REMINGTON ARMS COMPANY, INC. CONSOLIDATED BALANCE SHEETS (Dollars in Millions, Except Share Amounts)
ASSETS	December 31, 2003	December 31, 2002
Current Assets
Cash and Cash Equivalents	0.4	0.4
Accounts Receivable Tradenet	67.1	58.6
Inventoriesnet	85.7	85.6
Supplies	6.7	6.3
Prepaid Expenses and Other Current Assets	6.8	2.4
Deferred Income Taxes	14.2	11.7
Total Current Assets	180.9	165
Property, Plant and Equipmentnet	75.8	79.1
Goodwill and Other Intangible Assetsnet	62.7	65.2
Debt Issuance Costsnet	10.6	1.5
Other Noncurrent Assets	7.8	7.4
Assets Held for Sale	18	16.4
Total Assets	355.8	334.6
Current Liabilities
Accounts Payable	20.1	19.9
Book Overdraft	6.7	10.8
Current Portion of Long-Term Debt	0.5	1
Current Portion of Product Liability	2.4	2.2
Accrued Income Taxes	2.5	2.2
Other Accrued Liabilities	28.7	38.1
Total Current Liabilities	60.9	74.2
Long-Term Debt, net of Current Portion	230	100.1
Retiree Benefits	43.1	43.1
Product Liability, net of Current Portion	7.3	4.2
Deferred Tax Liability	1.9	0.5
Other Long-Term Liabilities	0.2	0.3
Total Liabilities	343.4	222.4
Commitments and Contingencies
Shareholders Equity
Common Stock, par value $.01; 1,000 shares authorized and outstanding
Paid in Capital	86.4	82.6
Accumulated Other Comprehensive Loss	(1.2	(4.1
Retained Earnings (Accumulated Deficit)	(72.8	33.7
Total Shareholders Equity	12.4	112.2
Total Liabilities and Shareholders Equity	355.8	334.6

For the past two years, define, calculate and comment on the ratios that we have studied to date:

Return on Assets

Debt to Asset

Return on Equity

Gross Margin Percentage

Net Income Percentage

Inventory turnover

Average days number of days in inventory