attached accounting/finance forcasting assignment

jones_electrical_case.xls

Exhibits

Exhibit 1 Operating Statements for Years Ending December 31, 2004-2006,					Exhibit 2 Balance Sheet as of December 31, 2004-2006
and for the first quarter 2007 (thousands of dollars)					and March 31, 2007 (thousands of dollars)
Exhibit 1					Exhibit 2
				First Quarter					First Quarter
	2004	2005	2006	2007 a		2004	2005	2006	2007
Net sales	$1,624	$1,916	$2,242	$608	Cash	$45	$53	$23	$32
Cost of goods sold	$1,304	$1,535	$1,818	$499	Accounts receivable	$187	$231	$264	$290
Gross profit on sales	$320	$381	$424	$109	Inventory	$243	$278	$379	$432
					Total current assets	$475	$562	$666	$755
Operating expense b	$272	$307	$347	$94
Interest expense	$27	$30	$31	$8	Property & equipment	$187	$202	$252	$252
Net income before taxes	$21	$44	$46	$7	Accumulated depreciation	($74)	($99)	($134)	($142)
					Total PP&E, net	$113	$103	$118	$110
Provision for income taxes	$7	$15	$16	$2
Net income	$14	$29	$30	$5	Total assets	$588	$665	$784	$865
					Accounts payable	$36	$42	$120	$203
					Line of credit payable	$149	$214	$249	$250
					Accrued expenses	$13	$14	$14	$12
					Long term debt, current portion	$24	$24	$24	$24
					Current liabiliities	$222	$294	$407	$489
					Long-term debt	$182	$158	$134	$128
					Total liabilities	$404	$452	$541	$617
					Net worth	$184	$213	$243	$248
					Total liabilities and net worth	$588	$665	$784	$865