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Submitted To: Prof. P.K Gupta
Jaspreet singh ( TL) Gaurav mehra Varun narain Rahul jha
Soapy Rides is a prominent hand car wash serving the NFC,NEW DELHI. Soapy Rides will be run by RAHUL JHA , VARUN NARAIN, GAURAV MEHRA, JASPREET SINGH, of the prominent CMS family. The Business Soapy Rides will be providing customers with three services: exterior car washing, interior cleaning, and detailing. Soapy Rides has no true competitors that are trying to offer a high quality service for a reasonable rate. Most are trying to compete on price alone. Soapy Rides' ability to provide a high quality service, both in regards to the actual washing as well as customer service is all based on their ability to find the best employees. Hiring the best employees is cost effective because it decreases HR costs associated with turnover and other employee costs. Hiring the best employees and making sure that they are well taken care of ensures that they in turn take care of the customers. Study after study proves that a happy employee is far more likely to provide the highest level of customer service compared to an employee who is not happy and feels that they are being taken advantage of. The Customers Soapy Rides will target three main groups of customers: individual car owner and leasers, car dealerships, and local businesses. The surrounding area is quite affluent, 40% of the residents earn over Rs70,00,000 a year. Consequently, they have nice cars and want them to look nice. There are five different car dealerships within a three-mile radius which will require car washing services for the various fleets. Lastly, there are many different local businesses that have company cars and that require clean appearances. Management
The company soapy rides has a very strong, experienced and professional management team. With each member working in their area of specialization we have every aspect of the business covered. Jaspreet Singh will be: Owner/Operator with 35% ownership and will be responsible for buying, customer sales and fittings. Varun narain will be: Co-owner with 26% ownership and will act as merchandising consultant, employee training and part-time sales. Gaurav Mehra will be: Co-owner with 19% ownership and will act as Operation Manager responsible for payable and receivables, inventory control, in store promotions, billing and sales. Rahul Jha will be: co-owner and working partner with 20% ownership and will act as CRM Manager and Procurement.
Soapy Rides is positioning itself as the premier hand car wash serving the South Delhi area. We have forecasted a 20% market share. The business will generate a very high gross margin and a modest net margin after year one and comfortable margin after year three. By year three the business will have developed a respectable yearly net profit.
1500000 sales gross margin 1000000 net profit
0 year 1 year 2 year 3
The objectives for Soapy Rides Car Wash and Detail Service are: 1. To be viewed as a premium car wash and detail service in South Delhi. 2. Maintain a very high gross profit margin. 3. Maintain a modest, steadily growing net profit margin. 4. Expand to two locations after third year of operation.
The mission of Soapy Ride is to provide top-quality washing and detail service for luxury car owners in South Delhi will work to keep employees satisfied in order to maintain impeccable customer service.
2.1 Company Ownership
The company will be solely owned by by RAHUL JHA , VARUN NARAIN, GAURAV MEHRA, JASPREET SINGH, of the prominent CMS family.We felt NFC, Delhi would be a perfect location for a car wash service.
2.2 Start-up Summary
The start-up expenses for Soapy Rides will be financed by :
Jaspreet Singh will be: Owner/Operator with 35% ownership and will be responsible for buying, customer sales and fittings. Varun narain will be: Co-owner with 26% ownership and will act as merchandising consultant, employee training and part-time sales. Gaurav Mehra will be: Co-owner with 19% ownership and will act as Operation Manager responsible for payable and receivables, inventory control, in store promotions, billing and sales. Rahul Jha will be: co-owner and working partner with 20% ownership and will act as CRM Manager and Procurement.
We have been working with a local graphic designer to develop a logo, letterhead, and company brochures. We have not been in the wash and detailing business, which is a very different service (quick turnaround per car is incredibly important). For this reason he is working with an acquaintance to set up the system that will ensure efficient service even during peak usage.
Rent on the location has been negotiated and will be Rs1,2000 per month. In addition, insurance for the business will be approximately Rs2000 per month and will be paid by direct debit on a monthly basis. Expensed equipment includes three high-power water pumps, two industrial vacuum cleaners, two computer terminals, and one cash register. All of the equipment will be depreciated over three years. The location was previously used as a quick stop automobile service shop, so it is set up to move vehicles quickly through the premises, but does not have all the necessary systems in place to host a car wash and detail facility. The services of a contracting company will be sought to convert the use of the facility and to improve the customer waiting room facilities.
