4.

1 Table shows that Current Ratio of FORWARD SHOE GROUP OF COMPANIES

CURRENT RATIO=CURRENT ASSETS/CURRENT LIABILITIES

CURRENT CURRENT CURRENT RATIO

YEAR ASSETS LIABILITIES (%)
2005-06 41,10,59,349.83 39,12,44,039.86 1.05
2006-07 59,04,32,067.51 56,66,27,351.97 1.04
2007-08 61,48,94,572.89 58,56,37,913.45 1.05
2008-09 75,38,15,564.42 71,65,34,680.91 1.05
2009-10 84,40,49,470.50 80,00,05,310.20 1.06

4.1 Chart shows that Current Ratio of FORWARD SHOE GROUP OF COMPANIES

CURRENT RATIO(%)

1.065
1.06
1.055
1.05
CURRENT RATIO(%)
1.045
1.04
1.035

1.03
2005- 2006- 2007- 2008- 2009-
2006 2007 2008 2009 2010
4.2 Table shows that Quick Ratio of FORWARD SHOE GROUP OF COMPANIES

QUICK RATIO=LIQUID ASSETS/CURRENT LIABILITIES

YEAR LIQUID ASSETS CURRENT LIABILITIES QUICK RATIO(%)

2005-06 3200682.7 391244039.9 0.01
2006-07 3272070.53 566627352 0.01
2007-08 3219987.48 585637913.5 0.01
2008-09 3051397.5 716534680.9 0.004
2009-10 2887182.82 800005310.2 0.003

4.2 Chart shows that Quick Ratio of FORWARD SHOE GROUP OF COMPANIES

QUICK RATIO(%)

0.012

0.01

0.008

0.006 QUICK RATIO(%)

0.004

0.002

0
2005- 2006- 2007- 2008- 2009-
2006 2007 2008 2009 2010
4.3 Table shows that Working Capital Turnover Ratio of FORWARD SHOE GROUP OF
COMPANIES

WORKING CAPITAL TURNOVER RATIO=SALES/WORKING CAPITAL

WORKING W.C TURNOVER

YEAR SALES CAPITAL RATIO(times)
2005-06 23,79,894.02 1,98,15,309.97 0.12
2006-07 24,85,921.87 2,38,04,715.54 0.1
2007-08 22,45,371.25 2,92,56,659.44 0.08
2008-09 1,68,589.98 3,72,80,883.51 0.004
2009-10 1,39,573.68 4,40,44,160.30 0.003

4.3 Chart shows that Working Capital Turnover Ratio of FORWARD SHOE GROUP OF
COMPANIES

W.C TURNOVER RATIO(times) 2005-2006

2006-2007
0.003, 1% 2007-2008
, 0% 2008-2009
0.004, 1%
2009-2010
0.08, 26%
0.12, 39%

0.1, 33%
4.4 Table shows that Stock Turnover Ratio of FORWARD SHOE GROUP OF
COMPANIES

STOCK TURNOVER RATIO=COST OF GOODS SOLD/AVERAGE STOCK

COST OF GOODS AVERAGE STOCK TURNONVER

YEAR SOLD STOCK RATIO(times)
2005-06 24,23,361.50 28,32,40,997.80 0.009
2006-07 38,67,674.60 49,79,62,091.50 0.008
2007-08 12,04,747.41 59,97,81,029.50 0.002
2008-09 -2462347.4 67,96,26,186.30 -0.004
2009-10 -6537930.07 79,14,87,074.40 -0.008

4.4 Chart shows that Stock Turnover Ratio of FORWARD SHOE GROUP OF
COMPANIES

STOCK TURNONVER RATIO(times)

0.01
0.009
0.008 0.008
0.006
0.004
0.002 0.002
STOCK TURNONVER
0
RATIO(times)
-0.002 06 7 8 9 0
2 0 2 00 2 00 2 00 2 01
-0.004 5- 6- 7- 8- 9--0.004
20 0 20 0 20 0 20 0 20 0
-0.006
-0.008 -0.008
-0.01
4.5 Table shows that Debtors Turnover Ratio of FORWARD SHOE GROUP OF
COMPANIES

DEBTORS TURNOVER RATIO=CREDIT SALES/AVERAGE A/C’s

RECEIVABLES

CREDIT AVERAGE A/C's DEBTORS TURNONVER RATI

YEAR SALES RECEIVABLES (times)
2005-06 23,79,894.02 11,46,673.71 2.0755
2006-07 24,85,921.87 23,24,691.62 1.0694
2007-08 22,45,371.25 23,34,344.01 0.9619
2008-09 1,68,589.98 22,24,007.49 0.0758
2009-10 1,39,573.68 20,57,605.16 0.0678

