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Master Data Entry

Income Statement

For posting over 4 periods - Click Here


Year
Year
Year
2003
2004
2005

Sales & Cost of Sales


Gross Sales

$2,010,000

Discounts/Allowances

($50,000)

Net Sales

$2,560,000
($60,000)

$2,721,800
($70,000)

Year
2006
$3,285,454
($80,000)

$1,960,000

$2,500,000

$2,651,800

$3,205,454

Direct Material Cost

$320,000

$427,600

$431,238

$432,513

Direct Labor Cost

$300,000

$315,000

$330,450

$346,364

Other Direct Costs


Total Cost of Sales

$125,000
$745,000

$128,750
$871,350

$132,613
$894,301

$136,591
$915,467

$1,215,000

$1,628,650

$1,757,500

$2,289,987

Fixed Expenses
Executive Salaries
Advertising
Auto & Truck Expenses
Depreciation
Employee Benefits
Home Office Business Expenses
Insurance
Bank Charges
Legal & Professional Services
Meals & Entertainment
Office Expense
Retirement Plans
Rent - Equipment
Rent - Office & Business Property
Repairs
Supplies
Taxes - Business & Payroll
Travel
Utilities
Other Expenses
Total Fixed Expenses

2003
$190,000
$50,000
$30,000
$5,000
$3,000
$1,000
$3,906
$2,133
$1,000
$4,000
$6,000
$1,000
$3,000
$8,750
$1,000
$1,000
$1,000
$6,230
$11,974
$0
$329,993

2004
$191,000
$51,500
$30,900
$5,150
$3,090
$1,030
$3,754
$2,197
$1,330
$4,120
$6,180
$1,030
$3,090
$9,110
$1,030
$1,030
$1,030
$6,120
$12,374
$0
$335,065

2005
$195,000
$53,045
$31,827
$45,305
$3,183
$1,061
$4,010
$2,263
$1,670
$4,244
$6,365
$1,061
$3,183
$9,544
$1,061
$1,061
$1,061
$6,010
$14,186
$0
$385,138

2006
$195,000
$54,636
$32,782
$50,464
$3,278
$1,093
$3,994
$2,331
$2,020
$4,371
$6,556
$1,093
$3,278
$9,929
$1,093
$1,093
$1,093
$5,900
$16,974
$0
$396,977

Variable Expenses
Office salaries
Employee benefits
Payroll taxes
Sales and Marketing
Telephone and telegraph
Stationary and office supplies
Bad debts
Postage
Contributions
Add Item
Add Item
Add Item
Add Item
Add Item
Miscellaneous
Total Variable Expenses

2003
$90,000
$43,000
$18,000
$14,000
$6,000
$2,110
$100
$5,557
$0
$0
$0
$0
$0
$0
$0
$178,767

2004
$102,700
$46,875
$18,540
$14,420
$6,180
$2,680
$103
$5,724
$0
$0
$0
$0
$0
$0
$0
$197,222

2005
$112,368
$47,970
$19,096
$14,853
$6,365
$3,005
$106
$5,895
$0
$0
$0
$0
$0
$0
$0
$209,659

2006
$118,647
$51,249
$19,669
$15,298
$6,556
$3,493
$109
$6,072
$0
$0
$0
$0
$0
$0
$0
$221,095

Operating expenses
Interest
Depreciation
Amortization
Other

2003
$508,760
$16,250
$32,500
$1,250
$0
$558,760

2004
$532,287
$16,738
$33,475
$1,288
$0
$583,787

2005
$594,797
$17,240
$34,479
$1,326
$0
$647,842

2006
$618,071
$17,757
$35,514
$1,366
$0
$672,707

Gross Profit
Expenses

Total expenses

Copyright, 2006, JaxWorks, All Rights Reserved.

Master Data Entry


Operating income

$656,240

$1,044,863

$1,109,658

$1,617,279

Subtotal

2003
$10,000
$20,000
$30,000

2004
$10,300
$20,600
$30,900

2005
$10,609
$21,218
$31,827

2006
$10,927
$31,855
$42,782

Income before tax

$686,240

$1,075,763

$1,141,485

$1,660,061

Income taxes

$205,872

$322,729

$342,445

$498,018

Net income

$480,368

$753,034

$799,039

$1,162,043

$670,368

$944,034

$994,039

$1,357,043

Other income and expenses


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

Return On Ownership

Copyright, 2006, JaxWorks, All Rights Reserved.

Master Data Entry


Balance Sheet
ASSETS
Current Assets
Cash and cash equivalents
Accounts receivable
Notes receivable
Inventory
Other current assets
Total Current Assets

Year
2003
$451,000
$350,000
$1,200
$400,000
$10,000
$1,212,200

Year
2004
$464,530
$460,500
$3,200
$612,000
$10,300
$1,550,530

Year
2005
$478,466
$871,315
$3,000
$824,360
$10,609
$2,187,750

Year
2006
$492,820 ####
$1,382,454
$3,400
$937,091
$10,927
$2,826,692

Fixed Assets
Land
Buildings
Equipment
Subtotal
Less-accumulated depreciation
Total Fixed Assets

2003
$1,000,000
$1,500,000
$800,000
$3,300,000
$400,000
$2,900,000

2004
$1,030,000
$1,045,000
$824,000
$2,899,000
$412,000
$2,487,000

2005
$1,106,090
$1,591,350
$948,720
$3,646,160
$424,360
$3,221,800

2006
$1,109,273
$1,739,091
$874,182
$3,722,545
$437,091
$3,285,454

Intangible Assets
Cost
Less-accumulated amortization
Total Intangible Assets

2003
$50,000
$20,000
$30,000

2004
$51,500
$20,600
$30,900

2005
$53,045
$21,218
$31,827

2006
$54,636
$21,855
$32,782

$25,000
$4,167,200

$25,750
$4,094,180

$26,523
$5,467,899

$27,318
$6,172,246

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

2003
$600,000
$100,000
$100,000
$30,000
$90,000
$16,000
$936,000

2004
$618,000
$103,000
$103,000
$30,900
$92,700
$16,480
$964,080

2005
$636,540
$106,090
$106,090
$31,827
$95,481
$16,974
$993,002

2006
$640,563
$109,273
$109,273
$32,782
$98,345
$17,484
$1,007,719

Non-Current Liabilities
Long-term debt
Deferred income
Deferred income taxes
Other long-term liabilities

2003
$601,200
$100,000
$30,000
$50,000

2004
$624,200
$103,000
$30,900
$51,500

2005
$645,630
$106,090
$31,827
$53,045

2006
$668,308
$109,273
$32,782
$54,636

$1,717,200

$1,773,680

$1,829,594

$1,872,718

2003
$100,000
100,000
$950,000
$1,400,000
$2,450,000

2004
$100,000
100,000
$678,500
$1,542,000
$2,320,500

2005
$100,000
100,000
$1,853,045
$1,685,260
$3,638,305

2006
$100,000
100,000
$2,469,710
$1,729,818
$4,299,528

$4,167,200

$4,094,180

$5,467,899

$6,172,246

$0

$0

$0

$0

Total Liabilities
Stockholders' Equity
Capital stock issued
Number of shares issued
Additional paid in capital
Retained earnings
Total Stockholders' Equity
Total Liabilities and Equity
Amount sheet is out-of-balance

Copyright, 2006, JaxWorks, All Rights Reserved.

