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HiCan someone please help me with this accountin
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<!DOCTYPE html PUBLIC "-//ABISOURCE//DTD XHTML plus AWML 2.2//EN" "http://www.abisource.com/2004/xhtml-awml/xhtml-awml.mod"><html xmlns="http://www.w3.org/1999/xhtml" xmlns:awml="http://www.abisource.com/2004/xhtml-awml/"> <head> </head> <body> <div> <p> <a name="_Toc234060772"> </a> </p> <table border="0" cellpadding="0" style="width:100%;border:1pt;border-collapse:collapse;empty-cells:show;table-layout:fixed;border-style:solid"> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit inherit #ffffff"> <p class="no_spacing" style="text-align:center" awml:style="No Spacing"> <span style="font-family:'Times New Roman'">Speedy deliveries Ltd</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit inherit #ffffff;border-bottom-width:0.50pt;border-bottom-style:solid;border-bottom-color:#4f81bd"> <p class="no_spacing" style="text-align:center" awml:style="No Spacing"> <span style="font-weight:bold;font-size:28pt;font-family:'Times New Roman'">Report on Financial Performance</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit inherit #ffffff;border-top-width:0.50pt;border-top-style:solid;border-top-color:#4f81bd"> <p class="no_spacing" style="text-align:center" awml:style="No Spacing"> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit inherit #ffffff"> <p class="no_spacing" style="text-align:center" awml:style="No Spacing"> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit inherit #ffffff"> <p class="no_spacing" style="text-align:center" awml:style="No Spacing"> <span style="font-weight:bold;font-family:'Times New Roman'">Type in your name</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit inherit #ffffff"> <p class="no_spacing" style="text-align:center" awml:style="No Spacing"> <span style="font-weight:bold;font-family:'Times New Roman'">[Pick the date]</span> </p> </td> </tr> </table> <p> </p> <p> </p> <p> </p> <p style="text-align:left"> <span style="font-weight:bold;text-decoration:underline"></span> </p> <p style="text-align:center"> </p> <p style="text-align:center"> <span style="font-weight:bold;text-decoration:underline">Table of Contents</span> </p> <span></span><span style="font-weight:bold">Introduction and background</span><span></span><span>Statement of purpose</span><span style="font-weight:bold;font-style:italic"></span><span></span><span style="font-weight:bold">Analysis of financial performance</span> <ol awml:style="List Paragraph"> <li> <span></span><span>Liquidity and profitability ratios</span> </li> <li> <span></span><span>Efficiency / turnover ratios</span> </li> <li> <span></span><span>Financial gearing and leverage ratios</span><span></span><span style="font-weight:bold">Findings and recommendations</span> <ol awml:style="List Paragraph"> <li> <span></span><span>Key issues requiring attention</span> </li> <li> <span></span><span>Proposed remedial measures</span><span></span><span style="font-weight:bold">References</span><span></span><span style="font-weight:bold">Appendices</span> <ol awml:style="List Paragraph"> <li> <span></span><span>Ratio analysis</span> </li> <li> <span></span><span>Ratio workings</span> </li> </ol> </li> </ol> </li> </ol> <p class="list_paragraph" style="margin-bottom:10.000000pt;margin-left:18.000000pt" awml:style="List Paragraph"> </p> <p class="list_paragraph" style="margin-bottom:10.000000pt;margin-left:18.000000pt" awml:style="List Paragraph"> </p> <p class="list_paragraph" style="margin-bottom:10.000000pt;margin-left:18.000000pt" awml:style="List Paragraph"> </p> <p class="list_paragraph" style="margin-bottom:10.000000pt;margin-left:18.000000pt" awml:style="List Paragraph"> </p> <p class="list_paragraph" style="margin-bottom:10.000000pt;margin-left:18.000000pt" awml:style="List Paragraph"> </p> <p class="list_paragraph" style="margin-bottom:10.000000pt;margin-left:18.000000pt" awml:style="List Paragraph"> </p> <p class="list_paragraph" style="margin-bottom:10.000000pt;margin-left:18.000000pt" awml:style="List Paragraph"> </p> <p class="list_paragraph" style="margin-bottom:10.000000pt;margin-left:18.000000pt" awml:style="List Paragraph"> </p> <p class="list_paragraph" style="margin-bottom:10.000000pt;margin-left:18.000000pt" awml:style="List Paragraph"> </p> <p class="list_paragraph" style="margin-bottom:10.000000pt;margin-left:18.000000pt" awml:style="List Paragraph"> </p> <p class="list_paragraph" style="margin-bottom:10.000000pt;margin-left:18.000000pt" awml:style="List Paragraph"> </p> <p class="list_paragraph" style="margin-bottom:10.000000pt;margin-left:18.000000pt" awml:style="List Paragraph"> </p> <p style="margin-bottom:10.000000pt"> </p> <p style="margin-bottom:10.000000pt"> </p> <p style="margin-bottom:10.000000pt"> </p> <p style="margin-bottom:10.000000pt"> </p> <p style="margin-bottom:10.000000pt"> </p> <span></span><span style="font-weight:bold">Introduction and background</span><span></span><span style="font-weight:bold"></span><span>The report aims to assess the financial performance of Speedy Deliveries Ltd by;</span><span></span><span>Computing and analyzing various financial ratios to determine how the corporate measures of profitability, liquidity, efficiency and solvency have changed over the past year and whether the company is performing better or worse as compared with industry and competitors.</span><span></span><span>Evaluating leverage and capital structure to make judgments regarding company’s ability to repay its financing costs and generate sufficient profits for investors.