Anda di halaman 1dari 28

Since 1996, JaxWorks has offered a suite of Free Excel workbooks and spreadsheets, and associated MS Word, PDF

and HTML
documents, that cover a number of financial, accounting and sales functions. These are invaluable small business tools.
Also included Free are:
- business plan tools, including spreadsheets and excellent instructions
- Excel functions glossary and guide;
- free training courses for most Microsoft Office applications. These guides are in PDF format and rival commercial books!
- comprehensive list of acronyms, ratios and formulas in customer financial analysis, and financial terms;
- suite of online calculators, including, breakeven analysis, productivity analysis, business evaluation;
- Altman Z-Score (covering publicly and privately held firms, and small businesses);
- and payroll analysis.
If you are involved in financial analysis at any level, or want to learn more about MS Excel and other applications in the Office
suite this site is invaluable.

Copyright, 2010, Jaxworks, All Rights Reserved.

Essentially, a dashboard report is a way to visually present critical data in summary form so that you can make
quick and effective decisions, in much the same way that a car dashboard works.
J-Dash uses charts and graphs to develop into a broad spectrum analysis of your firm's health. This is all done
by entering into the Master Data Entry worksheet numbers that are broadcasted throughout hundreds of cells.
The steps are simple:
1) Obtain 4 periods of financials (Years or Quarters)
2) Enter financial data into Master Data Entry worksheet
3) Perform What-if analyses (Optional)
4) Print, Email, and Present - Done

Copyright, 2010, Jaxworks, All Rights Reserved.

2004
C

Start Year
Corporation Type (C or S)

'C' Corporation format selected; income taxes WILL be computed

INCOME STATEMENT
Financials
2005
2006

2004

2007

Total
4 Periods

Sales
Sales
Cost of Goods Sold

$2,000,000
$945,000

$1,500,000
$865,000

$1,300,000
$833,000

$2,010,100
$946,616

$6,810,100
$3,589,616

$1,055,000

$635,000

$467,000

$1,063,484

$3,220,484

$424,000
$16,250
$32,500
$1,250
$50,000
$474,000

$318,000
$16,250
$33,958
$1,250
$51,458
$369,458

$275,600
$16,250
$33,958
$1,250
$51,458
$327,058

$426,141
$16,250
$33,958
$1,250
$51,458
$477,599

$1,443,741
$65,000
$134,374
$5,000
$204,374
$1,648,115

Operating income

$581,000

$265,542

$139,942

$585,885

$1,572,369

Subtotal

$100,000
$20,000
$120,000

$10,000
$50,000
$60,000

$3,000
$100,000
$103,000

$405,700
$200,000
$605,700

$518,700
$370,000
$888,700

Income before tax

$701,000

$325,542

$242,942

$1,191,585

$2,461,069

$210,300

$97,663

$72,883

$357,475

$738,321

$490,700

$227,879

$170,059

$834,109

$1,722,748

$1,400,000

$1,890,700

$2,118,579

$2,288,638

$1,400,000

$0

$0

$0

$50,000

$50,000

$1,890,700

$2,118,579

$2,288,638

$3,072,747

$3,072,748

Gross profit
Expenses
Operating expenses
Interest
Depreciation
Amortization
Subtotal (IDA)
Total expenses

Other income and expenses


Gain (loss) on sale of assets
Other (net)

Please enter a tax percentage


Taxes @

30%
Net income

Retained earnings-beginning
Dividends paid
Retained earnings-ending

BALANCE SHEET

Actual
2003
ASSETS
Current Assets
Cash and cash equivalents
Accounts receivable
Inventory
Other current assets

2004

Financials
2005
2006

2007

Total Current Assets

$451,000
$350,000
$400,000
$10,000
$1,211,000

$90,360
$657,534
$630,411
$60,000
$1,438,305

$289,233
$493,151
$590,959
$45,090
$1,418,433

$614,196
$427,397
$575,178
$76,320
$1,693,091

$1,454,008
$660,855
$631,208
$50,000
$2,796,071

Subtotal
Less-accumulated depreciation
Total Fixed Assets

$100,000
$1,500,000
$800,000
$2,400,000
$400,000
$2,000,000

$112,500
$1,450,000
$875,000
$2,437,500
$432,500
$2,005,000

$125,000
$1,450,000
$875,000
$2,450,000
$466,458
$1,983,542

$137,500
$1,450,000
$875,000
$2,462,500
$500,416
$1,962,084

$150,000
$1,450,000
$875,000
$2,475,000
$534,374
$1,940,626

Intangible Assets
Intangible Assets Cost
Less-accumulated amortization
Total Intangible Assets

$50,000
$20,000
$30,000

$50,000
$21,250
$28,750

$50,000
$22,500
$27,500

$50,000
$23,750
$26,250

$50,000
$25,000
$25,000

$25,000
$3,266,000

$33,000
$3,505,055

$120,000
$3,549,475

$5,000
$3,686,425

$23,000
$4,784,697

Fixed Assets
Land
Buildings
Equipment

Other assets
Total Assets

LIABILITIES AND
STOCKHOLDERS' EQUITY
Current Liabilities
Accounts payable
Notes payable
Current portion of long-term debt
Income taxes
Accrued expenses
Other current liabilities
Total Current Liabilities
Non-Current Liabilities
Long-term debt
Deferred income
Deferred income taxes
Other long-term liabilities
Non-Current Liabilities Totals
Total Liabilities
Stockholders' Equity
Capital stock issued
Additional paid in capital
Retained earnings
Stockholders' Equity
Total Liabilities and Equity
"C" Corporation (Y/N)
Cash balance positive or (negative)
Amount sheet is out-of-balance
Amount cash flow out-of-balance

Actual
2003

Forecast
2004

2005

2006

2007

$600,000
$100,000
$100,000
$30,000
$90,000
$16,000
$936,000

$328,767
$50,000
$100,000
$183,300
$83,288
$12,000
$757,355

$328,767
$50,000
$100,000
$70,663
$62,466
$12,000
$623,896

$328,767
$50,000
$100,000
$45,883
$54,137
$12,000
$590,787

$328,767
$50,000
$100,000
$330,475
$83,708
$12,000
$904,950

$600,000
$100,000
$30,000
$50,000
$780,000
$1,716,000

$500,000
$90,000
$27,000
$90,000
$707,000
$1,464,355

$500,000
$90,000
$27,000
$40,000
$657,000
$1,280,896

$500,000
$90,000
$27,000
$40,000
$657,000
$1,247,787

$500,000
$90,000
$27,000
$40,000
$657,000
$1,561,950

$100,000
$50,000
$1,400,000
$1,550,000

$100,000
$50,000
$1,890,700
$2,040,700

$100,000
$50,000
$2,118,579
$2,268,579

$100,000
$50,000
$2,288,638
$2,438,638

$100,000
$50,000
$3,072,747
$3,222,747

$3,266,000

$3,505,055

$3,549,475

$3,686,425

$4,784,697

Positive
$0
$0

Positive
$0
$0

Positive
$0
$0

Positive
$0
$0

Y
Positive
$0

Copyright, 2010, Jaxworks, All Rights Reserved.

Summary Dashboard
Sales

Cost of Goods Sold

$2,500,000

$960,000
$940,000
$920,000
$900,000
$880,000
$860,000
$840,000
$820,000
$800,000
$780,000
$760,000

$2,000,000

$1,500,000
$1,000,000
$500,000
$0

2004
$2,000,000

Sales

2005
$1,500,000

2006
$1,300,000

2007
$2,010,100

2004
$945,000

Cost of Goods Sold

Gross profit

2005
$865,000

2006
$833,000

2007
$946,616

Total expenses

$1,200,000

$500,000
$450,000
$400,000
$350,000
$300,000
$250,000
$200,000
$150,000
$100,000
$50,000
$0

$1,000,000
$800,000
$600,000

$400,000
$200,000
$0

2004
$1,055,000

Gross profit

2005
$635,000

2006
$467,000

2007
$1,063,484

2004
$474,000

Total expenses

Income before tax

2005
$369,458

2006
$327,058

2007
$477,599

Net income

$900,000

$1,200,000

$800,000

$1,000,000

$700,000

$800,000

$600,000
$500,000

$600,000

$400,000

$400,000

$300,000
$200,000

$200,000

$100,000

$0

2004
$701,000

Income before tax

2005
$325,542

2006
$242,942

$0

2007
$1,191,585

2004
$490,700

Net income

2005
$227,879

2006
$170,059

2007
$834,109

Comparative Analysis 4 Years


Income Statement
$2,500,000

$2,000,000

$1,500,000

$1,000,000

$500,000

$0
2004

Sales

2005

Cost of Goods Sold

2006

Gross Profit (Margin)

