Financial Ratios

Liquidity Ratios 2019

Current Ration = current assets/current liabilities 4.805034653

Quick Ratio = Total Current Assets - Inventory 4.2650045603

Current Liabilities

Working Capital Ratio = current assets/current liabilities 4.7676240294

Times Interest Earned rat= Income before interest and taxes or Ebit 26.39
Interest Expense

Solvency

Total Liabilities 0.3991746001

Debt to Equity = Total Equity

Equity Ratio = Total Equity 0.7147070851

Total Assets

Debt Ratio = Total Liabilities 0.2852929149

Total Assets

Profitabilty Ratio

Gross Margin Ratio = Gross Margin 0.88

Net Sales

Profit Margin = Net Income 0.4902285057

Net Sales

Return on Assets = Net Income 0.5317436253

Average Total Assets
Return on Equity = Income 0.3720010871
Owner's Equity
 2020 2021 2022 2023

6.09815688 7.22026961 8.19581031 9.131728053

5.56378181 6.69090558 7.6709194 8.605877942

6.06990236 7.20059451 8.18401027 9.125637098

51.01 66.86 88.93 120.61

0.28730629 0.22163879 0.15217688 0.149558245

0.7768159 0.81857257 0.84782312 0.869899376

0.2231841 0.18142743 0.15217688 0.130100624

0.88 0.88 0.88 0.88

0.49902862 0.50686873 0.51387974 0.522900907

0.27 0.24 0.22 0.21

0.30336926 0.26164155 0.23374564 0.214778744
 2019
Current Assets

Cash 51,532,600.00
Merchandise Inventory 6,525,000.00

TOTAL CURRENT ASSETS 58,057,600.00

Non-current Assets

Property, Plant and Equipment, Net 22,150,000.00

TOTAL NON-CURRENT ASSETS 22,150,000.00

TOTAL ASSETS 80,207,600.00

Current Liabilities

Loan Payable 1,200,000.00

Tax Due Payable 10,882,660.00

TOTAL CURRENT LIABILITIES 12,082,660.00

Non-current Liabilities

Loan Payable 10,800,000.00

TOTAL NONCURRENT LIABILITIES 10,800,000.00

TOTAL LIABILITIES 22,882,660.00

Owner's Equity

Retchelle Casana, Capital 57,324,940.00

TOTAL LIABILITIES and EQUITY 80,207,600.00

***assumed Ending Merchandise Inventory is 15% of the sales

 2020 2021 2022 2023

78,127,200.00 109,070,340.50 145,028,181.09 186,769,127.44

7,503,750.00 8,629,312.50 9,923,709.38 11,412,265.78

85,630,950.00 117,699,653.00 154,951,890.46 198,181,393.23

20,300,000.00 18,450,000.00 16,600,000.00 14,750,000.00

20,300,000.00 18,450,000.00 16,600,000.00 14,750,000.00

105,930,950.00 136,149,653.00 171,551,890.46 212,931,393.23

1,200,000.00 1,200,000.00 1,200,000.00 1,200,000.00

12,842,103.50 15,101,282.28 17,706,231.91 20,502,507.14

14,042,103.50 16,301,282.28 18,906,231.91 21,702,507.14

9,600,000.00 8,400,000.00 7,200,000.00 6,000,000.00

9,600,000.00 8,400,000.00 7,200,000.00 6,000,000.00

23,642,103.50 24,701,282.28 26,106,231.91 27,702,507.14

82,288,846.50 111,448,370.73 145,445,658.55 185,228,886.09

105,930,950.00 136,149,653.00 171,551,890.46 212,931,393.23

 40,103,800.00 93,069,275.00
121040301.5 153850771.73
192241641.8426
 2019 2020

Sales 100% 43,500,000.00 50,025,000.00

Variable Cost 12% 5,220,000.00 6,003,000.00
Gross Profit 88% 38,280,000.00 44,022,000.00
Operating Cost:
