Bubble and Bee Organic - Pro Forma Modeling Template

Balance Sheet Income Statement

2013 2014 2015 2016 2017 2014 2015 2016 2017
Assets Revenues 1,776,168 2,042,581 2,348,986 2,701,330
Current Assets Cost of Goods Sold 357,597 408,516.15 493,286.96 567,279.25
Cash 25,567 43,008 233,340.53 342,469.29 640,953.61 Gross Margin 1,418,571 1,634,065 1,855,699 2,134,051
Receivables 32,375 35,525 40,851.62 46,979.71 54,026.60 Expenses
Inventories 131,250 143,937 163,406.46 187,918.84 216,106.38 Selling 439,512 510,645.19 610,736.23 729,359.03
Total Current Assets 189,192 222,470 437,599 577,368 911,087 General & Administrative Variable 82,514 102,129.04 117,449.28 135,066.49
###
Fixed Assets General & Administrative Fixed 572,776 675,000 725,000 775,000
PP&E 395,785 470,185 470,185 570,185 570,185 Depreciation 87,221 95,221 105,221 105,221
Less Depreciation 120,221 207,442 302,663 407,884 513,105 Total Expenses 1,182,023 1,382,995 1,558,407 1,744,647
Total Fixed Assets 275,564 262,743 167,522 162,301 57,080 EBIT 236,548 251,069 297,292 389,404
Net Interest Expense 7,535 - - ###
-
Total Assets 464,756 485,213 605,121 739,669 968,167 Taxable Income 229,013 251,069 297,292 389,404
Taxes - - - -
Liabilities & Shareholder's Equity Net Income 229,013 251,069 297,292 389,404
Current Liabilities Cash Flow Statement
Accounts Payable 44,625 53,286 81,703.23 93,959.42 108,053.19
Accrued Liabilities - - - - - Cash Provided (used) by Operations
Bank Loan 201,796 159,579 - - - Net Income 229,013 251,069 297,292 389,404
Total Current Liabilities 246,421 212,865 81,703 93,959 108,053 Plus Depreciation 87,221 95,221 105,221 105,221
Long Term Liabilities - - - - - Change in Working Capital
Total Liabilities 246,421 212,865 81,703 93,959 108,053 Decrease (increase) in Receivables (3,150) (5,327) (6,128) (7,047)
Decrease (increase) in Inventory (12,687) (19,469) (24,512) (28,188)
Shareholder's Equity Increase (decrease) in Accts. Payable 8,661 28,417 12,256 14,094
Member's Equity 150,000 150,000 150,000 150,000 150,000 Increase (decrease) in Accrued Liabilities - - - -
Retained Earnings 68,335 122,348 373,417 495,709 710,113 Cash Provided (used) by Operations 309,058 349,912 384,129 473,484
Total Shareholder's Equity 218,335 272,348 523,417 645,709 860,113 Cash Provided (used) by Investments
Additions to PP&E (74,400) - (100,000) -
Total Liabilities and Shareholder's Equity 464,756 485,213 605,121 739,669 968,167 Other Investments - - - -
Cash Provided (used) by Investments (74,400) - (100,000) -
Cash Provided (used) by Financing Activities
Assumptions 2014 2015 2016 2017 Additions (reductions) to Debt (42,217) (159,579) - -
Revenue Growth of about 15% per year Net issues of Stock - - - -
Unit Demand 126,869 143,339 161,999 183,141 (Dividends - Owner Draws) (175,000) (175,000) (175,000)
Average Selling Price $ 14.00 $ 14.25 $ 14.50 $ 14.75 Cash Provided (used) by Financing Activities (217,217) (159,579) (175,000) (175,000)
COGS % as a % of Revenues 20% 21% 21% Net increase (decrease) in cash 17,441 190,333 109,129 298,484
Selling Expense as a % of Revenues 25% 26% 27%
General and Administrative Expense
Variable G&A as a % of Revenue 5% 5% 5%
Fixed G&A Expense 675,000 725,000 775,000
Depreciation Expense
Existing Equipment 87,221 95,221 95,221 95,221
Building - 30 years - - - -
New Equipment - - 10,000 10,000
Total 87,221 95,221 105,221 105,221
Net Interest Expense - - -
Tax Rate NA due to LLC - - -
Receivables as a % of Revenues 2% 2% 2%
Inventory as a % of Revenues 8% 8% 8%
Accounts Payable as a % Revenues 4% 4% 4%
Accrued Liabilities % of Revenues - - -
Additions to PP&E - 100,000 -
Debt
Additions to Debt - Bank Loan - - -
(Reductions) to Debt - Bank Loan (159,579) - -
Additions to Debt - Long Term Debt - - -
(Reductions) to Debt - Long Term Debt - - -
Equity only financing - - -
Dividends - Owner Draws 175,000 175,000 175,000
Rental - Revenue Growth 15% 2014 2015 2016 2017
Liquidity
Current Ratio 0.90 2.24 5.78 7.37
Quick Ratio 0.30 1.20 3.78 5.37

