Calculate ROIC Basic earning power 1 The Great Louisiana Cheese Empire (GLCE) 2 Balance Sheet 3 4 Assets 5 Cash A/R 5 2 3 Inventories Total CA Gross FA 10 Less: Deprec 1 Net FA 2 Total Assets 3 4 Liabilities and Equity 5 A/P 5 Accruals 7 Notes Payable Total CL Long-term debt O Common stock 2 Retained earnings Total Equity Total L&E Income Statement # Sales COGS Other expenses EBITDA Deprec. & Amort. EBIT Interest exp EST Taxes (40%) Net Income Other Data No. of shares EPS OPS Stock price Lease PMTS 2019 2018 7,282 57,600 632,160 351,200 1.287.360 715,200 1926802 1124000 1,202,950 491,000 263,160 146,200 939790 344800 2866592 1468800 2019 524,160 489,600 636,808 1650568 723,432 460,000 460,000 32,592 203,768 492592 663768 2866592 1468800 2018 2019 6,034,000 3,432,000 5,528,000 2,864,000 $19,988 -13988 116,960 130948 136,012 -266960 -106784 160126 2018 145,600 136,000 200,000 481600 323,432 2019 100000 -1.60176 0.11 2.25 40000 358,672 209328 18,900 190428 43,828 146600 58640 87960 2018 100000 0.8796 0.11 8.53 40000