1. An analyst wants to project the financial statements of a company in 2020. He has gathered the following information for 2019:

Current Assets	70 000 000
Property, Plant, and Equipment	110 000 000
Current Liabilities	50 000 000
Bank Debt	30 000 000
Common Stocks, P1 par	60 000 000
Retained Earnings	40 000 000
Sales	200 000 000
Net Income	10 000 000

Assumptions:

• Current Assets and current liabilities are expected to vary with sales

• The net profit margin in 2019 is expected to hold in 2020

• Projected sales in 2020 is P210 million

• The company plans to pay P0.05 cash dividends per share in 2020.

Compute the following for 2020:

1. Net income

2. Current Assets

3. Current Liabilities

4. Cash Dividends

(Note: net profit margin is calculated by dividing net income by net sales)