Midwest Office Systems

Balance Sheet Spreadsheet as of December 31

Year 1
ASSETS:
Cash
Accounts Receivable
Inventory
Other - A/R Officer
Prepaid
Other
Total Current Assets
Leasehold Improvements
Vehicles
Furniture/Fixtures/Office Equip
Equipment
Buildings
Land
Accumulated Depreciation
Fixed Assets (net)
Other - patent acquisition
Total Assets
LIABILITIES & NET WORTH
Notes Payable - bank
Current Portion LTD
Accounts Payable - Trade
Accruals
Other
Total Current Liabilities
Long-Term Debt (LTD)
Mortgages
Other
Total Long-Term Liabilities
Total Liabilities
Capital Stock (30,000 shares)
Additional Paid-In Capital
Retained Earnings
Net Worth
Total Liabilities and Net Worth

41,700
169,400
212,200
3,000
10,700
437,000
25,700
24,300
108,300
130,000
20,000
(85,000)
223,300
660,300

Year 2

Year 3

16,500
185,000
172,000

12,300
270,000
419,000

16,700

24,800

390,200

726,100

30,700
28,300
120,300
267,700
20,000
(106,000)
361,000
751,200

30,700
59,700
120,300
267,700
30,000
(132,000)
376,400
28,500
1,131,000

52,800
32,500
99,800
44,100
26,700
255,900
144,300

80,600
30,000
135,800
55,200
33,400
335,000
114,300

282,400
25,000
310,100
67,300
49,600
734,400
89,300

144,300
400,200

114,300
449,300

89,300
823,700

60,000

60,000

60,000

200,100
260,100
660,300

241,900
301,900
751,200

247,300
307,300
1,131,000

Trends +/ -

Midwest Office Systems

Income Statement Spreadsheet as of December 31

Sales
Cost of Goods Sold
Gross Profit
Expenses
Salary
Payroll Taxes
Advertising
Rent
Utilities
Office Supplies
Insurance
Bad Debts
Depreciation
Vehicles
Accounting
Travel/Entertainment
Ship Supplies
Taxes
Other
Total Expenses

Year 1
1,520,000
1,200,000
320,000

Year 2
1,670,000
1,336,000
334,000

Year 3
2,160,000
1,760,000
400,000

152,000
16,400
2,000
4,800
5,500
7,800
4,000
19,000
8,600
5,800
9,500
5,500
4,000
2,100
247,000

158,000
16,900
10,500

219,900
27,000
12,200

5,200
4,500
8,200
4,000
21,000
6,400
6,200
4,700
5,500
4,500
700
256,300

6,100
5,000
8,800
8,000
26,000
5,200
6,800
1,200
7,000
7,000
6,000
346,200

Operating Profit (EBIT)

73,000

77,700

53,800

Other Inocme/(Expenses)
Interest
Other Income

(26,600)
8,000

(27,600)

(49,500)
2,000

Net Profit Before Taxes

Tax
Net Profit After Tax

54,400
9,500
44,900

50,100
8,300
41,800

6,300
900
5,400

Trends +/-

Midwest Office Systems

Ratio Analysis

Year 1

Year 2

Year 3

Industry

1. Liquidity:
Current (CA/CL)
Quick (CA-Inv/CL)

2x
1x

2. Asset Management:
Inv Turn Days (COGS/Inv = N) (360/N)
A/R Turn Days (Sales/AR = N) (360/N)
A/P Turn Days (A/P * 360/COGS)
Asset Turn - (Sales/TA)

60
40
40
2.5x

3. Debt Management:
Debt Ratio (TL/TA)
DSC (EBITDA/P+I Pmts) [1]
Debt/Equity (TL/TE)

60%
2x
1.2 x

4. Profitability:
ROS (NI/Sales)
ROA (NI/TA)
ROE (NI/TE)
Gross Profit Margin (GP/Sales)

3.5%
7%
19%
22.5%

5. Market Value:
EPS (NI/Shares Outstanding)
BV (Equity/Shares Outstanding)

[1] P+I Pmts

[2] EBITDA

59,000
92,000

60,100
98,700

80,000
79,500

Midwest Office Systems

Source and Use of Funds as of December 31
Year 2

Year 3

CASH FROM OPERATING ACTIVITIES

Net Income
Depreciation
Accounts Receivable
Inventory
Other
Prepaids
Notes Payable
CPLTD
Accounts Payable
Accruals
Other
CASH FROM OPERATING ACTIVITIES

CASH FROM INVESTING ACTIVITIES

Vehicles
FF&E
Equipment
Buildings
Land
Patent
CASH FROM INVESTING ACTIVITIES

CASH FROM FINANCING ACTIVITIES

Change in LTD
CASH FROM FINANCING ACTIVITIES

Net Cash Change

Beginning Cash
Ending Cash
Note: Shaded areas are set up to calculate.
Asset Increase = Use of Cash
Asset Decrease = Source of Cash
Liability Increase = Source of Cash
Liability Decrease = Use of Cash