XYZ Company
Comparative Balance Sheet
For Fiscal Years End
($ In Thousands)
Dec 31
SIC#    5311
Audited
1995
Audited
1996
Audited
1997
Audited
1998
Audited
1999
Industry
Average
Assets $ % $ % $ % $ % $ % %
Cash 733.0 6.4 600.0 6.6 494.0 5.1 180.0 1.7 232.0 2.0 6.8
Other Current 727.0 6.3 499.0 5.5 712.0 7.3 724.0 7.0 888.0 7.8 2.5
Accounts Receivable 2,789.0 24.2 2,186.0 24.1 2,137.0 22.0 2,155.0 20.9 2,220.0 19.4 17.2
Inventories 4,949.0 42.9 4,027.0 44.4 4,778.0 49.1 5,795.0 56.2 5,909.0 51.7 40.3
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  Total Current Assets 9,198.0 79.8 7,312.0 80.6 8,121.0 83.5 8,854.0 85.8 9,249.0 80.9 66.8
 
Net Fixed Assets 1,875.0 16.3 1,401.0 15.4 1,319.0 13.6 1,280.0 12.4 2,070.0 18.1 25.9
Other Assets 0.0 0.0 0.0 0.0 97.0 1.0 74.0 0.7 0.0 0.0 7.0
Notes Receivable 90.0 0.8 82.0 0.9 0.0 0.0 0.0 0.0 0.0 0.0 0.9
Intangibles 363.0 3.1 278.0 3.1 193.0 2.0 107.0 1.0 116.0 1.0
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Total Assets 11,526.0 100.0 9,073.0 100.1 9,730.0 100.1 10,315.0 99.8 11,435.0 99.9 100.0
 
  Total Liabilities and Equity
Other Current Liabilities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Notes Payable 2,500.0 21.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7.4
Current Maturities 999.0 8.7 294.0 3.2 304.0 3.1 265.0 2.6 99.0 0.9 2.0
Accounts Payable 1,313.0 11.4 992.0 10.9 1,182.0 12.1 1,751.0 17.0 922.0 8.1 15.8
Accrued Expenses 1,300.0 11.3 1,179.0 13.0 1,221.0 12.5 1,158.0 11.2 1,646.0 14.4
Taxes Payable 410.0 3.6 594.0 6.5 377.0 3.9 507.0 4.9 0.0 0.0
Notes Payable-Officer 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
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  Total Current Liab. 6,522.0 56.7 3,059.0 33.6 3,084.0 31.6 3,681.0 35.7 2,667.0 23.4 35.5
 
Long-Term Debt 3,174.0 27.5 3,902.0 43.0 4,082.0 42.0 3,392.0 32.9 6,261.0 54.8 20.2
Subord. Long-Term Debt 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Deferred Taxes 257.0 2.2 257.0 2.8 129.0 1.3 0.0 0.0 0.0 0.0
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Total Liabilities 9,953.0 86.4 7,218.0 79.4 7,295.0 74.9 7,073.0 68.6 8,928.0 78.2 55.7
 
Equity 1,573.0 13.6 1,855.0 20.4 2,435.0 25.0 3,242.0 31.4 2,507.0 21.9 39.5
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  Total Liab. & Equity 11,526.0 100.0 9,073.0 99.8 9,730.0 99.9 10,315.0 99.9 11,435.0 100.0 100.0
 
Working Capital 2,676.0 23.2 4,253.0 46.9 5,037.0 51.8 5,173.0 50.2 6,582.0 57.6
Retained Earnings 39.0 0.3 488.0 39.0 941.0 9.7 780.0 7.6 (764.0) (6.7)
 
Current Ratio 1.4 2.4 2.6 2.4 3.5 2.0
Quick Ratio 0.7 1.1 1.1 0.8 1.3 0.7
Debt to Worth 6.3 3.9 3.0 2.2 3.6 1.6