2020 Ace Retail Financial Report

Format Analysis

Contractor -Or i ented Suppl y (COS)

Contractor

High

COS

COS

Oriented

Profit

Under $6

Over $6 Million

Supply

COS

Million

Sample Size

23

10

11

12

Typical Sales Volume ($)

6,447,582

4,807,031

3,581,175

8,864,912

Income Statement (% of sales)

Net Sales

100.0

100.0

100.0

100.0

Cost Of Goods Sold

71.0 29.0

68.1 31.9

70.0 30.0

71.4 28.6

Gross Margin Before Patronage Div.

Patronage Dividend

0.3

0.5

0.0

0.5

Gross Margin

29.3

32.4

30.0

29.1

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

2.9 9.8

N/A N/A 11.8

3.8 8.7

2.1 9.6

12.7

12.5

11.7

1.2 0.3 0.4

1.1 0.2 0.5

1.2 0.2 0.3

1.1 0.5 1.0

Total Payroll Expenses

14.6

13.6

14.2

14.3

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

0.3 0.4 0.8 1.5 0.3 0.2 0.7 0.0 0.1 0.6 0.2 5.8 7.9

0.3 0.4 1.7 2.4 0.2 0.2 0.6 0.0 0.2 0.5 0.3 5.2 7.2

0.6 0.7 0.8 2.1 0.5 0.2 0.7 0.0 0.1 0.5 0.3 5.5 7.8

0.3 0.4 0.8 1.5 0.2 0.2 0.7 0.2 0.1 1.1 0.1 5.0 7.7

Total Occupancy Expenses Other Operating Expenses Advertising & Promotion

Telephone

Insurance (Business Liability & Casualty)

Interest Expense

Taxes (Pers. Property, Use, Licenses, Permits)

Depreciation

Bad Debt Losses

All Other Operating Expenses Total Other Operating Expenses

Total Operating Expenses

24.0

23.2

24.1

23.5

Operating Profit

5.3 1.0 6.3

9.2 1.3

5.9 2.4 8.4

5.6 0.4 6.0

Other Income/Expenses

Profit Before Taxes

10.5

Balance Sheet (% of assets)

Assets Cash & Marketable Securities

19.5 16.0 42.6

30.9 14.9 47.3

28.1 12.2 46.1

16.1 18.9 41.2

Accounts Receivable

Inventory

Other Current Assets Total Current Assets

3.3

0.5

1.6

3.1

81.4 18.6

93.6

88.0 12.0

79.3 20.7

Fixed & Noncurrent Assets

6.4

Total Assets

100.0

100.0

100.0

100.0

Liabilities & Net Worth Accounts Payable

9.4 0.0 5.1

8.5 0.0 4.2

4.0 0.0 3.7 7.6 5.3 0.0

12.4

Notes Payable

3.1 5.9

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

14.5

12.7

21.4

5.0 0.0

3.4 0.0

2.9 0.0

80.5

83.9

87.1

75.7

100.0

100.0

100.0

100.0

Owners' Return (%)

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

9.2

13.2 N/A N/A

12.2 15.6 17.6

8.1

15.3 24.2

15.1 26.4

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

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