</span><span></span><span>Determining what aspects of financial performance are critical for the company to successfully compete in the industry and how the company has performed relative to those critical performance measures.</span><span></span><span></span><span></span><span style="font-weight:bold">Analysis of financial performance</span><span></span><span style="font-weight:bold">Liquidity and profitability ratios</span> <table border="0" cellpadding="0" style="width:100%;border:1pt;border-collapse:collapse;empty-cells:show;table-layout:fixed;border-style:solid"> <tr> <td rowspan="2" colspan="" style="padding: 0.00pt;border:inherit solid inherit;border-top-width:0.50pt;border-bottom-style:inherit;border-bottom-color:#ffffff"> <p> <span style="font-style:italic;font-size:11pt;color:#000000">Particulars</span> </p> </td> <td rowspan="" colspan="2" style="padding: 0.00pt;border:inherit solid inherit;border-top-width:0.50pt;border-bottom-width:0.50pt"> <p style="text-align:center"> <span style="font-weight:bold;font-style:italic;font-size:11pt;color:#000000">Speedy Deliveries</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit solid inherit;border-top-width:0.50pt;border-bottom-width:0.50pt"> <p style="text-align:center"> <span style="font-weight:bold;font-style:italic;font-size:11pt;color:#000000">Industry Average</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit solid inherit;border-top-width:0.50pt;border-bottom-style:inherit;border-bottom-color:#ffffff"> <p style="text-align:center"> <span style="font-weight:bold;color:#000000">2016</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit solid inherit;border-top-width:0.50pt;border-bottom-style:inherit;border-bottom-color:#ffffff"> <p style="text-align:center"> <span style="font-weight:bold;color:#000000">2015</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit solid inherit;border-top-width:0.50pt;border-bottom-style:inherit;border-bottom-color:#ffffff"> <p style="text-align:center"> <span style="font-weight:bold;color:#000000">2016</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit solid inherit;border-top-width:0.50pt;border-bottom-style:inherit;border-bottom-color:#ffffff"> <p> <span style="color:#000000">Current ratio (Times)</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit solid inherit;border-top-width:0.50pt;border-bottom-style:inherit;border-bottom-color:#ffffff"> <p style="text-align:center"> <span style="color:#000000">2.90</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit solid inherit;border-top-width:0.50pt;border-bottom-style:inherit;border-bottom-color:#ffffff"> <p style="text-align:center"> <span style="color:#000000">1.50</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit solid inherit;border-top-width:0.50pt;border-bottom-style:inherit;border-bottom-color:#ffffff"> <p style="text-align:center"> <span style="color:#000000">1.40</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit solid inherit;border-bottom-width:0.50pt"> <p> <span style="color:#000000">Quick ratio (Times)</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit solid inherit;border-bottom-width:0.50pt"> <p style="text-align:center"> <span style="color:#000000">2.10</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit solid inherit;border-bottom-width:0.50pt"> <p style="text-align:center"> <span style="color:#000000">0.80</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit solid inherit;border-bottom-width:0.50pt"> <p style="text-align:center"> <span style="color:#000000">0.65</span> </p> </td> </tr> </table> <p style="text-align:left;margin-bottom:10.000000pt;margin-top:12.000000pt"> <span style="font-style:italic"></span><span>Current ratio measures how much of current liabilities are covered by current assets i.e., Speedy Deliveries Ltd has a cover $2.90 against each $1 of the current liabilities payable for FY2016.</span><span style="font-style:italic">Current ratio</span><span> of the company almost doubled over the year, rising to 2.90 from 1.50 in 2015, an increase of almost 93% on year to year basis.</span> </p> <p style="text-XXXXX:left;margin-XXXXXX:XX.XXXXXXXX;XXXXXX-top:XX.XXXXXXXX"> </p> <p style="text-align:XXXX;margin-bottom:10.000000pt;margin-XXX:12.000000pt"> <span>XXX</span><span style="XXXX-style:XXXXXX">quick ratio</span><span></span></p> <p style="XXXX-align:XXXX;margin-bottom:XX.XXXXXXXX;XXXXXX-top:XX.XXXXXXXX"> </p> <p style="XXXX-XXXXX:left;margin-bottom:10.000000pt;margin-top:12.XXXXXXXX"> </p> <p style="text-align:XXXX;XXXXXX-XXXXXX:XX.000000pt;XXXXXX-top:XX.XXXXXXXX"> </p> <p style="text-XXXXX:left;XXXXXX-bottom:XX.000000pt;XXXXXX-top:12.XXXXXXXX"> </p> <p style="XXXX-align:XXXX;XXXXXX-bottom:XX.XXXXXXXX;XXXXXX-XXX:12.000000pt"> <span style="XXXX-style:XXXXXX">Net profit margin</span><span></span></p> <p style="text-align:left;margin-bottom:10.XXXXXXXX;XXXXXX-XXX:12.000000pt"> <span>Overall, both XXXXXXX XXX XXXXX ratios XXX XXXX above the industry average XXX show XXXXXX XXXXXX over XXX previous XXXX as compared to Fast-Go Ltd. Therefore, it XXX XX XXXXXXXXX XXXX the short-XXXX XXXXXXXXX XXXXXXXX of Speedy Deliveries is more XXXX satisfactory XXX XXXXXXX XXXXXXXXX management of working capital finances. However, if receivables have XXXX XXXXXXX of conversion as XXXXXXXX XXXX accounts XXXXXXXX, it XXX XXXXX XXXXX-XXXX liquidity XXXXXXXX. As a result, financing XXXXX XXXX increase XXX XXXXXXXXXX hurts XXX net XXXXXXXXXXXXX.