The Jimenez Corporation's forecasted 2020 financial statements follow, along with some industry average ratios. Jimenez Corporation: Forecasted Balance Sheet as of December 31, 2020 Assets Cash Accounts receivable Inventories Total current assets Fixed assets Total assets Liabilities and Equity Accounts payable Notes payable Accruals Total current liabilities Long-term debt $ 70,000 439,000 896,000 $1,405,000 431,000 $1,836,000 $ 332,000 100,000 170,000 $ 602,000 404,010 Common stock Retained earnings Total liabilities and equity 575,280 254,710 $1,836,000 Jimenez Corporation: Forecasted Income Statement for 2020 Sales Cost of goods sold $4,290,000 3,705,000 399,456 Selling, general, and administrative expenses Earnings before interest and taxes (EBIT) Interest expense Earnings before taxes (EBT) Taxes (25%) Net income Jimenez Corporation: Per Share Data for 2020 EPS Cash dividends per share $ 185,544 40,000 $ 145,544 36,386 $ 109,158 $ 4.75 P/E ratio Market price (average) Number of shares outstanding. $ 0.95 4.0 $18.98 23,000