| Balance Sheet |
| Assets | 2020 | 2019 | 2018 |
| Cash | 155,632 | 67,282 | 57,600 |
| Accts Receivable | 817,000 | 632,960 | 351,200 |
| Inventories | 1,396,480 | 1,287,360 | 715,200 |
| Total Current Assets | 2,369,112 | 1,987,602 | 1,124,000 |
| Gross fixed assets | 1,197,160 | 902,950 | 491,000 |
| Less accumulated depreciation | 370,140 | 263,160 | 146,200 |
| Net fixed assets | 827,020 | 639,790 | 344,800 |
| Total Assets | 3,196,132 | 2,627,392 | 1,468,800 |
| Liabilities and Equity |
| Accounts payable | 234,780 | 424,160 | 145,600 |
| Accruals | 506,444 | 289,616 | 136,000 |
| Notes payable | 301,112 | 636,808 | 200,000 |
| Total current liabilities | 1,042,336 | 1,350,584 | 481,600 |
| Long-term debt | 1,105,000 | 623,432 | 323,432 |
| Common stock | 681,176 | 460,000 | 460,000 |
| Retained Earnings | 367,620 | 193,376 | 203,768 |
| Total equity | 1,048,796 | 653,376 | 663,768 |
| Total liabilities and equity | 3,196,132 | 2,627,392 | 1,468,800 |
| Income Statement |
| | 2020 | 2019 | 2018 |
| Sales | 6,312,040 | 6,034,000 | 3,432,000 |
| Cost of goods sold | 5,028,393 | 5,288,000 | 2,864,000 |
| Gross Margin | 1,283,647 | 746,000 | 568,000 |
| Other operating expenses | 685,000 | 519,988 | 358,672 |
| EBITDA | 598,647 | 226,012 | 209,328 |
| Dep & amort | 145,264 | 53,986 | 18,900 |
| EBIT | 453,383 | 172,026 | 190,428 |
| Int Exp | 153,007 | 136,012 | 43,828 |
| EBT | 300,376 | 36,014 | 146,600 |
| Taxes | 105,132 | 14,406 | 58,640 |
| Net income | 195,244 | 21,608 | 87,960 |
| Additional Information |
| | 2020 | 2019 | 2018 |
| Earnings Per Share | $ 1.50 | $ 0.22 | $ 0.88 |
| Shares outstanding | 130,000 | 100,000 | 100,000 |
| Book Value per share | $ 8.07 | $ 6.53 | 6.64 |
| Tax Rate | 35.0% | 40.0% | 40.0% |
| Stock Price | $ 12.00 | $ 3.25 | $ 8.50 |
| Equity Multiplier - Industry Average | 2.00x |
| | 2020 | 2019 | 2018 | Ind Avg |
| Current | | 1.5x | 2.3x | 2.3x |
| Quick | | 0.5x | 0.8x | 0.9x |
| Days sales outstanding | | 38.2 days | 37.4 days | 48 days |
| Inventory turnover | | 4.7x | 4.8x | 6.1x |
| Fixed assets turnover | | 9.4x | 10.0x | 7.0x |
| Total assets turnover | | 2.3x | 2.3x | 2.6x |
| Debt to assets ratio | | 75.13% | 54.81% | 40.0% |
| TIE | | 1.3x | 4.3x | 6.2x |
| Gross margin | | 12.4% | 16.6% | 18.3% |
| Net Profit margin | | 0.4% | 2.6% | 3.5% |
| ROA | | 0.8% | 6.0% | 9.1% |
| ROE | | 3.3% | 13.3% | 18.2% |
| Price/earnings | | 14.8x | 9.6x | 14.2x |
| Market/book | | 0.5x | 1.3x | 2.4x |
| Dupont formula | | 3.31% | 13.3% | 18.2% |