FWE Performance Highlights Year 6: Financial

31/8/2020 GLO-BUS Decisions & Reports
FWE PERFORMANCE HIGHLIGHTS Year 6

(Industry 3)
Financial Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Year 11 Year 12 Year 13 Year 14 Year 15
EPS (earnings per share) $0.75 $2.88
ROE (return on equity) 14.0% 40.1%
Stock Price $12.00 $94.96
Credit Rating B A–
Image Rating 70 76
Net AC Camera 188,637 259,103
Revenues UAV Drone 145,491 213,770
($000s)
Total 334,128 472,873
AC Camera North America 285.0 301.9
Sales Market Share 12.5% 12.5%
(000s of units)
Europe-Africa 240.0 251.6
Market Share 12.5% 12.4%
Asia-Pacific 185.0 224.3
Latin America 130.0 162.1
Total 840.0 939.9
UAV Drone North America 52.0 60.3
Sales Market Share 12.5% 13.0%
(000s of units)
Europe-Africa 43.0 48.2
Asia-Pacific 28.0 39.9
Latin America 17.0 23.6
Total 140.0 172.0
Strategic / Operating Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Year 11 Year 12 Year 13 Year 14 Year 15
PQ Rating AC Camera 4.0★ 4.8★
UAV Drone 4.0★ 4.8★
Compensation AC Camera 25,000 22,658
($ per PAT member) UAV Drone 25,000 26,166
PAT Productivity AC Camera 3,000 2,797
(units per PAT) UAV Drone 1,500 1,566
Labor Cost AC Camera 33.67 35.00
($/unit assembled) UAV Drone 65.38 58.93
Production Cost AC Camera 156.97 152.43
($/unit assembled) UAV Drone 806.22 826.62
Marketing Cost AC Camera 17.73 39.07
($ per unit sold) UAV Drone 77.71 123.78
Operating Profit AC Camera 29.33 62.69
($ per unit sold) Margin 13.1% 22.7%
UAV Drone 65.75 195.06
Margin 6.3% 15.7%
Earnings Per Share (EPS)
Earnings Per Share (EPS) – F Company

EPS
$3
$2
EPS
$1
$0
5 6 7 8 9 10 11 12 13 14 15
Year
Copyright © 2019 GLO-BUS Software, Inc. Page 1
https://www.glo-bus.com/users/program/cor/performance-highlights 1/6
FWE ASSEMBLY AND FACILITY OPERATIONS Year 6
(Industry 3)
Action-Capture Cameras UAV Drones

AC Camera Production UAV Drone Production
Units Assembled (000s) Product Attributes Units Assembled (000s) Product Attributes
Regular-Time 783.0 Extra Performance Features 4 Regular-Time 157.0 Extra Performance Features 6
Overtime 156.9 Number of Models 2 Overtime 15.0 Number of Models 2
Total 939.9 P/Q Rating 4.8  Total 172.0 P/Q Rating 4.8 
Product R&D Expenditures in Year 6 ($000s) $ 3,000 Product R&D Expenditures in Year 6 ($000s) $ 3,000
Cumulative Product R&D Expenditures ($000s) $ 48,000 Cumulative Product R&D Expenditures ($000s) $ 33,000
AC Camera Assembly Facility UAV Drone Assembly Facility
Space Available for Workstations (at end of Year 5) 300 spaces Space Available for Workstations (at end of Year 5) 110 spaces
New Spaces Added (facility expansion at begin. of Y6) 0 New Spaces Added (facility expansion at begin. of Y6) 0
Space Available for ACC Workstations (in Year 6) 300 spaces Space Available for Drone Workstations (in Year 6) 110 spaces
Installed Workstations (at end of Year 5) 280 workstations Installed Workstations (at end of Year 5) 100 workstations
New workstations Added (at beginning of Y6) 0 New workstations Added (at beginning of Y6) 0
Total Installed Workstations (available for use in Y6) 280 workstations Total Installed Workstations (available for use in Y6) 100 workstations
Investment in AC Camera Facility ($000s) Investment in UAV Drone Facility ($000s)

