FINANCIAL HIGHLIGHTS AND PROJECTED FINANCIAL STATEMENTS

LetChoose Farm Corporation

Financial Highlights
(insert FS)
 Let Choose Farm Corporation

Statement of Comprehensive Income

As of 2019 – 2023

Notes 1st Year 2nd Year 3rd Year 4th Year 5th Year
Net Sales (1)
4,354,560 4,572,288 4,800,902 5,040,948 5,292,995
Less: Cost of Goods Sold (2)
950,720 1,036,087 1,090,289 1,144,269 1,200,762
Gross Profit
3,403,840 3,536,201 3,710,613 3,896,678 4,092,233
Less: Operating Expense
General and Administrative (3)
Expense 685,048 444,095 455,806 468,887 483,501
Selling and Marketing (4)
Expenses 403,234 384,573 390,156 396,409 403,412
Income before Tax
2,315,557 2,707,533 2,864,652 3,031,383 3,205,320
Less: Income Tax Expense
694,667 812,260 859,396 909,415 961,596
Net Income after Tax
1,620,890 1,895,273 2,005,256 2,121,968 2,243,724
 Let Choose Farm Corporation

Projected Statement of Financial Position

As of 2019 - 2023

Note Pre- 1st 2nd 3rd 4th Year 5th Year

s Operating Year Year Year
Current Assets
Cash and Cash
Equivalent 647,679 2,128,38 4,176,89 5,885,58 7,689,48 9,591,44
8 9 0 7 0
Accounts (5)
Receivable - 869,658 913,140 958,798 1,006,73 1,057,07
7 4
Inventories (6)
- 52,961 57,725 60,626 63,628 66,773
Total Current Assets
647,679 3,051,00 5,147,76 6,905,00 8,759,85 10,715,2
7 4 3 2 88

Noncurent Assets
Property, Plant, & (7)
Equipment (net) 2,907,321 2,823,63 2,739,94 2,656,25 2,572,57 2,488,88
3 6 8 1 3

Total Assets
3,555,000 5,874,6 7,887,7 9,561,2 11,332,4 13,204,1
40 10 62 23 71
Current Liabilities
Trade & Other (8)
Payables - 698,750 816,547 863,897 914,141 966,558

- 698,750 816,547 863,897 914,141 966,558

Total Current
Liabilities

Total Liabilities
- 698,750 816,547 863,897 914,141 966,558

Shareholders' Equity
Share Capital
3,555,000 3,555,00 3,555,00 3,555,00 3,555,00 3,555,00
0 0 0 0 0
Retained Earnings (9)
- 1,620,89 3,516,16 5,142,36 6,863,28 8,682,61
0 3 5 2 2
Total Shareholder’s
Equity 3,555,000 5,175,89 7,071,16 8,697,36 10,418,2 12,237,6
0 3 5 82 12

Total Liabilities and

Shareholder’s Equity 3,555,000 5,874,6 7,887,7 9,561,2 11,332,4 13,204,1
40 10 62 23 71
 Let Choose Farm Corporation

Projected Statement of Cash flows

For the Year End, December 31, 2019 – 2023

Note Pre- 1st 2nd 3rd 4th 5th

s Operating Year Year Year Year Year
Cash Flow from Operating (10)
Activities - 1,480,70 2,048,51 2,087,73 2,204,95 2,326,34
9 1 6 8 7
Cash Flow from Investing (11)
Activities (2,907,32 - - - - -
1)
Cash Flow Used from (12)
Financial Activities 3,555,000 - - (379,055 (401,051 (424,394
) ) )

