Question

Annual Data 1 Millions of US $ except per share data 2011-09-30 2010-09-30 2009 Revenue Cost Of Goods Sold Gross Profit $108,249 $64,431 $43,818 $2,429 $7,599 $65,225 $39,541 $25,684 $1,782 $5,517 $74,459 $33,790 $415 $34,205 $8,283 $25,922 EEEEE EE EE E E E E E E E E E E Research And Development Expenses SG&A Expenses Other Operating Income Or Expenses Operating Expenses Operating Income Total Non-Operating Income/Expense Pre-Tax Income Income Taxes Income After Taxes Other Income Income From Continuous Operations Income From Discontinued Operations Net Income EBITDA EBIT Basic Shares Outstanding Shares Outstanding Basic EPS EPS - Earnings Per Share $46,840 $18,385 $155 $18,540 $4,527 $14,013 $25,922 $14,013 $25,922 $35,604 $33,790 6,470 6,557 $4.01 $14,013 $19,412 $18,385 6,366 6,473 $2.20 $3.95 $2.16

Please include steps. (calculate for both 2010 & 2011)
I have attached all financial statements

Answer 1

------ Inventory Turnover Ratios for 2010 and 2011.

Usually inventory turnover ratio = COGS/average inventory

where average inventory is (closing inventory of previous year + closing inventory of current year )/ 2

but in cases where we dont have closing inventory of previous year, we only take closing inventory of current year.

Here we will take current year closing for inventory.

Inventory turnover ratio = COGS/closing inventory of current year

	2011	2010
COGS	64431	39541
Inventory	776	1051
Inventory Turnover	83.02964	37.62226

-------------------Debt ratio = Total liabilities/total assets (expressed in percentage form)

	2011	2010
Total Assets	116371	75183
Total Debt	39756	27392
Debt Ratio	0.341632	0.364338
	34.16%	36.43%

---------------------Times Interest Earned

Times interest earned : EBIT/Interest expense

Interest expense = EBIT - pre tax income

	2011	2010
EBIT	33790	18385
Pretax income	34205	18540
Interest expense	-415	-155
(EBIT - Pretax income)
Times interest earned	-81.4217	-118.613