Ceo

THE CEO FINANCIAL ASSISTANT
Simple to operate and especially designed for the CEO, The CEO Financial Assistant creates a
concise corporate financial analysis report. It has at its core a framework that can be altered to
specific needs.
Accompanying The CEO Financial Assistant is a linked PowerPoint Presentation of key charts.
Proficiency in Microsoft Excel and PowerPoint is assumed.
For Best Viewing, please set your Screen Resolution to the highest resolution.
Copyright, 2009, JaxWorks, All Rights Reserved.
TABLE OF CONTENTS
Introduction
Auto Charts
Optimal
Performance
Break-Even
Annual Income
Chart
Quarterly
Income
Net Income Chart
Current Ratio Chart
Assets Chart
Quick Ratio Chart

Working Capital
Chart
Stock Evaluation
Chart
Sales Chart
Direct Expenses
Total Chart
Expenses
Statement
Cash Flow Chart
Cash Flow
Projections
Cash
Flow
What-If Period 4
Chart
Gross Profit Chart
Projections Chart
Ratios
What-If Overview
EBIT Chart
Z-Score Chart
Instructions
Master Data Entry
Turnover Data Chart
Expenses Data
Chart
What-If Period 1
What-If Period 2
What-If Period 3
Liabilities Chart
Balance Sheet
Chart
Cash
Flow
Dashboard
Support
Copyright
License Agreement
INSTRUCTIONS
You will be posting numbers from your financial statements to The Master Data Entry worksheet.
This worksheet drives all other analysis sheets and charts.
The shaded cells contain formulas and are automatically calculated by Excel. DO NOT enter any information into them.
Enter numbers where they are BLUE.
You may want to group all of the charts together at the end of the workbook by moving them to the order you prefer. This
will not effect the Table of Contents worksheet, however, changing tab names will corrupt the hyperlinks.
Each worksheet has been preset for printing at "Fit To 1:1", however, you may have to adjust some settings to your
printer.
The experienced spreadsheet operator can alter this product to produce a 4 year analysis rather than by quarter.
For Best Viewing Please Set Your Screen Resolution to 1024 X 768 Pixels.
Clear Worksheet
Add Sample Data
MASTER DATA ENTRY SHEET

Year of Projection
Corporation Type (C or S)?
Operating Data
Days sales in accounts receivable
Days materials cost in inventory
Days finished goods in inventory
Days materials cost in payables
Days payroll expense accrued
Days operating expense accrued
Expense Data
Direct labor as % of sales
Other payroll as % of sales
Payroll taxes as % of payroll
Insurance as % of payroll
Legal/accounting as % of sales
Office overhead as % of sales
Financing Data (0 on)
Long term debt
Short-term debt
Capital stock issued
Additional paid-in capital
Accumulated depreciation (as of 1999)
2000
C
16.00%
12.00%
10.00%
5.00%
2.00%
3.00%
Table of Contents
'C' Corporation format selected; income taxes WILL be computed