Cash Conversion Cycle

Inventory to Sale 140.44 137.30 129.98 129.98
Sale to Cash 6.98 6.82 6.82 6.82
Purchase to Payment 49.97 60.30 64.99 64.99
Cash Conversion Cycle 97.45 83.82 71.81 71.81

Leverage Ratio
Total Debt to Assets 0.48 0.27 0.13 0.12
Interest Coverage 42.97 - - -

Profitability Ratios
Gross Profit Margin 0.80 0.80 0.79 0.79
Operating Profit Margin 0.13 0.12 0.13 0.14
Net Profit Margin 0.13 0.12 0.13 0.14
NOPAT Margin 0.13 0.12 0.13 0.14

Efficiency & Return Measures

Sales to Total Assets Ratio 3.74 3.75 3.49 3.16
Operating Return on Assets  0.50 0.46 0.44 0.46
Return on Assets 0.48 0.46 0.44 0.46
Return on Equity 0.93 0.63 0.51 0.52
 2014 2015 2016 2017
Avg Current Assets 205831 330034.3 507483.2 744227.2
Avg. Current Liabilities 229643 147284.1 87831.33 101006.3
Avg Inventories 137593.5 153671.7 175662.7 202012.6
Avg Receivables 33950 38188.31 43915.66 50503.15
Avg Payables 48955.5 67494.62 87831.33 101006.3
Avg total Assets 474984.5 545166.8 672394.7 853917.7
Avg. Equity 245341.5 397882.7 584563.4 752911.4
Avg. total debt 229643 147284.1 87831.33 101006.3
Days Inventory Outstan 140 137 130 130
Days Sales Out 7 7 7 7
Days Payable Out 48 58 62 62
Purchases 370,284 427,986 517,799 595,467
Payables Turnover 8 6 6 6
Inventory Turnover 3 3 3 3
Receivables Turnover 52 53 53 53
Bubble and Bee Organic - Pro Forma Modeling Template
Balance Sheet Income Statement
2013 2014 2015 2016 2017 2014 2015 2016 2017
Assets Revenues 1,776,168 1,807,883 1,839,601 1,871,318
Current Assets Cost of Goods Sold 357,597 361,576.65 386,316.11 392,976.73
Cash 25,567 43,008 130,073.63 186,178.84 113,795.14 Gross Margin 1,418,571 1,446,307 1,453,284 1,478,341
Receivables 32,375 35,525 36,157.67 36,792.01 37,426.36 Expenses
Inventories 131,250 143,937 144,630.66 147,168.04 149,705.42 Selling 439,512 451,970.81 478,296.13 505,255.79
Total Current Assets 189,192 222,470 310,862 370,139 300,927 General & Administrative Variable 82,514 90,394.16 91,980.03 93,565.89
###
Fixed Assets General & Administrative Fixed 572,776 675,000 725,000 775,000
PP&E 395,785 470,185 470,185 570,185 570,185 Depreciation 87,221 95,221 105,221 105,221
Less Depreciation 120,221 207,442 302,663 407,884 513,105 Total Expenses 1,182,023 1,312,586 1,400,497 1,479,043
Total Fixed Assets 275,564 262,743 167,522 162,301 57,080 EBIT 236,548 133,721 52,787 (702)
Net Interest Expense 7,535 - - ###
-
Total Assets 464,756 485,213 478,384 532,440 358,007 Taxable Income 229,013 133,721 52,787 (702)
Taxes - - - -
Liabilities & Shareholder's Equity Net Income 229,013 133,721 52,787 (702)
Current Liabilities Cash Flow Statement
Accounts Payable 44,625 53,286 72,315.33 73,584.02 74,852.71
Accrued Liabilities - - - - - Cash Provided (used) by Operations
