IntroductionThe Big Calculating Tool ™ for your annual reportCalculating financial ratios is an important part of analyzing an annual report for a public company. Using this calculating tool can help you make the task much easier.Analyzing trends is a vital aspect of interpreting the financial data in an annual report. Not only will the Big Calculating Tool crunch the numbers for you, it will also display the data with line and bar charts. You will quickly be able to see and identify the important financial trends.The financial data is arranged from left to right with the most recent financial data appearing in the leftmost column. This is consistent with how financial data is reported on the financial statements of your annual report. Trend information and charts are arranged with the most recent data appearing in the rightmost column. This is consistent with the manner in which trend data and historical charts are generally displayed.You won't waste time crunching numbers. You’ll have more time to get under the hood of your annual report and understand what is happening in your company.You'll find an individual worksheet for each calculation along with a worksheet for the balance sheet, statement of operations and statement of cash flows.Clicking on the hyperlinks in the Table of Calculations will take you right to the financial data, trend information and trend charts.Copyright DA Bittar and Associates 2012, 2013 InstructionsHow to Use the Big Calculating ToolFollow these instructions and the Big Calculating Tool will crunch all of the numbers for you.1) Enter your setup data in the yellow fields.Enter your Company's official name here:XYZ Company Inc.Current YearPrevious YearNext Previous YearEnter the fiscal years for the SEC Forms 10K here:201420132011201420132011Enter the price per share of common stock here:$58.000$58.000$58.0002) How to enter your Company's financial data into The Big CalculatorBalance SheetSubstitute the values in the spreadsheet for the values from your Company's Balance Sheet. You may also change the account descriptions to match those used by your Company.Statement of OperationsSubstitute the values in the spreadsheet for the values from your Company's Statement of Operations. You may also change the account descriptions to match those used by your Company.Statement of Cash FlowsSubstitute the values in the spreadsheet for the values from your Company's Statement of Cash Flows. You may also change the account descriptions to match those used by your Company. Table of CalculationsTable of Calculations(Click on the 'Go Arrow' Buttons below to view the calculations)Question 4.7 – First look at the company’s strengthQuestion 4.10 - Debt to equity and the competitionQuestion 4.15 - The big questions. Are they makin' money? Are they lookin' good?Question 4.17 - How strong is your company's cash position?Question 4.18 - How well can your company pay its bills?Question 4.19 - How leveraged is your comp ...

1. IntroductionThe Big Calculating Tool ™ for your annual
reportCalculating financial ratios is an important part of
analyzing an annual report for a public company. Using this
calculating tool can help you make the task much
easier.Analyzing trends is a vital aspect of interpreting the
financial data in an annual report. Not only will the Big
Calculating Tool crunch the numbers for you, it will also
display the data with line and bar charts. You will quickly be
able to see and identify the important financial trends.The
financial data is arranged from left to right with the most recent
financial data appearing in the leftmost column. This is
consistent with how financial data is reported on the financial
statements of your annual report. Trend information and charts
are arranged with the most recent data appearing in the
rightmost column. This is consistent with the manner in which
trend data and historical charts are generally displayed.You
won't waste time crunching numbers. You’ll have more time to
get under the hood of your annual report and understand what is
happening in your company.You'll find an individual worksheet
for each calculation along with a worksheet for the balance
sheet, statement of operations and statement of cash
flows.Clicking on the hyperlinks in the Table of Calculations
will take you right to the financial data, trend information and
trend charts.Copyright DA Bittar and Associates 2012, 2013
InstructionsHow to Use the Big Calculating ToolFollow these
instructions and the Big Calculating Tool will crunch all of the
numbers for you.1) Enter your setup data in the yellow
fields.Enter your Company's official name here:XYZ Company
Inc.Current YearPrevious YearNext Previous YearEnter the
fiscal years for the SEC Forms 10K
here:201420132011201420132011Enter the price per share of
common stock here:$58.000$58.000$58.0002) How to enter
your Company's financial data into The Big CalculatorBalance
SheetSubstitute the values in the spreadsheet for the values

