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Sales
Cost of goods sold
Materials and labor @ 60%
of sales
Overhead (incl.
depreciation $130)
Gross profit
Selling and administrative
expenses
Profit before taxes
Taxes
Profit after taxes
Dividends
Retained earnings
Cumulative retained earnings
1990
1991
Actual June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May.
June
Total
30, 1990
$26,205 $1,820 $2,340 $2,860 $3,900 $3,380 $2,860 $1,820 $1,820 $1,560 $1,300 $1,040 $1,300 $26,000
15,723
1,092
1,404
1,716
2,340
2,028
1,716
1,092
1,092
936
780
624
780
15,600
3,097
18,820
7,385
260
1,352
468
260
1,664
676
260
1,976
884
260
2,600
1,300
260
2,288
1,092
260
1,976
884
260
1,352
468
260
1,352
468
260
1,196
364
260
1,040
260
260
884
156
260
1,040
260
3,120
18,720
7,280
2,816
4,569
1,553
3,016
1,300
$1,716
234
234
79
155
$155
234
442
150
292
$292
234
650
221
429
260
$169
234
1,066
362
704
$704
234
858
292
566
$566
234
650
221
429
260
$169
234
234
80
154
$154
234
234
80
154
$154
234
130
44
86
260
($174)
234
26
9
17
$17
234
(78)
(27)
(51)
($51)
234
26
9
17
520
($503)
2,808
4,472
1,520
2,952
1,300
$1,652
$155
$447
$616 $ 1,320 $ 1,886 $ 2,055 $ 2,209 $ 2,363 $ 2,189 $ 2,206 $ 2,155 $ 1,652
Cash
Accounts receivablea
Inventories
Current assets
Net plant
Total assets
Bank loans payable
Accounts payableb
Taxes payablec
Misc. other
Current liabilities
Mortgage 8%
Common stock
Earned surplus
Total liab., net worth
1990
Actual
June 20,
1990
July
Aug.
Sept.
$ 1,844
$640
$640
$640
1,812
2,470
3,250
4,030
7,049
7,280
7,228
6,864
10,705 10,390 11,118 11,534
21,360 22,660 23,960 23,960
$32,065 $33,050 $35,078 $35,494
$0
$853 $ 2,410 $ 2,816
749
647
676
676
0
79
229
70
234
234
234
234
$983 $ 1,813 $ 3,549 $ 3,796
10,400 10,400 10,400 10,400
10,000 10,000 10,000 10,000
10,682 10,837 11,129 11,298
$32,065 $33,050 $35,078 $35,494
1991
Oct.
Nov.
Dec.
$640
$640 $ 1,006
5,330
5,330
4,550
5,876
5,200
4,836
11,846 11,170 10,392
23,960 23,960 23,960
$35,806 $35,130 $34,352
$ 2,062
$528
$0
676
676
676
432
724
565
234
234
234
$ 3,404 $ 2,162 $ 1,475
10,400 10,400 10,140
10,000 10,000 10,000
12,002 12,568 12,737
$35,806 $35,130 $34,352
Jan.
$ 2,280
3,250
5,096
10,626
23,960
$34,586
$0
676
645
234
$ 1,555
10,140
10,000
12,891
$34,586
Feb.
$ 2,774
2,730
5,356
10,860
23,960
$34,820
$0
676
725
234
$ 1,635
10,140
10,000
13,045
$34,820
Mar.
$ 2,108
2,470
5,772
10,350
23,960
$34,310
$0
676
389
234
$ 1,299
10,140
10,000
12,871
$34,310
Apr.
$ 1,952
2,080
6,344
10,376
23,960
$34,336
$0
676
398
234
$ 1,308
10,140
10,000
12,888
$34,336
Estimated taxes are paid in four equal installments of $380,000 each in September, December, March, and June based on pro forma earnings calculated the previous June.
May
June
$ 1,536
$640
1,690
1,820
7,072
7,644
10,298 10,104
23,960 23,960
$34,258 $34,064
$0
$940
676
676
371
0
234
234
$ 1,281 $ 1,850
10,140
9,880
10,000 10,000
12,837 12,334
$34,258 $34,064
Aug.
$ 676
676
676
$ 676
Sept.
$ 676
676
676
$ 676
1991
Raw Materials
Opening balances
Plus: Purchases
Less: Trans. to work in process
Closing balance
Work in Process
Opening balance
Oct.
$ 676
676
676
$ 676
Nov.
$ 676
676
676
$ 676
Dec.
$ 676
676
676
$ 676
Jan.
$ 676
676
676
$ 676
Feb.
$ 676
676
676
$ 676
Mar.
$ 676
676
676
$ 676
Apr.
