39.) Analyzing these ratios: Current Ratio Quick Ratio Inventory Turnover Receivables Turnover Days Sales Outstanding Fixed Asset Turnover Total Asset Turnover Operating Profit Margin Net Profit Margin Gross Profit Margin Return on Total Assets Return on Equity Basic Earning Power Debt/Net Worth Ratio Debt Ratio Time-Interest-Earned

Choose a firm (listed below) then go to the firm's website and then access and download their annual reports (financial statements).

1. Smoothie King - https://www.google.com/finance?q=smoothie%20king&fstype=ii (copy link into address bar please for search)

a) Using the accounting data from the firm's financial statements, calculate ALL ratios for the firm (liquidity ratios, activity ratios, profitability ratios, leverage ratios, and coverage ratios).

b) Analyze and compare the calculations to the firm here: .

Formula	Jamba Juice
Current Assets / Current Liabilities	0.7911	$44,013 / $55,635
Quick Assets / Current Liabilities	0.6737	($19,730 + $16,932 + $818) / $55,635
Cost of goods sold / Average Inventory	21.6402	$33,737 / ($818 / $2300) / 2
Net credit sales / Average Receivables	9.5359	$161,676 / ($16,932 + $16,977) / 2
(Accounts receivable / Net credit sales) * 365	38.2257	($16,932 / $161,676) * 365
Net sales / Net fixed assets	2.3224	$161,676 / $69,616
Operating Income / Net sales	0.0634	$10,254 / $161,676
Net Income / Net sales	0.0586	$9,470 / $161,676
Gross margin / Net sales	-
Net Income / Average Total assets	0.0117	$9,470 / ($69,616 + $92,489) / 2
Net Income / Shareholder's equity	1.8974	$9,470 / $4,991
EBIT / Total Assets	0.1473	$10,254 / $69,616
Total debt / (Total assets - Total debt)	12.9483	$64,625 / ($69,616 - $64,625)
Total Liabilities / Total Assets	0.9283	$64,625 / $69,616
EBIT / Interest Expense	46.6091	$10,254 / $220