12/31/19 12/31/20 % of Sales % Change
Sales Revenue 950,000.00$ 1,300,000.00$ 100% 37%
Less: Cost of Goods Sold 500,000.00 800,000.00 62% 60%
Gross Margin 450,000.00 500,000.00 38% 11%
Expenses:
What SUP, Inc.
Income Statement
For the Year Ended
13% 8%
12%
2020 Expenses
Advertising
Depreciation
150,000.00
200,000.00
Expense Comparison
Assets 12/31/19 12/31/20 % of Assets % Change
Current Assets:
Cash 35,000.00$ 25,000.00$ 4% -29%
Accounts Receivable 60,000.00 65,000.00 11% 8%
Inventory 115,000.00 140,000.00 23% 22%
Liabilities and Stockholders’ Equity
Liabilities
Current Liabilities:
Accounts Payable 52,000.00$ 40,000.00$ 7% -23%
Payroll Liabilities 8,457.36 11,457.36 2% 35%
What SUP, Inc.
Balance Sheet
as of
Profitability
Return on owners’ investment 26%
Liquidity
Current ratio 4.76
Solvency
Debt-to-equity 21%
What SUP, Inc.
Ratio Analysis
Ratio Analysis 2020