Assessing a Company's Future Financial Health 19 EXHIBIT 1 Magnetronics, Inc., Consolidated Income Statements for Yoars Ending December 31, 1986 and 1990 (thousands of dollars) Net 1990 Not sales .. Cost of goods sold ..... ........ Gross protli Operating expenses........... .. Interest expense ....... "Income before takes Federal Income taxes . Nof income...... $32,513 19,183 13,330 10,758 361 2,211 1,040 $ 1,171 IS $48,769 29,700 19,089 16,541 517 2,011 704 $ 1,307 EXIBIT 2 Magictronics, Inc., Consolidated Balance Shoesnt December 31, 1986 and 1990 (thousands of dollars) 1906 1990 . . :: : : . . ..... .... Cash Acoounts receivable Inventaries .. Current assots Netfaced assets. Total assets $ 1,617 5,227 4,032 10,876 4,073 $14,949 $2.020 7300 6,220 17,620 5,160 $22,780 . ..... Notos payable, banks.... Accounts payablo . . . . . . Accrued expenses and takes .. Current liabilities . Long-lorm dobt. . . . . . . . . Stockholders' equity . . . . . . . . . Total liabilities and stockholders' eqully... $ 804 1,015 2.023 4,507 2,750 7,602 $14,949 1.213 2,620 3.498 7,531 3,050 '12,193 $22,700 Assessing a Company's Future Financial Health 19 EXHIBIT 1 Magnetronics, Inc., Consolidated Income Statements for Yoars Ending December 31, 1986 and 1990 (thousands of dollars) Net 1990 Not sales .. Cost of goods sold ..... ........ Gross protli Operating expenses........... .. Interest expense ....... "Income before takes Federal Income taxes . Nof income...... $32,513 19,183 13,330 10,758 361 2,211 1,040 $ 1,171 IS $48,769 29,700 19,089 16,541 517 2,011 704 $ 1,307 EXIBIT 2 Magictronics, Inc., Consolidated Balance Shoesnt December 31, 1986 and 1990 (thousands of dollars) 1906 1990 . . :: : : . . ..... .... Cash Acoounts receivable Inventaries .. Current assots Netfaced assets. Total assets $ 1,617 5,227 4,032 10,876 4,073 $14,949 $2.020 7300 6,220 17,620 5,160 $22,780 . ..... Notos payable, banks.... Accounts payablo . . . . . . Accrued expenses and takes .. Current liabilities . Long-lorm dobt. . . . . . . . . Stockholders' equity . . . . . . . . . Total liabilities and stockholders' eqully... $ 804 1,015 2.023 4,507 2,750 7,602 $14,949 1.213 2,620 3.498 7,531 3,050 '12,193 $22,700