Forecast Analysis- 12 Fiscal Periods


There are instances where 4 financial periods are not enough. This worksheet allows you to post additional periods up
to 12. You will be overwriting forecast formulas, so, be sure you save a backup copy for recovery.

Income Statement

Use this worksheet with the Financial Summary sheet that flags problem areas that are magified over time.

Gross Sales
Discounts/Allowances
Net Sales
Direct Material Cost
Direct Labor Cost
Other Direct Costs
Total Cost of Sales
Gross Profit

Year
2003
$2,010,000
($50,000)
$1,960,000
$320,000
$300,000
$125,000
$745,000

Year
2004
$2,560,000
($60,000)
$2,500,000
$427,600
$315,000
$128,750
$871,350

Year
2005
$2,721,800
($70,000)
$2,651,800
$431,238
$330,450
$132,613
$894,301

Year
2006
$3,285,454
($80,000)
$3,205,454
$432,513
$346,364
$136,591
$915,467

Year
2007
$3,641,354
($90,000)
$3,551,354
$488,132
$361,589
$140,397
$990,118

Year
2008
$4,040,170
($100,000)
$3,940,170
$522,250
$377,043
$144,261
$1,043,553

Year
2009
$4,438,986
($110,000)
$4,328,986
$556,367
$392,497
$148,124
$1,096,988

Year
2010
$4,837,803
($120,000)
$4,717,803
$590,485
$407,951
$151,988
$1,150,423

Year
2011
$5,236,619
($130,000)
$5,106,619
$624,603
$423,405
$155,851
$1,203,859

Year
2012
$5,635,435
($140,000)
$5,495,435
$658,720
$438,859
$159,715
$1,257,294

Year
2013
$6,034,251
($150,000)
$5,884,251
$692,838
$454,313
$163,578
$1,310,729

Year
2014
$6,433,067
($160,000)
$6,273,067
$726,956
$469,767
$167,442
$1,364,164

$1,215,000

$1,628,650

$1,757,500

$2,289,987

$2,561,236

$2,896,617

$3,231,998

$3,567,379

$3,902,760

$4,238,141

$4,573,522

$4,908,903

2003
$190,000
$50,000
$30,000
$5,000
$3,000
$1,000
$3,906
$2,133
$1,000
$4,000
$6,000
$1,000
$3,000
$8,750
$1,000
$1,000
$1,000
$6,230
$11,974
$0
$329,993

2004
$191,000
$51,500
$30,900
$5,150
$3,090
$1,030
$3,754
$2,197
$1,330
$4,120
$6,180
$1,030
$3,090
$9,110
$1,030
$1,030
$1,030
$6,120
$12,374
$0
$335,065

2005
$195,000
$53,045
$31,827
$45,305
$3,183
$1,061
$4,010
$2,263
$1,670
$4,244
$6,365
$1,061
$3,183
$9,544
$1,061
$1,061
$1,061
$6,010
$14,186
$0
$385,138

2006
$195,000
$54,636
$32,782
$50,464
$3,278
$1,093
$3,994
$2,331
$2,020
$4,371
$6,556
$1,093
$3,278
$9,929
$1,093
$1,093
$1,093
$5,900
$16,974
$0
$396,977

2007
$197,500
$56,159
$33,695
$70,616
$3,370
$1,123
$4,046
$2,396
$2,355
$4,493
$6,739
$1,123
$3,370
$10,326
$1,123
$1,123
$1,123
$5,790
$18,080
$0
$424,549

2008
$199,400
$57,704
$34,623
$88,270
$3,462
$1,154
$4,098
$2,462
$2,695
$4,616
$6,925
$1,154
$3,462
$10,723
$1,154
$1,154
$1,154
$5,680
$19,761
$0
$449,651

2009
$201,300
$59,250
$35,550
$105,925
$3,555
$1,185
$4,150
$2,528
$3,035
$4,740
$7,110
$1,185
$3,555
$11,120
$1,185
$1,185
$1,185
$5,570
$21,442
$0
$474,754

2010
$203,200
$60,795
$36,477
$123,580
$3,648
$1,216
$4,202
$2,594
$3,375
$4,864
$7,295
$1,216
$3,648
$11,517
$1,216
$1,216
$1,216
$5,460
$23,124
$0
$499,856

2011
$205,100
$62,340
$37,404
$141,234
$3,740
$1,247
$4,254
$2,659
$3,715
$4,987
$7,481
$1,247
$3,740
$11,914
$1,247
$1,247
$1,247
$5,350
$24,805
$0
$524,959

2012
$207,000
$63,886
$38,332
$158,889
$3,833
$1,278
$4,306
$2,725
$4,055
$5,111
$7,666
$1,278
$3,833
$12,311
$1,278
$1,278
$1,278
$5,240
$26,486
$0
$550,061

2013
$208,900
$65,431
$39,259
$176,543
$3,926
$1,309
$4,358
$2,791
$4,395
$5,235
$7,852
$1,309
$3,926
$12,708
$1,309
$1,309
$1,309
$5,130
$28,167
$0
$575,163

2014
$210,800
$66,977
$40,186
$194,198
$4,019
$1,340
$4,410
$2,857
$4,735
$5,358
$8,037
$1,340
$4,019
$13,105
$1,340
$1,340
$1,340
$5,020
$29,848
$0
$600,266

Expenses
Fixed Expenses
Executive Salaries
Advertising
Auto & Truck Expenses
Depreciation
Employee Benefits
Home Office Business Expenses
Insurance
Bank Charges
Legal & Professional Services
Meals & Entertainment
Office Expense
Retirement Plans
Rent - Equipment
Rent - Office & Business Property
Repairs
Supplies
Taxes - Business & Payroll
Travel
Utilities
Other Expenses
Total Fixed Expenses

Copyright, 2006, JaxWorks, All Rights Reserved.