$ 676
676
676
$ 676
May
$ 676
676
676
$ 676
June
$ 676
676
676
$ 676
$2,704 $2,704
676
676
676
676
1,352 1,352
$2,704 $2,704
676
676
676
676
676
676
676
676
676
676
676
676
1,352 1,352 1,352 1,352 1,352 1,352
$2,704 $2,704 $2,704 $2,704 $2,704 $2,704
676
676
676
676
676
676
676
676
1,352
1,352 1,352 1,352
$2,704 $2,704 $2,704 $2,704
Finished Goods
Opening balance
$3,640 $3,900
1,352 1,352
1,092 1,404
$3,900 $3,848
1,352
1,352 1,352 1,352
936
780
624
780
$2,392 $2,964 $3,692 $4,264
$7,280 $7,228
Cash
Accounts receivable
Inventories
Current assets
Net plant
Total assets
Bank loans payable
Accounts payable
Taxes payable
Misc. other
Current liabilities
Mortgage 8%
Common stock
Earned surplus
Total liab., net worth
June
July
Aug.
$ 1,844
$832
$497
1,812
2,467
3,169
7,049
7,285
7,220
10,705 10,584 10,886
21,360 22,698 24,063
$32,065 $33,282 $34,949
$0 $ 1,104 $ 2,398
749
686
673
0
58
177
234
239
276
983
2,087
3,524
10,400 10,400 10,400
10,000 10,000 10,000
10,682 10,795 11,025
$32,065 $33,282 $34,949
1990
Sept.
Oct.
Nov.
Dec.
Jan.
$609
$606
$723
$559
$986
3,822
4,914
4,805
4,846
3,442
6,924
6,242
5,829
5,652
6,020
11,355 11,762 11,357 11,057 10,448
24,216 24,224 24,211 24,248 24,211
$35,571 $35,986 $35,568 $35,305 $34,659
$ 3,197 $ 2,673 $ 1,634 $ 1,917 $ 1,131
733
762
725
595
608
(56)
252
480
266
310
247
252
239
234
231
4,121
3,939
3,078
3,012
2,280
10,400 10,400 10,400 10,140 10,140
10,000 10,000 10,000 10,000 10,000
11,050 11,647 12,090 12,153 12,239
$35,571 $35,986 $35,568 $35,305 $34,659
1991
Feb.
Mar.
$936
$601
2,756
2,493
6,233
6,410
9,925
9,504
24,183 24,184
$34,108 $33,688
$611
$995
572
447
313
(80)
226
224
1,722
1,586
10,140 10,140
10,000 10,000
12,246 11,962
$34,108 $33,688
Aug
Sept
Oct
Nov
Dec
Jan
$678
600
614
$664
1991
Feb
$664
567
575
$656
Mar
$705
684
681
$708
$708
676
725
$659
$659
728
725
$662
$662
754
725
$691
$691
697
671
$717
$717
598
637
$678
$656
450
523
$583
$2,704
681
686
1,349
$2,722
$2,722
725
686
1,355
$2,778
$2,778
725
671
1,375
$2,799
$2,799
725
686
1,409
$2,801
$2,801
671
650
1,396
$2,726
$2,726
637
686
1,412
$2,637
$3,640
1,349
1,134
$3,855
$7,285
$3,855
1,355
1,427
$3,783
$7,220
$3,783
1,375
1,695
$3,463
$6,924
$3,463
1,409
2,122
$2,750
$6,242
$2,750
1,396
1,760
$2,386
$5,829
$2,386
1,412
1,461
$2,337
$5,652
Sales
Cost of goods
Materials and labor
Overhead (incl. depreciation $130)
Gross profit
Selling and administrative expenses
Profit before taxes
Taxes
Profit after taxes
Dividends
Retained earnings
Cumulative retained earnings
a
July
$1,799
Aug.
$2,265
1,134
257
1,391
408
237
171
58
113
$113
$113
1,427
252
1,679
586
237
349
119
230
$230
$343
1990
Sept.
Oct.
$2,678 $3,536
1,695
296
1,991
687
255
432
147
285
260
$25
$368
2,122
270
2,392
1,144
239
905
308
597
$597
$965
1991
Feb.
Nov.
Dec.
Jan.
Mar.
$2,933 $2,434 $1,529 $1,511 $1,303
1,760 1,461
918
952
835
263
250
255
325a
281a
2,023 1,711 1,173 1,277 1,116
910
723
356
234
187
239
234
226
224
224
671
489
130
10
(37)
228
166
44
3
(13)
443
323
86
7
(24)
260
260
$443
$63
$86
$7 ($284)
$1,408 $1,471 $1,557 $1,564 $1,280
July
705
647
676
Aug.
676
676
676
Sept.
676
676
676
Oct.