1st Qtr
2nd Qtr
3rd Qtr
30
30
30
30
30
30
45
45
45
60
60
60
7
7
7
20
20
20
of sales
of sales
of payroll
of payroll
of sales
of sales
$320,000
$240,000
$56,000
$28,000
$40,000
$60,000
Depreciation
Capital
$100,000
$50,000
$400,000
4th Qtr
30
30
45
60
7
20
$240,000
$180,000
$42,000
$21,000
$30,000
$45,000
$208,000
$156,000
$36,400
$18,200
$26,000
$39,000
$321,616
$241,212
$56,283
$28,141
$40,202
$60,303
Current Portion
$100,000
$50,000
LT Portion
$500,000
Rate
10.00%
10.00%
DATA CHART - TURNOVER
Table of Contents
60
Number of Days
50
40
30
20
10
0
1st Qtr
2nd Qtr
3rd Qtr
4th Qtr
Days payroll expense accrued
Days operating expense accrued
Days sales in accounts receivable
Days materials cost in inventory
Days finished goods in inventory
Days materials cost in payables
DATA CHART - EXPENSES
Table of Contents
$350,000
$300,000
$250,000
$200,000
$150,000
$100,000
$50,000
$0
1st Qtr
2nd Qtr
Insurance
Legal/Accounting
Payroll Taxes
3rd Qtr
Office Overhead
Other Payroll
4th Qtr
Direct Labor
What-If Period 1
Table of Contents
Reset This Worksheet
1st Qtr
Net Sales Revenue
LESS Cost of Sales
Gross Profit
PLUS Other Income
LESS All Expenses
Income Before Tax
LESS Income Taxes
Net Income (Loss)
Actuals
$2,000,000
$945,000
$1,055,000
$120,000
What-If Scenario
$2,000,000
$945,000
$1,055,000
$120,000
$474,000
$701,000
$210,300
$490,700
$474,000
$701,000
$210,300
$490,700
What-If Scenario
Actuals
$0
$500,000
Net Income (Loss)
$1,000,000
Gross Profit
$1,500,000
$2,000,000
Net Sales Revenue
$2,500,000
What-If Period 2
Table of Contents
2nd Qtr
Net Sales Revenue
LESS Cost of Sales
Gross Profit
PLUS Other Income
LESS All Expenses
Income Before Tax
LESS Income Taxes
Net Income (Loss)
Actuals
$1,500,000
$865,000
$635,000
$60,000
What-If Scenario
$1,500,000
$865,000
$635,000
$60,000
$369,458
$325,542
$97,663
$227,879
$369,458
$325,542
$97,663
$227,879
What-If Scenario
Actuals
$0
$500,000
Net Income (Loss)
$1,000,000
Gross Profit
$1,500,000
Net Sales Revenue
$2,000,000
What-If Period 3
Table of Contents
3rd Qtr
Net Sales Revenue
LESS Cost of Sales
Gross Profit
PLUS Other Income
LESS All Expenses
Income Before Tax
LESS Income Taxes
Net Income (Loss)
Actuals
$1,300,000
$833,000
$467,000
$103,000
What-If Scenario
$1,300,000
$833,000
$467,000
$103,000
$327,058
$242,942
$72,883
$170,059
$327,058
$242,942
$72,883
$170,059
What-If Scenario
Actuals
$0
$200,000
$400,000
Net Income (Loss)
$600,000
Gross Profit
$800,000 $1,000,000 $1,200,000 $1,400,000
Net Sales Revenue
What-If Period 4
Table of Contents
4th Qtr
Net Sales Revenue

LESS Cost of Sales
Gross Profit
PLUS Other Income
LESS All Expenses
Income Before Tax
LESS Income Taxes
Net Income (Loss)
Actuals
$2,010,100
$1,071,616
$938,484
$605,700
What-If Scenario
$2,010,100
$1,071,616
$938,484
$605,700
$477,599
$1,066,585
$319,975
$746,609
$477,599
$1,066,585
$319,975
$746,609
What-If Scenario
Actuals
$0
$500,000
Net Income (Loss)
$1,000,000
Gross Profit
$1,500,000
$2,000,000
Net Sales Revenue
$2,500,000
Reduce Expenses
2114385.839
939964.6608
508749.9718
Page 11
What-If Summary
Table of Contents
1st Qtr
Actuals
$2,000,000
$945,000
$1,055,000
$120,000
What-If Scenario
$2,000,000
$945,000
$1,055,000
$120,000
$474,000
$701,000
$210,300
$490,700
$474,000
$701,000
$210,300
$490,700
Actuals
$1,500,000
What-If Scenario
$1,500,000
LESS All Expenses

