Analysis. Use this section to present your findings, based on quantitative and qualitative analysis of the financial statements. Include a copy of the financial statements and any ratios or analysis in an appendix as support for your text. In particular, this section should cover:

c) Key Ratios. Use this section to discuss key performance indicators (ratios). Be sure to show your calculations for each indicator in an appendix. Specifically, you must look at:

1. Profitability: Accurately present and explain the significance of the profit margin, return on assets, return on equity, and return on capital ratios for this company. In other words, what are the ratio values for this company, and what do they suggest for informing decisions to buy or sell company shares or change management procedures?

2. Liquidity: Accurately present and explain the significance of the current, quick, and cash ratios for this company. In other words, what are the ratio values for this company, and what do they suggest for informing decisions to buy or sell company shares or change management procedures?

3. Debt: Accurately present and explain the significance of debt, debt-equity, and interest coverage ratios for this company. In other words, what are the ratio values for the company, and what do they suggest for informing decisions to buy or sell company shares or change management procedures?

4. Operating performance: Accurately present and explain the significance of the fixed-asset turnover ratio for this company. In other words, what is the ratio value for this company, and what does it suggest for informing decisions to buy or sell company shares or change management procedures?

5. Cash flow: Accurately present and explain the significance of the dividends payout ratio for this company. In other words, what is the ratio value for this company, and what does it suggest for informing decisions to buy or sell company shares or change management procedures?

6. Investment valuation: Accurately present and explain the significance of the price/book value, price/earnings, price/sales, and dividend yield ratios for this company. In other words, what are the ratio values for this company, and what do they suggest for informing decisions to buy or sell company shares or change management procedures?

Balance Sheet
(In Thousands) (USD)	2020	2019	2018
Total Assets	52148000	34309000	29739614
Current Assets	26717000	12103000	8306308
Total Liabilities	29923000	27691000	24816371
Long Term Debt	9556000	11634000	9403672
Stockholders' Equity	22225000	6618000	4923243
Total Assets per Share	54.32	37.91	34.46
Current Liabilities	14248000	10667000	9992136
Net Assets per Share	23.15	7.31	5.7
Income Statement
(In Thousands) (USD)	2020	2019	2018
Total Revenue	31536000	24578000	21461268
EBITDA	3442000	1346000	743793
Operating Income	1994000	-69000	-388073
Net Income	721000	-862000	-976091
Revenue per Share	33.71	27.77	25.17
EPS from Continuing Operations	0.64	-0.98	-1.14
EPS - Net Income - Diluted	0.64	-0.98	-1.14
Share Outstanding	960000	905000	863015
Weighted Average Shares Outstanding - Basic	933000	885000	852625
Weighted Average Shares Outstanding - Diluted	1083000	885000	852625
Earnings per Share - Basic	0.74	-0.98	-1.14
Cash Flow
(In Thousands) (USD)	2020	2019	2018
Cash from Operations	5943000	2405000	2097802
Cash from Investing	-3132000	-1436000	-2337428
Cash from Financing	9973000	1529000	573755
Capital Expenditures	3157000	1327000	2100724
Cash Flow per Share	5.49	2.72	2.46
Cash & Cash Equivalents, Beginning of Year	6783000	4277000	3964959
Cash & Cash Equivalents, End of Year	19901000	6783000	4276388