ASSETS			2021	2020
			Common Size
Cash	$39,019		18.4%	$24,252
Accounts Receivable	$12,644		5.9%	$10,678
Inventory	$7,540		3.5%	$8,798
Total Current Assets		$59,203	27.9%	$43,728
Plant & Equipment	$224,060		105.4%	$165,300
Accumulated Depreciation	($70,753)		-33.3%	($57,176)
Total Fixed Assets		$153,307	72.1%	$108,124
Total Assets		$212,510	100.0%	$151,852
LIABILITIES & OWNERS' EQUITY
Accounts Payable	$8,159		3.8%	$6,944
Current Debt	$35,693		16.8%	$21,740
Long Term Debt	$85,153		40.1%	$59,153
Total Liabilities		$129,005	60.7%	$87,837
Common Stock	$35,951		16.9%	$18,647
Retained Earnings	$47,554		22.4%	$45,369
Total Equity		$83,505	39.3%	$64,016
Total Liab. & O. Equity		$212,510	100.0%	$151,852

Cash Flows from Operating Activities:	2021	2020
Net Income (Loss)	$2,185	$6,566
Depreciation	$13,577	$9,887
Extraordinary gains/losses/writeoffs	$0	$0
Accounts Payable	$1,215	$1,147
Inventory	$1,259	($2,351)
Accounts Receivable	($1,967)	($912)
Net cash from operations	$16,270	$14,336
Cash Flows from Investing Activities:
Plant Improvements	($58,760)	($40,900)
Cash Flows from Financing Activities:
Dividends Paid	$0	$0
Sales of Common Stock	$17,304	$4,258
Purchase of Common Stock	$0	$0
Cash from long term debt	$37,300	$17,784
Retirement of long term debt	($11,300)	$0
Change in current debt (net)	$13,953	($3,749)
Net cash from financing activities	$57,258	$18,293
Net change in cash position	$14,767	($8,271)
Closing cash position	$39,019	$24,252

Stock Market Summary

Company	Close	Change	Shares	MarketCap ($M)	Book Value Per Share	EPS	Dividend	Yield	P/E
Andrews	$8.47	($46.04)	2,051,207	$17	$27.06	($5.31)	$0.00	0.0%	-1.6
Baldwin	$40.41	($8.98)	2,604,056	$105	$32.07	$0.84	$0.00	0.0%	48.1
Chester	$85.49	$18.57	1,943,757	$166	$39.29	$9.54	$0.00	0.0%	9.0
Digby	$31.29	($11.14)	2,953,146	$92	$26.41	($0.33)	$0.00	0.0%	-94.0

It is January 2nd and senior management of Baldwin meets to determine their investment plan for the year. They decide to fully fund a plant and equipment purchase by issuing 75,000 shares of stock plus a new bond issue. Assume the stock can be issued at yesterdays stock price ($40.41) and leverage changes to 2.7. Which of the following statements are true? Select all that apply.

Select: 3

	Total Assets will rise to $225,464,043
	Working capital will remain the same at $15,351,251
	Baldwin will issue stock totaling $3,030,750
	The total investment for Baldwin will be $215,540,946
	Total liabilities will be $125,974,245
	Equity will be $86,535,951

Bond Market Summary

	Company	Series#	Face	Yield	Close$	S&P
	Andrews
		11.2S2026	$8,837,000	12.2%	92.01	CC
		11.9S2027	$7,072,000	12.7%	93.69	CC
		11.4S2030	$14,722,000	12.7%	89.42	CC
		12.5S2031	$6,137,000	13.2%	94.68	CC
	Baldwin
		11.2S2026	$8,639,846	12.3%	91.03	CC
		12.4S2027	$5,828,840	13.1%	94.53	CC
		11.9S2029	$15,600,742	13.1%	91.13	CC
		13.0S2030	$17,783,553	13.5%	96.01	CC
		13.6S2031	$37,300,056	13.7%	98.95	CC