300000 250000 200000 150000 100000 50000 0 EXPENCES ASSETS INVESTMENTS LOANS RS
Start-up Requirements Start-up Expenses Legal Stationery etc. Brochures Consultants Insurance Rent Research and Development Expensed Equipment Signs Building Materials Building Labor Total Start-up Expenses Start-up Assets
Rs5000 Rs4000 Rs4500 Rs00 Rs2000 Rs1,2000 Rs3000 Rs4,1000 Rs7000 Rs1,2000 Rs1,0000 Rs10,0500
Cash Required Start-up Inventory Other Current Assets Long-term Assets Total Assets Total Requirements
Rs8,7000 Rs2500 Rs1,0000 Rs10,0000 Rs19,9500 Rs30,0000
Start-up Funding Start-up Expenses to Fund Start-up Assets to Fund Total Funding Required Assets Non-cash Assets from Start-up Cash Requirements from Start-up Additional Cash Raised Cash Balance on Starting Date Total Assets
Liabilities and Capital Liabilities Current Borrowing Long-term Liabilities Accounts Payable (Outstanding Bills) Other Current Liabilities (interest-free) Total Liabilities Capital Planned Investment Investor 1 Investor 2 Other Additional Investment Requirement Total Planned Investment Loss at Start-up (Start-up Expenses) Total Capital Total Capital and Liabilities Total Funding
Rs10,0500 Rs19,9500 Rs30,0000 Rs11,2500 Rs8,7000 Rs00 Rs8,7000 Rs19,9500
Rs0 Rs0 Rs0 Rs0 Rs0
Rs30,000 Rs0 Rs0 Rs0 Rs30,0000 (Rs10,0500) Rs19,9500 Rs19,9500 Rs30,0000
Soapy Rides will provide three services to its customers:
y y y
Car washing (exterior) Car cleaning (interior) Car detailing
Market Analysis Summary
The car wash will be based in NFC, NEW DELHI. This area has a number of benefits in terms of the market that it will provide for the business. Over 40% of households in the immediate neighborhood earn over Rs70,00,000 annually. Many people in the neighborhood own and/or lease new cars and place great value on their cars and how they look. There are a large number of car dealerships in the area--five within three miles of the proposed location for Soapy Rides.
4.1 Market Segmentation
Soapy Rides segments its customers by type of car ownership. We believe that the type of car that a person owns says volumes about their driving, and, therefore their car washing and detailing requirements. 1. New car owners: Owners of newer cars are most likely to use a hand car washing service. These owners take great pride in their cars and will bring them often to the wash and detail service. The goal with these customers is to promote regular use of the wash and detail service. The aim is to inform these customers that Soapy Rides will keep their car looking as good as it did the day they drove it off the lot. 2. Older luxury car owners: These people have either owned their high-end luxury cars for several years or are unable to afford the expense of a new luxury car but want the feel of relaxed driving. Both of these groups want to keep their cars in the best shape possible. Those who have bought second-hand cars will often spend many hours in their cars and will place high importance on keeping their cars looking good. These owners will bring their cars in for regular washes and occasional details. 3. Sports car owners: These people are often younger or middle-aged men and will regard the look of their car as important. They will also pride themselves on the look of their car and will have their car hand washed (at least) weekly. These drivers will have an occasional detail, but will keep their cars so clean the detail will not be necessary very often. 4. Lifetime owners: Many of these people have owned their cars for more than five or six years, and are more likely to be women. They are attached to their cars as friends and though it may be more sensible for them to purchase a new car, they will bring their car in for a wash occasionally, just when the car is dirty. They like their cars to look presentable, and want to keep it in good shape but are not tied up in the look of their car. For this reason, they will not have a detail carried out on their car unless they are selling it. 5. Dealerships: There are five new and used car dealerships within three miles of the proposed location of Soapy Rides. These dealerships often use outside car wash services to detail their vehicles before they are put up for sale. In addition, there are fifteen other car dealerships within a seven mile radius of Soapy Rides.
6. Local businesses: Some local businesses have fleets of cars and small vans that must be kept clean to maintain their company image. These businesses will be looking for a cost effective, efficient car washing service to perform this service, and will prefer to use a car wash service during the week rather than during weekends, like the general public.
