RATIOS COMPUTATIONS/SOLUTION

1. Current Ratio 17188.63/8879.54= 1.94:1

2. Quick Ratio 1086.38+85.82/8879.54= 0.13:1

3. Inventory Turnover 27513.33/10284.05= 2.68 or 3x

4. Inventory Days 360 days/3= 120 days

5. Total Assets Turnover 27513.33/30277.45= 0.91:1

6. Return on Sales 2561.48/27513.33= 0.09:1 or 9.3%

7. Gross profit Margin 10275.73/27513.33= 37%

8. Return on stockholders
2561.48/16394.05= 15.62%
equity

9. Debt-to-Equity Ratio 5779.38/17478.4= 33.07%

10. Debt-to-Assets Ratio 5779.38/32337.28= 17.87%

A. HORIZONTAL
ANALYSIS

Wilcon Depot Inc.

Comparative Balance Sheet
For Years Ended December 31, 2021 and 2021

2021
Current Assets
Cash and Short Term
Investments 2342.26
Cash 1086.38
Cash & Equivalents 456.41
Short Term Investments 799.47
Total Receivables, Net 732.86
Accounts Receivables - Trade,
Net 85.82
Total Inventory 11875.96
Prepaid Expenses 2014.51
Other Current Assets, Total 223.04
19616.71

Noncurrent Assets
Property/Plant/Equipment, Total
- Net 14370.16
Property/Plant/Equipment, Total
- Gross 19761.87
Accumulated Depreciation,
Total -5391.71
Intangibles, Net 146.06
Note Receivable - Long Term 37.57
Other Long Term Assets, Total 594.86
49135.52
Total Assets 68,752.23

Current Liabilities
Accounts Payable 6050.77
Payable/Accrued 203.36
Accrued Expenses 303.07
Current Port. of LT Debt/Capital
Leases 1401.61
Other Current liabilities, Total 920.74
8879.55

Noncurrent Liabilities
Total Long Term Debt 5779.38
Capital Lease Obligations 5779.38
Other Liabilities, Total 199.95
11758.71

Total Equity
Common Stock, Total 4099.72
Additional Paid-In Capital 5373.74
Retained Earnings
(Accumulated Deficit) 7905.17
Other Equity, Total 99.77
Total Liabilities &
Shareholders' Equity 32337.28

Wilcon Depot Inc.

Comparative Income Statement
For Years Ended December 31, 2020 and 2021

2021
Sales 27,513.33
Cost Of Goods Sold 17,237.60

Gross Profit 10,275.73

Total Operating Expenses -23969.17

Selling, General and
Administrative Expenses 1,885.40
Depreciation and
Amortization 2,146.94
Other Operating Expenses 2,699.22

Operating Income 2,699.22

Interest Income (Expense) -441.21
Other, Net 391.92

Net Income Before Taxes 3,424.87

Provision for Income Taxes

Net Income After Taxes 2,561.48

Net Income Before

Extraordinary Items 2,561.48

Net Income 2,561.48

Income Available to
Common Excluding
Extraordinary Items 2,561.48
Diluted Net Income 2,561.48
Diluted Weighted Average
Shares 4,099.72

Diluted EPS Excluding

Extraordinary Items 0.62
DPS-Common Stock
Primary Issue 0.15
Diluted Normalized EPS 0.62

Wilcon Depot Inc.

Comparative Statement of Financial Condition

As of the Years Ended December 31, 2020 and December 31, 2021

Assets (in millions) 2020

Total Current Assets 14389.8

Cash and Short Term

Investments 4610.86
Cash 1353.89

Cash & Equivalents 501

Short Term Investments 2755.97

Total Receivables, Net 769.84

Accounts Receivables -
Trade, Net 191.84

Total Inventory 8692.13

Prepaid Expenses 110.02

Other Current Assets, Total 206.95

Total Assets 28217.62

Property/Plant/Equipment,
Total - Net 13037.52
Property/Plant/Equipment,
Total - Gross 16295.45
Accumulated Depreciation,
Total -3257.93

