1. Current ratio = 2011 2010 2009

Current Assets

Current Liabilities _____ _____ _____

2. Quick or acid test ratio =

Current Assets - Inventory

Current Liabilities _____ _____ _____

PROFITABILITY RATIOS

1. Gross profit ratio =

Net Sales - Cost of Goods Sold

Net Sales _____ _____ _____

2. Operating margin ratio =

Income before Income Taxes and Interest

Net Sales _____ _____ _____

3. Net income ratio (or profit margin ratio) =

Net Income

Net Sales _____ _____ _____

4. Return on total assets ratio =

Net Income + Interest Expense

Total Assets _____ _____ _____

5. Return on equity ratio =

Net Income

Average Stockholders Equity _____ _____ _____

LEVERAGE RATIOS

1. Debt to assets ratio =

Total Debt

Total Assets _____ _____ _____

2. Debt to equity ratio =

Long-Term Debt

Stockholders Equity _____ _____ _____

3. Times interest earned ratio =

Income before Income Taxes and Interest

Interest Expense _____ _____ _____

ACTIVITY RATIOS

1. Inventory turnover =

Cost of Goods Sold

Average Inventory _____ _____ _____

2. Average age of inventory =

360 Days

Inventory Turnover _____ _____ _____

3. Accounts receivable turnover =

Net Sales

Average Accounts Receivable _____ _____ _____

4. Days sales in accounts receivable =

360 Days

Accounts Receivable Turnover _____ _____ _____

5. Asset turnover =

Net Sales

Total Assets _____ _____ _____