Ratio Analysis

2005 2006 2007 Industry Profile

Sales Growth 0.00% 4.94% 4.95% 3.96%

Percent of Total Assets

Inventory 20.10% 15.93% 13.27% 19.65%
Other Current Assets 6.14% 4.77% 3.90% 37.17%
Total Current Assets 78.51% 85.69% 90.26% 65.22%
Long-term Assets 21.49% 14.31% 9.74% 34.78%
Total Assets 100.00% 100.00% 100.00% 100.00%

Current Liabilities 23.14% 28.81% 24.13% 24.57%

Long-term Liabilities 105.24% 68.15% 44.54% 25.08%
Total Liabilities 128.38% 96.96% 68.67% 49.65%
Net Worth -28.38% 3.04% 31.33% 50.35%

Percent of Sales
Sales 100.00% 100.00% 100.00% 100.00%
Gross Margin 40.00% 41.70% 43.35% 32.20%
Selling, General & Administrative Expenses 40.11% 38.22% 35.79% 17.91%
Advertising Expenses 0.00% 0.00% 0.00% 1.57%
Profit Before Interest and Taxes 6.30% 8.80% 11.22% 0.87%

Main Ratios
Current 3.39 2.97 3.74 1.96
Quick 2.52 2.42 3.19 0.98
Total Debt to Total Assets 128.38% 96.96% 68.67% 61.35%
Pre-tax Return on Net Worth -100.04% 1180.13% 131.54% 3.41%
Pre-tax Return on Assets 28.39% 35.84% 41.22% 8.82%

Additional Ratios 2005 2006 2007

Net Profit Margin 3.50% 5.43% 7.28% n.a
Return on Equity 0.00% 826.09% 92.08% n.a

Activity Ratios
Inventory Turnover 10.82 17.1 17.1 n.a
Accounts Payable Turnover 18.75 12.17 12.17 n.a
Payment Days 27 24 30 n.a
Total Asset Turnover 5.67 4.62 3.96 n.a

Debt Ratios
Debt to Net Worth 0 31.93 2.19 n.a
Current Liab. to Liab. 0.18 0.3 0.35 n.a

Liquidity Ratios
Net Working Capital $45,100 $59,612 $84,845 n.a
Interest Coverage 4.86 8.36 13.66 n.a

Additional Ratios
Assets to Sales 0.18 0.22 0.25 n.a
Current Debt/Total Assets 23% 29% 24% n.a
Acid Test 2.52 2.42 3.19 n.a
Sales/Net Worth 0 152.27 12.65 n.a
Dividend Payout 0 0 0 n.a
 2005 2006 2007 Industry Profile
0.00% 4.94% 4.95% 3.96%

20.10% 15.93% 13.27% 19.65%

6.14% 4.77% 3.90% 37.17%
78.51% 85.69% 90.26% 65.22%
21.49% 14.31% 9.74% 34.78%
100.00% 100.00% 100.00% 100.00%

23.14% 28.81% 24.13% 24.57%

105.24% 68.15% 44.54% 25.08%
128.38% 96.96% 68.67% 49.65%
-28.38% 3.04% 31.33% 50.35%

100.00% 100.00% 100.00% 100.00%

40.00% 41.70% 43.35% 32.20%
40.11% 38.22% 35.79% 17.91%
0.00% 0.00% 0.00% 1.57%
6.30% 8.80% 11.22% 0.87%

3.39 2.97 3.74 1.96

2.52 2.42 3.19 0.98
128.38% 96.96% 68.67% 61.35%
-100.04% 1180.13% 131.54% 3.41%
28.39% 35.84% 41.22% 8.82%

2005 2006 2007

3.50% 5.43% 7.28% n.a
0.00% 826.09% 92.08% n.a

10.82 17.1 17.1 n.a

18.75 12.17 12.17 n.a
27 24 30 n.a
5.67 4.62 3.96 n.a

0 31.93 2.19 n.a

 0.18 0.3 0.35 n.a

$45,100 $59,612 $84,845 n.a

4.86 8.36 13.66 n.a

0.18 0.22 0.25 n.a

23% 29% 24% n.a
2.52 2.42 3.19 n.a
0 152.27 12.65 n.a
0 0 0 n.a
Ratio Analysis

Sales Growth

Percent of Total Assets

Inventory
Other Current Assets
Total Current Assets
Long-term Assets
Total Assets

Current Liabilities
Long-term Liabilities
Total Liabilities
Net Worth

Percent of Sales
Sales
Gross Margin

Selling, General & Administrative Expenses

Advertising Expenses
Profit Before Interest and Taxes

Main Ratios
Current
Quick
Total Debt to Total Assets
Pre-tax Return on Net Worth
Pre-tax Return on Assets

Additional Ratios
Net Profit Margin
Return on Equity

Activity Ratios
Inventory Turnover
Accounts Payable Turnover
Payment Days
Total Asset Turnover

Debt Ratios
Debt to Net Worth
Current Liab. to Liab.

Liquidity Ratios
Net Working Capital
Interest Coverage

Additional Ratios
Assets to Sales
Current Debt/Total Assets
Acid Test
Sales/Net Worth
Dividend Payout