FORECASTED BALANCE SHEET

Particulars 1988 1989

Cash 58 48
A/c Recv., net 171 222
Inventory 239 326
Current Assets 468 596
Property, net 126 140
Total Assets 594 736

Notes Payable, bank 0 146

Notes Payable, Mr. Stark 105 0
Notes Payable, Trade 0 0
A/c Payable 124 192
Accrued Expenses 24 30
Long Term Debt, Current Portion 7 7
Current Liabilities 260 375
Long Term Debt 64 57
Total Liabilities 324 432
Net Worth 270 304
Total Liabilities + Net Worth 594 736

FORECASTED BALANCE SHEET( Percentage of Net Sales)

Particulars 1988 1989
Cash 3.417796 2.384501
A/c Recv., net 10.07661 11.02832
Inventory 14.08368 16.19473
Current Assets 27.57808 29.60755
Property, net 7.424867 6.954794
Total Assets 35.00295 36.56234
0 0
Notes Payable, bank 0 7.252856
Notes Payable, Mr. Stark 6.18739 0
Notes Payable, Trade 0 0
A/c Payable 7.307012 9.538003
Accrued Expenses 1.41426 1.490313
Long Term Debt, Current Portion 0.412493 0.34774
Current Liabilities 15.32115 18.62891
Long Term Debt 3.771361 2.831595
Total Liabilities 19.09252 21.46051
Net Worth 15.91043 15.10184
Total Liabilities + Net Worth 35.00295 36.56234
E SHEET
1990 1991 1988 1989 1990 1991
41 87.89037 1697 2013 2694 3600
317 394.4617
418 549.5325
776 1031.885
157 242.4891 DEBT EQUITY RATIO 1.41744
933 1274.374 INTREST COVERAGE RATIO 2.072147
0 CURRENT RATIO 1.598067
233 190.8205 WORKING CAPITAL 386.1764
0 74.24867 ROE 0.11721
0 0 ROA 0.048485
256 316.1714
39 52.22682
7 12.24083
535 645.7082
50 101.5072
585 747.2153 1988 1989 1990
348 527.1584 Working Capital 208 221 241
933 1274.374

centage of Net Sales)

1990 1991
1.521901 2.441399
11.76689 10.95727
15.51596 15.26479
28.80475 28.66346
5.827765 6.735809
34.63252 35.39927
0 0
8.648849 5.300569
0 2.062463
0 0
9.502598 8.782538
1.447661 1.450745
0.259837 0.340023
19.85895 17.93634
1.855976 2.819644
21.71492 20.75598
12.91759 14.64329
34.63252 35.39927