Goodwill, Net -

Intangibles, Net 113.94

Long Term Investments -

Note Receivable - Long
Term 43.2

Other Long Term Assets,

Total 633.15

Other Assets, Total -

Total Current Liabilities 7621.18

Accounts Payable 4406.57

Payable/Accrued -

Accrued Expenses 411.27

Notes Payable/Short Term
Debt -

Current Port. of LT
Debt/Capital Leases 1837.58

Other Current liabilities,

Total 965.76

Total Liabilities 12907.92

Total Long Term Debt 4949.33

Long Term Debt -

Capital Lease Obligations 4949.33

Deferred Income Tax -
Minority Interest -
Other Liabilities, Total 337.41
Total Equity 15309.69
Redeemable Preferred
Stock, Total -
Preferred Stock - Non
Redeemable, Net -
Common Stock, Total 4099.72
Additional Paid-In Capital 5373.74
Retained Earnings
(Accumulated Deficit) 5835.66

Treasury Stock - Common -

ESOP Debt Guarantee -
Unrealized Gain (Loss) -
Other Equity, Total 0.57
Total Liabilities &
Shareholders' Equity 28217.62
 ANALYSIS

The ratio 1.94:1 means that the company has more current assets
than liabilities to cover its debts. There is P1.34 of current assets
to pay for every P1 of current liability that means this company is
liquid.
The ratio 0.13:1 indicates that the company cannot currently fully
pay back its current liabilities using the company's quick assets.
Most of the current assets of the company is in the inventory that's
why its quick assets cannot fully cover the liabilities.

The company turn-over its inventory 3 times in a year. This

company is a merchandising business which means that triannual
turnover of inventory is just a good turnover ratio.
It takes 120 days or equivalent to 3 months for the Wilcon Depot
Inc. to sell its inventory.

The company's assets turnover ratio 0.91 is low which indicates

that the company is not efficiently using its assets to generate
sales. This is because of the decrease made on company's quick
assets and focusing more on adding inventories.
The company's return on sales ratio 9.3% indicates an excellent
ratio. This indicates that the company is improving in terms of
operational effieciency and making profits in sales it makes.

A 37% ratio in gross profit margin for a merchandising company

makes up a good ratio. This means that the company makes a
reasonable profit on its sales.
A 15.62% ratio in return on stockholders equity is on average of a
good return of money to investors. It's a quite number for this
company to be successfully generate cash internally.

The company has a debt-to-equity ratio of 33.07 which is low and

this indicates that Wilcon Depot Inc. was financed more by equity
than debt.
 The company has a debt-to-assets ratio of 17.87% which is low,
this means that the company has more assets than debt.

Wilcon Depot Inc.

Comparative Balance Sheet
ears Ended December 31, 2021 and 2021

INCREAS
E(DECRE Percentag
2020 ASE) e

4610.86 2268.6 96.86%

1353.89 267.51 24.62%
501 44.59 9.77%
2755.97 1956.5 245%
769.84 36.98 5%

191.84 105.72 123%

8692.13 -3183.83 -27%
110.02 -1904.49 -95%
206.95 -16.09 -7.21
19192.5 -424.51 2%

13037.52 -1332.64 -9%

16295.45 -3466.42 -18%

 -3257.93 -8649.64 160%
113.94 -32.12 -22%
43.2 5.63 15%
633.15 38.29 6%
46057.83 -13861.41 30%
65,250.33 ### 21.89%

4406.57 -1,644.20 -27%

0 -203.36 -1%
411.27 108.2 -36%

1837.58 435.97 31%

965.76 45.02 4%
7621.18 -1,258.37 -16.51

4949.33 -830.05 -14%

4949.33 -830.05 -14.00%
337.41 137.46 69%
10236.07 -1522.64 14.88%

4099.72 0 0
5373.74 0 0

5835.66 -2,069.51 -26%

0.57 -99.2 99%

28217.62 -4,119.66 -13%

Wilcon Depot Inc.

