2011

= 4,208,555.00

= 45.39 92,715.93

= 4,971,397.50

= 59.25 83,901.82

Number of Days Payables = 7,989,717.50

= 72.57 110,093.45

Current Ratio = 10,483,283.00

= 1.11 9,414,947.00

Number of days inventory

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

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

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.

= 1,068,336.00

= 0.03 30,624,164.00

Quick Ratio = 5,528,544.00

= 0.59 9,414,947.00

Cash Ratio = 1,172,289.00

= 0.12 9,414,947.00

Gross Profit Margin = (3,217,150.00)

= (0.11) 30,624,164.00

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

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.

Because the company recorded a loss, the profit 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 low seling price

Operating Profit Margin = (9,832,323.00)

= (0.32) 30,624,164.00

Net Profit Margin = (2,920,392.00)

= (0.10) 30,624,164.00

Payable Turnover = 32,015,980.00

= 4.01 7,989,717.50

= 30,624,164.00 = 6.16 4,971,397.50

Inventory Turnover = 33,841,314.00

= 8.04 4,208,555.00

Total Asset Turnover = 30,624,164.00

= 1.73 17,672,976.00

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

Accounts Receivable Turnover

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.

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

Fixed Asset Turnover = 30,624,164.00

= 6.39 4,788,800.00

= 30,624,164.00

= 28.67 1,068,336.00

Debt Ratio = 38,647,029.00

= 2.19 17,672,976.00

= 27,455,256.00

= 1.55 17,672,976.00

Debt to Equity = 38,647,029.00

= (2.01) (19,197,227.00)

Sales to Owner's Equity = 30,624,164.00

= (1.60) (19,197,227.00)

= 4,652.00

= (1.73) (2,684.00)

= 7,410,874.00

= 1.00 7,403,538.00

Return on Total Asset = (2,920,392.00)

= (0.17) 17,672,976.00

= (2,920,392.00)

= (0.09) 34,000,000.00

Net Income to Equity = (2,920,392.00)

= 0.15

Working Capital Turnover

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

Time Interest coverage ratio

Fixed-charge coverage ratio

Return on Common Equity

Net Income to Equity = (19,197,227.00)

= 0.15

2012

=2,549,122

= 22.32 114,185.32

= 4,243,164.25

= 44.95 94,399.97

Number of Days Payables = 7,280,514.00

= 66.13 110,093.45

Current Ratio = 8,484,202.00

= 1.226,945,598

Number of days inventory

It takes FJ Corporation approximately 22.32 days to sell its inventory from the time it acquires its inventory. Compared to last year, the company has

greatly improve the length of time from processing its inventory to generating sales. It has lessen their storage time for inventory by 23.07 days.

Number of Days Receivable

It takes FJ Corporation, on average, approximately 44.95 days to collect its receivables. Compared to the previous year, it has improved its collection process by 14.3 days. It is relative to the number of days of receivable and inventory that shows the company has improved its operating cycle; from

investing in goods, generate sale, collection of receivable and back into cash.

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.

= 1,538,604.00

= 0.04 34,455,989.00

Quick Ratio = 5,900,720.00

= 0.85 6,945,598.00

Cash Ratio = 2,385,789.00

= 0.34 6,945,598.00

Gross Profit Margin = (7,221,652.00)

= -0.21 34,455,989.00

The ratio of 1.22 indicates that FJ Corporation has enough amount of current assets relative to current liabilities. 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.

Net Working Capital Ratio

It indicates that 89% FJ Corporation's current liabilities is satisfied with its most liquid assets. The company may still not be able to fully extinguish its current liabilities immediately using near cash nevertheless it has improved its ability to satisfy its current liabilities immediately by 21% this year. The

increase can be subjected to the great improvement in their ability to generate sale. The improvement in the number of days of inventory can be concluded that the company has increased its quick asset by having more trade receivables and cash payments from customers. this could arise also from decrease in current liabilities that is evident by improvement in the

receivable turnover which means the company receives more cash to pay its current onligations.

Because the company recorded a loss, the profit 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 low seling price

Operating Profit Margin = (14,208,796.00)

= -0.41 34,455,989.00

Net Profit Margin = (4,560,853.00)

= -0.13 34,455,989.00

Payable Turnover = 40,184,108.00

= 5.52 7,280,514.00

= 30,624,164.00 = 7.22 4,243,164.25

Inventory Turnover = 33,841,314.00

= 13.28 2,549,121.50

Total Asset Turnover = 34,455,989.00

= 2.31 14,888,949.00

It indicates that during 2012, FJ Corporation purchases on account and paid the suppliers 5.52 times. The ratio increased which means the company is

paying the supplier at a faster rate, this arise from the increase in receivable turnover, which means more cash is available for payment of debts.

Accounts Receivable Turnover

It indicates that during 2012, FJ Corporation purchases on account and paid the suppliers 7.22 times. It implies that FJ Corporation's extension of credit and collection of receivable is more efficient compared last year. However,

there is a big gap between the inventory turnover and the receivable turnover. Inventory turnover is twice the ratio of receivable turnover. Means

to say, it takes the compay to invest for two sets of goods to to be sold for the company to collect one.

It indicates that FJ Corporation's inventory comes and leaves 13.28 times in 2012. Increasing the inventory turnover is great because it reduces holding cost. The company spends less money on rent, utilities, insurance, theft and

other costs of maintaining stock of good to be sold.

Fixed Asset Turnover = 34,455,989.00

= 6.83 5,044,677.00

= 34,455,989.00

= 22.39 1,538,604.00

Total Debt to Asset Ratio = 36,870,203.00

= 2.48 14,888,949.00

= 31,701,431.00

= 2.13 14,888,949.00

Debt to Equity = 36,870,203.00

= -1.55 (23,758,080.00)

Sales to Owner's Equity = 34,455,989.00

= -1.45 (23,758,080.00)

= 2,376.00

= 0.00 -

= 9,498,993.00

= 0.00 -

Return on Total Asset = (4,560,853.00)

= -0.31 14,888,949.00

= (4,560,853.00)

= -0.13 34,000,000.00

Net Income to Equity = (4,560,853.00)

= 0.19

Working Capital Turnover

The 2.48 debt ratio indicates the percentage of company's asset that are provided by debt. The liability may have been decreased but the asset also

dreased that's why the debt ratio is increased in 2012

Long-term Debt to Asset Ratio

Time Interest coverage ratio

Fixed-charge coverage ratio

Return on Common Equity

Net Income to Equity = (23,758,080.00)

= 0.19