Forecast Analysis- 12 Fiscal Periods


Variable Expenses
Office salaries
Employee benefits
Payroll taxes
Sales and Marketing
Telephone and telegraph
Stationary and office supplies
Bad debts
Postage
Contributions
Add Item
Add Item
Add Item
Add Item
Add Item
Miscellaneous
Total Variable Expenses

2003
$90,000
$43,000
$18,000
$14,000
$6,000
$2,110
$100
$5,557
$0
$0
$0
$0
$0
$0
$0
$178,767

2004
$102,700
$46,875
$18,540
$14,420
$6,180
$2,680
$103
$5,724
$0
$0
$0
$0
$0
$0
$0
$197,222

2005
$112,368
$47,970
$19,096
$14,853
$6,365
$3,005
$106
$5,895
$0
$0
$0
$0
$0
$0
$0
$209,659

2006
$118,647
$51,249
$19,669
$15,298
$6,556
$3,493
$109
$6,072
$0
$0
$0
$0
$0
$0
$0
$221,095

2007
$129,831
$53,734
$20,217
$15,724
$6,739
$3,941
$112
$6,241
$0
$0
$0
$0
$0
$0
$0
$236,540

2008
$139,392
$56,318
$20,774
$16,157
$6,925
$4,388
$115
$6,413
$0
$0
$0
$0
$0
$0
$0
$250,482

2009
$148,953
$58,902
$21,330
$16,590
$7,110
$4,836
$118
$6,585
$0
$0
$0
$0
$0
$0
$0
$264,424

2010
$158,514
$61,487
$21,886
$17,023
$7,295
$5,283
$122
$6,757
$0
$0
$0
$0
$0
$0
$0
$278,366

2011
$168,075
$64,071
$22,443
$17,455
$7,481
$5,731
$125
$6,929
$0
$0
$0
$0
$0
$0
$0
$292,308

2012
$177,636
$66,655
$22,999
$17,888
$7,666
$6,178
$128
$7,100
$0
$0
$0
$0
$0
$0
$0
$306,250

2013
$187,196
$69,239
$23,555
$18,321
$7,852
$6,626
$131
$7,272
$0
$0
$0
$0
$0
$0
$0
$320,192

2014
$196,757
$71,823
$24,112
$18,753
$8,037
$7,073
$134
$7,444
$0
$0
$0
$0
$0
$0
$0
$334,134

Operating expenses
Interest
Depreciation
Amortization
Other
Total expenses

2003
$508,760
$16,250
$32,500
$1,250
$0
$558,760

2004
$532,287
$16,738
$33,475
$1,288
$0
$583,787

2005
$594,797
$17,240
$34,479
$1,326
$0
$647,842

2006
$618,071
$17,757
$35,514
$1,366
$0
$672,707

2007
$661,089
$18,252
$36,503
$1,404
$0
$717,248

2008
$700,134
$18,754
$37,508
$1,443
$0
$757,838

2009
$739,178
$19,256
$38,512
$1,481
$0
$798,428

2010
$778,222
$19,758
$39,517
$1,520
$0
$839,018

2011
$817,267
$20,261
$40,521
$1,559
$0
$879,607

2012
$856,311
$20,763
$41,526
$1,597
$0
$920,197

2013
$895,355
$21,265
$42,530
$1,636
$0
$960,787

2014
$934,400
$21,767
$43,535
$1,674
$0
$1,001,376

Operating income

$656,240

$1,044,863

$1,109,658

$1,617,279

$1,843,988

$2,138,779

$2,433,570

$2,728,362

$3,023,153

$3,317,944

$3,612,735

$3,907,526

Subtotal

2003
$10,000
$20,000
$30,000

2004
$10,300
$20,600
$30,900

2005
$10,609
$21,218
$31,827

2006
$10,927
$31,855
$42,782

2007
$11,232
$32,464
$43,695

2008
$11,541
$36,082
$47,623

2009
$11,850
$39,700
$51,550

2010
$12,159
$43,318
$55,477

2011
$12,468
$46,936
$59,404

2012
$12,777
$50,554
$63,332

2013
$13,086
$54,173
$67,259

2014
$13,395
$57,791
$71,186

Income before tax

2003
$686,240

2004
$1,075,763

2005
$1,141,485

2006
$1,660,061

2007
$1,887,683

2008
$2,186,402

2009
$2,485,120

2010
$2,783,839

2011
$3,082,557

2012
$3,381,276

2013
$3,679,994

2014
$3,978,712

Income taxes

$205,872

$322,729

$342,445

$498,018

$566,305

$655,921

$745,536

$835,152

$924,767

$1,014,383

$1,103,998

$1,193,614

Net income

$480,368

$753,034

$799,039

$1,162,043

$1,321,378

$1,530,481

$1,739,584

$1,948,687

$2,157,790

$2,366,893

$2,575,996

$2,785,099

$670,368

$944,034

$994,039

$1,357,043

$1,518,878

$1,729,881

$1,940,884

$2,151,887

$2,362,890

$2,573,893

$2,784,896

$2,995,899

Other income and expenses


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

Return On Ownership

Copyright, 2006, JaxWorks, All Rights Reserved.

Forecast Analysis- 12 Fiscal Periods


Balance Sheet
ASSETS
Current Assets
Cash and cash equivalents
Accounts receivable
Notes receivable
Inventory
Other current assets
Total Current Assets

Year
2003
$451,000
$350,000
$1,200
$400,000
$10,000
$1,212,200

Year
2004
$464,530
$460,500
$3,200
$612,000
$10,300
$1,550,530

Year
2005
$478,466
$871,315
$3,000
$824,360
$10,609
$2,187,750

Year
2006
$492,820
$1,382,454
$3,400
$937,091
$10,927
$2,826,692

Year
2007
$506,553
$1,643,112
$4,300
$1,149,271
$11,232
$3,314,467

Year
2008
$520,492
$1,993,930
$4,940
$1,331,634
$11,541
$3,862,537

Year
2009
$534,432
$2,344,748
$5,580
$1,513,997
$11,850
$4,410,607

Year
2010
$548,371
$2,695,565
$6,220
$1,696,361
$12,159
$4,958,676

Year
2011
$562,311
$3,046,383
$6,860
$1,878,724
$12,468
$5,506,746

Year
2012
$576,251
$3,397,201
$7,500
$2,061,087
$12,777
$6,054,816

Year
2013
$590,190
$3,748,019
$8,140
$2,243,450
$13,086
$6,602,886

Year
2014
$604,130
$4,098,837
$8,780
$2,425,813
$13,395
$7,150,955

Fixed Assets
Land
Buildings
Equipment
Subtotal
Less-accumulated depreciation
Total Fixed Assets