2007

Total Operating Expenses

Earnings Before Inc.Taxes

Cash and cash equivalents

Net Income After Taxes

Accounts receivable

$1,600,000

$700,000

$1,400,000

$600,000

$1,200,000

$500,000

$1,000,000

$400,000

$800,000

$300,000

$600,000

$200,000

$400,000

$100,000

$200,000
$0

2004
$90,360

Cash and cash equivalents

2005
$289,233

2006
$614,196

$0

2007
$1,454,008

2004
$657,534

Accounts receivable

Inventory

2005
$493,151

2006
$427,397

2007
$660,855

Other current assets

$640,000

$80,000

$630,000
$620,000
$610,000
$600,000

$70,000
$60,000

$50,000
$40,000

$590,000
$580,000

$30,000

$570,000
$560,000
$550,000

$20,000
$10,000

$540,000

2004
$630,411

Inventory

2005
$590,959

2006
$575,178

$0

2007
$631,208

2004
$60,000

Other current assets

2005
$45,090

2006
$76,320

2007
$50,000

Total Current Assets

$3,000,000
$2,500,000
$2,000,000
$1,500,000
$1,000,000
$500,000
$0

2004
$1,438,305

Total Current Assets

2005
$1,418,433

2006
$1,693,091

2007
$2,796,071

Land

Buildings

$160,000

$1,600,000

$140,000

$1,400,000

$120,000

$1,200,000

$100,000

$1,000,000

$80,000

$800,000

$600,000

$60,000

$40,000

$400,000

$20,000

$200,000

$0

2004
$112,500

Land

2005
$125,000

2006
$137,500

$0

2007
$150,000

2004
$1,450,000

Buildings

2005
$1,450,000

2006
$1,450,000

2007
$1,450,000

Less-accumulated depreciation

Equipment

$900,000

$600,000

$800,000

$500,000

$700,000

$400,000

$600,000
$500,000

$300,000

$400,000

$200,000

$300,000
$200,000

$100,000

$100,000

$0

$0

2004
$875,000

Equipment

2005
$875,000

2006
$875,000

2007
$875,000

2004
$432,500

Less-accumulated depreciation

2005
$466,458

2006
$500,416

2007
$534,374

Total Fixed Assets

$2,020,000
$2,000,000
$1,980,000
$1,960,000
$1,940,000
$1,920,000
$1,900,000

2004
$2,005,000

Total Fixed Assets

2005
$1,983,542

2006
$1,962,084

Intangible Assets Cost

2007
$1,940,626

Less-accumulated amortization

$25,000

$50,000
$45,000

$24,000

$40,000
$35,000

$23,000

$30,000

$22,000

$25,000
$20,000
$15,000
$10,000
$5,000
$0

$21,000
$20,000
$19,000

2004
$50,000

Intangible Assets Cost

2005
$50,000

2006
$50,000

2007
$50,000

2004
$21,250

Less-accumulated amortization

Total Intangible Assets

2005
$22,500

2006
$23,750

2007
$25,000

Other assets

$29,000

$120,000

$28,000

$100,000
$80,000

$27,000

$60,000

$26,000

$40,000

$25,000

$20,000

$24,000

$0

$23,000

2004
$28,750

Total Intangible Assets

2005
$27,500

2006
$26,250

2007
$25,000

2004
$33,000

Other assets

2005
$120,000

2006
$5,000

2007
$23,000

Total Assets

$5,000,000
$4,500,000
$4,000,000
$3,500,000
$3,000,000
$2,500,000
$2,000,000
$1,500,000
$1,000,000
$500,000
$0

2004
$3,505,055

Total Assets

2005
$3,549,475

2006
$3,686,425

2007
$4,784,697

Accounts payable

Notes payable

$50,000

$350,000

$45,000

$300,000

$40,000

$250,000

$35,000

$200,000

$30,000
$25,000

$150,000

$20,000
$15,000

$100,000

$10,000

$50,000

$5,000

$0

2004
$328,767

Accounts payable

2005
$328,767

2006
$328,767

$0

2007
$328,767

2004
$50,000

Notes payable

2005
$50,000

2006
$50,000

2007
$50,000

Income taxes

Current portion of long -term debt

$100,000

$350,000

$90,000
$300,000

$80,000
$70,000

$250,000

$60,000

$200,000

$50,000
$40,000

$150,000

$30,000
$100,000

$20,000
$10,000

$50,000

$0

2004
$100,000

Current portion of long-term debt

2005
$100,000

2006
$100,000

2007
$100,000

$0

2004
$183,300

Income taxes

Accrued expenses

2005
$70,663

2006
$45,883

2007
$330,475

Other current liabilities

$90,000

$12,000

$80,000

$10,000

$70,000

$8,000

$60,000
$50,000

$6,000

$40,000
$30,000

$4,000

$20,000

$2,000

$10,000

$0

2004
$83,288

Accrued expenses

2005
$62,466

2006
$54,137

$0

2007
$83,708

2004
$12,000

Other current liabilities

2005
$12,000

2006
$12,000

2007
$12,000

Total Current Liabilities

$1,000,000

$900,000
$800,000

$700,000
$600,000
$500,000

$400,000
$300,000
$200,000

$100,000
$0

2004
$757,355

Total Current Liabilities

2005
$623,896

2006
$590,787

2007
$904,950

Long-term debt

Deferred income

$500,000

$90,000

$450,000

$80,000

$400,000

$70,000

$350,000

$60,000

$300,000

$50,000

$250,000

$40,000

$200,000

$30,000

$150,000

$20,000

$100,000

$10,000

$50,000
$0

2004
$500,000

Long-term debt

2005
$500,000

2006
$500,000

$0

2007
$500,000

2004
$90,000

Deferred income

Deferred income taxes

2005
$90,000

2006
$90,000

2007
$90,000

Other long-term liabilities

$30,000

$90,000
$80,000

$25,000

$70,000
$20,000

$60,000
$50,000

$15,000

$40,000
$30,000

$10,000

$20,000
$5,000

$10,000
$0

$0

2004
$27,000

Deferred income taxes

2005
$27,000

2006
$27,000

2007
$27,000

Other long-term liabilities

2004
$90,000

2005
$40,000

2006
$40,000

2007
$40,000

2006
$50,000

2007
$50,000

Total Liabilities

$1,600,000
$1,400,000
$1,200,000
$1,000,000
$800,000
$600,000
$400,000
$200,000
$0

2004
$1,464,355

Total Liabilities

2005
$1,280,896

2006
$1,247,787

2007
$1,561,950

Additional paid in capital

Capital stock issued

$100,000

$50,000

$90,000

$45,000

$80,000

$40,000

$70,000

$35,000

$30,000

$60,000

$25,000

$50,000

$20,000

$40,000

$15,000

$30,000

$10,000

$20,000

$5,000

$10,000

$0

$0

2004
$100,000

Capital stock issued

2005
$100,000

2006
$100,000

2007
$100,000

Additional paid in capital

Retained earnings

$3,000,000

$3,000,000

$2,500,000
$2,000,000

$2,000,000

$1,500,000

$1,500,000
$1,000,000

$1,000,000
$500,000

$500,000

$0

2005
$50,000

$3,500,000

$2,500,000

Retained earnings

2004
$50,000

Stockholders' Equity

$3,500,000

2004
$1,890,700

2005
$2,118,579

2006
$2,288,638

$0

2007
$3,072,747

2004
$2,040,700

Stockholders' Equity

2005
$2,268,579

2006
$2,438,638

2007
$3,222,747

Total Liabilities and Equity

$5,000,000
$4,500,000
$4,000,000
$3,500,000
$3,000,000
$2,500,000

$2,000,000
$1,500,000
$1,000,000
$500,000
$0

Total Liabilities and Equity

2004
$3,505,055

2005
$3,549,475

2006
$3,686,425

2007
$4,784,697

Comparative Analysis 4 Years


Balance Sheet
$5,000,000
$4,500,000
$4,000,000
$3,500,000
$3,000,000
$2,500,000
$2,000,000
$1,500,000
$1,000,000
$500,000
$0
2004

Total Current Assets

Total Fixed Assets

2005

Total Assets

2006

Total Current Liabilities

2007

Total Liabilities

Total Liabilities and Equity

Copyright, 2010, Jaxw orks, All Rights Reserved.

Cash Flow Statement


Actual
2003
Cash from operations
Net earnings (loss)
Add-depreciation and amortization

2004

Financials
2005
2006

2007

$490,700
$33,750

$227,879
$35,208

$170,059
$35,208

$834,109
$35,208

$1,722,748
$139,374

$524,450

$263,087

$205,267

$869,317

$1,862,121

($307,534)
($230,411)
($50,000)
($8,000)
($271,233)
$0
$153,300
($6,712)
($4,000)
$0

$164,383
$39,452
$14,910
($87,000)
$0
$0
($112,637)
($20,822)
$0
$0

$65,754
$15,781
($31,230)
$115,000
$0
$0
($24,780)
($8,329)
$0
$0

($233,458)
($56,030)
$26,320
($18,000)
$0
$0
$284,592
$29,571
$0
($50,000)

($310,855)
($231,208)
($40,000)
$2,000
($271,233)
$0
$300,475
($6,292)
($4,000)
($50,000)

($724,590)

($1,714)

$132,196

($17,005)

($611,113)

$12,500
($50,000)
$75,000
$0

$12,500
$0
$0
$0

$12,500
$0
$0
$0

$12,500
$0
$0
$0

$50,000
($50,000)
$75,000
$0

$37,500

$12,500

$12,500

$12,500

$75,000

($50,000)
($100,000)
($10,000)
($3,000)
$40,000
$0

$0
$0
$0
$0
($50,000)
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

($50,000)
($100,000)
($10,000)
($3,000)
($10,000)
$0

Net cash from financing

($123,000)

($50,000)

$0

$0

($173,000)

Net increase (decrease) in cash

($360,640)

$198,873

$324,963

$839,812

$1,003,008

Cash at beginning of period

$451,000

$90,360

$289,233

$614,196

$451,000

Cash at the end of period

$90,360

$289,233

$614,196

$1,454,008

$1,454,008

Net cash from operations


Cash provided (used) by
operating activities
Accounts Receivable
Inventory
Other current assets
Other non-current assets
Accounts payable
Current portion of long-term debt
Income taxes
Accrued expenses
Other current liabilities
Dividends paid
Net cash provided (used) by operations
Investment transactions
Increases (decreases)
Land
Buildings and improvements
Equipment
Intangible assets
Net cash from investments
Financing transactions
Increases (decreases)
Short term notes payable
Long term debt
Deferred income
Deferred income taxes
Other long-term liabilities
Capital stock and paid in capital

Cash Flow

$1,600,000
$1,400,000
$1,200,000
$1,000,000
$800,000
$600,000
$400,000

$200,000
$0
Cash Flow

2003
$90,360

2004
$289,233

2005
$614,196

2006
$1,454,008

2007
$1,454,008

Copyright, 2010, Jaxworks, All Rights Reserved.

