 368.83 431.99 398.02 292.57 210.01 176.93

Jan Feb Mar Apr May Jun Jul Aug Sep Oct
34.50 20.60 23.77 47.70 75.69 96.04 89.06 46.49 26.96 23.77
0.00 24.48 48.40 76.40 96.75 89.76 47.19 27.67 24.48 19.42
5.41 0.00 8.32 16.46 25.97 32.89 30.52 16.04 9.41 8.32
19.31 21.30 32.80 64.86 102.37 129.64 120.28 63.23 37.07 32.80
20.60 23.77 47.70 75.69 96.04 89.06 46.49 26.96 23.77 18.71
 Nov Dec
7.50 7.50
50.28 37.16
14.53 18.00
72.31 62.66
111.40 114.90
24.57 25.53
86.83 89.37
159.14 152.03
7.62 9.35
8.31 5.35
-0.85 0.00

15.08 14.70
144.06 137.33
159.14 152.03

Nov Dec
18.71 14.53
15.24 18.70
6.60 5.18
26.02 20.41
14.53 18.00
 Income Sheet
Particulars Nov Dec Jan Feb Mar Apr May Jun
Gross Sales 27.2 22.1 26.2 28.9 44.5 88 138.9 175.9
Excise Duty 4.08 3.315 3.93 4.335 6.675 13.2 20.835 26.385
Net sales 22.27 24.565 37.825 74.8 118.065 149.515
COGS 18.5889 20.5046 31.5728 62.4360 98.5496 124.8011
Gross Profit 3.6811 4.0605 6.2523 12.3640 19.5155 24.7140
Opera Ex 4.545 4.545 4.545 4.545 4.545 4.545
Dep 0.8 0.8 0.9 0.9 0.9 0.9
Int 0.10 0.20 0.55 1.39 2.51 3.56
PBT -1.8014 -1.5231 0.2907 5.5636 11.5948 15.7093
TAX -0.5404 -0.456921 0.087205 1.669082 3.478426 4.712784
PAT -1.2610 -1.0661 0.2035 3.8945 8.1163 10.9965
DIV 0 0 5 0 0 5
RE -1.2610 -1.0661 -4.7965 3.8945 8.1163 5.9965

Excise Duty 15%

RM (Purchase) 55%
DLC 29%
OPEX 6%
Annual Gross 909.00
Dep 10%
Interest Rate 15%
Tax 30%
Accounts Payable 50%
 Balance Sheet
Particulars Nov Dec Jan Feb Mar Apr May Jun
Cash 7.5 7.5 7.5 7.5 7.5 7.5 7.5 7.5
AR 26.7 27.74 32.90 50.12 102.98 179.98 247.52
Inv 44.9971 79.9903 138.8486 195.3121 214.5786 162.9980
TCA 34.2 80.2371 120.3903 196.4686 305.7921 402.0586 418.018
GPPE 100.9 100.9 100.9 104.4 104.4 104.4 107.9
Acc Dep 15.6 16.5 17.4 18.2 19.1 20.0
Net PPE 85.3 84.4 87.0 86.2 85.3 87.9
TA 165.5 204.8 283.5 392.0 487.4 505.9
AP 12.2375 24.2 38.1975 48.3725 44.88 23.595
NP 16.36 45.23 114.65 207.37 294.66 323.80
AE -0.9 -1.44042 -1.897341 -1.810136 -0.141053 3.337372 8.050156

TCL 27.16 67.54 151.04 255.60 342.88 355.44

OE 139.6 138.3390 137.2729 132.4764 136.3709 144.4872 150.4837
TLOE 165.5 204.8 283.5 392.0 487.4 505.9
NP 8
DEP 14.8
Jan Feb Mar Apr May Jun
OB 34.5 44.9971 79.9903 138.8486 195.3121 214.5786
+MP 24.475 48.4 76.395 96.745 89.76 47.19
+DLC 4.611 7.09775 14.036 22.15455 28.05605 26.0304
-CGS 18.5889 20.5046 31.5728 62.4360 98.5496 124.8011
CB 44.9971 79.9903 138.8486 195.3121 214.5786 162.9980