Integrity Technologies, Inc. Solvency Ratios:FYE 2010FYE 2009IndustryComparative Retained Earnings Statements Current Position Analysis:For the Years Ended December 31, 2003 and 2002 Working Capital, CA - CL1,399,000 864,000 20102009Current Ratio, CA / CL3.3 3.2 2.0 Better than average ability to pay off debtRetained Earnings, January 1$964,000 $689,000 Add net income for the year503,000 435,000 Quick Ratio, Qwk A / CL2.5 1.9 1.5 Better than average ability to pay off debt quicklyTotal$1,467,000 $1,124,000 Deduct dividends:Accounts Receivable Analysis:On pereferred stock48,000 40,000 AR Turnover, Net Sales / Avg. AR17.1 15.7 12.0 good at collecting A/R & getting betterOn common stock120,000 120,000 Total$168,000 $160,000 Average Days' Sales in Receivables,Retained Earnings, December 31$1,299,000 $964,000 365 / AR Turnover21.4 23.3 30.0 much better than average at their recievables being collected in a timely wayInventory Analysis:Inv. Turnover, COGS / Avg. Inv.5.7 5.2 8.0 have better than industry ability to keep inventory smoothIntegrity Technologies, Inc. Comparative Income Statements # Days' Sales in Inventory,For the Years Ended December 31, 2003 and 2002 365 / Inv. Turnover
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