Table 15 Normalization of Income (2002‐2006) 4.8.2 Detailed Financial Analysis of the Company After all of the historic financial statements have been normalized, a review of the Company’s performance statistics was conducted, as well as a comparison to industry data. The source of industry data was the 2005‐2006 RMA Annual Statement Studies based on the SIC (1711) and NAICS (238228) codes for Plumbing Contractors (refer to Table 4 SIC Code Descriptions. Peachtree Plumbings normalized assets were $3,272,650 at June 30, 2006. Sales for the year 12 The Risk Management Association. Annual Statement Studies 2005/2006. Philadelphia, PA. RMA Annual Statement Studies. Averages and medians for the data provided for the NAICS codes) were calculated.
