Appendix XII
Balance Sheet Ratios: 1981 to 1991
Balance Sheet Ratios
|
|
1991 |
1990 |
1989 |
1988 |
1987 |
1986 |
1985 |
1984 |
1983 |
1982 |
1981 |
Sales/Fixed Assets |
(i) |
4.2 |
3.9 |
4.5 |
4.0 |
4.3 |
3.2 |
2.6 |
2.8 |
4.2 |
2.7 |
2.7 |
Current Ratio |
(ii) |
1.3 |
1.0 |
1.8 |
1.4 |
1.5 |
1.5 |
1.9 |
3.8 |
4.3 |
6.0 |
1.5 |
Quick Ratio |
(iii) |
0.8 |
0.7 |
1.4 |
1.2 |
1.3 |
1.2 |
1.4 |
3.2 |
3.8 |
4.0 |
1.3 |
Debtors Days |
(iv) |
19 |
11 |
25 |
16 |
21 |
18 |
24 |
19 |
19 |
15 |
129 |
Notes:
(i)Fixed assets are stated exclusive of the revaluation reserve created in 1989 for consistency purposes
(ii)Current Assets/Current Liabilities
(iii)Current Assets Less Stock/Current Liabilities
(iv)Debtors/Sales x 365
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