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	Oceanview Marine Company
	Ratio Analysis
	December 31, 2015
	Unadjusted			PERCENT	INDUSTRY
LIQUIDITY RATIOS:	12/31/2015	12/31/2014	CHANGE	CHANGE	AVERAGE
Current ratio
current assets / current liabilities	2.31	2.49	-0.18	-7.23%	1.53
Quick ratio
(current assets inventory) / current liabilities	0.42	0.40	0.02	5.00%	0.43
Sales / Receivables
net sales / net ending receivables	16.05	17.78	-1.73	-9.73%	20.29
Number of days sales in A/R
net ending receivables / (net sales / 365)	?	?	?	?	17.99
Inventory turnover
cost of sales / average inventory	?	?	?	?	1.41
PROFITABILITY/PERFORMANCE RATIOS:
Gross profit margin (%)	?	?	?	?
gross profit / net sales	?	?	?	?	23.83%
Income before taxes / Owners equity
net income before taxes / total owners equity					0.06
Income before taxes / Total assets
net income before taxes / total assets	0.06	0.04	0.02	50.00%	0.04
Sales / Long-term assets
net sales / net long-term assets	44.29	37.33	6.96	18.64%	19.07
Sales / Total assets
net sales / total assets	1.54	1.49	0.05	3.36%	1.32
Sales / Working capital
net sales / (current assets current liabilities)	2.82	2.59	0.23	8.88%	2.18
SOLVENCY RATIOS:
Owners Equity / Total assets
total stockholders equity / total assets	0.56	0.59	-0.03	-5.08%	0.31
Long-term assets / Owners equity
net long-term assets / total stockholders equity	0.06	0.07	-0.01	-14.29%	0.47
Current liabilities / Owners equity
current liabilities / total stockholders equity	?	?	?	?	1.13
Total Liabilities / Owners equity
total liabilities / total stockholders equity	?	?	?	?	2.03
OCEANVIEW MARINE COMPANY Balance Sheet December 31, 2015 PBC ASSETS 2015 2014 2013 Current Assets Cash $1,320,096 $1,089,978 $1,200,347 Accounts receivable: net (Notes 2 and 5) 1,646,046 1,285,593 1,180,982 Inventories (Notes 1(a), 3, and 5) 13,524,349 12,356,400 11,461,231 Prepaid expenses 17,720 15,826 15,275 Deposits 7,916 5,484 4,329 Total Current Assets 16,516,127 14,753,281 13,862,164 Property, Plant, and Equipment (Notes 1(b) and 4) At cost, less accumulated depreciation 596,517 612,480 627,771 TOTAL ASSETS $17,112,644 $15,365,761 $14,489,935 LIABILITIES Current Liabilities Note payable -- Bank (Note 5) $5,100,000 $4,250,000 $4,000,000 Accounts payable 1,750,831 1,403,247 1,106,574 Accrued liabilities 257,800 217,003 211,250 Federal income taxes payable 35,284 45,990 39,725 Current portion of long-term debt (Note 6) 5,642 5,642 5,642 Total Current Liabilities 7,149,557 5,921,882 5,363,191 Long-term Liabilities Long-term debt (Note 6) 409,824 415,466 421,108 TOTAL LIABILITIES 7,559,381 6,337,348 5,784,299 STOCKHOLDERS EQUITY Common stock (Note 7) 10,000 10,000 10,000 Additional paid-in capital 2,500,000 2,500,000 2,500,000 Retained earnings 7,043,263 6,518,413 6,195,636 Total Stockholders Equity 9,553,263 9,028,413 8,705,636 TOTAL LIABILITIES AND STOCKHOLDERS EQUITY $17,112,644 $15,365,761 $14,489,935 The accompanying notes are an integral part of these financial statements

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