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.

DATA SHEET

Year of Projection
Corporation Type (C or S)?
Enter Period
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 -1)

2006
C
2

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

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

Enter Period: 1 = Quarter, 2 = Year
1st Year
2nd Year
3rd Year
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
Depreciation

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

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

Copyright, 2010, 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 Year
30
30
45
60
7
20

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

 Copyright, 2010, JaxWorks, All Rights Reserved.

INCOME STATEMENT
Forecasted
2nd Year
3rd Year

4th Year

Total
4 Years

$2,000,000
$945,000

$1,500,000
$865,000

$1,300,000
$833,000

$2,010,100
$1,071,616

$6,810,100
$3,714,616

Gross profit

$1,055,000

$635,000

$467,000

$938,484

$3,095,484

Expenses
Operating expenses
Interest
Depreciation
Amortization
Total expenses

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

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

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

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

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

Operating income

$581,000

$265,542

$139,942

$460,885

$1,447,369

Other income and expenses

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

$701,000

$325,542

$242,942

$1,066,585

$2,336,069

$210,300

$97,663

$72,883

$319,975

$700,821

$490,700

$227,879

$170,059

$746,609

$1,635,248

$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

$2,985,247

$2,985,248

$320,000
$500,000
$125,000

$240,000
$500,000
$125,000

$208,000
$500,000
$125,000

$321,616
$500,000
$250,000

$1,089,616
$2,000,000
$625,000

Depreciation: Enter the numbers of years.

30 year Buildings
10 year Equipment

$12,500
$20,000

$12,083
$21,875

$12,083
$21,875

$12,083
$21,875

$48,749
$85,625

Interest: Percentages from Data sheet

10.00%
Long-Term
10.00% Short-Term

$1,250
$15,000

$1,250
$15,000

$1,250
$15,000

$1,250
$15,000

$5,000
$60,000

1st Year
Sales
Sales
Cost of sales

Income before tax

Please enter a tax percentage
Taxes @
30%
Net income
Retained earnings-beginning
Dividends paid
Retained earnings-ending

Detailed Supporting Information

Cost of sales
Direct labor
Materials
Other costs

Copyright, 2010, JaxWorks, All Rights Reserved.

BALANCE SHEET

Actual
2005
ASSETS
Current Assets
Cash and cash equivalents
Accounts receivable
Inventory
Other current assets
Total Current Assets

1st Year

Forecast
2nd Year
3rd Year

4th Year

$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

$1,267,364
$660,855
$692,852
$50,000
$2,671,071

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
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
$4,659,697

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

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
2005

1st Year

Forecast
2nd Year
3rd Year

4th Year

$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
$292,975
$83,708
$12,000
$867,450

$600,000
$100,000
$30,000
$50,000

$500,000
$90,000
$27,000
$90,000

$500,000
$90,000
$27,000
$40,000

$500,000
$90,000
$27,000
$40,000

$500,000
$90,000
$27,000
$40,000

$1,716,000

$1,464,355

$1,280,896

$1,247,787

$1,524,450

$100,000
$50,000
$1,400,000
$0
$1,550,000

$100,000
$50,000
$1,890,700
$0
$2,040,700

$100,000
$50,000
$2,118,579
$0
$2,268,579

$100,000
$50,000
$2,288,638
$0
$2,438,638

$100,000
$50,000
$2,985,247
$0
$3,135,247

$3,266,000

$3,505,055

$3,549,475

$3,686,425

$4,659,697

Positive
$0
$0

Positive
$0
$0

Positive
$0
$0

Positive
$0
$0

Y
Positive
$0

Copyright, 2010, JaxWorks, All Rights Reserved.

CASH FLOW STATEMENT

1st Year
Cash from operations
Net earnings (loss)
Add-depreciation and amortization

Forecasted
2nd Year
3rd Year

4th Year

Total
4 Years

$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

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, 2010, JaxWorks, All Rights Reserved.

CASH FLOW PROJECTIONS

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

Cash from operations

Net earnings (loss)
Add-depreciation and amortization
Net cash from operations

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

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

Forecasted-Linear Regression Analysis

5th Year
6th Year
5
6
$586,289
$657,279
$35,937
$36,374

$524,450

$263,087

$205,267

$781,817

$622,226

$693,654

($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)

($724,590)

($1,714)

$132,196

($116,149)

$312,244

$508,167

$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

$37,500

$12,500

$12,500

$12,500

($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

Net cash from financing

($123,000)

($50,000)

$0

$0

$61,500

$103,400

Net increase (decrease) in cash

($360,640)

$198,873

$324,963

$653,168

$995,970

$1,312,721

Cash at beginning of period

$451,000

$90,360

$289,233

$614,196

$533,313

$602,159

Cash at the end of period

$90,360

$289,233

$614,196

$1,267,364

$1,529,282

$1,914,880

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, 2006, JaxWorks, All Rights Reserved.

$0

($7,500)

Forecasted-Linear Regression Analysis

7th Year
8th Year
7
8
$728,270
$799,261
$36,812
$37,249
$765,082

$836,510

($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)

$704,091

$900,014

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

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

($15,000)

($22,500)

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

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

$145,300

$187,200

$1,629,472

$1,946,224

$671,005

$739,851

$2,300,477

$2,686,075

Copyright, 2006, JaxWorks, All Rights Reserved.

DATA CHART
60

Number of Days

50
40
30
20

10
0
1st Year

2nd Year

3rd Year

4th Year

Turnover

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

Copyright, 2006, JaxWorks, All Rights Reserved.

ASSET CHART
$3,000,000
$2,500,000
$2,000,000

$1,500,000
$1,000,000
$500,000
$0
1st Year

2nd Year

Current Assets

Fixed Assets

3rd Year
Intangible Assets

Copyright, 2006, JaxWorks, All Rights Reserved.

4th Year

INCOME CHART
$2,500,000
$2,000,000
$1,500,000

$1,000,000
$500,000
$0
1st Year
Sales

2nd Year
Gross Profit

Operating Expense

3rd Year
Income Before Taxes

Copyright, 2006, JaxWorks, All Rights Reserved.

4th Year

Copyright Notice
2010, JaxWorks
All rights reserved.
Specifications are subject to change without notice.

JaxWorks Corporate Analysis is a registered trademark of Jaxworks. All other brands or products are trademarks or registered trademarks of thei
holders and should be treated as such.
NOTICES REGARDING SOFTWARE, DOCUMENTS AND SERVICES.

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

Copyright, 1996-2004, JaxWorks, All Rights Reserved.

Copyright Notice

Jaxworks. All other brands or products are trademarks or registered trademarks of their respective

SERVICES.

PECIAL, INDIRECT OR CONSEQUENTIAL DAMAGES OR ANY DAMAGES WHATSOEVER

WHETHER IN AN ACTION OF CONTRACT, NEGLIGENCE OR OTHER TORTIOUS ACTION, ARISING
RMANCE OF SOFTWARE, DOCUMENTS, PROVISION OF OR FAILURE TO PROVIDE SERVICES,

Copyright, 1996-2004, JaxWorks, All Rights Reserved.