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Exhibit 1.1 Home Mart, Inc. Balance Sheet as of December 31 (In 000s) 2006 2007 2008 Assets:
Exhibit 1.1Home Mart, Inc.Balance Sheet as of December 31 (In 000s)2008Assets:713$ 1,0045,7879,447 10,213310Total Current Assets$14,862$15,722$17,314Property, Plant, and Equipment 15,102 16,755 19,4398,647Net Property, Plant, and Equipment$ 8,268$ 8,932$10,792392Total Assets$23,777$25,104$28,498Liabilities and Stockholders’ Equity:Accounts Payable$ 4,190$ 4,697$ 5,7492,100752850Total Current Liabilities$ 6,283$ 6,723$ 9,4516,750Stockholders’ Equity4809129,389 10,905Total Stockholders’ Equity$ 9,044$10,781$12,297Total Liabilities and Stockholders’ Equity$23,777$25,104$28,498Exhibit 1.2Home Mart, Inc.Income Statement for the Years Ending December 31 (In 000s)2008Net Sales$55,777$56,919$60,702Cost of Operations 46,028 47,925 50,702Gross Profit $ 9,749$ 8,994$10,0005,750Operating Profit$ 4,883$ 4,115$ 4,250966Earnings Before Taxes$ 3,943$ 3,194$ 3,2841,314Net Profit$ 2,366$ 1,916$ 1,970Exhibit 1.3Home Mart, Inc.High and Low Stock Prices of Home Mart, Inc.High Low2003$14.500$ 6.7508.5002005 27.000 13.7502006 33.500 20.6252007 30.000 21.5002008 28.500 20.250Exhibit 1.4Home Mart, Inc.Earnings(EPS) and Dividends Per Share (DPS) of Home Mart, Inc.EPS DPS2000$2.17$0.602001 2.40 0.602002 2.70 0.602003 2.90 0.602004 3.46 1.002005 3.70 1.002006 4.93 1.102007 3.99 1.102008 4.10 1.10Exhibit 1.5Select Industry Information for Retail Building Supply Industry*Comparison of Home Mart, Inc. with Publicly-Traded CompaniesAs of Early-February 2009 Market SharesAvg TradePE CapOutstandVolumeRatio0.5M47,000 -1,000 -148.5M 2,200,00018.35Home Depot0.640.98$35,980M1,700.0M21,200,00011.97Lowe’s Cos0.881.29$26,160M1,470.0M14,400,00010.74853,00015.05264,00015.54Industry Average***1.011.6114.33*Source: Google Finance (February 2009) and Professor Aswath Damodaran’s NYU-Stern datafile (January 2009)**Total Beta equals equity beta divided by correlation between stock and market. For an undiversified investor, it may be a better measure of risk than traditional equity beta. Also, it is useful for computing cost of equity for a private business with an undiversified owner.***Weighted average of industry for equity and total betas; simple arithmetic average for industry PE ratio Exhibit 1.6Home Mart, Inc.Selected Ratios for the Hardware Retailing Industry for the Following Calendar Periods2005200620072008Liquidity:1.Current Ratio 2.8 2.2 2.2 2.12.Acid Test 0.5 0.5 0.5 0.43.Current Assets/Total Assets76.7%76.4%75.4%74.6%Activity:1.Receivables Turnover20.8X18.9X19.3X21.3X2.COGS/Inventory 2.7X 2.6X 2.5X 2.6X3.Net Sales/Net Working Capital 5.7X 5.6X 5.8X 6.2X4.Net Sales/Total Assets 2.3X 2.1X 2.1X 2.1XLeverage:1.Total Debt/Total Assets59.0%58.3%58.7%60.1%2.Debt/Net Worth 1.5 1.4 1.4 1.43.EBIT/Interest 3.5 2.6 2.1 2.0Profitability:1.COGS/Net Sales67.0%66.8%66.2%66.3%2.Operating Profit/Net Sales 3.7% 4.0% 3.2% 2.5%3.Profit Before Taxes/Net Sales 3.3% 3.4% 2.4% 1.6%4.Profit Before Taxes/Total Assets 7.5% 6.0% 4.9% 3.7%5.Profit Before Taxes/Net Worth19.8%15.7%13.1% 9.1%1.Determine the book value per share for 2006
