What-If Analysis Template

What-If Model Users Guide
The What-If Model will allow a team the ability to model the potential financial impact of a variety of initiatives upo
This scenario, or what-if, modeling will incorporate the companys historical financial statements and five-year pro
provided by the Quantitative Model. The historical and projected financial statements provided by the client will ser
state. The inputs provided by the Quantitative Model provide the variables to be modeled with the client projections
provide expected changes in financial statements and financial statement metrics from the base assumptions. These
target and prioritize the scenarios with the greatest expected benefits. This prioritization will aid further discussions
further work to be performed.
The model is segregated into four sections: inputs, calculations, statements, and analysis. Only the input section is e
protected and read only. The models format does have the capacity to be modified quickly. For example, if a subjec
cannot be fit into the current format, the current format can be appended or changed to accommodate the different fo
assumptions are inaccurate, they can also be altered to accommodate company-specific assumptions. Outlined below
how particular areas operate within the section. Sections Two Four are protected and therefore have no operationa
Input Template:
Project Costs
Segregate Capitalized and Expensed Project Costs based on the expenditure characteristics.
Include project fees
Historical Financial Information
Income Statement - Based on audited financial report data, categorize revenues and expenses into the broad categori
Balance Sheet - Further, categorize assets, liabilities and equity into the appropriate balance sheet line items provided
Operating Assumptions
Pre-Implementation and Base Year: these are darkened to illustrate that they are not inputs, but calculations for infor
Income Statement Assumptions are percentage changes in the current year from the prior year.
Balance Sheet Assumptions are the assumptions percentage of total assets.
Post-Implementation:
Sales revenue growth percentages are used for all projected years. The financial statements use these percentages by
dollars
by one plus
theprojected
growth rate
forcosts
each are
yearconstant
(compounding).
The following
items
years
(i.e. equal to the base year) and are direct inputs from histori
other accrued expenses, taxes payable, other current liabilities, long-term notes payable, deferred taxes payable, pref
dividend distribution to common shareholders.
The following items use growth percentage changes for all projected years: R&D expenses, G&A expenses, interest
payable, and distributions payable. The financial statements use these percentages by multiplying the prior year doll
for each year. Growth is not proportionate to sales.
The following items use growth percentage changes for all projected years: selling expenses, accounts receivable, in
current assets, other noncurrent assets, accounts payable, unearned revenue, and current portion of long-term debt. T
prior year dollars by one plus the growth rate input. Further, this product is multiplied by one plus the sales growth i
proportionally with sales.
The following items use growth percentage changes for all projected years: selling expenses, accounts receivable, in
current assets, other noncurrent assets, accounts payable, unearned revenue, and current portion of long-term debt. T
prior year dollars by one plus the growth rate input. Further, this product is multiplied by one plus the sales growth i
proportionally with sales.
Machinery & Equipment and Building and Plant, for all projected years, are estimated capital expenditures in whole
Intangible Asset Amortization
Additional Assumptions
Client should provide their applicable tax rates, weighted average cost of capital, and interest rate on excess cash.
Further, Asset lives and additional asset information should be captured.
Section Two Calculations
Protected Sheet, Read-only Access
Section Three Financial Statements
Section Four - Analysis
act of a variety of initiatives upon a companys financial statements.

ncial statements and five-year projections in conjunction with inputs
nts provided by the client will serve as the models base or null
odeled with the client projections. The What-If Model will then
m the base assumptions. These expected changes allow the team to
ation will aid further discussions with management when determining
lysis. Only the input section is editable. All other sections are
quickly. For example, if a subject businesss financial statements
to accommodate the different format. Additionally, if the operating
fic assumptions. Outlined below is a description of Section One, and
and therefore have no operational details.
expenses into the broad categories provided.

