Day Business Proposal Balance Sheet October 2005
Current Debt Ratio 1.00 Cash Ratio 1.00
Quick Ratio 1.00 Working Capital $0
Assets Liabilities
Current Assets Current Liabilities
Cash and cash equivalents 100 Loans payable and current portion long-term debt -
Short-term investments - Accounts payable and accrued expenses 100
Inventories - Income Taxes Payable -
Deferred Income Taxes - Accrued retirement and profit-sharing contributions -
Prepaid Insurances - Accrued Payroll Taxes -
Prepaid Property Taxes -
Total Current Assets $ 100 Total Current Liabilities $ 100
Other Assets Other Liabilities
Property, plant, and equipment at cost 75,691 Long-term debt (proposed SBA Loan) 160,000
Less accumulated depreciation - Accrued retirement costs -
Leasehold Improvements 7,065 Deferred income taxes -
Long-term cash investments - Deferred credits and other liabilities -
Equity investments -
Goodwill (upon purchase) 62,250
Other assets (per stmts-no breakdown) 95,409
Total Other Assets $ 240,415 Total Other Liabilities $ 160,000
Total Assets $ 240,515 Total Liabilities $ 160,100
Purchase Proposal Owner's Equity
Purchase Price 200,000 Investments 40,000
Down Payment (20%) 40,000 Draws
SBA Loan 160,000
Business Retained Earnings
Covenant not to compete (___ Years) 79,000 Proposed Business Purchase Retained Earnings 40,415
Income Taxes Payable (Thru purchase date-Seller Exp)
Total Owner's Equity 80,415
Net Purchae Proposal $ 279,000 Total Liabilities & Owner's Equity 240,515
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Day Business Proposal Balance Sheet
Asset Supplement Leasehold Improvements Supplement *
Cash Register 290 2004-Burnside Building 1054
Computer 871 2004-Décor 354
Furniture 1087 2004-Division Building 469
Storage Shed 160 2004-Lot Landscaping 887
Copier 397 2004-Building Equipment (?) 1057
Printer 293 2005-Building Repairs 1100
Gresham Equipment (?) 31903 2005-Building Equipment (?) 1863
Gresham Hut 23624 2005-Lot Landscaping 282
Grinder 700 Leasehold Improvement Supplement 7065
Timeclock 190
Equipment 10079 * Questions - Not on Depreciation Schedules
2004 Equipment (?) 6097
Total Asset Supplement $ 75,691
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