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Tomasino's Kakanin Republic Comprehensive Income Statement Comparative Analysis

The document contains financial statements for Tomasino's Kakanin Republic from 2019 to 2023. It includes income statements showing increasing net sales and net income each year. The balance sheet shows increasing total assets and partner's equity over time as well. The cash flow statement shows positive cash flows from operations each year. The statement of partner's equity indicates retained earnings are contributing to growing partner equity balances. Financial ratios calculated show improving current and liquidity ratios over the years.

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Adam Cuenca
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58 views8 pages

Tomasino's Kakanin Republic Comprehensive Income Statement Comparative Analysis

The document contains financial statements for Tomasino's Kakanin Republic from 2019 to 2023. It includes income statements showing increasing net sales and net income each year. The balance sheet shows increasing total assets and partner's equity over time as well. The cash flow statement shows positive cash flows from operations each year. The statement of partner's equity indicates retained earnings are contributing to growing partner equity balances. Financial ratios calculated show improving current and liquidity ratios over the years.

Uploaded by

Adam Cuenca
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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  2019 2020 2021 2022 2023

Net Sales 20,989,325.00 21,100,568.42 21,212,401.43 21,324,827.16 21,437,848.74


(19,056,021.18
Cost of Goods Sold (18,756,214.00) (18,855,621.93) (18,955,556.73) ) (19,157,018.09)
Gross Profit 2,233,111 2,244,946.49 2,256,844.70 2,268,805.98 2,280,830.65
Operating expenses:
Permits and Licenses Expense (20,000.00) (20,106.00) (20,212.56) (20,319.69) (20,427.38)
Rent Expense (5,000.00) (5,026.50) (5,053.14) (5,079.92) (5,106.84)
Promotional Expense (9,900.00) (9,952.47) (10,005.22) (10,058.25) (10,111.56)
SSS, PhilHealth, Pag-ibig (114,603.60) (115,210.99) (115,821.61) (116,435.46) (117,052.57)
13th Month Pay (93,640) (94,136.29) (94,635.21) (95,136.78) (95,641)
Salaries and Wages Expense (1,126,000) (1,131,967.80) (1,137,967.23) (1,143,998.46) (1,150,061.65)
Supplies Expense (7,860) (7,901.66) (7,943.54) (7,985.64) (8,027.96)
Depreciation Expense (6,045.00) (6,045.00) (6,045.00) (6,045.00) (6,045.00)
Total Operating Expenses (1,383,048.60) (1,390,346.71) (1,397,683.51) (1,405,059.20) (1,412,473.96)
Net Income before Tax 850,062.40 854,599.78 859,161.19 863,746.78 868,356.69
Income Tax Expense (32%) (272,019.97) (273,471.93) (274,931.58) (276,398.97) (277,874.14)
Net Income 578,042.43 581,127.85 584,229.61 587,347.81 590,482.55
Tomasino’s Kakanin Republic
Comprehensive Income Statement
Comparative Analysis
Tomasino’s Kakanin Republic
Statement of Financial Position
  2019 2020 2021 2022 2023
 Assets
 Current Assets:
  Cash 1,875,882.40 2,464,507.21 3,056,241.47 3,651,101.67 4,218,879.39
 Total Current Assets 1,875,882.40 2,464,507.21 3,056,241.47 3,651,101.67 4,218,879.39
 Noncurrent assets:
  Machineries and Equipment, net 14,920.00 11,190.00 7,460.00 3,730.00 18,650.00
  Furniture and Fixtures, net 5,840.00 4,380.00 2,920.00 1,460.00 7,300.00
  Utensils, net 3,420.00 2,565.00 1,710.00 855.00 4,275.00
Total Noncurrent assets  24,180.00 18,135.00 12,090.00 6,045.00 30,225.00
TOTAL ASSETS 1,900,062.40 2,482,642.21 3,068,331.47 3,657,146.67 4,249,104.39
           
