14 2015 Sales 100 110 120 Cost of goods sold 50 51 Depreciation 20 20 General, sales & admin expenses 70 65 Taxes 10 Net Income -50 -36 -22 88 89 10 Balance Sheet 2013 2014 2015 Current Assets 40 45 40 40 Property, plant & equipment 60 55 60 Total Assets 100 100 100 Current Liabilities 40 35 Long-Term Liabilities 10 10 15 Equity 50 50 50 Total Liabilities & Equity 100 100 100 INDUSTRY AVERAGE RATIOS 2013 2014 2015 14 2015 Sales 100 110 120 Cost of goods sold 50 51 Depreciation 20 20 General, sales & admin expenses 70 65 Taxes 10 Net Income -50 -36 -22 88 89 10 Balance Sheet 2013 2014 2015 Current Assets 40 45 40 40 Property, plant & equipment 60 55 60 Total Assets 100 100 100 Current Liabilities 40 35 Long-Term Liabilities 10 10 15 Equity 50 50 50 Total Liabilities & Equity 100 100 100 INDUSTRY AVERAGE RATIOS 2013 2014 2015