Financial Analysis Spreadsheet provided by The Kaplan Group, experts in collecting large B2B claims. 805-541-2639. www.kgaction.

com
Videos explaining the financial statements and how to do financial statement analysis are available at www.kgaction.com/financial-statement-analysis/

Customer Name Statement Date ASSETS Type of Statement* Cash Accounts Receivable Notes Receivable Inventory Prepaids and Deposits Investments Other CURRENT ASSETS Net Plant, Property & Equipment Investments Deferred charges Intangible Assets Due From Subsid. Or Affli. Due From Officers, Employess Other Other Other TOTAL ASSETS LIABILITIES Accounts Payable Accrued Expenses Taxes Payable Short-Term Debt Current portion of long term debt Other Other Other CURRENT LIABILITES Notes, Long-Term Other Long-Term Liabilities Other Long-Term Liabilities TOTAL LIABILITIES Preferred Stock Common Stock Treasury Stock Paid-in Capital Retained Earnings (prior year) Profit/Loss (After Taxes) TOTAL EQUITY TOTAL LIABILITIES AND NET WORTH Tangible Net Worth (41-42) Working Capital (8-28) * A = Audited C = Complied

Customer #

IH

IH

IH 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19

20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43

20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 43 44

R = Reviewed

IH = In House

Customer Name Statement Period # of Days in Statement Period 45 46 47 48 Net Sales Cost of Goods Sold Gross Margin Gross Margin %

Customer #

#DIV/0! #DIV/0!

#DIV/0!

45 46 47 48 49 50 51 52 53 54 55 56 57 58

49 Operating Expenses 50 Operating Margin 51 Operating Margin 52 53 54 55 56 57 58 Other Income Other Expenses Interest Income Interest Expense Profit Before Tax Taxes Net Profit

#DIV/0! #DIV/0!

#DIV/0!

RATIO ANALYSIS 59 Current Ratio 60 Quick Ratio 61 Debt to Equity Ratio 62 Times Interest Earned 63 Days Sales Outstanding (DSO) 64 Days Payable Outstanding (DPO) 65 Inventory Turnover (Days) 66 Intentory Turns 67 Balance Sheet Balances (should be 0)

#DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! -

#DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! -

#DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! -

59 60 61 62 63 64 65 66 67

DATE OF SPREADSHEET SIGNATURE OF ANALYST

Current Ratio = Line 8/Line 28 Quick Ratio = (Line 1 + Line 2)/Line 28 Debt to Equity Ratio (Lines 23+24+29)/Line 40 Times Interest Earned = Line 51/Line 55 DSO = (Line 2/Line 45) x # of days in the period DPO = Line 20/(Line 46 + Line 49) x # of days in the period Inventory Turnover (Days) = (Line 4/Line 46) x # of days in period Inventory Truns = Line 65/365 days

Recommendations Recommended Term: Reason:

Recommended Limit:

Videos explaining the financial statements and how to do financial statement analysis are available at www.kgaction.com/financial-statement-analysis/

The Kaplan Group 2250 King Court, Suite 50 San Luis Obispo, CA 93401 Phone: (805) 541-2639 Fax: (805) 541-3005 Email: inquiry@kgaction.com

The Kaplan Group provides a variety of commercial collection and consulting services. Our primary activity is providing outstanding commercial debt collection service. We also provide training programs and seminars for the credit industry at nationwide events and in house training for larger clients. The principals also provide consulting services, typically related to negotiating a wide variety of transactions (mergers & acquisitions, joint ventures, technology licenses, digital media distribution rights, etc.) as well as strategy, financial and operational advice.

Dean Kaplan Dean Kaplan has over thirty years experience in collections, negotiations, management consulting and business management. He personally handles all large collection claims. He has closed over $500 million in transactions during his career. Mr. Kaplans expertise is evidenced by the numerous engagements to travel internationally (40 countries) to negotiate transactions, including nearly a dozen trips over the last 3 years to Asia, Europe and the Persian Gulf. He has worked with Fortune 500 international conglomerates, Silicon Valley technology startups, and small and medium size businesses in a wide variety of industries. For more information on having Mr. Kaplan present to your business group please visit out website at http://www.kgaction.com/principals/