information sheet	Common Size			Common Size			Common Size
		XYZ Plumbing - Income Statement
				2015			2016			2017E
		Revenue		$ 10,000,000	100.0%		$ 13,000,000	100.0%				XYZ Plumbing - Balance Sheet
		CGS		4,000,000	40.0%		5,200,000	40.0%					2015	2016			2015	2016
		Gross Profit		$ 6,000,000	60.0%		$ 7,800,000	60.0%				ASSETS				LIABILITIES
												Cash	3,000,000	3,935,000		Accounts Payable	500,000	465,000
		SG&A		2,000,000	20.0%		2,600,000	20.0%				A/R	1,000,000	1,600,000		Notes Payable	1,500,000	1,000,000
		R&D		1,000,000	10.0%		1,000,000	7.7%				Inventory	2,000,000	2,300,000		Current portion of LTD	1,000,000	1,000,000
		Deprec & Amort		500,000	5.0%		500,000	3.8%				Pre-paid expenses	500,000	665,000		Accrued Liabilities	500,000	520,000
		Total Op. Expense		3,500,000	35.0%		4,100,000	31.5%				Total Current Assets	6,500,000	8,500,000		Total Current Liabilities	3,500,000	2,985,000
		Operating Profit		$ 2,500,000	25.0%		$ 3,700,000	28.5%				Building and Improvements	15,000,000	15,000,000		Long-Term Debt	12,000,000	14,000,000
												Equipment	5,000,000	7,000,000
		Interest cost		650,000	6.5%		750,000	5.8%		800,000			20,000,000	22,000,000		Stockholder's Equity
		Interest income		90,000	0.9%		150,000	1.2%		250,000						Common Stock at Par	100,000	100,000
												Depreciation	500,000	1,000,000		Paid in Capital	9,900,000	9,900,000
		Pre-Tax		$ 1,940,000	19.4%		$ 3,100,000	23.8%				Net PP&E	19,500,000	21,000,000		Retained Earnings	500,000	2,515,000
		Tax (35% rate)		679,000	35.0%		1,085,000	35.0%								Total Stockholder's Equity	10,500,000	12,515,000
		Net Income		$ 1,261,000	12.6%		$ 2,015,000	15.5%
												Total Assets	26,000,000	29,500,000		Total Liabilities + Equity	26,000,000	29,500,000
		EPS - Basic		$ 0.13			$ 0.20
		EPS - Diluted
																		-
		Average Shares Outstanding		10,000,000			10,000,000			10,000,000
		Diluted Shares
			Diluted Shares Information
			Officers and Directors Options	2,000,000
			Exercise Price	$ 3.50
			Publice Warrants	4,000,000
			Exercise Price	$ 3.00
			Stock Price used for calculating Diluted Shares	$ 5.00
			Diluted Shares Calculation Table
			Basic Shares	10,000,000
			O&D warrants
			Public
			Total	10,000,000
			Proceeds
			Officers and Directors
			Public Shareholders
			Total Proceeds
			Buyback
			Price	$ 5.00
			Total Shares repurchased	-
			Diluted Shares	10,000,000

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