Balance Sheet
	2014		2015		2016
Assets
Cash	$9,000		$7,282		$14,000
Short-term investments	48,000		20,000		71,632
Accounts receivable	351,200		632,160		878,000
Inventories	751,200		1,287,360		1,716,480
Total current assets	$1,124,000		$1,946,802		$2,680,112
Gross fixed assets	491,000		1,202,950		1,220,000
Less: Accumulated depreciation	146,200		263,160		383,160
Net fixed assets	$344,800		$39,790		$36,840
Total assets	$1,468,800		$2,886,592		$,516,952
	2011		2012		2013
Liabilities & Equity
Accounts payable	$145,600		$324,000		$359,800
Notes payable	200,000		720,000		300,000
Accruals	136,000		284,960		380,000
Total current liabilities	$481,600		$1,328,960		$1,039,800
Long-term debt	323,432		1,000,000		500,000
Common stock (100,000 shares)	460,800		460,000		1,680,936
Retained earnings	203,768		97,632		296,216
Total equity	$663,768		$557,632		$1,977,152
Total liabilities & Equity	$1,468,800		$2,886,592		$3,516,952
Note: E denotes, estimated ; the 2013 data for forecasts.
Income Statement
	2014		2015		2016
Sales	$3,432,000		$5,834,400		$7,035,600
Cost of goods sold	2,864,000		4,980,000		5,800,000
Other expenses	340,000		720,000		612,960
Depreciation & Amortization	18,900		116,960		120,000
Total operating Cost	$3,222,900		$5,816,960		$6,532,962
EBIT	$209,100		$17,440		$502,640
Interest expense	62,500		176,000		80,000
EBT	$146,600		($158,560)		$422,640
Taxes (40%)	58,640		(63,424)		169,056
Net Income	$87,960		($95,136)		$253,584
Other Data
Stock price	$8.50		$6.00		$12.17
Shares outstanding	100,000		100,000		250,000
	2011		2012		2013E
EPS	$0.880		($0.951)		$1.014
DPS	$0.220		0.110		0.220
Tax rate	40%		40%		40%
Book value per share	$6.638		$5.576		$7.909
Lease payment	$40,000		$40,000		$40,000
Note: E denotes estimated ; the 2013 data are forecasts.
Ratio Analysis
	2014	2015		2016E		Industry Average
Current	2.3	1.5		------------------		2.7
Quick	0.8	0.5		------------------		1.0
Inventory turnover	4.8	4.5		------------------		6.1
Days sales outstanding	37.3	39.6		------------------		32.0
Fixed assets turnover	10.0	6.2		-----------------		7.0
Total assets turnover	2.3	2.0		---------------		2.5
Debt ratio	54.8%	80.7%		--------------		50.0%
TIE	3.3	0.1		--------------		6.2
EBITDA Coverage	2.6	0.8		--------------		8.0
Profit margin	2.6%	-1.6%		--------------		3.6%
Basic earning power	14.2%	0.6%		--------------		17.8%
ROA	6.0%	-3.3%		--------------		9.0%
ROE	13.3%	-17.1%		--------------		17.9%
Price / Earnings (P/E)	9.7	-6.3		--------------		16.2
Price / Cash flow	8.0	27.5		-------------		7.6
Market / Book	1.3	1.1		-------------		2.9

Use the extended DuPont equation to provide a summary and overview of Computrons finan- cial condition as projected for 2016. What are the firms major strengths and weaknesses?