Beginning New Year 6 Beginning New Year 6
Gross Year 6 Facilities Gross Year 6 Facilities
Investment Investment Investment Investment Investment Investment
Plant Facility $ 120,000 $ 1,250 $ 121,250 Plant Facility $ 90,000 $ 1,250 $ 91,250
Workstations 30,000 0 30,000 Workstations 10,000 0 10,000
Robotics Upgrade 0 0 0 Robotics Upgrade 0 0 0
Total (Gross) Investment in AC Camera Facilities $ 151,250 Total (Gross) Investment in UAV Drone Facilities $ 101,250
– Accumulated Depreciation (at the end of Year 5) 37,500 – Accumulated Depreciation (at the end of Year 5) 10,000
– Current-Year Depreciation (5% of gross investment) 7,563 – Current-Year Depreciation (5% of gross investment) 5,063
Net Investment in AC Camera Facilities $ 106,187 Net Investment in UAV Drone Facilities $ 86,187
AC Camera Work Force Statistics UAV Drone Work Force Statistics
Year 6 $ Per Year 6 $ Per
Decisions Worker Decisions Worker
Base Wage Per PAT Member +2% $ 20,808 Base Wage Per PAT Member +4% $ 21,216
Incentive Bonus (to reduce warranty claims) $2.40 / unit 1,800 Incentive Bonus (to reduce warranty claims) $5.20 / unit 1,950
Attendance Bonus (for perfect attendance) $50 / worker 50 Attendance Bonus (for perfect attendance) $1,000 / worker 1,000
Fringe Benefit Package $0 / worker 0 Fringe Benefit Package $2,000 / worker 2,000
Total Compensation (annual pay per worker) $ 22,658 Total Compensation (annual pay per worker) $ 26,166
Best Practices / Productivity Improvement Training ($/PAT) $ 1,000 Best Practices / Productivity Improvement Training ($/PAT) $ 1,000
PAT Productivity (units assembled per PAT per year) 2,797 PAT Productivity (units assembled per PAT per year) 1,566
Number of PATs Employed (for AC camera assembly) 280 Number of PATs Employed (for AC camera assembly) 101
× Number of Workers Per PATs (no robotics upgrade) × 4 × Number of Workers Per PATs (no robotics upgrade) × 4
Total Number of Workers Employed 1,120 Total Number of Workers Employed 404
AC Camera Production and Assembly Costs UAV Drone Production and Assembly Costs
$000s $ / Unit $000s $ / Unit
AC Camera Image Sensor 9,399 10.00 UAV Drone Built-In Camera 29,544 171.77
Components LCD Display Screen 9,399 10.00 Components GPS / WiFi / Bluetooth 8,600 50.00
and Features Image Quality 7,519 8.00 and Features Battery Pack 21,500 125.00
Photo Modes 8,459 9.00 Rotors / Performance / Controller 6,880 40.00
Camera Housing 9,399 10.00 Body Frame Construction 2,924 17.00
Editing / Sharing 9,399 10.00 Obstacle Sensors 15,824 92.00
Included Accessories 10,339 11.00 Camera Stabilization Device 3,096 18.00
Extra Performance Features 13,159 14.00 Extra Performance Features 21,156 123.00
Total Cost of Components and Features 77,072 82.00 Total Cost of Components and Features 109,524 636.77
Assembly Regular-Time Labor 25,240 26.85 Assembly Regular-Time Labor 8,803 51.18
Labor Overtime Labor 7,380 7.85 Labor Overtime Labor 1,232 7.16
Costs PAT Training 280 0.30 Costs PAT Training 101 0.59
