Exhibit 1

Ratios

Financial Statements for Tire City, Inc.

For years ending 12/31

1993

1994

1995

INCOME STATEMENT

Net sales
Cost of sales
Gross profit
Selling, general, and
administrative expenses
Depreciation
Net interest expense
Pre-tax income
Income taxes
Net income
Dividends

$16,230
9,430
6,800

$20,355
11,898
8,457

$23,505
13,612
9,893

5,195
160
119
1,326
546
$780

6,352
180
106
1,819
822
$997

7,471
213
94
2,115
925
$1,190

$155

$200

$240

Assets

Cash
Accounts receivable
Inventories
Total current assets

$508
2,545
1,630
4,683

$609
3,095
1,838
5,542

$706
3,652
2,190
6,548

Gross plant & equipment

Accumulated depreciation
Net plant & equipment

3,232
1,335
1,897

3,795
1,515
2,280

4,163
1,728
2,435

$6,580

$7,822

$8,983

Accounts payable
Accrued expenses
Total current liabilities

$125
1,042
1,145
2,312

$125
1,325
1,432
2,882

$125
1,440
1,653
3,218

Long-term debt

1,000

875

750

Common stock

1,135

1,135

1,135

LIABILITIES

Current maturities of
long-term debt

Current ratio
quick ratio
acid ratio
interest coverage r

inventory t/o
Days receivables
Days inventory
Days payable
Asset turnover
Equity turnover
ROE
ROS
ROCE
ROA

BALANCE SHEET

Total assets

For years ending 12/3

Retained earnings
Total shareholders equity

Total liabilities

2,133

2,930

3,880

3,268

4,065

5,015

$6,580

$7,822

$8,983

1993

1994

1995

Formula

2.025519 1.92297 2.034804 current assets/current liabilities

1.320502 1.285219 1.354257 (current assets - inventories)/current liab
1.320502 1.285219 1.354257 (cash + AR) / current liab
12.14286 18.16038
23.5
EBIT/interest exp

5.79
57.24
63.09
23.43
2.47
4.97

6.47
55.5
56.39
23.76
2.6
5.01

6.22 (cogs/inventories)
56.7 AR / (net sale/365)
58.72 Inventory / (net sale/365)
22.36 Accs payable/(net sales/365)
2.62 Net sales/Tot assets\
4.69 Net sales/equity

0.24
0.09
0.34
0.13

0.25
0.095
0.39
0.14

0.24 Net income/Shareholder's equity

0.094 NI(Before interest & tax)/Sales
0.38 EBIT/(Total Assets-Current Liabilities)
0.14 (Net income +(Interestx(1-Tax rate))/Total assets