CASH FLOW STATEMENT 8 YEARS


2004
1
$490,700
$33,750

Projected
2005
2006
2
3
$227,879
$170,059
$35,208
$35,208

2007
4
$834,109
$35,208

2008
5
$673,789
$35,937

Forecasted
2009
2010
6
7
$771,030
$868,271
$36,374
$36,812

$524,450

$263,087

$205,267

$869,317

$709,726

$807,404

$905,082

($307,534)
($230,411)
($50,000)
($8,000)
($271,233)
$0
$153,300
($6,712)
($4,000)
$0

$164,383
$39,452
$14,910
($87,000)
$0
$0
($112,637)
($20,822)
$0
$0

$65,754
$15,781
($31,230)
$115,000
$0
$0
($24,780)
($8,329)
$0
$0

($233,458)
($56,030)
$26,320
($18,000)
$0
$0
$284,592
$29,571
$0
($50,000)

($46,814)
$67,066
$35,705
$43,500
$135,617
$0
$195,552
$28,763
$2,000
($50,000)

($34,454)
$117,013
$53,987
$60,700
$216,986
$0
$243,725
$40,897
$3,200
($65,000)

($22,094)
$166,960
$72,269
$77,900
$298,356
$0
$291,899
$53,031
$4,400
($80,000)

($724,590)

($1,714)

$132,196

($17,005)

$411,388

$637,055

$862,721

$12,500
($50,000)
$75,000
$0

$12,500
$0
$0
$0

$12,500
$0
$0
$0

$12,500
$0
$0
$0

$12,500
$25,000
($37,500)
$0

$12,500
$40,000
($60,000)
$0

$12,500
$55,000
($82,500)
$0

$12,500
$70,000
($105,000)
$0

$37,500

$12,500

$12,500

$12,500

($7,500)

($15,000)

($22,500)

($50,000)
($100,000)
($10,000)
($3,000)
$40,000
$0

$0
$0
$0
$0
($50,000)
$0

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$0
$0

$25,000
$50,000
$5,000
$1,500
($20,000)
$0

$40,000
$80,000
$8,000
$2,400
($27,000)
$0

$55,000
$110,000
$11,000
$3,300
($34,000)
$0

$70,000
$140,000
$14,000
$4,200
($41,000)
$0

Net cash from financing

($123,000)

($50,000)

$0

$0

$61,500

$103,400

$145,300

$187,200

Net increase (decrease) in cash

Cash from operations


Net earnings (loss)
Add-depreciation and amortization
Net cash from operations
Cash provided (used) by
operating activities
Accounts Receivable
Inventory
Other current assets
Other non-current assets
Accounts payable
Current portion of long-term debt
Income taxes
Accrued expenses
Other current liabilities
Dividends paid
Net cash Consumed or Generated
Investment transactions
Increases (decreases)
Land
Buildings and improvements
Equipment
Intangible assets
Net cash from investments
Financing transactions
Increases (decreases)
Short term notes payable
Long term debt
Deferred income
Deferred income taxes
Other long-term liabilities
Capital stock and paid in capital

$0

2011
8
$965,511
$37,249
$1,002,760

($9,734)
$216,908
$90,551
$95,100
$379,726
$0
$340,072
$65,165
$5,600
($95,000)
$1,088,388

($360,640)

$198,873

$324,963

$839,812

$1,182,614

$1,555,358

$1,928,103

$2,300,847

Cash at beginning of period

$451,000

$90,360

$289,233

$614,196

$533,313

$602,159

$671,005

$739,851

Cash at the end of period

$90,360

$289,233

$614,196

$1,454,008

$1,715,926

$2,157,517

$2,599,107

$3,040,698

Cash Flow 8 Years


$3,500,000
$3,000,000
$2,500,000

$2,000,000
$1,500,000
$1,000,000
$500,000
$0

Cash Flow

2004
$90,360

2005
$289,233

2006
$614,196

2007
$1,454,008

2008
$1,715,926

2009
$2,157,517

Copyright, 2010, Jaxworks, All Rights Reserved.

2010
$2,599,107

2011
$3,040,698

Balance Sheet
Projected
2004
ASSETS
Current Assets
Cash and cash equivalents
Accounts receivable
Inventory
Other current assets

2005

2006

2007

$90,360
$657,534
$630,411
$60,000
$1,438,305

$289,233
$493,151
$590,959
$45,090
$1,418,433

$614,196
$427,397
$575,178
$76,320
$1,693,091

$1,454,008
$660,855
$631,208
$50,000
$2,796,071

Total Fixed Assets

$112,500
$1,450,000
$875,000
$2,437,500
$432,500
$2,005,000

$125,000
$1,450,000
$875,000
$2,450,000
$466,458
$1,983,542

$137,500
$1,450,000
$875,000
$2,462,500
$500,416
$1,962,084

$150,000
$1,450,000
$875,000
$2,475,000
$534,374
$1,940,626

Total Intangible Assets

$50,000
$21,250
$28,750

$50,000
$22,500
$27,500

$50,000
$23,750
$26,250

$50,000
$25,000
$25,000

Total Assets

$33,000
$3,505,055

$120,000
$3,549,475

$5,000
$3,686,425

$23,000
$4,784,697

Total Current Assets


Fixed Assets
Land
Buildings
Equipment
Subtotal
Less-accumulated depreciation

Intangible Assets
Cost
Less-accumulated amortization

Other assets

Projected
LIABILITIES AND
STOCKHOLDERS' EQUITY
Current Liabilities
Accounts payable
Notes payable
Current portion of long-term debt
Income taxes
Accrued expenses
Other current liabilities

2004

2005

2006

2007

$328,767
$50,000
$100,000
$183,300
$83,288
$12,000
$757,355

$328,767
$50,000
$100,000
$70,663
$62,466
$12,000
$623,896

$328,767
$50,000
$100,000
$45,883
$54,137
$12,000
$590,787

$328,767
$50,000
$100,000
$330,475
$83,708
$12,000
$904,950

$500,000
$90,000
$27,000
$90,000
$707,000
$1,464,355

$500,000
$90,000
$27,000
$40,000
$657,000
$1,280,896

$500,000
$90,000
$27,000
$40,000
$657,000
$1,247,787

$500,000
$90,000
$27,000
$40,000
$657,000
$1,561,950

Stockholders Equity

$100,000
$50,000
$1,890,700
$2,040,700

$100,000
$50,000
$2,118,579
$2,268,579

$100,000
$50,000
$2,288,638
$2,438,638

$100,000
$50,000
$3,072,747
$3,222,747

Total Liabilities and Equity

$3,505,055

$3,549,475

$3,686,425

$4,784,697

Total Current Liabilities


Non-Current Liabilities
Long-term debt
Deferred income
Deferred income taxes
Other long-term liabilities
Subtotal
Total Liabilities
Stockholders' Equity
Capital stock issued
Additional paid in capital
Retained earnings

Assets
$5,000,000
$4,000,000
$3,000,000
$2,000,000

$1,000,000
$0
Total Current Assets

2004
$1,438,305

2005
$1,418,433

2006
$1,693,091

2007
$2,796,071

Total Fixed Assets

$2,005,000

$1,983,542

$1,962,084

$1,940,626

Total Assets

$3,505,055

$3,549,475

$3,686,425

$4,784,697

Liabilities
$4,000,000
$3,000,000
$2,000,000
$1,000,000

$0

2004
$757,355

2005
$623,896

2006
$590,787

2007
$904,950

Total Liabilities

$1,464,355

$1,280,896

$1,247,787

$1,561,950

Stockholders Equity

$2,040,700

$2,268,579

$2,438,638

$3,222,747

Total Current Liabilities

Assets vs. Liabilities

$5,000,000
$4,000,000
$3,000,000
$2,000,000
$1,000,000
$0
Total Assets

2004
$3,505,055

2005
$3,549,475

2006
$3,686,425

2007
$4,784,697

Total Liabilities

$1,464,355

$1,280,896

$1,247,787

$1,561,950

Copyright, 2010, Jaxworks, All Rights Reserved.

Balance Sheet 8 Years


Forecasted

Projected
2004
1

ASSETS
Current Assets
Cash and cash equivalents
Accounts receivable
Inventory
Other current assets

2005
2

2006
3

2007
4

2008
5

2009
6

2010
7

2011
8

$90,360
$657,534
$630,411
$60,000
$1,438,305

$289,233
$493,151
$590,959
$45,090
$1,418,433

$614,196
$427,397
$575,178
$76,320
$1,693,091

$1,454,008
$660,855
$631,208
$50,000
$2,796,071

$1,715,926
$545,787
$603,592
$58,160
$2,923,464

$2,157,517
$540,207
$602,253
$58,283
$3,358,260

$2,599,107
$534,628
$600,914
$58,406
$3,793,055

$3,040,698
$529,049
$599,575
$58,529
$4,227,851

Total Fixed Assets

$112,500
$1,450,000
$875,000
$2,437,500
$432,500
$2,005,000

$125,000
$1,450,000
$875,000
$2,450,000
$466,458
$1,983,542

$137,500
$1,450,000
$875,000
$2,462,500
$500,416
$1,962,084

$150,000
$1,450,000
$875,000
$2,475,000
$534,374
$1,940,626

$162,500
$1,450,000
$875,000
$2,487,500
$568,332
$1,919,168

$175,000
$1,450,000
$875,000
$2,500,000
$602,290
$1,897,710

$187,500
$1,450,000
$875,000
$2,512,500
$636,248
$1,876,252

$200,000
$1,450,000
$875,000
$2,525,000
$670,206
$1,854,794

Total Intangible Assets

$50,000
$21,250
$28,750

$50,000
$22,500
$27,500

$50,000
$23,750
$26,250

$50,000
$25,000
$25,000

$50,000
$26,250
$23,750

$50,000
$27,500
$22,500

$50,000
$28,750
$21,250

$50,000
$30,000
$20,000

Total Assets

$33,000
$3,505,055

$120,000
$3,549,475

$5,000
$3,686,425

$23,000
$4,784,697

$9,000
$4,875,382

($5,500)
$5,272,970

Period 5

Forecasted
Period 6
Period 7

Total Current Assets


Fixed Assets
Land
Buildings
Equipment
Subtotal
Less-accumulated depreciation

Intangible Assets
Cost
Less-accumulated amortization

Other assets

Projected
LIABILITIES AND
STOCKHOLDERS' EQUITY
Current Liabilities
Accounts payable
Notes payable
Current portion of long-term debt
Income taxes
Accrued expenses
Other current liabilities

