Jimenez Corporation: Forecasted Income Statement for 2011 Sales $4,290,000 Cost of goods sold 3,580,000 Selling, general, and administrative expenses 370,320 Depreciation 159.000 Earnings before taxes (EBT) $ 180,680 Taxes (40%) 72,272 Net income $ 108,408 Per Share Data EPS 4.71 Cash dividends per share 0.95 P/E ratio Market price (average) 23.57 Number of shares outstanding 23,000 Industry Financial Ratios (2010)" Quick ratio Current ratio Inventory turnover Days sales outstanding Fixed assets turnover Total assets turnover Return on assets Return on equity Debt ratio Profit margin on sales P/E ratio Price/Cash flow ratio 1.0 2.7 7.0 32 days 13.0 2.6 9.1% 18.2% 50.0% 3.5% 6.0 3.5 "Industry average ratios have been constant for the past 4 years Based on year and balance sheet figures "Calculation is based on a 165-day you Jimenez Corporation: Forecasted Income Statement for 2011 Sales $4,290,000 Cost of goods sold 3,580,000 Selling, general, and administrative expenses 370,320 Depreciation 159.000 Earnings before taxes (EBT) $ 180,680 Taxes (40%) 72,272 Net income $ 108,408 Per Share Data EPS 4.71 Cash dividends per share 0.95 P/E ratio Market price (average) 23.57 Number of shares outstanding 23,000 Industry Financial Ratios (2010)" Quick ratio Current ratio Inventory turnover Days sales outstanding Fixed assets turnover Total assets turnover Return on assets Return on equity Debt ratio Profit margin on sales P/E ratio Price/Cash flow ratio 1.0 2.7 7.0 32 days 13.0 2.6 9.1% 18.2% 50.0% 3.5% 6.0 3.5 "Industry average ratios have been constant for the past 4 years Based on year and balance sheet figures "Calculation is based on a 165-day you