Total Cost of Labor and Training 32,900 35.00 Total Cost of Labor and Training 10,136 58.93
Product R&D Expenditures 3,000 3.19 Product R&D Expenditures 3,000 17.44
Allowance for Warranty Repairs (21.5% claims) 10,085 10.73 Allowance for Warranty Repairs (9.2% claims) 4,770 27.73
Plant Operations and Maintenance 12,650 13.46 Plant Operations and Maintenance 9,685 56.31
Depreciation of Plant and Equipment 7,563 8.05 Depreciation of Plant and Equipment 5,063 29.44
Total Camera Production/Assembly Cost 143,270 152.43 Total Drone Production/Assembly Cost 142,178 826.62
FWE AC CAMERAS – MARKET SEGMENT PERFORMANCE Year 6
(Industry 3)
Regular AC Camera Sales North America Europe-Africa Asia-Pacific Latin America Overall
Revenue-Cost-Profit Breakdown $000s $ / Unit $000s $ / Unit $000s $ / Unit $000s $ / Unit $000s
Revenues Gross Revenues 93,891 311.00 78,248 311.00 53,159 237.00 34,852 215.00 260,150
– Promo Discounts -451 -1.49 -376 -1.49 -133 -0.59 -87 -0.54 -1,047
± Exchange Rate Adj. 0 0.00 0 0.00 0 0.00 0 0.00 0
Net Revenues 93,440 309.51 77,872 309.51 53,026 236.41 34,765 214.47 259,103
Production Costs (components / assembly) 49,079 162.57 38,137 151.58 32,539 145.07 23,514 145.06 143,269
Delivery Shipping 1,510 5.00 1,258 5.00 1,122 5.00 811 5.00 4,701
Costs Import Duties 0 0.00 3,130 12.44 3,190 14.22 2,091 12.90 8,411
Marketing Retailer Support 1,912 6.33 2,200 8.74 1,570 7.00 1,570 9.69 7,252
Costs Advertising 8,000 26.50 5,900 23.45 4,380 19.53 920 5.68 19,200
Website Expenditures 4,508 14.93 4,600 18.28 579 2.58 579 3.57 10,266
Administrative Expenses 2,275 7.54 1,896 7.54 1,691 7.54 1,222 7.54 7,084
Operating Profit 26,156 86.64 20,751 82.48 7,955 35.47 4,058 25.03 58,920
Operating Profit Margin 28.0% 26.6% 15.0% 11.7% 23%
Unit Demand and Sales Units Market Units Market Units Market Units Market Market
(000s) Share (000s) Share (000s) Share (000s) Share Share
Projected Demand (from decision entries) 327.6 13.6% 269.2 13.3% 228.7 14.1% 208.5 18.4% 14.6%
Actual Demand (as determined by competition
among rival companies in Y6) 293.4 12.1% 244.5 12.0% 218.2 12.9% 157.7 13.4% 12.5%
Units Gained/Lost (due to stock-outs) 8.5 7.1 6.1 4.4
Total Units Assembled and Shipped 301.9 12.5% 251.6 12.4% 224.3 13.3% 162.1 13.8% 12.9%
Retail Outlets Year 6 Year 7 Year 6 Year 7 Year 6 Year 7 Year 6 Year 7
Number of Multi-Store Chains 36 44 30 39 24 33 18 24 Number of retail
outlets willing to
Outlets Online Retailers 72 94 60 82 48 67 36 53 carry the compa-
ny's brand of AC
Local Retail Shops 3,000 3,891 2,500 3,309 2,000 2,715 1,000 1,756 cameras.
Special AC Camera Contracts North America Europe-Africa Asia-Pacific Latin America Overall
Discount Offer (% off of standard price) No No No No 0 Offers
0.0% Offer 0.0% Offer 0.0% Offer 0.0% Offer Accepted
Value Index of Units Offered 0 0 0 0
Units Assembled / Sold (000s) 0.0 units 0.0 units 0.0 units 0.0 units 0.0 units
