MGMT 1A RATIOS

CURRENT RATIO

CURRENT ASSETS/CURRENT LIABILITIES

ACID TEST RATIO

(CASH+SHORT-TERM INVESTMENTS+CURRENT RECEIVABLES)/CURRENT LIABILITIES

A/R TURNOVER

NET SALES/AVERAGE ACCOUNTS RECEIVABLE, NET

INVENTORY TURNOVER

COGS/AVERAGE INVENTORY

DAYS’ SALES UNCOLLECTED

ACCOUNTS RECEIVABLE, NET/NET SALES X 365

DAYS’ SALES IN INVENTORY

ENDING INVENTORY/COGS X 365

TOTAL ASSET TURNOVER

NET SALES/AVERAGE TOTAL ASSETS

DEBT RATIO

TOTAL LIABILITIES/TOTAL ASSETS

EQUITY RATIO

TOTAL EQUITY/TOTAL ASSETS

DEBT-TO-EQUITY RATIO

TOTAL LIABILITIES/TOTAL EQUITY

TIMES INTEREST EARNED

INCOME BEFORE INTEREST EXPENSE AND INCOME TAX EXPENSE/INTEREST EXPENSE

PROFIT MARGIN RATIO

NET INCOME/NET SALES

GROSS MARGIN RATIO

(NET SALES - COGS)/NET SALES

RETURN ON TOTAL ASSETS

NET INCOME/AVERAGE TOTAL ASSETS

RETURN ON EQUITY

NET INCOME/AVERAGE TOTAL EQUITY

BASIC EARNINGS PER SHARE

(NET INCOME - PREFERRED DIVIDENDS)/WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING

PRICE EARNINGS RATIO

MARKET PRICE PER COMMON SHARE/TTM EPS

DIVIDEND YIELD

ANNUAL CASH DIVIDENDS PER SHARE/MARKET PRICE PER SHARE