MONARCH, INC Financial Ratio Analysis								(Fiscal Yr End December 31)
			2001		2000		1999		1998		1997
PERFORMANCE
Gross Profits/Sales			78.0%		80.3%		82.1%		83.6%		84.7%
Net Income/Sales			3.8%		7.9%		14.2%		13.5%		12.4%
OPERATING
Current ratio			1.90		1.95		2.09		2.08		1.58
EFFICIENCY
Inventory/Sales			34.4%		31.6%		29.8%		28.1%		27.9%
Inv Days-on-Hand			124		114		107		101		100