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    Financial Statements Analysis

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    DELA CRUZ Jesseca V.
    The document presents the statement of financial position and income statement for New Horizon Medical Supplies, Inc. for the years ending December 31, 2017, 2016, and 2015. It shows that the company's total assets decreased from 2016 to 2017 while its total liabilities also decreased, resulting in increased owners' equity. The income statement indicates that while the company's net sales increased from 2016 to 2017, its operating profit remained steady, with a net income of PHP 44.75 million in 2017.

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    Financial Statements Analysis

    Uploaded by

    DELA CRUZ Jesseca V.
    48 views1 page
    The document presents the statement of financial position and income statement for New Horizon Medical Supplies, Inc. for the years ending December 31, 2017, 2016, and 2015. It shows that the company's total assets decreased from 2016 to 2017 while its total liabilities also decreased, resulting in increased owners' equity. The income statement indicates that while the company's net sales increased from 2016 to 2017, its operating profit remained steady, with a net income of PHP 44.75 million in 2017.

    Original Title

    FINANCIAL-STATEMENTS-ANALYSIS

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    The document presents the statement of financial position and income statement for New Horizon Medical Supplies, Inc. for the years ending December 31, 2017, 2016, and 2015. It shows that the company's total assets decreased from 2016 to 2017 while its total liabilities also decreased, resulting in increased owners' equity. The income statement indicates that while the company's net sales increased from 2016 to 2017, its operating profit remained steady, with a net income of PHP 44.75 million in 2017.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    48 views1 page

    Financial Statements Analysis

    Uploaded by

    DELA CRUZ Jesseca V.
    The document presents the statement of financial position and income statement for New Horizon Medical Supplies, Inc. for the years ending December 31, 2017, 2016, and 2015. It shows that the company's total assets decreased from 2016 to 2017 while its total liabilities also decreased, resulting in increased owners' equity. The income statement indicates that while the company's net sales increased from 2016 to 2017, its operating profit remained steady, with a net income of PHP 44.75 million in 2017.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    NEW HORIZON MEDICAL SUPPLIES, INC.

    Statement of Financial Position as of December 31, 2017, 2016, and 2015


    (in thousand pesos )

    2017 2016 2015


    ASSETS
    Cash ₱3,850.00 ₱4,180.00 ₱3,920.00
    Marketable Securities 6,580.00 5,450.00 5,800.00
    Accounts Receivables 1,500.00 2,350.00 2,010.00
    Allowances for Doubtful Accounts ( 450.00) ( 400.00) ( 350.00)
    Office Supplies 250.00 220.00 200.00
    Merchandise Inventory 21,890.00 23,450.00 22,500.00
    Total Current Assets ₱33,620.00 ₱35,250.00 ₱34,080.00

    Land ₱2,580.00 ₱2,300.00 ₱2,150.00


    Building 1,850.00 2,000.00 2,250.00
    Machineries and Equipment 1,740.00 1,450.00 1,180.00
    Delivery Trucks 1,030.00 1,150.00 1,380.00
    7,200.00 6,900.00 6,960.00
    less: Accumulated Depreciation 580.00 530.00 510.00
    Net Fixed Assets ₱6,620.00 ₱6,370.00 ₱6,450.00

    TOTAL ASSETS ₱40,240.00 ₱41,620.00 ₱40,530.00

    LIABILITIES AND OWNERS' EQUITY


    Accounts Payables ₱3,150.00 4,350.00 4,150.00
    Notes Payables 1,720.00 2,260.00 2,100.00
    Accrued Liabilities 850.00 1,050.00 980.00
    Total Current Liabilities ₱5,720.00 7,660.00 7,230.00

    Long-term Debt 5,000.00 6,500.00 5,800.00


    TOTAL LIABILITIES ₱10,720.00 ₱14,160.00 ₱13,030.00

    Owners' Equity 29,520.00 27,460.00 27,500.00

    TOTAL LIABILITIES & OWNERS' EQUITY ₱40,240.00 ₱41,620.00 ₱40,530.00

    NEW HORIZON MEDICAL SUPPLIES, INC.


    Income Statement
    Statement of Financial Position as of December 31, 2017, 2016, and 2015

    2017 2016 2015

    Net Sales ₱250,500.00 ₱243,500.00 ₱240,500.00


    less: Cost of Goods Sold 155,000.00 152,500.00 150,500.00
    Gross Profit 95,500.00 91,000.00 90,000.00

    Selling and Administrative Expenses 33,300.00 32,950.00 32,500.00


    Advertising Expenses 9,850.00 8,700.00 7,350.00
    Depreciation and Amortization 1,270.00 1,020.00 850.00
    Repairs and Maintenance 3,180.00 2,470.00 1,280.00
    Total 47,600.00 45,140.00 41,980.00
    Operating Profit 47,900.00 45,860.00 48,020.00

    Other Expenses
    Interest Expenses 1,050.00 980.00 890.00
    Taxes 2,100.00 2,700.00 2,150.00
    NET INCOME ₱44,750.00 ₱42,180.00 ₱44,980.00

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