Up Your Cash Flow ™

(A) YOUR COMPANY, INC.

As of _______________

ASSETS

(1)

CURRENT ASSETS

Cash

182,559

Accounts receivable—trade, net

of allowance for doubtful accounts

146,281

Inventory

160,993

Prepaid expenses

12,120

Deferred taxes

8,969

TOTAL CURRENT ASSETS

510,862

(2)

PROPERTY AND EQUIPMENT—At Cost

Automobiles

13,428

Office furniture and equipment

10,867

Plant machinery and equipment

125,019

Leasehold improvements

8,579

Land

126,150

284,043

Less accumulated depreciation

109,045

174,998

(3)

OTHER ASSETS

Investment

45,305

Deposits

2,050

Cash surrender value of officers’

life insurance

13,765

61,120

TOTAL ASSETS

746,980

LIABILITIES AND STOCKHOLDERS’ EQUITY

(4)

CURRENT LIABILITIES

Accounts payable

94,272

Accrued expenses

49,602

Payroll and sales taxes payable

7,308

Current portion of long-term debt

9,798

Income taxes payable

2,699

TOTAL CURRENT LIABILITIES

163,679

(5)

LONG-TERM DEBT,

Net of Current Portion Above

29,394

TOTAL LIABILITIES

193,073

(6)

STOCKHOLDERS’ EQUITY

Common stock, no par value;

25,000 shares authorized,

3,180 shares issued and

outstanding

3,180

Retained earnings:

Balance—July 1, 19XX

431,240

Net income for the year ended—June 30, 19XX

119,487

550,727

553,907

TOTAL LIABILITIES AND

STOCKHOLDERS’ EQUITY

746,980

CASH FLOWS FROM OPERATING ACTIVITIES

Cash received from customers

8,550,362

8,094,504

Cash paid to customers

(8,526,349)

(7,777,007)

Interest paid

(66,773)

(66,519)

Interest received

9,653

12,087

Income taxes received (paid)

51,515

(79,364)

NET CASH PROVIDED BY OPERATIONS ACTIVITIES

18,408

183,701

CASH FLOWS FROM INVESTING ACTIVITES

Purchase of property and equipment

(84,444)

(22,370)

Proceeds from sale of assets

—

6,465

Collections from (advances to) employees

1,032

(5,783)

NET CASH (USED IN) INVESTING ACTIVITIES

(83,412)

(21,688)

CASH FLOWS FROM FINANCING ACTIVITES

Net borrowings (payments) on long-term debt

28,456

(94,304)

Proceeds from common stock subscribed

8,000

4,942

NET CASH PROVIDED BY

36,456

(89,362)

(USED IN) FINANCING ACTIVITES

NET (DECREASE) INCRASE IN

(28,548)

72,651

CASH AND CASH EQUIVALENTS

CASH AND CASH EQUIVALENTS -

85,694

13,043

Beginning of Year

CASH AND CASH EQUIVALENTS -

57,146

85,694

End of Year

RECONCILIATION OF NET (LOSS) TO NET CASH

PROVIDED BY OPERATING ACTIVITIES

Net (loss)

(104,141)

(174,413)

Non-cash expenses included in net (loss):

Depreciation and amortization

134,339

180,166

Loss on sale of assets

—

10,954

Provision for deferred taxes

(62,348)

(60,900)

Allowance for bad debts

10,026

31,687

Changes in assets and liabilities

(Increase) decrease in accounts receivable

(61,405)

113,461

(Increase) decrease in unbilled

(129,187)

132,108

accounts receivable

(Increase) decrease in deposits

(15,010)

129,538

Decrease (increase) in prepaid income taxes

48,231

(97,512)

Increase (decrease) in accounts

215,775

(82,431)

payable and accrued expenses

(Decrease) increase in accrued

(17,872)

1,043

pension costs

NET CASH PROVIDED BY

18,408

183,701

OPERATING ACTIVITIES

Amount

%

SELLING EXPENSES

Advertising

1,645

.1

Automobile

12,238

.9

Conventions

170

—

Commissions

4,532

.3

Freight-out

765

.1

Insurance

1,606

.1

Promotion

1,566

.1

Travel

650

.1

TOTAL SELLING EXPENSES

23,172

1.7

ADMINISTRATIVE EXPENSES

Bad debts

4,303

.3

Dues and subscriptions

370

—

Employee benefits

1,102

.1

Interest

4,257

.2

Janitors

1,924

.2

Office

2,783

.2

Professional fees

10,681

.8

Profit-sharing plan

48,308

3.6

Relocation

881

.1

Repairs

167

—

Rent

2,612

.2

Salaries-office

5,035

.4

Taxes and licenses

527

—

Taxes—payroll

784

.1

Telephone

4,297

.3

TOTAL ADMINISTRATIVE EXPENSES

88,031

6.5