- 13 -
1980 3,819 82 433 955 2.1 18.9 8.6
1981 4,502 124 556 1,058 2.8 22.3 11.7
1982 5,372 197 753 1,167 3.7 26.2 16.9
1983 5,522 25 778 1,214 .5 3.2 2.1
1984 6,234 (95) 683 1,082 (1.5) (13.9) (8.8)
1985 6,070 (92) (data not 1,085 (1.5) -- (8.5)
in evidence)
1986 7,666 35 757 1,217 .5 4.6 2.9
1987 8,884 (38) 769 1,130 (.4) (4.9) (3.4)
1988 9,760 106 1,276 2,049 1.1 8.3 5.2
1989 11,328 89 1,229 2,503 .8 7.2 3.6
1990 14,011 82 1,183 2,805 .6 6.9 2.9
1991 15,662 (59) 827 3,743 (.4) (7.1) (1.6)
1992 16,817 (217) 256 3,672 (1.3) (84.8) (5.9)
1993 18,366 (16) 251 4,490 (.1) (6.4) (.4)
1994 23,604 356 450 6,444 1.5 79.1 5.5
1995 27,409 302 1,027 7,505 1.1 29.4 4.0
1996 26,826 155 1,451 8,279 .6 10.7 1.9
1997 26,288 (233) 1,296 7,326 (.9) (18.0) (3.2)
Pursuant to the foregoing figures, the average ROS, ROE and
ROA for the audit years were as follows:
ROS .27%
ROE 7.4%
ROA .9%
Officers’ Ownership of Petitioner’s Stock
During the 1980-97 taxable years, Mr. and Mrs. Harrison,
Myron, James, and Ralph owned all of petitioner’s stock in the
following percentage amounts:
TYE June 30
1980-90 1991-94 1995-97
Mr. Harrison 28 – --
Mrs. Harrison 27 155 46
Myron 15 15 18
James 15 15 18
Ralph 15 15 18
1 The return for the taxable year ending June 30, 1991,
lists Mrs. Harrison as owning a 54-percent interest. We assume
that that entry is mistaken and that she actually owned a 55-
percent interest in petitioner.
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