676
676
676
Closing balance
Work in Process
Opening balance
Plus: Raw materials additions
Plus: Labor additions
Less: Trans. to finished goods
Closing balance
Finished Goods
Opening balance
Plus: Work in process additions
676
676
676
676
$2,704
676
676
1,352
2,704
2,704
676
676
1,352
2,704
2,704
676
676
1,352
2,704
2,704
676
676
1,352
2,704
3,640
1,352
3,900
1,352
3,848
1,352
3,484
1,352
1,092
3,900
7,280
1,404
3,848
$7,228
1,716
3,484
$6,864
2,340
2,496
$5,876
Sales
Cost of goods sold
Materials and labor @ 60% of
sales
Overhead (incl. depreciation
$130)
Gross profit
Selling and administrative
expenses
Profit before taxes
Taxes
Profit after taxes
Dividends
Retained earnings
Cumulative retained earnings
1990
Sept.
Oct.
$2,860
$3,900
July
$1,820
Aug.
$2,340
15,723
1,092
1,404
1,716
2,340
3,097
18,820
7,385
260
1,352
468
260
1,664
676
260
1,976
884
260
2,600
1,300
2,816
4,569
1,553
3,016
1,300
$1,716
-
234
234
79
155
$155
$155
234
442
150
292
$292
$447
234
650
221
429
260
$169
$616
234
1,066
362
704
$704
$ 1,320
1990
Aug.
640.00
3,250
7,228
11,118
23,960
35,078
Sept.
640.00
4,030
6,864
11,534
23,960
35,494
Oct.
640.00
5,330
5,876
11,846
23,960
35,806
Cash
Accounts receivablea
Inventories
Current assets
Net plant
Total assets
July
640.00
2,470
7,280
10,390
22,660
33,050
$0
749
0
234
983.00
10,400
10,000
10,682
32065.00
$853
647
79
234
1813.00
10,400
10,000
10,837
$33,050
$2,410
676
229
234
3549.00
10,400
10,000
11,129
$35,078
$2,816
676
70
234
3796.00
10,400
10,000
11,298
$35,494
$2,062
676
432
234
3404.00
10,400
10,000
12,002
$35,806
28%
17%
7%
0.054
0.031
0.011%
26%
13%
9%
0.005
0.055
0.002%
29%
19%
12%
0.008
0.101
0.011%
31%
23%
6%
0.005
0.107
0.003%
33%
27%
18%
0.020
0.095
0.034%
73
52
61
45
44
78
55
45
95
66
45
130
87
45
CAJA
Rotacin de Caja en das VPD
25
11
25
41
42
42
41
135
162
7,049
1,323
1,092
7,280
130
7,280
1,352
1,404
7,228
104
7,228
1,352
1,716
6,864
68
6,864
1,352
2,340
5,876
14
14
12
10
202
188
172
160
146
136
109
101
10,390
960
9,430
11,118
1,139
9,979
11,534
980
10,554
11,846
1,342
10,504
RAZONES FINANCIERAS
Margen de utilidad bruta
Margen de utilidad operativa
Margen de utilidad neta
Rotacin de Activos Totales
Apalancamiento
ROE
RATIOS OPERATIVOS
Ventas Promedio Diarias
Costo de ventas promedio diario
Compras promedio diario
INVENTARIOS
Rotacin de Inventarios en das de CVPD
Inventario Inicial
Compras
Costo de Venta
Inventario Final
CICLO OPERATIVO
CICLO DE CONVERSIN DE EFECTIVO
CAPITAL DE TRABAJO
ACO
PACO
NOF
10,705
983
9,722
CT
NOF - CT = Credito a cp (+) o EC (-)
check
9,722
0
8,577
853
7,569
2,410
7,738
2,816
8,442
2,062
$0
$0
$0
$0
$0
1991
Nov.
676
676
676
Dec.
676
676
676
Jan.
676
676
676
Feb.
676
676
676
Mar.
676
676
676
Apr.
676
676
676
May
676
676
676
June
676
676
676
676
676
676
676
676
676
676
676
2,704
676
676
1,352
2,704
2,704
676
676
1,352
2,704
2,704
676
676
1,352
2,704
2,704
676
676
1,352
2,704
2,704
676
676
1,352
2,704
2,704
676
676
1,352
2,704
2,704
676
676
1,352
2,704
2,704
676
676
1,352
2,704
2,496
1,352
1,820
1,352
1,456
1,352
1,716
1,352
1,976
1,352
2,392
1,352
2,964
1,352
3,692
1,352
2,028
1,820
$5,200
1,716
1,456
$4,836
1,092
1,716
$5,096
1,092
1,976
$5,356
936
2,392
$5,772
780
2,964
$6,344
624
3,692
$7,072
780
4,264
$7,644
Nov.