</span> </p> <span></span><span style="font-XXXXXX:XXXX">Efficiency / XXXXXXXX XXXXXX</span> <table border="X" cellpadding="X" style="width:100%;border:1pt;border-collapse:collapse;empty-cells:show;table-layout:fixed;border-style:solid"> <tr> <td rowspan="2" colspan="" style="padding: 0.00pt;border:inherit solid inherit;border-XXX-width:0.XXXX;border-XXXXXX-style:inherit;border-bottom-color:#XXXXXX"> <p> <span style="font-style:italic;font-size:XXXX;XXXXX:#000000">Particulars</span> </p> </td> <td rowspan="" colspan="X" style="padding: X.XXXX;border:inherit solid inherit;border-XXX-width:0.XXXX;border-XXXXXX-width:X.XXXX"> <p style="text-XXXXX:center"> <span style="font-weight:bold;XXXX-style:italic;font-XXXX:XXXX;XXXXX:#000000">Speedy XXXXXXXXXX</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit solid inherit;border-XXX-width:X.XXXX;border-bottom-width:X.50pt"> <p style="XXXX-align:XXXXXX"> <span style="XXXX-XXXXXX:XXXX;font-style:XXXXXX;font-size:XXXX;color:#000000">XXXXXXXX Average</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: X.00pt;border:inherit solid inherit;border-XXX-width:X.XXXX;border-bottom-style:inherit;border-XXXXXX-XXXXX:#XXXXXX"> <p style="text-align:XXXXXX"> <span style="XXXX-XXXXXX:XXXX;color:#000000">2016</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.XXXX;border:inherit solid inherit;border-top-width:X.XXXX;border-XXXXXX-style:inherit;border-bottom-XXXXX:#XXXXXX"> <p style="XXXX-align:XXXXXX"> <span style="XXXX-XXXXXX:XXXX;XXXXX:#XXXXXX">XXXX</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit solid inherit;border-XXX-width:X.XXXX;border-bottom-style:inherit;border-XXXXXX-XXXXX:#ffffff"> <p style="text-align:XXXXXX"> <span style="XXXX-XXXXXX:bold;XXXXX:#000000">2016</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: X.XXXX;border:inherit solid inherit;border-top-width:0.XXXX;border-XXXXXX-style:inherit;border-XXXXXX-XXXXX:#XXXXXX"> <p> <span style="color:#000000">XXXXXXXX receivable XXXXXXXX (Times)</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.XXXX;border:inherit solid inherit;border-top-width:0.50pt;border-XXXXXX-style:inherit;border-bottom-color:#XXXXXX"> <p style="text-XXXXX:center"> <span style="color:#XXXXXX">11</span> </p> </td> <td rowspan="" colspan="" style="padding: X.00pt;border:inherit solid inherit;border-top-width:0.50pt;border-XXXXXX-style:inherit;border-bottom-color:#ffffff"> <p style="XXXX-XXXXX:center"> <span style="color:#000000">09</span> </p> </td> <td rowspan="" colspan="" style="padding: X.XXXX;border:inherit solid inherit;border-XXX-width:X.XXXX;border-XXXXXX-style:inherit;border-bottom-XXXXX:#XXXXXX"> <p style="XXXX-align:center"> <span style="color:#XXXXXX">20</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: X.XXXX;border:inherit solid inherit;border-bottom-width:X.50pt"> <p> <span style="color:#XXXXXX">XXXXXXXXXX XXXXXXXXXX XXXXXX (Days)</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit solid inherit;border-XXXXXX-width:0.XXXX"> <p style="text-align:XXXXXX"> <span style="XXXXX:#XXXXXX">33</span> </p> </td> <td rowspan="" colspan="" style="padding: X.XXXX;border:inherit solid inherit;border-bottom-width:X.XXXX"> <p style="text-XXXXX:center"> <span style="color:#XXXXXX">XX</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.XXXX;border:inherit solid inherit;border-bottom-width:0.50pt"> <p style="text-XXXXX:XXXXXX"> <span style="XXXXX:#000000">18.XX</span> </p> </td> </tr> </table> <p style="text-XXXXX:XXXX;margin-XXX:12.XXXXXXXX"> <span>XXXXXXXXXX turnover XX a useful measure to XXXXXXXXX the XXXXXXXXXXX XX company’s XXXXXX control XXXXXXXX and XXX XXXXXXX to generate XXXXXXXXXX XXX timely XXXX XXXXX from XXXXXXX so as to settle XXX creditors, XXX for XXXXXXXXX costs, interest XXX XXXXX current liabilities. Turnover XXX Speedy XXXXXXXXXX XXXXXXXX XX 2 XXXXX or XX% (XX / X) over the XXXX year, XXXXXXXXX XXXXXX XX the increase XX 16% ($5.XX million / $4.95 million) in sales revenue. Collection period XXX reduced XX 8 days (41 – XX), XXXXX XX in accordance with the XXXXXXXX in XXXXXXXX XXXXX. XXXXXXX in XXXXXXXXXX XXXXXX XXXXX be XXX XX the XXXXXXX XX significant XXXXXXXXXXX in quick ratio (XX XXXXX in XXXXXXXXX XXXXXXXX XXXXX).</span> </p> <p style="XXXX-align:left;margin-top:XX.XXXXXXXX"> <span>XXXXXXX, XXXXXXXXXXX XXXXXXXX XXX average XXXXXXXXXX XXXXXX are considerably XXXXX the industry average and XXXX-XX Ltd which XX not a XXXX sign i.e., XXXXX credit XXXXXX. XXXX collection XXXXXXX are XXXXXXX XXXXXXXXX funds XXXXX tied XX in receivables XXX XXXXXXXXXX XXXXXXX XXXX liquidity XXXXXXXX. X similar XXXXXXXXXXXXXX is applicable XXXX i.e., costs of XXXXXXXX receivables XXXX increase financing costs XXX XXXXXXXXX XXX investor’s rate XX XXXXXX.</span> </p> <p style="XXXX-align:left;margin-top:XX.000000pt"> </p> <p style="text-align:XXXX;XXXXXX-top:XX.000000pt"> </p> <p style="text-align:XXXX;XXXXXX-XXX:12.000000pt"> </p> <span></span><span style="XXXX-XXXXXX:bold">XXXXXXXXX XXXXXXX XXX XXXXXXXX ratios</span> <table border="0" cellpadding="X" style="width:XXX%;border:XXX;border-collapse:collapse;empty-cells:show;table-layout:fixed;border-style:solid"> <tr> <td rowspan="X" colspan="" style="padding: X.XXXX;border:inherit solid inherit;border-XXX-width:0.XXXX;border-bottom-style:inherit;border-XXXXXX-color:#ffffff"> <p> <span style="XXXX-style:italic;font-XXXX:11pt;XXXXX:#XXXXXX">Particulars</span> </p> </td> <td rowspan="" colspan="2" style="padding: 0.00pt;border:inherit solid inherit;border-top-width:X.XXXX;border-XXXXXX-width:0.50pt"> <p style="text-align:XXXXXX"> <span style="XXXX-XXXXXX:XXXX;font-style:XXXXXX;font-size:XXXX;color:#000000">XXXXXX Deliveries</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit solid inherit;border-XXX-width:X.50pt;border-bottom-width:X.50pt"> <p style="text-align:XXXXXX"> <span style="XXXX-XXXXXX:bold;font-style:XXXXXX;XXXX-size:XXXX;color:#XXXXXX">XXXXXXXX