| Wicked Good Cupcakes |
| Income Statement |
| in $ 100 |
| | Full Year | | Full Year |
| | Ended 12/31/2015 | | Ended 12/31/2016 |
| Units Sold | 87918 | | 114641 | | | | | | 31-Dec-15 | 31-Dec-16 |
| Sales | $12,650 | | $15,813 | | | | | Profitability Ratios (in %) |
| | | | | | | | | Return on equity |
| | | | | | | | | Return on assets |
| Cost of Goods Sold | | | | | | | | Return on invested capital |
| | | | | | | | | Profit margin |
| Labor | $2,210 | | $2,763 | | | | | Gross margin |
| Materials | $2,045 | | $2,556 | | | | | Turnover-Control Ratios |
| | | | | | | | | Asset turnover |
| Overhead | $5,685 | | $7,106 | | | | | Fixed-asset turnover |
| | | | | | | | | Inventory turnover |
| Delivery | $305 | | $381 | | | | | Collection period (days) |
| | | | | | | | | Days' sales in cash |
| Total CoGS | $10,245 | | $12,806 | | | | | Payables period |
| Gross Margin | $2,405 | | $3,006 | | | | | Leverage and Liquidity Ratios |
| | | | | | | | | Assets to equity |
| | | | | | | | | Debt to assets |
| Expense | | | | | | | | Debt to equity |
| Selling Expense | $875 | | $1,094 | | | | | Times interest earned |
| | | | | | | | | Current ratio |
| General & Admin | $585 | | $731 | | | | | Acid test |
| Total Expenses | $1,460 | | $1,825 |
| Operating profit (EIBT) | $945 | | $1,181 |
| Interest | $190 | | $238 |
| Profit before Taxes | $755 | | $944 |
| Income Taxes | $272 | | $340 |
| Net Income | $483 | | $604 |
| Dividends | $100 | | $125 |
| Retained Earnings | $383 | | $479 |
| Depreciation | $575 | | $719 |
| Net cash after divends | $958 | | $1,198 |
| Add back tax-adjusted interest | $122 | | $153 |
| Add back divends | $100 | | $125 |
| Cash flow from operations | $1,180 | | $1,475 |