$3,380
Dec.
$2,860
Jan.
$1,820
Feb.
$1,820
Mar.
$1,560
1991
Apr.
$1,300
May.
$1,040
June
$1,300
Total
$26,000
2,028
1,716
1,092
1,092
936
780
624
780
15,600
260
2,288
1,092
260
1,976
884
260
1,352
468
260
1,352
468
260
1,196
364
260
1,040
260
260
884
156
260
1,040
260
3,120
18,720
7,280
234
858
292
566
$566
$ 1,886
234
650
221
429
260
$169
$ 2,055
234
234
80
154
$154
$ 2,209
234
234
80
154
$154
$ 2,363
234
130
44
86
260
($174)
$ 2,189
234
26
9
17
$17
$ 2,206
234
(78)
(27)
(51)
($51)
$ 2,155
234
26
9
17
520
($503)
$ 1,652
2,808
4,472
1,520
2,952
1,300
$1,652
Nov.
640.00
5,330
5,200
11,170
23,960
35,130
Dec.
1006.00
4,550
4,836
10,392
23,960
34,352
Jan.
2280.00
3,250
5,096
10,626
23,960
34,586
Feb.
2774.00
2,730
5,356
10,860
23,960
34,820
1991
Mar.
2108.00
2,470
5,772
10,350
23,960
34,310
Apr.
1952.00
2,080
6,344
10,376
23,960
34,336
May
1536.00
1,690
7,072
10,298
23,960
34,258
June
640.00
1,820
7,644
10,104
23,960
34,064
990
$528
676
724
234
2162.00
10,400
10,000
12,568
$35,130
$0
676
565
234
1475.00
10,140
10,000
12,737
$34,352
$0
676
645
234
1555.00
10,140
10,000
12,891
$34,586
$0
676
725
234
1635.00
10,140
10,000
13,045
$34,820
$0
676
389
234
1299.00
10,140
10,000
12,871
$34,310
$0
676
398
234
1308.00
10,140
10,000
12,888
$34,336
$0
676
371
234
1281.00
10,140
10,000
12,837
$34,258
$940
676
0
234
1850.00
9,880
10,000
12,334
$34,064
32%
25%
17%
0.016
0.062
0.017%
31%
23%
6%
0.005
0.043
0.001%
26%
13%
8%
0.004
0.045
0.002%
26%
13%
8%
0.004
0.047
0.002%
23%
8%
-11%
-0.005
0.038
0.002%
20%
2%
1%
0.000
0.038
0.000%
15%
-8%
-5%
-0.001
0.037
0.000%
20%
2%
-39%
-0.015
0.054
0.031%
113
76
45
95
66
45
61
45
45
61
45
45
52
40
45
43
35
45
35
29
45
43
35
45
11
38
46
41
45
44
15
47
48
54
45
48
48
49
42
68
5,876
1,352
2,028
5,200
73
5,200
1,352
1,716
4,836
113
4,836
1,352
1,092
5,096
119
5,096
1,352
1,092
5,356
145
5,356
1,352
936
5,772
183
5,772
1,352
780
6,344
240
6,344
1,352
624
7,072
221
7,072
1,352
780
7,644
10
15
15
17
20
23
20
115
107
121
111
167
152
164
149
192
175
231
212
289
266
263
243
11,170
1,634
9,536
10,392
1,475
8,917
10,626
1,555
9,071
10,860
1,635
9,225
10,350
1,299
9,051
10,376
1,308
9,068
10,298
1,281
9,017
10,104
910
9,194
28%
17%
6%
9,008
528
8,917
0
9,071
0
9,225
0
9,051
0
9,068
0
9,017
0
8,254
940
$0
$0
$0
$0
$0
$0
$0
$0
Forecast Sales
$4,500
$4,000
$3,500
$3,000
$2,500
$2,000
$1,500
$1,000
$500
$0
Forecast Sales
July
$705
684
681
$708
Aug.
$708
676
725
$659
Sept.
$659
728
725
$662
2,704
681
686
1,349
$2,722
2,722
725
686
1,355
$2,778
2,778
725
671
1,375
$2,799
$3,640
1,349
1,134
$3,855
$7,285
$3,855
1,355
1,427
$3,783
$7,220
$3,783
1,375
1,695
$3,463
$6,924
July
$1,799
Aug.
$2,265
15,723
3,097
18,820
7,385
2,816
4,569
1,553
3,016
1,300
$1,716
-
1,134
257
1,391
408
237
171
58
113
$113
$113
1,427
252
1,679
586
237
349
119
230
$230
$343
1,695
296
1,991
687
255
432
147
285
260
$25
$368
$832
2,467
7,285
10,584
22,698
$33,282
$1,104
686
58
239
1990
Aug.
