YOUR BUSINESS NAME	C&S Associates
BUSINESS VALUATION REPORT	Birmingham, Alabama
Stockholders' Equity & Asset Values	Valuation Date

DATA	Form 1120	FY Mon Year	Prior Year	Prior Year 2
Sales	1c	$       Your Data	$      Your Data	$      Your Data
Interest Expense	18	$       Your Data	$      Your Data	$      Your Data
Depreciation Expense	20	$       Your Data	$      Your Data	$      Your Data
Taxable Income	28	$       Your Data	$      Your Data	$      Your Data
	Sch. L
Building & Other Depreciable Assets - BODA	10a(c)	$       Your Data	n/a	n/a
Less Accum. Depreciation	10b(c)	$       Your Data	n/a	n/a
All Interest Bearing Liabilities	17, 19-21 (d)	$       Your Data	n/a	n/a
Book Value Stockholders' Equity	22b-27 (d)	$       Your Data	n/a	n/a
ADJUSTMENTS & CALCULATIONS
One Time Expenses / (Income)	From Below	$       Your Data	$      Your Data	$      Your Data
Discretionary Expenses	From Below	$       Your Data	$      Your Data	$      Your Data
Pro Forma IBIT	Wt. Avg. $Your Value	Current Weight $Your Value	Prior Yr Wt. $Your Value	Prior 2 Wt. $Your Value
Pro Forma IBIT Cash Flow	$Your Value	$Your Value	$Your Value	$Your Value
Total Capital - FY 199X		$Your Value	n/a	n/a
VALUATION METHODS	Allocation Percentages	Lower Variables Resulting Values	Pr. Rate 8.5%	Higher Variables Resulting Values
1. IBIT ROI%	Percent(1)	LV ROI % $Your Value		HV ROI % $Your Value
2. Cash Flow Justification	Percent(2)	LV Interest % $Your Value	Yrs to Repay	HV Interest % Your $Value
4. Excess Income	Percent(3)	$Your Value		$Your Value
4. Multiplier of Book	Percent(4)	LV Book X $Your Value		HV Book X $Your Value
5. Add Back of Acc. Dep.	Percent(5)	LV Add Back % $Your Value		HV Add Back % $Your Value
RECONCILIATION	100%	Allocated Lower Value	Selected Value Selected Percent	Allocated Higher Value
Allocated Total of Five Methods		$LV Avg. Value	$Select Value	$HV Avg. Value
Less - All Interest Bearing Liabilities		($From Above)	($From Above)	($From Above)
Market Value - Stockholder's Equity		$LV SE Value	$Select SE Value	$HV SE Value
Market Value - BODA & Goodwill		$LV FG Value	$Sel FG Value	$HV FG Value
Date Printed: mmm dd, yyyy
Disclaimer: The Business Valuation information presented in this online BUSINESS VALUATION Calculator is considered as introductory material only. Use of this material is at your own risk. No warranty or guaranty of any kind is made regarding the accuracy or completeness of the data and the results. No opinion is expressed by C&S Associates, Birmingham, Alabama, its partners or employees regarding the Market Values calculated from this material.
End of Printed Report
		LEGEND
		Green $Your Data	Your Input Data. From Financial Statements or Tax Returns
		Red Italic Values	Weights, Percents & Variables. Default values are provided
		Blue $Your Values	BUSINESS VALUATION Calculator Automatically Calculated Values
		Yellow Box $Select SE Value	FINAL SELECTED MARKET VALUE OF THE STOCKHOLDER'S EQUITY