Balance Sheet

AT December 31

Current 2017 2016 2015 2017 vs2016 %

Cash $21 $8 $17 $13 162.5%
Account Receivable 38 30 20 $8 26.7%
Merchandize inventory 60 40 30 $20 50.0%
prepaid expenses 1 2 3 -$1 -50.0%
Total current assets $120 $80 $70 $40 50.0%
Capital assets, at carrying amount 260 150 76 $110 73.3%
Total assets $380 $230 $146 $150 65.2%
Liabilities
Current
Account payable $100 $80 $50 $20 25.0%
Non-current
Borrowings,4% 50 50 0 $0 0.0%
$150 $130 $50 $20 15.4%
Shareholder's Equity
Common shares 200 80 80 $120 150.0%
Retaioned earnings 30 20 16 $10 50.0%
230 100 96 $130 130.0%
Total liabilities and shareholder's equity $380 $230 $146 $150 65.2%

Income statement
For the Years Ended December 31
Sales $210 $120 $100 $90 75.0%
Cost of goods sold 158 80 55 $78 97.5%
Gross profit $52 $40 $45 $12 30.0%
Operating expenses 35 32 33 $3 9.4%
Income from operations $17 $8 $12 $9 112.5%
Interest expense 2 2 0 $0 0.0%
Income before income taxes $15 $6 $12 $9 150.0%
income taxes5 5 2 4 $3 150.0%
net income $10 $4 $8 $6 150.0%

The present proportion of the organization is by all accounts fluctuating amid the period yet since it is more than
1 so it is worthy. This demonstrates the organization can utilize its present resources incase of addressing the
requirements for current liabilities.however we have been given that 60 days is the time priod for net deals. this
implies all credits asserted inside this time period are worthy and controllable which is conceivable just in year
2017 since the day and age is 59 days as it were. In spite of the fact that the gross benefits have demonstrated
huge decay amid the period yet we can't examine the future development just within the sight of this
information since there can be a few different reasons which won't not be broke down here but rather effect
can be found in future.
current ratio=current asset/current liabilities
2017 2016 2015
CR 1.2 1 1.4

QUICK RATIO=CA-INVENTORY AND PREPAID EXPENSES/CL

2017 2016 2015
QUICK ASS $59 $38 $37
RATIO 0.59 0.475 0.74

ACOUNTS RECIEVABLE COLLECTION PERIOD= AVG ACCOUNTS RECIEVABLES/NET CREDIT SALES*365DAYS

AVG ACCOU 34 25 10
ARCP $59.10 $76.04 $36.50

CASH RATIO=CASH+MARKETABLE SECURITIES/CL

CASH RATI 0.21 0.1 0.34

WORKING CAPITAL =CURRENT ASSET - CURRENT LIAQBILITY

$20 $0 $20

NET PROFIT RATIO=NET INCOME/NET SALES

0.047619 0.033333 0.08
COGS AND SALES INCREASED AND
ALMOST DOUBLES SHOWING THAT THE
BUSINESS WAS GROWING AT A
GROSS PROFIT RATIO=GROSS PROFIT/NET SALES CONSTANT PACE.
0.247619 0.333333 0.45

THIS SHOWS THAT MAY BE BORROWINGS INCREASED DUE TO MORE INVESTMENT

IN THE BUSINESS OR OTHER WAY WE CAN ASSUME THAT COMPANY TOOK LOAN TO
REPAY ANY DEBTS.