2,021.00 2,020.

00
Cash 158,000.00 84,000.00
Short-term investments 130,000.00 192,000.00
Acccounts receivable 240,000.00 200,000.00
Inventory 500,000.00 530,000.00
Total current assets 1,028,000.00 1,006,000.00
Property plant and equipment 2,340,000.00 2,350,000.00
Total assets 3,368,000.00 3,356,000.00

Accounts payable 530,000.00 584,000.00

Current liabilities 530,000.00 584,000.00
Loans payable 800,000.00 840,000.00
Total liabilities 1,330,000.00 1,424,000.00
Owner's equity 2,038,000.00 1,932,000.00
Total liabilities and equity 3,368,000.00 3,356,000.00

Net sales 4,972,000.00 4,150,000.00

Cost of goods sold 3,046,000.00 2,444,000.00
Gross profit 1,926,000.00 1,706,000.00
Selling and admin expenses 1,556,000.00 1,500,000.00
Operating income 370,000.00 206,000.00
Interest expense 88,000.00 92,000.00
Income before income taxes 282,000.00 114,000.00
Income tax expense 94,000.00 42,000.00
Net income 188,000.00 72,000.00

2,021.00 2,020.00
1. Working capital 498,000.00 422,000.00
2. Current ratio 1.94 1.72
3. Quick ratio 1.00 0.82
4. Profit margin 3.78% 1.73%
5. Return on assets 5.58% 2.15%
6. Return on equity 9.22% 3.73%
7. Debt ratio 39.49% 42.43%
8. Equity ratio 60.51% 57.57%