2004

2005

2006

2007

$328,767
$50,000
$100,000
$183,300
$83,288
$12,000
$757,355

$328,767
$50,000
$100,000
$70,663
$62,466
$12,000
$623,896

$328,767
$50,000
$100,000
$45,883
$54,137
$12,000
$590,787

$328,767
$50,000
$100,000
$330,475
$83,708
$12,000
$904,950

$328,767
$50,000
$100,000
$261,767
$69,133
$12,000
$821,666

$328,767
$50,000
$100,000
$303,441
$68,426
$12,000
$862,634

$500,000
$90,000
$27,000
$90,000
$707,000
$1,464,355

$500,000
$90,000
$27,000
$40,000
$657,000
$1,280,896

$500,000
$90,000
$27,000
$40,000
$657,000
$1,247,787

$500,000
$90,000
$27,000
$40,000
$657,000
$1,561,950

$500,000
$90,000
$27,000
$15,000
$632,000
$1,453,666

Stockholders Equity

$100,000
$50,000
$1,890,700
$2,040,700

$100,000
$50,000
$2,118,579
$2,268,579

$100,000
$50,000
$2,288,638
$2,438,638

$100,000
$50,000
$3,072,747
$3,222,747

Total Liabilities and Equity

$3,505,055

$3,549,475

$3,686,425

$4,784,697

Total Current Liabilities


Non-Current Liabilities
Long-term debt
Deferred income
Deferred income taxes
Other long-term liabilities
Subtotal
Total Liabilities
Stockholders' Equity
Capital stock issued
Additional paid in capital
Retained earnings

$500,000
$90,000
$27,000
$0
$617,000
$1,479,634

$500,000
$90,000
$27,000
($15,000)
$602,000
$1,505,601

$500,000
$90,000
$27,000
($30,000)
$587,000
$1,531,569

$100,000
$50,000
$3,271,716
$3,421,716

$100,000
$50,000
$3,643,336
$3,793,336

$100,000
$50,000
$4,014,956
$4,164,956

$100,000
$50,000
$4,386,576
$4,536,576

$4,875,382

$5,272,970

$5,670,557

$6,068,145

$6,000,000
$4,000,000
$2,000,000

Total Current Assets

2004
2005
2006
2007
2008
2009
2010
2011
$1,438,3 $1,418,4 $1,693,0 $2,796,0 $2,923,4 $3,358,2 $3,793,0 $4,227,8

Total Fixed Assets

$2,005,0 $1,983,5 $1,962,0 $1,940,6 $1,919,1 $1,897,7 $1,876,2 $1,854,7

Total Assets

$3,505,0 $3,549,4 $3,686,4 $4,784,6 $4,875,3 $5,272,9 $5,670,5 $6,068,1

Liabilities
$5,000,000
$4,000,000
$3,000,000

$2,000,000
$1,000,000

Total Current Liabilities

2004
2005
2006
2007
2008
2009
2010
2011
$757,355 $623,896 $590,787 $904,950 $821,666 $862,634 $903,601 $944,569

Total Liabilities

$1,464,3 $1,280,8 $1,247,7 $1,561,9 $1,453,6 $1,479,6 $1,505,6 $1,531,5

Stockholders Equity

$2,040,7 $2,268,5 $2,438,6 $3,222,7 $3,421,7 $3,793,3 $4,164,9 $4,536,5

Assets vs. Liabilities


$7,000,000
$6,000,000
$5,000,000
$4,000,000
$3,000,000
$2,000,000
$1,000,000
$0

Period 8

$328,767
$50,000
$100,000
$386,790
$67,012
$12,000
$944,569

Assets

$0

($34,500)
$6,068,145

$328,767
$50,000
$100,000
$345,116
$67,719
$12,000
$903,601

$8,000,000

$0

($20,000)
$5,670,557

Total Assets

2004
2005
2006
2007
2008
2009
2010
2011
$3,505,05 $3,549,47 $3,686,42 $4,784,69 $4,875,38 $5,272,97 $5,670,55 $6,068,14

Total Liabilities

$1,464,35 $1,280,89 $1,247,78 $1,561,95 $1,453,66 $1,479,63 $1,505,60 $1,531,56

Copyright, 2010, Jaxworks, All Rights Reserved.

Financial Operations
What-if Trial Projections

Projected

Current Assets
Fixed Assets
Total Assets
Current Liabilities
Non-current Liab.
Total Liabilities
Equity
Liabilities and Equity

2004

2005

2006

2007

2004

2005

2006

2007

1,438,305

1,418,433

1,693,091

2,796,071

1,438,305

1,418,433

1,693,091

2,796,071

2,005,000

1,983,542

1,962,084

1,940,626

2,005,000

1,983,542

1,962,084

1,940,626

3,505,055

3,549,475

3,686,425

4,784,697

3,505,055

3,549,475

3,686,425

4,784,697

757,355

623,896

590,787

904,950

757,355

623,896

590,787

904,950

707,000

657,000

657,000

657,000

707,000

657,000

657,000

657,000

1,464,355

1,280,896

1,247,787

1,561,950

1,464,355

1,280,896

1,247,787

1,561,950

2,040,700

2,268,579

2,438,638

3,222,747

2,040,700

2,268,579

2,438,638

3,222,747

3,505,055

3,549,475

3,686,425

4,784,697

3,505,055

3,549,475

3,686,425

4,784,697

Projected

6,000,000

4,000,000
2,000,000
0
2004
Current Assets

Fixed Assets

2005

Total Assets

Current Liabilities

2006
Non-current Liab.

2007
Total Liabilities

Equity

Liabilities and Equity

What-if Trial Projections

6,000,000

4,000,000
2,000,000
0
2004
Current Assets

Fixed Assets

2005

Total Assets

Current Liabilities

2006
Non-current Liab.

2007
Total Liabilities

Copyright, 2010, Jaxworks, All Rights Reserved.

Equity

Liabilities and Equity

Balance Sheet Charts


$5,000,000

Total Current Assets


Total Fixed Assets
Total Assets
Total Current Liabilities
Total Liabilities
Total Liabilities and Equity

$1,438,305
$2,005,000
$3,505,055
$757,355
$1,464,355
$3,505,055

$1,418,433
$1,983,542
$3,549,475
$623,896
$1,280,896
$3,549,475

$1,693,091
$1,962,084
$3,686,425
$590,787
$1,247,787
$3,686,425

$2,796,071
$1,940,626
$4,784,697
$904,950
$1,561,950
$4,784,697

$4,000,000
$3,000,000
$2,000,000

$1,000,000
$0

2004

Total Current Assets

Total Assets
2007

2006

2006

2005

2005

2004

2004

Total Assets

2004

Fixed Assets

2007

2007

2006

2006

2005

2005

2004

2004

2011

2006

2010

2005

2009

2004

2008

Total Liabilities & Equity

2004

2007

2006

2006

2005

2005

2004

2004

Total Liabilities & Equity

2004

2007

2006

2006

2005

2005

2004

2004

Total Liabilities & Equity

2004

2011

2006

2010

2005

2009

2004

2008

2006

2007

2004

Total Liabilities

2005

2006

2005

2006

2005

2006

2004

2005

2006

2007

2004

2005

Copyright, 2010, Jaxworks, All Rights Reserved.