Income Before Tax
LESS Income Taxes
$865,000
$635,000
$60,000
$369,458
$325,542
$97,663
$865,000
$635,000
$60,000
$369,458
$325,542
$97,663
Net Income (Loss)
$227,879
$227,879
Actuals
$1,300,000
$833,000
$467,000
$103,000
$327,058
What-If Scenario
$1,300,000
$833,000
$467,000
$103,000
$327,058
$242,942
$72,883
$170,059
$242,942
$72,883
$170,059
Actuals
$2,010,100
$1,071,616
$938,484
What-If Scenario
$2,010,100
$1,071,616
$938,484
$605,700
$477,599
$1,066,585
$319,975
$746,609
$605,700
$477,599
$1,066,585
$319,975
$746,609
Sales Revenue
LESS Cost of Sales
Gross Profit
PLUS Other Income
LESS All Expenses
Income Before Tax
LESS Income Taxes
Net Income (Loss)
What-If Scenario
Actuals
$0
$1,000,000
Net Income (Loss)
Gross Profit
$2,000,000
$3,000,000
Sales Revenue
2nd Qtr
Sales Revenue
LESS Cost of Sales
Gross Profit
PLUS Other Income
What-If Scenario
Actuals
$0
$1,000,000
Net Income (Loss)
Gross Profit
$2,000,000
$3,000,000
Sales Revenue
3rd Qtr
Sales Revenue
LESS Cost of Sales
Gross Profit
PLUS Other Income
LESS All Expenses
Income Before Tax
LESS Income Taxes
Net Income (Loss)
What-If Scenario
Actuals
$0
$1,000,000
Net Income (Loss)
Gross Profit
$2,000,000
$3,000,000
Sales Revenue
4th Qtr
Sales Revenue
LESS Cost of Sales
Gross Profit
PLUS Other Income
LESS All Expenses
Income Before Tax
LESS Income Taxes
Net Income (Loss)
What-If Scenario
Actuals
$0
$1,000,000
Net Income (Loss)
Gross Profit
$2,000,000
Sales Revenue
$3,000,000
Original
6374602.99
2480277.97
3894325.02
0
-216335.03
4110660.05
226600
3884060.05
Page 13
Reduce Cost of Sales
1480277.97
Page 14
Sale s and Total Cos t of Sale s
2,500,000
2,000,000
1,500,000
1,000,000
500,000
0
1st Qtr 2nd Qtr 3rd Qtr 4th Qtr
Sales
Total Cost of Sales
Optimal Quarterly Performance Analysis
Table of Contents
Average Qtr Performance

$
Total Sales
Optimal Qtr Performance

$
Variance
$
307,575
$1,702,525
100.00%
2,010,100
100.00%
Total Cost of Goods Sold
928,654
54.55%
833,000
41.44%
(95,654)
Gross Profit
773,871
45.45%
1,055,000
52.48%
281,129
Total Operating Expenses
412,029
24.20%
327,058
16.27%
(84,971)
Operating Income
361,842
21.25%
581,000
28.90%
219,158
Net Income (Loss)
408,812
24.01%
746,609
37.14%
337,797
Break-Even Analysis
Table of Contents
1st Qtr
2nd Qtr
3rd Qtr
4th Qtr
Annual
Sales
2,000,000
1,500,000
1,300,000
2,010,100
6,810,100
Contribution Margin
1,055,000
635,000
467,000
938,484
3,095,484
Contribution Margin Ratio
52.75%
Total Fixed Expenses
474,000
Total Fixed Expenses Ratio
23.70%
Break-Even Sales
898,578
Break-Even %
44.93%
42.33%
35.92%
369,458
327,058
24.63%
25.16%
872,735
910,440
58.18%
70.03%
46.69%
477,599
23.76%
1,022,950
50.89%
Annual Date of Break-Even
45.45%
1,648,115
24.20%
3,625,872
53.24%
7/12
Operating Profit
581,000
265,542
139,942
460,885
1,447,369
Bre ak-Eve n Analysis

