Balance Sheets Assets Cash Short-Term Investments. Accounts Receivable Inventories Total Current Assets Gross Fixed Assets Less: Accumulated Depreciation Net Fixed Assets Total Assets 2018 2019 2020 $ 9,000 $ 7,282 $ 14,000 48,600 20,000 71,632 351,200 632,160 878,000 715,200 1,287,360 1,716,480 $ 1,124,000 $ 1,946,802 $ 2,680,112 491,000 1,202,950 1,220,000 146,200 263,160 383,160 $ 344,800 $ 939,790 $ 836,840 $ 1,468,800 $ 2,886,592 $ 3,516,952 Liabilities And Equity Accounts Payable Notes Payable Accruals Total Current Liabilities Long-Term Debt Common Stock (100,000 Shares) Retained Earnings Total Equity Total Liabilities And Equity 2018 2019 2020 $ 145,600 $ 324,000 $ 359,800 200,000 720,000 300,000 136,000 284,960 380,000 $ 481,600 $ 1,328,960 $ 1,039,800 323,432 1,000,000 500,000 460,000 460,000 1,680,936 203,768 97,632 296,216 $ 663,768 $ 557,632 $ 1,977,152 $ 1,468,800 $2,886,592 $ 3,516,952 Income Statements 2018 2019 2020 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 18,900 116,960 120,000 Total Operating costs $ 3,222,900 $ 5,816,960 $ 6,532,960 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 Shares Outstanding EPS DPS Tax Rate Book Value Per Share Lease Payments $ $ 2018 8.50 $ 100,000 0.880 $ 0.220 $ 40% 6.638 $ 40,000 $ 2019 6.00 $ 100,000 (0.951) $ 0.110 $ 40% 5.576 $ 40,000 $ 2020 12.17 250,000 1.014 0.220 40% 7.909 40,000 $ $ 2020 Ratio Analysis Current Quick Inventory Turnover Days Sales Outstanding Fixed Assets Turnover Total Assets Turnover Debt to Invested Capital TIE Profit Margin Basic Earning Power ROA ROE Price/Earnings (P/E) Market/Book 2018 2.3 0.81 4.8 37.41 10.01 2.3 44.1% 3.3 2.6% 14.2% 6.0% 13.3% 9.7 1.31 2019 1.5 0.5 4.5 39.5 6.2 2.0 75.5% 0.1 -1.6% Industry Average 2.7 1.01 6.1 32.0 7.0 2.5 40.0% 6.2 3.6% 17.8% 9.0% 17.9% 16.2 2.91 0.6% -3.3% -17.1% -6.3