Year 1 Potential Customers New Car Owners Older Luxury Car Owners Sports Car Owners Lifetime Owners New and Used Car Dealerships Total Growth 10% 15% 15% 10% 7% 12.28% 7,200 12,500 6,500 17,000 9 43,209 7,920 14,375 7,475 18,700 10 48,480 8,712 16,531 8,596 20,570 11 54,420 9,583 19,011 9,885 22,627 12 61,118 10,541 21,863 11,368 24,890 13 68,675 Year 2 Year 3 Year 4 Year 5 CAGR 10.00% 15.00% 15.00% 10.00% 9.63% 12.28%
4.2 Target Market Segment Strategy
The strategy behind Soapy Rides target segmentation is to attract customers who will be repeat users and will frequent the business in the typically quiet times for a car wash business. It will not be difficult to attract customers during the summer months and on the weekends, the weekdays however, especially in the winter, people will not think about having their cars washed. For this reason, Soapy Rides will target people who will tend not to be restricted to these busy times.
y y y y
Business owners (new car owners) tend to be very busy people, but are often able to make their own hours. Retired people (older luxury car owners) are not restricted by typical work schedules so will be able to frequent the car wash during the week. Dealerships will need cars detailed and washed regardless of the time of the day and week. This will supply a constant flow of traffic. Businesses will need their fleet cars washed during the week during regular business hours.
4.3 Service Business Analysis
Everything from local children raising money for their youth group on a Saturday by cleaning cars, to the automatic car wash machines, are competition for Soapy Rides. However, these two alternatives aim to meet the needs of the price-conscious individuals who are choosing the service simply so they do not have to clean the car themselves. Soapy Rides on the other hand, targets the qualityconscious individuals who value their car enough to spend Rs100-Rs150 per week to make it look good.
4.3.1 Competition and Buying Patterns
There is some other hand car wash shop in NFC.It is quite new and is trying to compete with automatic car washes by offering low prices. However, it is not targeting the customers who seek quality cleaning. The customers who Soapy Rides is targeting have their cars washed based on the quality of the job. They do not mind spending a little more each week to have their car washed and waxed in order to keep the paint work in excellent shape. The businesses that Soapy Rides targets will be more cost conscious, so prices will be approximately 30% less for these customers to promote volume usage.
Strategy and Implementation Summary
The key differentiator for Soapy Rides Car Wash is our team and business and personal connections within the NFC neighborhood. For this reason, the sales and marketing focus will be on a one-to-one basis, with the emphasis on gaining loyal and repeat customers as "friends" of the business. Soapy Rides, therefore, will depend on word-of-mouth advertising for the immediate community.
5.1 Competitive Edge
Soapy Rides' competitive edge will be management skills and the quality service. As mentioned, the family has been in the car business for over 30 years, and has an excellent reputation and a myriad of both business and personal contacts. In addition, Jaspreet and Rahul has put a great deal of emphasis on creating a system that is both fast and efficient, which will keep costs, in terms of time spent per car, to a minimum.
5.2 Sales Strategy
Sales strategy is on a one-to-one basis. All customers will feel they are a valued friend of Soapy Rides, and that all employees care about the care and upkeep of each vehicle. We must be aware that there are low switching costs in the car washing industry, so we have to work hard to develop and keep repeat customers.
5.2.1 Sales Forecast
The following chart forecasts sales based upon the Market Segmentation Strategy. Sales are seasonal in this industry, tending to be higher in the warmer summer months, and to drop off in the winter. However, we will aim to flatten sales across the sales cycle by targeting segments that will want to keep their cars clean and looking good year round.
