Cash from operating activities

Cash
Interest paid
Income tax paid

Net cash from operating activities

Cash flows from Investing Activities

Capital Expenditure

Net cash used in investing activities

Cash Flows from Financing Activities

Net payments under the working capital line of credit
Current maturities of long -term debt
Long term debt

Reconcilation of net income to net cash generated by operationg activities

Net income

Adjustments to Reconcile Net income to Net cash consumed by operating activities

Dep and Amor

Changes in Assets and Liabilities

(increase) in accounts receivable

(increase) in inventory
(increase) in accounts payable
(increase) in accrued expenses
1993 1994 1995 1996 1997

508 609 706 846.18 1015.41

-119 -106 -94 -75 -62.5
-546 -822 -925 -1114.34 -1315.248

-157 -319 -313 -343.164 -362.338

-563 -368 -2000 -400

-563 -368 -2400 -400

125 125 125 125 125

1000 875 750 2625 2900

nil 120

550 557
208 352
283 115
287 221
 1995 1996 1997
Sales 23505 28206 33847
Cost of sales 13612 16359.48 19631.26
Gross Profit 9893 11846.52 14215.74

Selling , general and Ad exp 7471 9025.92 10831.04

Dep 213 213 333 120
Net interest expense (10%) 94 75 62.5
Pre-tax income 2115 2532.6 2989.2
Income taxes 925 1114.344 1315.248

Net Income 1190 1418.256 1673.952

Dividends 240 283.6512 334.7904

Balance Sheet
Assets
Cash 706 846.18 1015.41
Accounts recievable 3652 4371.93 5246.285
Inventory 2190 1625 3153.581

Total Current Assets 6548 6843.11 9415.276

Gross Plant and equipment 4163 4163 6563
Depcn 1728 1941 2274
Net plant and equioment 2435 2222 4289
WIP capital asset 0 2000 0
Total Assets 8983 11065.11 13704.28

Liabilities
Long term debt 125 125 125
Ac payable 1440 1728 2073.588
Accrued exp 1653 1983.6 2380.306

current liabilities 3218 2290.505 3315.51

Long term debt 750 2625 2900
Common Stock 1135 1135 1135
Retained Earnings 3880 5014.605 6353.766
Total Shareholders equity 5015 6149.605 7488.766

Total Liabilties 8983 11065.11 13704.28

0.093172

0.070325

0.061264
 p a i rem prin
1994 1000 125 100 875
1995 875 125 87.5 750
1996 750 125 75 625
1997 625 125 62.5 500
1998 500 125 50 375
1999 375 125 37.5 250
2000 250 125 25 125
2001 125 125 12.5 0
 1995 1996 1997
Sales 23505 28206 33847
Cost of sales 13612 16359.48 19631.26
Gross Profit 9893 11846.52 14215.74

Selling , general and Ad exp 7471 9025.92 10831.04

Dep 213 213 333 120
Net interest expense (10%) 94 75 62.5
Pre-tax income 2115 2532.6 2989.2
Income taxes 925 1114.344 1315.248

Net Income 1190 1418.256 1673.952

Dividends 240 283.6512 334.7904

Balance Sheet
Assets
Cash 706 846.18 1015.41
Accounts recievable 3652 4371.93 5246.285
Inventory 2190 2628 3153.581

Total Current Assets 6548 7846.11 9415.276

Gross Plant and equipment 4163 4163 6563
Depcn 1728 1941 2274
Net plant and equioment 2435 2222 4289
WIP capital asset 0 2000 0
Total Assets 8983 12068.11 13704.28

Liabilities
Long term debt 125 125 125
Ac payable 1440 1728 2073.588
Accrued exp 1653 1983.6 2380.306

current liabilities 3218 3293.505 3315.51

Long term debt 750 2625 2900
Common Stock 1135 1135 1135
Retained Earnings 3880 5014.605 6353.766
Total Shareholders equity 5015 6149.605 7488.766

Total Liabilties 8983 12068.11 13704.28

0.093172

0.070325

0.061264
 1995 1996 1997
Sales 23505 28206 33847
Cost of sales 13612 16359.48 19631.26
Gross Profit 9893 11846.52 14215.74

