2020 Ace Retail Financial Report

Format Analysis

Conveni ence Hardware Stores

Rural Conv

Suburban

Suburban

Urban

Fringe

Conv

Conv

Hardware

Conv

Hardware

Hardware

Sample Size

49

38

35

Insufficient

Typical Sales Volume ($)

1,698,467

1,771,617

2,034,051

Sample

Income Statement (% of sales)

Net Sales

100.0

100.0

100.0

Cost Of Goods Sold

63.6 36.4

60.9 39.1

58.1 41.9

Gross Margin Before Patronage Dividend

Patronage Dividend

0.9

1.7

1.4

Gross Margin

37.3

40.8

43.3

Payroll Expenses Owners/Officers Salaries & Bonuses All Other Employee Wages & Bonuses Total Salaries, Wages & Bonuses Payroll Taxes (FICA, Workers’ Comp. & Unemp.) Group Insurance (Hospital, Medical, Life) Benefit Plans (Pension, Profit Sharing, etc.)

3.1

4.6

5.1

13.5 16.6

11.7 16.3

14.1 19.2

1.3 0.5 0.2

1.4 0.8 0.2

1.9 0.6 0.3

Total Payroll Expenses

18.6

18.7

22.0

Occupancy Expenses Utilities (Heat, Light, Power, Water) Building Repairs & Maintenance Rent Or Ownership In Real Estate*

0.9 0.3 1.7 2.9 1.0 0.4 1.0 0.2 0.1 0.5 0.0 6.7 9.9

0.7 0.3 3.3 4.3 1.4 0.3 0.9 0.3 0.3 0.6 0.0 6.3

0.9 0.3 4.0 5.2 1.7 0.4 0.6 0.1 0.1 0.3 0.0 8.0

Total Occupancy Expenses Other Operating Expenses Advertising & Promotion

Telephone

Insurance (Business Liability & Casualty)

Interest Expense

Taxes (Personal Property, Use, Licenses, Permits)

Depreciation

Bad Debt Losses

All Other Operating Expenses Total Other Operating Expenses

10.1 33.1

11.3 38.5

Total Operating Expenses

31.4

Operating Profit

5.9 1.2 7.1

7.7 1.6 9.3

4.8 0.9 5.7

Other Income/Expenses

Profit Before Taxes

Balance Sheet (% of assets)

Assets Cash & Marketable Securities

21.7

15.0

20.1

Accounts Receivable

6.5

3.8

3.8

Inventory

49.8

51.1

51.1

Other Current Assets Total Current Assets

3.7

2.9

2.3

81.7 18.3

72.8 27.2

77.4 22.6

Fixed & Noncurrent Assets

Total Assets

100.0

100.0

100.0

Liabilities & Net Worth Accounts Payable

8.4 0.0

7.9 0.0 4.3

9.9 0.0 8.6

Notes Payable

Other Current Liabilities Total Current Liabilities Long Term Liabilities Loans From Stockholders Net Worth Or Owner Equity Total Liabilities & Net Worth

11.4 19.8 12.5

12.2 12.3

18.5 12.4

0.0

0.0

0.0

67.7

75.4

69.1

100.0

100.0

100.0

Owners' Return (%)

Owners' Discretionary Profit Margin Owners' Discretionary Return On Assets Owners' Discretionary Return On Net Worth

10.2 25.0 44.8

13.9 26.5 36.2

10.8 33.6 45.5

*includes rent, mortgage interest, building depreciation, real estate insurance and real estate taxes

17

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