Bank Loan 201,796 159,579 - - - Net Income 229,013 133,721 52,787 (702)
Total Current Liabilities 246,421 212,865 72,315 73,584 74,853 Plus Depreciation 87,221 95,221 105,221 105,221
Long Term Liabilities - - - - - Change in Working Capital
Total Liabilities 246,421 212,865 72,315 73,584 74,853 Decrease (increase) in Receivables (3,150) (633) (634) (634)
Decrease (increase) in Inventory (12,687) (694) (2,537) (2,537)
Shareholder's Equity Increase (decrease) in Accts. Payable 8,661 19,029 1,269 1,269
Member's Equity 150,000 150,000 150,000 150,000 150,000 Increase (decrease) in Accrued Liabilities - - - -
Retained Earnings 68,335 122,348 256,069 308,856 133,154 Cash Provided (used) by Operations 309,058 246,645 156,105 102,616
Total Shareholder's Equity 218,335 272,348 406,069 458,856 283,154 Cash Provided (used) by Investments
Additions to PP&E (74,400) - (100,000) -
Total Liabilities and Shareholder's Equity 464,756 485,213 478,384 532,440 358,007 Other Investments - - - -
Cash Provided (used) by Investments (74,400) - (100,000) -
Cash Provided (used) by Financing Activities
Assumptions 2014 2015 2016 2017 Additions (reductions) to Debt (42,217) (159,579) - -
Revenue Growth of about 15% per year Net issues of Stock - - - -
Unit Demand 126,869 126,869 126,869 126,869 (Dividends - Owner Draws) (175,000) (175,000)
Average Selling Price $ 14.00 $ 14.25 $ 14.50 $ 14.75 Cash Provided (used) by Financing Activities (217,217) (159,579) - (175,000)
COGS % as a % of Revenues 20% 21% 21% Net increase (decrease) in cash 17,441 87,066 56,105 (72,384)
Selling Expense as a % of Revenues 25% 26% 27%
General and Administrative Expense
Variable G&A as a % of Revenue 5% 5% 5%
Fixed G&A Expense 675,000 725,000 775,000
Depreciation Expense
Existing Equipment 87,221 95,221 95,221 95,221
Building - 30 years - - - -
New Equipment - - 10,000 10,000
Total 87,221 95,221 105,221 105,221
Net Interest Expense - - -
Tax Rate NA due to LLC - - -
Receivables as a % of Revenues 2% 2% 2%
Inventory as a % of Revenues 8% 8% 8%
Accounts Payable as a % Revenues 4% 4% 4%
Accrued Liabilities % of Revenues - - -
Additions to PP&E - 100,000 -
Debt
Additions to Debt - Bank Loan - - -
(Reductions) to Debt - Bank Loan (159,579) - -
Additions to Debt - Long Term Debt - - -
(Reductions) to Debt - Long Term Debt - - -
Equity only financing - - -
Dividends - Owner Draws 175,000 175,000 175,000
Rental - Revenue No Growth 2014 2015 2016 2017
Liquidity
Current Ratio 0.90 1.87 4.67 4.52
Quick Ratio 0.30 0.86 2.67 2.52

Cash Conversion Cycle

Inventory to Sale 140.44 145.65 137.85 137.87
Sale to Cash 6.98 7.24 7.24 7.24
Purchase to Payment 49.97 63.40 68.92 68.93
Cash Conversion Cycle 97.45 89.49 76.16 76.17

