Financial Ratio Worksheet
		2014	2015	2016	2017	2018
(Receivables/sales)*365	Days Receivable	75.47	80.31	63.69	78.74	76.59
(Inventory/Cost of Goods Sold)*365	Days Inventory	17.42	21.58	18.24	41.88	41.43
(Accounts Payable/Cost of Goods Sold)*365	Days Payable	45.19	57.23	61.09	109.84	103.13
(Sales Yr2-Sales Yr1)/Sales Yr1	Sales Growth	-5.47%	-5.47%	-3.81%	-42.40%	6.86%
Cost of Goods Sold/Sales	Costs of Goods Sold	71.63%	71.33%	70.84%	69.89%	69.88%
SG&A Expenses/Sales	SG&A to sales	15.81%	15.40%	15.60%	17.54%	16.03%
Operating Profit/Sales	Operating Profit to Sales	6.92%	7.15%	8.10%	6.31%	3.35%
Current Assets/Current Liabilities	Current Ratio	1.11	1.41	1.28	1.13	1.00
Total Liabilities/Net Worth	Debt Ratio	0.77	1.42	1.53	1.62	1.61
Sales/Total Assets	Sales Turnover	0.85	0.64	0.63	0.47	0.56
Earnings Before Taxes/Net Worth	Return on Equity	16.39	22.81	7.71	86.27	79.25
Earnings Before Taxes/Total Assets	Return on Assets	0.03	0.02	0.05	0.00	0.00

Identify the 3 bottom ratios and the 3 top ratios. Give a detailed explanation for each.