Going Concern Ratio Analysis Current Debt to Equity Long Term Debt to Net Worth Inventory Turnover Profits

to Total Assets Gross Margin Percentage Net Income Before Taxes to Sales Times Interest Earned

2004

2003

2002

Estimate of Potential Understatement in Allowance A/R Turnover Sales Average accounts receivable Turnover Days Sales Outstanding Number of Days per Year A/R Turnover Ratio Days Allowance as a Percentage of Gross Receivables Allowance Gross Receivables Percentage Potential understatement in allowance Suggested percent Gross accounts receivable Suggested allowance Actual Allowance Potential understatement 2004 2003 2002

365

365

365

Estimate based on decrease in turnover 10,300 0 0