Change in Cash
647,679 1,480,70 2,048,51 1,708,68 1,803,90 1,901,95
9 1 1 7 3
Add: Cash Balance,
Beginning - 647,679 2,128,38 4,176,89 5,885,58 7,689,48
8 9 0 7
Cash Balance, End
647,679 2,128,38 4,176,89 5,885,58 7,689,48 9,591,44
8 9 0 7 0
Statement of changes in shareholder’s equity
(insert)
 NOTE 1 - NET SALES
1st Year 2nd Year 3rd Year 4th Year 5th Year
Gross Sales 4,480,000 4,704,000 4,939,200 5,186,160 5,445,468
Less: SRAD 125,440 131,712 138,298 145,212 152,473
Net Sales 4,354,560 4,572,288 4,800,902 5,040,948 5,292,995
 NOTE 2 - COST OF GOODS SOLD
1st Year 2nd Year 3rd Year 4th Year 5th Year
Raw materials, beginning -
5,425 5,696 5,981 6,280
Purchases
119,341 113,916 119,612 125,593 131,872
Less: Raw materials, ending
5,425 5,696 5,981 6,280 6,594
Total raw materials used
113,916 113,645 119,327 125,294 131,558
Direct labor
674,166 706,686 742,089 779,127 817,887
Manufacturing overhead
210,173 220,249 231,489 242,552 254,148
Total manufacturing costs
998,256 1,040,580 1,092,906 1,146,972 1,203,593
Finished goods, beginning -
47,536 52,029 54,645 57,349
Total goods available for sale
998,256 1,088,116 1,144,934 1,201,618 1,260,942
Less: Finished goods, ending
47,536 52,029 54,645 57,349 60,180
Cost of Goods Sold
950,720 1,036,087 1,090,289 1,144,269 1,200,762

NOTE 3 - ADMINISTRATIVE EXPENSE

1st Year 2nd Year 3rd Year 4th Year 5th Year
Administrative Salaries
346,080 363,384 381,553 400,631 420,662
Employer Contribution
29,739 30,419 30,668 31,373 32,091
13th Month Pay
28,840 30,282 31,796 33,386 35,055
Professional Fee
84,000 88,200 92,610 97,241 102,103
Depreciation
30,548 30,548 30,548 30,548 30,548
Taxes and Licenses
6,020 6,321 6,637 6,969 7,317
Office Supplies Expense
17,416 18,287 19,201 20,161 21,169
Utilities Expense
44,909 47,155 49,512 51,988 54,587
Uniform Expense
9,550 10,028 10,529 11,055 11,608
Cleaning Supplies
8,331 8,748 9,185 9,644 10,126
Organization Cost
79,616 83,596 87,776 92,165 96,773
Total Administrative
Expenses 685,048 716,966 750,016 785,161 822,040

NOTE 4 - SELLING EXPENSE

1st Year 2nd Year 3rd Year 4th Year 5th Year
Salaries (Cashier & Driver)
258,000.00 270,900.00 284,445.00 298,667.25 313,600.61
Employer Contribution
25,194.30 26,254.88 27,767.12 29,087.07 30,618.41
13th Month Pay
21,500.00 22,575.00 23,703.75 24,888.94 26,133.38
Depreciation
48,900.00 48,900.00 48,900.00 48,900.00 48,900.00
Utilities Expense
44,640.00 46,872.00 49,215.60 51,676.38 54,260.20
Promotional Activities
5,000.00 5,250.00 5,512.50 5,788.13 6,077.53
Total Selling Expense
403,234.30 420,751.88 439,543.97 459,007.77 479,590.14
 NOTE 5 - Accounts Receivable
1st Year 2nd Year 3rd Year 4th Year 5th Year
Accounts
Receivable 896,000.00 940,800.00 987,840.00 1,037,232.00 1,089,093.60
Allowance for
Doubtful 26,342 27,660 29,042 30,495 32,019
Accounts
Net Realizable
Value 869,658 913,140 958,798 1,006,737 1,057,074

NOTE 6 - Inventory

1st Year 2nd Year 3rd Year 4th Year 5th Year
Raw Material Inventory
Raw Materials Inventory, beg.
- 5,425 5,696 5,981 6,280
Add: Purchases
119,341 113,916 119,612 125,593 131,872
Materials Available for use
119,341 119,341 125,308 131,573 138,152
Less: Materials issued
113,916 113,645 119,327 125,294 131,558
Raw Materials Inventory, end.
5,425 5,696 5,981 6,280 6,594
Finished Goods Inventory
Add: Finished Goods
Inventory, beg. - 47,536 52,029 54,645 57,349
Cost of Goods Manufactured
998,256 1,040,580 1,092,906 1,146,972 1,203,593
Total Goods Available for Sale
998,256 1,088,116 1,144,934 1,201,618 1,260,942
Cost of Goods Sold
950,720 1,036,087 1,090,289 1,144,269 1,200,762
Finished Goods Inventory,
end. 47,536 52,029 54,645 57,349 60,180