2006

2005

2006

2007

2005

2006

2007

Total Assets Projected

2007

2008

2009

2010

2011

Current Liabilities

2007

2004

2005

2006

2007

Total Liabilities

2007 2004

Total Liabilities & Equity

2004

Total Liabilities and Equity

Fixed Assets

Total Liabilities & Equity

Total Liabilities & Equity Projected

2007

2005

Total Liabilities & Equity

Total Liabilities

2007

2007

Total CA

Total Assets

Current Liabilities

2007

Total Current Liabilities

Total Assets

Total Assets Projected

Total Assets
2007

Total Assets

2006

Total Assets

Total CA

2007

Total Fixed Assets

2005

2005

2006

2007

Total Liabilities & Equity Projected

2007 2008

2009

2010

2011

Current Assets
Current Assets Projection
1ST QTR

$1,438,305

$4,500,000

2ND QTR

$1,418,433

$4,000,000

3RD QTR

$1,693,091

4TH QTR

$2,796,071

5TH QTR

$2,923,464

6TH QTR

$3,358,260

$1,000,000

7TH QTR

$3,793,055

$500,000

8TH QTR

$4,227,851

$3,500,000
$3,000,000
$2,500,000
$2,000,000
$1,500,000

$0
2004

2005

2006

2007

2008

2009

2010

2011

Inventory
Inventory Projection
1ST QTR

$630,411

$640,000

2ND QTR

$590,959

$630,000

3RD QTR

$575,178

$610,000

4TH QTR

$631,208

5TH QTR

$603,592

6TH QTR

$602,253

7TH QTR

$600,914

8TH QTR

$599,575

$620,000

$600,000
$590,000
$580,000
$570,000
$560,000

$550,000
$540,000
2004

2005

2006

2007

2008

2009

2010

2011

Total Assets
Total Assets Projection
1ST QTR

$3,505,055

$7,000,000

2ND QTR

$3,549,475

$6,000,000

3RD QTR

$3,686,425

$5,000,000

4TH QTR

$4,784,697

$4,000,000

5TH QTR

$4,875,382

$3,000,000

6TH QTR

$5,272,970

$2,000,000

7TH QTR

$5,670,557

8TH QTR

$6,068,145

$1,000,000
$0
2004

2005

2006

2007

2008

2009

2010

2011

2008

2009

2010

2011

Current Liabilities
Current Liabilities Projection

$757,355

$1,000,000

2ND QTR

$623,896

$900,000

3RD QTR

$590,787

$700,000

4TH QTR

$904,950

5TH QTR

$821,666

6TH QTR

$862,634

7TH QTR

$903,601

8TH QTR

$944,569

1ST QTR

$800,000
$600,000
$500,000
$400,000
$300,000
$200,000
$100,000
$0

2004

2005

2006

2007

Non-current Liabilities
Non-current Liabilities Projection
1ST QTR

$707,000

$800,000

2ND QTR

$657,000

$700,000

3RD QTR

$657,000

4TH QTR

$657,000

5TH QTR

$632,000

$300,000

6TH QTR

$617,000

$200,000

7TH QTR

$602,000

$100,000

8TH QTR

$587,000

$600,000

$500,000
$400,000

$0

2004

2005

2006

2007

2008

2009

2010

2011

Total Liabilities
Total Liabilities Projection
1ST QTR

$1,464,355

$1,600,000

2ND QTR

$1,280,896

$1,400,000

3RD QTR

$1,247,787

4TH QTR

$1,561,950

5TH QTR

$1,453,666

$600,000

6TH QTR

$1,479,634

$400,000

7TH QTR

$1,505,601

$200,000

8TH QTR

$1,531,569

$1,200,000
$1,000,000
$800,000

$0
2004

2005

2006

2007

2008

2009

2010

2011

2007

2008

2009

2010

2011

Equity
Equity Projection
1ST QTR

$2,040,700

$5,000,000

2ND QTR

$2,268,579

$4,500,000

3RD QTR

$2,438,638

$3,500,000

4TH QTR

$3,222,747

5TH QTR

$3,421,716

6TH QTR

$3,793,336

7TH QTR

$4,164,956

8TH QTR

$4,536,576

$4,000,000
$3,000,000

$2,500,000
$2,000,000
$1,500,000
$1,000,000
$500,000
$0

2004

2005

2006

Copyright, 2010, Jaxworks, All Rights Reserved.

Balance Sheet Summary 4 Years

5,000,000

4,500,000

4,000,000

3,500,000

3,000,000

2,500,000

2,000,000

1,500,000

1,000,000

500,000

0
2004

Current Assets

2005

Fixed Assets

Total Assets

Current Liabilities

2006

Non-current Liab.

Total Liabilities

2007

Equity

Liabilities and Equity

What-if Balance Sheet

5,000,000

4,500,000

4,000,000

3,500,000

3,000,000

2,500,000

2,000,000

1,500,000

1,000,000

500,000

0
2004

Current Assets

2005

Fixed Assets

Total Assets

Current Liabilities

2006

Non-current Liab.

Total Liabilities

2007

Equity

Liabilities and Equity

2004
1
$2,000,000
$945,000

Revenue
Sales
Cost of sales
Gross profit

$635,000

$467,000

$1,063,484

$424,000
$16,250
$32,500
$1,250
$50,000
$474,000

$318,000
$16,250
$33,958
$1,250
$51,458
$369,458

$275,600
$16,250
$33,958
$1,250
$51,458
$327,058

$426,141
$16,250
$33,958
$1,250
$51,458
$477,599

Operating income

$581,000

$265,542

$139,942

$585,885

Subtotal

$100,000
$20,000
$120,000

$10,000
$50,000
$60,000

$3,000
$100,000
$103,000

$405,700
$200,000
$605,700

Income before tax

$701,000

$325,542

$242,942

$1,191,585

Income tax

$210,300

$97,663

$72,883

$357,475

Net income

$490,700

$227,879

$170,059

$834,109

$1,400,000

$1,890,700

$2,118,579

$2,288,638

$0

$0

$0

$50,000

$1,890,700

$2,118,579

$2,288,638

$3,072,747

Subtotal (IDA)
Total expenses

Other income and expenses


Gain (loss) on sale of assets
Other (net)

Dividends paid
Retained earnings-ending

2007
4
$2,010,100
$946,616

$1,055,000

Expenses
Operating expenses
Interest
Depreciation
Amortization

Retained earnings-beginning

Projected
2005
2006
2
3
$1,500,000
$1,300,000
$865,000
$833,000

Copyright, 2010, Jaxworks, All Rights Reserved.

Income Statement 8 Periods


Projected
2005
2006
2
3
$1,500,000
$1,300,000
$865,000
$833,000

2004
1
$2,000,000
$945,000

Revenue
Sales
Cost of sales
Gross profit

2007
4
$2,010,100
$946,616

2008
5
$1,660,100
$890,616

Forecasted
2009
2010
6
7
$1,643,130
$1,626,160
$887,901
$885,186

$1,055,000

$635,000

$467,000

$1,063,484

$769,484

$755,229

$740,974

$726,720

$424,000
$16,250
$32,500
$1,250
$50,000
$474,000

$318,000
$16,250
$33,958
$1,250
$51,458
$369,458

$275,600
$16,250
$33,958
$1,250
$51,458
$327,058

$426,141
$16,250
$33,958
$1,250
$51,458
$477,599

$351,941
$16,250
$34,687
$1,250
$52,187
$404,128

$348,344
$16,250
$35,124
$1,250
$52,624
$400,968

$344,746
$16,250
$35,562
$1,250
$53,062
$397,808

$341,148
$16,250
$35,999
$1,250
$53,499
$394,647

Operating income

$581,000

$265,542

$139,942

$585,885

$365,356

$354,261

$343,167

$332,072

Subtotal

$100,000
$20,000
$120,000

$10,000
$50,000
$60,000

$3,000
$100,000
$103,000

$405,700
$200,000
$605,700

$357,200
$240,000
$597,200

$448,210
$299,000
$747,210

$539,220
$358,000
$897,220

$630,230
$417,000
$1,047,230

Income before tax

$701,000

$325,542

$242,942

$1,191,585

$962,556

$1,101,471

$1,240,387

$1,379,302

Income tax

$210,300

$97,663

$72,883

$357,475

$288,767

$330,441

$372,116

$413,791

Net income

$490,700

$227,879

$170,059

$834,109

$673,789

$771,030

$868,271

$965,511

$1,400,000

$1,890,700

$2,118,579

$2,288,638

$2,647,928

$2,937,307

$3,226,686

$3,516,065

$0

$0

$0

$50,000

$50,000

$65,000

$80,000

$95,000

$1,890,700

$2,118,579

$2,288,638

$3,072,747

$3,271,716

$3,643,336

$4,014,956

$4,386,576

Expenses
Operating expenses
Interest
Depreciation
Amortization
Subtotal (IDA)
Total expenses

Other income and expenses


Gain (loss) on sale of assets
Other (net)

Retained earnings-beginning
Dividends paid
Retained earnings-ending

Comparative Analysis 8 Years


Income Statement
$2,500,000

$2,000,000

$1,500,000

$1,000,000

$500,000

$0
2004
Sales

2011
8
$1,609,190
$882,470

2005
Cost of sales

2006
Gross profit

2007

2008
Total expenses

Copyright, 2010, Jaxworks, All Rights Reserved.

2009

2010
Income before tax

2011
Net income

Forecast Analysis 8 Years


Income Statement
Sales
Cost of Goods Sold
Gross Profit (Margin)
G&A
Total Operating Expenses
EBIT
Net Income After
Balance Sheet
Current Assets
Inventory
Other Assets
Total Assets
Current Liabilities
Non-current Liabilities
Total Liabilities
Equity
Total Liabilities & Equity
Cash Flow
Net Cash Flow
Breakeven
Break-Even
B/E %
DAY OF B/E
DATE OF B/E
Key Ratios
Current Ratio
Quick Ratio
Debt Ratio
Asset Turnover
Net Income/Sales
Debt/Equity
Return on Assets
Sales/Working Capital
Working Capital
Market Value
Book Market Value
Altman Z-Score Analysis
Publicly Held Firm
Privately Held Firm
Non-Manufacturing

2004

2005

2006

2007

2008

2009

2010

2011

Trend

ASSESSMENT

$2,000,000
$945,000
$1,055,000
$50,000
$474,000
$701,000
$490,700

$1,500,000
$865,000
$635,000
$51,458
$369,458
$325,542
$227,879

$1,300,000
$833,000
$467,000
$51,458
$327,058
$242,942
$170,059

$2,010,100
$946,616
$1,063,484
$51,458
$477,599
$1,191,585
$834,109

$1,660,100
$890,616
$769,484
$52,187
$1,648,115
$962,556
$673,789

$1,438,305
$630,411
$33,000
$3,505,055
$757,355
$707,000
$1,464,355
$2,040,700
$3,505,055

$1,418,433
$590,959
$120,000
$3,549,475
$623,896
$657,000
$1,280,896
$2,268,579
$3,549,475

$1,693,091
$575,178
$5,000
$3,686,425
$590,787
$657,000
$1,247,787
$2,438,638
$3,686,425

$2,796,071
$631,208
$23,000
$4,784,697
$904,950
$657,000
$1,561,950
$3,222,747
$4,784,697

$2,923,464
$603,592
$9,000
$4,875,382
$821,666
$632,000
$1,453,666
$3,421,716
$4,875,382

$90,360

$289,233

$614,196

$1,454,008

$1,715,926

$898,578
44.93%
164
Jun 11

$872,735
58.18%
212
Jul 30

$910,440
70.03%
256
Sep 11

1.90
1.07
0.42
0.57
0.25
0.72
0.18
2.94
$680,950

2.27
1.33
0.36
0.42
0.15
0.56
0.08
1.89
$794,537

2.87
1.89
0.34
0.35
0.13
0.51
0.05
1.18
$1,102,304

3.09
2.39
0.33
0.42
0.41
0.48
0.21
1.06
$1,891,121

3.57
2.82
0.30
0.34
0.41
0.42
0.17
0.79
$2,101,798

$2,040,700

$2,268,579

$2,438,638

$3,222,747

$3,421,716

3.85
2.64
5.84

3.64
2.19
5.89

3.66
2.07
6.48

4.72
2.97
8.53

$902,714
44.91%
164
Jun 11

$908,645
57.46%
210
Jul 27

4.62
2.69
8.85

Copyright, 2010, Jaxworks, All Rights Reserved.

