% of Sales % of Sales % Change
Sales 200,000$ 100% 225,000$ 100% 13%
Less: Cost of Goods Sold 85,000 43% 100,000 44% 18%
Gross Margin 115,000 58% 125,000 56% 9%
Expenses:
Advertising 18,000$ 9% 17,000$ 8% -6%
Rosey’s Roses
Income Statement
for the period ended
12/31/2023
12/31/2022
17% 6%
13%
1% 4%
Expenses 2023
Advertising
Communications
$20,000
$40,000
$60,000
Amount
Expenses for 2022 and 2023
Student Name 3/6/2023 ch3-07_student_name.xlsx
Communications 7,500 4% 6,500 3% -13%
Depreciation 5,000 3% 5,000 2% 0%
Payroll 32,000 16% 54,700 24% 71%
Rent 11,600 6% 13,000 6% 12%
Supplies 1,300 1% 800 0% -38%
Utilities 4,600 80,000 2% 4,000 101,000 2% -13%
% of Assets % of Assets % Change
Assets
Current Assets:
Cash 15,000.00 13% 15,000.00 11% 0%
Liabilities and Stockholders’ Equity
Current Liabilities
Accounts Payable 22,500.00 19% 25,000.00 18% 11%
Payroll Liabilities 4,500.00 27,000.00 4% 5,000.00 30,000.00 4% 11%
Long-Term Debt 70,000.00 58% 63,000.00 45% -10%
Owner’s Equity 23,000.00 19% 47,000.00 34% 104%
12/31/2022
Rosey’s Roses
Balance Sheet
as of
12/31/2023
Student Name 3/6/2023 ch3-07_student_name.xlsx
Inventory 11,250.00 9% 38,626.03 28% 243%
Supplies 250.00 48,500.00 0% 500.00 72,500.00 0% 100%
Buildings 55,000.00 46% 75,000.00 54% 36%
Equipment 26,500.00 22% 7,500.00 5% -72%
Less: Accumulated Depreciation 10,000.00 71,500.00 8% 15,000.00 67,500.00 11% 50%
Profitability
Return on owners’ investment 69%
Return on total investment 18%
Rosey’s Roses
Ratio Analysis
December 2023
Profit margin 11%
Gross margin 56%
Liquidity
Current ratio 2.42
Quick ratio 1.11
Receivable turnover 11.15
Inventory turnover 4.01
Solvency
Debt-to-equity 198%
Liability 66%