Leverage Ratio
Total Debt to Assets 0.48 0.30 0.14 0.17
Interest Coverage 42.97 - - -

Profitability Ratios
Gross Profit Margin 0.80 0.80 0.79 0.79
Operating Profit Margin 0.13 0.07 0.03 (0.00)
Net Profit Margin 0.13 0.07 0.03 (0.00)
NOPAT Margin 0.13 0.07 0.03 (0.00)

Efficiency & Return Measures

Sales to Total Assets Ratio 3.74 3.75 3.64 4.20
Operating Return on Assets  0.50 0.28 0.10 (0.00)
Return on Assets 0.48 0.28 0.10 (0.00)
Return on Equity 0.93 0.39 0.12 (0.00)
 2014 2015 2016 2017
Avg Current Assets 205831 266666 340500.4 335532.9
Avg. Current Liabiliti 229643 142590.2 72949.68 74218.37
Avg Inventories 137593.5 144283.8 145899.4 148436.7
Avg Receivables 33950 35841.33 36474.84 37109.18
Avg Payables 48955.5 62800.67 72949.68 74218.37
Avg total Assets 474984.5 481798.5 505411.9 445223.4
Avg. Equity 245341.5 339208.3 432462.2 371005
Avg. total debt 229643 142590.2 72949.68 74218.37
Days Inventory Outst 140 146 138 138
Days Sales Out 7 7 7 7
Days Payable Out 48 63 68 68
Purchases 370,284 362,270 388,853 395,514
Payables Turnover 8 6 5 5
Inventory Turnover 3 3 3 3
Receivables Turnove 52 50 50 50