 Liabilities and Partner’s Equity
  Income Tax Payable 272,019.97 273,471.93 274,931.58 276,398.97 277,874.14
 Total Liabilities 272,019.97 273,471.93 274,931.58 276,398.97 277,874.14
 Partner’s Equity:
  Tagailo, Capital 232,577.49 315,595.75 399,057.13 482,963.96 567,318.61
  Canton, Capital 232,577.49 315,595.75 399,057.13 482,963.96 567,318.61
  Locsin, Capital 232,577.49 315,595.75 399,057.13 482,963.96 567,318.61
  Bentualan, Capital 232,577.49 315,595.75 399,057.13 482,963.96 567,318.61
  Origenes, Capital 232,577.49 315,595.75 399,057.13 482,963.96 567,318.61
  Balgoma, Capital 232,577.49 315,595.75 399,057.13 482,963.96 567,318.61
  Gomez, Capital 232,577.49 315,595.75 399,057.13 482,963.96 567,318.61
Total Partner’s Equity 1,628,042.43 2,209,170.28 2,793,399.89 3,380,747.70 3,971,230.25
TOTAL LIABILITIES & PARTNER’S
EQUITY 1,900,062.40 2,482,642.21 3,068,331.47 3,657,146.67 4,249,104.39
Comparative Analysis
Tomasino’s Kakanin Republic
Statement of Cash Flow – Direct Method
Comparative Analysis

  2019 2020 2021 2022 2023


 Cash Flow for Operating Activities
  Cash Sales 20,989,325.00 21,100,568.42 21,212,401.43 21,324,827.16 21,437,848.74
(18,756,214.00 (18,855,621.93 (18,955,556.73 (19,056,021.18 (19,157,018.09
  Payment of Purchases ) ) ) ) )
  Payment of Supplies (7,860) (7,901.66) (7,943.54) (7,985.64) (8,027.96)
  Payment of Permits and Licenses (20,000) (20,106) (20,212.56) (20,319.69) (20,427.38)
  Payment of SSS, PhilHealth and Pag-ibig (114,603.60) (115,210.99) (115,821.61) (116,435.46) (117,052.57)
  Payment of Rent (5,000) (5,026.50) (5,053.14) (5,079.92) (5,106.84)
  Payment of Promotion (9,900) (9,952.47) (10,005.22) (10,058.25) (10,111.56)
  Payment of 13th Month Pay (93,640) (94,136.29) (94,635.21) (95,136.78) (95,641)
  Payment of Salaries and Wages (1,126,000) (1,131,967.80) (1,137,967.23) (1,143,998.46) (1,150,061.65)
  Payment of Income Tax ------- (272,019.97) (273,471.93) (274,931.58) (276,398.97)
 Net Cash provided by Operating Activities 856,107.40 588,624.81 591,734.26 594,860.20 598,002.72
 Cash Flow for Investing Activities
  Purchase of Machineries and Equipment (18,650.00) ------- ------- ------- -------
  Purchase of Furniture and Fixtures (7,300.00) ------- ------- ------- -------
  Purchase of Utensils (4,275.00) ------- ------- ------- -------
 Net Cash Flow provided by Investing Activities (30,225.00) ------- ------- ------- -------
Cash Flow for Financing Activities
  Partner’s Capital 1,050,000.00 ------- ------- ------- -------
 Net Cash Flow provided by Financing Activities 1,050,000.00 ------- ------- ------- -------
 Net Cash Flow 1,875,882.40 588,624.81 591,734.26 594,860.20 567,797.72
 Beginning Balance of Cash ------- 1,875,882.40 2,464,507.21 3,056,241.47 3,651,101.67
 Ending Balance of Cash 1,875,882.40 2,464,507.21 3,056,241.47 3,651,101.67 4,218,879.39

Tomasino’s Kakanin Republic


Statement of Changes in Partner’s Equity
Comparative Analysis

  2019 2020 2021 2022 2023


 Balance, Beginning ----- 1,628,042.43 2,209,170.28 2,793,399.89 3,380,747.70
 Investment 1,050,000.00 ----- ----- ----- -----
 Net Income from operation 578,042.43 581,127.85 584,229.61 587,347.81 590,482.55
 Total 1,628,042.43 2,209,170.28 2,793,399.89 3,380,747.70 3,971,230.25
 Withdrawal of Partners ----- ----- ----- ----- -----
 Balance, Ending 1,628,042.43 2,209,170.28 2,793,399.89 3,380,747.70 3,971,230.25
Part I. Financial Ratio