$8,000,000
$7,000,000
$6,000,000
$5,000,000
$4,000,000
$3,000,000
$2,000,000
Jan
Dec
Nov
Oct
Sep
Aug
Jul
Jun
May
Apr
Mar
Jan
$0
Feb
$1,000,000
INCOME SUMMARY CHART - ANNUALIZED
Table of Contents
$7,000,000
$6,000,000
$5,000,000
$4,000,000
$3,000,000
$2,000,000
$1,000,000
$0
Operating Expense
Net income
Income Before Taxes
Gross Profit
Sales
INCOME SUMMARY CHART - 4 QTRS
Table of Contents
$2,500,000
$2,000,000
$1,500,000
$1,000,000
$500,000
$0
1st Qtr
2nd Qtr
Operating Expense
Income Before Taxes
3rd Qtr
Gross Profit
4th Qtr
Sales
SALES CHART
Table of Contents
$2,500,000
$2,000,000
$1,500,000
$1,000,000
$500,000
$0
1st Qtr
2nd Qtr
3rd Qtr
4th Qtr
DIRECT OPERATING EXPENSES CHART
Table of Contents
$500,000
$450,000
$400,000
$350,000
$300,000
$250,000
$200,000
$150,000
$100,000
$50,000
$0
1st Qtr
2nd Qtr
Other costs
Direct labor
3rd Qtr
Direct Materials
4th Qtr
TOTAL OPERATING EXPENSES CHART
Table of Contents
$500,000
$450,000
$400,000
$350,000
$300,000
$250,000
$200,000
$150,000
$100,000
$50,000
$0
1st Qtr
2nd Qtr
3rd Qtr
4th Qtr
GROSS PROFIT CHART
Table of Contents
$1,200,000
$1,000,000
$800,000
$600,000
$400,000
$200,000
$0
1st Qtr
2nd Qtr
3rd Qtr
4th Qtr
EARNING BEFORE INCOME TAX CHART
Table of Contents
$1,200,000
$1,000,000
$800,000
$600,000
$400,000
$200,000
$0
1st Qtr
2nd Qtr
3rd Qtr
4th Qtr
NET INCOME CHART
Table of Contents
$800,000
$700,000
$600,000
$500,000
$400,000
$300,000
$200,000
$100,000
$0
1st Qtr
2nd Qtr
3rd Qtr
4th Qtr
ASSETS CHART
Table of Contents
$5,000,000
$4,500,000
$4,000,000
$3,500,000
$3,000,000
$2,500,000
$2,000,000
$1,500,000
$1,000,000
$500,000
$0
1st Qtr
2nd Qtr
Intangible Assets
Current Assets
3rd Qtr
Fixed Assets
Total Assets
4th Qtr
LIABILITIES CHART
Table of Contents
$5,000,000
$4,500,000
$4,000,000
$3,500,000
$3,000,000
$2,500,000
$2,000,000
$1,500,000
$1,000,000
$500,000
$0
1st Qtr
Current Liabilities
2nd Qtr
Total Liabilities
Stockholders Equity
3rd Qtr
4th Qtr
Total Liabilities and Equity
BALANCE SHEET SUMMARY CHART
Table of Contents
$5,000,000
$4,500,000
$4,000,000
$3,500,000
$3,000,000
$2,500,000
$2,000,000
$1,500,000
$1,000,000
$500,000
$0
Intangible Assets
Total Liabilities
1999
1st Qtr
Current Liabilities
Fixed Assets
Current Assets
Total Assets
2nd Qtr
3rd Qtr
Stockholders' Equity
4th Qtr
CASH FLOW STATEMENT
Table of Contents
1st Qtr
Forecasted
2nd Qtr
3rd Qtr
4th Qtr
Total
4 Quarters
$490,700
$33,750
$227,879
$35,208
$170,059
$35,208
$746,609
$35,208
$1,635,247
$139,374
$524,450
$263,087
$205,267
$781,817
$1,774,621
($307,534)
($230,411)
($50,000)
($8,000)
($271,233)
$0
$153,300
($6,712)
($4,000)
$0
$164,383
$39,452
$14,910
($87,000)
$0
$0
($112,637)
($20,822)
$0
$0
$65,754
$15,781
($31,230)
$115,000
$0
$0
($24,780)
($8,329)
$0
$0
($233,458)
($117,674)
$26,320
($18,000)
$0
$0
$247,092
$29,571
$0
($50,000)
($310,855)
($292,852)
($40,000)
$2,000
($271,233)
$0
$262,975
($6,292)
($4,000)
($50,000)
($724,590)
($1,714)
$132,196
($116,149)
($710,257)
$12,500
($50,000)
$75,000
$0
$12,500
$0
$0
$0
$12,500
$0
$0
$0
$12,500
$0
$0
$0
$50,000
($50,000)
$75,000
$0
$37,500
$12,500
$12,500
$12,500
$75,000
($50,000)
($100,000)
($10,000)
($3,000)
$40,000
$0
$0
$0
$0
$0
($50,000)
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
($50,000)
($100,000)
($10,000)
($3,000)
($10,000)
$0
Net cash from financing
($123,000)
($50,000)
$0
$0
($173,000)
Net increase (decrease) in cash
($360,640)
$198,873
$324,963
$653,168
$816,364
Cash at beginning of period
$451,000
$90,360
$289,233
$614,196
$451,000
Cash at the end of period
$90,360
$289,233
$614,196
$1,267,364
$1,267,364
Cash from operations