4.5 Chart shows that Debtors Turnover Ratio of FORWARD SHOE GROUP OF
COMPANIES
DEBTORS TURNONVER RATIO (times)

2.5

1.5 DEBTORS
TURNONVER RATIO
1 (times)

0.5

0
2005- 2006- 2007- 2008- 2009-
2006 2007 2008 2009 2010
4.6 Table shows that Creditors Turnover Ratio of FORWARD SHOE GROUP OF
COMPANIES

CREDITORS TURNOVER RATIO=CREDIT PURCHASE/AVERAGE A/C’s

PAYABLES

CREDIT AVERAGE A/C's CREDITORS TURNOVER

YEAR PURCHASE PAYABLES RATIO(times)
2005-06 25,16,58,700.19 26,80,53,657.10 0.939
2006-07 18,22,63,485.51 47,88,97,064.7 0.381
2007-08 2,49,91,859.21 32,11,22,407.9 0.078
2008-09 13,98,13,613.86 65,10,71,951.6 0.215
2009-10 9,28,12,496.33 75,82,92,061.8 0.122

4.6 Chart shows that Creditors Turnover Ratio of FORWARD SHOE GROUP OF
COMPANIES
CREDITORS TURNOVER RATIO(times)

2009-2010 0.122

2008-2009 0.215 CREDITORS

TURNOVER
2007-2008 0.078 RATIO(times)

2006-2007 0.381

2005-2006 0.939

0 0.2 0.4 0.6 0.8 1

4.7 Table shows that Operating Cycle of FORWARD SHOE GROUP OF COMPANIES

OPERATING CYCLE=DTR+STR+CHP-CTR

Where DTR=Debtors Turnover Ratio

STR=Stock Turnover Ratio
CHP=Cash Holding Period
CTR=Creditors Turnover Ratio

OC
YEAR DTR STR CHP CTR RATIO(days)
2005-06 2.0755 0.0086 35 0.9388 36.2
2006-07 1.0694 0.0078 38 0.3806 39
2007-08 0.9619 0.002 32 0.0778 33
2008-09 0.0758 -0.0036 40 0.2147 40
2009-10 0.0678 -0.0083 37 0.1224 37

4.7 Chart shows that Operating Cycle of FORWARD SHOE GROUP OF COMPANIES
OC RATIO(days)

, 0%
37, 20% 36.2, 20%
2005-2006
2006-2007
2007-2008
2008-2009
40, 21% 39, 21% 2009-2010

33, 18%
4.8 Table shows that Current Assets to Total Assets of FORWARD SHOE GROUP OF
COMPANIES

CURRENT TOTAL CURRENT TOTAL

YEAR ASSETS ASSETS ASSETS(%) ASSETS(%)
2005-06 41,10,59,349.83 4,110,62,374.83 781.9 781.9
2006-07 59,04,32,067.51 59,04,35,092.51 544.4 544.4
2007-08 61,48,94,572.89 61,48,97,597.89 522.7 522.7
2008-09 75,38,15,564.42 75,38,18,589.42 426.4 426.4
2009-10 84,40,49,470.50 84,40,52,495.50 380.8 380.8

4.8 Chart shows that Current Assets to Total Assets of FORWARD SHOE GROUP OF
COMPANIES

900
800
700
600
CURRENT
500 ASSETS(%)
400 TOTAL ASSETS(%)
300
200
100
0
2005- 2006- 2007- 2008- 2009-
2006 2007 2008 2009 2010
4.9 Table shows that Sales (%) of FORWARD SHOE GROUP OF COMPANIES

PERCENTAGE
YEAR SALES (%)
2005-06 23,79,894.02 311.75
2006-07 24,85,921.87 298.45
2007-08 22,45,371.25 330.43
2008-09 1,68,589.98 4400.83
2009-10 1,39,573.68 5315.72

4.9 Chart shows that Sales (%) of FORWARD SHOE GROUP OF COMPANIES

PERCENTAGE(%)

6000.00

5000.00

4000.00

3000.00 PERCENTAGE(%)

2000.00

1000.00

0.00
2005- 2006- 2007- 2008- 2009-
2006 2007 2008 2009 2010