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Bilbao Madrid Malaga Total Sales revenues 180,000 240,000 80,000 500,000 Cost of goods sold 130,000 11,000 45,000 186,000 Operating income 50,000 229,000 35,000 314,000

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Bilbao Madrid Malaga Total Sales revenues 180,000 240,000 80,000 500,000 Cost of goods sold 130,000 11,000 45,000 186,000 Operating income 50,000 229,000 35,000 314,000 Total assets 500,000 420,000 230,000 1,150,000 Common equity 430,000 Debt 720,000

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