Net earnings (loss)
Add-depreciation and amortization
Net cash from operations
Cash provided (used) by
operating activities
Accounts Receivable
Inventory
Other current assets
Other non-current assets
Accounts payable
Current portion of long-term debt
Income taxes
Accrued expenses
Other current liabilities
Dividends paid
Investment transactions
Increases (decreases)
Land
Buildings and improvements
Equipment
Intangible assets
Net cash from investments
Financing transactions
Short term notes payable
Long term debt
Deferred income
Deferred income taxes
Other long-term liabilities
Capital stock and paid in capital
CASH FLOW CHART
Table of Contents
$1,400,000
$1,200,000
$1,000,000
$800,000
$600,000
$400,000
$200,000
$0
1st Qtr
2nd Qtr
3rd Qtr
4th Qtr
CASH FLOW PROJECTIONS - 8 YEARS
Table of Contents
1st Qtr
1
$490,700
$33,750
Current
2nd Qtr
3rd Qtr
2
3
$227,879
$170,059
$35,208
$35,208
4th Qtr
4
$746,609
$35,208
Forecasted-Linear Regression Analysis

5th Qtr
6th Qtr
7th Qtr
8th Qtr
5
6
7
8
$586,289
$657,279
$728,270
$799,261
$35,937
$36,374
$36,812
$37,249
$524,450
$263,087
$205,267
$781,817
$622,226
$693,654
$765,082
$836,510
($307,534)
($230,411)
($50,000)
($8,000)
($271,233)
$0
$153,300
($6,712)
($4,000)
$0
$164,383
$39,452
$14,910
($87,000)
$0
$0
($112,637)
($20,822)
$0
$0
$65,754
$15,781
($31,230)
$115,000
$0
$0
($24,780)
($8,329)
$0
$0
($233,458)
($117,674)
$26,320
($18,000)
$0
$0
$247,092
$29,571
$0
($50,000)
($46,814)
$5,422
$35,705
$43,500
$135,617
$0
$158,052
$28,763
$2,000
($50,000)
($34,454)
$36,876
$53,987
$60,700
$216,986
$0
$194,975
$40,897
$3,200
($65,000)
($22,094)
$68,330
$72,269
$77,900
$298,356
$0
$231,899
$53,031
$4,400
($80,000)
($9,734)
$99,784
$90,551
$95,100
$379,726
$0
$268,822
$65,165
$5,600
($95,000)
($724,590)
($1,714)
$132,196
($116,149)
$312,244
$508,167
$704,091
$900,014
$12,500
($50,000)
$75,000
$0
$12,500
$0
$0
$0
$12,500
$0
$0
$0
$12,500
$0
$0
$0
$12,500
$25,000
($37,500)
$0
$12,500
$40,000
($60,000)
$0
$12,500
$55,000
($82,500)
$0
$12,500
$70,000
($105,000)
$0
$37,500
$12,500
$12,500
$12,500
$0
($7,500)
($15,000)
($22,500)
($50,000)
($100,000)
($10,000)
($3,000)
$40,000
$0
$0
$0
$0
$0
($50,000)
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$25,000
$50,000
$5,000
$1,500
($20,000)
$0
$40,000
$80,000
$8,000
$2,400
($27,000)
$0
$55,000
$110,000
$11,000
$3,300
($34,000)
$0
$70,000
$140,000
$14,000
$4,200
($41,000)
$0
Net cash from financing
($123,000)
($50,000)
$0
$0
$61,500
$103,400
$145,300
$187,200
Net increase (decrease) in cash
($360,640)
$198,873
$324,963
$653,168
$995,970
$1,312,721
$1,629,472
$1,946,224
Cash at beginning of period
$451,000
$90,360
$289,233
$614,196
$533,313
$602,159
$671,005
$739,851
$90,360
$289,233
$614,196
$1,267,364
$1,529,282
$1,914,880
$2,300,477
$2,686,075
Cash from operations

