6 Global Manufacturing, Inc. INCOME STATEMENT 7 2019 2020 89 0 1 $70,911,420 $48,113,332 $13,785,239 $85,218,840 57,181,806 16,873,362 9,012,849 11,163,672 12 13 TABLE #1 14 Total sales Cost of goods sold Administrative expense Earnings before interest, taxes, depreciation & amortization (EBITDA) Depreciation Earnings before interest & taxes.(EBIT) Interest expense Earnings Before Taxes (EBT) Taxes Net income Dividends Additions to Retained Earnings 15 16 1,700,510 7,312,339 1,390,284 5,922,055 1,243,632 4,678,423 1,169,606 3,508,818 2,027,160 9,136,512 1,603,312 7,533,200 1,581,972 5,951,228 1,487,807 4,463,421 17 18 19 20 21 24 Global Manufacturing, Inc. BALANCE SHEET 25 2019 2020 26 27 28 29 30 $2,836,450 8,509,350 20,351,550 31,697,350 22,975,245 $54,672,595 $1,851,754 $10,262,510 $23,144,820 35,259,084 $27,826,540 $63,085,624 31 32 33 34 TABLE #2 35 ASSETS Cash Accounts receivable Inventory Total Current Assets Net Fixed Assets TOTAL ASSETS LIABILITIES & STOCKHOLDER'S EQUITY Accounts payable Notes payable Total current liabilities Long-term debt TOTAL LIABILITIES Common stock Retained earnings* TOTAL STOCKHOLDERS' EQUITY TOTAL LIABILITIES & STOCKHOLDER'S EQUITY 36 37 38 $5,758,070 7,961,031 13,719,101 12,359,868 26,078,969 2,040,000 26,553,626 28,593,626 $7,151,072 10,094,260 17,245,332 12,783,245 30,028,577 2,040,000 31,017,047 33,057,047 39 40 41 42 $54,672,595 $63,085,624 43 44 45 Global Manufacturing, Inc. ADDITIONAL INFORMATION 46 Information 2019 2020 47 48 49 50 Depreciation as a % of net fixed assets Short-term interest expense Long-term interest expense Income tax rate Dividend payout ratio TABLE #3 7.68% 6.72% 6.92% 21.00% 25.00% 8.82% 7.12% 6.92% 21.00% 25.00% 51 52 Fixed assets as a percent of total capacity. 84.00% 91.00% 53 54 End of year stock price Number of common shares outstanding $67.13 1,750,000 $69.21 1,750,000 55 00 5 Global Manufacturing, Inc. 6 2020 FINANCIAL RATIO CALCULATIONS AND ANALYSIS Global Manufacturing, BENCHMARK YOUR ANALYSIS OF 2020 7 Inc. FIRM RATIO (BETTER, SAME, or, WORSE than the benchmark ASSIGNED RATIOS 2020 2020 firm) 9 PROFITABILITY RATIOS 10 Operating Margin 0.0% 17.8% 11 Profit Margin 0.0% 12.5% 12 Return On Assets (ROA) 0.0% 13.9% 13 Return On Common Equity (ROE 0.0% 23.8% 14 Plovback or Retention Ratio 0.0% 90.0% 15 ASSET UTILIZATION RATIOS 16 Receivables Turnover 0.0 7.1 17 Days Sales in Receivables 0.0 51.4 18 Inventory Turnover 0.0 2.7 19 Days Sales in Inventory 0.0 135.2 20 Fixed Asset Turnover 0.0 2.8 21 Total Asset Turnover 0.0 1.1 22 LIQUIDITY RATIOS 23 Current Ratio 0.0 1.9 24 Quick ratio 0.0 0.8 25 Cash Ratio 0.0 0.2 26 FINANCIAL LEVERAGE RATIOS 27 Accounts Payable Ratio 0.0% 29.4% 28 Notes Payable Ratio 0.0% 31.2% 29 Long-term-debt Ratio 0.0% 36.3% 30 Total Debt Ratio 0.0% 45.2% 31 Debt-Equity Ratio 0.0 0.8 32 Equity-Multiplier 0.0 1.8 33 Times Interest Earned 0.0 7.7 34 Cash Coverage Ratio 0.0 8.8 35 MARKET VALUE RATIOS 36 Earnings Per Share (EPS) $0.00 $3.08 37 Dividends Per Share (DPS) $0.00 $0.31 38 End-of-Year Dividend Yield 0.0% 1.2% 39 Cash Per Share (CPS) $0.00 $2.03 40 Pricelearnings (P/E) 0.0 29.3 41 Market/book (MIB) 0.0 5.9 42 Enterprise Value (EV) $0 43 EV Multiple 0.0 15.9