TABLE 3 Ratio Analysis				Industry
		2020E	2019	Average
Current ratio			1.17	2.70
Quick ratio			0.39	1.00
Cash ratio			0.00	0.40
Debt ratio			82.82%	60.00%
Equity ratio			17.18%	40.00%
Debt-to-equity (D/E) ratio			481.94%	150.00%
Equity multiplier			374.92%	200.00%

compute for 2020E RATIOS

B C D E F 2020 2019 2018 4 5 Table 1 Balance Sheets 6 7 Assets 8 Cash 9 Accounts receivable 10 Inventories 11 Total current assets 12 Gross fixed assets 13 Less: accumulated depreciation 14 Net fixed assets 15 Total assets 16 17 Liabilities and equity 18 Accounts payable 19 Accruals 20 Notes payable 21 Total current liabilities 22 Long-term bonds 23 Common stock (100,000 shares) 24 Retained earnings 25 Total common equity 26 Total liabilities and anuitu 85,632 878,000 1,716,480 2,680,112 1,197,160 380, 120 817,040 3,497,152 P 7,282 P 632,160 1,287,360 1,926,802 1,202,950 263, 160 939,790 2,866,592 P 57,600 351,200 715,200 1,124,000 491,000 146,200 344,800 1,468,800 436,800 408,000 300,000 1,144,800 400,000 1,721,176 231,176 1,952,352 3.497 152 524,160 P 489,600 636,808 1,650,568 P 723,432 460,000 32,592 492,592 ' 2 866.592 145,600 136,000 200,000 481,600 323,432 460,000 203,768 663,768 1 468 800 B