Question

Need formula for ratios.
Dec. 31, 2017 Dec 31, 2016 $ 687,521 $ 759,984 5,519 329,986 2,105,662 538,202 47,518 175,853 3,884,742 4,859,424 967,781 19,816 55,947 109,073 75,889 9,972,672 285,106 2,076,261 499,917 52,574 174,491 3,853,852 4,759,197 981,593 53,391 167,729 74,478 9,890,240 Consolidated Balance Sheets - USD ($) $ in Thousands 2 Current assets: 3 Cash and cash equivalents 4 Marketable securities 5 Accounts receivable, net 6 Finance receivables, net 7 Inventories 8 Restricted cash 9 other current assets 10 Total current assets 11 Finance receivables, net 12 Property, plant and equipment, net 13 Prepaid pension costs 14 Goodwill 15 Deferred income taxes 16 Other long-term assets 17 Total assets 18 Current liabilities: 19 Accounts payable 20 Accrued liabilities 21 Short-term debt 22 Current portion of long-term debt, net 23 Total current liabilities 24 Long-term debt, net 25 Pension liability 26 Postretirement healthcare liability 27 Other long-term liabilities 28 Commitments and contingencles (Note 14) 29 Shareholders' equity: 30 Preferred stock, none issued 31 Common stock, 181,286,547 and 180,595,054 shares issued, respectively 32 Additional paid-in-capital 33 Retained earnings 34 Accumulated other comprehensive loss 35 Treasury stock (13,195,731 and 4,647,345 shares, respectively), at cost 36 Total shareholders' equity 37 Total liabilities and shareholders' equity 38 Variable Interest Entity, Primary Beneficiary 39 Current assets: 40 Finance receivables, net 41 Other current assets 42 Finance receivables, net 43 Restricted cash-current and non-current 44 Current liabilities: 45 Current portion of long-term debt, net 46 Long-term debt, net 47 227,597 529,822 1,273,482 1,127,269 3,158,170 4,587,258 54.606 118.753 209,608 235,318 486,652 1,055,708 1,084,884 2,862,562 4,666,975 84,442 173,267 182,836 1,813 1,422,808 1,607,570 (500,049) (687,865) 1,844,277 9,972,672 1,806 1,381,862 1,337,673 (565,381) (235,802) 1,920,158 9,890,240 194,813 2,148 521,940 48,706 225,289 2,781 643,047 57,057 209,247 $ 422,834 241,396 $ 554,879 48 49 50 A + Inc Stmt Bal Sheet Ratio Analysis +

Answer 1

Cash coverage ratio = Total cash/Interest Expense

Current ratio = Current Assets/Current Liabilities

Debt to Equity ratio = Total Long-term Debt/Total Equity

Inventory Turnover = Cost of goods sold/Average Inventory

Average Inventory = (beginning of the year inventory + end of year inventory)/2

Days' sales in inventory = 365/Inventory Turnover

365 is no. of days in a year.

Receivables Turnover = Net annual sales/Average Receivables

Average receivables = (beginning of the year receivables + end of year receivables)/2

Days' sales in receivables = 365/Receivables Turnover

Total Asset Turnover = Net Sales/Average Total Assets

Average Total Assets = (beginning of the year Total Assets + end of year Total Assets)/2

Net profit margin = Net profit or income/Net Sales

Return on Asset = Net income or profit/average assets

Return on equity = Net income or profit/shareholders' equity

Retention ratio = 1 - (dividend paid/net income) or 1 - dividend payout ratio

Internal growth rate = [Return on asset*(1 - dividend payout ratio)]/1 - [Return on asset*(1 - dividend payout ratio)]

Sustainable growth rate = [Return on equity*(1 - dividend payout ratio)]/1 - [Return on equity*(1 - dividend payout ratio)]