Advertising and Marketing Expenses (1,090,000.00) (1,199,000.00)
Salaries Expenses (2,340,000.00) (2,574,000.00)
Depreciation Expense (1,850,000.00) (1,850,000.00)
Electricity Expense (1,500,000.00) (1,680,000.00)
Water Expense (252,000.00) (277,200.00)
Internet and Telephone Expenses (20,400.00) (22,440.00)
SSS, Philhealth and Pagibig Dues (370,000.00) (407,000.00)
13th month pay (195,000.00) (214,500.00)
Insurance Expense (80,000.00) (88,000.00)
Delivery Expenses (1,740,000.00) (2,001,000.00)
Taxes and Licenses (2,175,000.00) (2,501,250.00)
Commission Expense (870,000.00) (1,000,500.00)
LPG Expense (580,000.00) (649,600.00)
Interest Expense (840,000.00) (756,000.00)
Fixed Cost 18% 7,830,000.00 9,004,500.00
Net Income before tax 32,207,600.00 37,806,010.00
Income Tax (10,882,660.00) (12,842,103.50)
Net Income after tax 21,324,940.00 24,963,906.50

(6,072,400.00)

(6,072,400.00)
 2021 2022 2023

57,528,750.00 66,158,062.50 76,081,771.88

6,903,450.00 7,938,967.50 9,129,812.63
50,625,300.00 58,219,095.00 66,951,959.25

(1,318,900.00) (1,450,790.00) (1,595,869.00)

(2,831,400.00) (3,114,540.00) (3,425,994.00)
(1,850,000.00) (1,850,000.00) (1,850,000.00)
(1,881,600.00) (2,107,392.00) (2,360,279.04)
(304,920.00) (335,412.00) (368,953.20)
(24,684.00) (27,152.40) (29,867.64)
(447,700.00) (492,470.00) (541,717.00)
(235,950.00) (259,545.00) (285,499.50)
(96,800.00) (106,480.00) (117,128.00)
(2,301,150.00) (2,646,322.50) (3,043,270.88)
(2,876,437.50) (3,307,903.13) (3,804,088.59)
(1,150,575.00) (1,323,161.25) (1,521,635.44)
(727,552.00) (814,858.24) (912,641.23)
(672,000.00) (588,000.00) (504,000.00)
10,355,175.00 11,908,451.25 13,694,718.94
44,260,806.50 51,703,519.74 60,285,734.67
(15,101,282.28) (17,706,231.91) (20,502,507.14)
29,159,524.23 33,997,287.83 39,783,227.54
 2019

Rechelle Casana, Capital - Beginning 36,000,000.00

Add: Net Income 21,324,940.00
Rechelle Casana, Capital - Ending 57,324,940.00
 2020 2021 2022 2023

57,324,940.00 82,288,846.50 111,448,370.73 145,445,658.55

24,963,906.50 29,159,524.23 33,997,287.83 39,783,227.54
82,288,846.50 111,448,370.73 145,445,658.55 185,228,886.09
Cash Flow from Operating Activities
Net Income
Depreciation
Increase in Inventory
Increase in Income Tax Payable
NET CASH PROVIDED/ (USED) FROM OPERATING ACTIVITIES

CASH FLOW FROM INVESTING ACTIVITIES

Acquisition of Property Plant and Equipment

NET CASH PROVIDED/ (USED) FROM INVESTING ACTIVITIES

CASH FLOW FROM FINANCING ACTIVITIES

Borrowed Money

NET CASH PROVIDED/ (USED) FROM FINANCING ACTIVITIES

NET INCREASE/(DECREASE) IN CASH BALANCE

Add: Cash Balance, Beginning
CASH BALANCE, ENDING
 2,019.00 2020 2021 2022 2023

21,324,940.00 24,963,906.50 29,159,524.23 33,997,287.83 39,783,227.54

1,850,000.00 1,850,000.00 1,850,000.00 1,850,000.00 1,850,000.00
(6,525,000.00) (978,750.00) (1,125,562.50) (1,294,396.88) (1,488,556.41)
10,882,660.00 1,959,443.50 2,259,178.78 2,604,949.63 2,796,275.23
27,532,600.00 27,794,600.00 32,143,140.50 37,157,840.59 42,940,946.36

