Gadgets and Widgets INC Financial Ratio Sheet, 1989 BALANCE SHEET Current Assets Current Liabilities Cash 100000 Accounts Payable Accounts Receivable 15000 Salaries Payable Inventory 80000 Taxes Payable Raw Material 10000 Short term Loans Payable Work in progress 12000 Finished Goods 25000 Total Current Liabilities Total Current Assets 242000 Long-Term Debt Term Loans Fixed Assets Bond Issues Land SBA Loans Plant Equipment Total Long-Term Debt Total Fixed Assets Net Worth Preferred Stock Common Stock Retained Earnings Total Net Worth Total Assets: Total Liability and Equity % ----------------------------------- INCOME STATEMENT Revenues Cost of Goods Sold Gross Profit ---------- Rent Depreciation Utilities General Expenses Advertising ---------- Total Costs Operating Profit ---------- Interest Expense Taxable Profit ---------- Income Tax After Tax Profit Dividends ---------- Retained Earnings % ----------------------------------- RATIOS Liquidity Ratios Current Ratio Quick Ratio Average Collection Period Day's Sales in Inventory Leverage Ratio Total Debt to Total Assets Long-Term Debt to Equity Times Interest Earned Asset Use Ratio Sales to Inventory Sales to Working Capital Sales to Total Assets Sales to Fixed Assets Profitability Ratios Return on Assets 7.84% Return on Sales 18.50% Return on Net Worth 10.72%