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Fima Final Exam

The document projects the financial statements for a small business from 2018 to 2022. In the income statement, net sales and net income increase from 2018 to 2021 but decrease in 2022. The cash flow statement shows increasing cash inflows but decreasing ending cash balances from 2018 to 2022. The balance sheet indicates growing total assets but also increasing total liabilities and long-term debt over the 5-year period.

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yohann
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55 views

Fima Final Exam

The document projects the financial statements for a small business from 2018 to 2022. In the income statement, net sales and net income increase from 2018 to 2021 but decrease in 2022. The cash flow statement shows increasing cash inflows but decreasing ending cash balances from 2018 to 2022. The balance sheet indicates growing total assets but also increasing total liabilities and long-term debt over the 5-year period.

Uploaded by

yohann
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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FIVE YEAR PROJECTIONS

FINANCIAL STATEMENT
2018 2019 2020 2021 2022
Income Statement
Net Sales 50,000 67,900 77,000 80,200 88,100
Cost of Goods Sold 25,100 24,600 20,800 21,900 39,500
Net Operating Income 24,900 43,300 56,500 58,300 48,600
Operating Expenses 3,500 3,900 2,100 3,000 3,600
Net Income 21,400 39,400 54,400 55,300 45,000

Cash Flow Statement


Beginning Balance 14,500 12,300 8,200 8,900 11,600
Cash Inflow 7,000 7,600 9,400 9,900 7,000
Cash Outflow (8,200) (5,400) (6,900) (7,900) (8,900)
Ending Cash Balance 13,300 14,500 10,700 10,900 9,700

Balance Sheet
Cash 13,300 14,500 10,700 10,900 9,700
Accounts Receivable 17,600 13, 800 19,800 19,500 21,800
Inventory 6,300 8,200 9,300 9,400 11,200
Prepaid Expenses 5,700 6,300 5,800 3,200 2,700
Total Current Assets 42,900 42,800 45,600 43,000 45,400
Fixed Assets 28,000 30,500 45,000 43,000 41,000
Total Assets 70,900 73,300 90,600 86,000 86,400

Accounts Payable 6,400 6,200 9,800 7,600 8,200


Short-term Notes 5,700 5,500 4,800 5,400 7,700
Accrued & other Liabilities 2,300 2,300 3,000 2,900 2,700
Total Current Liabilities 14,400 14,000 17,600 15,900 18,600
Long-term Debt 22,100 23,700 22,600 21,800 22,400
Other Long-term Liabilities 1,400 1,800 1,400 1,000 1,700
Total Long-term Liabilities 23,500 25,500 24,000 22,800 24,100
Shareholders’ Equity 33,000 33,800 49,000 47,300 43,700
Total Liabilities and Equity 70,900 73,300 90,600 86,000 86,400

INTERPRETATION:

 I started my small business in 2018. My invested is also small amount that’s why I
borrowed money and found a share person. In our first year, it’s okay. I paid off the other
debts, including the salary. And also, it made only a small income because it was just
started. In the next year, almost the same but our net income increased a little amount. In
2020, it’s starting to recognized, our income is good too, for a small business that I had.
In 2021, our highest net income. And in 2022, our income went down, our debt also
increased that’s why we have only a little to share.
 For the sustainability our business, we address our own needs without compromising
others. We always maintain the cleanliness of our café and products, for the customers to
go back in my café. We didn’t use any harmful chemicals and my business was
ecofriendly.
 Our business is still profitable, so I think we will innovate a new way to improve our
sales and for the business to not loss and run for long.

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