SALZA TECHNOLOGY CORPORATION SALZA TECHNOLOGY CORPORATION

Balance Sheets as of December 31 Annual Income Statements

(in '000 USD) (in '000 USD)

2015 2016
Cash 39 16
Accounts receivable 50 80
Inventories 151 204
2015 2016
Total current assets 240 300
Gross fixed assets 200 290 Net sales 375 450
Less accumulated depreciation 95 Less: Cost of goods sold 225 270
125
Net fixed assets 105 165 Gross profit 150 180
Total assets 345 465 Less: Operating expenses 46 46
Less: Depreciation 25 30
2015 2016 Less: Interest 4 4
Accounts payable 30 45 Income before taxes 75 100
Bank loan 20 27 Less: Income taxes 20 30
Accrued liabilities 10 23 Net income 55 70
Total current liabilities 60 95
Long-term debt 15 15 Cash dividends 17 20
Common stock 85 120
Retained earnings 185 235
Total liabilities and equity 345 465
ROA = Laba Setelah Pajak / Total Aset
= [(NI 2016+2015) / (TA 2016+205)] x 100% = 15.43%

ROE = Laba Setelah Pajak / Rata-Rata Equitas x 100%

= {(70+55) / [(465+345)]} x 100%
= 3.7%

GPM = [(Net Sales ) – (COGS 2016-2015)] / (Net Sales 2016-2015) x 100%

= [75- 45] / 75 x 100% = 40%

NPM = (Net Income 2016-2015)/ (Net Sales 2016-2015) x 100%

= (70-55) / (450-375) x 100% = 20%

DER = Total Lialibility / Total Equity * 100%

Working Capt Ratio = Total Current Asset / Total Lialibities * 100%