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=1=
2015
Current Ratio = 12,661,057/722,198 = 17.53
2016
Current Ratio = 6,649,081/1,133,521 = 5.86
=2=
Acid-Test Ratio (Quick Ratio) = Current Assets – Inventories/Current Liabilities
This ratio is like the current ratio but excludes current assets such as inventories
and prepaid expenses that may be difficult to quickly convert into cash.
2015
Quick Ratio = 12,661,057 – 483,346/722,198 = 12,177,711/722,198 = 16.86
2016
Quick Ratio = 6,649,081 – 729,308/1,133,521 = 5,919,773/1,133,521 = 5.22
=3=
2015
Debt to Equity Ratio = 34,714,292/(4,636,057) = (7.48)
2016
Debt to Equity Ratio = 39,185,628/(14,662,088) = (2.67)
=4=
Debt Ratio = Total Liabilities/Total Assets
This ratio measures what portion of a company’s assets are contributed by
creditors.
2015
Debt ratio = 34,714,292/30,078,235 = 1.15
2016
Debt Ratio = 39,185,628/24,523,540 = 1.59
Tests of a Company's Efficiency:
=5=
This ratio measures the number of times merchandise is sold and and replaced
during the year.