First Philippine Holdings

| | | | | | Nine months ended 10/2/88 | Six months ended 7/3/88 | Three months ended 4/3/88 |

Net income | | | | 40,455 | 25,425 | 10,775 |

| Decrease (increase) in AR | | | (64,252) | (30,683) | (20,753) |

| Decrease (increase) in inventory | | (48,698) | (9,403) | 1,990 |

| Decrease (increase) in other current assets | (952) | (346) | (316) |

| Increase (decrease) in AP and ST borrowings | 85,135 | 30,995 | 2,781 |

| Increase (decrease) in accruals and other liabilities | 13,668 | (3,013) | 9,295 |

| Increase (decrease) in current portion of LT debt | (206) | (449) | (133) |

| | | | | | | | |

| Decrease (increase) in property and equipment | (11,619) | (13,363) | (6,812) |

| Decrease (increase) in other assets | | (322) | (1,427) | (453) |

| | | | | | | | |

| Increase (decrease) in LT debt | | | 826 | 937 | 618 |

| Increase (decrease) in P/S | | | (1) | (2) | 0 |

| Increase (decrease) in C/S | | | 6 | 3 | 4 |

| Increase (decrease) in APIC | | | 1,812 | 916 | 1,135 |

| Decrease (increase) in notes receivable from officers | 148 | 6 | (79) |

| Issuance (nonissuance) of dividends | | (25,425) | (10,775) | 0 |

Net increase (decrease) in cash | | | (9,425) | (11,179) | (1,948) |

| | | | | | | | |

Cash at the beginning of the period | | 35,829 | 47,008 | 48,956 |

Cash at end of period | | | | 26,404 | 35,829 | 47,008 |

1. Calculate the liquidity and efficiency ratios for MiniScribe for each quarter during 1988.

Liquidity Ratios | | | | | |

| | | 4th Quarter | 3rd Quarter | 2nd Quarter | 1st Quarter |

| Quick | Current Assets/Current Liabilities | 1.62 | 2.10 | 2.43 | 2.59 |

| Current | (Current Assets - Inventories)/Current Liabilities | 0.95 | 1.29 | 1.47 | 1.44 |

| Current Liabilities to Net Worth | Current Liabilities/Stockholders' Equity | 1.46 | 0.88 | 0.76 | 0.73 |

| Total...