Patton Fuller Ratios

Audited: RatioComputions 2008-2009

Current Ratio

Current Assets/Current Liabilities

(2009) $128,876/$23,807 = 5.41:1

(2008) $130,026/$8,380 = 15.52:1

Quick Ratio

Cash and Cash Equivalents + Net Recievables/Current Liabilities

(2009) $22,995 + $59,797/$23,807 = 3.5:1

(2008) $41,851 + $37,666/$8,380 = 9.49:1

Days Cash On Hand

Unrestricted Cash and Cash Equivalents/Cash Operation Expenses divided by Number of Days in a Period

(2009)$462,293-36,036=426,257 divided by 365 = 1168/22,995=19.68 days

(2008)$437,424-24,955=412,469 divided by 365 = 1,130/41,851=37.0 days

Days Recievable

Net Recievable/Net Credit Revenues divided by Number of Days in a Period

(2009) 462,982 x 90% = 416,683.8 / 365 = 1141.6

59,787 / 1,141.6 = 52.37 days

(2008) 421,314 x 90% = 379182.6 / 365 = 1,038.36

37, 666 / 1,038.36 = 36.3 days

Un-Audited Ratio Computation 2008-2009

Current Ratio

Current Assets/Current Liabilities

(2009) $128,867/$23,807 = 5.41:1

(2008) $130,026/$8,380 = 15.52:1

Quick Ratio

Cash and Cash Equivalents + Net Recievables/Current Liabilities

(2009) $22,995 + $58,787/$23,807 = 3.4:1

(2008) $41,851 + $37,666/$8,380 = 9.49:1

Days Cash On Hand

Unrestricted Cash and Cash Equivalents/Cash Operation Expenses divided by Number of Days in a Period

(2009)$463,293-36,036=427,257 divided by 365 = 1168/22,995=19.3 days

(2008)$437,424-24,955=412,469 divided by 365 = 1,130/41,851=37.0 days

Days Recievable

Net Recievable/Net Credit Revenues divided by Number of Days in a Period

(2009) 462,982 x 90% = 416,683.8 / 365 = 1141.6

59,787 / 1,141.6 = 52.37 days

(2008) 421,314 x 90% = 379182.6 / 365 = 1,038.3637, 666 / 1,038.36 = 36.3 days

Un-Audited: Ratio Computations 2008-2009

Debt Service Coverage Ratio (DSCR)

Change in Unrestricted Net Assets (net income) + interest, Depreciation,

Amortization/Maximum Annual Debt Service

(2009) 627 + 36,036 + 3,708=40371/14,609 = 2.8

(2008) (15,846) + 24,955 +...