| Total liabilities and stockholders' equity | $1,000,000 | $1,300,000 | $1,894,000 | | | | | | Exhibit 3 | Selected Industry Ratios | | | 200X | 200Y | 200Z | | Growth in sales | ----- | 9.98% | 10.02% | | Profit margin | 5.75% | 5.80% | 5.81% | | Return on assets (investment) | 8.22% | 8.24% | 8.48% | | Return on equity | 3.26% | 13.62% | 14.16% | | Receivables turnover | 10x | 9.5x | 10.1x | | Average collection period | 36 days | 37.9 days | 35.6 days | | Inventory turnover | 5.71x | 5.62x | 5.84x | | Fixed asset turnover | 2.75x | 2.66x | 2.20x | | Total asset turnover | 1.43x | 1.42x | 1.46x | | Current ratio | 2.10x | 2.08x | 2.15x | | Quick ratio | 1.05x | 1.02x | 1.10x | | Debt to total assets | 38% | 39.5% | 40.1% | | Times interest earned | 5.00x | 5.20x | 5.26x | | Fixed charge coverage | 3.85x | 3.95x | 3.97x | | Growth in earnings per share | ----- | 9.7% | 9.8% | | |
Rubric: Watson Leisure Time Sporting Goods | | | 200X | 200Y | 200Z