Materiality Based on the Worksheet

Annualize Total Assets:

2014 1st Quarter Earnings (March 31, 2014)
2014 2nd Quarter Earnings (June 30, 2014)
2014 3rd Quarter Earnings (September 30, 2014)
Total Assets as of Third Quarter
Divided by Number of Quarters
Average Total Assets Per Quarter
Multiplied by Total Quarters in a Year
2014 Annual Estimated Total Assets
Annualize Total Revenues:
2014 1st Quarter Earnings (March 31, 2014)
2014 2nd Quarter Earnings (June 30, 2014)
2014 3rd Quarter Earnings (September 30, 2014)

Amount ($)
$6,048,106,000
$6,325,822,000
$6,778,329,000
$19,152,257,000
3
$6,384,085,667
4
$25,536,342,667
Amount ($)
$1,270,089,000
$2,610,496,000
$4,019,928,000

Total Revenue as of Third Quarter

Divided by Number of Quarters
Average Total Revenues Per Quarter
Multiplied by Total Quarters in a Year
2014 Annual Estimated Total Revenues

$7,900,513,000
3
$2,633,504,333
4
$10,534,017,333

Greater of Total Assets/Revenues :

Total Assets
Planning Materiality (Between 10-30 billion)
Add Factor
Multiply by Excess ($25,536,342,667 - $10,000,000,000)

$25,536,342,667
$8,550,000
0.000461
$15,536,342,667

Materiality Based on Total Assets

$15,712,254

Financial Ratios
Liquidity
Current ratio
Quick ratio
Cash ratio

2014
1.50
0.65
0.46

2013
1.42
0.56
0.23

Change
0.08
0.24

% Change
0.06
0.16
1.05

0.18
0.04
1.36
0.59

0.08
0.02
1.56
0.65

0.09
0.02
-0.20
-0.06

1.17
1.24
-0.13
-0.09

0.25
1.71
1.48
2.93
0.75

0.25
1.70
1.61
3.07
0.75

0.01
0.01
-0.13
-0.14
-0.01

0.04
0.01
-0.08
-0.05
-0.01

0.09

Profitability
Income before taxes/owner's equity
Income before taxes/total assets
Sales/Long-term assets
Sales/total assets

Solvency
Owners' equity/total assets
Long-term assets/owners' equity
Current liabilities/owners' equity
Total liabilities/owners' equity
Debt ratio
*Q3 amounts used for both years.