Incremental Revenues-Costs-Margins $000s $ / Unit $000s $ / Unit $000s $ / Unit $000s $ / Unit $000s
Revenues Gross Revenues 0 0.00 0 0.00 0 0.00 0 0.00 0
Net Revenues 0 0.00 0 0.00 0 0.00 0 0.00 0
Less: Cost of Components / Features 0 0.00 0 0.00 0 0.00 0 0.00 0
Assembly Labor Costs 0 0.00 0 0.00 0 0.00 0 0.00 0
Allowance for Warranty Repairs 0 0.00 0 0.00 0 0.00 0 0.00 0
Delivery (shipping and import duties) 0 0.00 0 0.00 0 0.00 0 0.00 0
Contribution Margin 0 0.00 0 0.00 0 0.00 0 0.00 0
All AC Camera Operations North America Europe-Africa Asia-Pacific Latin America Overall
Revenue-Cost-Profit Breakdown $000s $000s $000s $000s $000s
Net Revenues 93,440 77,872 53,026 34,765 259,103
Operating Production Costs 49,079 38,137 32,539 23,514 143,269
Costs Delivery (shipping / duties) 1,510 4,388 4,312 2,902 13,112
Marketing Costs 14,420 12,700 6,529 3,069 36,718
Administrative Costs 2,275 1,896 1,691 1,222 7,084
Operating Profit 26,156 20,751 7,955 4,058 58,920
Operating Profit Margin 28.0% 26.6% 15.0% 11.7% 22.7%
Warranty Period / Claims / Costs
Warranty Period Offered in Year 6 360 days 180 days 60 days 60 days
Anticipated Warranty Claim Rate 41.8% 19.8% 6.8% 6.8% 21.5%
Allowance for Warranty Repairs ($000s) 6,300 2,485 755 545 10,085
Warranty Repair Cost ($ per unit sold) 20.87 9.88 3.37 3.36 10.73
FWE UAV DRONES – MARKET SEGMENT PERFORMANCE Year 6
(Industry 3)
Direct Online Sales North America Europe-Africa Asia-Pacific Latin America Overall
Revenues Gross Revenues 57,505 1,325.00 46,068 1,320.00 37,515 1,230.00 21,594 1,220.00 162,682
Net Revenues 57,505 1,325.00 46,068 1,320.00 37,515 1,230.00 21,594 1,220.00 162,682
Delivery Shipping 2,604 60.00 2,094 60.00 1,830 60.00 1,062 60.00 7,590
Costs Import Duties 0 0.00 1,843 52.81 2,251 73.80 1,296 73.22 5,390
Marketing Website Expenditures 2,400 55.30 2,500 71.63 2,300 75.41 1,600 90.40 8,800
Costs Search Engine Advertising 2,500 57.60 1,930 55.30 2,000 65.57 1,400 79.10 7,830
Administrative Expenses 434 10.00 349 10.00 305 10.00 177 10.00 1,265
Operating Profit 13,424 309.31 8,702 249.34 3,793 124.36 1,310 74.01 27,229
Direct Online Sales (000s of units) 43 units 35 units 31 units 18 units 126.5 units
% of Total UAV Drone Unit Sales 72.0% 72.5% 76.5% 75.0% 73.5%
3rd-Party Online Retailers North America Europe-Africa Asia-Pacific Latin America Overall
Revenues Gross Revenues 19,481 1,152.72 15,098 1,135.19 10,175 1,082.45 6,334 1,073.56 51,088
Net Revenues 19,481 1,152.72 15,098 1,135.19 10,175 1,082.45 6,334 1,073.56 51,088
Delivery Shipping 169 10.00 133 10.00 94 10.00 59 10.00 455
Costs Import Duties 0 0.00 604 45.41 611 65.00 380 64.41 1,595
Retailer Recruitment / Support 2,000 118.34 1,260 94.74 800 85.11 600 101.69 4,660
Administrative Expenses 169 10.00 132 9.92 94 10.00 59 10.00 454
Operating Profit 3,074 181.89 2,063 155.11 865 92.02 320 54.24 6,322
3rd-Party Sales (000s of units) 16.9 units 13.3 units 9.4 units 5.9 units 45.5 units
