a.

StevensTextilesProFormaIncomeStatementDecember31,2014
2006 ForecastBa 2007
Sales 36000 1.15xSale 41,400
OperatingCosts 32,440 .9011xsale 37,306
EBIT 3,560 4,094
Interest 460 .1xDebt(0 560
EBT 3,100 35,34
Taxes(40%) 1,249 1,414
NetIncome 1,860 2,120
Dividends 837 954
AdditiontoRE 1,023 1,166

StevensTextilesProFormaBalanceSheet
December31,2014(ThousandsofDollars)
ForecastBasis% ProFormaafter
2006 2007Sales Additions ProForma Financing Financing
Cash 10,800 0.03 1,242 1242
Acc.Rec. 6480 0.1883 7452 7452
Inventories 9000 0.2005 10350 10350
TotalCurr.Assets 16560 19044 19044
FixedAssets 12600 0.35 14490 14490
TotalAssets 29160 33534 33534
Acc.Payable 4320 0.12 4968 4968
Accruals 2880 0.08 3312 3312
NotesPayable 2100 2100 2128 4228
TotalCurr.Liablities 9300 10380 12508
Longtermdebt 3500 3500 3500
TotalDebt 12800 13880 16008
CommonStock 3500 3500 3500
RetainedEarnings 12860 1.166* 14026 14026
TotalLiablitiesandEq. 29160 31406 33534
AFN=2128