$497
3,169
7,220
10,886
24,063
$34,949
$2,398
673
177
276
Sept.
$609
3,822
6,924
11,355
24,216
$35,571
$3,197
733
(56)
247
Sales
Cost of goods sold
Materials and labor @ 60% of sales
Overhead (incl. depreciation $130)
Gross profit
Selling and administrative expenses
Profit before taxes
Taxes
Profit after taxes
Dividends
Retained earnings
Cumulative retained earnings
1990
Sept.
$2,678
Cash
Accounts receivablea
Inventories
Current assets
Net plant
Total assets
Bank loans payable
Accounts payableb
Taxes payablec
Misc. other
July
Current liabilities
Mortgage 8%
Common stock
Earned surplus
Total liab., net worth
983
10,400
10,000
10,682
$32,065
2,087
10,400
10,000
10,795
$33,282
3,524
10,400
10,000
11,025
$34,949
RAZONES FINANCIERAS
Margen de utilidad bruta
Margen de utilidad operativa
Margen de utilidad neta
Rotacin de Activos Totales
Apalancamiento
ROE
28%
17%
7%
0.054
0.031
0.011%
23%
10%
6%
0.003
0.063
0.001%
26%
26%
15%
16%
10%
1%
0.007
0.001
0.101 0.115853
0.007%
0.000%
73
52
60
46
46
76
56
47
89
66
48
CAJA
Rotacin de Caja en das VPD
25
14
25
41
42
43
135
157
7,049
1,365
1,129
7,285
129
7,285
1,401
1,466
7,220
104
7,220
1,453
1,749
6,924
14
15
12
11
198
183
171
159
147
136
10,705
983
9,722
9,722
0
10,584
983
9,601
8,497
1,104
10,886
1,126
9,760
7,362
2,398
11,355
924
10,431
7,234
3,197
$0
$0
$0
RATIOS OPERATIVOS
Ventas Promedio Diarias
Costo de ventas promedio diario
Compras promedio diario
INVENTARIOS
Rotacin de Inventarios en das de CVPD
Inventario Inicial
Compras
Costo de Venta
Inventario Final
CICLO OPERATIVO
CICLO DE CONVERSIN DE EFECTIVO
4,121
10,400
10,000
11,050
$35,571
CAPITAL DE TRABAJO
ACO
PACO
NOF
CT
NOF - CT = Credito a cp (+) o EC (-)
check
1991
Oct.
$662
754
725
$691
Nov.
$691
697
671
$717
Dec.
$717
598
637
$678
Jan.
$678
600
614
$664
Feb.
$664
567
575
$656
Mar.
$656
450
523
$583
2,799
725
686
1,409
$2,801
2,801
671
650
1,396
$2,726
2,726
637
686
1,412
$2,637
2,637
614
686
1,373
$2,564
2,564
575
598
1,323
$2,414
2,414
523
562
1,300
$2,199
$3,463
1,409
2,122
$2,750
$6,242
$2,750
1,396
1,760
$2,386
$5,829
$2,386
1,412
1,461
$2,337
$5,652
$2,337
1,373
918
$2,792
$6,020
$2,792
1,323
952
$3,163
$6,233
$3,163
1,300
835
$3,628
$6,410
$4,000
$3,000
$2,000
1990
Oct.
$3,536
Nov.
$2,933
Dec.
$2,434
2,122
270
2,392
1,144
239
905
308
597
$597
$965
1,760
263
2,023
910
239
671
228
443
$443
$1,408
1,461
250
1,711
723
234
489
166
323
260
$63
$1,471
0
Oct.
$606
4,914
6,242
11,762
24,224
$35,986
$2,673
762
252
252
Nov.
$723
4,805
5,829
11,357
24,211
$35,568
$1,634
725
480
239
Dec.
$559
4,846
5,652
11,057
24,248
$35,305
$1,917
595
266
234
1991
Jan.
Feb.
$1,529
$1,511
918
255
1,173
356
226
130
44
86
$86
$1,557
Mar.
$1,303
952
325a
1,277
234
224
10
3
7
$7
$1,564
835
281a
1,116
187
224
(37)
(13)
(24)
260
($284)
$1,280
1991
Feb.
$986
$936
3,442
2,756
6,020
6,233
10,448
9,925
24,211
24,183
$34,659 $34,108
$1,131
$611
608
572
310
313
231
226
Mar.
$601
2,493
6,410
9,504
24,184
$33,688
$995
447
(80)
224
Jan.
$1,000
$0
July
Aug. Sept.