2000000 car delearship details business fleet washes 1500000 end user detail interior wash 1000000 exterior wash full wash 500000
0 year 1 year 2 year 3
Year 1 Unit Sales Full Wash Exterior Wash Interior Clean End User Detail Business Fleet Washes Car Dealership Details Total Unit Sales Unit Prices Full Wash Exterior Wash Interior Clean End User Detail Business Fleet Washes Car Dealership Details Sales Full Wash Exterior Wash Interior Clean End User Detail Business Fleet Washes Car Dealership Details Total Sales 1,760 2,050 770 129 615 494 5,818 Year 1 Rs150.00 Rs90.00 Rs80.00 Rs1400.00 Rs100.00 Rs700.00 Rs26,4000 Rs18,4500 Rs6,1600 Rs18,0600 Rs6,1500 Rs34,5800 Rs109,8000 Year 2 2,288 2,665 1,001 193 923 642 7,712 Year 2 Rs150.00 Rs100.00 Rs90.00 Rs1450.00 Rs100.00 Rs750.00 Rs34,3200 Rs26,6500 Rs9,0090 Rs27,9850 Rs9,2250 Rs48,1500 Rs155,3390 Year 3 2,974 3,465 1,301 290 1,384 963 10,376 Year 3 Rs150.00 Rs120.00 Rs90.00 Rs1500.00 Rs100.00 Rs800.00 Rs44,6160 Rs41,5740 Rs11,7120 Rs43,4250 Rs13,8380 Rs77,0400 Rs232,2040
Direct Unit Costs Full Wash Exterior Wash Interior Clean End User Detail Business Fleet Washes Car Dealership Details Direct Cost of Sales Full Wash Exterior Wash Interior Clean End User Detail Business Fleet Washes Car Dealership Details Subtotal Direct Cost of Sales
Year 1 Rs07 Rs04 Rs03 Rs30.00 Rs07 Rs30 Rs1,2320 Rs8200 Rs2310 Rs3870 Rs4310 Rs1,4820 Rs4,5830
Year 2 Rs08 Rs04.5 Rs03.5 Rs35.0 Rs07.5 Rs35.0 Rs1,8300 Rs1,1990 Rs3500 Rs6760 Rs6920 Rs2,2470 Rs6,9940
Year 3 Rs09.0 Rs05.0 Rs04.0 Rs40.00 Rs08 Rs40.00 Rs2,6770 Rs1,7320 Rs5210 Rs1,1580 Rs1,1070 Rs3,8520 Rs11,0470
Team CMS is the owner and manager of Soapy Rides. In addition, he will be helped (on an unofficial basis) by our parents. Gaurav will also have the assistance of Arvind singh, the family accountant, in creating a long-term strategic vision for the company. Arvind is a family friend and has worked with the Gaurav family for 7 years.
6.1 Personnel Plan
Since car washing is a seasonal business, with business increasing in the warm summer months, and being busier on the weekends than during the week, Soapy Rides will rely on both temporary and part-time help. The company will hire one full-time car wash/detail specialist and one full-time car wash specialist when it opens for business. Although it will rely on temporary and part-time help, quality will not be compromised, since all washers and detailers will receive thorough training. The company will also hire an administrative assistant who will assist Jaspreet with paperwork and act as a receptionist. Personnel Plan
Owner Car Washers Admin/Sales Total People Total Payroll Year 1 Rs180,000 Rs30,2400 Rs13,4400 0 Rs61,6800 Year 2 Rs30,0000 Rs43,3120 Rs15,0000 0 Rs88,3120 Year 3 Rs40,0000 Rs51,1740 Rs22,0000 0 Rs113,1740
The following plan outlines the financial development of Soapy Rides. The business will be initially financed by a personal investment by CMS GROUP and will finance growth through cash flow. This will mean that the company will grow more slowly than it could, but it will ensure that Mark retains control over the direction of the company. In year three, it is hoped that the company will be able to open a second location. It is envisioned that an outside loan or equity funding will be sought at that time.
7.1 Important Assumptions
The financial projections for Soapy Rides are based on the following assumptions. These assumptions are thought to be quite conservative, as are the financial forecasts. General Assumptions
Plan Month Current Interest Rate Long-term Interest Rate Tax Rate Other Year 1 1 10.00% 10.00% 25.42% 0 Year 2 2 10.00% 10.00% 25.00% 0 Year 3 3 10.00% 10.00% 25.42% 0
7.2 Break-even Analysis
The table and chart below show the monthly break-even analysis calculations for Soapy Rides.
Break even analysis
8000 6000 4000 2000 0 0 -2000 -4000 -6000 -8000 -10000 70 140 210 280 350 420 490 560 630 700 770 brak even analysis
Break-even Analysis Monthly Units Break-even Monthly Revenue Break-even Assumptions: Average Per-Unit Revenue Average Per-Unit Variable Cost Estimated Monthly Fixed Cost
423 Rs7,974 Rs18.87 Rs0.79 Rs7,641
7.3 Projected Profit and Loss
The following Profit and Loss table illustrates income and expenses monthly for the first year, and annually for the next two years.