Net earnings (loss)
Add-depreciation and amortization
Cash provided (used) by
operating activities
Accounts Receivable
Inventory
Other current assets
Other non-current assets
Accounts payable
Current portion of long-term debt
Income taxes
Accrued expenses
Other current liabilities
Dividends paid
Investment transactions
Land
Buildings and improvements
Equipment
Intangible assets
Net cash from investments
Financing transactions
Short term notes payable
Long term debt
Deferred income
Deferred income taxes
Other long-term liabilities
Capital stock and paid in capital
CASH FLOW PROJECTIONS - 8 YEARS
Table of Contents
$3,000,000
$2,500,000
$2,000,000
$1,500,000
$1,000,000
$500,000
$0
1st Qtr
2nd Qtr
3rd Qtr
4th Qtr
5th Qtr
6th Qtr
7th Qtr
8th Qtr
FINANCIAL RATIOS
Description
Altman Z Score
Liquidity Ratios
Current Ratio
Gross Margin Percentage
Quick Ratio
Activity Ratios
Days Sales in AR
Inventory Turnover
Days Inventory
Net Sales to Inventory
Days Purchases in AP
Working Capital
Net Sales to Working Capital
Total Assets to Net Sales
Net Sales to AR
Net Sales to Net Fixed Assets
Net Sales to Total Assets
Net Sales to Net Worth
Amortization and Depreciation Expense to Net Sales
Profitability Ratios
Gross Profit Percentage
Operating Expenses as % of Net Sales
Return on Total Assets
Return on Net Worth
Return on Net Sales
Income before tax to Net Worth
Income before tax to Total Assets
Retained Earning to Net Income
Coverage Ratios
Times Interest Earned
Interest Expense to Net Sales
Current Liabilities to Net Worth
Current Liabilities to Inventory
AP to Net Sales
Total Liabilities to Net Worth
Net Worth to Total Liabilities
Table of Contents
1st Qtr
2.94
2nd Qtr
2.84
3rd Qtr
2.88
4th Qtr
3.35
1.90
107%
1.07
2.27
133%
1.33
2.87
189%
1.89
3.08
228%
2.28
29.59
1.50
60.04
3.17
31.31
$680,950
2.94
1.75
3.04
1.00
0.57
0.98
0.001
29.59
1.46
61.49
2.54
34.21
$794,537
1.89
2.37
3.04
0.76
0.42
0.66
0.001
29.59
1.45
62.14
2.26
35.52
$1,102,304
1.18
2.84
3.04
0.66
0.35
0.53
0.001
29.59
1.55
58.19
2.90
27.61
$1,803,621
1.11
2.32
3.04
1.04
0.43
0.64
0.001
52.75%
21.20%
14.00%
24.05%
24.54%
34%
20%
385%
42.33%
21.20%
6.42%
10.05%
15.19%
14%
9%
930%
35.92%
21.20%
4.61%
6.97%
13.08%
10%
7%
1346%
46.69%
21.20%
16.02%
23.81%
37.14%
34%
23%
400%
35.75
0.01
0.37
1.20
0.16
0.72
1.39
16.34
0.01
0.28
1.06
0.22
0.56
1.77
8.61
0.01
0.24
1.03
0.25
0.51
1.95
28.36
0.01
0.28
1.25
0.16
0.49
2.06
Z-SCORE CHART
Table of Contents
3.40
3.30
3.20
3.10
3.00
2.90
2.80
2.70
2.60
2.50
1st Qtr
2nd Qtr
3rd Qtr
Altman Z Score
4th Qtr
CURRENT RATIO CHART
Table of Contents
3.50
3.00
2.50
2.00
1.50
1.00
0.50
1st Qtr
2nd Qtr
3rd Qtr
4th Qtr
QUICK RATIO CHART
Table of Contents
2.50
2.00
1.50
1.00
0.50
1st Qtr
2nd Qtr
3rd Qtr
4th Qtr
WORKING CAPITAL CHART
Table of Contents
$2,000,000
$1,800,000
$1,600,000
$1,400,000
$1,200,000
$1,000,000
$800,000
$600,000
$400,000
$200,000
$0
1st Qtr
2nd Qtr
3rd Qtr
4th Qtr
COMPANY STOCK VALUATION
Table of Contents
Enter Data Formatted in Blue - Shaded Cells Contain Formula.