balance sheet line items provided.
inputs, but calculations for information purposes.
tements use these percentages by multiplying the prior year sales
and are direct inputs from historical data: other controllable expenses,
ble, deferred taxes payable, preferred stock, treasury stock, and
penses, G&A expenses, interest expense, interest payable, notes

y multiplying the prior year dollars by one plus the growth rate input
xpenses, accounts receivable, inventory, prepaid expenses, other

rent portion of long-term debt. The financial statements multiply the
ed by one plus the sales growth input for each year to vary these items
ed capital expenditures in whole dollars.
d interest rate on excess cash.
Maximize ERP Project
Financial Model
Input - 282365324.xls
MODEL INPUT
I
Project
Project Costs-Capitalized
2000
Project Costs-Expensed
Project Fees
Date (MM/DD/YYYY)
2001
2002
2003
2004
0.5
0.5
0.5
0.5
0.5
7/1/1999
II
Income Statement
1996
Pre-Implementation
1997
Sales Revenue
Net Sales Revenue
Cost of Sales
Selling Expenses
R&D Expenses
General and Administrative
Total Non-Sales Expenses
Depreciation
Amortization
Other Controllable Expenses
Interest Expense
Interest Income
Miscellaneous Income
Income Tax
1998
Base Year*
1999
111,211
111,211
60,001
0
0
7,518
7,518
4,884
0
250
647
0
0
32,631
Preferred Dividends
* Current or Post-Implementation Year
STRICTLY CONFIDENTIAL -Unaudited Preliminary Draft

For discussion and review purposes only
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Financial Model
Input - 282365324.xls
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Financial Model
Input - 282365324.xls
MODEL INPUT
Balance Sheet
Current Assets
Cash
Accounts Receivable
Inventory
Prepaid Expenses
Other Current Assets
Pre-Implementation
1996
1997
Base Year*
1998
1999
1,652
6,860
5,472
875
4,790
Noncurrent Assets
Machinery and Equipment
Building and Plant
Accumulated Depreciation
Deferred Income Tax Asset
Other Noncurrent Assets
0
61,962
0
0
2,534
Intangible Assets
Deferred Fin./ License/Startup
Goodwill
Other Intangibles
Accumulated Amortization
0
0
0
0
Current Liabilities
CurInterest Payable
Accounts Payable
Other Accrued Expenses
Unearned Revenue
Notes Payable
Current Portion of Long Term Debt
Taxes Payable
Distributions Payable
Other Current Liabilities
Noncurrent Liabilities
Long-Term Notes
Deferred Income Tax Liability
Deferred Taxes Payable
10,901
10,939
770
Shareholder Equity
Retained Earnings
Common Equity
Additional Paid-in Capital
Preferred Stock
Treasury Stock
Other Equity
Number of Shares - Common Stock

0
7,677
4,445
0
4,109
0
2,359
0
8,153
49,365
2,822
0
668
(16,977)
(1,086)
2,428
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Financial Model
Input - 282365324.xls
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Financial Model
Input - 282365324.xls
MODEL INPUT
III
Pre-Implementation
1996
1997
Base Year*
1998
1999
#DIV/0!
0.00%
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
250
#DIV/0!
#DIV/0!
#DIV/0!
Post-Implementation Growth
Benchmark
2000
2001
2002
2003
5.00%
250
0.00%
0.00%
0.00%
5.00%
250
0.00%
0.00%
0.00%
5.00%
250
0.00%
0.00%
0.00%
5.00%
250
0.00%
0.00%
0.00%
0.0%
0.0%
0.0%
0.0%
Income Statement Assumptions

Sales Revenue
R&D Expenses
Selling Expenses
General and Administrative
Projected Expenses
Interest Expense
Gross Margin Percentage

Cost of Sales (% Rev)
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
Pre-Implementation
N/A
N/A
N/A
#DIV/0! #DIV/0!
#DIV/0!
647
46.0%
54%
46.0%
54.0%
Post-Implementation Percentages
46.0%
46.0%
46.0%
54.0%
54.0%
54.0%

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Financial Model
Input - 282365324.xls
2004
5.00%
250
0.00%
0.00%
0.00%
0.0%
Post-Implementation Percentages
46.0%
54.0%

