Hi. Please provide explanation and solution in good form.

Kinyard Company has the following financial statements for the year ended December 31, 2019. Balance Sheet, 12/31/2019 Cash $ 1,600,000 Accounts Receivable 3,000,000 Inventory 2,500,000 Current Assets $ 7,100,000 Long-lived Assets 14,500,000 Total Assets $ 21,600,000 Current Liabilities S 1,200,000 Long-term Debt 2,400,000 Shareholder Equity 18,000,000 Total Debt and Equity $ 21,600.000 Income Statement For the year ended December 31, 2019 Sales $ 20,000,000 Cost of Sales 15,000,000 Gross Margin 5,000,000 Operating Expenses 2,500,000 Operating Income 2,500,000 Taxes 1,000,000 Net Income $ 1,500.000 Cash Flow From Operations For the year ended December 31, 2019 Net Income $ 1,500,000 Plus Depreciation Expense 1,000,000 +Decrease (-inc) in AccRec, and Inv. +Increase (-dec) in Cur. Liabl Cash Flow from Operations $ 2.500.000Some additional information about 2019 includes: Ginyard Industry Data Year End Stock Price 23.00 Number of Outstanding Shares 1,800,000 Sales Multiplier 2.10 Free Cash Flow Multiplier 22.00 Earnings Multiplier 18.00 Cost of Capital 5.0 % Accounts Receivable Turnover 6.60 Inventory Turnover 5.80 Current Ratio 2.20 Quick Ratio 1.50 Cash Flow from Operations Ratio 1.50 Free Cash Flow Ratio 1.00 Gross Margin Percentage 30.0% Return on Assets (Net Book Value) 18.0% Return on Equity 22.0% Training Expense 500,000 Income Tax Rate 40 % Depreciation Expense 1,000,000 Dividends Required: 1. Complete a business analysis of Ginyard Company for 2019. 2. Complete a business valuation for Ginyard Company for 2019