2011

Number of days inventory

4,208,555.00
92,715.93

It takes FJ Corporation approximately 45.39 days to hold its inventory before selling it; it
measures the number of days funds are tied up in inventory.

Number of Days Receivable

4,971,397.50
83,901.82

It takes FJ Corporation, on average, approximately 59.25 days to collect its receivables.

Number of Days Payables

7,989,717.50
110,093.45

FJ Corporation has 72.57 days payables outstanding and it indicates the company's ability to
delay payment and conserve cash that can be used for other things which may provide higher
returns. This could arise from good credit terms with vendors. Also, compared to number of days
receivables, it is good that the company generates cash first from payments of receivables before
it pays its debt.

Current Ratio

10,483,283.00
9,414,947.00

The ratio of 1.11 indicates that FJ Corporation has enough amount of current assets relative to
current liabilities. It provides assurance that the company will be able to satisfy its immediate
obligations.

Net Working Capital Ratio

Quick Ratio

1,068,336.00
30,624,164.00

5,528,544.00
9,414,947.00

It indicatest that 59% FJ Corporation's current liabilities is satisfid with its most liquid ssets. It
can be said that FJ Corporation cannot currently fully extinguish or its current liabilities using
near cash or quick asset.

Cash Ratio

Gross Profit Margin

1,172,289.00
9,414,947.00

(3,217,150.00)
30,624,164.00

Because the company recorded a loss, the profit margin calculation is meaningless. The loss can be traced

Operating Profit Margin

Net Profit Margin

Payable Turnover

(9,832,323.00)
30,624,164.00
(2,920,392.00)
30,624,164.00
32,015,980.00
7,989,717.50

It indicates that during 2011, FJ Corporation purchases on account and paid the suppliers 4.01
times.

Accounts Receivable Turnover

30,624,164.00
4,971,397.50

It indicates that during 2011, FJ Corporation created and collected credit ssales for 6.16 times. It
is good that the receivable turnover has a higher ratio compared to payable turnover, means to
say that the company makes sure that it has collected cash before it pays off its debt.

Inventory Turnover

33,841,314.00
4,208,555.00

It indicates that FJ Corporation's inventory comes and leaves 8.04 times in 2011.

Total Asset Turnover

30,624,164.00
17,672,976.00

Fixed Asset Turnover

Working Capital Turnover

Debt Ratio

30,624,164.00
4,788,800.00
30,624,164.00
1,068,336.00
38,647,029.00
17,672,976.00

The 2.19 debt ratio indicates the percentage of company's asset that are provided via debt. It
shows that the company has a very high amount of liability, which means that the company is
highly leveraged. There is a very great risk associated with the firm's operation.

Long-term Debt to Asset Ratio

Debt to Equity

Sales to Owner's Equity

Time Interest coverage ratio

Fixed-charge coverage ratio

Return on Total Asset

Return on Common Equity

Net Income to Equity

27,455,256.00
17,672,976.00
38,647,029.00
(19,197,227.00)
30,624,164.00
(19,197,227.00)
4,652.00
(2,684.00)
7,410,874.00
7,403,538.00
(2,920,392.00)
17,672,976.00
(2,920,392.00)
34,000,000.00
(2,920,392.00)

Net Income to Equity

(19,197,227.00)

2012

45.39

ys to hold its inventory before selling it; it

ds are tied up in inventory.

59.25

ately 59.25 days to collect its receivables.

72.57

ng and it indicates the company's ability to

d for other things which may provide higher
h vendors. Also, compared to number of days
ash first from payments of receivables before
debt.

1.11

Number of days inventory

It takes FJ Corporation approximately 22.32 days to sell its inventory from th

inventory. Compared to last year, the company has greatly improve the le
processing its inventory to generating sales. It has lessen their storage time f
days.

Number of Days Receivable

It takes FJ Corporation, on average, approximately 44.95 days to collec

Compared to the previous year, it has improved its collection process by 14
to the number of days of receivable and inventory that shows the compan
operating cycle; from investing in goods, generate sale, collection of receiv
cash.

Number of Days Payables

FJ Corporation has 72.57 days payables outstanding and it indicates the co

delay payment and conserve cash that can be used for other things which m
returns. This could arise from good credit terms with vendo

Current Ratio

enough amount of current assets relative to

ompany will be able to satisfy its immediate
ns.

The ratio of 1.22 indicates that FJ Corporation has enough amount of curre
current liabilities. It can be said that for the past two years, the company is ra
enough amount of current assets to satisfy immediate obliga

0.03

Net Working Capital Ratio

0.59

Quick Ratio

ilities is satisfid with its most liquid ssets. It

ully extinguish or its current liabilities using
ick asset.

It indicates that 89% FJ Corporation's current liabilities is satisfied with its

The company may still not be able to fully extinguish its current liabilities
near cash nevertheless it has improved its ability to satisfy its current liabili
21% this year. The increase can be subjected to the great improvement in the
sale. The improvement in the number of days of inventory can be concluded
increased its quick asset by having more trade receivables and cash paymen
this could arise also from decrease in current liabilities that is evident by i
receivable turnover which means the company receives more cash to pay its

0.12

Cash Ratio

(0.11)

Gross Profit Margin

t margin calculation is meaningless. The loss can be traced to Cost of Good sold, which means he company may have sold the goods at very

(0.32)

Operating Profit Margin

(0.10)

Net Profit Margin

4.01

Payable Turnover

hases on account and paid the suppliers 4.01

6.16

d and collected credit ssales for 6.16 times. It

atio compared to payable turnover, means to
ollected cash before it pays off its debt.