Total
52,961 57,725 60,626 63,628 66,773

NOTE 7 – PPE

Pre 1st Year 2nd Year 3rd Year 4th Year 5th Year
Operating

Land
1,500,000 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000
Building
800,000 800,000 800,000 800,000 800,000 800,000
Office Equipment
63,040 63,040 63,040 63,040 63,040 63,040
Factory Tools and
Equipments 29,450 29,450 29,450 29,450 29,450 29,450
Furnitures and Fixtures
25,831 25,831 25,831 25,831 25,831 25,831
Vehicle
489,000 489,000 489,000 489,000 489,000 489,000
Total
2,907,321 2,907,321 2,907,321 2,907,321 2,907,321 2,907,321
Accumulated Depreciation
83,688 167,375 251,063 334,750 418,438
Net Book Value
2,823,633 2,739,946 2,656,258 2,572,571 2,488,883

Depreciation 1st 2nd 3rd 4th Year 5th Year

Year Year Year
Accumulated 251,063 334,750
Depreciaton, beg - 83,688 167,375
Building 16,000 16,000
16,000 16,000 16,000
Office 10,938 10,938
Equipment 10,938 10,938 10,938
Factory Tools 4,240 4,240
and Equipments 4,240 4,240 4,240
Furnitures 3,610 3,610
and Fixtures 3,610 3,610 3,610
Vehicle 48,900 48,900
48,900 48,900 48,900
Accumulated
Depreciaton, end 83,688 167,375 251,063 334,750 418,438

NOTE 8 - Trade and Other Payable

1st Year 2nd Year 3rd Year 4th Year 5th Year
Income Tax
Payable 694,667 812,260 859,396 909,415 961,596
Utilities Payable
4,082.65 4,286.78 4,501.12 4,726.17 4,962.48
Total
698,750 816,547 863,897 914,141 966,558

1st Year 2nd Year 3rd Year 4th Year 5th Year
Changes
698,750 117,797 47,350 50,245 52,417
 Note 9 - Retained Earnings
1st Year 2nd Year 3rd Year 4th Year 5th Year
Retained Earnings, -
beg 1,620,890 3,516,163 5,142,365 6,863,282
Net income
1,620,890 1,895,273 2,005,256 2,121,968 2,243,724
Dividends - -
379,055 401,051 424,394
Retained Earnings,
end 1,620,890 3,516,163 5,142,365 6,863,282 8,682,612

Note 10 - Operating Activities

Pre- 1st Year 2nd 3rd 4th Year 5th Year

Operating Year Year
Operating
Net Income after Tax
- 1,620,89 1,895,27 2,005,25 2,121,96 2,243,72
0 3 6 8 4
Noncash expenses
Depreciation
- 83,688 83,688 83,688 83,688 83,688
Doubtful Account
- 26,342 1,317 1,383 1,452 1,525
 - 1,730,92 1,980,27 2,090,32 2,207,10 2,328,93
0 8 7 8 6
Change in Current Assets:
Change in Inventories
- 52,961 4,764 2,901 3,002 3,145
Change in Accounts
Receivable 896,000 44,800 47,040 49,392 51,862
Change in current liabilities
- 698,750 117,797 47,350 50,245 52,417
Net Cash Provided by
Operating Activities - 1,480,70 2,048,51 2,087,73 2,204,95 2,326,34
9 1 6 8 7

Note 11 - Investing Activities

Pre- 1st 2nd 3rd 4th 5th

Operating Year Year Year Year Year
Investing
Purchase of Land
1,500,000 - - - - -
Bulding Constuction
800,000
Purchase of Office Equipment
63,040 - - - - -
Purchase of Factory Tools and
Equipments 29,450 - - - - -
Purchase of Furniture and Fixtures
25,831 - - - - -
Purchase of Delivery Vehicle
489,000 - - - - -
Net Cash Provided by Investing
Activities (2,907,321) - - - - -

Note 12 - Financing Activities

Pre- 1st 2nd 3rd Year 4th Year 5th Year

Operating Year Year
Financing
Investment of Shareholders
3,555,000 - - - - -
Dividends
- - - 379,055 401,051 424,394
Net Cash Provided by Financing
Activities 3,555,000 - - (379,055) (401,051) (424,394)
 Schedule E

