Formula Sheet
Current Assets
1. Current Ratio (x) = ------------------------Current Liabilities
Current Assets - Inventory
2. Quick Ratio(x) = ------------------------------------Current Liabilities
Cash+Marketable Securities+CFO
3. Cash Flow Liquidity (x) = ---------------------------------------------Current Liabilities
Where CFO=Cash Flow from Operating Activities
Net Sales
4. Accounts Receivable (x) = ---------------------------------------Accounts Receivable (Net)
Net Accounts Receivable
5. Accounts Receivable (Days) = ---------------------------------(Net Sales/365)
Cost of Goods Sold
6. Inventory Turnover vs COGS (x) = --------------------------Inventory
Inventory
7. Inventory Turnover vs Av Sales = --------------------------(Net Sales/365)
Accounts Payable
8. Accounts Payable vs COGS=-----------------------------------(Cost of Goods Sold / 365)

Accounts Payable
9. Accounts Payable vs Av Sales = ---------------------------(Net Sales/365)
10. Cash Conversion Cycle= Ratio # 5 + Ratio # 7 – Ratio # 9
Total Liabilities
11. Debt Ratio (%) = ---------------------Total Assets
Long-term debt
12. LTD to Total Capitalization = ----------------------------------LTD+Stockholders’ equity
Where LTD=long-term debt
Total Liabilities
13. Debt to Worth (x) = ---------------------------Stockholders’ Equity
Where Worth = Equity
Total Liabilities
14. Debt to TNW (x) = --------------------------------------------(Stockholders’ Equity-Intangibles) where (TNW) Tangible Net Worth = Total Equity - Intangibles
Operating profit
15. Times interest earned (x) = -----------------------Interest expense

Operating Profit+Lease Pmts
16. Fixed Charge Coverage=-----------------------------------------Interest Expense+Lease Pmts
CFO
17. Cash Flow Adequacy = --------------------------------------------Average Annual LTD Maturities *
* Sum of Current Maturities of next 5 years divided by 5
Net Sales
18. Fixed Asset Turnover (x) = ------------------------Net Fixed Assets
Net Sales
19. Total Asset Turnover (x) = -----------------Total Assets
Gross profit
20. Gross Profit Margin (%) = ------------------Net sales
Operating Profit
21.