a)-Calculate the follow for the Year end 2019 from the under mention financials: 4

1. NOPAT
2. NOWC
3. OP
4. OCF

b)- Calculate the following ratios and give your comments in comparison with industrial ratio: 12

1. Current Ratio (Industrial average is 1.25)
2. Quick Ratio (Industrial average is 0.87)
3. Inventory Turnover (Industrial average is 5.0 times)
4. Day Sales Outstanding (Industrial average is 35 days)
5. Fix Assets Turnover (Industrial average is 12 times)
6. Net Profit (Industrial average is 13.5%)

BALANCE SHEET
ASSETS
	2019	2018
CASH & CASH EQUIVANTS	578944	464750
ACCOUNT RECEIVABLE	7979942	6887110
INVENTORIES	15387330	12887660
TOTAL CA	23946216	20239520
GROSS ASSETS	7844500	5568600
DEPRECIATION	682870	425870
NET ASSETS	7161630	5142730
NON CUURENT ASSETS	7161630	5142730
TOTAL ASSETS	31107846	25382250
LIABILITIES & EQUITY
	2019	2018
NOTES PAYABLE	1500000	1500000
ACCOUNT PAYABLE	6728865	5465995
SHORT LOANS	4848600	3704000
ACCRUALS	258360	198755
CURRENT PORTION OF LTL	875000	680000
TOTAL CL	14210825	11548750
LONG TERM LOANS	7489500	6688500
TOTAL LIABILITIES	21700325	18237250
COMMON STOCKS	4500000	4500000
RETAIN EARNING	4907521	2645000
TOTAL EQUITY	9407521	7145000
TOTAL LIABILITY & EQUITY	31107846	25382250
	INCOME STATEMENT
SALES	70778500	58556440
COGS	56572660	45136780
GROSS PROFIT	14205840	13419660
OPERATING EXPENSE	1674250	1102250
EBITDA	12531590	12317410
DEPRECIATION & AMORT.	257000	228400
EBIT	12274590	12089010
FINANCIAL CHARGES/INT. EXP.	3065000	2875000
EBT	9209590	9214010
TAX@32%	2947069	2948483
PROFIT MARGIN/NET PROFIT	6262521	6265527
DIVIDEND PAID	4000000	4000000
RETAIN EARNING	2262521	2265527
Number of Shares	450000	450000
Market Price	16.25	13.75