Average</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: X.00pt;border:inherit solid inherit;border-top-width:X.XXXX;border-bottom-style:inherit;border-XXXXXX-XXXXX:#ffffff"> <p style="XXXX-align:XXXXXX"> <span style="font-XXXXXX:XXXX;color:#000000">2016</span> </p> </td> <td rowspan="" colspan="" style="padding: X.XXXX;border:inherit solid inherit;border-XXX-width:0.XXXX;border-XXXXXX-style:inherit;border-XXXXXX-XXXXX:#XXXXXX"> <p style="text-XXXXX:XXXXXX"> <span style="font-XXXXXX:bold;XXXXX:#XXXXXX">XXXX</span> </p> </td> <td rowspan="" colspan="" style="padding: X.XXXX;border:inherit solid inherit;border-XXX-width:0.50pt;border-bottom-style:inherit;border-bottom-color:#XXXXXX"> <p style="XXXX-align:XXXXXX"> <span style="XXXX-XXXXXX:bold;color:#000000">XXXX</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.XXXX;border:inherit solid inherit;border-top-width:X.XXXX;border-bottom-style:inherit;border-XXXXXX-color:#ffffff"> <p> <span style="XXXXX:#XXXXXX">XXXX Ratio (%)</span> </p> </td> <td rowspan="" colspan="" style="padding: X.00pt;border:inherit solid inherit;border-XXX-width:X.XXXX;border-bottom-style:inherit;border-XXXXXX-color:#XXXXXX"> <p style="text-align:XXXXXX"> <span style="color:#000000">65%</span> </p> </td> <td rowspan="" colspan="" style="padding: X.XXXX;border:inherit solid inherit;border-top-width:X.50pt;border-XXXXXX-style:inherit;border-bottom-color:#ffffff"> <p style="XXXX-align:XXXXXX"> <span style="XXXXX:#000000">39%</span> </p> </td> <td rowspan="" colspan="" style="padding: X.XXXX;border:inherit solid inherit;border-XXX-width:X.XXXX;border-bottom-style:inherit;border-XXXXXX-XXXXX:#XXXXXX"> <p style="text-XXXXX:center"> <span style="XXXXX:#000000">XX%</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.XXXX;border:inherit solid inherit;border-bottom-width:X.50pt"> <p> <span style="XXXXX:#000000">Interest XXXXXXXX (XXXXX)</span> </p> </td> <td rowspan="" colspan="" style="padding: X.XXXX;border:inherit solid inherit;border-bottom-width:0.XXXX"> <p style="XXXX-align:center"> <span style="XXXXX:#000000">09</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit solid inherit;border-bottom-width:X.50pt"> <p style="XXXX-XXXXX:center"> <span style="color:#XXXXXX">XX</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.XXXX;border:inherit solid inherit;border-XXXXXX-width:0.50pt"> <p style="text-XXXXX:XXXXXX"> <span style="XXXXX:#000000">XX</span> </p> </td> </tr> </table> <p style="text-align:left;margin-XXXXXX:10.XXXXXXXX;XXXXXX-top:XX.000000pt"> <span></span></p> <p style="XXXX-align:XXXX;margin-XXXXXX:XX.000000pt;XXXXXX-XXX:XX.XXXXXXXX"> <span>Overall, XXXX ratio XX XXXXX and XXXXXXXX XXXXXXXX is weak as XXXXXXXX XXXX the XXXXXXXX averages. The XXXXXXX also XXXXXXXXXXXXX relative to XXXX-Go XXX’s debt ratio of XX%. XXXXXXXXX usually XXXXXXXX their risk XXXXXXX on XXXXXXXXXX for XXXXXXXXX that are highly debt XXXXXXXX. As a result, the XXXX XX capital will increase in the long-XXX, XXXXXX XXXXXXX’s XXX XXXXX XX decline XXX adversely impact XXX stock XXXXX.</span><span style="XXXX-style:italic">(XXX Horne, Financial XXXXXXXXXX XXX XXXXXX)</span> </p> <span></span><span style="font-weight:XXXX"></span><span></span><span style="font-XXXXXX:XXXX"></span><span></span><span>XXXX though liquidity is comparatively XXXXXX, XXX measures XX XXXXXXXXXX XXX XXXXXXXXXX affecting the XXXXXXXXXXX i.e., receivable turnover XXX collection XXXXXX XXX XXXXXX Deliveries are XXXXX the industry XXXXXXX</span><span></span><span>Gearing measures XXXXX high volatility. XXXXXXXX coverage XXX debt XXXXX is XXXX XX XXXXXXXX to industry XXXXXXX XXX Fast-XX. XX investors XXXXXX XXX XXXXXXX’s XXXXXXX XX XXXXXX solvent (given XXXX risk), XXXX would XX unwilling to invest and may XXXXXXXX XXXXX XXXXXXXX.</span> <p XXXXX="XXXXXXXXXXXXXX" style="XXXXXX-XXXXXX:XX.XXXXXXXX;margin-XXXX:XX.XXXXXXXX" awml:style="XXXX Paragraph"> </p> <p style="XXXXXX-XXXXXX:10.XXXXXXXX"> </p> <span></span><span>Net profit XXXXXXX are consistent XXXXXXX a XXXXXXXXXXX XXXXXXXX in XXXXX XXXXXXX. This could be XXX to XXX XXXXXXXX in XXXXXXXX XXXXXXXX on additional debt XXXXX or the control on fixed costs XX poor.</span> <p class="list_paragraph" style="margin-bottom:XX.000000pt;margin-left:XX.000000pt" awml:style="List XXXXXXXXX"> </p> <span></span><span style="font-weight:bold">XXXXXXXX remedial measures</span><span></span><span></span><span></span><span></span><span></span><span>XXXXXXX fixed XXXXX through XXXXXXXXXX XXXXXXXX, monitoring and reporting XX XXXXXXXXX and other XXXXXXXX XXXXXX towards cost XXXXXXX such as XXXXXXXXXXX XXX Just In XXXX (XXX) XXXXXXXX XXXXXXX.</span> <p XXXXX="list_paragraph" style="margin-bottom:XX.XXXXXXXX;margin-XXXX:XX.XXXXXXXX" awml:style="List XXXXXXXXX"> </p> <p XXXXX="XXXXXXXXXXXXXX" style="margin-XXXXXX:XX.000000pt;margin-XXXX:18.XXXXXXXX" awml:style="XXXX XXXXXXXXX"> </p> <p XXXXX="XXXXXXXXXXXXXX" style="margin-bottom:10.XXXXXXXX;margin-XXXX:18.XXXXXXXX" awml:style="XXXX Paragraph"> </p> <p XXXXX="XXXXXXXXXXXXXX" style="XXXXXX-bottom:10.XXXXXXXX;XXXXXX-XXXX:18.XXXXXXXX" awml:style="XXXX Paragraph"> </p> <p XXXXX="list_paragraph" style="margin-XXXXXX:10.XXXXXXXX;XXXXXX-XXXX:18.XXXXXXXX" awml:style="XXXX XXXXXXXXX"> </p> <p class="XXXXXXXXXXXXXX" style="margin-bottom:XX.XXXXXXXX;margin-XXXX:XX.XXXXXXXX" awml:style="List Paragraph"> </p> <p XXXXX="XXXXXXXXXXXXXX" style="margin-bottom:10.XXXXXXXX;XXXXXX-XXXX:18.XXXXXXXX" awml:style="XXXX Paragraph"> </p> <p XXXXX="XXXXXXXXXXXXXX" style="XXXXXX-bottom:10.XXXXXXXX;margin-XXXX:XX.000000pt" awml:style="List XXXXXXXXX"> </p> <p XXXXX="XXXXXXXXXXXXXX" style="margin-bottom:10.XXXXXXXX;margin-left:18.XXXXXXXX" awml:style="XXXX