2. from your Company's Balance Sheet. You may also change the
account descriptions to match those used by your
Company.Statement of OperationsSubstitute the values in the
spreadsheet for the values from your Company's Statement of
Operations. You may also change the account descriptions to
match those used by your Company.Statement of Cash
FlowsSubstitute the values in the spreadsheet for the values
from your Company's Statement of Cash Flows. You may also
change the account descriptions to match those used by your
Company.
Table of CalculationsTable of Calculations(Click on the 'Go
Arrow' Buttons below to view the calculations)Question 4.7 –
First look at the company’s strengthQuestion 4.10 - Debt to
equity and the competitionQuestion 4.15 - The big questions.
Are they makin' money? Are they lookin' good?Question 4.17 -
How strong is your company's cash position?Question 4.18 -
How well can your company pay its bills?Question 4.19 - How
leveraged is your company?Question 4.20 - How well does your
company invest in its future?Question 4.21 - Capital and
Treasury StockQuestion 5.1 - Working Capital
BalanceQuestion 5.2 - Acid Test or Quick RatioQuestion 5.3 -
Current RatioQuestion 5.4 - Cash RatioQuestion 5.5 - Return
on Sales RatioQuestion 5.6 - Return on Equity RatioQuestion
5.7 - Return on Assets RatioQuestion 5.8 - Asset Turnover
RatioQuestion 5.9 - Gross Profit Margin RatioQuestion 5.10 -
Inventory Turnover RatioQuestion 5.11 - Days in Inventory
RatioQuestion 5.12 - Accounts Receivable Turnover
RatioQuestion 5.13 - Average Collection PeriodQuestion 5.14 -
Accounts Payable Turnover RatioQuestion 5.15 - Net Working
Capital Turnover RatioQuestion 5.16 - Debt to Equity
RatioQuestion 5.17 - Debt to Asset RatioQuestion 5.18 -
Gearing Ratio or Long Term Debt to Shareholders' Equity
RatioQuestion 5.19 - Interest Coverage Ratio or Debt Service
RatioQuestion 5.20 -Earnings per ShareQuestion 5.21 -
Price/Earnings RatioQuestion 5.22 -Dividend per ShareQuestion
5.23 - Dividend Payout Ratio

3. Balance SheetXYZ Company Inc.Balance Sheet(enter in
thousands)201420132011AssetsCurrent
assets:Cash30,83630,83630,836Short term
investments45,90345,90345,903Accounts
receivable98,69798,69798,697Inventories11,77611,77611,776D
eferred tax assets93,66393,66393,663Pre-paid
expensesOtherTotal current
assets$280,875$280,875$280,875Other assetsLong term
marketable securities3,694,0643,694,0643,694,064Property,
plant and equipment,
net52,98052,98052,980Goodwill31,72131,72131,721Acquired
intangible assets,
net32,79832,79832,798Other109,553109,553109,553Other154,1
36154,136154,136Other109,934109,934109,934Total other
assets$4,185,186$4,185,186$4,185,186Total
assets$4,466,061$4,466,061$4,466,061Liabilities and owner's
equityCurrent liabilities:Accounts
payable47,65447,65447,654Accrued
expenses54,13454,13454,134Accrued
taxes183,634183,634183,634Deferred
revenue327,808327,808327,808Other7,7207,7207,720Total
current liabilities$620,950$620,950$620,950Non current
liabilities:Deferred revenue - non
current2,350,9712,350,9712,350,971Long term
debt65,00065,00065,000Other72,48572,48572,485Other161,185
161,185161,185Other112,736112,736112,736Other42,52642,52
642,526Total non-current
liabilities$2,804,903$2,804,903$2,804,903Total
Liabilities$3,425,853$3,425,853$3,425,853Shareholder's
equity:Common stock, no par value1,2541,2541,254Treasury
stock1,970,8201,970,8201,970,820Additional paid in
capital(46,800)(46,800)(46,800)Retained
earnings(884,051)(884,051)(884,051)Accumulated other
income(1,015)(1,015)(1,015)OtherTotal owner's
equity$1,040,208$1,040,208$1,040,208Total liabilities and
owner's