Given the following assumptions, compute the value per share of the firm.
Return on incremental investment beginning 3rd Quarter

Plowback rate beginning 3rd Quarter
Weighted average cost of capital
Tax rate
20%
30%
12%
30%
1st Qtr
Sales
Earnings before interest and taxes (EBIT)
Taxes on EBIT @ 40%
EBIAT
2nd Qtr
3rd Qtr
$1,500,000
$325,542
($97,663)
$227,879
$1,300,000
$242,942
($72,883)
$170,059
4th Qtr
$2,010,100
$1,066,585
($319,975)
$746,609
Current assets less marketable securities

Current liabilities
Adjusted net working capital
$1,338,305
$757,355
$580,950
$1,418,433
$623,896
$794,537
$1,693,091
$590,787
$1,102,304
Gross property, plant and equipment

Accumulated depreciation
Net property, plant and equipment
$2,437,500
$432,500
$2,005,000
$2,450,000
$466,458
$1,983,542
$2,462,500
$500,416
$1,962,084
Invested capital
$2,585,950
$2,778,079
$3,064,388
$3,288,371
$227,879
($192,129)
$35,750
$170,059
($286,309)
($116,250)
$35,750
89.29%
$31,920
$31,920
($116,250)
79.72%
($92,673)
($60,753)
$746,609
($223,983)
$522,627
$9,233,069
$9,755,696
71.18%
$6,943,911
$6,883,158
EBIAT
Less change in invested capital
Free cash flow
Terminal value
Total
PV factor
PV of cash flow and terminal value
Cumulative PV
Enterprise value
Plus marketable securities
Less short-term debt
Less long-term debt
Equity value
Divide by number of shares outstanding
Value per share
$6,883,158
$100,000
($328,767)
($500,000)
$6,154,391
$100,000
$61.54
DASHBOARD
Altm an Z-Score
3.40
3.30
3.20
3.10
3.00
2.90
2.80
2.70
2.60
2.50
1st Qtr
2nd Qtr
3rd Qtr
4th Qtr
Expe ns e s
Bre ak -Eve n Analysis
$350,000
$8,000,000
$300,000
$7,000,000
$6,000,000
$250,000
$5,000,000
$200,000
$4,000,000
$150,000
$3,000,000
$100,000
$2,000,000
$50,000
Insurance
Legal/Accounting
Payroll Taxes
Office Overhead
Other Payroll
Dec
Oct
Nov
Sep
Jul
Aug
Jun
Apr
4th Qtr
May
3rd Qtr
Mar
2nd Qtr
Jan
$0
1st Qtr
Feb
$1,000,000
$0
Direct Labor
Annual Incom e
Quarterly Incom e
$2,500,000
$7,000,000
$2,000,000
$6,000,000
$1,500,000
$5,000,000
$4,000,000
$1,000,000
$3,000,000
$500,000
$2,000,000
$1,000,000
$0
$0
1st Qtr
Operating Expense
Net income
Income Before Taxes
Gross Profit
Sales
2nd Qtr
Operating Expense
3rd Qtr
Income Before Taxes
Sale s
4th Qtr
Gross Profit
Sales
Dire ct Expe ns es
$500,000
$2,500,000
$450,000
$400,000
$2,000,000
$350,000
$300,000
$1,500,000
$250,000
$200,000
$1,000,000
$150,000
$100,000
$500,000
$50,000
$0
$0
Total Expe ns es
Gros s Profit
$500,000
$1,200,000
$450,000
$1,000,000
$400,000
$350,000
$800,000
$300,000
$250,000
$600,000
$200,000
$400,000
$150,000
$100,000
$200,000
$50,000
$0
$0
Earnings Before Incom e Taxes
Ne t Incom e
$1,200,000
$800,000
$1,000,000
$700,000
$600,000
$800,000
$500,000
$600,000
$400,000
$400,000
$300,000
$200,000
$200,000
$100,000
$0
$0
As s e ts
Liabilitie s
$5,000,000
$5,000,000
$4,500,000
$4,500,000
$4,000,000
$4,000,000
$3,500,000
$3,500,000
$3,000,000
$3,000,000
$2,500,000
$2,500,000
$2,000,000
$2,000,000
$1,500,000
$1,500,000
$1,000,000
$1,000,000
$500,000
$500,000
$0
$0
1st Qtr
2nd Qtr
Intangible Assets
3rd Qtr
Current Assets
Fixed Assets
4th Qtr
1s t Qtr
Total Assets
Current Liabilities
Balance She e t Sum m ary
2nd Qtr
Total Liabilities
3rd Qtr
Stockholders Equity
4th Qtr
Cas h Flow - 4 Quarters
$5,000,000
$4,500,000
$4,000,000
$3,500,000
$1,400,000
$3,000,000
$1,200,000
$2,500,000
$1,000,000
$2,000,000
$800,000
$1,500,000
$600,000
$1,000,000
$400,000
$500,000
$200,000
$0
1999
1st Qtr
2nd Qtr
3rd Qtr
$0
4th Qtr
1st Qtr
Intangibl e Assets
Current Liabilities
Current Assets
Stockholders ' Equi ty
T otal Liabil ities
Fixed Assets
T otal As sets
2nd Qtr
Cas h Flow Proje ctions - 8 Pe riods
3rd Qtr
4th Qtr
Work ing Capital
$2,000,000
$1,800,000
$1,600,000
$1,400,000
$1,200,000
$3,000,000
$2,500,000
$2,000,000
$1,000,000
$800,000
$600,000
$400,000
$200,000
$0
$1,500,000
$1,000,000
$500,000
$0
1st Qtr
1st Qtr
2nd Qtr
3rd Qtr
4th Qtr
5th Qtr
6th Qtr
7th Qtr
2nd Qtr
3rd Qtr
4th Qtr
8th Qtr
Curre nt Ratio
Quick Ratio
3.50
2.50
3.00
2.00
2.50
1.50
2.00
1.50
1.00
1.00
0.50
0.50
-
1st Qtr
2nd Qtr
3rd Qtr
4th Qtr
1st Qtr
2nd Qtr
3rd Qtr
4th Qtr
Since 1996, JaxWorks has offered a suite of Free Excel workbooks and spreadsheets, and ass
documents, that cover a number of financial, accounting and sales functions. These are invalua
Also included Free are:
- business plan tools, including spreadsheets and excellent instructions
- Excel functions glossary and guide;
- free training courses for most Microsoft Office applications. These guides are in
PDF format and rival commercial books!
- comprehensive list of acronyms, ratios and formulas in customer financial
analysis, and financial terms;
- suite of online calculators, including, breakeven analysis, productivity analysis,
business evaluation;
- Altman Z-Score (covering publicly and privately held firms, and small
businesses);
- and payroll analysis.
If you are involved in financial analysis at any level, or want to learn more about MS Excel and o
this site is invaluable.
JaxWorks Small Business Spreadsheet Factory
preadsheets, and associated MS Word, PDF and HTML