(24,000,000.00) 0 0 0 0

(24,000,000.00) 0 0 0 0

12,000,000.00 (1,200,000.00) (1,200,000.00) (1,200,000.00) (1,200,000.00)

12,000,000.00 (1,200,000.00) (1,200,000.00) (1,200,000.00) (1,200,000.00)

15,532,600.00 26,594,600.00 30,943,140.50 35,957,840.59 41,740,946.36

36,000,000.00 51,532,600.00 78,127,200.00 109,070,340.50 145,028,181.09
51,532,600.00 78,127,200.00 109,070,340.50 145,028,181.09 186,769,127.44
 LOAN AMOUNT: 12,000,000.00
Interest Rate per Annum 7%
No. of Years Payable 10 Years

YEAR Principal Interest Total Due

1 1,200,000.00 840,000.00 2,040,000.00

2 1,200,000.00 756,000.00 1,956,000.00
3 1,200,000.00 672,000.00 1,872,000.00
4 1,200,000.00 588,000.00 1,788,000.00
5 1,200,000.00 504,000.00 1,704,000.00
6 1,200,000.00 420,000.00 1,620,000.00
7 1,200,000.00 336,000.00 1,536,000.00
8 1,200,000.00 252,000.00 1,452,000.00
9 1,200,000.00 168,000.00 1,368,000.00
10 1,200,000.00 84,000.00 1,284,000.00

*** The interest due was computed based on the dimenishing interest method.
 Remaining Balance
12,000,000.00
10,800,000.00
9,600,000.00
8,400,000.00
7,200,000.00
6,000,000.00
4,800,000.00
3,600,000.00
2,400,000.00
1,200,000.00
-

nishing interest method.

 Useful Life
Land 3,000,000.00
Building 5,000,000.00 20
Delivery Equipment 1,000,000.00 10
Production Equipments 15,000,000.00 10
24,000,000.00

Chelle
Schedule of Amortization

Name: Building
Useful Life: 20

Year Depreciation Amount Accumulated Depreciation Book Value

5,000,000.00
1 250,000.00 250,000.00 4,750,000.00
2 250,000.00 500,000.00 4,500,000.00
3 250,000.00 750,000.00 4,250,000.00
4 250,000.00 1,000,000.00 4,000,000.00
5 250,000.00 1,250,000.00 3,750,000.00
6 250,000.00 1,500,000.00 3,500,000.00
7 250,000.00 1,750,000.00 3,250,000.00
8 250,000.00 2,000,000.00 3,000,000.00
9 250,000.00 2,250,000.00 2,750,000.00
10 250,000.00 2,500,000.00 2,500,000.00
11 250,000.00 2,750,000.00 2,250,000.00
12 250,000.00 3,000,000.00 2,000,000.00
13 250,000.00 3,250,000.00 1,750,000.00
14 250,000.00 3,500,000.00 1,500,000.00
15 250,000.00 3,750,000.00 1,250,000.00
16 250,000.00 4,000,000.00 1,000,000.00
17 250,000.00 4,250,000.00 750,000.00
18 250,000.00 4,500,000.00 500,000.00
19 250,000.00 4,750,000.00 250,000.00
20 250,000.00 5,000,000.00 -
Annual Depreciation

