| Setup |
| Assumptions |
| Business Profile |
| Ownership |
| Ownership Chart |
| Report Writer Data |
| Federal Tax Table |
| Financial Statements |
| Assumptions |
| Historic |
| Historic Balance Sheets |
| Historic Income Statements |
| Adjustments |
| Balance Sheets |
| Income Statements |
| Sales Cycle |
| Adjusted |
| Adjusted Balance Sheets |
| Adjusted Income Statements |
| Working Trial Balance |
| Balance Sheets |
| Income Statements |
| Summary |
| Historic Summary Balance Sheets |
| Adjusted Summary Balance Sheets |
| Historic Summary Income Statements |
| Adjusted Summary Income Statements |
| Summary Cash Flow Statements |
| Net Income to Adjusted Income Reconciliation |
| Financial Analysis |
| Assumptions |
| Common Size Financial Statements |
| Historic Balance Sheets |
| Adjusted Balance Sheets |
| Historic Income Statements |
| Adjusted Income Statements |
| Financial Statement Trends |
| Compound Annual Growth |
| Historic Balance Sheets |
| Adjusted Balance Sheets |
| Historic Income Statements |
| Adjusted Income Statements |
| Multi-Year Growth |
| Historic Income Statements |
| Adjusted Income Statements |
| Margins and Return on Equity |
| Historic Margin Analysis |
| Adjusted Margin Analysis |
| Return on Average Equity |
| Benefit Stream |
| Historic Benefit Stream Analysis |
| Historic Benefit Stream Analysis |
| Adjusted Benefit Stream Analysis |
| Adjusted Benefit Stream Analysis |
| RMA Comparison |
| Common Size Balance Sheets |
| Comparative Balance Sheets |
| Subject Company Balance Sheets |
| Subject Company Working Capital |
| RMA Balance Sheets |
| RMA Working Capital |
| Common Size Income Statements |
| Comparative Income Statements |
| Subject Company Income Statements |
| Subject Company Profit Margins |
| RMA Income Statements |
| RMA Profit Margins |
| Liquidity Ratios |
| Liquidity Ratios |
| Current Ratio |
| Quick Ratio |
| Sales to Receivables |
| Days’ Receivable |
| Inventory Turnover |
| Days’ Inventory |
| COGS to Payables |
| Days’ Payable |
| Revenue to Working Capital |
| Coverage Ratios |
| Coverage Ratios |
| Times Interest Earned |
| Net Income and Non-Cash to Current LTD |
| Fixed Assets to Tangible Worth |
| Debt to Tangible Worth |
| Debt to Equity |
| Operating Ratios |
| Operating Ratios |
| Gross Profit Margin |
| EBT to Tangible Worth |
| EBT to Total Assets |
| Fixed Asset Turnover |
| Total Asset Turnover |
| DDA to Revenue |
| Officers’ Compensation as Percent of Revenue |
| IRS Comparison |
| Common Size Balance Sheets |
| Comparative Balance Sheets |
| Subject Company Balance Sheets |
| Subject Working Capital |
| IRS Balance Sheets |
| IRS Working Capital |
| Common Size Income Statements |
| Comparative Income Statements |
| Subject Company Income Statements |
| Subject Company Profit Margins |
| IRS Income Statements |
| IRS Profit Margins |
| Liquidity Ratios |
| Liquidity Ratios |
| Current Ratio |
| Quick Ratio |
| Revenue to Accounts Receivable |
| Average Collection Period |
| Inventory Turnover |
| Days’ Inventory |
| COGS to Payables |
| Days’ Payable |
| Revenue to Working Capital |
| All Other Ratios |
| All Other Ratios |
| Times Interest Earned |
| Net Income and Non-Cash to Current LTD |
| Fixed Assets to Tangible Worth |
| Debt to Tangible Worth |
| EBT to Tangible Worth |
| EBT to Total Assets |