2003
$1,000,000
$1,500,000
$800,000
$3,300,000
$400,000
$2,900,000

2004
$1,030,000
$1,045,000
$824,000
$2,899,000
$412,000
$2,487,000

2005
$1,106,090
$1,591,350
$948,720
$3,646,160
$424,360
$3,221,800

2006
$1,109,273
$1,739,091
$874,182
$3,722,545
$437,091
$3,285,454

2007
$1,162,318
$1,784,766
$948,542
$3,895,625
$449,271
$3,446,354

2008
$1,202,709
$1,911,128
$983,268
$4,097,104
$461,634
$3,635,470

2009
$1,243,099
$2,037,490
$1,017,995
$4,298,584
$473,997
$3,824,586

2010
$1,283,490
$2,163,852
$1,052,721
$4,500,063
$486,361
$4,013,703

2011
$1,323,881
$2,290,214
$1,087,448
$4,701,543
$498,724
$4,202,819

2012
$1,364,272
$2,416,576
$1,122,174
$4,903,022
$511,087
$4,391,935

2013
$1,404,663
$2,542,938
$1,156,900
$5,104,501
$523,450
$4,581,051

2014
$1,445,053
$2,669,301
$1,191,627
$5,305,981
$535,813
$4,770,167

Intangible Assets
Cost
Less-accumulated amortization
Total Intangible Assets

2003
$50,000
$20,000
$30,000

2004
$51,500
$20,600
$30,900

2005
$53,045
$21,218
$31,827

2006
$54,636
$21,855
$32,782

2007
$56,159
$22,464
$33,695

2008
$57,704
$23,082
$34,623

2009
$59,250
$23,700
$35,550

2010
$60,795
$24,318
$36,477

2011
$62,340
$24,936
$37,404

2012
$63,886
$25,554
$38,332

2013
$65,431
$26,173
$39,259

2014
$66,977
$26,791
$40,186

$25,000
$4,167,200

$25,750
$4,094,180

$26,523
$5,467,899

$27,318
$6,172,246

$28,079
$6,822,596

$28,852
$7,561,481

$29,625
$8,300,367

$30,398
$9,039,253

$31,170
$9,778,138

$31,943
$10,517,024

$32,716
$11,255,910

$33,488
$11,994,795

Other assets
Total Assets

Copyright, 2006, JaxWorks, All Rights Reserved.

Forecast Analysis- 12 Fiscal Periods


Balance Sheet
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

2003
$600,000
$100,000
$100,000
$30,000
$90,000
$16,000
$936,000

2004
$618,000
$103,000
$103,000
$30,900
$92,700
$16,480
$964,080

2005
$636,540
$106,090
$106,090
$31,827
$95,481
$16,974
$993,002

2006
$640,563
$109,273
$109,273
$32,782
$98,345
$17,484
$1,007,719

2007
$658,833
$112,318
$112,318
$33,695
$101,086
$17,971
$1,036,220

2008
$672,856
$115,409
$115,454
$34,636
$103,868
$18,465
$1,060,628

2009
$686,879
$118,499
$118,568
$35,570
$106,649
$18,960
$1,085,037

2010
$700,902
$121,590
$121,659
$36,498
$109,431
$19,454
$1,109,445

2011
$714,925
$124,681
$124,784
$37,435
$112,213
$19,949
$1,133,853

2012
$728,948
$127,772
$127,886
$38,366
$114,995
$20,443
$1,158,261

2013
$742,970
$130,863
$130,994
$39,298
$117,776
$20,938
$1,182,669

2014
$756,993
$133,953
$134,090
$40,227
$120,558
$21,433
$1,207,077

Non-Current Liabilities
Long-term debt
Deferred income
Deferred income taxes
Other long-term liabilities
Sub-total
Total Liabilities

2003
$601,200
$100,000
$30,000
$50,000
$781,200
$1,717,200

2004
$624,200
$103,000
$30,900
$51,500
$809,600
$1,773,680

2005
$645,630
$106,090
$31,827
$53,045
$836,592
$1,829,594

2006
$668,308
$109,273
$32,782
$54,636
$864,999
$1,872,718

2007
$690,523
$112,318
$33,695
$56,159
$892,695
$1,928,916

2008
$712,799
$115,409
$34,623
$57,704
$920,534
$1,981,162

2009
$735,074
$118,499
$35,550
$59,250
$948,373
$2,033,409

2010
$757,350
$121,590
$36,477
$60,795
$976,212
$2,085,656

2011
$779,625
$124,681
$37,404
$62,340
$1,004,051
$2,137,903

2012
$801,901
$127,772
$38,332
$63,886
$1,031,890
$2,190,150

2013
$824,176
$130,863
$39,259
$65,431
$1,059,729
$2,242,397

2014
$846,451
$133,953
$40,186
$66,977
$1,087,567
$2,294,644

Stockholders' Equity
Capital stock issued
Additional paid in capital
Retained earnings
Total Stockholders' Equity

2003
$100,000
$950,000
$1,400,000
$2,450,000

2004
$100,000
$678,500
$1,542,000
$2,320,500

2005
$100,000
$1,853,045
$1,685,260
$3,638,305

2006
$100,000
$2,469,710
$1,729,818
$4,299,528

2007
$100,000
$2,921,233
$1,872,448
$4,893,680

2008
$100,000
$3,494,600
$1,985,719
$5,580,319

2009
$100,000
$4,067,968
$2,098,990
$6,266,958

2010
$100,000
$4,641,335
$2,212,262
$6,953,597

2011
$100,000
$5,214,703
$2,325,533
$7,640,236

2012
$100,000
$5,788,070
$2,438,805
$8,326,874

2013
$100,000
$6,361,438
$2,552,076
$9,013,513

2014
$100,000
$6,934,805
$2,665,347
$9,700,152

$4,167,200

$4,094,180

$5,467,899

$6,172,246

$6,822,596

$7,561,481

$8,300,367

$9,039,253

$9,778,138

$10,517,024

$11,255,910

$11,994,795

2004
2.94
1.88
5.26

2005
3.04
1.62
5.89

2006
3.51
1.88
7.02

2007
3.83
2.01
7.92

2008
4.17
2.14
8.86

2009
4.52
2.27
9.81

2010
4.86
2.41
10.75

2011
5.21
2.54
11.69

2012
5.55
2.67
12.64

2013
5.89
2.80
13.58

2014
6.24
2.93
14.52

Total Liabilities and Equity


Altman Z-Score Analysis
Publicly Held Firm
Privately Held Firm
Service, Retail, Wholesale

2003
2.40
1.35
4.09

Prepared by JaxWorks Consultancy, Inc.

