Wigs by Maple has grown greatly throughout its years of business. The profit margin increased by $124,650 from 2016 to 2018 and the sales jumped from $100,000 to $500,000 from 2017-2018. Even though the taxes were significantly higher in 2018 from 2017 by a margin of $120,800. Nonetheless, the money I took home was significantly greater, since I was already having greater sales.
The Accounts Receivables make up most of the assets by leading with 18% more than the Total Currents Assets. The AR consists of payments that haven’t been made yet by the clients but are in the process. Cash and Marketable Securities combined only account for 4% of the total assets.
The accounts payable is the money Wigs by Maple owns in relation to its supplier leading with 37%, not to be confused with the notes payable that represents that amount that needs to be paid. In the future if we can decrease the Long Term Debt and increase the Accounts Payable, then we can see more growth.
Wigs by Maple 