Paragraph"> </p> <p XXXXX="list_paragraph" style="XXXXXX-bottom:XX.000000pt;XXXXXX-left:18.XXXXXXXX" awml:style="List Paragraph"> </p> <p XXXXX="list_paragraph" style="XXXXXX-bottom:XX.XXXXXXXX;margin-XXXX:XX.XXXXXXXX" awml:style="List XXXXXXXXX"> </p> <p XXXXX="XXXXXXXXXXXXXX" style="XXXXXX-bottom:XX.000000pt;margin-XXXX:18.XXXXXXXX" awml:style="XXXX XXXXXXXXX"> </p> <p class="XXXXXXXXXXXXXX" style="margin-XXXXXX:10.XXXXXXXX;XXXXXX-XXXX:XX.XXXXXXXX" awml:style="List XXXXXXXXX"> </p> <p class="XXXXXXXXXXXXXX" style="XXXXXX-XXXXXX:XX.000000pt;margin-left:XX.000000pt" awml:style="XXXX XXXXXXXXX"> </p> <p class="XXXXXXXXXXXXXX" style="XXXXXX-bottom:XX.XXXXXXXX;XXXXXX-left:18.XXXXXXXX" awml:style="List Paragraph"> </p> <p XXXXX="list_paragraph" style="margin-XXXXXX:10.XXXXXXXX;XXXXXX-left:18.XXXXXXXX" awml:style="XXXX XXXXXXXXX"> </p> <p XXXXX="list_paragraph" style="margin-bottom:10.XXXXXXXX;margin-XXXX:18.000000pt" awml:style="XXXX XXXXXXXXX"> </p> <p XXXXX="list_paragraph" style="XXXXXX-bottom:XX.XXXXXXXX;margin-XXXX:XX.000000pt" awml:style="XXXX Paragraph"> </p> <p XXXXX="list_paragraph" style="XXXXXX-XXXXXX:XX.XXXXXXXX;margin-left:XX.000000pt" awml:style="List XXXXXXXXX"> </p> <p class="XXXXXXXXXXXXXX" style="margin-XXXXXX:XX.000000pt;margin-XXXX:18.XXXXXXXX" awml:style="List XXXXXXXXX"> </p> <p class="list_paragraph" style="margin-XXXXXX:XX.000000pt;XXXXXX-left:XX.000000pt" awml:style="List Paragraph"> </p> <p XXXXX="XXXXXXXXXXXXXX" style="XXXXXX-bottom:XX.XXXXXXXX;XXXXXX-left:18.000000pt" awml:style="List Paragraph"> </p> <p class="XXXXXXXXXXXXXX" style="margin-XXXXXX:XX.000000pt;XXXXXX-XXXX:18.000000pt" awml:style="List Paragraph"> </p> <p XXXXX="list_paragraph" style="margin-XXXXXX:XX.XXXXXXXX;margin-left:18.XXXXXXXX" awml:style="XXXX Paragraph"> </p> <p XXXXX="XXXXXXXXXXXXXX" style="XXXXXX-XXXXXX:10.000000pt;margin-XXXX:XX.000000pt" awml:style="List Paragraph"> </p> <p XXXXX="list_paragraph" style="margin-XXXXXX:10.XXXXXXXX;XXXXXX-XXXX:XX.000000pt" awml:style="List Paragraph"> </p> <p style="margin-XXXXXX:XX.XXXXXXXX"> </p> <span></span><span style="font-weight:bold">References</span><span></span><span style="XXXX-style:italic">XXXXXXXX XX financial statements, Thomas R. Robinson, XXXX XXXXX &XXX; XXXX Publishing</span><span></span><span style="XXXX-style:italic">Financial XXXXXXXXXX, Theory XXX XXXXXXXX, Michael X., Eugene X,XX</span><span style="XXXX-style:italic;XXXXXXXX-align:XXXXX">th</span><span style="font-style:italic"> XX., Cengage publishing</span><span></span><span style="font-style:XXXXXX">Harrington, XXXXX X. XXXXXXXXX Financial Analysis in a Global Environment, 7th ed. XXXXX, OH: South-Western, XXXX</span><span></span><span style="font-style:italic">XXXXXXXXX management XXX XXXXXX, Van XXXXX, 12</span><span style="XXXX-style:italic;vertical-XXXXX:XXXXX">th</span><span style="font-style:XXXXXX"> Ed., Prentic hall, XXXXX XXXXXX XXXXX</span><span></span><span style="XXXX-style:XXXXXX">XXXXXXXXXXXX XX financial XXXXXXXXXX, Brigham &XXX; Houston, XX</span><span style="font-style:XXXXXX;XXXXXXXX-align:XXXXX">th</span><span style="XXXX-style:italic"> Ed., XXXXXXX XXXXXXXXXX</span> <p XXXXX="XXXXXXXXXXXXXX" style="margin-bottom:10.000000pt;margin-left:18.XXXXXXXX" awml:style="List XXXXXXXXX"> </p> <p class="list_paragraph" style="margin-bottom:10.XXXXXXXX;margin-left:18.XXXXXXXX" awml:style="XXXX XXXXXXXXX"> </p> <p XXXXX="list_paragraph" style="margin-XXXXXX:10.XXXXXXXX;XXXXXX-XXXX:18.000000pt" awml:style="XXXX XXXXXXXXX"> </p> <p XXXXX="list_paragraph" style="XXXXXX-bottom:10.000000pt;margin-left:XX.000000pt" awml:style="XXXX Paragraph"> </p> <p class="list_paragraph" style="margin-XXXXXX:XX.XXXXXXXX;XXXXXX-XXXX:XX.XXXXXXXX" awml:style="List XXXXXXXXX"> </p> <p class="list_paragraph" style="margin-bottom:XX.000000pt;margin-left:18.XXXXXXXX" awml:style="List Paragraph"> </p> <p XXXXX="list_paragraph" style="XXXXXX-XXXXXX:XX.000000pt;XXXXXX-left:18.XXXXXXXX" awml:style="XXXX XXXXXXXXX"> </p> <p class="list_paragraph" style="margin-bottom:10.000000pt;margin-left:18.000000pt" awml:style="XXXX Paragraph"> </p> <p XXXXX="XXXXXXXXXXXXXX" style="margin-XXXXXX:XX.XXXXXXXX;margin-XXXX:18.XXXXXXXX" awml:style="XXXX XXXXXXXXX"> </p> <p class="XXXXXXXXXXXXXX" style="XXXXXX-XXXXXX:XX.XXXXXXXX;margin-XXXX:18.XXXXXXXX" awml:style="List XXXXXXXXX"> </p> <p XXXXX="XXXXXXXXXXXXXX" style="XXXXXX-bottom:10.XXXXXXXX;XXXXXX-left:18.000000pt" awml:style="List XXXXXXXXX"> </p> <p XXXXX="list_paragraph" style="margin-XXXXXX:10.000000pt;margin-left:XX.000000pt" awml:style="XXXX XXXXXXXXX"> </p> <p class="XXXXXXXXXXXXXX" style="XXXXXX-bottom:10.XXXXXXXX;XXXXXX-XXXX:XX.XXXXXXXX" awml:style="List Paragraph"> </p> <p class="list_paragraph" style="XXXXXX-bottom:XX.XXXXXXXX;XXXXXX-XXXX:18.000000pt" awml:style="XXXX XXXXXXXXX"> </p> <p XXXXX="list_paragraph" style="margin-XXXXXX:10.XXXXXXXX;margin-XXXX:XX.XXXXXXXX" awml:style="XXXX Paragraph"> </p> <p class="list_paragraph" style="margin-bottom:10.XXXXXXXX;XXXXXX-left:XX.XXXXXXXX" awml:style="XXXX Paragraph"> </p> <p XXXXX="list_paragraph" style="XXXXXX-XXXXXX:XX.000000pt;margin-left:XX.000000pt" awml:style="List XXXXXXXXX"> </p> <p XXXXX="XXXXXXXXXXXXXX" style="XXXXXX-XXXXXX:XX.000000pt;margin-left:XX.000000pt" awml:style="List Paragraph"> </p> <p class="XXXXXXXXXXXXXX" style="margin-bottom:XX.000000pt;margin-left:XX.000000pt" awml:style="XXXX XXXXXXXXX"> </p> <p XXXXX="list_paragraph" style="margin-bottom:XX.000000pt;XXXXXX-left:18.000000pt" awml:style="XXXX XXXXXXXXX"> </p> <p class="XXXXXXXXXXXXXX" style="XXXXXX-bottom:10.XXXXXXXX;XXXXXX-XXXX:XX.000000pt" awml:style="List Paragraph"> </p> <p