Rental Space No Growth

Bubble and Bee Organic - Pro Forma Modeling Template
Balance Sheet Income Statement
2013 2014 2015 2016 2017 2014 2015 2016 2017
Assets Revenues 1,776,168 2,042,581 2,348,986 2,701,330
Current Assets Cost of Goods Sold 357,597 408,516.15 493,286.96 567,279.25
Cash 25,567 43,008 118,900.53 223,589.29 517,633.61 Gross Margin 1,418,571 1,634,065 1,855,699 2,134,051
Receivables 32,375 35,525 40,851.62 46,979.71 54,026.60 Expenses
Inventories 131,250 143,937 163,406.46 187,918.84 216,106.38 Selling 439,512 510,645.19 610,736.23 729,359.03
Total Current Assets 189,192 222,470 323,159 458,488 787,767 General & Administrative Variable 82,514 102,129.04 117,449.28 135,066.49
###
Fixed Assets General & Administrative Fixed 572,776 600,000 650,000 700,000
PP&E 395,785 470,185 1,570,185 1,670,185 1,670,185 Depreciation 87,221 131,888 141,888 141,888
Less Depreciation 120,221 207,442 339,330 481,218 623,106 Total Expenses 1,182,023 1,344,662 1,520,074 1,706,314
Total Fixed Assets 275,564 262,743 1,230,855 1,188,967 1,047,079 EBIT 236,548 289,402 335,625 427,737
Net Interest Expense 7,535 49,500 48,003 46,431
###
Total Assets 464,756 485,213 1,554,014 1,647,455 1,834,846 Taxable Income 229,013 239,902 287,622 381,306
Taxes - - - -
Liabilities & Shareholder's Equity Net Income 229,013 239,902 287,622 381,306
Current Liabilities Cash Flow Statement
Accounts Payable 44,625 53,286 81,703.23 93,959.42 108,053.19
Accrued Liabilities - - - - - Cash Provided (used) by Operations
Bank Loan 201,796 159,579 Net Income 229,013 239,902 287,622 381,306
Total Current Liabilities 246,421 212,865 81,703 93,959 108,053 Plus Depreciation 87,221 131,888 141,888 141,888
Long Term Liabilities - - 960,060 928,623 895,614 Change in Working Capital
Total Liabilities 246,421 212,865 1,041,763 1,022,582 1,003,667 Decrease (increase) in Receivables (3,150) (5,327) (6,128) (7,047)
Decrease (increase) in Inventory (12,687) (19,469) (24,512) (28,188)
Shareholder's Equity Increase (decrease) in Accts. Payable 8,661 28,417 12,256 14,094
Member's Equity 150,000 150,000 150,000 150,000 150,000 Increase (decrease) in Accrued Liabilities - - - -
Retained Earnings 68,335 122,348 362,250 474,872 681,178 Cash Provided (used) by Operations 309,058 375,412 411,126 502,053
Total Shareholder's Equity 218,335 272,348 512,250 624,872 831,178 Cash Provided (used) by Investments
Additions to PP&E (74,400) (1,100,000) (100,000) -
Total Liabilities and Shareholder's Equity 464,756 485,213 1,554,014 1,647,455 1,834,846 Other Investments - - - -
Cash Provided (used) by Investments (74,400) (1,100,000) (100,000) -
Cash Provided (used) by Financing Activities
Assumptions 2014 2015 2016 2017 Additions (reductions) to Debt (42,217) 800,481 (31,437) (33,009)
Revenue Growth of about 15% per year Net issues of Stock - - - -
Unit Demand 126,869 143,339 161,999 183,141 (Dividends - Owner Draws) (175,000) (175,000) (175,000)
Average Selling Price $ 14.00 $ 14.25 $ 14.50 $ 14.75 Cash Provided (used) by Financing Activities (217,217) 800,481 (206,437) (208,009)
COGS % as a % of Revenues 20% 21% 21% Net increase (decrease) in cash 17,441 75,893 104,689 294,044
Selling Expense as a % of Revenues 25% 26% 27%
General and Administrative Expense
Variable G&A as a % of Revenue 5% 5% 5%
Fixed G&A Expense 600,000 650,000 700,000
Depreciation Expense
Existing Equipment 87,221 95,221 95,221 95,221
Building - 30 years - 36,667 36,667 36,667
New Equipment - - 10,000 10,000
Total 87,221 131,888 141,888 141,888
Net Interest Expense 49,500 48,003 46,431
Tax Rate NA due to LLC - - -
Receivables as a % of Revenues 2% 2% 2%
Inventory as a % of Revenues 8% 8% 8%
Accounts Payable as a % Revenues 4% 4% 4%
Accrued Liabilities % of Revenues - - -
Additions to PP&E 1,100,000 100,000 -
Debt
Additions to Debt - Bank Loan - - -
(Reductions) to Debt - Bank Loan (159,579) - -
Additions to Debt - Long Term Debt 990,000 - -
(Reductions) to Debt - Long Term Debt  (29,940) (31,437) (33,009)
Equity only financing - - -
Dividends - Owner Draws 175,000 175,000 175,000
Building - Revenue Growth 15% 2014 2015 2016 2017
Liquidity
Current Ratio 0.90 1.85 4.45 6.17
Quick Ratio 0.30 0.81 2.45 4.17

Cash Conversion Cycle

Inventory to Sale 140.44 137.30 129.98 129.98
Sale to Cash 6.98 6.82 6.82 6.82
Purchase to Payment 49.97 60.30 64.99 64.99
Cash Conversion Cycle 97.45 83.82 71.81 71.81

Leverage Ratio
Total Debt to Assets 0.48 0.62 0.64 0.58
Interest Coverage 42.97 8.51 9.95 12.27

Profitability Ratios
Gross Profit Margin 0.80 0.80 0.79 0.79
Operating Profit Margin 0.13 0.14 0.14 0.16
Net Profit Margin 0.13 0.12 0.12 0.14
NOPAT Margin 0.13 0.14 0.14 0.16

