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INCOME STATEMENT
BALANCE SHEET
Liabilities
Current maturities $ 125 $ 125 $ 125
Accounts payable 1,042 1,325 1,440
Accrued expenses 1,145 1,432 1,653
Total current liabilities 2,312 2,882 3,218
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Proportion of COGS to Sales Average
58.45% 57.91% 58.16%
3
1993 1994 1995
Profitability
Return on Sales 4.81% 4.90% 5.06%
Return on Capital 18.28% 20.18% 20.64%
Return on Equity 23.87% 24.53% 23.73%
Liquidity
Current Ratio 2.03 1.92 2.03
Quick Ratio 1.32 1.29 1.35
Leverage
Assets / Equity 2.01 1.92 1.79
Debt / Total Capital 26.36% 20.24% 15.18%
Interest Coverage 12.14 18.16 23.50
Activity Ratios
Sales / Assets 2.47 2.60 2.62
Days Receivable 57.24 55.50 56.71
Days Inventory 63.09 56.39 58.72
Days Payable NA 39.95 37.64
LIABILITIES
Current Maturities Constant 125 125
Bank Debt Balancing Figure 414 1,077
Accounts Payable 7% of Sales 1,777 2,132
Accrued Expenses 7% of Sales 1,974 2,369
Total Current Liabilities 4,290 5,704
Total Depreciation
Increase in De for 1997
333 2,274
1996 1997
Profitability
Return on Sales 5.03% 4.97%
Return on Capital 22.85% 22.47%
Return on Equity 23.07% 22.43%
Liquidity
Current Ratio 1.59 1.65
Quick Ratio 1.22 1.10
Leverage
Assets / Equity 1.80 1.83
Debt / Total Capita 11.07% 7.82%
Interest Coverage 20.43 26.60
Activity Ratios
Sales / Assets 2.55 2.47
Days Receivable 56.58 56.58
Days Inventory 36.13 58.29
Days Payable 40.92 34.07