Increase(Decrese

20X2 20X1 Amount Percent

Assets

Current Assets
Cash P 70, 392 P 68,250 P 2 ,142 3.1
Accounts Receivable(net) 218,549 184,978 33,571 18.1
Inventory 223,242 197,097 26,145 13.3
Prepaid Expenses 67,710 76,542 -8,832 -11.5
Total pf current asssets P579,893 P526,867 P53,026 10.1

Plant and Equipment

Plant and Equipment(net) 90,503 110,987 -20,484 -19
Total Assets P670,396 P637,854 P32,542 5.1

Liabilities and Equity

Cuurent Liabilities
Accounts Payable P158,214 P139,135 P 19,079 13.7
Bank loans and other payables 71,672 56,769 14,903 26
Current portion of note payable
30,000 30,000 0 0
Total current liabilities P259,886 P225,904 P 33,982 15

Long-term liabilities
Notes Payable 139,000 169,000 -30,000 -18
Total Liabilities P398,886 P394,904 P 3,982 1

Owner's Equity
Gilbert Capital 271,510 242,950 28,560 12
Total Liabilities and Equity P670,396 P637,854 P32,542 5.1
 Increase(Decrease)
20X2 20X1 Amount Percent
Sales Revenue P2,000,000 P1,801,802 P198,198 11
Expenses
Cost of goods sold P1,472,000 P1,309910 P162,090 12.4
selling 248,000 230,000 18,000 7.8
Administrative 138,000 142,000 -4,000 3
Total expenses P1,858,000 P1,681,910 P176,090 10.5
Operating Income P 142,000 P 119,892 P 22,108 18.4
Interest expense 67,840 60,988 6,852 4.7
Net 27,907 29,270 -1,376 5
Net Income P 74,160 P 58,904 P 15,256 25.9
 Dec-31
Assets 20X1 20X2 20X3 20X4 20X5
Current Assets
Cash 56.4 117.2 118 148.4 166.8
Marketable Securities 210.2 79.2 79.6 79 89.8
Trade Receivables net 522.2 406.6 460.6 539.8 583.8
Inventory 394.4 439.2 483.8 536.6 506.8

Other current assets 121.4 101 10.32 104.2 70.4

Total current assets 1304.6 1143.2 1245.2 1408 1417.6
Land,building and equipment, net 853.8 1364.4 1380.8 1430.2 1440.2
Other Assets 8.6 221 324.6 318.8 349.6
Total Assets 2167 2728.6 2950.6 3157 3207.4
Liabilities and Equity

Current Liabilities
Accounts Payable 375 362.8 345.2 303 320.8
Notes Payable 112.6 210.2 177 123.2 86.6
Other current liabilities 147.4 38.2 50.2 69.4 57.6
Total current liabilities 635 611.2 572.4 495.6 465
Long-term liabilities(4%) 325 532 481 457.8 401
Total liabilities 960 1143.2 1053.4 953.4 866

Owner's Equity
Gilbert,Capital 1207 1585.4 1897.2 2203.6 2341.4
Total liabilities and Owner's Equity 2167 2728.6 2950.6 3157 3207.4
 20X1 20X2 20X3 20X4 20X5
Net Sales 1707.4 1719.6 2402.4 2682.6 2983.6
Cost of goods sold 1248.2 1255.4 1722.6 1928.8 2109.4
Gross Margin on sale 459.2 464.2 679.8 753.8 874.2
Operating Expenses
Selling Expenses 230.4 132.2 365.2 421.2 507.2
General Administrative Expenses 99 108.2 158.4 163.6 185
Total operating expenses 329.4 340.4 523.6 584.8 692.2
Operating income 129.8 123.8 156.2 169 182
Other income and expenses net(deduct) -20.6 -17 -26.4 -21.4 -15
Net Income 109.2 106.8 129.8 147.6 167
 Trend Percentages
20X1 20X2 20X3 20X4 20X5
Statement of Financial Position Items:
Assets
Current Assets
Cash 100 208 209 263 296
Marketable Securities 100 37 38 38 43
Accounts Receivable,net 100 78 88 103 112
Inventory 100 111 123 136 128
Other Current Assets 100 83 85 86 58
Total Current Assets 100 88 95 108 109
Land,buildings, and equipment, net 100 160 162 168 169
Other Assets 100 2570 3774 3707 4065
Total Assets 100 126 136 146 148

Liabilities and Equity

Current liabilities
Accounts Payable 100 97 92 81 86
Notes Payable 100 187 157 109 77
Other Current Liabilities 100 26 34 47 39
Total Current Liabilities 100 96 90 78 73
Long-term Liabilities 100 164 148 141 123
Total Liabilities 100 119 110 99 90
Owner's Equity 100 131 157 183 194
Total Liabilities and Owner's Equity 100 126 136 146 148

Income Statement Items:

Net sales 100 101 141 157 175
Cost of goods sold 100 101 138 155 169
Gross Margin on sales 100 101 148 164 190
Selling expenses 100 101 159 183 220
General and administrative expenses 100 109 160 165 187
Other income(expense) 100 83 128 102 73
Net income 100 98 119 135 153
 Percent(%)
Items Dec-31
Assets 20X1 20X2 20X3 20X4 20X5
Current assets
Cash 2.6 4.3 4 4.7 5.2
Marketable Securities 9.7 2.9 2.7 2.5 2.8
Trade Receivable, net 24.1 14.9 15.6 17.1 18.2
Inventory 18.2 16.1 16.4 17 15.8
Other current assets 5.6 3.7 3.5 3.3 2.2
Total current assets 60.2 41.9 42.2 44.6 44.2
Land, buildings and equipment, net 39.4 50 46.8 45.3 44.9
Other assets 0.4 8.1 11 10.1 10.9
Total Assets 100 100 100 100 100

Liabilities and Equity

Current Liabilities
Accounts Payable 17.3 13.3 11.7 9.6 10
Notes Payable 5.2 7.7 6 3.9 2.7
Other Current Liabilities 6.8 1.4 1.7 2.2 1.8
Total Current Liabilities 29.3 22.4 19.4 15.7 14.5
Long-term Liabilities(4%) 15 19.5 16.3 14.5 12.5
Total Liabilities 44.3 41.9 35.7 30.2 27
Owner's Equity
Gilbert Capital 55.7 58.1 64.3 69.8 73
Total Liabilities and Owner's Equity 100 100 100 100 100
 Percent
20X1 20X2 20X3 20X4 20X5
Net Sales 100 100 100 100 100
Cost of goods sold 73.1 73 71.7 71.9 70.9
Gross Margin on sales 26.9 27 28.3 28.1 29.3
Operating expense
Selling expenses 13.5 13.5 15.2 15.7 17
General and administrative expense 5.8 6.3 6.6 6.1 6.2
Total operating expense 19.3 19.8 21.8 21.8 23.2
Operating Income 7.6 7.2 6.5 6.3 6.1
Other income and expenses, add(deduct) -4.2 -4.1 -3.8 -2.8 -2.6
Net Income 3.4 3.1 2.7 3.5 3.5