JUPITER Corporation, a leading entity in the technology sector, experienced volatile performance during the fiscal years 20X4 and 20X5. These years were marked by external competitive pressures and strategic internal shifts that affected the company's financial stability. A comprehensive financial review is essential to understand how JUPITER navigated these challenges and to evaluate its outlook for sustainable growth.
Income Statement for 20X4 and 20X5
Income Statement 20X4 20X5
Revenue $5,400,000 $5,660,000
Cost of Goods Sold (COGS) $3,900,000 $4,232,000
Gross Profit $1,500,000 $1,428,000
Operating Expenses $1,050,000 $1,215,000
- R&D Expenses $200,000 $330,000
- Other Operating Expenses (Including Depreciation Exp) $850,000 $885,000
Operating Income $450,000 $213,000
Interest Expense $60,000 $65,000
Depreciation Expense $350,000 $400,000
Earnings Before Tax (EBT) $390,000 $148,000
Income Tax (30%) $117,000 $44,400
Net Income $273,000 $103,600
Balance Sheet for 20X4 and 20X5
Balance Sheet 20X4 20X5
Assets
Current Assets $2,000,000 $2,250,000
- Cash $600,000 $650,000
- Accounts Receivable $800,000 $900,000
- Inventories $600,000 $700,000
Non-Current Assets $3,000,000 $3,350,000
- Property, Plant & Equipment (net) $2,500,000 $2,700,000
- Other Long-Term Assets $500,000 $650,000
Total Assets $5,000,000 $5,600,000
Liabilities & Shareholders' Equity
Current Liabilities $1,500,000 $1,700,000
- Accounts Payable $1,200,000 $1,400,000
- Short-Term Debt $300,000 $300,000
Non-Current Liabilities $1,000,000 $950,000
Balance Sheet 20X4 20X5
- Long-Term Debt $1,000,000 $950,000
Total Liabilities $2,500,000 $2,650,000
Shareholders' Equity $2,500,000 $2,950,000
- Common Stock $1,500,000 $1,500,000
- Retained Earnings $1,000,000 $1,450,000
Total Liabilities & Equity $5,000,000 $5,600,000