| Fixed Asset Turnover |
| Total Asset Turnover |
| DDA to Revenue |
| Officers’ Compensation to Revenue |
| Custom Comparison |
| Data Source |
| Common Size Balance Sheets |
| Comparative Balance Sheets |
| Subject Company Balance Sheets |
| Subject Working Capital |
| Balance Sheets |
| Working Capital |
| Common Size Income Statements |
| Comparative Income Statements |
| Subject Company Income Statements |
| Subject Company Profit Margins |
| Income Statements |
| Profit Margins |
| Liquidity Ratios |
| Liquidity Ratios |
| Current Ratio |
| Quick Ratio |
| Revenue to Accounts Receivable |
| Average Collection Period |
| Inventory Turnover |
| Days Inventory |
| COGS to Payables |
| Days Payable |
| Revenue to Working Capital |
| Coverage, Leverage, Operating and Expense Ratios |
| Coverage, Leverage, Operating and Expense Ratios |
| Times Interest Earned |
| Net Income and Non-Cash to Current LTD |
| Fixed Assets to Tangible Worth |
| Debt to Tangible Worth |
| EBT to Tangible Worth |
| EBT to Total Assets |
| Fixed Asset Turnover |
| Total Asset Turnover |
| DDA to Revenue |
| Officers’ Compensation to Revenue |
| Appraisal |
| Premiums and Discounts |
| Assumptions |
| Level of Control (Premium or Discount) |
| Marketability Discount |
| Pluris DLOM |
| Pluris DLOM Data |
| Pluris RSED |
| Pluris PEDI and DLOM |
| Assets and Liabilities Adjustments |
| Assumptions |
| Adjusted Non-Operating Assets and Liabilities |
| Excess and Non-Operating Assets |
| Built In Gains |
| Asset Approach |
| Assumptions |
| Historic Book Value |
| Indicated Value |
| Adjusted Book Value |
| Adjust to Market Value |
| Indicated Value |
| Liquidation Value |
| Adjust to Liquidation Value |
| Indicated Value |
| Income Approach |
| Adjusted Non-Cash Items |
| Long Term Sustainable Company Growth |
| Duff and Phelps |
| Assumptions |
| Duff and Phelps Risk Inputs for Cost of Capital |
| Duff and Phelps Cost of Capital |
| Duff and Phelps Industry Risk Premium |
| Company Specific Risk |
| Risk Rate Component Model |
| Assumptions |
| Competition Components |
| Financial Performance Components |
| Management Ability & Depth Components – Part I |
| Management Ability & Depth Components – Part II |
| Profitability & Stability of Earnings Components – Part I |
| Profitability & Stability of Earnings Components – Part II |
| RRCM Build Up |
| Capitalization of Earnings |
| Assumptions |
| Benefit Stream |
| Capitalization Rate |
| Indicated Value |
| Rate Sensitivity |
| Multi-Stage Growth |
| Assumptions |
| Benefit Stream |
| Projection Method |
| Projected Benefit Stream |
| Discount Rate |
| Indicated Value |
| Rate Sensitivity |
| Summary DCF |
| Assumptions |
| Inputs |
| Balance Sheets |
| Income Statements |
| Common Size Balance Sheets |
| Common Size Income Statements |
| Financial Performance |
| Benefit Stream |
| Projected Base |
| Discount Rate |
| Indicated Value |
| Rate Sensitivity |
| Detailed DCF |
| Assumptions |
| Projection Methods and Assumptions |
| Balance Sheet Methods |
| Income Statement Methods |
| Capital Expenditures |
| Long Term Debt |
| Cash Flow |
| Applied Projections |
| Balance Sheets |
| Common Size Balance Sheets |
| Income Statements |
| Common Size Income Statements |
| Financial Performance |
| Valuation |
| Benefit Stream |
| Discount Rate |
| Indicated Value |
| Rate Sensitivity |