SALES BUDGET
1st year 2nd 3rd year 4th Year 5th Year 6th Year 7th Year
year
Sales in Units
(kilogram) 44,800 44,800 44,800 44,800 44,800 44,800 44,800
Selling Price
100 105 110 116 122 128 134
Total Sales
4,480,000 4,704,000 4,939,200 5,186,160 5,445,468 5,717,741 6,003,628

Schedule F

PRODUCTION BUDGET
1st 2nd 3rd 4th 5th 6th 7th
Year Year Year Year Year Year Year
Sales in Units (kilogram) 44,800 44,800 44,800 44,800 44,800 44,800 44,800
Add: Desired ending inventory 2,240 2,240 2,240 2,240 2,240 2,240
-
Total required units 47,040 47,040 47,040 47,040 47,040 47,040 44,800
Less: Beginning finished goods 2,240 2,240 2,240 2,240 2,240 2,240
inventory -
Units to Produced 47,040 44,800 44,800 44,800 44,800 44,800 42,560

*Desired Ending Inventory is 5% of Next Year Production

Needed

Schedule G
 DIRECT MATERIALS BUDGET - SEEDS (GREEN WAVE LETTUCE)
1st Year 2nd 3rd 4th 5th Year 6th 7th Year
Year Year Year Year
Required production 47,040 44,800 44,800 44,800 44,800 44,800 42,560
Seeds required per unit 0.005 0.005 0.005 0.005 0.005 0.005 0.005
Packs of seeds needed 235 224 224 224 224 224 213
Add: Desired ending inventory * 11 11 11 11 11 11 0
Total packs of seeds needed 246 235 235 235 235 235 213
Less: Beginning inventory 11 11 11 11 11 11
-
Packs of seeds to be purchased 246 224 224 224 224 223 202
Cost of seeds per pack 30.00 31.50 33.08 34.73 36.47 38.29 40.20
Cost of pack of seeds to be 7,392.00 7,056.00 7,408.80 7,779.4 8,168.20 8,555.1 8,127.41
purchased 7
Cost of Ending Inventory 336 353 370 389 408 407 -

*Desired Ending Inventory is 5% of Next Year Production

Needed

Schedule G.1
 DIRECT MATERIALS BUDGET - CHICKEN MANURE
1st Year 2nd 3rd Year 4th Year 5th Year 6th Year 7th
Year Year
Required production 47,040 44,800 44,800 44,800 44,800 44,800 42,560
Chicken manure required per 0.006 0.006 0.006 0.006 0.006 0.006 0.006
unit (kg)
Chicken manure needed (kg) 263 250 250 250 250 250 238
Add: Desired ending inventory *
13 13 13 13 13 12 -
Total chicken manure needed 275 263 263 263 263 262 238
(kg)
Less: Beginning inventory - 13 13 13 13 13 12
Chicken manure to be 275 250 250 250 250 249 226
purchased (kg)
Cost of chicken manure per 30.00 31.50 33.08 34.73 36.47 38.29 40.20
kilogram

Cost of chicken manure to be 8,250.00 7,875.00 8,268.75 8,682.19 9,116.30 9,548.18 9,070.77
purchased
Cost of Ending Inventory 375 394 413 434 456 455 -

*Desired Ending Inventory is 5% of Next Year Production

Needed

Schedule G.1.1
 DIRECT MATERIALS BUDGET - ORGANIC FERTILIZER
1st 2nd 3rd 4th 5th 6th 7th
Year Year Year Year Year Year Year
Required production 47,040 44,800 44,800 44,800 44,800 44,800 42,560
Organic fertilizer required per 0.003 0.003 0.003 0.003 0.003 0.003 0.003
unit (kg)
Organic fertilizer needed (kg) 131 125 125 125 125 125 119
Add: Desired ending inventory -
* 6 6 6 6 6 6
Total organic fertilizer needed 138 131 131 131 131 131 119
(kg)
Less: Beginning inventory - 6 6 6 6 6 6
Organic fertilizer to be 138 125 125 125 125 125 113
purchased (kg)
Cost of organic fertilizer per 299.00 313.95 329.65 346.13 363.44 381.61 400.69
kilogram
Cost of organic fertilizer to be 41,112.5 39,243.7 41,205.9 43,266.2 45,429.5 47,581.7 45,202.6
purchased 0 5 4 3 5 7 8
Cost of Ending Inventory 1,869 1,962 2,060 2,163 2,271 2,266 -

