ABC COMPANY

Income Statement For The Year Ended December 21,20X2

$ thousand
(except EPS) Percent of
20X2 Sales 20X2
Current Tax 2,575.0 100.00%
Less: cost of goods sold (COGS) 1,150.0 44.66%
Gross Profit $1,425.0 55.34%
Less: Operating Expenses
Selling Expenses 275.0 10.68%
Generl And Administrative Expenses (G&A) 225.0 8.74%
Deperication Expenses 100.0 3.88%
Fixed Expenses 75.0 2.91%
Total Operating Expenses $675.0 26.21%
Net Operating Income $750.0 29.13%
Other Income 20.0 0.78%
Earning Before Interest And Taxex $770.0 29.90%
Less: Interest Expense
Interest on Short-Term NOtes 10.0 0.39%
Interest on Lng-Term Borrowing 50.0 1.94%
Total Interest Expense $60.0 2.33%
Pretax Earnings (Earning Before Taxes,EBT) $710.0 27.57%
Less: Taxes
Current Tax 160.0 6.21%
Deferred Tax 124.0 4.82%
Total Tax (Rate = 40%) 284.0 11.03%
Net Income (Earning After Taxes, EAT) $426.0 16.54%
Less: Preferred Stock Dividends 95.0 3.69%
Net Earnings Available for Common Stockholders $331.0 12.85%
Earning per Shares (EPS), 100,000 shares outstanding $3.31
Retained Earning 220.0 8.54%
Dividends Paid To Holders Of Common Stock 111.0 4.31%
r 21,20X2
$ thousand
(except EPS) Percent of
20X1 Sales 20X1
2,050.0 100.00%
985.0 48.05%
$1,065.0 51.95%
0.00%
250.0 12.20%
205.0 10.00%
95.0 4.63%
75.0 3.66%
$625.0 30.49%
$440.0 21.46%
15.0 0.73%
$455.0 22.20%
0.00%
10.0 0.49%
55.0 2.68%
$65.0 3.17%
$390.0 19.02%
0.00%
156.0 7.61%
.0 0.00%
156.0 7.61%
$234.0 11.41%
95.0 4.63%
$139.0 6.78%
$1.39
50.0 2.44%
89.0 4.34%
 ABC COMPANY
Income Statement For The Year Ended December 21,20X2

$ thousand $ thousand
(except EPS) (except EPS) Change $
20X2 20X1 thousand
Current Tax 2,575.0 2,050.0 525.0
Less: cost of goods sold (COGS) 1,150.0 985.0 165.0
Gross Profit $1,425.0 $1,065.0 360.0
Less: Operating Expenses
Selling Expenses 275.0 250.0 25.0
Generl And Administrative Expenses (G&A) 225.0 205.0 20.0
Deperication Expenses 100.0 95.0 5.0
Fixed Expenses 75.0 75.0 .0
Total Operating Expenses $675.0 $625.0 50.0
Net Operating Income $750.0 $440.0 310.0
Other Income 20.0 15.0 5.0
Earning Before Interest And Taxex $770.0 $455.0 315.0
Less: Interest Expense .0
Interest on Short-Term NOtes 10.0 10.0 .0
Interest on Lng-Term Borrowing 50.0 55.0 (5.0)
Total Interest Expense $60.0 $65.0 (5.0)
Pretax Earnings (Earning Before Taxes,EBT) $710.0 $390.0 320.0
Less: Taxes
Current Tax 160.0 156.0 4.0
Deferred Tax 124.0 .0 124.0
Total Tax (Rate = 40%) 284.0 156.0 128.0
Net Income (Earning After Taxes, EAT) $426.0 $234.0 192.0
Less: Preferred Stock Dividends 95.0 95.0 .0
Net Earnings Available for Common Stockho $331.0 $139.0 192.0
Earning per Shares (EPS), 100,000 shares outs $3.31 $1.39 .0
Retained Earning 220.0 50.0 170.0
Dividends Paid To Holders Of Common Stock 111.0 89.0 22.0
X2

