analy2 Database MI Print Area MI WP A by Y4ErsGI5

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W A. 5                                                   BI L TRI TE BI CYCL ES, I NC.                                                          Pr e p a r e d b y :
                                                         COMPARATI VE PERCENTAGE BAL ANCE SHEETS                                                Da t e :
                                                            As o f De c e mb e r 3 1 , 2 0 0 9 a n d 2 0 0 8                                    Re v i e we d b y :
                                                                                                                                                Da t e :
                                                                                        ( i n t hous ands of          dol l ar s )

                                                                                                             Pe r c e n t o f                                           Pe r c e n t o f
                                                                                        1 2 / 3 1 / 2 0 0 9 To t a l As s e t s                 12/ 31/ 2008           To t a l As s e t s
                                                                                        -----------                                             -----------
                                 ASSETS

Cu r r e n t As s e t s :
   Ca s h o n h a n d a n d i n b a n k s                                                   $12, 362                                                $15, 800                      3. 84%
   I n v e s t me n t s i n ma r k e t a b l e s e c u r i t i e s                           $4, 200                                                 $5, 300                      1. 29%
   Ac c o u n t s a n d n o t e s r e c e i v a b l e - t r a d e     $12, 000                                                  $13, 200
       L e s s a l l o wa n c e f o r d o u b t f u l a c c o u n t s   ( $220)                                                   ( $800)
                                                                  -----------                                                -----------
                                                                                            $11, 780                                                $12, 400                      3. 01%
   I nv ent or i es :
      Ma t e r i a l s a n d p u r c h a s e d p a r t s            $26, 800                                                    $16,    150
      Go o d s i n p r o c e s s                                     $4, 500                                                     $4,    000
      Fi n i s h e d g o o d s                                      $15, 516                                                    $10,    142
      I n d i r e c t ma t e r i a l s a n d r e p a i r p a r t s   $3, 400                                                     $3,    200
                                                                -----------                                                  -------    ----
                                                                                            $50, 216                                                $33, 492                      8. 13%

   Pr e p a i d e x p e n s e s                                                               $600                                                    $560          0. 14%
   De f e r r e d t a x a s s e t - wa r r a n t y                                            $400                                                    $460          0. 11%
                                                                                        ----------- --------                                    ----------- ------------
       To t a l     c ur r ent     as s et s                                               $79, 558    0. 00%                                      $68, 012        16. 52%
                                                                                        ----------- --------                                    ----------- ------------
Pr o p e r t y ,    Pl a n t ,    a n d Eq u i p me n t :
   Land                                                                                       $4, 000                                                 $4, 000                     0. 97%

   Fa c t o r y b u i l d i n g                                             $50, 000                                             $50, 000
      L e s s a c c u mu l a t e d d e p r e c i a t i o n                ( $14, 140)                                          ( $12, 140)
                                                                       -----------                                           -----------
                                                                                            $35, 860                                                $37, 860                      9. 19%
 a
W r e h o u s e s a n d Sa l e s Of f i c e s                              $200, 000                                              $200, 000
      L e s s a c c u mu l a t e d d e p r e c i a t i o n               ( $105, 000)                                             ( $95, 000)
                                                                       -----------                                                                 $105, 000                    25. 50%
                                                                                            $95, 000
   Fa c t o r y e q u i p me n t                                           $360, 000                                            $320, 000
      L e s s a c c u mu l a t e d d e p r e c i a t i o n               ( $144, 660)                                         ( $147, 460)
                                                                       -----------                                           -----------
                                                                                           $215, 340                                               $172, 540                    41. 90%
   Of f i c e b u i l d i n g                                              $20, 000                                             $20, 000
      L e s s a c c u mu l a t e d d e p r e c i a t i o n                 ( $8, 000)                                           ( $7, 200)
                                                                       -----------                                           -----------
                                                                                            $12, 000                                                $12, 800                      3. 11%
   Of f i c e f i x t u r e s a n d e q u i p me n t                       $10, 000                                               $9, 000
      L e s s a c c u mu l a t e d d e p r e c i a t i o n                 ( $6, 150)                                           ( $5, 075)
                                                                       -----------                                           -----------
                                                                                              $3, 850                                                 $3, 925                     0. 95%
   Au t o s a n d t r u c k s                                               $1, 000                                                 $900
      L e s s a c c u mu l a t e d d e p r e c i a t i o n                   ( $620)                                              ( $300)
                                                                       -----------                                           -----------
                                                                                              $380                                                    $600          0. 15%
                                                                                        ----------- --------                                    ----------- ------------
       To t a l     pr oper t y ,      pl ant ,    a n d e q u i p me n t                 $366, 430    0. 00%                                     $336, 725        81. 77%

I n v e s t me n t s a n d Ot h e r       As s e t s :

   Pa t e n t s a n d c o p y r i g h t s ( n e t        of
      a c c u mu l a t e d a mo r t i z a t i o n )                         $6, 000                                              $6, 700
   De p o s i t s                                                             $340                                                 $340
                                                                       -----------                                           -----------
       To t a l     i n v e s t me n t s a n d o t h e r      as s et s                     $6, 340                                                 $7, 040         1. 71%
                                                                                        ----------- --------                                    ----------- ------------
TOTAL ASSETS                                                                              $452, 328    0. 00%                                     $411, 777       100. 00%
                                                                                        =========== ========                                    =========== ============

