Financial Report - Copy

Financial Report - Copy - Bent Cycling Author Date Purpose...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
Bent Cycling Author Kory Johnson Date 3/24/2008 Purpose To present a financial report of Bent Cycling's projected income, cash flow, and balance sheet for the next five years
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Bent Cycling Projected Five-Year Income Statement 02/27/2012 Bent Cycling Prepared: 11/7/2009 Summary of Five-Year Projections for the Building Project Income Projections Year 1 Year 2 Year 3 Year 4 Year 5 Gross Profit 896,000 1,065,530 1,267,135 1,506,886 1,792,000 Total General Expenses 44,800 51,968 60,283 69,928 81,117 Operating Profit 745,600 917,254 1,119,020 1,356,855 1,637,829 Pre-Tax Earnings 632,765 824,670 1,048,789 1,311,298 1,619,507 Net Income $423,952 $552,529 $702,689 $878,569 $1,085,070 Cash Flows Year 1 Year 2 Year 3 Year 4 Year 5 Total Cash Inflows 851,200 1,013,562 1,206,852 1,436,958 1,710,883 Total Cash Outflows 516,719 580,047 654,007 740,634 842,344 Net Cash Flow $334,481 $433,514 $552,846 $696,324 $868,540 Balance Sheet Year 1 Year 2 Year 3 Year 4 Year 5 Total Current and Noncurrent Assets 2,678,881 3,016,089 3,481,102 4,097,323 4,892,809 Total Liabilities and Equity 2,678,881 3,016,089 3,481,102 4,097,323 4,892,809
Background image of page 2
Bent Cycling Projected Five-Year Income Statement 02/27/2012 Bent Cycling Prepared: 11/7/2009 Projected Five-Year Income Statement Percent Cost of Goods 72% Assumed Tax Rate 33% Year 1 Year 2 Year 3 Year 4 Year 5 Revenues 3,200,000 3,805,463 4,525,483 5,381,737 6,400,000 Cost of Goods Sold
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 02/27/2012 for the course CIT CIT140 taught by Professor Somsen during the Winter '12 term at BYU - ID.

Page1 / 7

Financial Report - Copy - Bent Cycling Author Date Purpose...

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online