XXXXX="XXXXXXXXXXXXXX" style="margin-XXXXXX:XX.000000pt;margin-left:XX.000000pt" awml:style="XXXX XXXXXXXXX"> </p> <p> </p> <p> </p> <p> </p> <span></span><span style="font-weight:XXXX"></span><span></span><span style="font-weight:bold;XXXX-decoration:XXXXXXXXX">Ratio XXXXXXXX</span> <p XXXXX="list_paragraph" style="XXXX-align:XXXXXXX;margin-XXXXXX:6.000000pt" awml:style="List XXXXXXXXX"> </p> <table border="0" cellpadding="0" style="width:XXX%;border:0.50pt solid;border-collapse:collapse;empty-cells:show;table-layout:fixed"> <tr> <td rowspan="" colspan="" style="padding: X.XXXX;XXXXXXXXXX-XXXXX:#f2f2f2;border:X.XXXX solid inherit;border-left-width:X.XXXX;border-XXX-width:1.50pt"> <p style="XXXXXX-XXXXXX:X.XXXXXXXX"> </p> </td> <td rowspan="" colspan="3" style="padding: 0.00pt;background-XXXXX:#f2f2f2;border:X.50pt solid inherit;border-XXXX-width:X.50pt;border-bottom-width:X.XXXX"> <p style="XXXX-align:center;XXXXXX-XXXXXX:3.XXXXXXXX"> <span style="font-XXXXXX:bold">Speedy Deliveries Ltd</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:X.XXXX solid inherit;border-XXXX-width:1.50pt"> <p> </p> </td> <td rowspan="" colspan="" style="padding: X.00pt;border:X.XXXX solid inherit"> <p> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit"> <p style="text-align:XXXXXX"> <span style="font-weight:bold">XXXX</span> </p> </td> <td rowspan="" colspan="" style="padding: X.00pt;border:X.50pt solid inherit;border-right-width:X.XXXX"> <p style="text-align:XXXXXX"> <span style="font-weight:XXXX">2015</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: X.00pt;border:X.XXXX solid inherit;border-left-width:X.XXXX"> <p style="XXXXXX-bottom:3.XXXXXXXX"> </p> </td> <td rowspan="" colspan="" style="padding: X.XXXX;border:X.XXXX solid inherit"> <p style="text-align:left;margin-bottom:X.000000pt"> <span style="XXXX-weight:XXXX">XXXXXXXX Receivable Turnover</span> </p> </td> <td rowspan="" colspan="" style="padding: X.00pt;border:0.XXXX solid inherit"> <p style="text-align:XXXXXX;margin-bottom:X.000000pt"> <span>11 XXXXX</span><span style="font-style:italic">(X-1)</span> </p> </td> <td rowspan="" colspan="" style="padding: X.XXXX;border:0.50pt solid inherit;border-right-width:X.50pt"> <p style="text-align:center;XXXXXX-XXXXXX:X.000000pt"> <span>XX XXXXX</span><span style="font-style:XXXXXX">(W-X)</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: X.XXXX;border:X.XXXX solid inherit;border-XXXX-width:1.50pt;border-XXXXXX-width:X.XXXX"> <p style="XXXXXX-XXXXXX:X.XXXXXXXX"> </p> </td> <td rowspan="" colspan="" style="padding: X.XXXX;border:X.XXXX solid inherit;border-XXXXXX-width:X.XXXX"> <p style="XXXX-XXXXX:left;XXXXXX-bottom:X.000000pt"> <span style="XXXX-XXXXXX:XXXX">XXXXXX of Days in XXXXXXXXXX XXXXXX</span> </p> </td> <td rowspan="" colspan="" style="padding: X.XXXX;border:X.50pt solid inherit;border-bottom-width:1.50pt"> <p style="text-XXXXX:XXXXXX;XXXXXX-bottom:X.XXXXXXXX"> <span>XX XXXX</span><span style="XXXX-style:italic">(W-2)</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.XXXX;border:1.XXXX solid inherit;border-left-width:0.XXXX;border-top-width:0.XXXX"> <p style="XXXX-align:center;margin-bottom:3.000000pt"> <span>XX Days</span><span style="XXXX-style:XXXXXX">(W-2)</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:X.50pt solid inherit;border-left-width:1.XXXX;border-bottom-width:X.50pt"> <p style="XXXXXX-bottom:X.000000pt"> </p> </td> <td rowspan="" colspan="" style="padding: X.XXXX;border:X.XXXX solid inherit;border-bottom-width:1.XXXX"> <p style="text-align:XXXX;XXXXXX-XXXXXX:X.XXXXXXXX"> <span style="font-XXXXXX:bold">Net profit margin</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:X.50pt solid inherit;border-XXXXXX-width:1.XXXX"> <p style="text-XXXXX:center;margin-bottom:3.XXXXXXXX"> <span>XX%</span><span style="font-style:XXXXXX">(X-X)</span> </p> </td> <td rowspan="" colspan="" style="padding: X.00pt;border:1.XXXX solid inherit;border-XXXX-width:X.50pt;border-XXX-width:X.50pt"> <p style="XXXX-XXXXX:XXXXXX;margin-bottom:3.000000pt"> <span>XX%</span><span style="XXXX-style:XXXXXX">(X-X)</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:X.50pt solid inherit;border-left-width:X.50pt;border-XXXXXX-width:X.50pt"> <p style="XXXXXX-XXXXXX:X.XXXXXXXX"> </p> </td> <td rowspan="" colspan="" style="padding: X.XXXX;border:X.XXXX solid inherit;border-bottom-width:X.50pt"> <p style="text-align:left;margin-XXXXXX:X.000000pt"> <span style="font-XXXXXX:XXXX">Current ratio</span> </p> </td> <td rowspan="" colspan="" style="padding: X.00pt;border:X.50pt solid inherit;border-bottom-width:X.XXXX"> <p style="XXXX-XXXXX:center;margin-XXXXXX:X.000000pt"> <span>2.9: 1</span> </p> </td> <td rowspan="" colspan="" style="padding: X.XXXX;border:1.XXXX solid inherit;border-XXXX-width:0.50pt;border-XXX-width:0.50pt"> <p style="text-XXXXX:center;margin-bottom:X.000000pt"> <span>1.X: X</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: X.XXXX;border:0.50pt solid inherit;border-left-width:X.50pt;border-XXXXXX-width:1.XXXX"> <p style="XXXXXX-XXXXXX:X.XXXXXXXX"> </p> </td> <td rowspan="" colspan="" style="padding: 0.XXXX;border:X.XXXX solid inherit;border-XXXXXX-width:1.XXXX"> <p style="text-align:left;XXXXXX-bottom:X.XXXXXXXX"> <span style="XXXX-weight:XXXX">XXXXX XXXXX</span> </p> </td> <td rowspan="" colspan="" style="padding: X.XXXX;border:X.50pt solid inherit;border-bottom-width:1.XXXX"> <p style="XXXX-XXXXX:XXXXXX;XXXXXX-XXXXXX:3.000000pt"> <span>2.X: X</span> </p> </td> <td rowspan="" colspan="" style="padding: X.00pt;border:1.50pt solid inherit;border-left-width:0.XXXX;border-XXX-width:X.XXXX"> <p style="XXXX-XXXXX:XXXXXX;XXXXXX-XXXXXX:X.XXXXXXXX"> <span>X.8: 