Copyright, 2006, JaxWorks, All Rights Reserved.

Financial Summary Analysis


*EBIT is Earnings Before Interest and Taxes
**Ownership is the Total Reward for being the owner=Owner Salary + Bonus + Net Income + Other

Income Statement
Net Sales
Cost of Goods Sold
Gross Profit (Margin)
G&A
Total Operating Expenses
EBIT*
Net Income After
Ownership**
Balance Sheet
Current Assets
Inventory
Other Assets
Total Assets
Current Liabilities
Non-current Liabilities
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
Working Capital
Sales/Working Capital
Market Value
Book Market Value
Plus Ownership**
Altman Z-Score Analysis
Publicly Held Firm
Privately Held Firm
Non-Manufacturing

Year

Year

Year

Year

Year

Year

Year

Year

Trend

2003

2004

2005

2006

2007

2008

2009

2010

ASSESSMENT

$1,960,000
$745,000
$1,215,000
$178,767
$558,760
$686,240
$480,368
$670,368

$2,500,000
$871,350
$1,628,650
$197,222
$583,787
$1,075,763
$753,034
$944,034

$2,651,800
$894,301
$1,757,500
$209,659
$647,842
$1,141,485
$799,039
$994,039

$3,205,454
$915,467
$2,289,987
$221,095
$672,707
$1,660,061
$1,162,043
$1,357,043

$3,641,354
$990,118
$2,651,236
$236,540
$717,248
$1,887,683
$1,321,378
$1,518,878

$1,212,200
$400,000
$10,000
$4,167,200
$936,000
$781,200
$1,717,200
$2,450,000

$1,550,530
$612,000
$10,300
$4,094,180
$964,080
$809,600
$1,773,680
$2,320,500

$2,187,750
$824,360
$10,609
$5,467,899
$993,002
$836,592
$1,829,594
$3,638,305

$2,826,692
$937,091
$10,927
$6,172,246
$1,007,719
$864,999
$1,872,718
$4,299,528

$3,314,467
$1,149,271
$11,232
$6,822,596
$1,036,220
$892,695
$1,928,916
$4,893,680

$90,360

$289,233

$614,196

$1,267,364

$1,529,282

$636,455
32.47%
119
Apr 27

$593,738
23.75%
87
Mar 26

$668,999
25.23%
92
Apr 01

1.30
0.87
0.41
0.47
0.25
0.70
0.15
$276,200
7.10

1.61
0.97
0.43
0.61
0.30
0.76
0.24
$586,450
4.26

2.20
1.37
0.33
0.48
0.30
0.50
0.18
$1,194,748
2.22

2.81
1.88
0.30
0.52
0.36
0.44
0.23
$1,818,973
1.76

3.20
2.09
0.28
0.53
0.36
0.39
0.23
$2,278,247
1.60

$2,450,000
$3,120,368

$2,320,500
$3,264,534

$3,638,305
$4,632,344

$4,299,528
$5,656,570

$4,893,680
$6,412,558

2.40
1.35
4.09

2.94
1.88
5.26

3.04
1.62
5.89

3.51
1.88
7.02

3.83
2.01
7.92

$618,603
19.30%
70
Mar 10

Forecast
$4,040,170
$4,438,986
$1,043,553
$1,096,988
$2,996,617
$3,341,998
$250,482
$264,424
$757,838
$798,428
$2,186,402
$2,485,120
$1,530,481
$1,739,584
$1,729,881
$1,940,884
Forecast
$3,862,537
$4,410,607
$1,331,634
$1,513,997
$11,541
$11,850
$7,561,481
$8,300,367
$1,060,628
$1,085,037
$920,534
$948,373
$1,981,162
$2,033,409
$5,580,319
$6,266,958
Forecast
$1,914,880
$2,300,477
Forecast
$637,046
$639,217
11.87%
8.07%
43
29
Feb 12
Jan 29
Forecast
3.64
4.06
2.39
2.67
0.26
0.24
0.53
0.53
0.38
0.39
0.36
0.32
0.24
0.24
$2,801,909
$3,325,570
1.44
1.33
Forecast
$5,580,319
$6,266,957
$7,310,200
$8,207,842
Forecast
4.17
4.52
2.14
2.27
8.86
9.81

$634,875
15.68%
57
Feb 26

$4,837,803
$1,150,423
$3,687,379
$278,366
$839,018
$2,783,839
$1,948,687
$2,151,887

Upward
Upward
Upward
Upward
Upward
Upward
Upward
Upward

$4,958,676
$1,696,361
$12,159
$9,039,253
$1,109,445
$976,212
$2,085,656
$6,953,597

Upward
Upward
Upward
Upward
Upward
Upward
Upward
Upward

$2,686,075

Upward

$641,387
4.26%
16
Jan 15

Upward
Downward
Downward
Downward

4.47
2.94
0.23
0.54
0.40
0.30
0.25
$3,849,232
1.26

Upward
Upward
Downward
Upward
Upward
Downward
Upward
Upward
Downward

$6,953,596
$9,105,483

Upward
Upward

4.86
2.41
10.75

Upward
Upward
Upward

*EBIT is Earnings Before Interest and Taxes


**Ownership is the Total Reward for being the owner=Owner Salary + Bonus + Net Income + Other

Income Statement
Smoothing Forecast - 8 Periods

2003

2004

2005

2006

2007

Balance Sheet
Smoothing Forcast - 8 Periods

2008

2009

2010

2003

Net Sales

Cost of Goods Sold

Gross Profit (Margin)

G&A

Total Operating Expenses

EBIT*

Net Income After

Ownership**

2004

Current Assets
Total Assets
Total Liabilities

Prepared by JaxWorks Consultancy, Inc.

Copyright, 2006, JaxWorks, All Rights Reserved.