600000 500000 400000 300000 profit yearly 200000 100000 0 year 1 year 2 year 3
2500000 2000000 1500000 gross margin 1000000 500000 0 year 1 year 2 year 3
Pro Forma Profit and Loss
Sales Direct Cost of Sales Other Total Cost of Sales Gross Margin Gross Margin % Expenses Payroll Sales and Marketing and Other Expenses Depreciation Leased Equipment Utilities Insurance Rent Payroll Taxes Other Total Operating Expenses Profit Before Interest and Taxes EBITDA Interest Expense Taxes Incurred Net Profit Net Profit/Sales Year 1 Rs109,8000 Rs4,5830 Rs00 Rs4,5830 Rs105,2180 95.83% Rs61,6800 Rs2,6000 Rs2,0700 Rs00 Rs3,3250 Rs1,8000 Rs4,8000 Rs15,4200 Rs0 Rs91,6950 Rs13,5230 Rs15,5920 Rs0 Rs3,2040 Rs10,3180 9.40% Year 2 Rs155,3390 Rs6,9940 Rs00 Rs6,9940 Rs148,3450 95.50% Rs88,3120 Rs1,5500 Rs2,0700 Rs00 Rs3,5000 Rs1,8000 Rs5,5000 Rs22,0780 Rs00 Rs124,8100 Rs23,5350 Rs25,6050 Rs0 Rs5,8840 Rs17,6510 11.36% Year 3 Rs232,2040 Rs11,0470 Rs00 Rs11,0470 Rs221,1570 95.24% Rs113,1740 Rs1,7000 Rs2,0700 Rs00 Rs3,7500 Rs1,8000 Rs6,0000 Rs28,2940 Rs00 Rs156,7880 Rs64,3700 Rs66,4400 Rs0 Rs16,3610 Rs48,009 20.68%
7.4 Projected Cash Flow
The following Cash Flow table illustrates that if Soapy Rides meets projected sales, it will have positive cash flow after half a year of operations.
100000 net cash flow cash balance 50000
Pro Forma Cash Flow
Year 1 Cash Received Cash from Operations Cash Sales Cash from Receivables Subtotal Cash from Operations Additional Cash Received Sales Tax, VAT, HST/GST Received New Current Borrowing New Other Liabilities (interest-free) New Long-term Liabilities Sales of Other Current Assets Sales of Long-term Assets New Investment Received Subtotal Cash Received Expenditures Expenditures from Operations Cash Spending Bill Payments Year 2 Year 3
Rs93,3300 Rs13,0970 Rs106,4270 Rs0 Rs0 Rs0 Rs0 Rs0 Rs0 Rs0 Rs106,4270 Year 1 Rs61,6800 Rs33,0520
Rs132,0380 Rs21,9020 Rs153,9400 Rs0 Rs0 Rs0 Rs0 Rs0 Rs0 Rs00 Rs153,9400 Year 2 Rs88,3120 Rs46,8370
Rs197,3740 Rs32,4700 Rs229,8430 Rs0 Rs0 Rs0 Rs0 Rs0 Rs0 Rs0 Rs229,8430 Year 3 Rs113,1740 Rs67,7430
Subtotal Spent on Operations Additional Cash Spent Sales Tax, VAT, HST/GST Paid Out Principal Repayment of Current Borrowing Other Liabilities Principal Repayment Long-term Liabilities Principal Repayment Purchase Other Current Assets Purchase Long-term Assets Dividends Subtotal Cash Spent Net Cash Flow Cash Balance
Rs94,7320 Rs0 Rs0 Rs0 Rs0 Rs0 Rs0 Rs0 Rs94,7320 Rs11,6950 Rs20,3950
Rs135,1490 Rs0 Rs0 Rs0 Rs0 Rs0 Rs0 Rs0 Rs135,1490 Rs18,7910 Rs39,1860
Rs180,9170 Rs0 Rs0 Rs0 Rs0 Rs0 Rs0 Rs0 Rs180,9170 Rs48,9270 Rs88,1120
7.5 Projected Balance Sheet
Soapy Rides' balance sheet illustrates a healthy financial position for this new company. The monthly estimates are included in the appendix. Pro Forma Balance Sheet
