Integrity Technologies Ratios - Setup.inclass

Integrity Technologies Ratios - Setup.inclass - 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 2.5 1.5 for every $ or liab, how many $s of quick assets 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 12.0 turned my invtentory over 17 times that year. More turnover, so col ecting recievables quicker 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 21.39 30.0 col ect avg. recievable every 21 days Inventory Analysis: Inv. Turnover, COGS / Avg. Inv. 6 8.0 want a smal inventory. Not turning it over as quickly, not as efficient, and we have more inventory relative to how much sold than avg company in industry. Integrity Technologies, Inc.
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