Ratio Analysis: Determine the ratios and state what account caused the change.

\begin{tabular}{|l|l|l|l|} \hline \multicolumn{5}{|c|}{ Liquidity Ratios } \\ \hline \multicolumn{1}{|c|}{ Formula } & 20/20 & 20/20 & Change \\ \hline Working Capital & & & \\ \hline Current Ratio & & & \\ \hline AcidTest(Quick)Ratio & & & \\ \hline AccountsReceivableTurnover & & & \\ \hline AvgDayssalesuncollected & & & \\ \hline Payables Turnover & 140,215,000/49,816,000=2.81 & 29,855,000/46,072,000=0.65 & \\ \hline Avg Days payable & & & \\ \hline Inventory Turnover & 140,215,000/25,365,000=5.53 & 29,855,000/20,954,000=1.42 & \\ \hline AvgdaysInventoryonhand & & & \\ \hline \end{tabular} \begin{tabular}{|l|c|c|c|} \hline \multicolumn{5}{|c|}{ Long Term Solvency } \\ \hline \multicolumn{1}{|c|}{ Formula } & 20/20 & 20/20 & Change \\ \hline Debt To Equity & 20 & \\ \hline Times Interest Earned & & & \\ \hline \end{tabular} \begin{tabular}{|l|c|c|c|} \hline \multicolumn{5}{|c|}{ Cash Flow Adequacy } \\ \hline \multicolumn{1}{|c|}{ Formula } & 20/20 & 20/20 & Change \\ \hline Cash Flow Yield & 37,224,00022,058,000=1.69 & 39,421,000/22,068,000=1.79 & \\ \hline Cash Flow to Sales & 37,224,000302,059,000=.12 & 39,421,000/276,203,000=.14 & \\ \hline Cash Flow to Assets & 37,224,000998,452,000=.039 & 39,421,000/958,784,000=.041 & \\ \hline Free Cash Flow & 37,224,000 & 39,421,000 & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|} \hline \multicolumn{5}{|c|}{ Liquidity Ratios } \\ \hline \multicolumn{1}{|c|}{ Formula } & 20/20 & 20/20 & Change \\ \hline Working Capital & & & \\ \hline Current Ratio & & & \\ \hline AcidTest(Quick)Ratio & & & \\ \hline AccountsReceivableTurnover & & & \\ \hline AvgDayssalesuncollected & & & \\ \hline Payables Turnover & 140,215,000/49,816,000=2.81 & 29,855,000/46,072,000=0.65 & \\ \hline Avg Days payable & & & \\ \hline Inventory Turnover & 140,215,000/25,365,000=5.53 & 29,855,000/20,954,000=1.42 & \\ \hline AvgdaysInventoryonhand & & & \\ \hline \end{tabular} \begin{tabular}{|l|c|c|c|} \hline \multicolumn{5}{|c|}{ Long Term Solvency } \\ \hline \multicolumn{1}{|c|}{ Formula } & 20/20 & 20/20 & Change \\ \hline Debt To Equity & 20 & \\ \hline Times Interest Earned & & & \\ \hline \end{tabular} \begin{tabular}{|l|c|c|c|} \hline \multicolumn{5}{|c|}{ Cash Flow Adequacy } \\ \hline \multicolumn{1}{|c|}{ Formula } & 20/20 & 20/20 & Change \\ \hline Cash Flow Yield & 37,224,00022,058,000=1.69 & 39,421,000/22,068,000=1.79 & \\ \hline Cash Flow to Sales & 37,224,000302,059,000=.12 & 39,421,000/276,203,000=.14 & \\ \hline Cash Flow to Assets & 37,224,000998,452,000=.039 & 39,421,000/958,784,000=.041 & \\ \hline Free Cash Flow & 37,224,000 & 39,421,000 & \\ \hline \end{tabular}