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Financial Model
Input - 282365324.xls
MODEL INPUT
Pre-Implementation
1996
1997
Base Year*
1998
1999
Post-Implementation Growth
Benchmark
2000
2001
2002
2003
Balance Sheet Items

Current Assets
Accounts Receivable
Inventory
Prepaid Expenses
Noncurrent Assets
Capital Expenditures:
Building and Plant
Current Liabilities
Interest Payable
Accounts Payable
Unearned Revenue
Notes Payable
Taxes Payable
Long-Term Notes Payable
Equity Assumptions
Preferred Stock
Treasury Stock
Cash Flow Assumptions
Preferred Stock Dividends
Dividend Distributions to Common Shareholders
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
8%
7%
1%
6%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0
0
0
0
#DIV/0! #DIV/0!
#DIV/0!
0
#DIV/0!
0%
74%
3%
$0.00
$0.00
0%
$0.00
$0.00
0%
$0.00
$0.00
0%
$0.00
$0.00
0%
0
0
#DIV/0! #DIV/0!
0
0
#DIV/0! #DIV/0!
0
0
#DIV/0! #DIV/0!
0
0
0
0
0
0
0
#DIV/0!
0
#DIV/0!
0
#DIV/0!
0
0
0
0
7%
4,445
0%
4,109
0%
2,359
0
8,153
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
668
(16,977)
668
(16,977)
668
(16,977)
668
(16,977)
0
0
0
0
0
0
10,901
770
0
0
0
0
0
0
668
(16,977)
6%
Days in Year
365

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Financial Model
Input - 282365324.xls
2004
0%
0%
0%
0%
$0.00
$0.00
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
668
(16,977)

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Financial Model
Input - 282365324.xls
MODEL INPUT
IV
Intangible Assets
Amortization
Period
10
Goodwill
40
Other Intangibles
Percent
Amortizable
10
Project Fees
10
100.00%
V
Additional Assumptions
Effective Federal Income Tax Rate
86.07%
Weighted Average Cost of Capital
10.00%
Effective State Income Tax Rate
0.00%
Interest Income Rate on Excess Cash Balances
0.00%
Asset Lives
Building and Plant
15
Fair Market Value of Assets in Excess of Book:

Inventory
Fixed Assets
0
0
Current Liabilities Assumed

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Financial Model
Input - 282365324.xls
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Financial Model
Calculations - 282365324.xls
CALCULATIONS
Book Depreciation
Existing Basis
Building and Plant
Total
Life
7
12.70
Existing
Basis
0
61,962
2000
Incremental Capital Expenditures

2000 Machinery and Equipment
2000 Building and Plant
2001
2002
0
4,879
4,879
0
4,879
4,879
0
4,879
4,879
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
4,879
4,879
4,879

Total Book Depreciation

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Financial Model
2003
0
4,879
4,879
0
0
0
0
0
0
0
0
0
0
0
0
4,879

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2004
###
0
4,879
4,879
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
4,879
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Financial Model
CALCULATIONS
Income Taxes
2000
Income from Continuing Operations
2001
2002
40,475
43,164
45,986
40,475
43,164
45,986
40,475
43,164
45,986
34,837
34,837
37,151
37,151
39,581
39,581
Current Year Deferred Income Tax Benefit (Expense) - Temporary Difference
Cumulative Deferred Income Tax Asset (Liability)
Net Operating Loss (NOL), Beginning Balance

Additional NOL Created
NOL Utilized
NOL, Ending Balance
0
0
0
0
0
0
0
0
0
0
0
0
Taxable Income Before NOL

Less: NOL Utilized
Taxable Income
Blended
Cash Income Taxes
Income Taxes, per Books

State @ 0.00%
Federal @ 86.07%
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86.07%
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Financial Model
2003