250,000.00
100,000.00
1,500,000.00
1,850,000.00

Chelle
Schedule of Amortization

Name: Delivery Equipment

Useful Life: 10

Year Depreciation Amount Accumulated Depreciation

1 100,000.00 100,000.00
2 100,000.00 200,000.00
3 100,000.00 300,000.00
4 100,000.00 400,000.00
5 100,000.00 500,000.00
6 100,000.00 600,000.00
7 100,000.00 700,000.00
8 100,000.00 800,000.00
9 100,000.00 900,000.00
10 100,000.00 1,000,000.00
 Chelle
n Schedule of Amortization

Name: Production Equipment

Useful Life: 10

Book Value Year Depreciation Amount

1,000,000.00
900,000.00 1 1,500,000.00
800,000.00 2 1,500,000.00
700,000.00 3 1,500,000.00
600,000.00 4 1,500,000.00
500,000.00 5 1,500,000.00
400,000.00 6 1,500,000.00
300,000.00 7 1,500,000.00
200,000.00 8 1,500,000.00
100,000.00 9 1,500,000.00
- 10 1,500,000.00
 Chelle
Schedule of Amortization

Accumulated Depreciation Book Value

15,000,000.00
1,500,000.00 13,500,000.00
3,000,000.00 12,000,000.00
4,500,000.00 10,500,000.00
6,000,000.00 9,000,000.00
7,500,000.00 7,500,000.00
9,000,000.00 6,000,000.00
10,500,000.00 4,500,000.00
12,000,000.00 3,000,000.00
13,500,000.00 1,500,000.00
15,000,000.00 -
 2019 2020 2021 2022
Net Income 32,207,600.00 37,806,010.00 44,260,806.50 51,703,519.74
Baseline 8,000,000.00 8,000,000.00 8,000,000.00 8,000,000.00
Excess from Baseline 24,207,600.00 29,806,010.00 36,260,806.50 43,703,519.74
Rate for Excess from Baseline 35% 35% 35% 35%
Total 8,472,660.00 10,432,103.50 12,691,282.28 15,296,231.91
Add: Base Amount 2,410,000.00 2,410,000.00 2,410,000.00 2,410,000.00
Tax Due 10,882,660.00 12,842,103.50 15,101,282.28 17,706,231.91
 2023
60,285,734.67
8,000,000.00
52,285,734.67
35%
18,300,007.14
2,202,500.00
20,502,507.14
 Muff Organic Juice
Statement for Other Expense per Year

2019 2020 2021 2022

Amount Amount Amount Amount
Electricity Expenses 1,500,000.00 1,680,000.00 1,881,600.00 2,107,392.00
LPG Expenses 580,000.00 649,600.00 727,552.00 814,858.24
Water Consumption 252,000.00 277,200.00 304,920.00 335,412.00
Pag-ibig, SSS and Philhealth Expenses 370,000.00 407,000.00 447,700.00 492,470.00
Insurance Expense 80,000.00 88,000.00 96,800.00 106,480.00
Taxes and License 2,175,000.00 2,501,250.00 2,876,437.50 3,307,903.13
Delivery Expenses 1,740,000.00 2,001,000.00 2,301,150.00 2,646,322.50
Internet and Telephone Expenses 20,400.00 22,440.00 24,684.00 27,152.40
Commission Expense 870,000.00 1,000,500.00 1,150,575.00 1,323,161.25

Total Other Expenses 7,587,400.00 8,626,990.00 9,811,418.50 11,161,151.52

**Assumed that the above expenses will increase 10% increase in previous year
**Commission expense is 2% of Sales
**Taxes and licenses is 5% of sales
**Delivery equipment is 4% of sales
**Electricity will increase by 12% every year
 2023
Amount
2,360,279.04
912,641.23
368,953.20
541,717.00
117,128.00
3,804,088.59
3,043,270.88
29,867.64
1,521,635.44

12,699,581.02
 Chelle
Statement for Marketing Expense per Year

2019 2020 2021

Amount Amount Amount
Advertisement in Local Television 110,000.00 121,000.00 133,100.00
Advertisement in Radio 45,000.00 49,500.00 54,450.00
Advertisement in Social Media 10,000.00 11,000.00 12,100.00
Advertisement in Newspapers 25,000.00 27,500.00 30,250.00
Marketing Strategies:
Discounts 600,000.00 660,000.00 726,000.00
Free Tasting 300,000.00 330,000.00 363,000.00

