DJC ENTERPRISES

Comparative Statement of Financial Position

December 31, 2022 and 2021

ASSETS 2022 2021

Current Assets

Cash and Cash Equivalents 106,789.00 102,375.00

Trade and Other Receivables 327,611.00 277,467.00

Inventory 334,863.00 297,654.00
Prepaid Expenses 101,565.00 114,813.00

Total 870,828.00 792,309.00

Non-Current Assets

Property, Plant & Equipment 135,754.00 166,481.00

Intangibles 7,500.00 7,500.00
Total 143,254.00 173,981.00

TOTAL ASSETS 1,014,082.00 966,290.00

LIABILITIES
Current Liabilities
 Trade & Other Payables 238,000.00 208,703.00

Unearned Revenues 107,508.00 82,456.00

Notes Payables - Current 45,000.00 45,000.00

Total 390,508.00 336,159.00

Non-Current Liabilities
Notes Payables - Non-Current 208,422.00 253,500.00
TOTAL LIABILITIES 598,930.00 589,659.00

OWNER'S EQUITY
Paid-in Capital 255,000.00 255,000.00
Retained Earnings 160,152.00 121,631.00
TOTAL OWNER'S EQUITY 415,152.00 376,631.00
TOTAL LIABILITIES AND OE 1,014,082.00 966,290.00

DJC ENTERPRISES
Comparative Income Statement
December 31, 2022 and 2021

2022 2021
Sales 3,007,887.00 2,732,712.00
Less: Cost of Goods Sold 2,208,520.00 1,964,865.00
Gross Profit 799,367.00 767,847.00
Less:
Distribution Costs 372,000.00 345,000.00
Administrative Expenses 207,000.00 213,000.00
Total Operating Expense 579,000.00 558,000.00
Operating Income 220,367.00 209,847.00
Less: Interest Expense 41,860.00 43,905.00
Net Income Before taxes 178,507.00 165,942.00
Less: Income Tax 62,477.00 58,080.00
Net Income After Taxes 116,030.00 107,862.00
RATIO ANALYSIS

LIQUIDITY 2022

CURRENT RATIO 2.23

QUICK RATIO 1.11

CASH RATIO 0.27

EFFICIENCY

ASSET TURN-OVER RATIO 2.23

INVENTORY TURN-OVER RATIO 6.98

RECEIVABLES TURN-OVER RATIO 9.94

DEBT-UTILIZATION 2022

DEBT RATIO 0.59

DEBT TO EQUITY RATIO 1.44

PROFITABILITY 2022
GROSS PROFIT RATIO 0.27

NET PROFIT RATIO 0.04

RETURN ON ASSET (ROA) RATIO 0.12

RETURN ON EQUITY (ROE) RATIO 0.29

 INTERPRETATION 2021

IN 2022, FOR EVERY PHP 1.00 OF CURRENT

LIABILITY THE COMPANY HAS PHP 2.23 CURRENT
2.36
ASSETS TO PAY IT. IN TERMS OF CURRENT RATIO,
THE COMPANY IS LIQUID.

IN 2022, FOR EVERY PHP 1.00 OF CURRENT LIABILITY

THE COMPANY HAS PHP 1.11 OF QUICK ASSETS TO PAY
1.13
IT. IN TERMS OF QUICK RATIO, THE COMPANY IS
SOMEHOW LIQUID.

IN 2022, FOR EVERY PHP 1.00 OF CURRENT LIABILITY THE

COMPANY HAS PHP 0.27 OF CASH AND CASH EQUIVALENTS TO 0.30
PAY IT. IN TERMS OF CASH RATIO, THE COMPANY IS NOT
LIQUID

INTERPRETATION
FOR EVERY PHP 1.00 ASSET OF THE COMPANY, PHP
3.04 OF SALES REVENUE IS GENERATED. THEREFORE
THE COMPANY IS EFFICIENT.
IN 2022 THE COMPANY IS ABLE TO SELL AND REPLACE ITS
INVENTORY 6.98 TIMES IN A YEAR]
THE COMPANY IS ABLE TO COLLECT ALL THEIR
RECEIVABLES 9.94 TIMES IN A YEAR

INTERPRETATION 2021
IN 2022, FOR EVERY PHP 1.00 ASSET OF THE
COMPANY, PHP 0.59 WAS BORROWED OR WAS 0.61
PROVIDED BY THE CREDITORS.

IN 2022, FOR EVERY PHP 1.00 EQUITY OF THE

COMPANY, PHP 1.44 WAS BORROWED OR WAS 1.57
PROVIDED BY THE CREDITORS.

INTERPRETATION 2021
IN 2022,FOR EVERY PHP 1.00 GENERATED, THE
COMPANY EARNS PHP 0.27 IN PROFITS
BEFORE OTHER BUSINESS EXPENSES ARE PAID. 0.28
IT ALSO MEANS THAT 27% ARE PROFIT, 73% ARE
FOR COSTS. SOMEHOW PROFITABLE

IN 2022,FOR EVERY PHP 1.00 SALES

REVENUE,THE COMPANY HAS PHP 0.04 0.04
NET INCOME

IN EVERY PHP 1.00 ASSET USED BY THE COMPANY TO

GENERATE REVENUE, IT YIELDED TO PHP 0.12 NET
INCOME.
IN EVERY PHP 1.00 OF INVESTED CAPITAL BY THE
OWNERS, IT YIELDED TO PHP 0.29 OF NET INCOME.
 INTERPRETATION

IN 2021, FOR EVERY PHP 1.00 OF CURRENT

LIABILITY THE COMPANY HAS PHP 2.36 CURRENT
ASSETS TO PAY IT. IN TERMS OF CURRENT RATIO,
THE COMPANY IS LIQUID.

IN 2021, FOR EVERY PHP 1.00 OF CURRENT LIABILITY

THE COMPANY HAS PHP 1.13 OF QUICK ASSETS TO PAY
IT. IN TERMS OF QUICK RATIO, THE COMPANY IS
SOMEHOW LIQUID.

IN 2021, FOR EVERY PHP 1.00 OF CURRENT

LIABILITY THE COMPANY HAS PHP 0.30 OF CASH
AND CASH EQUIVALENTS TO PAY IT. IN TERMS OF
CASH RATIO, THE COMPANY IS NOT LIQUID

INTERPRETATION

IN 2021, FOR EVERY PHP 1.00 ASSET OF THE COMPANY,

PHP 0.61 WAS BORROWED OR WAS PROVIDED BY THE
CREDITORS.
IN 2021, FOR EVERY PHP 1.00 EQUITY OF THE
COMPANY, PHP 1.57 WAS BORROWED OR WAS
PROVIDED BY THE CREDITORS

INTERPRETATION
IN 2021,FOR EVERY PHP 1.00 GENERATED, THE COMPANY
EARNS PHP 0.28 IN PROFITS BEFORE OTHER BUSINESS
EXPENSES ARE PAID. IT ALSO MEANS THAT 28% ARE
PROFIT, 72% ARE FOR COSTS. SOMEHOW PROFITABLE
IN 2021,FOR EVERY PHP 1.00 SALES
REVENUE,THE COMPANY HAS PHP 0.04
NET INCOME