Assets 2015 2016 9 Cash and cash equivalents $20,000 $21,000 Short-term investments 3,240 3,759 Accounts Receivable 48,000 52,500 11 13 Total current assets $127,240 $161,259 14 Net fixed assets 200,000 218400 15 Total assets 16 Liabilities and equity 17 Accounts payable $32,000 $33,600 18 Accruals 12,000 12,600 19 Notes payable 20 Total current liabilities 21 debt 22 $108,800 $133,791 Common stock 178,440 183,793 23 24 Retained Earnings 40,000 62,075 25 Total common equity 218,440 245,868 26 Total abilities and equity 27 Dancing Water Company: December 31 Income Statements 28 29 sales $400,000 $420,000 30 Expenses excluding depr. and amort. 320,000 327.600 31 EBITDA $80,000 $92,400 32 Depreciation and Amortization 18,000 19,660 33 EBIT $62,000 $72,740 34 Interest Expense 57,540 $67,000 36 Taxes (40%) 37 Net Income Common dividends $17,262 $18,125 39 40 Addition to retained earnings $17,262 $22,075 42 other Data 2015 2016 43 Year-end Stock Price $96.00 of shares Thousands) 4,000 4,052 Lease payment OThousands of Dollars) $20,000 $20,000 44 45 so 46 Sinking fund payment (Thousands of Dollars) 68 Market Value Ratios 69 Earnings per share Price-to-earnings ratio 70 71 Cash flow per share 72 Price-to-cash flow ratio 73 Book Value per share 74 Market-to-book ratio