Operating Statements (thousands of dollars)

1986
Net sales
$ 728.00
Cost of goods sold
Beginning inventory

1987

Percent
Increase

1989

1,697.00

100% $

2,013.00

183.00

10.7837% $

239.00

$
$

1,278.00
1,461.00

75.3094% $
$

1,524.00
1,763.00

Ending inventory
Total cost of goods sold
Gross Profit
Operating expense
Interest expense
Net income before taxes

$
$
$
$
$
$

239.00
1,222.00
475.00
425.00
13.00
37.00

Provision for income taxes

Net income

$
$

6.00
31.00

Purchases

$ 1,103.00

1988

The percent of net sales between 1989 and 1990

The percent of net sales between 1990 and 1991
The difference between 1988-1989 and 1989-1990

14.0837%
72.0094%
27.9906%
25.0442%
$
7.00
2.1803%

$
$
$
$
$
$

326.00
1,437.00
576.00
515.00
20.00
41.00

0.3536% $
1.8268% $

7.00
34.00

74.7216%
74.8333%
6.0000

Percent
Increase

1990

100% $ 2,694.00
11.8728% $

Percent
Increase
100%

326.00

12.1010%

75.7079% $ 2,042.00
$ 2,368.00

75.7981%

16.1947%
71.3860%
28.6140%
25.5837%
$
13.00
2.0368%

$
418.00
$ 1,950.00
$
744.00
$
658.00
$
33.00
$
53.00

0.3477% $
1.6890% $

9.00
44.00

15.5160%
72.3831%
27.6169%
24.4246%
1.9673%
0.3341%
1.6333%

Expect
Percent
Increase for
1991

1991

$
0.1117%
12.2127% $

3,600.00

75.9098% $

3,592.08

15.6277%
72.4948%
27.7287%
24.5364%

$
$
$
$
$
2.0791% $

483.32
3,363.65
950.30
819.45
52.00
54.10

0.4458% $
1.7450% $

9.04
44.77

365.81

Balance Statement (thousands of dollar)

1988
Cash
Accounts receiveable, net

$
$

58.00
171.00

Inventory

$
$

239.00
468.00

Property, net
Total assets
Notes payable, bank
Notes payable, Mr. Stark
Notes Payable, trade
Notes Payable, National Bank
Accounts payable
Accured expenses

$
$
$
$
$
$
$
$

Long-term debt, current portion

Current liabilities

Current assets

Diferrence
between
1989
1988-1989
$
(10.00) $
48.00
$
51.00 $
222.00
$
$

326.00
596.00

Difference
between
1990
1989-1990
$
(7.00) $
41.00
$
95.00 $ 317.00

Expected
1991
$
$

34.00
456.00

180.00

$
$

140.00
736.00
146.00
192.00
30.00

$
$
$

17.00
197.00
87.00

$
$
$

$
$

64.00
9.00

$
$

157.00
933.00
233.00
###
###
###
256.00
39.00

$
$

7.00
375.00

$
$

160.00

$
$

7.00
535.00

$
$

7.00
778.00

$
$

(7.00) $
108.00 $

57.00
432.00

$
$

(7.00) $
153.00 $

50.00
585.00

$
$

43.00
821.00

$
$

34.00
142.00

304.00
736.00

$
$

44.00
197.00

348.00
933.00

$
402.00
$ 1,223.00

128.00

126.00
594.00
105.00
124.00
24.00

$
$

14.00
142.00

$
$

68.00
6.00

$
$
$
$
$
$
$
$

$
$

7.00
260.00

$
$

115.00

Long-term debt
Total liabilities

$
$

64.00
324.00

Net worth
Total liabilities and net worth

$
$

270.00
594.00

$
$

$
$

418.00
776.00

$
556.00
$ 1,046.00
$
177.00
$ 1,223.00
$
$
$
157.00
$
247.00
$
316.00
$
51.00