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JK Company: Income Statement and Reorganized Balance Sheet - $ million Year 2 Year 6 16148 Year 3 13752 -11690 -330 1732 - 13726 Income

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JK Company: Income Statement and Reorganized Balance Sheet - $ million Year 2 Year 6 16148 Year 3 13752 -11690 -330 1732 - 13726 Income statement Revenues Operating costs Depreciation Operating profits Interest Earnings before taxes Taxes Net income Operating-profit tax rate 12912 -10976 -310 1626 -72 Today Year 1 11332 12124 -9736 -10306 -248 -290 1348 1528 -62 -68 1286 1460 -270 -307 1016 1153 21% Year 4 14576 -12390 -350 1836 -80 Year 5 15378 -13072 -370 1936 -84 -388 2034 -88 -76 1554 -326 1656 -348 1756 -369 1387 1852 -389 1946 -409 1537 1228 1308 1463 Year 5 Year 6 1152 1212 10.690 9228 10380 11.902 Reorganized balance sheet Today Year 1 Year 2 Year 3 Year 4 Operating working capital 852 909 969 1032 1092 Property and equipment (NET) 6798 7275 7746 8250 8045 Invested capital 7650 8184 8715 9282 9137 Debt 1263 1338 1413 1491 1569 Shareholders' equity 6387 6846 7302 7791 7568 Invested capital 7650 8184 8715 9282 9137 Accounts payable has been netted against inventory to determine operating working capital 1644 1716 8736 10.186 10380 11.902

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