3,939
10,400
10,000
11,647
$35,986
3,078
10,400
10,000
12,090
$35,568
3,012
10,140
10,000
12,153
$35,305
2,280
10,140
10,000
12,239
$34,659
1,722
10,140
10,000
12,246
$34,108
1,586
10,140
10,000
11,962
$33,688
32%
26%
17%
0.017
0.109
0.031%
31%
23%
15%
0.012
0.087
0.016%
30%
20%
3%
0.002
0.085
0.000%
23%
9%
6%
0.002
0.066
0.001%
15%
1%
0%
0.000
0.050
0.000%
14%
-3%
-22%
-0.008
0.047
0.009%
118
80
49
98
67
46
81
57
41
51
39
40
50
43
38
43
37
32
19
19
14
42
49
60
68
55
57
78
6,924
1,479
2,161
6,242
86
6,242
1,368
1,781
5,829
99
5,829
1,235
1,412
5,652
154
5,652
1,214
846
6,020
146
6,020
1,142
929
6,233
172
6,233
973
796
6,410
10
11
10
16
13
12
120
110
136
125
159
148
221
206
201
188
230
218
11,762
1,266
10,496
7,823
2,673
11,357
1,444
9,913
8,279
1,634
11,057
1,095
9,962
8,045
1,917
10,448
1,149
9,299
8,168
1,131
9,925
1,111
8,814
8,203
611
9,504
591
8,913
7,918
995
$0
$0
$0
$0
$0
$0
Real Sales
Real Sales
Jan.
Feb. Mar.
705
647
676
1990
Real
Aug.
$708
676
725
$708
676
$659
2,704
681
686
1,349
$2,722
$2,704
676
676
1,352
2,704
2,722
725
686
1,355
$2,778
$3,640
1,349
3,640
1,352
$3,855
1,355
1,134
$3,855
$7,285
1,092
3,900
7,280
1,427
$3,783
$7,220
Raw Materials
Opening balances
Plus: Purchases
Less: Trans. to work in process
Closing balance
Work in Process
Opening balance
Plus: Raw materials additions
Plus: Labor additions
Less: Trans. to finished goods
Closing balance
Finished Goods
Opening balance
Plus: Work in process additions
Less: Cost of goods sold
Closing balance
Total closing inventory
Sales
Cost of goods sold
Materials and labor @ 60% of
sales
Overhead (incl. depreciation
$130)
Gross profit
Selling and administrative
expenses
Profit before taxes
Taxes
Profit after taxes
Dividends
Retained earnings
Cumulative retained earnings
July
$1,799
Real
$1,820
1,134
15,723
Aug.
$2,265
1,427
1,092
257
3,097
18,820
7,385
1,391
408
237
2,816
4,569
1,553
3,016
1,300
$1,716
$0
171
58
113
0
$113
$113
252
260
1,352
468
1,679
586
237
234
234
79
155
0
$155
$155
349
119
230
0
$230
$343
640.00
2,470
7,280
10,390
Real
Aug.
$497
3,169
7,220
10,886
July
$832
2,467
7,285
10,584
Net plant
Total assets
Bank loans payable
Accounts payableb
Taxes payablec
Misc. other
Current liabilities
Mortgage 8%
Common stock
Earned surplus
Total liab., net worth
21,360
$32,065
$0
749
0
234
983
10,400
10,000
10,682
$32,065
22,698
$33,282
$1,104
686
58
239
2,087
10,400
10,000
10,795
$33,282
22,660
33,050
$853
647
79
234
1813.00
10,400
10,000
10,837
$33,050
24,063
$34,949
$2,398
673
177
276
3,524
10,400
10,000
11,025
$34,949
RAZONES FINANCIERAS
Margen de utilidad bruta
Margen de utilidad operativa
Margen de utilidad neta
Rotacin de Activos Totales
Apalancamiento
ROE
28%
17%
7%
0.054
0.031
0.011%
23%
10%
6%
0.003
0.063
0.001%
26%
13%
9%
0.005
0.055
0.002%
26%
15%
10%
0.007
0.101
0.007%
73
52
60
46
46
61
45
44
76
56
47
CAJA
Rotacin de Caja en das VPD
25
14
11
25
41
41
42
135
157
7,049
1,365
1,129
7,285
162
7,285
1,323
1,328
7,280
129
7,285
1,401
1,466
7,220
14
15
14
12
198
183
202
188
171
159
10,584
10,390
10,886
RATIOS OPERATIVOS
Ventas Promedio Diarias
Costo de ventas promedio diario
Compras promedio diario
INVENTARIOS
Rotacin de Inventarios en das de CVPD
Inventario Inicial
Compras
Costo de Venta
Inventario Final
CICLO OPERATIVO
CICLO DE CONVERSIN DE EFECTIVO
CAPITAL DE TRABAJO
ACO
10,705
PACO
NOF
CT
NOF - CT = Credito a cp (+) o EC (-)
check
983
9,722
9,722
0
983
9,601
8,497
1,104
960
9,430
8,577
853
1,126
9,760
7,362
2,398
$0
$0
1990
676
676
676
Real
Sept.