ns. These are invaluable small business tools.
des are in
ncial
analysis,
about MS Excel and other applications in the Office suite
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Table of Contents
There is no support for Free downloads.
Table of Contents
Copyright Notice
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All rights reserved.
Specifications are subject to change without notice.
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Table of Contents
Products by JaxWorks
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THE CEO FINANCIAL ASSISTANT

Copyright, 2009, JaxWorks, All Rights Reserved.

Net Income Chart

Current Ratio Chart

Quick Ratio Chart

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MASTER DATA ENTRY SHEET

'C' Corporation format selected; income taxes WILL be computed

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DATA CHART - TURNOVER

Days payroll expense accrued

Days operating expense accrued

Days sales in accounts receivable

Days materials cost in inventory

Days finished goods in inventory

Days materials cost in payables

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DATA CHART - EXPENSES

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Reset This Worksheet

Net Income (Loss)

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Net Sales Revenue

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Net Income (Loss)

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Net Sales Revenue

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Net Income (Loss)

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$800,000 $1,000,000 $1,200,000 $1,400,000

Net Sales Revenue

Reset This Worksheet

Net Sales Revenue

Net Income (Loss)

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Net Sales Revenue

LESS All Expenses

Net Income (Loss)

Net Income (Loss)

Net Income (Loss)

Net Income (Loss)

Net Income (Loss)

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Reduce Cost of Sales

Sale s and Total Cos t of Sale s

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Optimal Quarterly Performance Analysis

Average Qtr Performance

Optimal Qtr Performance

Total Cost of Goods Sold

Total Operating Expenses

Net Income (Loss)

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Contribution Margin Ratio

Total Fixed Expenses

Total Fixed Expenses Ratio

Annual Date of Break-Even

Bre ak-Eve n Analysis

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INCOME SUMMARY CHART - ANNUALIZED

Income Before Taxes