2004
48,951
52,063
48,951
52,063
48,951
52,063
42,132
42,132
44,810
44,810
0
0
0
0
0
0
0
0
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Financial Model
CALCULATIONS
Intangible Asset Amortization
Life
Lic. Agr. / Def. Fin.
Beginning Balance
Amortization
Ending Balance
10
Goodwill
Beginning Balance
Amortization
Ending Balance
40
Existing
Basis
2000
2001
2002
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1
0
1
0
0
0
1
0
1
0
0
0
Incremental Project Expenditures

Project Fees
10
10
2000 Project Costs-Capitalized

2000 Project Fees
2001 Project Fees
2002 Project Fees
0
0
0

2003 Project Fees
2004 Project Fees
Other Intangibles
Beginning Balance
Amortization
Ending Balance
Total Amortization

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0
0
0
0
0
0
0
0
0
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Financial Model
2003

2004
0
0
0
0
0
###
0
0
0
0
0
0
0
1
0
1
0
0
0
1
0
1
0
0
0
0
0
0
0
0
0
0
0
0
0
###
0
0
0
0
0
0
0
0
0
0
0
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Financial Model
CALCULATIONS
Pre-Implementation
1996
SVA
Income From Continuing Operations
Less: W.A.C.C. x (Total Noncurrent Assets + Working Capital)
SVA
0
0
0
NPV & IRR

Net Cash Flow
Less: Total Project Costs
Cash Outflow/Inflow

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1997
0
0
0
Post-Implementation
1998
0
0
0
1999
37,911
5,740
32,171
2000
2001
2002
40,475
6,300
34,175
43,164
6,897
36,266
45,986
7,534
38,453
9,829
7
9,823
10,177
2
10,175
10,536
2
10,535
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Financial Model
Post-Implementation
2003

2004#
48,951
8,212
40,739
52,063
8,933
43,130
10,914
2
10,912
11,310
2
11,309
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Financial Model
Statements - 282365324.xls
BALANCE SHEET (Million of Dollars)

Pre-Implementation
ASSETS
1996
1997
Post-Implementation
1998
1999
2000
2001
2002
2003
Current Assets
Cash
Accounts Receivable
Inventory
Prepaid Expenses
Total Current Assets
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,652
6,860
5,472
875
4,790
19,649
11,481
7,203
5,746
919
5,030
30,378
21,658
7,563
6,033
965
5,281
41,500
32,194
7,941
6,335
1,013
5,545
53,028
43,108
8,338
6,651
1,064
5,822
64,983
Noncurrent Assets
Building and Plant
Less: Accumulated Depreciation
Net Fixed Assets
0
0
0
0
0
0
0
0
0
0
0
0
0
61,962
0
61,962
0
61,962
(4,879)
57,083
0
61,962
(9,758)
52,204
0
61,962
(14,637)
47,325
0
61,962
(19,516)
42,446
0
0
0
0
0
0
0
2,534
0
2,661
0
2,794
0
0
0
0
0
0
0
0
64,496
59,749
55,003
50,264
45,531
84,145
90,127
96,503
103,292
110,515
Deferred Income Tax Asset

Intangible Assets
Goodwill
Project Fees
Other Intangibles
Less: Accumulated Amortization
Total Intangible Assets
Total Noncurrent Assets
Total Assets

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0
0
5
1
0
(0)
5
0
0
5
1
0
(1)
5
0
2,933
0
0
5
2
0
(1)
5
0
3,080
0
0
5
2
0
(2)
5
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Financial Model
Post-Implementation
2004
54,418
8,755
6,984
1,117
###
6,113
77,387
0
61,962
(24,394)
37,568
0
3,234
0
0
###
5
###
3
0
(3)
5
40,806
118,194

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Financial Model
BALANCE SHEET (Million of Dollars)