*Desired Ending Inventory is 5% of Next Year

Production Needed
 Schedule G.1.2

DIRECT MATERIALS BUDGET - COPPER HYDROXIDE

1st 2nd 3rd 4th 5th 6th 7th
Year Year Year Year Year Year Year
Required production 47,040 44,800 44,800 44,800 44,800 44,800 42,560
Copper hydroxide required
per unit (g) 0.04 0.04 0.04 0.04 0.04 0.04 0.04
Copper hydroxide needed 2,100 2,000 2,000 2,000 2,000 2,000 1,900
(g)
Add: Desired ending -
inventory * 100.00 100.00 100.00 100.00 100.00 95.00
Total copper hydroxide 2,200 2,100 2,100 2,100 2,100 2,095 1,900
needed (g)
Less: Beginning inventory - 100 100 100 100 100 95
Copper hydroxide to be 2,200 2,000 2,000 2,000 2,000 1,995 1,805
purchased (g)
Cost of copper hydroxide 5.10 5.36 5.62 5.90 6.20 6.51 6.83
per gram
Cost of copper hydroxide to 11,220. 10,710. 11,245. 11,807. 12,398. 12,985. 12,336.
be purchased 00 00 50 78 16 53 25
Cost of Ending Inventory 510 536 562 590 620 618 -

*Desired Ending Inventory is 5% of Next Year

Production Needed
 Schedule G.1.3

DIRECT MATERIALS BUDGET - DICHLOROPHEN

1st Year 2nd 3rd 4th 5th 6th 7th
Year Year Year Year Year Year
Required production 47,040 44,800 44,800 44,800 44,800 44,800 42,560
Copper hydroxide required
per unit (g) 0.04 0.04 0.04 0.04 0.04 0.04 0.04
Copper hydroxide needed 2,100 2,000 2,000 2,000 2,000 2,000 1,900
(g)
Add: Desired ending -
inventory * 100.00 100.00 100.00 100.00 100.00 95.00
Total copper hydroxide 2,200 2,100 2,100 2,100 2,100 2,095 1,900
needed (g)
Less: Beginning inventory - 100 100 100 100 100 95
Copper hydroxide to be 2,200 2,000 2,000 2,000 2,000 1,995 1,805
purchased (g)
Cost of copper hydroxide 8.42 8.84 9.28 9.74 10.23 10.74 11.28
per gram
Cost of copper hydroxide to 18,513. 17,671. 18,555. 19,482. 20,456. 21,426. 20,354.
be purchased 00 50 08 83 97 12 81
Cost of Ending Inventory 842 884 928 974 1,023 1,020 -
*Desired Ending Inventory is 5% of Next Year
Production Needed

Schedule G.1.4

DIRECT MATERIALS BUDGET - PACKAGING

1st Year 2nd 3rd 4th 5th 6th 7th
Year Year Year Year Year Year
Required production 47,040 44,800 44,800 44,800 44,800 44,800 42,560
Packaging required per unit
0.07 0.07 0.07 0.07 0.07 0.07 0.07
Packaging needed 3,136 2,987 2,987 2,987 2,987 2,987 2,837
Add: Desired ending -
inventory * 149.33 149.33 149.33 149.33 149.33 141.87
Total Packaging needed 3,285 3,136 3,136 3,136 3,136 3,129 2,837
Less: Beginning inventory - 149 149 149 149 149 142
Packaging to be purchased 3,285 2,987 2,987 2,987 2,987 2,979 2,695
Cost of packaging per piece 10.00 10.50 11.03 11.58 12.16 12.76 13.40
Cost of packaging to be 32,853.3 31,360.0 32,928.0 34,574.4 36,303.1 38,022.9 36,121.8
purchased 3 0 0 0 2 8 3
Cost of Ending Inventory 1,493 1,568 1,646 1,729 1,815 1,811 -

*Desired Ending Inventory is 5% of Next Year Production

Needed
 Cost of Direct Material Per Unit

1st Year 2nd 3rd 4th 5th 6th 7th

Year Year Year Year Year Year
TOTAL PURCHASES - Direct
119,340.83 113,916.25 119,612.06 125,592.67 131,872.30 138,119.75 131,213.76
Materials
Beginning Inventory - 5,425 5,696 5,981 6,280 6,594 6,577