1</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: X.XXXX;border:0.50pt solid inherit;border-XXXX-width:X.50pt;border-XXXXXX-width:X.XXXX"> <p style="XXXXXX-bottom:X.000000pt"> </p> </td> <td rowspan="" colspan="" style="padding: X.00pt;border:0.XXXX solid inherit;border-XXXXXX-width:1.50pt"> <p style="text-XXXXX:XXXX;margin-bottom:3.XXXXXXXX"> <span style="font-XXXXXX:XXXX">XXXX ratio</span> </p> </td> <td rowspan="" colspan="" style="padding: X.XXXX;border:0.XXXX solid inherit;border-XXXXXX-width:X.50pt"> <p style="XXXX-align:XXXXXX;XXXXXX-bottom:X.000000pt"> <span>65%</span> </p> </td> <td rowspan="" colspan="" style="padding: X.XXXX;border:1.50pt solid inherit;border-XXXX-width:0.50pt;border-top-width:0.50pt"> <p style="text-align:XXXXXX;XXXXXX-XXXXXX:3.000000pt"> <span>XX%</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:X.50pt solid inherit;border-left-width:X.XXXX;border-bottom-width:1.50pt"> <p style="XXXXXX-XXXXXX:3.000000pt"> </p> </td> <td rowspan="" colspan="" style="padding: X.XXXX;border:0.XXXX solid inherit;border-XXXXXX-width:1.50pt"> <p style="XXXX-XXXXX:left;XXXXXX-bottom:3.XXXXXXXX"> <span style="font-XXXXXX:bold">Interest coverage</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:X.50pt solid inherit;border-bottom-width:X.XXXX"> <p style="XXXX-XXXXX:XXXXXX;margin-XXXXXX:X.000000pt"> <span>X XXXXX</span> </p> </td> <td rowspan="" colspan="" style="padding: X.XXXX;border:X.50pt solid inherit;border-XXXX-width:0.XXXX;border-XXX-width:0.50pt"> <p style="text-align:center;XXXXXX-bottom:X.000000pt"> <span>X times</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.XXXX;background-XXXXX:#f2f2f2;border:0.50pt solid inherit;border-left-width:X.XXXX;border-top-width:X.XXXX"> <p style="XXXXXX-XXXXXX:3.XXXXXXXX"> </p> </td> <td rowspan="" colspan="3" style="padding: 0.00pt;background-XXXXX:#XXXXXX;border:1.50pt solid inherit;border-left-width:X.XXXX;border-bottom-width:0.50pt"> <p style="XXXX-align:center;margin-bottom:X.XXXXXXXX"> </p> <p style="XXXX-align:XXXXXX;margin-bottom:X.000000pt"> <span style="font-XXXXXX:XXXX">XXXX Go Deliveries XXX</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.XXXX;border:0.50pt solid inherit;border-left-width:1.50pt"> <p style="XXXXXX-bottom:3.000000pt"> </p> </td> <td rowspan="" colspan="" style="padding: X.00pt;border:X.50pt solid inherit"> <p style="XXXXXX-XXXXXX:X.XXXXXXXX"> </p> </td> <td rowspan="" colspan="" style="padding: X.00pt;border:0.XXXX solid inherit"> <p style="XXXX-XXXXX:center"> <span style="XXXX-XXXXXX:XXXX">XXXX</span> </p> </td> <td rowspan="" colspan="" style="padding: X.00pt;border:0.XXXX solid inherit;border-XXXXX-width:1.50pt"> <p style="XXXX-XXXXX:center"> <span style="XXXX-XXXXXX:bold">XXXX</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:X.XXXX solid inherit;border-XXXX-width:1.XXXX"> <p style="margin-XXXXXX:X.XXXXXXXX"> </p> </td> <td rowspan="" colspan="" style="padding: 0.XXXX;border:0.50pt solid inherit"> <p style="margin-bottom:X.XXXXXXXX"> <span style="font-XXXXXX:bold">Current Ratio</span> </p> </td> <td rowspan="" colspan="" style="padding: X.XXXX;border:X.50pt solid inherit"> <p style="text-XXXXX:XXXXXX;XXXXXX-XXXXXX:X.000000pt"> <span>X.68: X</span><span style="font-style:italic">(X-4)</span> </p> </td> <td rowspan="" colspan="" style="padding: X.00pt;border:X.50pt solid inherit;border-right-width:1.50pt"> <p style="text-XXXXX:center;XXXXXX-XXXXXX:X.000000pt"> <span>X.X:1</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.XXXX;border:0.50pt solid inherit;border-left-width:1.50pt"> <p style="margin-XXXXXX:X.000000pt"> </p> </td> <td rowspan="" colspan="" style="padding: 0.XXXX;border:0.50pt solid inherit"> <p style="XXXXXX-XXXXXX:3.000000pt"> <span style="XXXX-weight:bold">Quick Ratio</span> </p> </td> <td rowspan="" colspan="" style="padding: X.00pt;border:X.50pt solid inherit"> <p style="XXXX-XXXXX:center;margin-bottom:X.000000pt"> <span>1.39: X</span><span style="XXXX-style:italic">(X-5)</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:X.XXXX solid inherit;border-right-width:X.50pt"> <p style="text-align:XXXXXX;XXXXXX-XXXXXX:X.000000pt"> <span>0.65:1</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.XXXX solid inherit;border-XXXX-width:1.XXXX"> <p style="XXXXXX-bottom:3.XXXXXXXX"> </p> </td> <td rowspan="" colspan="" style="padding: 0.XXXX;border:0.XXXX solid inherit"> <p style="margin-bottom:X.XXXXXXXX"> <span style="XXXX-weight:bold">XXXX XXXXX</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.XXXX;border:X.50pt solid inherit"> <p style="text-XXXXX:center;XXXXXX-XXXXXX:X.XXXXXXXX"> <span>XX%</span><span style="XXXX-style:italic">(X-X)</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.XXXX;border:0.XXXX solid inherit;border-XXXXX-width:1.XXXX"> <p style="XXXX-align:center;XXXXXX-bottom:X.000000pt"> <span>XX.XX%</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: X.XXXX;border:0.50pt solid inherit;border-left-width:1.XXXX"> <p style="XXXXXX-XXXXXX:X.XXXXXXXX"> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:X.XXXX solid inherit;border-bottom-width:1.XXXX"> <p style="margin-bottom:3.000000pt"> <span style="font-weight:bold">XXXXXXXX Coverage</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:X.XXXX solid inherit;border-bottom-width:X.XXXX"> <p style="XXXX-XXXXX:center;XXXXXX-XXXXXX:3.000000pt"> <span>X times</span> </p> </td> <td rowspan="" colspan="" style="padding: X.00pt;border:X.50pt solid inherit;border-XXXX-width:0.50pt;border-top-width:0.50pt"> <p style="XXXX-align:XXXXXX;margin-bottom:3.XXXXXXXX"> <span>X times</span> </p> </td> </tr> </table> <p style="text-XXXXX:XXXX"> <a XXXX="_GoBack"> </a> <span></span></p> <span></span><span