Forecast
$1,626,160
$885,186
$740,974
$53,062
$1,641,795
$1,240,387
$868,271
Forecast
$3,358,260
$3,793,055
$602,253
$600,914
($5,500)
($20,000)
$5,272,970
$5,670,557
$862,634
$903,601
$617,000
$602,000
$1,479,634
$1,505,601
$3,793,336
$4,164,956
$5,272,970
$5,670,557
Forecast
$2,157,517
$2,599,107
Forecast
$913,656
$918,668
58.64%
59.82%
214
218
Aug 01
Aug 05
Forecast
3.99
4.41
3.19
3.53
0.28
0.27
0.31
0.29
0.47
0.53
0.39
0.36
0.17
0.18
0.66
0.56
$2,495,626
$2,889,454
Forecast
$3,793,336
$4,164,956
Forecast
4.89
5.15
2.77
2.86
9.71
10.58
$1,643,130
$887,901
$755,229
$52,624
$1,396,158
$1,101,471
$771,030

$1,609,190
$882,470
$726,720
$53,499
$1,887,432
$1,379,302
$965,511

Caution
Caution
Caution
Caution
Caution
Good
Good

$4,227,851
$599,575
($34,500)
$6,068,145
$944,569
$587,000
$1,531,569
$4,536,576
$6,068,145

Good
Good
Caution
Good
Good
Good
Good
Good
Good

$3,040,698

Good

$923,679
61.00%
223
Aug 09

Good
Good
Good
Good

4.82
3.84
0.25
0.27
0.60
0.34
0.19
0.49
$3,283,282

Good
Good
Good
Good
Good
Good
Good
Good
Good

$4,536,576

Good

5.41
2.95
11.44

Good
Good
Good

Revenue Operations
What-if Trial Projections

Projected

Sales
Cost of Goods Sold
Gross profit
Total expenses
Operating income
Other Income
Taxes
Net Income

2004

2005

2006

2007

2004

2005

2006

2007

2,000,000

1,500,000

1,300,000

2,010,100

2,000,000

1,500,000

1,300,000

2,010,100

945,000

865,000

833,000

946,616

945,000

865,000

833,000

946,616

1,055,000

635,000

467,000

1,063,484

1,055,000

635,000

467,000

1,063,484

474,000

369,458

327,058

477,599

474,000

369,458

327,058

477,599

581,000

265,542

139,942

585,885

581,000

265,542

139,942

585,885

120,000

60,000

103,000

605,700

120,000

60,000

103,000

605,700

210,300

97,663

72,883

357,475

210,300

97,663

72,883

357,475

490,700

227,879

170,059

834,109

490,700

227,879

170,059

834,109

Projected

2,500,000
2,000,000
1,500,000
1,000,000
500,000
0

2004

Sales

Cost of Goods Sold

2005

Gross profit

Total expenses

2006

Operating income

2007

Other Income

Taxes

Net Income

What-if Trial Projections

2,500,000
2,000,000
1,500,000
1,000,000
500,000
0

2004

Sales

Cost of Goods Sold

2005

Gross profit

Total expenses

2006

Operating income

2007

Other Income

Copyright, 2010, Jaxworks, All Rights Reserved.

Taxes

Net Income

Income Statement Charts


$2,500,000

Sales
Cost of Goods Sold
Gross Profit (Margin)
Total Operating Expenses
Earnings Before Inc.Taxes
Net Income After Taxes

$2,000,000
$945,000
$1,055,000
$474,000
$701,000
$490,700

Sales

$1,500,000
$865,000
$635,000
$369,458
$325,542
$227,879

$1,300,000
$833,000
$467,000
$327,058
$242,942
$170,059

$2,010,100
$946,616
$1,063,484
$477,599
$1,191,585
$834,109

$2,000,000
$1,500,000

$1,000,000
$500,000
$0

2004

2007

2006

2006

2005

2005

2004

2004

Sales
2007

2006

2006

2005

2005

2004

2004

Sales

Total Operating Expenses

Earnings Before Inc.Taxes

Net Income After Taxes

Sales

2004

2005

2007

2006

2006

2005

2005

2004

2004

Sales

2004

2007

2006

2006

2005

2005

2004

2004

Sales
2007

2006

2006

2005

2005

2004

2004

2007

2004

2005

2004

2006

2005

2007

2004

2005

2006

2005

2007

2004

2006

2005

Copyright, 2010, Jaxworks, All Rights Reserved.

Copyright, 2010, Jaxworks, All Rights Reserved.

2006

2007

2005

2006

2007

2006

2007

EBIT

2007

2004

Sales

2004

2007

Expenses

Sales

2004

2006

Gross Profit

Sales

Net Income

2007

2006

2005

EBIT

2007

COG

Sales

Expenses

2007

2007
Gross Profit (Margin)

Gross Profit

2007

2006

Cost of Goods Sold

COG

2007

2005

Sales

2005

Net Income

2006

2007

2004

2005

2006

2007

Revenue
Sales Projection
1ST QTR

$2,000,000

2ND QTR

$1,500,000

3RD QTR

$1,300,000

4TH QTR

$2,010,100

5TH QTR

$1,660,100

6TH QTR

$1,643,130

7TH QTR

$1,626,160

8TH QTR

$1,609,190

$2,500,000
$2,000,000
$1,500,000
$1,000,000

$500,000
$0
2004

2005

2006

2007

2008

2009

2010

2011

Cost of Goods
Cost of Goods Projection
1ST QTR

$945,000

$960,000

2ND QTR

$865,000

$940,000

3RD QTR

$833,000

$900,000

4TH QTR

$946,616

5TH QTR

$890,616

6TH QTR

$887,901

7TH QTR

$885,186

8TH QTR

$882,470

$920,000

$880,000
$860,000
$840,000
$820,000
$800,000

$780,000
$760,000
2004

2005

2006

2007

2008

2009

2010

2011

Gross Profit
Gross Profit Projection
1ST QTR

$1,055,000

$1,200,000

2ND QTR

$635,000

$1,000,000

3RD QTR

$467,000

4TH QTR

$1,063,484

5TH QTR

$769,484

6TH QTR

$755,229

7TH QTR

$740,974

8TH QTR

$726,720

$800,000
$600,000

$400,000
$200,000
$0
2004

2005

2006

2007

2008

2009

2010

2011

General & Administrative Expenses


G&A Expenses Projection
1ST QTR

$50,000

$54,000

2ND QTR

$51,458

$53,000

3RD QTR

$51,458

4TH QTR

$51,458

5TH QTR

$52,187

6TH QTR

$52,624

7TH QTR

$53,062

8TH QTR

$53,499

$52,000

$51,000
$50,000

$49,000
$48,000

2004

2005

2006

2007

2008

2009

2010

2011

Total Operating Expenses


Total Operating Expenses Projection
1ST QTR

$474,000

$2,000,000

2ND QTR

$369,458

$1,800,000

3RD QTR

$327,058

$1,400,000

4TH QTR

$477,599

5TH QTR

$1,648,115

6TH QTR

$1,396,158

7TH QTR

$1,641,795

8TH QTR

$1,887,432

$1,600,000
$1,200,000
$1,000,000

$800,000
$600,000
$400,000
$200,000
$0
2004

2005

2006

2007

2008

2009

2010

2011

2008

2009

2010

2011

2008

2009

2010

2011

Earnings Before Taxes


Earnings Before Taxes Projection
1ST QTR

$701,000

$1,400,000

2ND QTR

$325,542

$1,200,000

3RD QTR

$242,942

$1,000,000

4TH QTR

$1,191,585

$800,000

5TH QTR

$962,556

$600,000

6TH QTR

$1,101,471

$400,000

7TH QTR

$1,240,387

8TH QTR

$1,379,302

$200,000

$0
2004

2005

2006

2007

Net Income
Net Income Projection
1ST QTR

$490,700

$1,000,000

2ND QTR

$227,879

$900,000

3RD QTR

$170,059

$700,000

4TH QTR

$834,109

5TH QTR

$673,789

6TH QTR

$771,030

7TH QTR

$868,271

8TH QTR

$965,511

$800,000
$600,000

$500,000
$400,000
$300,000
$200,000
$100,000
$0

2004

2005

2006

2007

Copyright, 2010, Jaxworks, All Rights Reserved.

Projected Income Statement Chart

2,500,000

2,000,000

1,500,000

1,000,000

500,000

0
2004

Sales

2005

Cost of Goods Sold

Gross profit

2006

Total expenses

Operating income

Other Income

Copyright, 2006, Jaxworks, All Rights Reserved.

2007

Taxes

Net Income

What-if Trial Projections Income Statement Chart

2,500,000

2,000,000

1,500,000

1,000,000

500,000

0
2004

Sales

2005

Cost of Goods Sold

Gross profit

2006

Total expenses

Operating income

Other Income

Copyright, 2006, Jaxworks, All Rights Reserved.

