12/31/18 % 12/31/19 %
Sales Revenue 850,511.65$ 100% 925,614.50$ 100%
Less: Cost of Goods Sold 442,619.87 52% 489,547.25 53%
Gross Margin 407,891.78 48% 436,067.25 47%
Expenses:
Advertising 20,654.21 2% 25,124.88 3%
What SUP, Inc.
Income Statement
For the Year Ended
2019 Expenses
Advertising
Depreciation
Student Name 3/6/2023 ch3-01_Vertical_Analysis_student_name.xlsx
Depreciation 22,000.00 3% 23,000.00 2%
Interest 40,846.24 5% 38,412.11 4%
Other 5,421.55 1% 3,200.74 0%
Payroll 115,365.11 14% 126,141.84 14%
Utilities 23,541.25 3% 24,788.14 3%
Net income before taxes 180,063.42 21% 195,399.54 21%
Income taxes 65,218.98 8% 69,451.14 8%
Assets 12/31/18 % 12/31/19 %
Current Assets:
Cash 25,412.35$ 4% 20,182.15$ 3%
Accounts Receivable 66,365.79 10% 102,544.24 14%
Inventory 125,351.45 18% 152,154.21 20%
Liabilities and Stockholders’ Equity
Liabilities
Current Liabilities:
Accounts Payable 75,182.10$ 11% 66,095.32$ 9%
Payroll Liabilities 5,013.87 1% 8,152.25 1%
Long-Term Debt 400,000.00 58% 320,000.00 43%
Stockholders’ Equity
Common Stock 110,000.00 16% 130,000.00 17%
Retained Earnings 99,804.03 14% 225,752.43 30%
What SUP, Inc.
Balance Sheet
as of
Prepaid Expenses 15,625.26 2% 15,241.75 2%
Supplies 10,245.15 1% 9,877.65 1%
Property, Plant, and Equipment:
Land 120,000.00 17% 120,000.00 16%
Building 300,000.00 43% 315,000.00 42%
Equipment 95,000.00 14% 105,000.00 14%
Less: Accumulated Depreciation