4. equity$4,466,061$4,466,061$4,466,061BalancedBalancedBalanc
ed- 0- 0- 0Equity per share$0.01$0.01$0.01Number of Shares
(in thousands)Number of Shares Common
Stock125,527,846125,527,846125,527,846Number of Shares
Preferred Stock1,252,6621,252,6621,252,662Number of Shares
Treasury Stock1,970,8201,970,8201,970,820
Stmt of OperationsXYZ Company Inc.Consolidated Statement
of Operations(enter in thousands)201420132011RevenueNet
sales2,291,7572,291,7572,291,757Other net
revenue13,59513,59513,595Other net
revenue152,566152,566152,566Net
revenue$2,457,918$2,457,918$2,457,918Cost of Goods
Sold$1,000$1,000$1,000Gross
Profit$2,456,918$2,456,918$2,456,918Operating
ExpensesResearch and
development1,508,5711,508,5711,508,571Selling, general and
administrative148,327148,327148,327Other274,858274,858274,
858Other268,506268,506268,506Other16,89216,89216,892Othe
r(1,982)(1,982)(1,982)Other152,566152,566152,566Other000To
tal Operating Expenses$2,367,738$2,367,738$2,367,738Income
From Operations$89,180$89,180$89,180Non Operating
IncomeItem 1565656Item 2(18,863)(18,863)(18,863)Item
31,4321,4321,432Total Non-Operation
Income($17,375)($17,375)($17,375)Interest expense and
incomeInterest expense($124,873)($124,873)($124,873)Interest
Income$3,538$3,538$3,538otherotherTotal interest expense and
income$ (121,335)$ (121,335)$ (121,335)Income Before
Income Taxes($49,530)($49,530)($49,530)Provision for income
tax$2,340$2,340$2,340Net Income
(Loss)($51,870)($51,870)($51,870)Earnings Per Share:
Basic$28.26$28.26$28.26Dividends per Share:
Basic$12.50$12.50$12.50
Stmt of Cash FlowsXYZ Company Inc.Statement of Cash
Flows(Enter in thousands)201420132011Cash balance at the
beginning of the period$81,827$81,827$81,827Cash flows from
operating activitiesNet

5. income(68,175)(68,175)(68,175)Adjustments to reconcile net
income to cash generated by operating activities:Depreciation,
amortization and accretion281,933281,933281,933Share-based
compensation expense19,85619,85619,856Deferred income tax
expense943943943Changes in operating assets and
liabilities:Accounts receivable,
net(5,367)(5,367)(5,367)InventoriesVendor non-trade
receivablesOther current and non-current assetsAccounts
payable13,72113,72113,721Other current and non-current
liabilities(4,148)(4,148)(4,148)Other29,66429,66429,664OtherC
ash generated by operating
activities$268,427$268,427$268,427Cash flows from investing
activitiesPurchases of marketable
securities56,17656,17656,176Proceeds from maturities of
marketable securities30,81730,81730,817Proceeds from sales of
marketable securities(160,131)(160,131)(160,131)Payments
made in connection with business acquisitions, net of cash
acquired(32,724)(32,724)(32,724)Payments for acquisition of
property, plant and equipment1,4311,4311,431Payments for
acquisition of intangible
assets(88,682)(88,682)(88,682)Other(10,786)(10,786)(10,786)C
ash used in investing
activities($203,899)($203,899)($203,899)Cash flows from
financing activitiesProceeds from issuance of common
stock482,669482,669482,669Excess tax benefits from equity
awards308,212308,212308,212Taxes paid related to net share
settlement of equity awards45,06645,06645,066Cash paid for
dividends(77,007)(77,007)(77,007)Other(874,459)(874,459)(874
,459)Cash generated by financing
activities($115,519)($115,519)($115,519)Other change in cash
or cash equivalentsIncrease/(decrease) in cash and cash
equivalents($50,991)($50,991)($50,991)Cash balance at the end
of the period$30,836$30,836$30,836
Q 4.7Question 4.7 – First look at the company’s strengthTrend
Analysis201120132014% Change 2013 to 2014Return to Table
of CalculationsCash$30,836$30,836$30,8360.00%Accounts

