FishCo Fillets, Inc. Income Statement (dollars in millions) 2019 $ Net Sales revenue Cost of goods sold Gross margin Operating expenses Operating income Interest expense Earnings before taxes Provision for income taxes Net income 23,000 18,000 5,000 2.650 2.350 750 1,600 400 1.200 FishCo Fillets, Inc Balance Sheet (dollars in millions) 2019 Cash $ Accounts receivable, net Inventory Total current assets Property, plant & equipment, net Total Assets $ 7,000 8,000 14,000 29,000 10,000 39.000 $ $ Accounts payable Accruals Total current liabilities Bond payable Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities & stockholders' equity 6,000 4,000 10,000 5,000 15,000 10,000 14,000 24,000 39.000 Shares outstanding, Dec.31, 2019 (thousands) Price per share, Dec. 31, 2019 20,000 50.00 $ Market capitalization Earnings per share Price earnings ratio Book value per share Price book ratio Net profit margin Total asset turnover Return on assets Financial leverage multiplier Return on equity sales operating expenses operating income interest expense tax expense net income $ $ $ $ $ $ Company Company A B 1,000 $ 3,000 775 $ 1,935 225 $ 1,065 100 $ 200 50 $ 300 75 $ 565 assets liabilities equity $ $ $ 400 $ 350 $ 50 $ 3,000 575 2,425 Which company is more likely to be a discount retailer? Support your answer through ratio analysis. Net income 2017 Net income 2018 Net income 2019 Net income 2020 20,000 23,000 19,000 25,000 Using the average of the annual growth rates, predict net income for 2021