Case 15: Space-Age Materials, Inc.:

TABLE 3 Historical 1992 and Projected Financial Statements (in Millions Of Dollars) Balance Sheet: Cash and securities Accounts ceivable Inventories Current assets Net fixed assets Total assets Accounts payable Notes payable Accrued wages & taxes Current liabilities Long-term debt Total liabilities Common stock Retained earnings Total common equity Total liabs. & equity External funds needed (EFN) 1992 $ 2.18 7.10 8.43 $17.71 26.63 $44.34 $ 0.84 123 0.90 s 2.97 12.57 S15.54 S17_49 1.31 S28.S0 S44_34 Percentage of sales 2.46% 8.00 9.50 30.01 0.95% 1.39 1.01 N.A. 1993 s 2.62 x 10.12 31.96 $53.21 x x 1.08 x 12.57 $16.13 $17.49 15.41 $32.90 $49.04 s 4.17 2nd Pass s 2.62 x 10.12 31.96 $53.21 x x 1.08 x 13.40 $16.97 $20.83 15.20 $36.03 $52.99 $ 0.21 Projected 3rd Pass s 2.62 x 10.12 31.96 S5321 $1.01 1.48 1.08 s 3.56 13.45 $17.01 $2 1.00 15.19 s 0.01 4th Pass x x x x x x x x x x x x x x