$659
728
725
676
676
676
Real
Oct.
$662
754
725
676
676
676
Real
Nov.
$691
697
671
676
676
676
Real
Dec.
$717
598
637
676
$662
676
$691
676
$717
676
$678
2,704
676
676
1,352
2,704
2,778
725
671
1,375
$2,799
2,704
676
676
1,352
2,704
2,799
725
686
1,409
$2,801
2,704
676
676
1,352
2,704
2,801
671
650
1,396
$2,726
2,704
676
676
1,352
2,704
2,726
637
686
1,412
$2,637
3,900
1,352
$3,783
1,375
3,848
1,352
$3,463
1,409
3,484
1,352
$2,750
1,396
2,496
1,352
$2,386
1,412
1,404
3,848
$7,228
1,695
$3,463
$6,924
1,716
3,484
$6,864
2,122
$2,750
$6,242
2,340
2,496
$5,876
1,760
$2,386
$5,829
2,028
1,820
$5,200
1,461
$2,337
$5,652
Real
Real
Real
Real
1990
$2,340
Sept.
$2,678
$2,860
1,695
1,404
Oct.
$3,536
2,122
1,716
296
260
1,664
676
1,991
687
255
234
442
150
292
0
$292
$447
432
147
285
260
$25
$368
$3,900
Nov.
$2,933
1,760
2,340
2,392
1,144
239
234
650
221
429
260
$169
$616
905
308
597
0
$597
$965
640.00
4,030
6,864
11,534
Real
Oct.
$606
4,914
6,242
11,762
1,461
263
260
2,600
1,300
234
1,066
362
704
0
$704
$1,320
Dec.
$2,434
2,028
270
260
1,976
884
$3,380
2,023
910
239
671
228
443
0
$443
$1,408
250
260
2,288
1,092
1,711
723
234
234
858
292
566
0
$566
$1,886
489
166
323
260
$63
$1,471
640.00
5,330
5,200
11,170
Real
Dec.
$559
4,846
5,652
11,057
1990
640.00
3,250
7,228
11,118
Real
Sept.
$609
3,822
6,924
11,355
Real
Nov.
640.00
5,330
5,876
11,846
$723
4,805
5,829
11,357
23,960
35,078
$2,410
676
229
234
3549.00
10,400
10,000
11,129
$35,078
24,216
$35,571
$3,197
733
(56)
247
4,121
10,400
10,000
11,050
$35,571
23,960
35,494
$2,816
676
70
234
3796.00
10,400
10,000
11,298
$35,494
24,224
$35,986
$2,673
762
252
252
3,939
10,400
10,000
11,647
$35,986
23,960
35,806
$2,062
676
432
234
3404.00
10,400
10,000
12,002
$35,806
24,211
$35,568
$1,634
725
480
239
3,078
10,400
10,000
12,090
$35,568
23,960
35,130
$528
676
724
234
2162.00
10,400
10,000
12,568
$35,130
24,248
$35,305
$1,917
595
266
234
3,012
10,140
10,000
12,153
$35,305
29%
26%
31%
19%
16%
23%
12%
1%
6%
0.008
0.001
0.005
0.101 0.115853 0.106948
0.011%
0.000%
0.003%
32%
26%
17%
0.017
0.109
0.031%
33%
27%
18%
0.020
0.095
0.034%
31%
23%
15%
0.012
0.087
0.016%
32%
25%
17%
0.016
0.062
0.017%
30%
20%
3%
0.002
0.085
0.000%
78
55
45
89
66
48
95
66
45
118
80
49
130
87
45
98
67
46
113
76
45
81
57
41
42
43
42
42
41
49
47
60
130
7,280
1,352
1,404
7,228
104
7,220
1,453
1,749
6,924
104
7,228
1,352
1,716
6,864
78
6,924
1,479
2,161
6,242
68
6,864
1,352
2,340
5,876
86
6,242
1,368
1,781
5,829
68
5,876
1,352
2,028
5,200
99
5,829
1,235
1,412
5,652
12
11
10
10
11
10
172
160
147
136
146
136
120
110
109
101
136
125
115
107
159
148
11,118
11,355
11,534
11,762
11,846
11,357
11,170
11,057
1,139
9,979
7,569
2,410
924
10,431
7,234
3,197
980
10,554
7,738
2,816
1,266
10,496
7,823
2,673
1,342
10,504
8,442
2,062
1,444
9,913
8,279
1,634
1,634
9,536
9,008
528
1,095
9,962
8,045
1,917
$0
$0
$0
$0
$0
$0
$0
$0
1991
676
676
676
Real
Jan.