2007

Taxes

Net Income

FINANCIAL RATIOS
Description
Altman Z Score - Publicly Held
Altman Z Score - Privately Held
Altman Z Score - Non-manufacturing
Liquidity Ratios
Current Ratio
Quick Ratio
Activity Ratios
Days Sales in AR
Inventory Turnover
Days Inventory
Net Sales to Inventory
Days Purchases in AP
Working Capital
Net Sales to Working Capital
Total Assets to Net Sales
Net Sales to AR
Net Sales to Net Fixed Assets
Net Sales to Total Assets
Net Sales to Net Worth
Amortization and Depreciation Expense to Net Sales
Profitability Ratios
Gross Profit Percentage
Operating Expenses as % of Net Sales
Return on Total Assets
Return on Net Worth
Return on Net Sales
Income before tax to Net Worth
Income before tax to Total Assets
Retained Earning to Net Income
Coverage Ratios
Times Interest Earned
Interest Expense to Net Sales
Current Liabilities to Net Worth
Current Liabilities to Inventory
AP to Net Sales
Total Liabilities to Net Worth
Net Worth to Total Liabilities

2004
3.85
2.64
5.84

2005
3.64
2.19
5.89

2006
3.66
2.07
6.48

2007
4.72
2.97
8.53

1.90
1.07

2.27
1.33

2.87
1.89

3.09
2.39

39.45
1.50
80.05
3.17
41.75
$680,950
2.94
1.75
3.04
1.00
0.57
0.98
0.025

39.45
1.46
81.98
2.54
45.61
$794,537
1.89
2.37
3.04
0.76
0.42
0.66
0.034

39.45
1.45
82.86
2.26
47.36
$1,102,304
1.18
2.84
3.04
0.66
0.35
0.53
0.040

39.45
1.50
80.02
3.18
41.68
$1,891,121
1.06
2.38
3.04
1.04
0.42
0.62
0.026

52.75%
23.70%
14.00%
24.05%
24.54%
34%
20%
385%

42.33%
24.63%
6.42%
10.05%
15.19%
14%
9%
930%

35.92%
25.16%
4.61%
6.97%
13.08%
10%
7%
1346%

52.91%
23.76%
17.43%
25.88%
41.50%
37%
25%
368%

43.14
0.01
0.37
1.20
0.16
0.72
1.39

20.03
0.01
0.28
1.06
0.22
0.56
1.77

14.95
0.01
0.24
1.03
0.25
0.51
1.95

73.33
0.01
0.28
1.43
0.16
0.48
2.06

Copyright, 2010, Jaxworks, All Rights Reserved.

Key Financial Indicators - 4 Financial Periods


Bankruptcy Predictors
Altman Z Score - Publicly Held
5.00

Altman Z Score - Privately Held


3.00

7.00

2.00

6.00

3.00
2.50

5.00

1.50

4.00

2.00
1.00

1.50
1.00

3.00
2.00

0.50

1.00

0.50
-

$1,600,000
$1,400,000
$1,200,000
$1,000,000
$800,000
$600,000
$400,000
$200,000
$0

8.00

2.50

3.50

Cash Flow

9.00

4.50
4.00

Altman Z Score - Non-manufacturing

Revenue
Sales

Cost of Sales

$2,500,000

Gross Profit

$960,000

Gross Profit Percentage

$1,200,000

60.00%

$1,000,000

50.00%

$800,000

40.00%

$600,000

30.00%

$400,000

20.00%

$940,000
$2,000,000

$920,000
$900,000

$1,500,000

$880,000
$860,000

$1,000,000

$840,000
$820,000

$500,000

$800,000

$200,000

10.00%

$780,000
$0

$760,000
1

$0

0.00%
1

Expenses
Operating Expenses

Interest, Depreciation, Amortization

$450,000
$400,000
$350,000
$300,000
$250,000
$200,000
$150,000
$100,000
$50,000
$0
1

Total Expenses

Operating Income

$52,000

$600,000

$700,000

$51,500

$500,000

$600,000

$51,000

$400,000

$50,500

$300,000

$50,000

$200,000

$49,500

$100,000

$49,000

$0

$500,000
$400,000
$300,000
$200,000
$100,000
$0
1

Profit
Net Income Before Taxes

Taxes

$1,400,000

Net Income

$400,000
$350,000
$300,000
$250,000
$200,000
$150,000
$100,000
$50,000
$0

$1,200,000
$1,000,000
$800,000
$600,000
$400,000
$200,000
$0
1

Retained Earnings

$900,000
$800,000
$700,000
$600,000
$500,000
$400,000
$300,000
$200,000
$100,000
$0

$2,500,000
$2,000,000
$1,500,000
$1,000,000
$500,000
$0
1

Assets and Liabilities


Current Assets

Total Assets

$3,000,000

$6,000,000

$2,500,000

$5,000,000

$2,000,000

$4,000,000

$1,500,000

$3,000,000

$1,000,000

$2,000,000

$500,000

Current Liabilities
$1,000,000
$900,000
$800,000
$700,000
$600,000
$500,000
$400,000
$300,000
$200,000
$100,000
$0

$1,000,000

$0

$0
1

Total Liabilities

$1,800,000
$1,600,000
$1,400,000
$1,200,000
$1,000,000
$800,000
$600,000
$400,000
$200,000
$0
1

Ratios
Current Ratio

Quick Ratio

3.50

3.00

3.00

2.50

2.50

Working Capital

2.00

2.00

1.50

1.50

1.00

1.00
0.50

0.50

Net Worth

$2,000,000
$1,800,000
$1,600,000
$1,400,000
$1,200,000
$1,000,000
$800,000
$600,000
$400,000
$200,000
$0
1

$3,500,000
$3,000,000
$2,500,000
$2,000,000
$1,500,000
$1,000,000
$500,000
$0
1

Copyright, 2010, Jaxworks, All Rights Reserved.

Key Financial Ratios Indicators - 4 Financial Periods


Activity Ratios
Days Sales in Accounts Receivables
39.45
39.45
39.45
39.45
39.45
39.45
39.45
39.45
39.45
39.45

Inventory Turnover

Days Inventory

1.51
1.50
1.49
1.48
1.47
1.46
1.45
1.44
1.43
1.42
1

Days Purchases in AP

0.50
2

2.50

3.04

3.04

1.00

3.04
3.04
3.04

Net Sales to Total Assets

Net Sales to Net Worth

0.60

1.20

1.00

0.50

1.00

0.80

0.40

0.80

0.60

0.30

0.60

0.40

0.20

0.40

0.20

0.10

0.20

Amort. and Dep. Expense to Net Sales


0.045
0.040
0.035
0.030
0.025
0.020
0.015
0.010
0.005
-

3.04

1.50

0.50

3.04

2.00

0.50

Net Sales to AR

3.00

Net Sales to Net Fixed Assets

1.00

1.20

1.50

3.04

1.00

2.00

Total Assets to Net Sales

1.50

2.50

3.00

2.00

3.00

3.50
2.50

3.50

Net Sales to Working Capital

48.00
47.00
46.00
45.00
44.00
43.00
42.00
41.00
40.00
39.00
38.00

Net Sales to Inventory

83.50
83.00
82.50
82.00
81.50
81.00
80.50
80.00
79.50
79.00
78.50

Profitability Ratios
Gross Profit Percentage

Operating Expenses as % of Net Sales

60.00%

25.50%

50.00%

25.00%

40.00%

24.50%

30.00%

24.00%

20.00%

23.50%

10.00%

23.00%

0.00%

22.50%
1

Return on Net Sales

40%
35%
30%
25%
20%
15%
10%
5%
0%
1

Return on Net Worth


30.00%
25.00%
20.00%
15.00%
10.00%
5.00%
0.00%

Income before tax to Net Worth

45.00%
40.00%
35.00%
30.00%
25.00%
20.00%
15.00%
10.00%
5.00%
0.00%

Return on Total Assets


20.00%
18.00%
16.00%
14.00%
12.00%
10.00%
8.00%
6.00%
4.00%
2.00%
0.00%
1

Income before tax to Total Assets


30%

20%
15%
10%
5%
0%
1

Retained Earning to Net Income


1600%
1400%
1200%
1000%
800%
600%
400%
200%
0%

25%

Coverage Ratios
Times Interest Earned

Interest Expense to Net Sales

80.00
70.00
60.00
50.00
40.00
30.00
20.00
10.00
-

0.01
0.01
0.01
0.01
0.01
0.00
0.00
1

Current Liabilities to Net Worth


0.40
0.35
0.30
0.25
0.20
0.15
0.10
0.05
-

Current Liabilities to Inventory


1.60
1.40
1.20
1.00
0.80
0.60
0.40
0.20
-

Copyright, 2010, Jaxworks, All Rights Reserved.

Optimal Performance Analysis - 4 Periods


Average Actual
4 Year Performance
$

Total Sales
Total Cost of Goods Sold
Gross Profit
Total Operating Expenses
Operating Income
Net Income (Loss)

$1,702,525
$897,404
$805,121
$412,029
$393,092
$430,687

Based on this analysis, the firm has the potential for


proper expense controls in place.

Optimal
Performance
$

100.00%
52.71%
47.29%
24.20%
23.09%
25.30%

$403,422

Variance

$2,010,100
$833,000
$1,063,484
$327,058
$585,885
$834,109

100.00%
41.44%
52.91%
16.27%
29.15%
41.50%

$307,575
($64,404)
$258,363
($84,971)
$192,793
$403,422

in added profits with increased sales and

This analysis has the sole purpose to show how, if everything comes together, the results of maximum efficiency can result
in increased Net Profit.

$2,500,000
$2,000,000
$1,500,000
$1,000,000

$500,000
$0
Average Actual
4 Year Performance
Total Sales

Total Cost of Goods Sold

Gross Profit

Optimal
Performance
Total Operating Expenses

Operating Income

Copyright, 2010, Jaxworks, All Rights Reserved.

Net Income (Loss)

Break-Even Analysis 4 Periods


2004

2005

2006

2007

Average

Sales

$2,000,000

$1,500,000

$1,300,000

$2,010,100

$1,702,525

Contribution Margin

$1,055,000

$635,000

$467,000

$1,063,484

$805,121

52.75%

42.33%

35.92%

52.91%

47.29%

$474,000

$369,458

$327,058

$477,599

$412,029

23.70%

24.63%

25.16%

23.76%

24.20%

$898,578

$872,735

$910,440

$902,714

$896,117

44.93%

58.18%

70.03%

44.91%

Contribution Margin Ratio


Total Fixed Expenses
Total Fixed Expenses Ratio
Break-Even Sales
Break-Even %
Date of Break-Even

6/11

7/30

9/11

6/11

Operating Profit

$581,000

$265,542

$139,942

$585,885

51.18%
7/4
$393,092

Break-Even Analysis First Period


$2,500,000
$2,000,000
$1,500,000
$1,000,000
$500,000

Copyright, 2010, Jaxworks, All Rights Reserved.

