10 introductory Exenciser EXHIBIT 1 Magnetronics, nc. Consolidated Im Net sales Statements for Years Cost of goods sold Euding December 3, Gross profit 1995 and 1999 (thousands of dollars) interest expenses 1995 1999 $32,513 19,183 513,330 10,758 361 S 2.211 1,040 $ 1,171 $48,769 29,700 $19,069 16,541 517 2,011 704 Operating expenses Income before taves Federal income taves Net income EXHIBIT 2 Magnetronics, ac- Coasolidated Halance Sheets at December 31, 1995 and 1999 (thousands of dollars) 1995 1999 Cash Accounts receivable Inventonies 1,617 5,227 4,032 s 2,020 7,380 8,220 $17,620 5,160 510,876 4,073 Curt assets Net fixed assets Total assets $ 864 1,615 2,028 4,507 2,750 7,692 14,949 1,213 2,820 3,498 Notes payable, banks Accrued expenses and taxes Current liabilities Long-term debt Stockholders equity Total kabilines and stockholders' equity 3,056 12,193 22,780