use year end value, instead of using the average of the balance sheet.

Flyer Ice-Tea Balance Sheet At Year Ended December 31st, 2018 Assets Current Assets: Cash Receivables Inventories Prepaid Expenses Total Current Assets Land, Building and Equipment Less Accumulated Depreciation Total Assets 91700 18000 4500 3004 117265 11800 -2600 126400 Liabilities and Equity Current Liabilities: Accounts Payable Accrued Taxes 7500 14560 22060 50000 72060 Total Current Liabilities Long-term Debt Total Liabilities Stockholders' Equity: Capital Stock Retained Earnings Total Stockholders' Equity Total Liabilities and Equity 25000 29340 54340 126400 New Wave Ice-lea Income Statement For the Year Ended Dec 31, 2018 112000 Sales Costs and Expenses: Cost of Sales Selling, general and administrative Depreciation Interest Total Costs and Expenses Earnings before Taxes Income Taxes (@40%) Net Earnings -42000 -28000 -1600 -4000 -75600 36400 -14560 21840 RNOA OPM OpExp% OpRev SG&A % Depr% Tax% Cash Cash AR Inventor Days AR Days In Ice-Too + NOR NNO F Spread Equity Tot. Dobi NOA RNOA Prepaids PPE AP Acer Tax NOR F Spread RNOA NNEP LT Debt Int Exp (1-1) Flyer Ice-Tea Balance Sheet At Year Ended December 31st, 2018 Assets Current Assets: Cash Receivables Inventories Prepaid Expenses Total Current Assets Land, Building and Equipment Less Accumulated Depreciation Total Assets 91700 18000 4500 3004 117265 11800 -2600 126400 Liabilities and Equity Current Liabilities: Accounts Payable Accrued Taxes 7500 14560 22060 50000 72060 Total Current Liabilities Long-term Debt Total Liabilities Stockholders' Equity: Capital Stock Retained Earnings Total Stockholders' Equity Total Liabilities and Equity 25000 29340 54340 126400 New Wave Ice-lea Income Statement For the Year Ended Dec 31, 2018 112000 Sales Costs and Expenses: Cost of Sales Selling, general and administrative Depreciation Interest Total Costs and Expenses Earnings before Taxes Income Taxes (@40%) Net Earnings -42000 -28000 -1600 -4000 -75600 36400 -14560 21840 RNOA OPM OpExp% OpRev SG&A % Depr% Tax% Cash Cash AR Inventor Days AR Days In Ice-Too + NOR NNO F Spread Equity Tot. Dobi NOA RNOA Prepaids PPE AP Acer Tax NOR F Spread RNOA NNEP LT Debt Int Exp (1-1)