FEASIBILITY STUDY FINANCIAL STATEMENTS

A. Statement of Comprehensive Income

GOFEELATE CON YELO

STATEMENT OF COMPREHENSIVE INCOME

FOR THE PERIOD ENDED FEBRUARY 28, 2018

Net Sales ₱12,150.00

Less: Cost of Goods Sold (Note 1) 6,195.00

Gross Profit ₱5,955.00

Less: Expenses

Supplies Expense (Note 4) ₱ 668.50

Rent Expense (Note 5) 1,799.00

Utilities Expense 200.00

Advertising Expense 287.50 2,955.00

Net Income ₱3,000.00

B. Statement of Changes in Partners’ Equity

GOFEELATE CON YELO

STATEMENT OF CHANGES IN PARTNER’S EQUITY

FOR THE PERIOD ENDED FEBRUARY 28, 2018

Capital, Beginning Share in Profit Capital, Ending

ACONGA ₱400 ₱300 ₱700

₱400 ₱300 ₱700

AZCARATE

₱400 ₱300 ₱700

BARIN

₱400 ₱300 ₱700

CERVANCIA

₱400 ₱300 ₱700

CONCEPCION

DUENAS ₱400 ₱300 ₱700

₱400 ₱300 ₱700

LATOZA

₱400 ₱300 ₱700

MEDINA

₱400 ₱300 ₱700

OLIVAR

₱400 ₱300 ₱700

SANTOS

₱4,000 ₱3,000 ₱7,000

TOTAL

,
C. Statement of Cash Flows

GOFEELATE CON YELO

STATEMENT OF CASH FLOWS

FOR THE PERIOD ENDED FEBRUARY 28, 2018

Cash Provided by Operating Activities

Cash Inflow

Cash received from customer’s ₱ 12,150.00

Cash Outflow

Cash paid for expenses (9,150.00)

Net Cash Flow Provided by Operating Activities ₱ 3,000.00

Cash Provided by Financing Activities

Cash Inflow

Cash received from partner`s ₱ 4,000.00

Net Cash Flow Provided by Financing Activities ₱ 4,000.00

Net Cash Inflow ₱ 7,000.00

D. Statement of Financial Position

 Balance Sheet

GOFEELATE CON YELO

STATEMENT OF FINANCIAL POSITION

FEBRUARY 28, 2018

ASSETS

Cash ₱ 7,000.00

Total Assets ₱ 7,000.00

PARTNER`S EQUITY

Aconga, Capital ₱ 700.00

Azcarate, Capital 700.00

Barin, Capital 700.00

Cervancia, Capital 700.00

Concepcion, Capital 700.00

Duenas, Capital 700.00

Latoza, Capital 700.00

Medina, Capital 700.00

Olivar, Capital 700.00

Santos, Capital 700.00 ₱ 7,000.00

Total Partner`s Equity ₱ 7,000.00

E. Notes and Schedules

Note 1: Cost of Goods Sold

Direct Material Costs ₱ 5,095.00

Kitchen Utensils 1,100.00

Total ₱ 6,195.00

Note 2: Supplies

Tissue Paper ₱ 72.00

Plastic Bag 50.00

8 x 11 Plastic 10.00

Total ₱ 132.00

Note 3: Office Supplies

Bond Paper (Short) ₱ 300.00

Folder (Short) 80.00

Sticker Paper 100.50

Total ₱ 480.50

Note 4: Supplies Expense

Supplies ₱ 132.00

Office Supplies 480.50

Cleaning, Maintenance 56.00

Total ₱ 668.50
 Note 5: Rent Expense

Monoblock Chair ₱ 600.00

Folding Table 600.00

Cooler 599.00

Total ₱ 1,799.00

Schedule 1: Project Cost

Current Asset

Cash ₱ 2,500.00
Supplies Expense 668.50

Total Current Asset ₱ 3,168.50

Pre Operating Costs 831.50

Total Project Cost ₱ 4,000.00

IV. Financial Statement Ratios

Profitability Measures February

Gross Profit Margin Gross Profit 5,955.00

Net Sales 12,150.00

0.49

Net Profit Margin Net Income 3,000.00

Net Sales 12,150.00

0.25

Return on Equity Net Income 3,000.00

Partner’s Equity 7,000.00

0.43

Cost Ratio COGS + Operating Expense 6,195.00 + 4,000.00

Net Sales 12,150.00

0.83
V. Financial Statement Analysis

 Gross Profit Margin

This is used to evaluate a business’ financial health after the business has

paid for the products rendered; it measures the percentage of each excess

peso sales. The partnership’s gross profit margin for one month grew to 49%

which asserts that the business is financially stable and growing and is potent

in controlling the costs.

 Net Profit Margin

It is the percentage of revenue left after all expenses have been deducted

from sales; it measures the amount of profit that a business can accumulate

from its total revenue. The business has 25% as the net profit in a month that

indicates that it is pricing its goods and services properly and has an effective

cost control.

 Return on Equity

It is the rate of return on investment by the business’ partners; it measures

how a business’ yields profit or financial gain by knowing how much profit it

bring about with the money partners have invested. A business’ return on

equity of 43% is considered an excellent apportionment for its effectively

controlling the business’ partner’s investment.

 Cost Ratios

Shows the portion allotted in the overall operating expenses of the

business to its sales. It compares costs that change with levels of

production to the amount of revenues generated by production. This ratio

is useful at the product level, in order to understand the amount of margin

remaining after variable costs have been deducted from the sales. This

shows that 83% is fair since it does not encompass the whole revenue

generated by the business. Moreover, the business has done an excellent

job in efficiently controlling its expenses throughout the operating days.