Mike Owjai Finance			Mike Owjai Finance
Income Statements			Balance Sheet
For the Year Ended December 31, 2020			As of December 31, 2020
	2020			2020
Sales			Assets
Cost of Goods			Cash	$35,000
Gross Profit			Accounts Receivable
Depreciation	72,000		Inventory	593,000
Selling & Admin. Expense	954,250		Total Current Assets
Lease Expense	45,750		Gross Fixed Assets	3,450,000
Earnings Before Interest & Taxes			Accumulated Depreciation
Interest Expense			Net Plant & Equipment
Earnings Before Taxes			Total Assets	4,030,650
Taxes			Liabilities & Owner's Equity
Net Income			Accounts Payable	359,575
			Short-term Notes Payable
Note: Tax Rate	25.00%		Total Current Liabilities
			Long-term Debt
			Common Equity
			Total Liab. & Owner's Equity
Ratios
Current Ratio	1.94235278
Inventory Turnover	5.00000000
A/R Turnover	10.00000000
Fixed Asset Turnover	1.43997848
LTD to Equity	0.59215753
Times Interest Earned	2.13913043
Net Profit Margin	0.02293953
Return on Total Assets	0.02437572
Return on Equity	0.04486301
digits	8