Sophisticated Petites

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					Sophisticated Petites

Income Statement ($000)     1988       1989

Sales                     600.110   1300.518
CGS
  Beginning Inventory           0    120.022
  Purchases               479.130    965.840
  Freight                   0.958      1.958
  Ending Inventory        120.022    268.494
  CGS                     360.066    819.326

Gross Profit              240.044    481.192

Expenses
 Advertising               10.000     15.000
 Gen & Admin - Var         45.000     45.000
 Gen & Admin - Fixed        0.000     32.513
  Bad Debt                  0.600      1.301
  Bank Charges              0.600      0.600
  Credit Card               7.501     16.256
  Depreciation              6.155     11.054
  Thefts                    6.001     13.005
  Salary (Owner)            0.000     31.250
  Promo                    18.003     39.016
  Rent                     72.050    141.038
  Wages/Benefits           39.543     90.034
  Interest                  0.000      5.707

Total Expenses            205.453    441.774

Extraordinary loss          0.000     20.450

Net Profit Before Tax      34.591     18.968
Taxes                       8.648      4.742
Net Profit After Tax       25.943     14.226


Balance Sheet ($000)        1988       1989

Cash                       20.778     19.518
Inventories               120.022    268.494
Prepaid                     2.750      2.750
Current Assets            143.550    290.762

Funiture/Leasehold         61.546    110.540
 Less: Accum. Depr          6.155     17.209
Net Fixed Assets           55.391     93.331

Total Assets              198.941    384.093


A/P                        79.000    206.176
LTD Current                 0.000      7.800
Current Liabilities        79.000    213.976

Due to Shareholders        19.000     19.000
LTD Loan                    0.000     35.950
Total LT Liabilities       19.000     54.950

Equity - Paid in           75.000     75.000
Retained Earnings          25.941     40.167
Total Equity              100.941    115.167

Total Liabs + Equity      198.941    384.093

				
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