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Copy of Integrity Technologies Ratios - Setup

Copy of Integrity Technologies Ratios - Setup - Integrity...

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Integrity Technologies, Inc. Solvency Ratios: FYE 2010 FYE 2009 Industry Comparative Retained Earnings Statements Current Position Analysis: For the Years Ended December 31, 2003 and 2002 Working Capital, CA - CL 2010 2009 Current Ratio, CA / CL 2.0 Retained Earnings, January 1 $964,000 $689,000 Add net income for the year 503,000 435,000 Quick Ratio, Qwk A / CL 1.5 Total $1,467,000 $1,124,000 Deduct dividends: Accounts Receivable Analysis: On pereferred stock 48,000 40,000 AR Turnover, Net Sales / Avg. AR 12.0 On common stock 120,000 120,000 Total $168,000 $160,000 Average Days' Sales in Receivables, Retained Earnings, December 31 $1,299,000 $964,000 365 / AR Turnover 30.0 Inventory Analysis: Inv. Turnover, COGS / Avg. Inv. 8.0 Integrity Technologies, Inc. Comparative Income Statements # Days' Sales in Inventory, For the Years Ended December 31, 2003 and 2002 365 / Inv. Turnover 46.0 2010 2009 Other Solvency Ratios: Sales $6,130,000 $5,640,000 Ratio of Fixed Assets to Long-Term Debt, 3.8 Sales returns and allowances 30,000 40,000 FA (net) / LTD Net sales $6,100,000 $5,600,000 Cost of goods sold 2,800,000 2,550,000 Debt to Equity Ratio, TL / TSE 1.0 Gross profit $3,300,000 $3,050,000 Selling expenses $1,450,000 $1,440,000 Times Interest Earned, Administrative expenses 1,000,000 910,000 Pretax Inc. + Int. Exp. / Int. Exp.
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