| Capitalization of Excess Earnings |
| Assumptions |
| Benefit Stream |
| Normal Return |
| Capitalization Rate |
| Indicated Value |
| Rate Sensitivity |
| Market Approach |
| Commercial Data Sources |
| BIZCOMPS |
| Assumptions |
| Data |
| Seller’s Discretionary Earnings Base |
| Revenue Base |
| Indicated Value |
| IBA |
| Assumptions |
| Multiples |
| Seller’s Discretionary Earnings Base |
| Revenue Base |
| Indicated Value |
| Mergerstat Industry PE |
| Assumptions |
| Data |
| Earnings Base |
| Indicated Value |
| DoneDeals Comps |
| Assumptions |
| Data |
| Earnings Base |
| Revenue Base |
| Asset Base |
| Book Value Base |
| Indicated Value |
| Pratt’s Stats™ |
| Assumptions |
| Multiples |
| Net Sales Base |
| Gross Profit Base |
| EBITDA Base |
| EBIT Base |
| Discretionary Earnings Base |
| Book Value Base |
| Indicated Value |
| Other Data Sources |
| Guideline Public Company |
| Assumptions |
| Multiples |
| Revenue Base |
| Earnings Base |
| Asset Base |
| Book Value Base |
| Cash Flow Base |
| EBITDA Base |
| Indicated Value |
| Private Company |
| Assumptions |
| Multiples |
| Revenue Base |
| Earnings Base |
| Asset Base |
| Book Value Base |
| Cash Flow Base |
| Indicated Value |
| Analyst Research Data |
| Assumptions |
| Multiples |
| Fundamental Discount |
| Revenue Base |
| Earnings Base |
| Asset Base |
| Book Value Base |
| Cash Flow Base |
| EBIT Base |
| EBITDA Base |
| Indicated Value |
| Subject Company Transactions |
| Assumptions |
| Transactions and Indicated Value |
| Other Industry Multiples |
| Assumptions |
| Multiples |
| Revenue Base |
| Earnings Base |
| Book Value Base |
| Cash Flow Base |
| Gross Profit Base |
| Indicated Value |
| Conclusion of Value |
| Assumptions |
| Conclusion of Value |
| Indicated Values |
| Value of Interest Appraised |
| Sanity Checks |
| Relative Value Analysis |
| Justification of Purchase |
| Assumptions |
| Hypothetical Terms of Sale |
| Projected Post Sale Cash Flow |
| Pay Back Period |
| Internal Rate of Return |
| Custom Worksheets |
| Custom Worksheet 1 |
| Custom Worksheet 2 |
| Custom Worksheet 3 |
| Data |
| Data – IBA |
| Data – BIZCOMPS |
| Data – DoneDeals Comps |
| Business Profile – SIC |
| Pluris DLOM Data |
| Mergerstat |
| Level of Control (Premium or Discount) |
| Data – Mergerstat PE |
| SBBI |
| Capitalization Rate – Capitalization of Earnings |
| Discount Rate – Multi-Stage Growth |
| Discount Rate – Summary DCF |
| Discount Rate – Detailed DCF |
| Capitalization Rate – Capitalization of Excess Earnings |
| Duff & Phelps |
| Capitalization Rate – Capitalization of Earnings |
| Discount Rate – Multi-Stage Growth |
| Discount Rate – Summary DCF |
| Discount Rate – Detailed DCF |
| Capitalization Rate – Capitalization of Excess Earnings |
| Duff and Phelps Industry Risk Premium |
| RMA |
| Comparative Balance Sheets |
| RMA Balance Sheets |
| Comparative Income Statements |
| RMA Income Statements |
| RMA Liquidity Ratios |
| RMA Coverage and Leverage Ratios |
| RMA Operating Ratios |
| Excess and Non-Operating Assets |
| IRS |
| Comparative Balance Sheets |
| IRS Balance Sheets |
| Comparative Income Statements |
| IRS Income Statements |
| IRS Liquidity Ratios |
| IRS Coverage, Leverage, Operating and Expense Ratios |
| Excess and Non-Operating Assets |
| Report Writer Links |
| Report Writer Links |