Ratio Analysis (enter the year of the company's most recent financial report)

Company Target

2017 2016 2015

Liquidity Ratios CURRENT RATIO: Current assets 15 20 25

Current liabilities

QUICK RATIO: Cash + ST investments + receivables

Current liabilities

Debt ratios DEBT TO TOTAL ASSETS: Total debt

Total assets

DEBT TO TOTAL EQUITY: Total debt

Total equity

TIMES INTEREST EARNED: Income before tax and interest

Interest charges

Mangement ratios ACCOUNTS RECEIVABLE TURNOVER: Net credit sales

Average net accounts receivable

INVENTORY TURNOVER: Cost of goods sold

Average inventory

Profitabilty ratios NET PROFIT ON SALES: Net income

Net sales

GROSS PROFIT MARGIN Gross profit

Net sales

RETURN ON ASSETS: Net income + interest

Average assets

RETURN ON EQUITY: Net income - preferred dividends

Average common equity

BOOK VALUE: Common equity

Common shares

Market ratios EARNINGS PER SHARE: Income available to common

Average number of shares

PRICE EARNINGS: Market price per share

Earnings per share

DIVIDEND RATE/YIELD: Annual cash dividend per share

Market price per share

DIVIDEND PAYOUT RATIO: Annual cash dividend per share

Earnings per share

2,928.00

4,600.00

4,600.00

-8

4,592.00

4,592.00

3.62%

3.75

3.74

3.74

0.9

Page 26

4-Mar-19

866-541-3770

HOOVERS.COM

Ratio Analysis (enter the year of the company's most recent financial report) Company Target 2017 2016 2015 Liquidity Ratios CURRENT RATIO: Current assets 15 20 25 Current liabilities QUICK RATIO: Cash + ST investments + receivables Current liabilities Debt ratios DEBT TO TOTAL ASSETS: Total debt Total assets DEBT TO TOTAL EQUITY: Total debt Total equity TIMES INTEREST EARNED: Income before tax and interest Interest charges Mangement ratios ACCOUNTS RECEIVABLE TURNOVER: Net credit sales Average net accounts receivable INVENTORY TURNOVER: Cost of goods sold Average inventory Profitabilty ratios NET PROFIT ON SALES: Net income Net sales GROSS PROFIT MARGIN Gross profit Net sales RETURN ON ASSETS: Net income + interest Average assets RETURN ON EQUITY: Net income - preferred dividends Average common equity BOOK VALUE: Common equity Common shares Market ratios EARNINGS PER SHARE: Income available to common Average number of shares PRICE EARNINGS: Market price per share Earnings per share DIVIDEND RATE/YIELD: Annual cash dividend per share Market price per share DIVIDEND PAYOUT RATIO: Annual cash dividend per share Earnings per share 2,928.00 4,600.00 4,600.00 -8 4,592.00 4,592.00 3.62% 3.75 3.74 3.74 0.9 Page 26 4-Mar-19 866-541-3770 HOOVERS.COM