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Statement of functional expenses year ended june 30 20x7. C 2010 16 nelson consulting limited page 1 of 43 sample financial statements 2015161 for the year ended 31 december 2015 13 april 2016 sample manufacturing company. To illustrate financial statement analysis we will use the financial statements of k l fashions inc.

K l fashions is a direct mail order company for quality cut and sewn products. Keep in mind that the ratios shown in figure 1 are only a sample of dozens of widely used ratios in financial statement analysis. The internal revenue service audited him twice in 10 years.

To the board of directors and shareholders. Financial statements for the years ended december 31 2010 and 2009. Use this sample financial statement as a guide when preparing annual financial statements for an incorporated society.

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Many of the ratios overlap.

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