Finance: Prepare financial analyses using data from the financial statements. Use specific ratios or other measures to assess the financial strengths and weaknesses of your company using appropriate baseline comparisons. Provide this in table form. Provide the formula for each item used. Address any other issues in the case that might affect the current financial position. Be sure to address Liquidity, Safety (e. g., leverage), Profitability, and Efficiency ratios.

ATTACHMENT 1 COMPANY CASE FINANCIAL
AND COMPETITOR/INDUSTRY INFORMATION
INCOME STATEMENTS	Smith Last Year	Smith Percent of Sales	Smith 2 Years Ago	Smith Percent of Sales	Smith 3 years Ago	Smith Percent of Sales	Global Market Leader	Global Market Leader	Industry Average
	$Million		$Million		$Million		$Million
Revenue	48.127	100.0%	48.992	100.0%	52.102	100.0%	348,650	100.0%	$25.00
Cost of Goods Sold	38.453	79.9%	39.292	80.2%	41.786	80.2%	265,152	76.1%	80.0%
Gross Profit	9.674	20.1%	9.700	19.8%	10.316	19.8%	83,498	23.9%	20.0%
Operating Expense	7.893	16.4%	8.132	16.6%	7.659	14.7%	xxxxxxx	xxxxxx	xxxxxxx
General & Administrative	1.059	2.2%	.686	1.4%	.625	1.2%	xxxxxxx	xxxxxx	xxxxxxx
Marketing	.193	0.4%	.245	0.5%	.313	0.6%	xxxxxxx	xxxxxx	xxxxxxx
Operating, Gen., Sell, & Admin.	xxxxxxx	xxxxxx	xxxxxxx	xxxxxx	xxxxxxx	xxxxxx	64,320	18.4%	15.0%
Interest Expense	.385	0.8%	.193	0.4%	.312	0.6%	1,529	0.4%	1.6%
COGS and Total Expenses	47.983	99.7%	48.548	99.1%	50.695	97.3%	331,001	94.9%	96.6%
Net Income Before Taxes	.144	0.3%	.444	0.9%	1.407	2.7%	17,649	5.1%	3.4%
Taxes	.048	0.1%	.147	0.3%	.469	0.9%	6,365	1.8%	0.9%
Net Income After Taxes	.096	0.2%	.297	0.6%	.936	1.8%	11,284	3.3%	2.5%
BALANCE SHEETS	$Million	% Total Assets	$Million	% Total Assets	$Million	% Total Assets	$Million	% Total Assets
Cash & Equivalents	.288	1.0%	.440	1.5%	2.421	7.9%	8,373	5.5%	1.7%
Receivables	.548	1.9%	.469	1.6%	.429	1.4%	3,840	2.5%	2.2%
Inventory	7.694	26.7%	8.155	27.8%	8.582	28.0%	34,375	22.8%	24.6%
Total Current Assets	8.530	29.6%	9.064	30.9%	11.432	37.3%	46,588	30.8%	28.5%
Land, Stores, Equipment, Distribution Centers, & Trucks	20.289	70.4%	20.268	69.1%	19.216	62.7%	104,605	69.2%	71.5%
Total Assets	28.819	100.0%	29.332	100.0%	30.648	100.0%	151,193	100.0%	$13.457
Accounts Payable	7.407	25.7%	6.921	23.6%	3.287	10.7%	28,371	18.8%	12.1%
Other Current Liabilities	5.043	17.5%	8.151	27.8%	6.554	21.4%	23,363	15.4%	10.1%
Total Current Liabilities	12.450	43.2%	15.072	51.4%	9.831	32.1%	51,734	34.2%	22.2%
Long Term Debt	4.813	16.7%	2.407	8.2%	3.900	12.7%	37,886	25.1%	39.3%
Stockholder's Equity	11.556	40.1%	*11.853	40.4%	16.917	55.2%	61,573	40.7%	38.5%
Total Liabilities & Stockholder Equity	28.819	100.0%	29.332	100.0%	30.648	100.0%	151,193	100.0%	$13.457
Year End Stock Price	$6.25		$10.00		$13.13
Dividends	$0.00		$0.00		$0.00
*Equity withdrawal in 2 years ago