Basic earning power (BEP)			-6.04%	19.10%
Basic earnings per share (EPS)			-1.60	1.16
Price-to-earnings (P/E) ratio			-1.40	14.20
Dividend yield			0.05	0.61
Market/book (M/B)			0.46	2.40
Book value per share (BVPS)			4.93	n.a.

B C D E F 2020 2019 2018 4 5 Table 1 Balance Sheets 6 7 Assets 8 Cash 9 Accounts receivable 10 Inventories 11 Total current assets 12 Gross fixed assets 13 Less: accumulated depreciation 14 Net fixed assets 15 Total assets 16 17 Liabilities and equity 18 Accounts payable 19 Accruals 20 Notes payable 21 Total current liabilities 22 Long-term bonds 23 Common stock (100,000 shares) 24 Retained earnings 25 Total common equity 26 Total liabilities and anuitu 85,632 878,000 1,716,480 2,680,112 1,197,160 380, 120 817,040 3,497,152 P 7,282 P 632,160 1,287,360 1,926,802 1,202,950 263, 160 939,790 2,866,592 P 57,600 351,200 715,200 1,124,000 491,000 146,200 344,800 1,468,800 436,800 408,000 300,000 1,144,800 400,000 1,721,176 231,176 1,952,352 3.497 152 524,160 P 489,600 636,808 1,650,568 P 723,432 460,000 32,592 492,592 ' 2 866.592 145,600 136,000 200,000 481,600 323,432 460,000 203,768 663,768 1 468 800 B C D E F 2020E 2019 2018 B 28 Table 2 Income Statements 29 30 Sales 31 Cost of goods sold 32 Gross income 33 Operating expenses except depreciation and amortization 34 EBITDA 35 Depreciation and amortization 36 Earnings before interest and taxes (EBIT) 37 Interest expense 38 Earnings before taxes (EBT) 39 Taxes (40%) 40 Net Income 41 42 Total dividends paid 43 Stock price 44 Shares outstanding 45 Tax rate 46 47 TABLE 3 Ratio Analysis 48 7,035,600 P 5,875,992 1,159,608 550,000 609,608 116,960 492,648 P 70,008 422,640 169,056 253,584 P 6,034,000 P 5,528,000 506,000 519,988 (13,988) ? 116,960 (130,948) P 136,012 (266,960) P (106,784) (160,176) P 3,432,000 2,864,000 568,000 358,672 209,328 18,900 190,428 43,828 146,600 58,640 87,960 Page 55,000 12.17 ? 250,000 40.00% 11,000 P 2.25 P 100,000 40.00% 22,000 8.50 100,000 40.00% Industry Average 2020E 2019