Pre-Implementation
LIABILITIES
Current Liabilities
Interest Payable
Accounts Payable
Unearned Revenue
Notes Payable
Taxes Payable
Total Current Liabilities
1996
1997
Post-Implementation
1998
1999
2000
2001
2002
2003
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
7,677
4,445
0
4,109
0
2,359
0
8,153
26,743
0
8,061
4,445
0
4,109
0
2,359
0
8,153
27,127
0
8,464
4,445
0
4,109
0
2,359
0
8,153
27,530
0
8,887
4,445
0
4,109
0
2,359
0
8,153
27,953
0
9,331
4,445
0
4,109
0
2,359
0
8,153
28,397
Long-Term Notes
Deferred Income Tax Liability
Total Noncurrent Liabilities
0
0
0
0
0
0
0
0
0
0
0
0
10,901
10,939
770
22,610
10,901
10,939
770
22,610
10,901
10,939
770
22,610
10,901
10,939
770
22,610
10,901
10,939
770
22,610
Total Liabilities
49,353
49,737
50,140
50,563
51,007
Retained Earnings
Common Equity
Additional Paid in Capital
Preferred Stock
Treasury Stock
Total Shareholders Equity
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
49,365
1,736
0
668
(16,977)
34,792
54,963
1,736
0
668
(16,977)
40,390
60,936
1,736
0
668
(16,977)
46,363
67,302
1,736
0
668
(16,977)
52,729
74,080
1,736
0
668
(16,977)
59,507
Total Liabilities and Shareholders Equity
84,145
90,127
96,503
103,292
110,515
SHAREHOLDERS EQUITY

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Financial Model
Post-Implementation
2004
###
0
9,798
4,445
0
4,109
###
0
2,359
###
###
0
8,153
28,864
10,901
10,939
770
22,610
51,474
81,293
1,736
0
668
###
(16,977)
###
66,720
118,194

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Financial Model
STATEMENT OF INCOME AND RETAINED EARNINGS (Million of Dollars)

Pre-Implementation
1996
1997
1998
Sales Revenue
Net Sales Revenue
Cost of Sales
Gross Margin on Sales
0
0
0
0
0
0
0
0
Gross Margin Percentage

Expense Projections '99 Forward
Project Costs-Expensed
R&D Expenses
Selling Expenses
General and Admin Expenses
Total Non-Sales Expenses
Earnings Before Interest, Tax, Depr. and Amort.
0
0
0
0
1999
2000
111,211
111,211
60,001
51,210
116,772
116,772
63,001
53,771
2001
Post-Implementation
2002
2003
122,610
122,610
66,151
56,459
128,741
128,741
69,459
59,282
135,178
135,178
72,932
62,246
N/A
46.05%
46.05%
46.05%
46.05%
46.05%
1
0
250
0
7,518
7,769
46,002
1
0
250
0
7,518
7,769
48,690
1
0
250
0
7,518
7,769
51,513
1
0
250
0
7,518
7,769
54,477
0
0
0
0
0
0
0
0
0
0
0
0
0
250
0
7,518
7,768
43,442
0
0
0
0
0
0
0
0
0
4,884
0
12,652
4,879
0
12,648
4,879
1
12,648
4,879
1
12,649
4,879
1
12,649
Earnings Before Interest and Tax (EBIT)
38,558
41,122
43,811
46,633
49,598
Total Interest Expense
647
647
647
647
647
Interest Income
Miscellaneous Income
Income from Continuing Operations
0
0
0
0
0
0
0
0
37,911
0
0
40,475
0
0
43,164
0
0
45,986
0
0
48,951
Provision for State & Federal Tax

Net Income Before Dividends
0
0
0
0
0
0
32,631
5,280
34,837
5,638
37,151
6,013
39,581
6,406
42,132
6,819
Preferred Dividends
Net Income Available to Common Shareholders
0
0
0
0
0
0
0
5,280
40
5,598
40
5,973
40
6,366
40
6,779
49,365
(40)
54,963
54,963
(40)
60,936
60,936
(40)
67,302
67,302
(40)
74,080
Depreciation
Amortization
Total Operating Expenses
Retained Earnings, Beginning of Period

Less: Dividends
Retained Earnings, End of Period

0
0
27 of 32
5,280
09/01/2015, 07:43:59
Financial Model
Post-Implementation
2004
141,937
###
141,937
76,578
65,358
46.05%
###
1
0
250
0
7,518
7,769
###
57,589
###
4,879
1
12,649
52,710
647 #
0
###
0
52,063
44,810
7,252
40
7,212
74,080
(40)
81,293

