- Led tested product-making efforts and
developed a questionnaire for several
consumer tests.- Designed new feminine protection pad
product prototype for consumer test in
focus group.
- Designed new feminine protection pad
436 ENTREPRENEURSHIP CASEAssets
Cash and short-term
investments
Accounts receivable
(25% of sales)
Total inventory (2% of
sales)
Prepaid expenses
Total current assetsMachinery and equipment
Less: Accumulated
depreciation expense
Net property/equipmentDeferred income tax
Long-term investments
Deposits
Other long-term assets
Total assetsLiabilities
Accounts payable
(25% of expenses)
Accrued expenses
Capital leases
Total current liabilitiesLong-term debt
Other long-term debt
Total debtOther liabilitiesTotal liabilitiesEquity
Owner’s equity
(common)
Paid-in capital
(Venture Capitalist)
Preferred equity
Retained earnings
Total equityTotal liabilities and equityInitial
Balance$6,000$6,00000
0
0
0
$6,000$ 0
0
0
$ 00
0
$ 00$ 0$1,0005,000
0
0
$6,000$6,000Year 1$7,97025020
0
$8,240755
700
0
0
0
$8,310$ 895
0
0
$ 8954,000
0
$4,8950$4,895$1,0005,000
0
(2,585)
$3,415$8,310Year 2$4,6512,065165
0
$6,88182555
7700
0
0
0
$7,651$2,338
0
0
$2,3384,000
0
$6,3380$6,338$1,0005,000
0
(4,687)
$1,313$7,651Year 3$ 7,5796,875550
0
$15,0042,134142
1,9920
0
0
0
$16,996$ 4,417
0
0
$ 4,4174,000
0
$ 8,4170$ 8,417$ 1,0005,000
0
2,578
$8,578$16,996Year 4$17,38215,8231,266
0
$34,4704,754317
4,4370
0
0
0
$38,907$ 9,465
0
0
$ 9,4654,000
0
$13,4650$13,465$1,0005,000
0
19,442
$25,442$38,907Year 5$34,40229,0192,321
0
$65,7429,690646
9,0440
0
0
0
$74,786$17,146
0
0
$17,1460
0
$17,1460$17,146$1,0005,000
0
51,640
$57,640$74,786EXHIBIT 8 Pro Forma Balance Sheet for MedTrack (U.S. $000s)