Efficiency & Return Measures

Sales to Total Assets Ratio 3.74 2.00 1.47 1.55
Operating Return on Assets  0.50 0.28 0.21 0.25
Return on Assets 0.48 0.24 0.18 0.22
Return on Equity 0.93 0.61 0.51 0.52
 2014 2015 2016 2017
Avg Current Assets 205831 272814.3 390823.2 623127.2
Avg. Current Liabiliti 229643 147284.1 87831.33 101006.3
Avg Inventories 137593.5 153671.7 175662.7 202012.6
Avg Receivables 33950 38188.31 43915.66 50503.15
Avg Payables 48955.5 67494.62 87831.33 101006.3
Avg total Assets 474984.5 1019613 1600734 1741150
Avg. Equity 245341.5 392299.2 568561.4 728025.4
Avg. total debt 229643 627314.1 1032173 1013125
Days Inventory Outst 140 137 130 130
Days Sales Out 7 7 7 7
Days Payable Out 48 58 62 62
Purchases 370,284 427,986 517,799 595,467
Payables Turnover 8 6 6 6
Inventory Turnover 3 3 3 3
Receivables Turnove 52 53 53 53
Bubble and Bee Organic - Pro Forma Modeling Template
Balance Sheet Income Statement
2013 2014 2015 2016 2017 2014 2015 2016 2017
Assets Revenues 1,776,168 1,807,883 1,839,601 1,871,318
Current Assets Cost of Goods Sold 357,597 361,576.65 386,316.11 392,976.73
Cash 25,567 43,008 15,633.63 67,298.84 165,475.14 Gross Margin 1,418,571 1,446,307 1,453,284 1,478,341
Receivables 32,375 35,525 36,157.67 36,792.01 37,426.36 Expenses
Inventories 131,250 143,937 144,630.66 147,168.04 149,705.42 Selling 439,512 451,970.81 478,296.13 505,255.79
Total Current Assets 189,192 222,470 196,422 251,259 352,607 General & Administrative Variable 82,514 90,394.16 91,980.03 93,565.89
###
Fixed Assets General & Administrative Fixed 572,776 600,000 650,000 700,000
PP&E 395,785 470,185 1,570,185 1,670,185 1,670,185 Depreciation 87,221 131,888 141,888 141,888
Less Depreciation 120,221 207,442 339,330 481,218 623,106 Total Expenses 1,182,023 1,274,253 1,362,164 1,440,710
Total Fixed Assets 275,564 262,743 1,230,855 1,188,967 1,047,079 EBIT 236,548 172,054 91,120 37,631
Net Interest Expense 7,535 49,500 48,003 46,431
###
Total Assets 464,756 485,213 1,427,277 1,440,226 1,399,686 Taxable Income 229,013 122,554 43,117 (8,800)
Taxes - - - -
Liabilities & Shareholder's Equity Net Income 229,013 122,554 43,117 (8,800)
Current Liabilities Cash Flow Statement
Accounts Payable 44,625 53,286 72,315.33 73,584.02 74,852.71
Accrued Liabilities - - - - - Cash Provided (used) by Operations
Bank Loan 201,796 159,579 Net Income 229,013 122,554 43,117 (8,800)
Total Current Liabilities 246,421 212,865 72,315 73,584 74,853 Plus Depreciation 87,221 131,888 141,888 141,888
Long Term Liabilities - - 960,060 928,623 895,614 Change in Working Capital
Total Liabilities 246,421 212,865 1,032,375 1,002,207 970,467 Decrease (increase) in Receivables (3,150) (633) (634) (634)
Decrease (increase) in Inventory (12,687) (694) (2,537) (2,537)
Shareholder's Equity Increase (decrease) in Accts. Payable 8,661 19,029 1,269 1,269
Member's Equity 150,000 150,000 150,000 150,000 150,000 Increase (decrease) in Accrued Liabilities - - - -
Retained Earnings 68,335 122,348 244,902 288,019 279,219 Cash Provided (used) by Operations 309,058 272,145 183,102 131,185
Total Shareholder's Equity 218,335 272,348 394,902 438,019 429,219 Cash Provided (used) by Investments
Additions to PP&E (74,400) (1,100,000) (100,000) -
Total Liabilities and Shareholder's Equity 464,756 485,213 1,427,277 1,440,226 1,399,686 Other Investments - - - -
Cash Provided (used) by Investments (74,400) (1,100,000) (100,000) -
Cash Provided (used) by Financing Activities
Assumptions 2014 2015 2016 2017 Additions (reductions) to Debt (42,217) 800,481 (31,437) (33,009)
Revenue Growth of about 15% per year Net issues of Stock - - - -
Unit Demand 126,869 126,869 126,869 126,869 (Dividends - Owner Draws) (175,000)
Average Selling Price $ 14.00 $ 14.25 $ 14.50 $ 14.75 Cash Provided (used) by Financing Activities (217,217) 800,481 (31,437) (33,009)
COGS % as a % of Revenues 20% 21% 21% Net increase (decrease) in cash 17,441 (27,374) 51,665 98,176
Selling Expense as a % of Revenues 25% 26% 27%
General and Administrative Expense
Variable G&A as a % of Revenue 5% 5% 5%
Fixed G&A Expense 600,000 650,000 700,000
Depreciation Expense
Existing Equipment 87,221 95,221 95,221 95,221
Building - 30 years - 36,667 36,667 36,667
New Equipment - - 10,000 10,000
Total 87,221 131,888 141,888 141,888
Net Interest Expense 49,500 48,003 46,431
Tax Rate NA due to LLC - - -
Receivables as a % of Revenues 2% 2% 2%
Inventory as a % of Revenues 8% 8% 8%
Accounts Payable as a % Revenues 4% 4% 4%
Accrued Liabilities % of Revenues - - -
Additions to PP&E 1,100,000 100,000 -
Debt
Additions to Debt - Bank Loan - - -
(Reductions) to Debt - Bank Loan (159,579) - -
Additions to Debt - Long Term Debt 990,000 - -
(Reductions) to Debt - Long Term Debt  (29,940) (31,437) (33,009)
Equity only financing - - -
Dividends - Owner Draws 175,000 175,000 175,000
Building - No Revenue Growth 2014 2015 2016 2017
Liquidity
Current Ratio 0.90 1.47 3.07 4.07
Quick Ratio 0.30 0.46 1.07 2.07