6. receivable$98,697$98,697$98,6970.00%Inventories$11,776$11,
776$11,7760.00%Property, plant and equipment,
net$52,980$52,980$52,9800.00%Accounts
payable$47,654$47,654$47,6540.00%Accrued
expenses$54,134$54,134$54,1340.00%Accrued
taxes$183,634$183,634$183,6340.00%Long term
debt$65,000$65,000$65,0000.00%Number of Shares Common
Stock125,527,846125,527,846125,527,8460.00%Number of
Shares Treasury
Stock1,970,8201,970,8201,970,8200.00%Financial
Data201420132011Cash$30,836$30,836$30,836Accounts
receivable$98,697$98,697$98,697Inventories$11,776$11,776$1
1,776Property, plant and equipment,
net$52,980$52,980$52,980Accounts
payable$47,654$47,654$47,654Accrued
expenses$54,134$54,134$54,134Accrued
taxes$183,634$183,634$183,634Long term
debt$65,000$65,000$65,000Number of Shares Common
Stock125,527,846125,527,846125,527,846Number of Shares
Treasury Stock1,970,8201,970,8201,970,820
Q 4.7
2011
2013
2014
Balance Sheet Strength Trend
Q 4.10
Number of Shares Common Stock
Number of Shares Treasury Stock
Equities Trend
Q 4.15Question 4.10 - Debt to equity and the competitionTrend
Analysis201120132014Return to Table of CalculationsDebt to
Equity Ratio0.0620.0620.062Financial Data201420132011Long
term debt65,00065,00065,000Total owner's
equity1,040,2081,040,2081,040,208Debt to Equity
Ratio0.0620.0620.062Debt to Equity Ratio = Long term debt ÷
Total owner's equity

7. Q 4.15
Debt to Equity Ratio
Debt to Equity Ratio Trend
Q 4.174.15 - The big questions. Are they makin' money? Are
they lookin' good?Trend Analysis201120132014Return to Table
of CalculationsNet revenue2,457,9182,457,9182,457,918Cost of
Goods Sold1,0001,0001,000Gross
Profit2,456,9182,456,9182,456,918Total Operating
Expenses2,367,7382,367,7382,367,738Income From
Operations89,18089,18089,180Total Non-Operation
Income(17,375)(17,375)(17,375)Provision for income
tax2,3402,3402,340Net Income
(Loss)(51,870)(51,870)(51,870)Financial Data201420132011Net
revenue2,457,9182,457,9182,457,918Cost of Goods
Sold1,0001,0001,000Gross
Profit2,456,9182,456,9182,456,918Total Operating
Expenses2,367,7382,367,7382,367,738Income From
Operations89,18089,18089,180Total Non-Operation
Income(17,375)(17,375)(17,375)Provision for income
tax2,3402,3402,340Net Income (Loss)(51,870)(51,870)(51,870)
Q 4.17
2011
2013
2014
Operating Statement Trend
Q 4.18Question 4.17 - How strong is your company's cash
position?Trend Analysis201120132014Return to Table of
CalculationsCash generated by operating
activities$268,427$268,427$268,427Cash used in investing
activities($203,899)($203,899)($203,899)Cash generated by
financing
activities($115,519)($115,519)($115,519)Increase/(decrease) in
cash and cash equivalents($50,991)($50,991)($50,991)Cash
balance at the beginning of the
period$81,827$81,827$81,827Cash balance at the end of the
period$30,836$30,836$30,836Financial Data201420132011Cash