2005

2006

2007

Inventory
Current Liabilities
Equity

2008

2009

2010

Other Assets
Non-current Liabilities

The Executive Summary


For

The XYZ Company


August 01, 2013

The Executive Summary of your business yields an overall picture of its financial health. We have extracted, compiled, and entered into our
analysis system all of the vital information that pertains to this specific business and yielded this summary. The primary objective is to zero
in on all of the areas that might be detracting from the bottom line.
Knowledge is power, and knowledge of your company's value is the ultimate power tool. Item 9 is the summary results of your Market
Value Analysis. The Market Value Analysis uses the 6 standard methods endorsed by The American Society of Appraisers.

Category

Your
Current

Your
Forecasted

Year

Year

2003

2007

1. Net Revenue
2. Cost of Revenue
3. Gross Profit
4. Total Operating Expenses
5. Operating Profit
6. Return on Ownership
7. Current Ratio
8. Z-Score - Publicly Held
9. Z-Score - Privately Held
10. Z-Score - Non-manufacturing

$1,960,000
$745,000
$1,215,000
$558,760
$656,240
$670,368
1.30
2.40
1.35
4.09

$3,641,354
$990,118
$2,561,236
$717,248
$1,843,988
$1,518,878
3.20
3.83
2.01
7.92

Overall Rating:

Comments
The trend in this category is positive.
The trend in this category is positive.
The trend in this category is positive.
The trend in this category is positive.
The trend in this category is positive.
The trend in this category is positive.
The trend in this category is positive.
The trend in this category is positive.
The trend in this category is positive.
The trend in this category is positive.

You meet or exceed all industry standards.

NUMBER OF EVALUATION CATEGORIES CONSIDERED=

NUMBER OF EVALUATION CATEGORIES THAT MAY NEED ASSISTANCE =

PERCENTAGE OF EVALUATION CATEGORIES THAT MAY NEED ASSISTANCE =

0%

Executive Summary
Current vs. Projected

$4,000,000
$3,500,000
$3,000,000

1. Net Revenue

$2,500,000

2. Cost of Revenue

$2,000,000

3. Gross Profit
4. Total Operating Expenses

$1,500,000

5. Operating Profit

$1,000,000

6. Return on Ownership

$500,000
$0
2003

2007

Prepared by JaxWorks Consultancy, Inc.

Copyright, 2006, JaxWorks, All Rights Reserved.

0% to 20% is Best

The XYZ Company


6200 XYZ Drive
ABC, California 00000-0000
Phone: (000) 000-0000
FAX: (000) 000-0000
E-mail: someone@xyz.com
August 01, 2013

Comparative Income Statement - 4 Periods

Sales Revenue

Cost of Sales

Income Details
Gross Sales
Discounts/Allowances
Net Sales

Gross Profit

Fixed Expenses

Other Expenses

Income Before Tax

Year

Year

Year

2003

2004

2005

$2,010,000
($50,000)

102.55%
-2.55%

$2,560,000
($60,000)

102.40%

($70,000)

Net Income (Loss)

Year
2006
%

$2,721,800

-2.40%

Income Taxes

102.64%
-2.64%

$3,285,454
($80,000)

100.00%
-2.43%

$1,960,000

100.00%

$2,500,000

100.00%

$2,651,800

100.00%

$3,205,454

97.57%

Direct Material Cost

$320,000

16.33%

$427,600

17.10%

$431,238

16.26%

$432,513

13.49%

Direct Labor Cost

$300,000

15.31%

$315,000

12.60%

$330,450

12.46%

$346,364

10.81%

Other Direct Costs

$125,000

6.38%

$128,750

5.15%

$132,613

5.00%

$136,591

4.26%

$745,000

38.01%

$871,350

34.85%

$894,301

33.72%

$915,467

28.56%

$1,215,000

61.99%

$1,628,650

65.15%

$1,757,500

66.28%

$2,289,987

71.44%

Total Cost of Sales


Gross Profit

Expenses
Fixed Expenses
Executive Salaries

$190,000

9.69%

$191,000

7.64%

$195,000

7.35%

$195,000

6.08%

Advertising

$50,000

2.55%

$51,500

2.06%

$53,045

2.00%

$54,636

1.70%

Auto & Truck Expenses

$30,000

1.53%

$30,900

1.24%

$31,827

1.20%

$32,782

1.02%

Depreciation

$5,000

0.26%

$5,150

0.21%

$45,305

1.71%

$50,464

1.57%

Employee Benefits

$3,000

0.15%

$3,090

0.12%

$3,183

0.12%

$3,278

0.10%

Home Office Business Expenses

$1,000

0.05%

$1,030

0.04%

$1,061

0.04%

$1,093

0.03%

Insurance

$3,906

0.20%

$3,754

0.15%

$4,010

0.15%

$3,994

0.12%

Bank Charges

$2,133

0.11%

$2,197

0.09%

$2,263

0.09%

$2,331

0.07%

Legal & Professional Services

$1,000

0.05%

$1,330

0.05%

$1,670

0.06%

$2,020

0.06%

Meals & Entertainment

$4,000

0.20%

$4,120

0.16%

$4,244

0.16%

$4,371

0.14%

Office Expense

$6,000

0.31%

$6,180

0.25%

$6,365

0.24%

$6,556

0.20%

Retirement Plans

$1,000

0.05%

$1,030

0.04%

$1,061

0.04%

$1,093

0.03%

Rent - Equipment

$3,000

0.15%

$3,090

0.12%

$3,183

0.12%

$3,278

0.10%

Rent - Office & Business Property

$8,750

0.45%

$9,110

0.36%

$9,544

0.36%

$9,929

0.31%

Repairs

$1,000

0.05%

$1,030

0.04%

$1,061

0.04%

$1,093

0.03%

Supplies

$1,000

0.05%

$1,030

0.04%

$1,061

0.04%

$1,093

0.03%

Taxes - Business & Payroll

$1,000

0.05%

$1,030

0.04%

$1,061

0.04%

$1,093

0.03%

Travel

$6,230

0.32%

$6,120

0.24%

$6,010

0.23%

$5,900

0.18%

$11,974

0.61%

$12,374

0.49%

$14,186

0.53%

$16,974

0.53%

$0

0.00%

$0

0.00%

$0

0.00%

$0

0.00%

$329,993

16.84%

$335,065

13.40%

$385,138

14.52%

$396,977

12.38%

Utilities
Other Expenses
Total Fixed Expenses

Copyright, 2006, JaxWorks, All Rights Reserved.