% of Total UAV Drone Unit Sales 28.0% 27.5% 23.5% 25.0% 26.5%
Number of online
Retail Outlets Year 6 Year 7 Year 6 Year 7 Year 6 Year 7 Year 6 Year 7 retailers willing to
carry the compa-
Number of 3rd-Party Online Retailers 36 46 30 33 24 28 18 26 ny's brand of UAV
drones.
All UAV Drone Operations North America Europe-Africa Asia-Pacific Latin America Overall
Revenue-Cost-Profit Breakdown $000s $000s $000s $000s $000s
Net Revenues 76,986 61,166 47,690 27,928 213,770
Operating Production Costs 50,212 39,556 32,747 19,665 142,180
Costs Delivery (shipping / duties) 2,773 4,674 4,786 2,797 15,030
Marketing Costs 6,900 5,690 5,100 3,600 21,290
Administrative Costs 603 481 399 236 1,719
Operating Profit 16,498 10,765 4,658 1,630 33,551
Unit Demand and Sales Units Market Units Market Units Market Units Market Market
(000s) Share (000s) Share (000s) Share (000s) Share Share
Projected Demand (from decision entries) 66.4 13.8% 56.7 14.2% 38.0 14.4% 25.2 15.7% 14.3%
Actual Demand (as determined by competition
among rival companies in Y6) 60.3 13.0% 48.2 12.6% 39.9 15.6% 23.6 15.5% 13.8%
Units Gained/Lost (due to stock-outs) 0.0 0.0 0.0 0.0
Total Units Assembled and Shipped 60.3 13.0% 48.2 12.6% 39.9 15.6% 23.6 15.5% 13.8%
Warranty Period / Claims / Costs
Warranty Period Offered in Year 6 90 days 60 days 60 days 90 days
Anticipated Warranty Claim Rate 11.3% 7.2% 7.2% 11.3% 9.2%
Allowance for Warranty Repairs ($000s) 2,040 1,050 870 811 4,771
Warranty Repair Cost ($ per unit sold) 33.83 21.78 21.80 34.36 27.74
FWE FINANCIAL STATEMENTS Year 6
(Industry 3)
Income Statement ($000) North Europe Asia Latin Company Notes to Income Statement
America Africa Pacific America Total
AC Camera Revenues 93,440 77,872 53,026 34,765 259,103 ¹ Revenues listed here have been ad-
UAV Drone Revenues 76,986 61,166 47,690 27,928 213,770 justed for promotional discounts and
exchange rates. See the Market Seg-
Total Revenues¹ 170,426 139,038 100,716 62,693 472,873 ment Performance reports for details
Cost of Goods Sold 99,291 77,693 65,286 43,179 285,449 on promotional discount and ex-
change rate adjustments to revenues.
Delivery Costs 4,283 9,062 9,098 5,699 28,142
Marketing Costs 21,320 18,390 11,629 6,669 58,008 ² Other Income (Expense) will include
Administrative Expenses 2,878 2,377 2,090 1,458 8,803 charitable contributions, instructor-
imposed fines (appearing as nega-
Operating Profit (Loss) 42,654 31,516 12,613 5,688 92,471 tive), and instructor-awarded refunds
(appearing as positive).
Interest Income (Expense) -10,300 ³ The income tax rate is 30%. If a net
Profitability and Payout Year 5 Year 6 Other Income (Expense)² 0 loss was recorded in Year 5, the loss
Pre-Tax Profit (Loss) 82,171 is carried forward and may offset
Earnings Per Share $0.75 $2.88 some or all taxable Year 6 profit and
Dividends Per Share $0.00 $0.00 Income Taxes³ 24,651 reduce the company's tax liability in
Net Profit (Loss) 57,520 Year 6.
Balance Sheet Cash Flow Statement

