ࡱ> !` bjbj\\ .>>(0z0z0z0z|zl(9$}Hl~l~l~l~l~l~l~$Ghtލl~l~l~l~l~ލl~l~~~~l~ l~l~~l~~~~l~} "S0zv~ ~~ 09~#~#~~#~Pl~l~~l~l~l~l~l~ލލ~l~l~l~9l~l~l~l~(((;,?;(((,?((( Ratios for Financial Statement Analysis Liquidity Analysis Ratios INCLUDEPICTURE "http://cpaclass.com/fsa/yd-01.gif" \* MERGEFORMATINET Current Ratio Current AssetsCurrent Ratio =------------------------Current Liabilities  INCLUDEPICTURE "http://cpaclass.com/fsa/yd-01.gif" \* MERGEFORMATINET Quick Ratio Quick AssetsQuick Ratio =----------------------Current Liabilities Quick Assets = Current Assets - Inventories  INCLUDEPICTURE "http://cpaclass.com/fsa/yd-01.gif" \* MERGEFORMATINET Net Working Capital Ratio Net Working CapitalNet Working Capital Ratio =--------------------------Total Assets Net Working Capital = Current Assets - Current Liabilities Profitability Analysis Ratios INCLUDEPICTURE "http://cpaclass.com/fsa/yd-01.gif" \* MERGEFORMATINET Return on Assets (ROA) Net Income Return on Assets (ROA) =----------------------------------Average Total Assets  Average Total Assets = (Beginning Total Assets + Ending Total Assets) / 2  INCLUDEPICTURE "http://cpaclass.com/fsa/yd-01.gif" \* MERGEFORMATINET Return on Equity (ROE)  Net Income Return on Equity (ROE) =--------------------------------------------Average Stockholders' Equity  Average Stockholders' Equity = (Beginning Stockholders' Equity + Ending Stockholders' Equity) / 2  INCLUDEPICTURE "http://cpaclass.com/fsa/yd-01.gif" \* MERGEFORMATINET Return on Common Equity (ROCE)  Net Income Return on Common Equity (ROCE) =--------------------------------------------Average Common Stockholders' Equity  Average Common Stockholders' Equity = (Beginning Common Stockholders' Equity + Ending Common Stockholders' Equity) / 2  INCLUDEPICTURE "http://cpaclass.com/fsa/yd-01.gif" \* MERGEFORMATINET Profit Margin  Net Income Profit Margin =-----------------Sales    INCLUDEPICTURE "http://cpaclass.com/fsa/yd-01.gif" \* MERGEFORMATINET Earnings Per Share (EPS)  Net Income Earnings Per Share (EPS) =---------------------------------------------Number of Common Shares Outstanding  Activity Analysis Ratios INCLUDEPICTURE "http://cpaclass.com/fsa/yd-01.gif" \* MERGEFORMATINET Assets Turnover Ratio Sales Assets Turnover Ratio =----------------------------Average Total Assets  Average Total Assets = (Beginning Total Assets + Ending Total Assets) / 2  INCLUDEPICTURE "http://cpaclass.com/fsa/yd-01.gif" \* MERGEFORMATINET Accounts Receivable Turnover Ratio Sales Accounts Receivable Turnover Ratio =-----------------------------------Average Accounts Receivable  Average Accounts Receivable = (Beginning Accounts Receivable + Ending Accounts Receivable) / 2  INCLUDEPICTURE "http://cpaclass.com/fsa/yd-01.gif" \* MERGEFORMATINET Inventory Turnover Ratio  Cost of Goods Sold Inventory Turnover Ratio =---------------------------Average Inventories  Average Inventories = (Beginning Inventories + Ending Inventories) / 2 Capital Structure Analysis Ratios INCLUDEPICTURE "http://cpaclass.com/fsa/yd-01.gif" \* MERGEFORMATINET Debt to Equity Ratio Total Liabilities Debt to Equity Ratio =----------------------------------Total Stockholders' Equity    INCLUDEPICTURE "http://cpaclass.com/fsa/yd-01.gif" \* MERGEFORMATINET Interest Coverage Ratio Income Before Interest and Income Tax Expenses Interest Coverage Ratio =-------------------------------------------------------Interest Expense  Income Before Interest and Income Tax Expenses = Income Before Income Taxes + Interest Expense Capital Market Analysis Ratios INCLUDEPICTURE "http://cpaclass.com/fsa/yd-01.gif" \* MERGEFORMATINET Price Earnings (PE) Ratio Market Price of Common Stock Per SharePrice Earnings (PE) Ratio =------------------------------------------------------Earnings Per Share   INCLUDEPICTURE "http://cpaclass.com/fsa/yd-01.gif" \* MERGEFORMATINET Market to Book Ratio Market Price of Common Stock Per ShareMarket to Book Ratio =-------------------------------------------------------Book Value of Equity Per Common Share Book Value of Equity Per Common Share = Book Value of Equity for Common Stock / Number of Common Shares   INCLUDEPICTURE "http://cpaclass.com/fsa/yd-01.gif" \* MERGEFORMATINET Dividend Yield Annual Dividends Per Common ShareDividend Yield =------------------------------------------------Market Price of Common Stock Per Share Book Value of Equity Per Common Share = Book Value of Equity for Common Stock / Number of Common Shares   INCLUDEPICTURE "http://cpaclass.com/fsa/yd-01.gif" \* MERGEFORMATINET Dividend Payout Ratio Cash DividendsDividend Payout Ratio =--------------------Net Income  ROA = Profit Margin X Assets Turnover Ratio INCLUDEPICTURE "http://cpaclass.com/fsa/yd-01.gif" \* MERGEFORMATINET ROA = Profit Margin X Assets Turnover Ratio Net IncomeNet IncomeSalesROA =------------------------ =-------------- X------------------------Average Total AssetsSalesAverage Total Assets Profit 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