Comparative Income Statement - 4 Periods

Sales Revenue

Cost of Sales

Gross Profit

Fixed Expenses

Other Expenses

Income Before Tax

Income Taxes

Net Income (Loss)

Year

Year

Year

Year

2003

2004

2005

2006

Variable Expenses
Office salaries

$90,000

4.59%

$102,700

4.11%

$112,368

4.24%

$118,647

3.70%

Employee benefits

$43,000

2.19%

$46,875

1.88%

$47,970

1.81%

$51,249

1.60%

Payroll taxes

$18,000

0.92%

$18,540

0.74%

$19,096

0.72%

$19,669

0.61%

Sales and Marketing

$14,000

0.71%

$14,420

0.58%

$14,853

0.56%

$15,298

0.48%

Telephone and telegraph

$6,000

0.31%

$6,180

0.25%

$6,365

0.24%

$6,556

0.20%

Stationary and office supplies

$2,110

0.11%

$2,680

0.11%

$3,005

0.11%

$3,493

0.11%

$100

0.01%

$103

0.00%

$106

0.00%

$109

0.00%

$5,557

0.28%

$5,724

0.23%

$5,895

0.22%

$6,072

0.19%

Contributions

$0

0.00%

$0

0.00%

$0

0.00%

$0

0.00%

Add Item

$0

0.00%

$0

0.00%

$0

0.00%

$0

0.00%

Add Item

$0

0.00%

$0

0.00%

$0

0.00%

$0

0.00%

Add Item

$0

0.00%

$0

0.00%

$0

0.00%

$0

0.00%

Add Item

$0

0.00%

$0

0.00%

$0

0.00%

$0

0.00%

Add Item

$0

0.00%

$0

0.00%

$0

0.00%

$0

0.00%

Total Variable Expenses

$178,767

9.12%

$197,222

7.89%

$209,659

7.91%

$221,095

6.90%

Operating expenses

$508,760

25.96%

$532,287

21.29%

$594,797

22.43%

$618,071

19.28%

Interest

$16,250

0.83%

$16,738

0.67%

$17,240

0.65%

$17,757

0.55%

Depreciation

$32,500

1.66%

$33,475

1.34%

$34,479

1.30%

$35,514

1.11%

Amortization

$1,250

0.06%

$1,288

0.05%

$1,326

0.05%

$1,366

0.04%

$0

0.00%

$0

0.00%

$0

0.00%

$0

0.00%

Total expenses

$558,760

28.51%

$583,787

23.35%

$647,842

24.43%

$672,707

20.99%

Operating income

$656,240

33.48%

$1,044,863

41.79%

$1,109,658

41.85%

$1,617,279

50.45%

Gain (loss) on sale of assets

$10,000

0.51%

$10,300

0.41%

$10,609

0.40%

$10,927

0.34%

Other (net)

$20,000

1.02%

$20,600

0.82%

$21,218

0.80%

$31,855

0.99%

$30,000

1.53%

$30,900

1.24%

$31,827

1.20%

$42,782

1.33%

Income before tax

$686,240

35.01%

$1,075,763

43.03%

$1,141,485

43.05%

$1,660,061

51.79%

Income taxes

$205,872

10.50%

$322,729

12.91%

$342,445

12.91%

$498,018

15.54%

Net income

$480,368

24.51%

$753,034

30.12%

$799,039

30.13%

$1,162,043

36.25%

Return On Ownership

$670,368

34.20%

$944,034

37.76%

$994,039

37.49%

$1,357,043

42.34%

Bad debts
Postage

Other

Other income and expenses

Subtotal

Prepared by JaxWorks Consultancy, Inc.

Copyright, 2006, JaxWorks, All Rights Reserved.

The XYZ Company


6200 XYZ Drive
ABC, California 00000-0000
Phone: (000) 000-0000
FAX: (000) 000-0000
E-mail: someone@xyz.com
August 01, 2013

Comparative Balance Sheet - 4 Periods

Total Current Assets

Total Fixed Assets

ASSETS

Total Assets

Total Current Liabilities

Total Liabilities

Total Stockholders' Equity

Year

Year

Year

2003

2004

2005

Total Liabilities and Equity

Year
2006
%

Current Assets
Cash and cash equivalents

$451,000

10.82%

$464,530

11.35%

$478,466

8.75%

$492,820

7.98%

Accounts receivable

$350,000

8.40%

$460,500

11.25%

$871,315

15.94%

$1,382,454

22.40%

$1,200

0.03%

$3,200

0.08%

$3,000

0.05%

$3,400

0.06%

$400,000

9.60%

$612,000

14.95%

$824,360

15.08%

$937,091

15.18%

Notes receivable
Inventory
Other current assets

$10,000

0.24%

$10,300

0.25%

$10,609

0.19%

$10,927

0.18%

$1,212,200

29.09%

$1,550,530

37.87%

$2,187,750

40.01%

$2,826,692

45.80%

Land

$1,000,000

24.00%

$1,030,000

25.16%

$1,106,090

20.23%

$1,109,273

17.97%

Buildings

$1,500,000

36.00%

$1,045,000

25.52%

$1,591,350

29.10%

$1,739,091

28.18%

$800,000

19.20%

$824,000

20.13%

$948,720

17.35%

$874,182

14.16%

$3,300,000

79.19%

$2,899,000

70.81%

$3,646,160

66.68%

$3,722,545

60.31%

$400,000

9.60%

$412,000

10.06%

$424,360

7.76%

$437,091

7.08%

$2,900,000

69.59%

$2,487,000

60.74%

$3,221,800

58.92%

$3,285,454

53.23%

Cost

$50,000

1.20%

$51,500

1.26%

$53,045

0.97%

$54,636

0.89%

Less-accumulated amortization

$20,000

0.48%

$20,600

0.50%

$21,218

0.39%

$21,855

0.35%

Total Intangible Assets

$30,000

0.72%

$30,900

0.75%

$31,827

0.58%

$32,782

0.53%

Other assets

$25,000

0.60%

$25,750

0.63%

$26,523

0.49%

$27,318

0.44%

Total All Other Assets

$55,000

1.32%

$56,650

1.36%

$58,350

1.40%

$60,100

1.44%

$4,167,200

100.00%

$4,094,180

100.00%

$5,467,899

100.00%

$6,172,246

100.00%

Total Current Assets


Fixed Assets

Equipment
Subtotal
Less-accumulated depreciation
Total Fixed Assets
Intangible Assets

Total Assets

Copyright, 2006, JaxWorks, All Rights Reserved.

