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Integrity Technologies Ratios - Setup.complete

Integrity Technologies Ratios - Setup.complete - 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 1,399,000 864,000 2010 2009 Current Ratio, CA / CL 3.3 3.2 2.0 Better than average ability to pay off debt Retained Earnings, January 1 $964,000 $689,000 Add net income for the year 503,000 435,000 Quick Ratio, Qwk A / CL 2.5 1.9 1.5 Better than average ability to pay off debt quickly 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 17.1 15.7 12.0 good at collecting A/R & getting better 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 21.4 23.3 30.0 much better than average at their recievables being collected in a timely way Inventory Analysis: Inv. Turnover, COGS / Avg. Inv. 5.7 5.2 8.0 have better than industry ability to keep inventory smooth Integrity 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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