Alk01

Indonesia prima (2012)

1. current ratio = Current AssetsCurrent Liabilities

= 115.963.959.318658.072.093.566

= 0,18

2. acid test ratio = Cash and Cash Equivalent + Marketable Securities+ Accounts Receivable Current Liabilities

= 56.401.158.889 + 29.790.910.751 171.968.274.621

= 0,5

3. Collection period = Average accounts receivableSales/360

= (29.790.910.751 +17.065.912.637)/2297.872.638.598/360

= 28,31 hari

4. Days to sell inventory = Average inventoryCost of sales/360

= (22.881.582.565 +23.212.226.000)/2 147.528.311.233/360

= 56,24 hari

Capital Structure and Solvency

1. Total debt to equity = Total liabilitiesShareholder's equity

= 231.833.886.315542.202.166.569

= 0,43

2. Long-term debt to equity = Long-term liabilitiesShareholders'equity

= 59.865.611.694542.202.166.569

= 0,11

3. Times interest earned = Income before income taxes and interest expenseInterest expense

= 58.288.433.513+2.417.256.4902.417.256.490

=25,11

Return on Investment

1. Return on Assets = Net income+Interest expense x (1-Tax rate)Average total assets

=39.913.140.905+2.417.256.490 x (1-0,(774.036.052.884+738.221.345.249)/2

=

2. Return on common equity = Net incomeAverage shareholders'equity

= 39.913.140.905(542.202.166.569+502.289.025.664)/2

=7,64

Operating performance

1. Gross profit margin = Sales-Cost of salesSales

= 297.872.638.598-147.528.311.233297.872.638.598

= 50,47%

2. Operating profit margin (pretax) = Income from operationsSales

= 58.288.433.513297.872.638.598

=19,57%

3. Net profit margin = Net incomeSales

= 39.913.140.905297.872.638.598

=13,4%

Asset Utilization

1. Cash turnover = SalesAverage cash and cash equivalents

= 297.872.638.598(56.401.158.889+76.222.177.742)/2

=4,5

2. Accounts receivable turnover =SalesAverage accounts receivable

= 297.872.638.598(29.790.910.751 +17.065.912.637)/2

= 12,71

3. Inventory...