Assets $000s Cash Available in Year 6 $000s
Cash on Hand 44,791 Beginning Cash Balance (carried over from Year 5) 5,000
Accounts Receivable (see Note 1) 77,548 Cash Receipts from Sales (see Note 1) 451,352
Component Inventories (see Note 2) 18,660 Inflows Bank Loan 1-Year 0
Total Current Assets 140,999 5-Year 0
Gross Investment in Plant and Equipment 252,500 10-Year 0
Less Accumulated Depreciation 60,126 Stock Issue (0 shares isued @$12.00) 0
Total Fixed Asset Investment (see Note 3) 192,374 Loan to Cover Overdraft 0
Interest on Year 5 Cash Balance 50
Total Assets 333,373 Cash Refund (awarded by instructor) 0
Liabilities $000s Total Cash Available (from all sources) 456,402
Accounts Payable (see Note 4) 51,314 Cash Outlays in Year 6 $000s
Overdraft Loan Payable (see Note 5) 0
1-Year Bank Loan Payable (see Note 6) 0 Payments to Component Suppliers (see Note 2) 176,931
Current Portion of Long-Term Loans (see Note 7) 16,000 Production and Assembly Expenses (see Note 3) 86,226
Delivery, Marketing, and Administrative Expenses 94,953
Total Current Liabilities 67,314 Capital Outlays New Workstations 0
Long-Term Bank Loans (see Note 8) 94,000 Robotics Upgrades 0
Total Liabilities 161,314 Facilities Expansion 0
Beginning Change Facilities Improvements (CSRC) 2,500
Shareholder Equity Balance in Year 6 $000s Repayment of Overdraft Loan 0
Common Stock (see Note 9) 10,000 0 10,000 Bank Loan 1-Year Loan 0
Additional Capital (see Note 10) 80,000 0 80,001 Principal 5-Year Loan 0
(see Note 4)
Retained Earnings 24,538 +57,520 82,058 10-Year Loan 16,000
Total Shareholder Equity 114,538 +57,521 172,059 Interest Payments Year 6 Overdraft Loan 0
Bank Loans (1-year, 5-year, 10-year) 10,350
Return on Average Equity (see Note 11) 40.1% Stock Repurchases (0 shares repurchased @ $12.00) 0
Notes to Balance Sheet (all dollar and share figures in thousands) Income Tax Payments 24,651
Note 1: Accounts receivable equals 25% of the camera revenues and 3rd-party drone
Dividend Payments to Shareholders 0
revenues generated in Year 6 (to be collected in Year 7). Charitable Contributions 0
Note 2: A 10% reserve of camera and drone components is kept at all times. Cash Fines (assessed by instructor) 0
Note 3: For more details, see the Assembly and Facility Operations report. Total Cash Outlays 411,611
Note 4: Accounts payable equals 25% of the cost of camera and drone components
used in Year 6 (to be paid in Year 7). Net Cash Balance ($000s at the end of Year 6) 44,791
Note 5: Loans for overdrafts carry an interest rate 2% above the 1-year loan rate. Notes to Cash Flow Statement
Note 6: The company's 1-year bank loan interest rate in Year 6 was 5.5%.
Note 1: Receipts from sales equals all direct-sale drone revenues plus 75% of camera
Note 7: Principal amount of 5-year and 10-year bank loans due to be paid in Year 7. and 3rd-party drone revenues generated in Year 6.
Note 8: Long-term bank loans outstanding: Note 2: Payments to component suppliers equals 75% of the cost of components used
Out- Annual Year 7 in Year 6 and 25% of the cost of components used in Year 5.
Loan Initial Original Interest standing Principal Interest
No. Year Principal Rate Term Principal Payment Payable Note 3: Production and assembly expenses include all Year 6 production-related ex-
penses except for depreciation (which is a non-cash accounting charge).
1 Y1 60,000 7.5% 10-Yr 30,000 6,000 2,250 Note 4: Overdraft and 1-year loans received in Year 5 were repaid in full in Year 6.
2 Y4 20,000 8.5% 10-Yr 16,000 2,000 1,360 Interest on overdraft and 1-year loans received in Y5 was also paid in Y6.
3 Y4 80,000 8.5% 10-Yr 64,000 8,000 5,440
4
5
6 Selected Financial Statistics
7
8 Credit Debt / Equity Percentage (Debt : Equity) 48:52
9 Rating Interest Coverage Ratio (oper. prof. ÷ int. exp.) 8.98
10 Measures Current Ratio (current assets ÷ current liabilities) 2.09
11
12 Credit Rating (at the end of Year 6) A–
Note 9: There are 20,000 shares of stock outstanding at a par value of $0.50 per share. Operating Profit Margin (operating profit ÷ net sales revenues) 19.6%
Note 10: Total $ amount above par value that shareholders paid to purchase stock. Net Profit Margin (net profit ÷ net sales revenues) 12.2%
Note 11: The formula for Return After-Tax Profit Dividend Payout (dividend per share ÷ earnings per share) 0.0%
on Average Equity is: (Beginning Equity + Ending Equity) ÷ 2 Market Capitalization ($94.96 stock price × 20,000 shares ) $1,899,200
Note: Because unit demand and unit sales figures are rounded to the nearest 100 units, minor anomalies in the company's financial statements may occasionally occur. Any rounding
inconsistencies that do appear will be smaller than ±$10 and will likely average-out over time. Such rounding anomalies have no significant impact on company performance.

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FWE Performance Highlights Year 6: Financial

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31/8/2020 GLO-BUS Decisions & Reports

FWE PERFORMANCE HIGHLIGHTS Year 6

Earnings Per Share (EPS)

Earnings Per Share (EPS) – F Company

Copyright © 2019 GLO-BUS Software, Inc. Page 1

Action-Capture Cameras UAV Drones

Investment in AC Camera Facility ($000s) Investment in UAV Drone Facility ($000s)

Copyright © 2019 GLO-BUS Software, Inc. Page 2

Copyright © 2019 GLO-BUS Software, Inc. Page 3

Copyright © 2019 GLO-BUS Software, Inc. Page 4

Balance Sheet Cash Flow Statement

Copyright © 2019 GLO-BUS Software, Inc. Page 5

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