Revenue (PY) 7,200,000 Partciulars Amounts

Revenue growth 25% Revenues 9,000,000

GP margin 20% VC (7,200,000)
VC margin (1 - GP margin) 80% GP 1,800,000
Depreciation 20% OpEx (375,000)
Tax Rate 30% EBITDA 1,425,000
OpEx (PY) 300,000 Depreciation (1,000,000)
OpEx growth 25% EBIT 425,000
Debt Interest rate 12% Interest on Debt (300,000)
Notes interest rate 10% Interest on Notes (100,000)
Dividend payout ratio 50% EBT 25,000
Tax @30% (7,500)
EAT 17,500
Dividend @50% (8,750)
Retained Earnings 8,750
PY BS Investment in FA 1,000,000
Cash 100,000 AP 372,000 (year end)
AR 1,000,000 10% Notes 1,000,000 Loan Repayment (1/5th) 500,000
Inventory 558,000 12% Debt 2,500,000 WC Days
Fixed Assets (net) 5,000,000 Equity 2,786,000 AR 30
6,658,000 6,658,000 Inventory 20
AP 60
CY BS
Cash 100,000 AP 1,200,000
AR 750,000 10% Notes 255,250
Inventory 400,000 12% Debt 2,000,000
Fixed Assets (net) 5,000,000 Equity 2,786,000
RE 8,750
6,250,000 6,250,000
Opening 100,000
Retained Earnings + Depreciation 1,008,750
FA purchase (1,000,000)
Loan Repayment (500,000)
Change in AR (PY - CY) 250,000
Change in Inventory (PY - CY) 158,000
Change in AP (CY - PY) 828,000
Ending (before adjustment) 844,750
Repayment of Notes Payable (744,750)
Ending 100,000