Jan

Dec

Nov

Oct

Sep

Aug

Jul

Jun

May

Apr

Mar

Feb

Jan

$0

Bankruptcy Predictions
Account
Descriptions

Sales

Retained Earnings

EBIT

Cash Flow

Sales

Working Capital

Accounts Receivable-Beginning
Accounts Receivable-Ending
Cash
Cash Flow
Current Assets
Current Liabilities
EBIT
Equity
Fixed Assets
Interest
Inventory-Beginning
Inventory-Ending
Long Term Debt
Market Value of Equity
Marketable Securities
Net Profit before Interest and Taxes
Retained Earnings
Sales
Tangible Total Assets
Total Assets
Total Liabilities
Working Capital

2004

2005

2006

2007

350,000
657,534
90,360
90,360
1,438,305
757,355
701,000
2,040,700
2,005,000
16,250
400,000
630,411
500,000
2,040,700
20,000
581,000
1,890,700
2,000,000
28,750
3,505,055
1,464,355
680,950

657,534
493,151
289,233
289,233
1,418,433
623,896
325,542
2,268,579
1,983,542
16,250
630,411
590,959
500,000
2,268,579
50,000
265,542
2,118,579
1,500,000
27,500
3,549,475
1,280,896
794,537

493,151
427,397
614,196
614,196
1,693,091
590,787
242,942
2,438,638
1,962,084
16,250
590,959
575,178
500,000
2,438,638
100,000
139,942
2,288,638
1,300,000
26,250
3,686,425
1,247,787
1,102,304

427,397
660,855
1,454,008
1,454,008
2,796,071
904,950
1,191,585
3,222,747
1,940,626
16,250
575,178
631,208
500,000
3,222,747
200,000
585,885
3,072,747
2,010,100
25,000
4,784,697
1,561,950
1,891,121

Predictor
ID
L
L
L
F
Z, S
All
Z, S, F
F
L
F
L
L
L
Z
L
S, L
Z, F
ALL except Z3
F
All
Z, F
Z, S, F

Instructions

These figures are linked to


the Master Data Entry
worksheet.

The Predictor ID Codes


indicate
the
individual
analyses that use the
numbers:
Z = Z-Scores
S = Springate
L = Logit Analysis
F = Fulmer H-Factor
All = All Predictors

Predictions
Z Score: If Publicly Held
1.2 x (working capital / total assets)
1.4 x (retained earn / total assets)
3.3 x (EBIT / total assets)
.6 x (market value equity / total liabilities)
.999 x (sales / total assets)
Z Score: If Publicly Held

2004
0.2331
0.7552
0.6600
0.8361
0.5700
3.05

2005
0.2686
0.8356
0.3027
1.0627
0.4222
2.89

2006
0.3588
0.8692
0.2175
1.1726
0.3523
2.97

2007
0.4743
0.8991
0.8218
1.2380
0.4197
3.85

TREND

Z Score: If Privately Held


.717 x (working capital / total assets)
.847 x (retained earn / total assets)
3.107 x (EBIT / total assets)
.042 x (market value equity / total liabilities)
.998 x (sales / total assets)
Z Score: If Privately Held

2004
0.1393
0.4569
0.6214
0.0585
0.5695
1.85

2005
0.1605
0.5055
0.2850
0.0744
0.4218
1.45

2006
0.2144
0.5258
0.2048
0.0821
0.3519
1.38

2007
0.2834
0.5439
0.7738
0.0867
0.4193
2.11

TREND

Z Score: Non-Manufacturing
6.56 x (working capital / total assets)
3.26 x (retained earn / total assets)
6.72 x (EBIT / total assets)
1.05 x (market value equity / total liabilities)
Z Score: Non-Manufacturing

2004
1.2745
1.7585
1.3440
1.4633
5.84

2005
1.4684
1.9458
0.6163
1.8596
5.89

2006
1.9616
2.0239
0.4429
2.0521
6.48

2007
2.5928
2.0936
1.6736
2.1664
8.53

TREND

2004
680,950
581,000
3,505,055
701,000
757,355
2,000,000

2005
794,537
265,542
3,549,475
325,542
623,896
1,500,000

2006
1,102,304
139,942
3,686,425
242,942
590,787
1,300,000

2007
1,891,121
585,885
4,784,697
1,191,585
904,950
2,010,100

TREND

0.19428
0.20000
0.92559
0.57060
1.65

0.22385
0.09172
0.52179
0.42260
1.03

0.29902
0.06590
0.41122
0.35265
0.92

0.39524
0.24904
1.31674
0.42011
2.21

2004
90,360
20,000
350,000
657,534
400,000
630,411
2,005,000
3,505,055
757,355
500,000
2,000,000
581,000

2005
289,233
50,000
657,534
493,151
630,411
590,959
1,983,542
3,549,475
623,896
500,000
1,500,000
265,542

2006
614,196
100,000
493,151
427,397
590,959
575,178
1,962,084
3,686,425
590,787
500,000
1,300,000
139,942

2007
1,454,008
200,000
427,397
660,855
575,178
631,208
1,940,626
4,784,697
904,950
500,000
2,010,100
585,885

0.23883
-0.034
-1.651
-0.339
3.117
0.103
-0.792
0.083
0.725
32.62%
1
2004
0.5394
0.5706
0.3435
0.0617
0.4178
0.2161
4.4586
0.4650
1.6349

0.23883
-0.043
-1.321
-1.030
4.101
0.044
-0.743
0.059
1.306
21.31%
2
2005
0.5969
0.4226
0.1435
0.2258
0.3609
0.1758
4.4393
0.6203
1.3018

0.23883
-0.048
-1.176
-2.088
5.940
0.022
-0.703
0.046
2.232
9.69%
3
2006
0.6208
0.3526
0.0996
0.4922
0.3385
0.1603
4.4191
0.8834
1.1746

0.23883
-0.034
-1.657
-3.727
7.863
0.073
-0.561
0.056
2.253
9.51%
4
2007
0.6422
0.4201
0.3697
0.9309
0.3264
0.1891
4.3979
1.2107
1.8653

3.30
0.09
0.01
0.29
-0.04
0.41
2.55
0.67
1.16
8.44
-6.08
2.37

3.43
0.07
0.01
0.63
-0.04
0.37
2.54
0.96
1.05
9.02
-6.08
2.95

3.55
0.09
0.03
1.18
-0.04
0.44
2.53
1.31
1.67
10.76
-6.08
4.68

Springate Analysis
Working Capital
Net Profit before interest and Taxes
Total Assets
Net Profit before Taxes
Current Liabilities
Sales

Working Capital/Total Assets


Net Profit before interest and Taxes/Total Assets
Net Profit before Taxes/Current Liabilities
Sales/Total Assets
Springate Analysis Z =

Logit Analysis
Cash
Marketable Securities
Accounts Receivable-Beginning
Accounts Receivable-Ending
Inventory-Beginning
Inventory-Ending
Fixed Assets
Total Assets
Current Liabilities
Long Term Debt
Sales
Income from Continuing Operations

Constant
Average Inventories/Sales
Average Receivables/Average Inventories
Cash+Marketable Securities/Total Assets
Quick Assets/Current Liabilities
Income from CO/(Total Assets-Current Liab)
Long-Term Debt/(Total Assets-Current Liab)
Sales/(Net Working Capital+Fixed Assets)
Sum of Coefficients * Ratios
Logit Analysis Probability of Bankruptcy
Fulmer H-Factor Analysis
Retained Earnings/Total Assets
Sales/Total Assets
EBIT/Equity
Cash Flow/Total Debt
Total Debt/Total Assets
Current Liabilities/Total Assets
Log Tangible Total Assets
Working Capital/Total Debt
Log EBIT/Interest

3.81 OK
Overall Trend OK

1.87 Warning - Trend Below 2.90


Overall Trend is OK

8.85 OK
Overall Trend is OK

1.84 OK - Above 0.862


Overall Trend is OK
TREND

-2% OK - Below 50%


Overall Trend is OK

5
TREND

H-Factor

Sum
Less
Fulmer H-Factor Analysis H =

2.98
0.12
0.03
0.08
-0.05
0.50
2.56
0.50
1.46
8.19
-6.08
2.11

5.10 OK
3.03 Overall Trend is OK

Copyright, 2010, Jaxworks, All Rights Reserved.

Copyright Notice
2010, JaxWorks
All rights reserved.
Specifications are subject to change without notice.
JaxDash Small Business Analysis System is a registered trademark of Jaxworks. All other brands or products are trademarks or
registered trademarks of their respective holders and should be treated as such.
This program is protected by copyright law and international treaties.Unauthorized reproduction or distribution of this program, or any
portion of it may result in severe civil and criminal penalties, and will be prosecuted to the maximum extent possible under law.

NOTICES REGARDING SOFTWARE, DOCUMENTS AND SERVICES.


IN NO EVENT SHALL JAXWORKS BE LIABLE FOR ANY SPECIAL, INDIRECT OR CONSEQUENTIAL DAMAGES OR ANY
DAMAGES WHATSOEVER RESULTING FROM LOSS OF USE, DATA OR PROFITS, WHETHER IN AN ACTION OF CONTRACT,
NEGLIGENCE OR OTHER TORTIOUS ACTION, ARISING OUT OF OR IN CONNECTION WITH THE USE OR PERFORMANCE
OF SOFTWARE, DOCUMENTS, PROVISION OF OR FAILURE TO PROVIDE SERVICES, OR INFORMATION AVAILABLE FROM
THIS PROGRAM.

Copyright, 2007, Jaxworks, All Rights Reserved.