Selling , general and Ad exp 7471 9025.92 10831.04

Dep 213 213 333 120
Net interest expense (10%) 94 75 62.5
Pre-tax income 2115 2532.6 2989.2
Income taxes 925 1114.344 1315.248

Net Income 1190 1418.256 1673.952

Dividends 240 283.6512 334.7904

Balance Sheet
Assets
Cash 706 846.18 1015.41
Accounts recievable 3652 4371.93 5246.285
Inventory 2190 1625 3153.581

Total Current Assets 6548 6843.11 9415.276

Gross Plant and equipment 4163 4163 6563
Depcn 1728 1941 2274
Net plant and equioment 2435 2222 4289
WIP capital asset 0 2000 0
Total Assets 8983 11065.11 13704.28

Liabilities
Long term debt 125 125 125
Ac payable 1440 1728 2073.588
Accrued exp 1653 1000 2380.306

current liabilities 3218 2290.505 3315.51

Long term debt 750 2625 2900
Common Stock 1135 1135 1135
Retained Earnings 3880 5014.605 6353.766
Total Shareholders equity 5015 6149.605 7488.766

Total Liabilties 8983 0 13704.28

0.093172

0.070325

0.061264
 1995 1996 1997
Sales 23505 28206 33847
Cost of sales 13612 16359.48 19631.26
Gross Profit 9893 11846.52 14215.74

Selling , general and Ad exp 7471 9025.92 10831.04

Dep 213 213 381 168
Net interest expense (10%) 94 75 62.5
Pre-tax income 2115 2532.6 2941.2
Income taxes 925 1114.344 1294.128

Net Income 1190 1418.256 1647.072

Dividends 240 283.6512 329.4144

Balance Sheet
Assets
Cash 706 846.18 1015.41
Accounts recievable 3652 4371.93 5246.285
Inventory 2190 1625 3153.581

Total Current Assets 6548 6843.11 9415.276

Gross Plant and equipment 4163 4163 6563
Depcn 1728 1941 2322
Net plant and equioment 2435 2222 4241
WIP capital asset 0 2000 0
Total Assets 8983 11065.11 13656.28

Liabilities
Long term debt 125 125 125
Ac payable 1440 1728 2073.588
Accrued exp 1653 1983.6 2380.306

current liabilities 3218 2290.505 3289.014

Long term debt 750 2625 2900
Common Stock 1135 1135 1135
Retained Earnings 3880 5014.605 6332.262
Total Shareholders equity 5015 6149.605 7467.262

Total Liabilties 8983 11065.11 13656.28

0.093172

0.070325

0.061264
 1995 1996 1997
Sales 23505 28206 33847
Cost of sales 13612 16359.48 19631.26
Gross Profit 9893 11846.52 14215.74

Selling , general and Ad exp 7471 9025.92 10831.04

Dep 213 213 333 120
Net interest expense (10%) 94 75 62.5
Pre-tax income 2115 2532.6 2989.2
Income taxes 925 1114.344 1315.248

Net Income 1190 1418.256 1673.952

Dividends 240 283.6512 334.7904

Balance Sheet
Assets
Cash 706 846.18 1015.41
Accounts recievable 3652 4371.93 5246.285
Inventory 2190 1625 3153.581

Total Current Assets 6548 6843.11 9415.276

Gross Plant and equipment 4163 4163 6563
Depcn 1728 1941 2274
Net plant and equioment 2435 2222 4289
WIP capital asset 0 2000 0
Total Assets 8983 11065.11 13704.28

Liabilities
Long term debt 125 125 125
Ac payable 1440 3477.452 4172.918
Accrued exp 1653 1983.6 2380.306

current liabilities 3218 2290.505 3315.51

Long term debt 750 2625 2900
Common Stock 1135 1135 1135
Retained Earnings 3880 5014.605 6353.766
Total Shareholders equity 5015 6149.605 7488.766

Total Liabilties 8983 11065.11 13704.28

0.093172

0.070325

0.061264