Income Statement: Toothsome Limited

time frame the income statement is being used.
This is useful to an organisation such as Toothsome Limited because can give better understanding to shareholders how their investment is progressing.
A balance sheet lists the assets and debts of a company at one specific time.
This is useful to an organisation such as Toothsome Limited because will give clear understanding about short and long term liabilities business is due to pay as well as show how much is the assets worth including depreciation of non-current assets.
A cash flow statement shows how much cash your business is actually creating from stated investments. A cash flow statement shows cash used operating the business, investments in land and other property, stock and bond activity

Company faced 15% increment in year 2015 because Toothsome rented an expensive manufacturing facility that increased its sale by 15%. In this way, the gross profit of Toothsome was 15.2826. The increase in change fluctuated with the cost of goods sold that includes opening inventory, and purchases from wholesalers. Since the place has changed, therefore, the new purchases went up in 2015. For the same reason, the expenses of company increased massively because of change in place. Hence, the profit before taxation goes up as 28.61% that go again up with profit after tax with the 30.368%. The increase in profit after tax was experienced because of no increase or decrease in corporation tax in 2015 that is why it remain sustained and doesn’t include any difference in amount but increases the per cent of profit after

The interest paid on overdraft is 30,000 in 2014 and in 2014 it was 25,000. The corporation tax that did not increase in 2015 since the government didn’t change the taxation policies in 2015 as it sustained with the laws of 2014. Moreover, the cash invested in working capital goes along with inventory, receivables, payables, and current assets. In this way, the % change of net cash flow from operating activities in 2014 was 22%. This increase shows that in 2015, the inventory went down, which means that the utensils and products used by Toothsome that doesn’t show any kind of increase inventory as it is a good aspect for the company. Another aspect is purchase of non-current assets that increased, which can be meant to the rent as company has increases its value of cash investing in working capital that basically holds increase in outflow of cash. Another aspect is change in cash balances with the interest paid on bank loan that goes along with the % change as 15%. Increase in change in financing holds interest payment that went down because of decline in