$678
600
614
676
676
676
Real
Feb.
$664
567
575
676
676
676
Real
Mar.
$656
450
523
676
676
676
676
$664
676
$656
676
$583
676
2,704
676
676
1,352
2,704
2,637
614
686
1,373
$2,564
2,704
676
676
1,352
2,704
2,564
575
598
1,323
$2,414
2,704
676
676
1,352
2,704
2,414
523
562
1,300
$2,199
2,704
676
676
1,352
2,704
1,820
1,352
$2,337
1,373
1,456
1,352
$2,792
1,323
1,716
1,352
$3,163
1,300
1,976
1,352
1,716
1,456
$4,836
918
$2,792
$6,020
1,092
1,716
$5,096
952
$3,163
$6,233
1,092
1,976
$5,356
835
$3,628
$6,410
936
2,392
$5,772
Real
Real
Real
1991
$2,860
Jan.
$1,529
$1,820
918
1,716
255
1,173
356
226
130
44
86
0
$86
$1,557
$1,820
952
1,092
260
1,976
884
234
650
221
429
260
$169
$2,055
Feb.
$1,511
234
234
80
154
0
$154
$2,209
1,277
234
224
10
3
7
0
$7
$1,564
$1,560
$19,988
$0
936
$12,304
260
1,196
364
$2,449
$14,753
$5,235
234
130
44
86
260
($174)
$2,189
$2,115
$3,120
$1,060
$2,060
$780
$1,280
$9,069
835
1,092
325
260
1,352
468
Mar.
$1,303
281
260
1,352
468
1,116
187
224
234
234
80
154
0
$154
$2,363
(37)
(13)
(24)
260
($284)
$1,280
2774.00
2,730
5,356
10,860
Real
Mar.
$601
2,493
6,410
9,504
1991
Real
Jan.
1006.00
4,550
4,836
10,392
$986
3,442
6,020
10,448
2280.00
3,250
5,096
10,626
Real
Feb.
$936
2,756
6,233
9,925
Forecast
2108.00
2,470
5,772
10,350
23,960
34,352
$0
676
565
234
1475.00
10,140
10,000
12,737
$34,352
24,211
$34,659
$1,131
608
310
231
2,280
10,140
10,000
12,239
$34,659
23,960
34,586
$0
676
645
234
1555.00
10,140
10,000
12,891
$34,586
24,183
$34,108
$611
572
313
226
1,722
10,140
10,000
12,246
$34,108
23,960
34,820
$0
676
725
234
1635.00
10,140
10,000
13,045
$34,820
24,184
$33,688
$995
447
(80)
224
1,586
10,140
10,000
11,962
$33,688
23,960
34,310
$0
676
389
234
1299.00
10,140
10,000
12,871
$34,310
31%
23%
6%
0.005
0.043
0.001%
23%
9%
6%
0.002
0.066
0.001%
26%
13%
8%
0.004
0.045
0.002%
15%
1%
0%
0.000
0.050
0.000%
26%
13%
8%
0.004
0.047
0.002%
14%
-3%
-22%
-0.008
0.047
0.009%
23%
8%
-11%
-0.005
0.038
0.002%
95
66
45
51
39
40
61
45
45
50
43
38
61
45
45
43
37
32
52
40
45
11
19
38
19
46
14
41
48
68
54
55
45
57
48
73
5,200
1,352
1,716
4,836
154
5,652
1,214
846
6,020
113
4,836
1,352
1,092
5,096
146
6,020
1,142
929
6,233
119
5,096
1,352
1,092
5,356
172
6,233
973
796
6,410
145
5,356
1,352
936
5,772
10
16
15
13
15
12
17
121
111
221
206
167
152
201
188
164
149
230
218
192
175
10,392
10,448
10,626
9,925
10,860
9,504
10,350
26%
16%
6%
0.037
#DIV/0!
#DIV/0!
1,475
8,917
8,917
0
1,149
9,299
8,168
1,131
1,555
9,071
9,071
0
1,111
8,814
8,203
611
1,635
9,225
9,225
0
591
8,913
7,918
995
1,299
9,051
9,051
0
$0
$0
$0
$0
$0
$0
$0
$4,500
$22,360
$0
$4,000
$3,500
$13,416
$3,000
$2,340
$15,756
$6,604
$2,500
$2,106
$4,498
$1,529
$2,969
$780
$2,189
$13,240
$2,000
$1,500
$1,000
$500
$0
July
Aug.
Sept.
Oct.
Nov.
Dec.
30%
20%
10%
#DIV/0!
#DIV/0!
#DIV/0!
Forecast Sales
Real Sales
Dec.
Jan.
Feb.
Mar.