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79 - 82 <br /> <br />78 - 79 <br /> <br />77 - 78 <br />76 - 77 <br /> <br />Owner operator of Wirz Construction Co. Responsible <br />for all bidding of projects and contracting. <br /> <br />Finish carpenter for Lovering Construction Co. in <br />St. Paul, MN. <br /> <br />Carpenter for Woodale Builders in Blaine, MN. <br /> <br />Carpenter and crew chief for Borson Construction Co. <br />in Minneapolis, MN. <br /> <br />Lyle A. Wlrz, 64, is married with two children ages 32 and 30. <br />He graduated from St. Francis High School in Anoka, MN. <br /> <br />54 - pres. Owner/operator of Lyle Wirz Tree Farms, a small <br /> evergreen tree farm in Anoka, MN. Responsible for <br /> all operations. <br /> <br />57 - 87 <br /> <br />Electrician/Job Site Foreman for Killmer Electric Co. <br />in Minneapolis, MN. Job site leader. <br /> <br />We believe that the Wirz's and Mr. Joslyn have very good back- <br />ground as business owners and know, therefore, what it means to <br />have to make a payroll. With the Wirz's businsess background and <br />Mr. Joslyn's specific knowledge of the liquor industry a good <br />management and ownership team is in place. We think, therefore, <br />that they represent a good business risk. <br /> <br />IV. RATIO ANALYSIS AND BALANCE SHEET COMMENTS <br /> <br />RATIOS <br /> <br />Tangible Net Worth <br />Total Debt <br />Debt to Worth <br /> <br />RMA PROFORMA <br /> <br />4.5 <br /> <br />11'0.0 <br />298.0 <br /> 2.7 <br /> <br />This will be a cash business, <br />receivable. <br /> <br />so there will be no accounts <br /> <br />There are no seasonal aspects to the business. <br /> <br />Credit terms available from suppliers are 2% 10 days net 30. <br /> <br />Fixed Assets are carried at book value. The building is deprec- <br />iated over a period of 31.5 years, and the F&F over a 7 year <br />period. <br /> <br />There are no intangible assets nor any contingent liabilities. <br /> <br /> <br />