Comparative Income Statement
ears Ended December 31, 2020 and 2021

2020 Amount Percent

22,628.88 4,884.45 21.59%
14,847.16 2,390.44 16.10%

7,781.72 2,494.01 32.05%

-20585.18 -3383.99 16.44%

 1,623.22 262.18 16.15%

1,820.55 326.39 17.93%

2,294.25 404.97 17.65%

2,294.25 404.97 17.65%

-373.88 -67.33 18.01%
380.19 11.73 3.09%

2,050.01 1,374.86 67.07%

1,448.84 1,112.64 76.80%

1,448.84 1,112.64 76.80%

1,448.84 1,112.64 76.80%

0

1,448.84 1,112.64 76.80%

1,448.84 1,112.64 76.80%

4,099.72 0 0.00%

0.35 0.27 77.14%

0.1 0.05 50.00%

0.35 0.27 77.14%

Wilcon Depot Inc.

arative Statement of Financial Condition

Ended December 31, 2020 and December 31, 2021

% 2021 %

51.00% 17188.63 53.15%

16.34% 2342.26 7.24%

4.80% 1086.38 3.36%

1.78% 456.41 1.41%

9.77% 799.47 2.47%

2.73% 732.86 2.27%

0.68% 85.82 0.27%

30.80% 11875.96 36.73%

0.39% 2014.51 6.23%

0.73% 223.04 0.69%

100.00% 32337.28 100.00%

46.20% 14370.16 44.44%

57.75% 19761.87 61.11%

-11.55% -5391.71 -16.67%

- - -

0.40% 146.06 0.45%

- - -

0.15% 37.57 0.12%

2.24% 594.86 1.84%

- - -

27.01% 8879.54 27.46%

15.62% 6050.77 18.71%

- 203.36 0.63%

1.46% 303.07 0.94%

 - - -

6.51% 1401.61 4.33%

3.42% 920.74 2.85%

45.74% 14858.87 45.95%

17.54% 5779.38 17.87%

- - -

17.54% 5779.38 17.87%

- - -
- - -
1.20% 199.95 0.62%
54.26% 17478.4 54.05%

- - -

- - -
14.53% 4099.72 12.68%
19.04% 5373.74 16.62%

20.68% 7905.17 24.45%

- - -
- - -
- - -
0.00% 99.77 0.31%

100.00% 32337.28 100.00%

 Wilcon Depot Inc.
Comparative Statement of Income Statement

As of the Years Ended December 31, 2020 and

December 31, 2021
ITEM 2021 % 2020 %

Total
Revenue 27513.33 100 22628.88 100
Cost of
Revenue,
Total 17237.6 62.65 14847.16 65.61
Gross
Profit 10275.73 37.35 7781.72 34.39

Total
Operatin
g
Expenses 23969.17 87.12 20585.18 90.97
Selling/
General/
Admin.
Expenses,
Total 1885.4 6.85 1623.22 7.17
Research
&
Developm
ent - - - -
Depreciati
on /
Amortizat
ion 2146.94 7.8 1820.55 8.05

Interest
Expense
(Income)
- Net
Operating - - - -

Unusual
Expense
(Income) - - - -

Other
Operating
Expenses,
Total 2699.22 9.81 2294.25 10.14

Operatin
g Income 3544.16 12.88 2043.7 9.03

Interest
Income
(Expense)
, Net
Non-
Operating -441.21 -1.6 -373.88 -1.65
Gain
(Loss) on
Sale of
Assets - - - -
Other,
Net 321.92 1.17 380.19 1.68
Net
Income
Before
Taxes 3424.87 12.45 2050.01 9.06
Provision
for
Income
Taxes 863.39 3.14 601.16 2.66
Net
Income
After
Taxes 2561.48 9.31 1448.84 6.4
Minority
Interest - - - -

Equity In
Affiliates - - - -
U.S
GAAP
Adjustme
nt - - - -

Net
Income
Before
Extraord
inary
Items 2561.48 9.31 1448.84 6.4
Total
Extraordi
nary
Items - - - -
Net
Income 2561.48 9.31 1448.84 6.4

Total
Adjustme
nts to Net
Income - - - -
Income
Available
to
Common
Excludin
g
Extraord
inary
Items 2561.48 9.31 1448.84 6.4
Dilution
Adjustme
nt - - - -
Diluted
Net
Income 2561.48 9.31 1448.84 6.4

Diluted
Weighted
Average
Shares 4099.72 14.9 4099.72 18.12

Diluted
EPS
Excludin
g
Extraord
inary
Items 0.62 0.002 0.35 0.002

DPS -
Common
Stock
Primary
Issue 0.15 0.0005 0.1 0.0004
Diluted
Normaliz
ed EPS 0.62 0.002 0.35 0.002