Business Financial Report for RetailCo
Overview
RetailCo has shown consistent growth over the past fiscal year, with improvements in key performance indicators that highlight its financial health and future prospects.
Balance Sheet
As of December 31, 2023
- Assets:
- Current Assets: $500,000
- Non-current Assets: $700,000
- Total Assets: $1,200,000
- Liabilities:
- Current Liabilities: $300,000
- Long-term Liabilities: $200,000
- Total Liabilities: $500,000
- Equity:
- Shareholder Equity: $700,000
- Total Liabilities and Equity: $1,200,000
Income Statement
For the Year Ended December 31, 2023
- Revenue: $1,000,000
- Cost of Goods Sold: $600,000
- Gross Profit: $400,000
- Operating Expenses: $250,000
- Net Income: $150,000
Cash Flow Statement
For the Year Ended December 31, 2023
- Operating Cash Flow: $180,000
- Investing Cash Flow: -$100,000
- Financing Cash Flow: $50,000
- Net Increase in Cash: $130,000
Key Financial Ratios
- Current Ratio: 1.67 (Current Assets / Current Liabilities)
- Debt to Equity Ratio: 0.71 (Total Liabilities / Shareholder Equity)
- Gross Margin: 40% (Gross Profit / Revenue)
- Net Profit Margin: 15% (Net Income / Revenue)
Financial Health and Future Prospects
RetailCo maintains a solid financial footing with strong liquidity and profitability ratios. The current ratio indicates adequate short-term financial health, while the debt to equity ratio shows conservative leverage. With strategic plans for expansion and enhanced online presence, the company is poised for sustainable future growth.