Table T-BOOT.1
La Crosse Footwear, Inc.
Balance Sheets (in $ millions)
.	1999	1998	1997
Assets	.	.	.
Cash	2	0.4	0.4
Receivables	21	23	27
Inventory	40	40	39
Other current assets	5	4	5
Total Current Assets	68	67.4	71.4
Fixed Assets	12	14	13
Intangibles	14	14.1	14
Other	4	3	3
Total Assets	98	98.5	101.4
Liabilities	.	.	.
Notes payable	10	9.5	4
Current portion of LTD	3	2.7	3.3
Trade Payable	6	3.5	6.4
Tax Payable	.	.	.
Other Current Liabilites	9	7	9.4
Total Current Liabilities	28	22.7	23.1
Long Term Debt (LTD)	10.7	9.8	12.5
Postretirement benefits	.	.	.
Deferred Taxes	.	0	.
Other	3	3.1	4.5
Equity	56	63	62
Total	97.7	98.6	102.1
Source:La Crosse Footwear, Inc.1998 Annual Report

Table T-BOOT.2
La Crosse Footwear, Inc.
Income Statements (in $ millions)
.	1999	1998	1997	1996
Sales	124	133.4	145.5	122
Cost of Goods Sold	95	98.8	104.7	88.2
Gross Profit	29	34.6	40.8	33.8
Operating Expenses	31	29	27.7	23.7
Operating Profit	-2	5.6	13.1	10.1
Interest	2	2.3	2	1.7
Other	-	-0.4	-0.6	-0.4
Profit before tax	-4	3.7	11.7	8.8
Tax	-2	1.4	4.6	3.4
Profit after tax	-2	2.3	7.1	5.4
EPS	-0.41	0.34	1.01	0.8
Dividends	-	0.13	0.13	0.11
Stock price	7.5	10	13	11
Source:La Crosse Footwear, Inc.1998 Annual Report

 

Table T-BOOT.3
La Crosse Footwear, Inc.
Normalized Balance Sheets
.	1999	1998	1997
Assets	.	.	.
Cash	2	0	0
Receivables	21	23	27
Inventory	41	41	38
Other current assets	5	4	5
Total Current Assets	69	68	70
Fixed Assets	12	14	13
Intangibles	14	14	14
Other	4	3	3
Total Assets	100	100	100
Liabilities	.	.	.
Notes payable	10	10	4
Current portion of LTD	3	3	3
Trade Payable	6	4	6
Tax Payable	0	0	0
Other Current Liabilites	9	7	9
Total Current Liabilities	29	23	23
Long Term Debt (LTD)	11	10	12
Postretirement benefits	0	0	0
Deferred Taxes	0	0	0
Other	3	3	4
Equity	57	64	61
Total	100	100	100
Source:La Crosse Footwear, Inc.1998 Annual Report

 

Table T-BOOT.4
La Crosse Footwear, Inc.
Normalized Income Statements
.	1999	1998	1997	1996
Sales	100	100	100	100
Cost of Goods Sold	77	74	72	72
Gross Profit	23	26	28	28
Operating Expenses	25	22	19	19
Operating Profit	-2	4	9	8
Interest	2	2	1	1
Other	2	2	1	1
Profit before tax	-3	3	8	7
Tax	-2	1	3	3
Profit after tax	-2	2	5	4
Source:La Crosse Footwear, Inc.1998 Annual Report

Table T-BOOT.5
La Crosse Footwear, Inc.
Ratios
.	1999	1998	1997
Current ratio	2.43	2.97	3.09
Quick ratio	0.82	1.03	1.19
Working capital (in $ millions)	40	44.7	48.3
Receivables turnover	5.9	5.8	5.39
DSO (in days)	61.86	62.93	67.72
Inventory turnover	2.38	2.47	2.68
DSI (in days)	153.36	147.77	136.19
Payables turnover	15.83	28.23	16.36
DPO (in days)	23.06	12.93	22.31
Working capital turnover	3.1	2.98	3.01
TIE	-1.00	2.43	6.55
Fixed assets/equity	0.21	0.22	0.21
Debt/equity	0.69	0.52	0.57
Pbt/equity	-0.07	0.06	0.19
Pbt/total assets	-0.04	0.04	0.12
Pat/equity	-0.04	0.04	0.11
Pat/total assets	-0.02	0.02	0.07
Sales/fixed assets	10.33	9.53	11.19
Sales/total assets	1.27	1.35	1.43
Payout	0	0.38	0.13
P/E	n/a	29	13
Source:La Crosse Footwear, Inc.1998 Annual Report

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