                         L I ABI L I TI ES                                                                                                                              Pe r c e n t o f
                                                                                                                                                                       To t a l L + SE
Cu r r e n t L i a b i l i t i e s :
   No t e s p a y a b l e                                             $3, 660                                                   $14, 890                                       3. 62%
   Ac c o u n t s p a y a b l e                                      $10, 200                                                   $18, 600                                       4. 52%
   I nt er es t pay abl e                                             $3, 400                                                    $2, 200                                       0. 53%
   Sa l a r i e s a n d wa g e s p a y a b l e                        $2, 190                                                    $2, 018                                       0. 49%
   Pa y r o l l wi t h h o l d i n g s                                  $510                                                       $490                                        0. 12%
   Ta x e s a n d f r i n g e b e n e f i t s p a y a b l e             $370                                                       $345                                        0. 08%
   I n c o me t a x e s p a y a b l e                                 $6, 000                                                    $1, 800                                       0. 44%
   Es t i ma t e d p r o d u c t wa r r a n t y l i a b i l i t y       $544                                                       $860                                        0. 21%
   Ac c r u e d c o mmi s s i o n s p a y a b l e                     $1, 400                                                    $1, 200                                       0. 29%
                                                                 -----------                                --------         -----------                               ------------
       To t a l c u r r e n t l i a b i l i t i e s                                         $28, 274           0. 00%                               $42, 403                  10. 30%

L o n g - Te r m L i a b i l i t i e s :
    Mo r t g a g e n o t e p a y a b l e ( 1 0 %)                          $60, 000                                             $60, 000
    De f e r r e d t a x l i a b i l i t y - d e p r e c i a t i o n       $10, 600                                              $9, 800
    1 2 % n o t e p a y a b l e t o Ba n k Two                             $45, 000                                                   $0
                                                                       -----------                                           -----------
                                                                                          $115, 600                                                $69, 800                     16. 95%
                                                                                        ----------- --------                                    ----------- ------             ------
TOTAL L I ABI L I TI ES                                                                   $143, 874    0. 00%                                     $112, 203                     27. 25%
                                                                                        ----------- --------                                    ----------- ------             ------
                   STOCKHOL DERS'          EQUI TY

I n v e s t e d Ca p i t a l :
    Pr e f e r r e d s t o c k - $ 1 0 0 p a r v a l u e , 1 0 %
      c u mu l a t i v e , 1 0 mi l l i o n s h a r e s a u t h o r i z e d ,
                                                                      $120
      1 . 2 mi l l i o n s h a r e s i s s u e d a n d o u t s t a n d i n g , 0 0 0                                              $120, 000
    Co mmo n s t o c k , $ 1 0 p a r v a l u e , 9 0 mi l l i o n
      s h a r e s a u t h o r i z e d , 1 0 mi l l i o n s h a r e s
      i s s u e d , o f wh i c h 2 2 0 , 0 0 0 s h a r e s a r e
      i n t he t r eas ur y                                           $100, 000                                                   $100, 000
    Pa i d - i n c a p i t a l i n e x c e s s o f p a r
      v al ue of c api t al s t oc k                                    $50, 000                                                $50, 000
                                                                  -----------                                                -----------
                                                                                           $270, 000                                               $270, 000                    65. 57%

Re t a i n e d Ea r n i n g s                                                              $46, 607                                                $29, 574         7. 18%
                                                                                        ----------- --------                                    ----------- ------------
   To t a l                                                                               $316, 607                                               $299, 574        72. 75%
   Les s c os t of 1, 300 s har es of
    t r eas ur y s t oc k                                                                  ( $8, 153)                                                    $0
                                                                                        ----------- --------                                    ----------- ------------
TOTAL STOCKHOL DERS'                   EQUI TY                                            $308, 454                                               $299, 574        72. 75%
                                                                                        ----------- --------                                    ----------- ------------



TOTAL L I ABI L I TI ES AND STOCKHOL DERS'
  EQUI TY                                                                                 $452, 328    0. 00%                                      $411, 777               100. 00%
                                                                                        =========== ========                                    =========== ============
                                                                                                                                                       2009
                                                                                              2009               2008                           I n d u s t r y Ra t i o s

CURRENT RATI O                                                                                                     1. 60                                  1. 90

QUI CK RATI O                                                                                                      0. 74                                  1. 00

TI MES I NTEREST EARNED                                                                                            2. 35                                  4. 00

RETURN ON STOCKHOL DERS'                       EQUI TY                                                             2. 86%                                 3. 40%



NET I NCOME BEFORE TAXES AND
  EXTRAORDI NARY I TEMS                                                                     $45, 762         $13, 110

NET I NCOME BEFORE EXTRAORDI NARY I TEMS                                                    $32, 033           $8, 568

I NTEREST EXPENSE                                                                           $12, 890           $9, 682

QUI CK ASSETS                                                                               $28, 342         $31, 500

								
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