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assess financial position of maple leaf hardware ltd: FINANCIAL RATIOS AND SELECTED INDUSTRY RATIOS Exhibit $4$

STATEMENT OF CASH FLOWS

for the year ending December $31$

$($$$000$s$)$

OPERATIONS

Net income

Adjustments to Cash Basis

Depreciation

Accounts receivable

Inventory

Accounts payable

Net cash flow from operations

FINANCING ACTIVITIES

Working capital loan

Long$-$term debt

Dividends

Net cash flow from financing activities

INVESTING ACTIVITIES

Fixed Assets

Net cash flow from investing activities

Net cash flow

Beginning cash

Ending cash

$ $46$

$18$

$(2)$

$(96)$

$46$

$ $12$

$

$$,0$

$$,0$

$$,(2)$

$$,12$

$$,10$

$ $(20)$

$ $(24)$

N

MAPLE LEAF HARDWARE LTD$.$ RATIOS

PROFITABILITY

Vertical analysis

Sales

Cost of goods sold

Gross profit

Expenses:

Wages and salaries

Rent

Property tax

Utilities

Depreciation

Advertising

Other

Total Expenses

Net earnings before tax and interest

Interest

Income tax

Net earnings after tax and interest

Return on equity

LIQUIDITY

Current ratio

Acid test

Working capital $($$$000$s$)$

${2012}_{?}$

$100\mathrm{.}0\%$

$66\mathrm{.}0\%$

$34\mathrm{.}0\%$

$25\mathrm{.}4\%$

$2\mathrm{.}22$:$1$

$0\mathrm{.}20$:$1$

$252$

${2011}_{?}$

$100\mathrm{.}0\%$

$66\mathrm{.}7\%$

$33\mathrm{.}3\%$

$\begin{array}{cc}14\mathrm{.}9\%& 14\mathrm{.}0\%\\ 9\mathrm{.}4\%& 9\mathrm{.}0\%\\ 1\mathrm{.}6\%& 1\mathrm{.}5\%\\ 1\mathrm{.}1\%& 1\mathrm{.}0\%\\ 1\mathrm{.}5\%& 1\mathrm{.}5\%\\ 1\mathrm{.}8\%& 1\mathrm{.}5\%\\ 2\mathrm{.}5\%& 7\mathrm{.}5\%\\ 32\mathrm{.}8\%& 36\mathrm{.}0\%\end{array}$

$0\mathrm{.}5\%$

$2\mathrm{.}1\%$

$0\mathrm{.}0\%$

$(\frac{1\mathrm{.}6}{\%})$

n$/$a

$2\mathrm{.}29$:$1$

$0\mathrm{.}27$:$1$

$204$

${2010}_{?}$

CANADIAN HARDWARE

STORES

INDUSTRY RATIOS ${?}^1$

${2011}_{?}$

EFFICIENCY $($Based on $365$ days, except $2010$ which is based on $\frac{1}{3}$ of a year$)$

Age of accounts receivable in days

sales

Inventory in days C$.$G$.$S$.$

Age of accounts payable in days

$15\mathrm{.}0$

C$.$G$.$S$.$

STABILITY

Net worth$/$Total assets

Interest coverage

$30\mathrm{.}5\%$

$0\mathrm{.}23$ X

$34\mathrm{.}1\%$

n$/$a

$3\mathrm{.}0\%$

$14\mathrm{.}4\%$

$2\mathrm{.}76$:$1$

$0\mathrm{.}43$:$1$

$222$

$1\mathrm{.}4$:$1$

$0\mathrm{.}3$:$1$

$98\mathrm{.}6$

GROWTH

Sales

Net earnings

Total Assets

Equity

$29\mathrm{.}1\%$

$2010-2011$

$204\mathrm{.}5\%$

$10\mathrm{.}0\%$

$--$

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