Ratio Calculations 2015 2014 2013 Formula Used (Write out formulas) Liquidity Ratios Current Ratio 0.97 0.88 0.85 Current Assests/Current Liabilites Quick Ratio 0.28 0.24 0.22 (CA - Inventories)/Current Liabilites Activity Ratios Inventory Turnover 8.09 7.98 7.97 Cost of Goods Sold / Inventories Accounts Recievables Turnover 71.65 71.33 72.83 Sales / Accounts Receivable Total Asset Turnover 2.38 2.33 2.35 Sales/Total Assets Average Collection Period 5.09 5.12 5.01 Receivables/ (sales/365) Financing Ratios Debt Ratio 0.60 0.62 0.67 Total Liabilities / Total Assests Debt Equity Ratio 1.50 1.63 2.06 Total Liabilities / Common Stockholders Equity Times Interest Earned Ratio 10.98 11.46 15.61 EBIT/Interest Expense Market Ratios Earnings per Share (EPS) $1.16 $1.15 $1.58 Net Income / Common Shares Outstanding Price Earnings (PE) 8.59 7.79 5.37 Market Price of Shares/Earning Per Share Profitability Ratios Return on Equity (ROE) 20.03% 20.80% 33.52% Net Income/Common Equity Return on Assets (ROA) 8.00% 7.90% 10.96% Net Income/Total Assets Net Profit Margin 3.36% 3.39% 4.67% Net income/Sales Operating Profit Margin 5.59% 5.64% 7.25% Operating profit (EBIT)/Sales