2017 2018

COGS 255,605.00 322,742.00 Rev.

cash 36,884.00 55,725.00 COGS
Depreciation 72,158.00 81,559.00 Depreciation
Interest 15,687.00 17,980.00 Selling and administrative
Selling and administrative 50,268.00 65,610.00 EBIT
Accounts payable 26,186.00 44,318.00 Interest
Net fixed assets 318,345.00 387,855.00 EBT
Sales 501,441.00 611,224.00 Tax
Accounts receivable 26,136.00 33,901.00 NI
Notes payable 29,712.00 32,441.00
Long-term debt 160,689.00 175,340.00 Adding to retained earnings
Inventory 50,318.00 67,674.00 Dividends
New equity - 19,500.00

cash flow from assets = cash flow to creditors + cash flow to stockholders
22,802 = 22,802
cash flow from assets = Operating cash flow - net capital spending - change in NWC
22,802.07
Operating Cash flow = Ebit + Depriciation - Tax
2018 196,972.07
2017 172,946.17
net capital spending = Ending NFA - Beg. NFA + Depriciation
151,069.00
change in NWC = Ending NWC - Begin. NWC
23,101.00

cash flow to creditors = Interest paid - Net new borrowing

3,329.00

cash flow to stockholders = Dividends - Net new equit raised

19,473.23
Income statement Balance Sheet
2017 2018 2017 2018
501,441.00 611,224.00 Assets
255,605.00 322,742.00 cash 36,884.00 55,725.00
72,158.00 81,559.00 Accounts receivable 26,136.00 33,901.00
50,268.00 65,610.00 Inventory 50,318.00 67,674.00
123,410.00 141,313.00 total current assets 113,338.00 157,300.00
15,687.00 17,980.00 Net fixed assets 318,345.00 387,855.00
107,723.00 123,333.00 Total assets 431,683.00 545,155.00
22,621.83 25,899.93
85,101.17 97,433.07 Liabilities and Equity
Accounts payable 26,186.00 44,318.00
51,061.00 58,460.00 Notes payable 29,712.00 32,441.00
34,040.47 38,973.23 Total current liabilities 55,898.00 76,759.00
Long-term debt 160,689.00 175,340.00
Total liabilities 216,587.00 252,099.00

Retained earnings 51,061.00 109,521.00

equity 164,035.00 183,535.00
Total equity 215,096.00 293,056.00

Total Liabilities and Equity 431,683.00 545,155.00