Thrifty Appliances, Inc. Information

INFORMATION IS AS OF 12/31/10 UNLESS OTHERWISE STATED

Ratios

Amounts

1.

Inventory Turnover Ratio

22.545454545

2.

Inventory at 1/1/10

$     1,500,000

3.

Bond Interest Coverage

4.535353535

4.

Common Stock originally sold at a premium of 50%

5.

Cash Ratio

3.71063830%

6.

Prepaid Expenses at 1/1/10

$         40,000

7.

Composition of total Plant, Property and Equipment is:

          Land                 

14.99772210%

          Net Building       

41.00227790%

          Net Equipment   

44.00000000%

8.

Depreciation Expense (included in Operating Expenses)

$     1,245,000

9.

Buildings are 25% Depreciated 

10.

Ratio of Net Accounts Receivable to Accounts Payable 

1.73609740

11.

Accounts Payable at 1/1/10

$     1,879,000

12.

Ratio of Notes Payable to Bonds Payable 

0.0500000

13.

Preferred Stock (liquidation value is par value) originally sold at a 25% premium.

14.

Cash Dividends Paid in January 2010 on Common Stock

$        270,000

15.

Cash Dividends Paid in January 2010 on Preferred Stock

$         40,000

16.

Accrued Expenses at 1/1/10

$        425,000

17.

Dividends Declared in December 2010 to be paid in January 2011

$        328,000

18.

Ratio of Unearned Sales Revenues to Current Liabilites

1.3264554164%

19.

Unearned Revenue at 1/1/10

$                -

20.

Total Assets at 1/1/10

$   13,271,000

21.

Current Ratio

1.63350528126

22.

Quick Ratio

1.45664455908

23.

Return on Sales

2.862149533%

24.

Gross Profit Ratio

42.056074766%

25.

Equity Ratio

45.696453901%

26.

Average Collection Period

30.92266355140

27.

Accounts Receivable at 1/1/10

$     2,000,000

28.

Allowance for Doubtful Accounts at 1/1/10

$         24,000

29.

Allowance for Doubtful Accounts at 12/31/10

$         64,000

30.

Return on Assets

14.532625583%

31.

Bonds issued at Par on 1/1/10 (outstanding all year - no other interest expense)

$     2,000,000

32.

Total Assets at 12/31/10

$   17,625,000

33.

Post-Closing Retained Earnings at 12/31/10 

$     5,404,000

34.

Net Income for 2010

$     1,225,000

35.

Cash at 1/1/10

$        875,000

36.

Earnings Per Share of Common Stock for 2010

$    1.3166666667