TOTAL 1,090,000.00 1,199,000.00 1,318,900.00

***Assumng that the Marketing Expenses will increase by 10% yearly

1.1
 2022 2023
Amount Amount
146,410.00 161,051.00
59,895.00 65,884.50
13,310.00 14,641.00
33,275.00 36,602.50

798,600.00 878,460.00
399,300.00 439,230.00

1,450,790.00 1,595,869.00
 2019
Name Description Price Number of Units Sold TOTAL
Ensaymada - 10 1,800,000.00 18,000,000.00
Pandesal - 5 2,500,000.00 12,500,000.00
Cinnamon - 10 1,300,000.00 13,000,000.00
43,500,000.00

2020
Name Description Price Number of Units Sold TOTAL
Ensaymada - 10 2,070,000.00 20,700,000.00
Pandesal - 5 2,875,000.00 14,375,000.00
Cinnamon - 10 1,495,000.00 14,950,000.00
50,025,000.00

2021
Name Description Price Number of Units Sold TOTAL
Ensaymada - 10 2,380,500.00 23,805,000.00
Pandesal - 5 3,306,250.00 16,531,250.00
Cinnamon - 10 1,719,250.00 17,192,500.00
57,528,750.00

2022
Name Description Price Number of Units Sold TOTAL
Ensaymada - 10 2,737,575.00 27,375,750.00
Pandesal - 5 3,802,187.50 19,010,937.50
Cinnamon - 10 1,977,137.50 19,771,375.00
66,158,062.50

2023
Name Description Price Number of Units Sold TOTAL
Ensaymada - 10 3,148,211.25 31,482,112.50
Pandesal - 5 4,372,515.63 21,862,578.13
Cinnamon - 10 2,273,708.13 22,737,081.25
76,081,771.88
***Assumed sales will increase by 15%
 Muff Organic Juice
Statement for Salaries Expense per Year

Monthly Rate Number of Days Working per Month Rate per Day
Production:

Manager 1 20,000.00 26 769.23

Supervisor 1 14,000.00 26 538.46
Staff 4 8,000.00 26 307.69

Sales:
Sales Manager 1 20,000.00 26 769.23
Staff 2 8,000.00 26 307.69

Distribution
Staff 2 8,000.00 26 307.69

Accounting
Manager 1 25,000.00 26 961.54
Staff 2 12,000.00 26 461.54

Human Resource
Manager 1 18,000.00 26 692.31
Staff 1 10,000.00 26 384.62

TOTAL 16.00 143,000.00 5,500.00

Number of Months
GRAND TOTAL

**Assuming that the salaries of employees will increase 10% every year
 2019 2020 2021 2022 2023

20,000.00 22,000.00 24,200.00 26,620.00 29,282.00

14,000.00 15,400.00 16,940.00 18,634.00 20,497.40
32,000.00 35,200.00 38,720.00 42,592.00 46,851.20

20,000.00 22,000.00 24,200.00 26,620.00 29,282.00

16,000.00 17,600.00 19,360.00 21,296.00 23,425.60

16,000.00 17,600.00 19,360.00 21,296.00 23,425.60

25,000.00 27,500.00 30,250.00 33,275.00 36,602.50

24,000.00 26,400.00 29,040.00 31,944.00 35,138.40

18,000.00 19,800.00 21,780.00 23,958.00 26,353.80

10,000.00 11,000.00 12,100.00 13,310.00 14,641.00

195,000.00 214,500.00 235,950.00 259,545.00 285,499.50

12 12 12 12 12
2,340,000.00 2,574,000.00 2,831,400.00 3,114,540.00 3,425,994.00