CASE ANALYSIS - EXCLUSIVITY INC. The following comprehensive assessment is based on a continuing case study of Exclusivity Inc. The following financial statements have been provided: Exclusivity Inc. Income Statement For the year ended December 31, 2021 2021 ('000s) Sales 325,000 Cost of Goods Sold Gross Profit (165,500) 159,500 Selling & Marketing Costs (20,000) Admin. Expenses (35,500) Depreciation Expense (12,000) Earnings before Interest & Taxes 92,000 Interest Expense (5,000) Taxable Income 87,000 Taxation (30%) (26,100) Net Income 60,900 Dividends (35%) 21,315 Addition to Retained Earnings 39,585 Additional Information: Ordinary Share Price per unit 20.00 Ordinary Shares Outstanding ('000s) 30,000 Exclusivity Inc. Statement of Financial Position As at December 31, 2020 & 2021 2020 2021 2020 2021 ('000s) ('000s) ('000s) ('000s) ASSETS LIABILITIES & EQUITY Current Assets Current Liabilities Inventories 55,000 65,000 Accounts Payables 25,550 20,857 Accounts Receivables 10,000 7,500 Notes Payables 37,500 35,000 Cash & Equivalents 57,358 65,000 63,050 55,857 122,358 137,500 Non-current Liabilites 65,000 73,000 Non Current Assets, Net 115,500 145,750 Total Liabilities 128,050 128,857 Equity Common Stock 25,000 30,000 Retained Earnings 84,808 124,393 Total Equity 109,808 154,393 TOTAL ASSETS 237,858 283,250 TOTAL LIAB. & EQUITY 237,858 283,250 Page 2 of 6