INDUSTRY PAPER TOOLS RETAIL

COMPANY I J K L M N
Assets
Cash & Short-Term Investments 7.6 5.9 9.3 6.5 4.6 7.0
Receivables 8.8 10.9 18.9 23.7 1.4 17.0
Inventories 7.9 14.4 17.8 14.9 24.5 16.7
Current Assets-Other 3.0 1.4 7.0 6.9 1.5 2.5
Current Assets-Total 27.2 32.6 52.9 52.1 32.0 43.1
Net Fixed Assets 50.8 62.5 13.6 13.7 57.0 52.5
Assets-Other 5.4 3.1 11.8 8.9 2.0 4.0
Intangibles 14.6 1.9 21.4 22.3 9.0 0.6
Investments & Advances 0.0 0.0 0.0 3.0 0.0 0.0
Assets-Total 100.0 100.0 100.0 100.0 100.0 100.0

Liabilities and Equity

Accounts Payable 6.7 8.5 8.4 8.5 18.0 17.9
Debt in Current Liabilities 1.5 0.0 3.5 5.6 6.5 1.6
Income Taxes Payable 0.0 1.2 0.9 1.0 1.1 0.9
Current Liabilities-Other 6.1 7.1 19.5 14.4 10.1 5.1
Current Liabilities-Total 14.2 16.7 32.4 29.4 35.7 25.5
LT Debt 41.3 18.3 21.7 8.9 19.7 28.0
Deferred Taxes 5.0 12.0 3.1 3.3 nmf 3.0
Liabilities-Other 10.9 12.4 14.6 8.9 2.5 3.2
Liabilities-Total 75.9 59.5 71.8 51.5 58.9 59.7
Stockholders' Equity 24.1 40.5 28.2 48.5 41.1 40.3
Total Liabilities & Equity 100.0 100.0 100.0 100.0 100.0 100.0

Income/Expenses
Sales-Net 100.0 100.0 100.0 100.0 100.0 100.0
Cost of Goods Sold 75.3 82.9 61.0 51.6 75.3 67.1
Gross Profit 24.7 17.1 39.0 48.4 24.7 32.9
SG&A Expense 12.0 7.3 24.8 38.9 17.9 22.5
Depreciation 6.1 5.8 2.6 2.5 1.5 2.7
Earnings Before Interest & Taxes 6.6 4.0 11.7 6.9 5.3 7.7
Non-Operating Income (Expense) 0.4 0.1 0.6 0.1 0.8 0.0
Interest Income (Expense) 3.3 1.0 1.1 1.0 0.5 1.0
Special Items-Income (Expense) -0.8 0.0 0.0 -1.0 0.0 0.2
Pretax Income 2.9 3.1 11.2 5.1 5.6 6.5
Income Taxes-Total 0.8 1.2 3.0 1.6 2.0 2.4
Net Income (Loss) -0.1 2.0 8.4 3.4 3.6 6.8

Market Data
Beta 1.15 1.10 1.00 1.00 0.85 1.10
Price/Earnings 30.97 33.78 13.64 23.01 18.97 24.19
Price to Book 1.91 1.80 4.65 1.85 4.23 3.64
Dividend Payout 101.46 86.16 15.30 70.62 21.56 14.85

Liquidity
Current Ratio 1.91 1.95 1.63 1.77 0.90 1.69
Quick Ratio 1.15 1.01 0.87 1.03 0.17 0.94

Asset Management
Inventory Turnover 6.75 7.11 3.89 3.59 7.69 5.86
Receivables Turnover 8.68 11.64 5.82 4.42 192.73 8.31
Fixed Assets Turnover 1.43 1.86 7.63 7.50 4.50 2.70

Debt Management
Total Debt/Total Assets 42.78 18.36 25.21 14.45 26.16 29.54
LT Debt/Shareholders' Equity 171.21 45.32 77.03 18.29 47.92 69.34
Interest Coverage After Tax 1.56 2.98 8.62 4.55 8.86 4.92

DuPont Analysis
Net Profit Margin 1.87 1.96 8.17 3.39 3.59 4.02
Asset Turnover 0.73 1.20 1.11 1.09 2.54 1.47
Return on Equity 5.79 5.71 28.30 7.36 20.79 14.47
NEWSPAPERS
O P

0.6 1.1
4.6 9.9
0.8 0.8
0.7 3.8
6.6 15.5
14.1 34.6
0.1 7.2
76.8 37.1
0.7 0.0
100.0 100.0

1.4 4.8
0.8 14.9
0.3 nmf
5.1 8.7
7.5 28.3
14.4 11.9
15.0 3.3
0.7 17.5
37.5 64.5
62.5 35.5
100.0 100.0

100.0 100.0
49.7 40.5
50.3 59.5
23.0 39.7
7.0 4.1
20.2 15.6
1.3 0.4
1.9 1.6
0.0 -0.1
19.7 14.4
7.1 5.6
12.6 8.9

0.85 0.90
20.54 13.29
2.07 3.09
37.53 30.81

0.88 0.55
0.69 0.39

33.35 43.48
10.98 8.50
3.43 2.59

15.22 26.81
23.04 33.66
7.83 6.69

12.65 8.86
0.48 0.85
9.86 20.89