Can You Get More From the Investment You Have in Your Business?
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The amount of investment a person has made in a business should make money - just like any other investment. In this presentation, Tom Shay shows how to calculate that investment, using one of the free calculators on the Profits Plus website, and more importantly, how to make the investment pay better. www.profitsplus.org
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Can You Get More From the Investment You Have in Your Business?
- 1. www.profitsplus.org Presented by Tom Shay of Profits Plus Solutions 727-464-2182 tomshay@profitsplus.org
- 6. Month YTD Month last year YTD last year Budget Variance Sales 100% 100% 100% 100% COGS Gross profit % % % % Operating expenses Advertising expense Advertising E-Newsletter Website Advertising subtotal Occupancy expense Building repairs Maintenance Rent Utilities and telephone Occupancy subtotal Payroll expense Benefits Owner draw Payroll taxes Wages and salaries Workman's Comp and Health Insurance Payroll subtotal Accounting Balancing account Bank and merchant service fees Depreciation Dues and subscriptions Freight Business Insurance Legal Loss Meals and entertainment Miscellaneous Office expense Office supplies Merchandising Printing Postage and shipping Returned checks Software support Business & Personal Property Taxes Travel Total operating expenses % % % % Net income % % % %
- 7. 12/31 ASSETS Current Assets: Cash on hand $1,500.00 Checking Account $17,500.00 Savings Account $3,050.00 Accounts Receivable $14,215.87 Bank Card Receivable $1,340.34 Inventory $275,654.23 Total Current Assets: $313,260.44 Investments: Cooperative Stock $23,125.46 Cooperative Notes $12,597.47 Total Investments: $35,722.93 Long Term Assets: Property and Equipment: Fixtures and Equipment $126,245.11 Building $325,465.88 Total Property and Equipment: $451,710.99 Accumulated Depreciation: $207,950.25 Total Net Property and Equipment: $117,515.63 Other Assets: Utility Deposits $1,700.00 Total Other Assets: $1,700.00 Total Assets: $468,199.00 LIABILITIES AND EQUITY Current Liabilities: Accounts Payable $47,850.00 Building mortage - current $24,000.00 Note payable - current $45,000.00 Long Term Liabilites: Building mortgage $62,000.00 Note payable $84,000.00 Total Liabilities: $262,850.00 Stockholders' Equity Capital Stock $65,000.00 Retained Earnings $114,664.00 Current Income $25,685.00 Total Stockholders' Equity $205,349.00 Total Liabilities and Equity $468,199.00www.profitsplus.org
- 11. Total sales: $875,000 Percentage of credit sales: 12% Cost of goods sold: $460,000 Operating expenses: $340,000 Tax rate: 20% Average inventory on hand: $250,000 www.profitsplus.org
- 12. Average accounts receivable: $19,500 Other current term assets: $7,000 Long term assets: $175,000 Current liabilities: $23,000 Long term liabilities: $125,000 www.profitsplus.org
- 13. Gross margin %: 47.43% Operating expense %: 38.86% Net profit %: 6.86% Inventory turnover: 1.84 www.profitsplus.org
- 14. A/R collection days: 42.23 Return on assets: 13.29% Financial leverage: 1.49 Return on investment: 19.77% Are you pleased with these? www.profitsplus.org
- 21. www.profitsplus.org There is no business like show business. But there are a lot of businesses like accounting. David Letterman
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