8. generated by operating
activities$268,427$268,427$268,427Cash used in investing
activities($203,899)($203,899)($203,899)Cash generated by
financing
activities($115,519)($115,519)($115,519)Increase/(decrease) in
cash and cash equivalents($50,991)($50,991)($50,991)Cash
balance at the beginning of the
period$81,827$81,827$81,827Cash balance at the end of the
period$30,836$30,836$30,836
Q 4.18
2011
2013
2014
Cash Position Trend
Q 4.19Question 4.18 - How well can your company pay its
billsTrend Analysis201120132014Return to Table of
CalculationsOperating Cash Flow
Ratio0.4320.4320.432Financial Data201420132011Cash
generated by operating activities268,427268,427268,427Total
current liabilities620,950620,950620,950Operating Cash Flow
Ratio0.4320.4320.432Operating Cash Flow Ratio = Cash
generated by operating activities ÷ Total current liabilities
Q 4.19
Operating Cash Flow Ratio
Operating Cash Flow Ratio Trend
Q 4.20Question 4.19 - How leveraged is your company?Trend
Analysis201120132014Return to Table of CalculationsCash
Interest Coverage Ratio(2.212)(2.212)(2.212)Financial
Data201420132011Cash generated by operating
activities268,427268,427268,427Total interest expense and
income(121,335)(121,335)(121,335)Cash Interest Coverage
Ratio(2.212)(2.212)(2.212)Cash Interest Coverage Ratio = Cash
generated by operating activities ÷ Total interest expense and
income
Q 4.20
Cash Interest Coverage Ratio

9. Cash to Interest Coverage Ratio
Q 4.21Question 4.20 - How well does your company invest in
its future?Trend Analysis201120132014Return to Table of
CalculationsEarnings to Equity
Ratio3410.2963410.2963410.296Financial
Data201420132011Earnings Per Share:
Basic$28.26$28.26$28.26Equity per
share$0.01$0.01$0.01Earnings to Equity
Ratio3410.2963410.2963410.296Earnings to Equity Ratio =
Earnings Per Share: Basic ÷ Equity per share
Q 4.21
Earnings to Equity Ratio
Earnings to Equity Ratio
Q 5.1Question 4.21 - Capital and Treasury StockTrend
Analysis(in thousands)Return to Table of
Calculations201120132014Number of Shares Common
Stock125,527,846125,527,846125,527,846Number of Shares
Preferred Stock1,252,6621,252,6621,252,662Number of Shares
Treasury Stock1,970,8201,970,8201,970,820Financial
Data201420132011Number of Shares Common
Stock125,527,846125,527,846125,527,846Number of Shares
Preferred Stock1,252,6621,252,6621,252,662Number of Shares
Treasury Stock1,970,8201,970,8201,970,820
Q 5.1
Number of Shares Common Stock
Number of Shares Preferred Stock
Number of Shares Treasury Stock
Equities Trend
Q 5.2Question 5.1 - Working Capital BalanceTrend
Analysis201120132014Return to Table of CalculationsWorking
Capital Balance(340,075)(340,075)(340,075)Financial
Data201420132011Total current
assets280,875280,875280,875Total current
liabilities620,950620,950620,950Working Capital
Balance(340,075)(340,075)(340,075)Working Capital Balance
= Total current assets - Total current liabilities

10. Q 5.2
Working Capital Balance
Working Capital Balance
Q 5.3Question 5.2 - Acid Test or Quick RatioTrend
Analysis201120132014Return to Table of CalculationsAcid Test
Ratio0.2830.2830.283Financial
Data201420132011Cash30,83630,83630,836Accounts
receivable98,69798,69798,697Short term
investments45,90345,90345,903Total175,436175,436175,436To
tal current liabilities620,950620,950620,950Acid Test
Ratio0.2830.2830.283Acid Test Ratio = (Cash + Accounts
receivable + Short term investments) ÷ Total current liabilities
Q 5.3
Acid Test Ratio
Acid Test Ratio Trend
Q 5.4Question 5.3 - Current RatioTrend
Analysis201120132014Return to Table of CalculationsCurrent
Ratio0.4520.4520.452Financial Data201420132011Total current
assets280,875280,875280,875Total current
liabilities620,950620,950620,950Current
Ratio0.4520.4520.452Current Ratio = Total current assets ÷
Total current liabilities÷
Q 5.4
Current Ratio
Current Ratio Trend
Q 5.5Question 5.4 - Cash RatioTrend
Analysis201120132014Return to Table of CalculationsCash
Ratio0.050.050.05Financial
Data201420132011Cash30,83630,83630,836Total current
liabilities620,950620,950620,950Cash Ratio0.050.050.05Cash
Ratio = Cash ÷ Total current liabilities÷
Q 5.5
Cash Ratio
Cash Ratio Trend
Q 5.6Question 5.5 - Return on Sales RatioTrend
Analysis201120132014Return to Table of CalculationsReturn on