Comparative Balance Sheet - 4 Periods

Total Current Assets

Total Fixed Assets

Total Assets

Total Current Liabilities

Total Liabilities

Total Stockholders' Equity

Total Liabilities and Equity

Year

Year

Year

Year

2003

2004

2005

2006

LIABILITIES AND STOCKHOLDERS' EQUITY


Current Liabilities
Accounts payable

$600,000

14.40%

$618,000

15.09%

$636,540

11.64%

$640,563

10.38%

Notes payable

$100,000

2.40%

$103,000

2.52%

$106,090

1.94%

$109,273

1.77%

$100,000

2.40%

$103,000

2.52%

$106,090

1.94%

$109,273

1.77%

Income taxes

$30,000

0.72%

$30,900

0.75%

$31,827

0.58%

$32,782

0.53%

Accrued expenses

$90,000

2.16%

$92,700

2.26%

$95,481

1.75%

$98,345

1.59%

Other current liabilities

$16,000

0.38%

$16,480

0.40%

$16,974

0.31%

$17,484

0.28%

$936,000

22.46%

$964,080

23.55%

$993,002

18.16%

$1,007,719

16.33%

Long-term debt

$601,200

14.43%

$624,200

15.25%

$645,630

11.81%

$668,308

10.83%

Deferred income

$100,000

2.40%

$103,000

2.52%

$106,090

1.94%

$109,273

1.77%

Deferred income taxes

$30,000

0.72%

$30,900

0.75%

$31,827

0.58%

$32,782

0.53%

Other long-term liabilities

$50,000

1.20%

$51,500

1.26%

$53,045

0.97%

$54,636

0.89%

$1,717,200

41.21%

$1,773,680

43.32%

$1,829,594

33.46%

$1,872,718

30.34%

Capital stock issued

$100,000

2.40%

$100,000

2.44%

$100,000

1.83%

$100,000

1.62%

Number of shares issued

$100,000

2.40%

$100,000

2.44%

$100,000

1.83%

$100,000

1.62%

Additional paid in capital

$950,000

22.80%

$678,500

16.57%

$1,853,045

33.89%

$2,469,710

40.01%

Current portion of long-term debt

Total Current Liabilities


Non-Current Liabilities

Total Liabilities
Stockholders' Equity

$1,400,000

33.60%

$1,542,000

37.66%

$1,685,260

30.82%

$1,729,818

28.03%

Total Stockholders' Equity

Retained earnings

$2,450,000

58.79%

$2,320,500

56.68%

$3,638,305

66.54%

$4,299,528

69.66%

Total Liabilities and Equity

$4,167,200

100.00%

$4,094,180

100.00%

$5,467,899

100.00%

$6,172,246

100.00%

Prepared by JaxWorks Consultancy, Inc.

Copyright, 2006, JaxWorks, All Rights Reserved.

CASH FLOW DATA ENTRY


Year of Projection
Corporation Type (C or S)?
Operating Data
Days sales in accounts receivable
Days materials cost in inventory
Days finished goods in inventory
Days materials cost in payables
Days payroll expense accrued
Days operating expense accrued
Expense Data
Direct labor as % of sales
Other payroll as % of sales
Payroll taxes as % of payroll
Insurance as % of payroll
Legal/accounting as % of sales
Office overhead as % of sales
Financing Data (0 on)
Long term debt
Short-term debt
Capital stock issued
Additional paid-in capital
Accumulated depreciation (as of 1999)

2000
C

16.00%
12.00%
10.00%
5.00%
2.00%
3.00%

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


1st Qtr
2nd Qtr
3rd Qtr
30
30
30
30
30
30
45
45
45
60
60
60
7
7
7
20
20
20

of sales
of sales
of payroll
of payroll
of sales
of sales

$320,000
$240,000
$56,000
$28,000
$40,000
$60,000

Depreciation

Capital

$100,000
$50,000
$400,000

Copyright, 2003, JaxWorks, All Rights Reserved.

$240,000
$180,000
$42,000
$21,000
$30,000
$45,000

$208,000
$156,000
$36,400
$18,200
$26,000
$39,000

Current Portion
$100,000
$50,000

LT Portion
$500,000

4th Qtr
30
30
45
60
7
20

$321,616
$241,212
$56,283
$28,141
$40,202
$60,303
Rate
10.00%
10.00%

CASH FLOW STATEMENT


1st Qtr

Forecasted
2nd Qtr
3rd Qtr

4th Qtr

Total
4 Quarters

$490,700
$33,750

$227,879
$35,208

$170,059
$35,208

$746,609
$35,208

$1,635,247
$139,374

$524,450

$263,087

$205,267

$781,817

$1,774,621

($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)
($117,674)
$26,320
($18,000)
$0
$0
$247,092
$29,571
$0
($50,000)

($310,855)
($292,852)
($40,000)
$2,000
($271,233)
$0
$262,975
($6,292)
($4,000)
($50,000)

($724,590)

($1,714)

$132,196

($116,149)

($710,257)

$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

$653,168

$816,364

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

$1,267,364

$1,267,364

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 from 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

Copyright, 2003, JaxWorks, All Rights Reserved.

CASH FLOW PROJECTIONS - 8 YEARS


1st Qtr
1
$490,700
$33,750

Current
2nd Qtr
3rd Qtr
2
3
$227,879
$170,059
$35,208
$35,208

4th Qtr
4
$746,609
$35,208

Forecasted-Linear Regression Analysis


5th Qtr
6th Qtr
7th Qtr
8th Qtr
5
6
7
8
$586,289
$657,279
$728,270
$799,261
$35,937
$36,374
$36,812
$37,249

$524,450

$263,087

$205,267

$781,817

$622,226

$693,654

$765,082

$836,510

($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)
($117,674)
$26,320
($18,000)
$0
$0
$247,092
$29,571
$0
($50,000)

($46,814)
$5,422
$35,705
$43,500
$135,617
$0
$158,052
$28,763
$2,000
($50,000)

($34,454)
$36,876
$53,987
$60,700
$216,986
$0
$194,975
$40,897
$3,200
($65,000)

($22,094)
$68,330
$72,269
$77,900
$298,356
$0
$231,899
$53,031
$4,400
($80,000)

($9,734)
$99,784
$90,551
$95,100
$379,726
$0
$268,822
$65,165
$5,600
($95,000)

($724,590)

($1,714)

$132,196

($116,149)

$312,244

$508,167

$704,091

$900,014

$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

($360,640)

$198,873

$324,963

$653,168

$995,970

$1,312,721

$1,629,472

$1,946,224

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

$1,267,364

$1,529,282

$1,914,880

$2,300,477

$2,686,075

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 from 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

Copyright, 2003, JaxWorks, All Rights Reserved.

$0