DM Ending Inventry -
5,425 5,696 5,981 6,280 6,594 6,577
DM used 113,916 113,645 119,327 125,294 131,558 138,136 137,791

DM PER UNIT
2.42 2.54 2.66 2.80 2.94 3.08 3.24
 Schedule H

DIRECT LABOR - SALARIES

Position 1st Year 2nd Year 3rd Year 4th Year 5th Year
Farmer 1
96,720.00 101,556.00 106,633.80 111,965.49 117,563.76
Farmer 2
96,720.00 101,556.00 106,633.80 111,965.49 117,563.76
Farmer 3
96,720.00 101,556.00 106,633.80 111,965.49 117,563.76
Helper 1
93,600.00 98,280.00 103,194.00 108,353.70 113,771.39
Helper 2
93,600.00 98,280.00 103,194.00 108,353.70 113,771.39
Helper 3
93,600.00 98,280.00 103,194.00 108,353.70 113,771.39
Total (Direct
Labor) 570,960.00 599,508.00 629,483.40 660,957.57 694,005.45
 Schedule H.1
DIRECT LABOR - SSS CONTRIBUTION
Position 1st Year 2nd Year 3rd Year 4th Year 5th Year
Farmer 1 7,191.60 7,634.40 8,076.00 8,517.60 8,960.40
Farmer 2 7,191.60 7,634.40 8,076.00 8,517.60 8,960.40
Farmer 3 7,191.60 7,634.40 8,076.00 8,517.60 8,960.40
Helper 1 7,191.60 7,191.60 7,634.40 8,076.00 8,517.60
Helper 2 7,191.60 7,191.60 7,634.40 8,076.00 8,517.60
Helper 3 7,191.60 7,191.60 7,634.40 8,076.00 8,517.60
Total (Direct 43,149.60 44,478.00 47,131.20 49,780.80 52,434.00
Labor)

Schedule H.1.1
DIRECT LABOR - PHILHEALTH
Position 1st Year 2nd Year 3rd Year 4th Year 5th Year
Farmer 1 1,329.90 1,396.40 1,466.21 1,539.53 1,616.50
Farmer 2 1,329.90 1,396.40 1,466.21 1,539.53 1,616.50
Farmer 3 1,329.90 1,396.40 1,466.21 1,539.53 1,616.50
Helper 1 1,287.00 1,351.35 1,418.92 1,489.86 1,564.36
Helper 2 1,287.00 1,351.35 1,418.92 1,489.86 1,564.36
Helper 3 1,287.00 1,351.35 1,418.92 1,489.86 1,564.36
Total (Direct 5,276.70 5,540.54 5,817.56 6,108.44 6,413.86
Labor)
 Schedule H.1.2
DIRECT LABOR - PAG-IBIG
Position 1st Year 2nd Year 3rd Year 4th Year 5th Year
Farmer 1 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00
Farmer 2 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00
Farmer 3 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00
Helper 1 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00
Helper 2 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00
Helper 3 1,200.00 1,200.00 1,200.00 1,200.00 1,200.00
Total (Direct 7,200.00 7,200.00 7,200.00 7,200.00 7,200.00
Labor)

Schedule
DIRECT LABOR - 13th MONTH PAY
Position 1st Year 2nd Year 3rd Year 4th Year 5th Year
Farmer 1 8,060.00 8,463.00 8,886.15 9,330.46 9,796.98
Farmer 2 8,060.00 8,463.00 8,886.15 9,330.46 9,796.98
Farmer 3 8,060.00 8,463.00 8,886.15 9,330.46 9,796.98
Helper 1 7,800.00 8,190.00 8,599.50 9,029.48 9,480.95
Helper 2 7,800.00 8,190.00 8,599.50 9,029.48 9,480.95
 Helper 3 7,800.00 8,190.00 8,599.50 9,029.48 9,480.95
Total (Direct 47,580.00 49,959.00 52,456.95 55,079.80 57,833.79
Labor)

Moanufacturing overhead

Cash collections

Cash payment

Uniform expense budget

Sched of office and farm utilities

Dep schedule

Misc exp

Csr

Financial ratios and its explanation