Target Ratios Analysis

Horizontal analysis

Balance Sheet

2010 2009 2008

Assets

Cash $2,200 154.63% $864 -64.73% $2,450

Accounts receivable, net $6,966 -13.83% $8,084 0.37% $8,054

Inventory $7,179 7.07% $6,705 -1.11% $6,780

Other current asset $2,079 13.30% $1,835 13.13% $1,622

Total current assets $18,424 5.35% $17,488 -7.50% $18,906

Property and equipment:

Land $5,793 0.45% $5,767 4.44% $5,522

Building and equipment $22,152 8.43% $20,430 11.46% $18,329

Fixtures and equipment $4,743 11.08% $4,270 10.68% $3,858

Computer hardware and software $2,575 -0.43% $2,586 6.82% $2,421

Constrution in progress $502 -71.53% $1,763 -4.81% $1,852

Properly and equipment, net $35,765 38.86% $25,756 6.89% $24,095

Other noncurrent assets $829 -3.83% $862 -44.71% $1,559

Total assets $55,018 24.74% $44,106 -1.02% $44,560

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable $6,511 2.75% $6,337 -5.71% $6,721

Accrued payable $3,120 7.11% $2,913 -5.94% $3,097

Unsecured debt and other borrowings $796 -36.93% $1,262 -13.80% $1,464

Nonrecourse debt coolateralized by credit card receivables $900 0 $- -100.00% $500

Total current liabilities $11,327 7.75% $10,512 -10.78% $11,782

Total noncurrent liabilities $17,859 -10.18% $19,882 13.80% $17,471

Common stock $62 -1.59% $63 -7.35% $68

Total paid in capital $2,919 5.68% $2,762 3.99% $2,656

Retained earnings $12,947 13.14% $11,443 -10.33% $12,761

Total stockholders equity $15,347 11.92% $13,712 -10.42% $15,307

Total liability and share holder $44,533 0.97% $44,106 -1.02% $44,560

Income statement

2010 2009 2008

Sales $65,786 3.71% $63,435 0.88% $62,884

Credit card revenue $1,604 -16.55% $1,922 -6.88% $2,064

Total Revenue $67,390 3.11% $65,357 0.63% $64,948

Cost of goods sold $45,725 3.77% $44,062 -0.22% $44,157

Gross margin $21,665 1.74% $21,295 2.42% $20,791

Operating expenses:

Selling expenses andAdministrative expense $13,469 2.99% $13,078 0.96% $12,954