28 of 32
09/01/2015, 07:43:59
Financial Model
CASH FLOW STATEMENT (Million of Dollars)

Pre-Implementation
1996
1997
1998
1999
2000
Net Income Before Dividends
5,638
Adjustments to Reconcile Net Income to Cash from Operations

Project Fees
Depreciation and Amortization
Change in Accounts Receivable
Change in Inventory
Change in Prepaid Expenses
Change in Other Current Assets
Change in Total Current Assets
Change in Interest Payable
Change in Accounts Payable
Change in Current Portion of Long Term Debt
Accrued Expenses and Bonuses
Change in Customer Deposits
Change in Total Current Liabilities
Change in Other Noncurrent Assets
Change in Deferred Income Tax
Change in Deferred Taxes Payable
Cash Provided (Used) by Operating Activities
Investing Activities
Capital Expenditures:
Cash Provided (Used) by Investing Activities
2001
(5)
(1)
4,879
(343)
(274)
(44)
(240)
(900)
0
384
0
0
0
384
(127)
0
0
9,869
0
0
Post-Implementation
2002
2003
6,013
0
(1)
4,879
(360)
(287)
(46)
(251)
(945)
0
403
0
0
0
403
(133)
0
0
10,217
0
0
6,406
0
(1)
4,880
(378)
(302)
(48)
(264)
(992)
0
423
0
0
0
423
(140)
0
0
10,576
0
0
6,819
0
(1)
4,880
(397)
(317)
(51)
(277)
(1,042)
0
444
0
0
0
444
(147)
0
0
10,954
0
0
Financing Activities
Change in Long-Term Notes
Change in Notes Payable
Preferred Dividends
Cash Provided (Used) by Financing Activities
Net Cash Flow Available to Common Shareholders
Dividend Distributions to Common Shareholders

Net Cash Flow
Cash, Beginning Balance

Cash, Ending Balance

29 of 32
0
0
(40)
(40)
9,829
0
0
(40)
(40)
10,177
0
0
(40)
(40)
10,536
0
0
(40)
(40)
10,914
0
9,829
0
10,177
0
10,536
0
10,914
1,652
11,481
11,481
21,658
21,658
32,194
32,194
43,108
09/01/2015, 07:43:59
Financial Model
Post-Implementation
2004
7,252
0
###
(1)
4,880
(417)
(333)
(53)
(291)
(1,094)
###
0
467
0
0
0
467
###
(154)
0
0
11,350
###
0
0
0
0
(40)
(40)
11,310
0
11,310
43,108
54,418

30 of 32
09/01/2015, 07:43:59
Financial Model
Analyses - 282365324.xls
ANALYSIS
Pre-Implementation
Financial and Operating Ratios
1996
1997
Post-Implementation
1998
1999
Liquidity Ratios
Current Ratio (Current Assets/Current Liabilities)
Quick Ratio (Cash, Equivalents and Accounts Receivable/Current Liabilities)
Working Capital (Current Assets Less Current Liabilities)
Benchmark
2000
2001
2002
0.7
0.3
(7,094)
1.1
0.7
3,251
1.5
1.1
13,970
1.9
1.4
25,075
32.4
11.3
21.9
16.6
15.6
23.4
(15.7)
3.6
2.6
16.6
22.0
11.2
32.5
8.0
45.6
35.9
2.0
1.3
16.6
22.0
11.2
32.5
8.0
45.6
14.2
2.2
1.3
16.6
22.0
11.2
32.5
8.0
45.6
6.6
2.6
1.3
Profitability Ratios
Net Income/Average Shareholders Equity
0.30
0.15
0.14
0.13
Growth
Sales Growth
EPS
2.17
5%
2.32
5%
2.48
5%
2.64
5%
46%
7%
5%
46%
6%
5%
46%
6%
Activity Ratios
Sales/Average Receivables
Days in Average Receivables
Cost of Sales/Average Inventory
Days in Average Inventory
Cost of Sales/Average Accounts Payable
Days in Average Accounts Payable
Working Capital Turnover (Net Sales Revenue/(Average Working Capital)
Fixed Asset Turnover (Net Sales Revenue/Average Net Fixed Assets)
Asset Turnover (Net Sales Revenue/Average Total Assets)
Cost
NI/Sales (Profit Margin)
Gross Margin
SG&A as a % of Sales
Capital
Assets/Sales
SVA
Project
ROI
NPV
IRR

