Exhibit 10.16 Massachusetts Stove Company Financial Statement Ratios (Case 10.2) Year 3 Year 4 Year 5 Year 6 Year 7 Profit Margin for ROA Total Assets Turnover ROA Profit Margin for ROCE 8.5% 8.5% 8.1% 7.2% 6.8% 1.2 1.3 1.7 1.8 1.9 10.1% 10.7% 14.1% 13.1% 13.1% 6.2% 6.6% 6.5% 5.6% 5.7% Capital Structure Leverage 30.6 9.3 5.6 3.9 3.0 ROCE 224.0% 77.0% 63.4% 40.2% 32.6% Cost of Goods Sold/Sales 49.1% 46.4% 47.8% 48.8% 50.5% Depreciation Expense/Sales 3.8% 4.5% 2.9% 2.8% 2.6% Facilities Costs Net of Rental Income/Sales 2.3% 0.6% 1.2% 0.3% 0.2% Selling Expense/Sales 30.5% 34.4% 34.9% 36.8% 33.9% Administrative Expenses/Sales 2.5% 2.4% 2.1% 2.0% 4.0% Interest Income/Sales 0.1% 0.4% 0.4% 0.6% Interest Expense/Sales 3.3% 2.7% 2.1% 2.2% 1.5% Income Tax Expense/Income before Taxes 28.0% 28.1% 30.6% 25.6% 28.0% Accounts Receivable Turnover 42.7 37.4 61.2 65.3 147.9 Inventory Turnover 2.5 2.2 2.9 3.0 3.2 Fixed Assets Turnover 1.9 2.1 3.1 3.5 4.2 Current Ratio 1.59 2.11 1.44 1.75 2.44