2: Formulas Ref . Formula |2. 1 365 days / Inventory turnover 16. 1 Annual dividend per share . Earnings per share* |C. ) Annual dividend per share , Market price per share i'd . ) | Cash + Short - term investments + Net current receivables ! ' Total current liabilities 10 . 1 Cost of goods sold ! Average merchandise inventory It. ! Current assets - Current liabilities 10 . 1 Gross profit / Net sales revenue in. ] Market price per share of common stock; ! Earnings per share |1. 1 Net credit sales ! Average net accounts receivables III I Net income* Income tax Expense + Interest expense ! ' Interest expense* IK. ] Net income / Net sales |1. 1 ( Net income* Interest expense ! ' Average total assets I'm . ) ( Net income - Preferred dividends ! ' Average common stockholders equity in . ) ( Net income - Preferred dividends ! !' Weighted average - number of common shares outstanding 10. 1 Total current assets / Total current liabilities IF. ! Total liabilities !' Total assets 19.1 Total liabilities !' Total equity