Evaluate the current financial performance of Yalla Momosand
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EXHIBIT 1: YALLA MOMOS INCOME STATEMENT FOR THE YEAR ENDING 2015 (IN AED) |
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Net Revenue |
504,000 |
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Expenses |
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Cost of food sales |
151,200 |
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Rent |
68,000 |
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Salaries |
54,000 |
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Administrative costs |
23,000 |
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Depreciation |
30,200 |
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Utilities |
13,000 |
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Miscellaneous expenses |
15,800 |
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Advertising costs |
0 |
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Interest |
13,000 |
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Net Profit |
135,800 |
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EXHIBIT 2: YALLA MOMOS PROJECTIONS FOR THE YEAR 2016 (IN AED) |
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Without expansion |
With expansion |
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Rent |
75,000 |
88,000 |
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Salaries |
61,400 |
75,000 |
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Administrative costs |
26,000 |
34,000 |
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Depreciation |
34,720 |
38,360 |
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Utilities |
14,000 |
19,000 |
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Miscellaneous expenses |
17,060 |
19,180 |
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Advertising costs |
8,000 |
12,000 |
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Interest |
13,000 |
16,000 |
Evaluate the current financial performance of Yalla Momosand compare his performance to the industry ratios.
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