11. Sales Ratio(0.023)(0.023)(0.023)Financial
Data201420132011Net Income
(Loss)(51,870)(51,870)(51,870)Net
sales2,291,7572,291,7572,291,757Return on Sales
Ratio(0.023)(0.023)(0.023)Return on Sales Ratio = Net Income
(Loss) ÷ Net sales÷
Q 5.6
Return on Sales Ratio
Return on Sales Ratio Trend
Q 5.7Question 5.6 - Return on Equity RatioTrend
Analysis201120132014Return to Table of CalculationsReturn on
Equity Ratio(0.05)(0.05)(0.05)Financial Data201420132011Net
Income (Loss)(51,870)(51,870)(51,870)Total owner's
equity1,040,2081,040,2081,040,208Return on Equity
Ratio(0.05)(0.05)(0.05)Return on Equity Ratio = Net Income
(Loss) ÷ Total owner's equity÷
Q 5.7
Return on Equity Ratio
Return on Equity Ratio Trend
Q 5.8Question 5.7 - Return on Assets RatioTrend
Analysis201120132014Return to Table of CalculationsReturn on
Assets Ratio(0.012)(0.012)(0.012)Financial
Data201420132011Net Income
(Loss)(51,870)(51,870)(51,870)Total
assets4,466,0614,466,0614,466,061Return on Assets
Ratio(0.012)(0.012)(0.012)Return on Assets Ratio = Net Income
(Loss) ÷ Total assets÷
Q 5.8
Return on Assets Ratio
Return on Assets Ratio Trend
Q 5.9Question 5.8 - Asset Turnover RatioTrend
Analysis201120132014Return to Table of CalculationsAsset
Turnover Ratio0.5130.5130.513Financial Data201420132011Net
sales2,291,7572,291,7572,291,757Total
assets4,466,0614,466,0614,466,061Asset Turnover
Ratio0.5130.5130.513Asset Turnover Ratio = Net sales ÷ Total

12. assets÷
Q 5.9
Asset Turnover Ratio
Asset Turnover Ratio Trend
Q 5.10Question 5.9 - Gross Profit Margin RatioTrend
Analysis201120132014Return to Table of CalculationsGross
Profit Margin Ratio1.0721.0721.072Financial
Data201420132011Gross Profit2,456,9182,456,9182,456,918Net
sales2,291,7572,291,7572,291,757Gross Profit Margin
Ratio1.0721.0721.072Gross Profit Margin Ratio = Gross Profit
÷ Net sales÷
Q 5.10
Gross Profit Margin Ratio
Gross Profit Margin Ratio Trend
Q 5.11Question 5.10 - Inventory Turnover RatioTrend
Analysis201120132014Return to Table of CalculationsInventory
Turnover Ratio0.0850.0850.085Financial
Data201420132011Cost of Goods
Sold1,0001,0001,000Inventories11,77611,77611,776Inventory
Turnover Ratio0.0850.0850.085Inventory Turnover Ratio = Cost
of Goods Sold ÷ Inventories÷
Q 5.11
Inventory Turnover Ratio
Inventory Turnover Ratio Trend
Q 5.12Question 5.11 - Days In Inventory RatioTrend
Analysis201120132014Return to Table of CalculationsDays In
Inventory Ratio4,239.364,239.364,239.36Financial
Data201420132011360360360360Inventory Turnover
Ratio0.0850.0850.085Days In Inventory
Ratio4,239.364,239.364,239.36Days In Inventory Ratio = 360 ÷
Inventory Turnover Ratio÷
Q 5.12
Days In Inventory Ratio
Days In Inventory Ratio Trend
Q 5.13Question 5.12 - Accounts Receivable Turnover
RatioTrend Analysis201120132014Return to Table of

