Exhibit 1

Financial Statements for Tire City, Inc.

For years ending 12/31

1993

1994

1995

INCOME STATEMENT
Net sales
Cost of sales
Gross Profit

$ 16,230
9,430
6,800

$ 20,355
11,898
8,457

$ 23,505
13,612
9,893

Selling, general, and administrative expenses5,195

Depreciation
160
Net interest expense
119
Pre-tax income
1,326
Income taxes
546
Net income
$
780

6,352
180
106
1,819
822
$
997

7,471
213
94
2,115
925
$ 1,190

Dividends

155

200

240

508
2,545
1,630
4,683

609
3,095
1,838
5,542

706
3,652
2,190
6,548

BALANCE SHEET
Assets
Cash balances
Accounts receivable
Inventories
Total current assets
Gross plant & equipment
Accumulated depreciation
Net plant & equipment
Total assets
Liabilities
Current maturities
Accounts payable
Accrued expenses
Total current liabilities

3,232
1,335
1,897

3,795
1,515
2,280

4,163
1,728
2,435

$ 6,580

$ 7,822

$ 8,983

125
1,042
1,145
2,312

125
1,325
1,432
2,882

125
1,440
1,653
3,218

Long-term debt

1,000

875

750

Common stock
Retained earnings
Total shareholders' equity

1,135
2,133
3,268

1,135
2,930
4,065

1,135
3,880
5,015

$ 6,580

$ 7,822

$ 8,983

Total liabilities