5%
46%
7%
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
31 of 32
#DIV/0!
0
#DIV/0!
76%
32,171
15%
$39,729
Err:523
77%
34,175
14%
79%
36,266
13%
80%
38,453
12%
09/01/2015, 07:43:59
Financial Model
Analyses - 282365324.xls
Post-Implementation
2003
2004
2.3
1.8
36,586
2.7
2.2
48,523
16.6
22.0
11.2
32.5
8.0
45.6
4.4
3.0
1.3
16.6
22.0
11.2
32.5
8.0
45.6
3.3
3.5
1.2
0.12
0.11
5%
2.81
5%
##
2.99 #
5%
46%
6%
5%#
46%
##
5%
##
82%
40,739
83%
43,130
11%

32 of 32
11%
09/01/2015, 07:43:59

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What-If Model Users Guide

act of a variety of initiatives upon a companys financial statements.

expenses into the broad categories provided.

inputs, but calculations for information purposes.

tements use these percentages by multiplying the prior year sales

penses, G&A expenses, interest expense, interest payable, notes

xpenses, accounts receivable, inventory, prepaid expenses, other

ed capital expenditures in whole dollars.

d interest rate on excess cash.

Maximize ERP Project

* Current or Post-Implementation Year

STRICTLY CONFIDENTIAL -Unaudited Preliminary Draft

Maximize ERP Project

STRICTLY CONFIDENTIAL -Unaudited Preliminary Draft

Maximize ERP Project

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Maximize ERP Project

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Maximize ERP Project

Income Statement Assumptions

Gross Margin Percentage

* Current or Post-Implementation Year

STRICTLY CONFIDENTIAL -Unaudited Preliminary Draft

Maximize ERP Project

STRICTLY CONFIDENTIAL -Unaudited Preliminary Draft

Maximize ERP Project

Balance Sheet Items

* Current or Post-Implementation Year

STRICTLY CONFIDENTIAL -Unaudited Preliminary Draft

Maximize ERP Project

STRICTLY CONFIDENTIAL -Unaudited Preliminary Draft

Maximize ERP Project

Deferred Fin./ License/Startup

Weighted Average Cost of Capital

Effective State Income Tax Rate

Interest Income Rate on Excess Cash Balances

Building and Plant

Fair Market Value of Assets in Excess of Book:

Current Liabilities Assumed

STRICTLY CONFIDENTIAL -Unaudited Preliminary Draft

Maximize ERP Project

STRICTLY CONFIDENTIAL -Unaudited Preliminary Draft

Maximize ERP Project

Incremental Capital Expenditures

2001 Machinery and Equipment

STRICTLY CONFIDENTIAL -Unaudited Preliminary Draft

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Maximize ERP Project

Income from Continuing Operations

Current Year Deferred Income Tax Benefit (Expense) - Temporary Difference

Cumulative Deferred Income Tax Asset (Liability)

Net Operating Loss (NOL), Beginning Balance

Taxable Income Before NOL

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Maximize ERP Project

STRICTLY CONFIDENTIAL -Unaudited Preliminary Draft

Maximize ERP Project

Incremental Project Expenditures

2000 Project Costs-Capitalized

2003 Project Costs-Capitalized

STRICTLY CONFIDENTIAL -Unaudited Preliminary Draft

Maximize ERP Project

STRICTLY CONFIDENTIAL -Unaudited Preliminary Draft