13. CalculationsAccounts Receivable Turnover
Ratio23.2223.2223.22Financial Data201420132011Net
sales2,291,7572,291,7572,291,757Accounts
receivable98,69798,69798,697Accounts Receivable Turnover
Ratio23.2223.2223.22Accounts Receivable Turnover Ratio =
Net sales ÷ Accounts receivable÷
Q 5.13
Accounts Receivable Turnover Ratio
Accounts Receivable
Turnover Ratio Trend
Q 5.14Question 5.13 - Average Collection PeriodTrend
Analysis201120132014Return to Table of CalculationsAverage
Number Days Collection Period161616Financial
Data201420132011360360360360Accounts Receivable Turnover
Ratio23.2223.2223.22Average Number Days Collection
Period161616Average Number Days Collection Period = 360 ÷
Accounts Receivable Turnover Ratio÷
Q 5.14
Average Number Days Collection Period
Average Collection Period Trend
Q 5.15Question 5.14 - Accounts Payable Turnover RatioTrend
Analysis201120132014Return to Table of CalculationsAccounts
Payable Turnover Ratio0.0210.0210.021Financial
Data201420132011Cost of Goods Sold1,0001,0001,000Accounts
payable47,65447,65447,654Accounts Payable Turnover
Ratio0.0210.0210.021Accounts Payable Turnover Ratio = Cost
of Goods Sold ÷ Accounts payable÷
Q 5.15
Accounts Payable Turnover Ratio
Accounts Payable Turnover
Ratio Trend
Q 5.16Question 5.15 - Net Working Capital Turnover
RatioTrend Analysis201120132014Return to Table of
CalculationsNet Working Capital Turnover
Ratio(6.739)(6.739)(6.739)Financial Data201420132011Total
current assets280,875280,875280,875Total current

14. liabilities620,950620,950620,950Working
Capital(340,075)(340,075)(340,075)Net
sales2,291,7572,291,7572,291,757Working
Capital(340,075)(340,075)(340,075)Net Working Capital
Turnover Ratio(6.739)(6.739)(6.739)Working Capital = Total
current assets - Total current liabilitiesNet Working Capital
Turnover Ratio = Net sales ÷ Working Capital÷
Q 5.16
Net Working Capital Turnover Ratio
Net Working Capital Turnover Ratio Trend
Q 5.17Question 5.16 - Debt to Equity RatioTrend
Analysis201120132014Return to Table of CalculationsDebt to
Equity Ratio3.2933.2933.293Financial Data201420132011Total
Liabilities3,425,8533,425,8533,425,853Total owner's
equity1,040,2081,040,2081,040,208Debt to Equity
Ratio3.2933.2933.293Debt to Equity Ratio = Total Liabilities ÷
Total owner's equity÷
Q 5.17
Debt to Equity Ratio
Debt to Equity Ratio Trend
Q 5.18Question 5.17 - Debt to Asset RatioTrend
Analysis201120132014Return to Table of CalculationsDebt to
Asset Ratio0.7670.7670.767Financial Data201420132011Total
Liabilities3,425,8533,425,8533,425,853Total
assets4,466,0614,466,0614,466,061Debt to Asset
Ratio0.7670.7670.767Debt to Asset Ratio = Total Liabilities ÷
Total assets÷
Q 5.18
Debt to Asset Ratio
Debt to Asset Ratio Trend
Q 5.19Question 5.18 - Gearing RatioTrend
Analysis201120132014Return to Table of CalculationsGearing
Ratio2.6962.6962.696Financial Data201420132011Total non-
current liabilities2,804,9032,804,9032,804,903Total owner's
equity1,040,2081,040,2081,040,208Gearing
Ratio2.6962.6962.696Gearing Ratio = Total non-current