Liquidity Ratios

Current Ratio

  2019 2020 2021 2022 2023


 Current Assets 1,875,882.40 2,464,507.21 3,056,241.47 3,651,101.67 4,218,879.39
 Divided by Current Liabilities 272,019.97 273,471.93 274,931.58 276,398.97 277,874.14
 Current Ratios 6.89 9.01 11.11 13.21 15.18

Working Capital

  2019 2020 2021 2022 2023


 Current Assets 1,875,882.40 2,464,507.21 3,056,241.47 3,651,101.67 4,218,879.39
 Less Current Liabilities 272,019.97 273,471.93 274,931.58 276,398.97 277,874.14
Working Capital 1,603,862.43 2,191,035.28 2,781,309.89 3,374,702.70 3,941,005.25

Quick Ratio

  2019 2020 2021 2022 2023


 Current Assets 1,875,882.40 2,464,507.21 3,056,241.47 3,651,101.67 4,218,879.39
 Divided by Current Liabilities 272,019.97 273,471.93 274,931.58 276,398.97 277,874.14
 Quick Ratios 6.89 9.01 11.11 13.21 15.18
Solvency Ratio

Debt to Assets Ratio

  2019 2020 2021 2022 2023


 Total Liabilities 272,019.97 273,471.93 274,931.58 276,398.97 277,874.14
 Divided by Average Assets  1,900,062.40  2,191,352.31 2,775,486.84  3,362,739.07  3,953,125.53 
 Debt to Total Assets Ratios 0.14 0.14 0.14 0.14 0.14

Debt to Equity Ratio

  2019 2020 2021 2022 2023


 Total Liabilities 272,019.97 273,471.93 274,931.58 276,398.97 277,874.14
 Divided by Average Partner’s
Equity 1,628,042.43 1,918,606.36 2,501,285.09 3,087,073.80 3,675,988.98
 Debt to Equity Ratio 0.14 0.14 0.14 0.14 0.14

Profitability Ratio

Gross Profit

  2019 2020 2021 2022 2023


 Gross Profit 2,233,111 2,244,946.49 2,256,844.70 2,268,805.98 2,280,830.65
 Divided by Net Sales 20,989,325.00 21,100,568.42 21,212,401.43 21,324,827.16 21,437,848.74
 Gross Profit 0.11 0.11 0.11 0.11 0.11

Profit Margin
  2019 2020 2021 2022 2023
 Net Income 578,042.43 581,127.85 584,229.61 587,347.81 590,482.55
21,212,401.4 21,437,848.7
 Divided by Net Sales 20,989,325.00 21,100,568.42 3 21,324,827.16 4
 Profit Margin 27.5 27.5 27.5 27.5 27.5

Operating Expense to Sales

  2019 2020 2021 2022 2023


 Operating Expenses 1,383,048.60 1,390,346.71 1,397,683.51 1,405,059.20 1,412,473.96
 Divided by Net Sales 20,989,325.00 21,100,568.42 21,212,401.43 21,324,827.16 21,437,848.74
 Operating Expense to Sales 0.07 0.07 0.07 0.07 0.07

Return on Total Assets

  2019 2020 2021 2022 2023


 Net Income 578,042.43 581,127.85 584,229.61 587,347.81 590,482.55
 Divided by Average Total
Assets  1,900,062.40  2,191,352.31 2,775,486.84  3,362,739.07  3,953,125.53 
 Return on Total Assets 0.30 0.30 0.30 0.30 0.30
Return on Equity

  2019 2020 2021 2022 2023


 Net Income 578,042.43 581,127.85 584,229.61 587,347.81 590,482.55
 Divided by Average Partner’s
Equity 1,628,042.43 1,918,606.36 2,501,285.09 3,087,073.80 3,675,988.98
 Return on Equity 0.35 0.35 0.35 0.35 0.35

Asset Turnover

  2019 2020 2021 2022 2023


 Net Sales 20,989,325.00 21,100,568.42 21,212,401.43 21,324,827.16 21,437,848.74
 Divided by Average
Total Assets  1,900,062.40  2,191,352.31 2,775,486.84  3,362,739.07  3,953,125.53 
 Asset Turnover 11.04 11.04 7.64 7.64 5.42

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