Ratio	Formula	2020	2019	2018
Liq	Net Working Capital	= Current Assets - Current Liab	103,867,585	99,624,541	90,621,655
Liq	Current Ratio	= Current Assets / Current Liab	2.62	2.84	2.53
Liq	Quick Ratio	= Current Assets - Prepayments - Inventory / Current Liab	2.17	2.32	2.00
Liq	Cash Ratio	= Current Assets - Prepayments - Inventory - AR / Current Liab	1.65	1.71	1.46
Liq	Cash flow ratio	= Cash flow from operating activ / Current Liab	0.86	0.71
	Financial Leverage		1.37	1.34	1.37
	Debt to Equity Ratio		37%	34%	37%
	AR Turn Over	= Sales / Avg AR	7.17	6.64	7.20	Higher is better
	AR Collection period - Days	= 360 / AR Turnover	50.24	54.25	50.02	Lower is better
	Inventory Turn Over		4.91	5.25	4.78
	Inventory Days		73.26	68.61	75.39
	Operating cycle		123.50	122.86	125.40
	AP Turn Over Ratio	= Purchases / Avg AP	15.08	17.31	14.35
	Days Purchases in AP - Days	= 360 / AP Ratio	23.87	20.79	25.09
	Cash Cycle		99.64	102.07	100.31
	Return on Assets		7%	6%	13%
	Return on Equity		10%	6%	13%
	Profit Margin		11%	9%	18%
	Total Assets Turn Over		0.65	0.66	0.74
	Earning per Share ( EPS )		3.25	2.68	4.01
	Price to Earnings Ratio ( P/E )		13.44	7.53	16.32