12/31/18 12/31/19 % of Sales % Change
Sales Revenue 850,000.00$ 950,000.00$ 100% 12%
Less: Cost of Goods Sold 445,000.00 500,000.00 53% 12%
Gross Margin 405,000.00 450,000.00 47% 11%
Expenses:
Advertising 18,000.00 30,000.00 3% 67%
What SUP, Inc.
Income Statement
For the Year Ended
10% 8%
17%
12%
2019 Expenses
Advertising
Depreciation
Interest
Assets 12/31/18 12/31/19 % of Assets % Change
Current Assets:
Cash 24,000.00$ 35,000.00$ 6% 46%
Accounts Receivable 56,000.00 60,000.00 10% 7%
Inventory 100,000.00 93,000.00 16% -7%
Liabilities and Stockholders’ Equity
Liabilities
Current Liabilities:
Accounts Payable 75,000.00$ 98,000.00$ 16% 31%
Payroll Liabilities 2,000.00 6,000.00 1% 200%
What SUP, Inc.
Balance Sheet
as of
Profitability Liquidity Solvency
Return on owners’ investment 45% Current ratio 1.60 Debt-to-equity 87%
What SUP, Inc.
Ratio Analysis
Ratio Analysis 2019