Year 1 Assets Current Assets Cash Accounts Receivable Inventory Other Current Assets Total Current Assets Long-term Assets Long-term Assets Accumulated Depreciation Total Long-term Assets Total Assets Liabilities and Capital Current Liabilities Accounts Payable Current Borrowing Other Current Liabilities Subtotal Current Liabilities Long-term Liabilities Total Liabilities Paid-in Capital Retained Earnings Earnings Total Capital Total Liabilities and Capital Net Worth Year 2 Year 3
Rs20,3950 Rs3,3730 Rs6680 Rs1,0000 Rs25,4350 Rs10,0000 Rs2,0700 Rs7,9300 Rs33,3650 Year 1 Rs3,0970 Rs0 Rs0 Rs3,0970 Rs0 Rs3,0970 Rs30,0000 (Rs10,0500) Rs10,3180 Rs30,2680 Rs33,3650 Rs30,2680
Rs39,1860 Rs4,7720 Rs1,0190 Rs1,0000 Rs45,9760 Rs10,0000 Rs4,1400 Rs5,8600 Rs51,8360 Year 2 Rs3,9170 Rs0 Rs0 Rs3,9170 Rs0 Rs3,9170 Rs30,0000 Rs2680 Rs17,6510 Rs47,9190 Rs51,8360 Rs47,9190
Rs88,1120 Rs7,1330 Rs1,6090 Rs1,0000 Rs97,8540 Rs10,0000 Rs6,2100 Rs3,7900 Rs101,6440 Year 3 Rs5,7160 Rs0 Rs0 Rs5,7160 Rs0 Rs5,7160 Rs30,0000 Rs17,9190 Rs48,0090 Rs95,9290 Rs101,6440 Rs95,9290
7.6 Business Ratios
The following table contains important ratios for the car wash industry, as determined by the Standard Industry Classification (SIC) code, 7542. Ratio Analysis
Sales Growth Percent of Total Assets Accounts Receivable Inventory Other Current Assets Total Current Assets Long-term Assets Total Assets Current Liabilities Long-term Liabilities Total Liabilities Net Worth Percent of Sales Sales Gross Margin Selling, General & Administrative Expenses Advertising Expenses Profit Before Interest and Taxes Main Ratios Current Quick Total Debt to Total Assets Pre-tax Return on Net Worth Pre-tax Return on Assets Additional Ratios Net Profit Margin Return on Equity Activity Ratios Accounts Receivable Turnover Collection Days Inventory Turnover Accounts Payable Turnover Payment Days Total Asset Turnover Debt Ratios Debt to Net Worth Current Liab. to Liab. Liquidity Ratios Net Working Capital Interest Coverage Year 1 0.00% 10.11% 2.00% 3.00% 76.23% 23.77% 100.00% 9.28% 0.00% 9.28% 90.72% 100.00% 95.83% 86.59% 0.91% 12.32% 8.21 8.00 9.28% 44.68% 40.53% Year 1 9.40% 34.09% 4.88 57 5.45 11.67 27 3.29 0.10 1.00 Rs22,338 0.00 Year 2 41.47% 9.21% 1.97% 1.93% 88.69% 11.31% 100.00% 7.56% 0.00% 7.56% 92.44% 100.00% 95.50% 84.13% 0.74% 15.15% 11.74 11.48 7.56% 49.11% 45.40% Year 2 11.36% 36.83% 4.88 64 8.30 12.17 27 3.00 0.08 1.00 Rs42,059 0.00 Year 3 Industry Profile 49.48% 3.00% 7.02% 1.58% 0.98% 96.27% 3.73% 100.00% 5.62% 0.00% 5.62% 94.38% 100.00% 95.24% 74.45% 0.56% 27.72% 17.12 16.84 5.62% 67.10% 63.33% Year 3 20.68% 50.05% 4.88 62 8.41 12.17 25 2.28 0.06 1.00 Rs92,139 0.00 8.70% 9.50% 26.40% 44.60% 55.40% 100.00% 29.30% 27.80% 57.10% 42.90% 100.00% 0.00% 68.20% 1.50% 2.70% 1.53 0.88 57.10% 3.40% 8.00% n.a n.a n.a n.a n.a n.a n.a n.a n.a n.a n.a n.a
Additional Ratios Assets to Sales Current Debt/Total Assets Acid Test Sales/Net Worth Dividend Payout
0.30 9% 6.91 3.63 0.00
0.33 8% 10.26 3.24 0.00
0.44 6% 15.59 2.42 0.00
n.a n.a n.a n.a n.a
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