15. liabilities ÷ Total owner's equity÷
Q 5.19
Gearing Ratio
Gearing Ratio Trend
Q 5.20Question 5.19 - Interest Coverage Ratio or Debt Service
RatioTrend Analysis201120132014Return to Table of
CalculationsInterest Coverage Ratio0.4080.4080.408Financial
Data201420132011Income Before Income
Taxes($49,530)($49,530)($49,530)Total interest expense and
income($121,335)($121,335)($121,335)Interest Coverage
Ratio0.4080.4080.408Interest Coverage Ratio = Income Before
Income Taxes ÷ Total interest expense and income÷
Q 5.20
Interest Coverage Ratio
Interest Coverage Ratio Trend
Q 5.21Question 5.20 - Earnings per ShareTrend
Analysis201120132014Return to Table of CalculationsEarnings
Per Share: Basic$28.26$28.26$28.26Financial
Data201420132011Earnings Per Share:
Basic$28.26$28.26$28.26
Q 5.21
Earnings Per Share: Basic
Earnings per Share Trend
Q 5.22Question 5.21 - Price/Earnings RatioTrend
Analysis201120132014Return to Table of
CalculationsPrice/Earnings Ratio2.0522.0522.052Financial
Data201420132011Stock Price$58.000$58.000$58.000Earnings
Per Share: Basic$28.26$28.26$28.26Price/Earnings
Ratio2.0522.0522.052Price/Earnings Ratio = Stock Price ÷
Earnings Per Share: Basic÷* Manually enter Stock Price on
Instruction Sheet
Q 5.22
Price/Earnings Ratio
Price/Earnings Ratio Trend
Q 5.23Question 5.22 - Dividend per ShareTrend
Analysis201120132014Return to Table of CalculationsDividend

16. per Share$12.50$12.50$12.50Financial
Data201420132011Dividend per
Share*$12.50$12.50$12.50*Manually enter Divdend per Share
on Instruction sheet
Q 5.23
Dividend per Share
Dividend per Share Trend
TemplateQuestion 5.23 - Dividend Payout RatioTrend
Analysis201120132014Return to Table of CalculationsDividend
Payout Ratio0.440.440.44Financial
Data201420132011Dividends per Share:
Basic$12.50$12.50$12.50Earnings Per Share:
Basic$28.26$28.26$28.26Dividend Payout
Ratio0.440.440.44Dividend Payout Ratio = Dividends per
Share: Basic ÷ Earnings Per Share: Basic÷
Template
Dividend Payout Ratio
Dividend Payout Ratio Trend
Ver ChangesTrend AnalysisNext Previous YearPrevious
YearCurrent YearFinancial DataCurrent YearPrevious YearNext
Previous Year
Version ChangesEd 3Build 311/24/12Changes to Statement of
Cash FlowsAdded three rows. 1 row for new data entry field
and 2 blank rows for spaces."Other change to cash or cash
equivelants"Value is added to the formula for
'Increase/(decrease) in cash and cash
equivalents'11/26/12Changes to Page 4.17Added percent of
change from previous year to current yearChanged trend chart
to exclude common stock and treasury stockAdded new trend
chart to show only common stock and treasury stock

17. Corporate Annual Report Project
Read Chapter 1 from eText, “Getting Under the Hood of an
Annual Report”
Select a U.S. publicly-traded company for the project from the
list provided by your instructor
You have to pick one of the following and pull the 10-K
CVS
Darden
Ford
Proctor and Gamble
This week you will begin this project. It will be completed and
handed in next week.
• Read pages 693-695 and familiarize yourself with the
"Accounting Cycle
Review Problem A"
• Complete Requirements 1, 2, and 3
• Use the template provided below to complete the work.
Template for Accounting Review Problem
Corporate Annual Report
Corporate Annual Report Project