c) Calculate DOL, DOF, and DOT for both years.
	ANSWER
	2020	2021
DOL
DOF
DOT

BALANCE SHEET ASSETS Current Assets Cash and cash equivalents Accounts Receivables Inventories Total Current Assets Non-Current Asset Property, plant and equipment - net Total Assets Liabilities Current Liabilities Accounts payable Loans and notes payable Total Current Liabilities Long-term debt Total Liabilities Stockholders Equity Common stock Reinvested earnings Stockholders Equity Total Liabilities and Equity INCOME STATEMENT 2020 162,003 578,848 343,310 1,084,160 1,621,730 2,705,890 356,098 141,928 498,025 476,823 974,848 100,513 1,630,530 1,731,043 2,705,890 2020 2021 311,055 598,455 364,815 1,274,325 1,733,903 3,008,228 418,275 192,280 610,555 588,473 1,199,028 100,513 1,708,688 1,809,200 3,008,228 2021 Difference 149,053 19,608 21,505 112,173 62,178 50,353 111,650 78,158 INCOME STATEMENT Net Operating Revenues Cost of goods sold Depreciation Operating Expenses Operating Income Interest (income) expense Income Before Income Taxes Income Tax Net Income ADDITIONAL INFORMATION Purchases Preferred dividend Outstanding common shares Common dividend Market price Return on Equity Gross Profit 2020 2021 2,228,243 2,510,530 1,325,308 1,489,070 902,935 1,021,460 81,098 86,708 602,415 673,420 219,423 261,333 21,450 26,125 197,973 235,208 59,392 70,562 138,581 164,645 1,303,803 1,510,575 $ 275 $ 275 16,500 $ 4.40 $ 5.23 $ 165.00 $ 154.00 5.50% 5.44% 13,750