8.04

It indicates that during 2012, FJ Corporation purchases on account and pai

times. The ratio increased which means the company is paying the supplier
arise from the increase in receivable turnover, which means more cash is ava
debts.

Accounts Receivable Turnover

It indicates that during 2012, FJ Corporation purchases on account and pai

times. It implies that FJ Corporation's extension of credit and collection of
efficient compared last year. However, there is a big gap between the invent
receivable turnover. Inventory turnover is twice the ratio of receivable turno
takes the compay to invest for two sets of goods to to be sold for the comp

Inventory Turnover

It indicates that FJ Corporation's inventory comes and leaves 13.28 times in

inventory turnover is great because it reduces holding cost. The company sp
rent, utilities, insurance, theft and other costs of maintaining stock of g

comes and leaves 8.04 times in 2011.

1.73

Total Asset Turnover

6.39

Fixed Asset Turnover

28.67

Working Capital Turnover

2.19

Total Debt to Asset Ratio

mpany's asset that are provided via debt. It

f liability, which means that the company is
associated with the firm's operation.

The 2.48 debt ratio indicates the percentage of company's asset that are pro
liability may have been decreased but the asset also dreased that's why the d
in 2012

1.55

Long-term Debt to Asset Ratio

(2.01)

Debt to Equity

(1.60)

Sales to Owner's Equity

(1.73)

Time Interest coverage ratio

1.00

Fixed-charge coverage ratio

(0.17)

Return on Total Asset

(0.09)

Return on Common Equity

0.15

Net Income to Equity

0.15

Net Income to Equity

2012
2,549,122
114,185.32

22.32

Corporation approximately 22.32 days to sell its inventory from the time it acquires its
ry. Compared to last year, the company has greatly improve the length of time from
its inventory to generating sales. It has lessen their storage time for inventory by 23.07
days.

4,243,164.25
94,399.97

44.95

s FJ Corporation, on average, approximately 44.95 days to collect its receivables.

to the previous year, it has improved its collection process by 14.3 days. It is relative
umber of days of receivable and inventory that shows the company has improved its
g cycle; from investing in goods, generate sale, collection of receivable and back into
cash.

7,280,514.00
110,093.45

66.13

oration has 72.57 days payables outstanding and it indicates the company's ability to
yment and conserve cash that can be used for other things which may provide higher
returns. This could arise from good credit terms with vendors.

8,484,202.00
6,945,598

1.22

of 1.22 indicates that FJ Corporation has enough amount of current assets relative to
ilities. It can be said that for the past two years, the company is rational in maintaining
enough amount of current assets to satisfy immediate obligation.

1,538,604.00
34,455,989.00

5,900,720.00
6,945,598.00

0.04

0.85

es that 89% FJ Corporation's current liabilities is satisfied with its most liquid assets.
pany may still not be able to fully extinguish its current liabilities immediately using
nevertheless it has improved its ability to satisfy its current liabilities immediately by
ear. The increase can be subjected to the great improvement in their ability to generate
mprovement in the number of days of inventory can be concluded that the company has
its quick asset by having more trade receivables and cash payments from customers.
d arise also from decrease in current liabilities that is evident by improvement in the
turnover which means the company receives more cash to pay its current onligations.

2,385,789.00
6,945,598.00

(7,221,652.00)
34,455,989.00

0.34

-0.21

d sold, which means he company may have sold the goods at very low seling price

(14,208,796.00)
34,455,989.00
(4,560,853.00)
34,455,989.00
40,184,108.00
7,280,514.00

-0.41

-0.13

5.52

es that during 2012, FJ Corporation purchases on account and paid the suppliers 5.52
e ratio increased which means the company is paying the supplier at a faster rate, this
the increase in receivable turnover, which means more cash is available for payment of
debts.

30,624,164.00
4,243,164.25

7.22

es that during 2012, FJ Corporation purchases on account and paid the suppliers 7.22
implies that FJ Corporation's extension of credit and collection of receivable is more
ompared last year. However, there is a big gap between the inventory turnover and the
turnover. Inventory turnover is twice the ratio of receivable turnover. Means to say, it
compay to invest for two sets of goods to to be sold for the company to collect one.

33,841,314.00
2,549,121.50

13.28

s that FJ Corporation's inventory comes and leaves 13.28 times in 2012. Increasing the
turnover is great because it reduces holding cost. The company spends less money on
utilities, insurance, theft and other costs of maintaining stock of good to be sold.

34,455,989.00
14,888,949.00

2.31

34,455,989.00
5,044,677.00
34,455,989.00
1,538,604.00
36,870,203.00
14,888,949.00

6.83

22.39

2.48

debt ratio indicates the percentage of company's asset that are provided by debt. The
ay have been decreased but the asset also dreased that's why the debt ratio is increased
in 2012

31,701,431.00
14,888,949.00
36,870,203.00
(23,758,080.00)
34,455,989.00
(23,758,080.00)
2,376.00
9,498,993.00
(4,560,853.00)
14,888,949.00
(4,560,853.00)
34,000,000.00
(4,560,853.00)

2.13

-1.55

-1.45

0.00

0.00

-0.31

-0.13

0.19

(23,758,080.00)

0.19