Change
percent
25.61%
16.75%
33.80%

10.00%
9.76%
5.26%
0.00%
8.00%
70.45%
33.33%
69.23%

0.00%
-9.09%
-7.69%
82.05%

2.56%

82.05%
82.05%
0.00%
138.13%
138.13%
340.00%
24.72%
 ABC COMPANY

Balnce Sheet As Of December 31,20X2 And December 31,20X1

$ thousand
(except EPS)
20X2
Assets
Current Assets
Cash And Equivalents 1,565.0 21.84%
Accounts Receivable 565.0 7.89%
Inventories 895.0 12.49%
Others 215.0 3.00%
Total Curent Assets 3,240.0 45.22%
Fixed Assets (at costs )
Land And Buildings 2,400.0 33.50%
Machinery And Equipment 1,880.0 26.24%
Furniture And Fitures 435.0 6.07%
Vechiles 140.0 1.95%
Less: Accumulated Deprection 1,005.0 14.03%
Net Fixed Assets 3,850.0 53.73%
Other (included certain leases ) 75.0 1.05%
Total Fixed Assets 3,925.0 54.78%
Total Assets 7,165.0 100.00%
Liabilities
Curret Liabilities
Accounts Payable 300.0 4.19%
Short -Term Notes Payable 1,275.0 17.79%
Accurals And Other Current Liabilties 145.0 2.02%
Total Current Liabilites 1,720.0 24.01%
Long Term Debt 1,900.0 26.52%
Total Liabilities 3,620.0 50.52%
Stockholder's Equity
Preferred Stock 200.0 2.79%
Common Stock ($10,000 par, 100,000 shares outstanding) 1,000.0 13.96%
Paid-in capital in excss of par on comon stock 1,985.0 27.70%
Retained Earnings 360.0 5.02%
Total Stockholder's Equity 3,545.0 49.48%
Total Liabilities and Owner's Equity 7,165.0 100.00%
 $ thousand
(except EPS)
20X1

990.0 14.92%
605.0 9.12%
1,215.0 18.31%
180.0 2.71%
2,990.0 45.06%

2,400.0 36.17%
1,575.0 23.74%
390.0 5.88%
115.0 1.73%
905.0 13.64%
3,575.0 53.88%
70.0 1.06%
3,645.0 54.94%
6,635.0 100.00%

295.0 4.45%
965.0 14.54%
295.0 4.45%
1,555.0 23.44%
1,755.0 26.45%
3,310.0 49.89%

200.0 3.01%
1,000.0 15.07%
1,985.0 29.92%
140.0 2.11%
3,325.0 50.11%
6,635.0 100.00%
 ABC COMPANY

Change in Balnce Sheet As Of December 31,20X1 And December 31,20X2

$ thousand $ thousand
(except EPS) (except EPS) Change $
20X2 20X1 thousand
Assets
Current Assets
Cash And Equivalents 1,565.0 990.0 575.0
Accounts Receivable 565.0 605.0 (40.0)
Inventories 895.0 1,215.0 (320.0)
Others 215.0 180.0 35.0
Total Curent Assets 3,240.0 2,990.0 250.0
Fixed Assets (at costs )
Land And Buildings 2,400.0 2,400.0 .0
Machinery And Equipment 1,880.0 1,575.0 305.0
Furniture And Fitures 435.0 390.0 45.0
Vechiles 140.0 115.0 25.0
Less: Accumulated Deprection 1,005.0 905.0 100.0
Net Fixed Assets 3,850.0 3,575.0 275.0
Other (included certain leases ) 75.0 70.0 5.0
Total Fixed Assets 3,925.0 3,645.0 280.0
Total Assets 7,165.0 6,635.0 530.0
Liabilities
Curret Liabilities
Accounts Payable 300.0 295.0 5.0
Short -Term Notes Payable 1,275.0 965.0 310.0
Accurals And Other Current Liabilties 145.0 295.0 (150.0)
Total Current Liabilites 1,720.0 1,555.0 165.0
Long Term Debt 1,900.0 1,755.0 145.0
Total Liabilities 3,620.0 3,310.0 310.0
Stockholder's Equity
Preferred Stock 200.0 200.0 .0
Common Stock ($10,000 par, 100,000 shares outstanding) 1,000.0 1,000.0 .0
Paid-in capital in excss of par on comon stock 1,985.0 1,985.0 .0
Retained Earnings 360.0 140.0 220.0
Total Stockholder's Equity 3,545.0 3,325.0 220.0
Total Liabilities and Owner's Equity 7,165.0 6,635.0 530.0
ber 31,20X2

Change percent

58.1%
-6.6%
-26.3%
19.4%
8.4%

0%
19.4%
11.5%
21.7%
11.0%
7.7%
7.1%
7.7%
8.0%

1.7%
32.1%
-50.8%
10.6%
8.3%
9.4%

0.0%
0.0%
0.0%
157.1%
6.6%
8.0%