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Jimenez Corporation: Forecasted Income Statement for 2020 Sales Cost of goods sold Selling, general, and administrative expenses Earnings before taxes (EBT) Interest expense Earnings before
Jimenez Corporation: Forecasted Income Statement for 2020 Sales Cost of goods sold Selling, general, and administrative expenses Earnings before taxes (EBT) Interest expense Earnings before taxes (EBT) Taxes (25\%) Net income \begin{tabular}{r} $4,290,000 \\ 3,580,000 \\ 525,456 \\ \hline$184,544 \\ 40,000 \\ \hline$144,544 \\ 36,136 \\ \hline$108,408 \\ \hline \hline \end{tabular} Jimenez Corporation: Per Share Data for 2020 \begin{tabular}{lr} EPS & $4.71 \\ Cash dividends per share & $0.95 \\ P/E ratio & 5.0 \\ Market price (average) & $23.57 \\ Number of shares outstanding & 23,000 \end{tabular} Industry awerage ratios have been stable for the past 4 years. 'Based on year-end balance sheet figures. "Calculation is based on a 365 .day year. The Jimenez Corporation's forecasted 2020 financial statements follow, along with some industry average ratios. Calculate Jimenez's 2020 forecasted ratios, compare them with the industry average data, and comment briefly on Jimenez's projected strengths and weaknesses
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