Cash Conversion Cycle

Inventory to Sale 140.44 145.65 137.85 137.87
Sale to Cash 6.98 7.24 7.24 7.24
Purchase to Payment 49.97 63.40 68.92 68.93
Cash Conversion Cycle 97.45 89.49 76.16 76.17

Leverage Ratio
Total Debt to Assets 0.48 0.65 0.71 0.69
Interest Coverage 42.97 6.14 4.85 3.87

Profitability Ratios
Gross Profit Margin 0.80 0.80 0.79 0.79
Operating Profit Margin 0.13 0.10 0.05 0.02
Net Profit Margin 0.13 0.07 0.02 (0.00)
NOPAT Margin 0.13 0.10 0.05 0.02

Efficiency & Return Measures

Sales to Total Assets Ratio 3.74 1.89 1.28 1.32
Operating Return on Assets  0.50 0.18 0.06 0.03
Return on Assets 0.48 0.13 0.03 (0.01)
Return on Equity 0.93 0.37 0.10 (0.02)
 2014 2015 2016 2017
Avg Current Assets 205831 209446 223840.4 301932.9
Avg. Current Liabiliti 229643 142590.2 72949.68 74218.37
Avg Inventories 137593.5 144283.8 145899.4 148436.7
Avg Receivables 33950 35841.33 36474.84 37109.18
Avg Payables 48955.5 62800.67 72949.68 74218.37
Avg total Assets 474984.5 956245 1433751 1419956
Avg. Equity 245341.5 333624.8 416460.2 433619
Avg. total debt 229643 622620.2 1017291 986336.9
Days Inventory Outst 140 146 138 138
Days Sales Out 6.976677 7.236135 7.237069 7.238136
Days Payable Out 48 63 68 68
Purchases 370,284 362,270 388,853 395,514
Payables Turnover 8 6 5 5
Inventory Turnover 3 3 3 3