style="XXXX-XXXXXX:XXXX;text-XXXXXXXXXX:underline">XXXXX Workings</span> <p> </p> <table border="X" cellpadding="0" style="width:100%;border:XXX;border-collapse:collapse;empty-cells:show;table-layout:fixed;border-style:solid"> <tr> <td rowspan="" colspan="" style="padding: X.00pt;border:inherit solid inherit"> <p style="text-XXXXX:XXXX"> <span style="font-XXXXXX:XXXX;font-style:XXXXXX;font-size:XXXX;font-family:'Arial';color:#000000">(X-X) Accounts receivable XXXXXXXX</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit solid inherit;border-bottom-width:X.50pt"> <p style="text-XXXXX:XXXXXX"> <span style="font-weight:bold;font-size:11pt;font-XXXXXX:'Arial';color:#XXXXXX">XXXX</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit solid inherit;border-XXXXXX-width:0.50pt"> <p style="text-XXXXX:XXXXXX"> <span style="font-XXXXXX:bold;font-XXXX:XXXX;font-XXXXXX:'Arial';color:#000000">2015</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: X.00pt;border:inherit solid inherit"> <p style="XXXX-align:XXXX"> <span style="font-size:XXXX;font-family:'XXXXX';color:#XXXXXX">XXXXX (a)</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit solid inherit"> <p style="XXXX-align:XXXXXX"> <span style="XXXX-size:11pt;XXXX-family:'XXXXX';color:#XXXXXX">5,XXX,XXX</span> </p> </td> <td rowspan="" colspan="" style="padding: X.00pt;border:inherit solid inherit"> <p style="XXXX-align:XXXXXX"> <span style="XXXX-XXXX:11pt;font-family:'Arial';color:#000000">4,XXX,000</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.XXXX;border:inherit solid inherit"> <p style="XXXX-align:left"> <span style="font-XXXX:XXXX;XXXX-family:'Arial';color:#000000">XXXXXXX accounts XXXXXXXXXXX (b)</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.XXXX;border:inherit solid inherit;border-XXXXXX-width:0.XXXX"> <p style="XXXX-XXXXX:XXXXXX"> <span style="XXXX-XXXX:XXXX;XXXX-XXXXXX:'XXXXX';XXXXX:#000000">520,XXX</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.XXXX;border:inherit solid inherit;border-XXXXXX-width:X.50pt"> <p style="XXXX-XXXXX:center"> <span style="XXXX-size:XXXX;font-family:'XXXXX';XXXXX:#000000">XXX,XXX</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: X.00pt;border:inherit solid inherit"> <p style="text-XXXXX:left"> <span style="font-XXXXXX:bold;XXXX-size:11pt;XXXX-XXXXXX:'Arial';XXXXX:#000000">Receivable turnover (XXXXX) – (a) / (b)</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.XXXX;border:inherit solid inherit;border-XXXXXX-width:1.XXXX"> <p style="XXXX-XXXXX:XXXXXX"> <span style="XXXX-weight:bold;font-size:XXXX;XXXX-family:'Arial';color:#XXXXXX">XX</span> </p> </td> <td rowspan="" colspan="" style="padding: X.XXXX;border:inherit solid inherit;border-bottom-width:X.XXXX"> <p style="XXXX-align:XXXXXX"> <span style="font-XXXXXX:bold;XXXX-size:XXXX;XXXX-family:'XXXXX';color:#000000">9</span> </p> </td> </tr> </table> <p> </p> <table border="0" cellpadding="X" style="width:100%;border:XXX;border-collapse:collapse;empty-cells:show;table-layout:fixed;border-style:solid"> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit solid inherit"> <p style="XXXX-XXXXX:XXXX"> <span style="font-XXXXXX:bold;XXXX-XXXX:11pt;XXXX-XXXXXX:'Arial';color:#000000">(W-X) Average XXXXXXXXXX XXXXXX</span> </p> </td> <td rowspan="" colspan="" style="padding: X.00pt;border:inherit solid inherit;border-bottom-width:X.50pt"> <p style="text-XXXXX:XXXXXX"> <span style="font-XXXXXX:XXXX;font-size:11pt;XXXX-family:'XXXXX';XXXXX:#000000">2016</span> </p> </td> <td rowspan="" colspan="" style="padding: X.XXXX;border:inherit solid inherit;border-XXXXXX-width:X.50pt"> <p style="text-align:center"> <span style="font-XXXXXX:bold;font-XXXX:11pt;font-family:'Arial';color:#000000">2015</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: X.00pt;border:inherit solid inherit"> <p style="text-XXXXX:left"> <span style="font-XXXX:11pt;font-family:'Arial';XXXXX:#000000">XXXX in XXXXXXXXXX period</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit solid inherit"> <p style="text-XXXXX:XXXXXX"> <span style="XXXX-XXXX:11pt;XXXX-XXXXXX:'XXXXX';XXXXX:#XXXXXX">365</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit solid inherit"> <p style="text-XXXXX:XXXXXX"> <span style="font-XXXX:11pt;font-XXXXXX:'Arial';XXXXX:#000000">XXX</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: X.00pt;border:inherit solid inherit"> <p style="XXXX-XXXXX:left"> <span style="XXXX-size:11pt;font-family:'XXXXX';color:#XXXXXX">XXXXXXXXXX turnover (W-1)</span> </p> </td> <td rowspan="" colspan="" style="padding: X.XXXX;border:inherit solid inherit;border-XXXXXX-width:X.50pt"> <p style="XXXX-XXXXX:XXXXXX"> <span style="XXXX-XXXX:XXXX;XXXX-XXXXXX:'XXXXX';color:#XXXXXX">XX</span> </p> </td> <td rowspan="" colspan="" style="padding: X.00pt;border:inherit solid inherit;border-XXXXXX-width:X.XXXX"> <p style="XXXX-XXXXX:center"> <span style="XXXX-size:XXXX;XXXX-XXXXXX:'Arial';color:#000000">9</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: X.00pt;border:inherit solid inherit"> <p style="XXXX-XXXXX:XXXX"> <span style="font-XXXXXX:XXXX;XXXX-XXXX:11pt;font-family:'XXXXX';color:#000000">Average collection period (Days)</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit solid inherit;border-bottom-width:X.00pt"> <p style="XXXX-XXXXX:center"> <span style="XXXX-XXXXXX:XXXX;font-XXXX:11pt;XXXX-XXXXXX:'XXXXX';XXXXX:#000000">33</span> </p> </td> <td rowspan="" colspan="" style="padding: X.XXXX;border:inherit solid inherit;border-XXXXXX-width:1.00pt"> <p style="text-align:center"> <span style="XXXX-XXXXXX:XXXX;font-size:XXXX;XXXX-family:'Arial';color:#000000">XX</span> </p> </td> </tr> </table> <p> </p> <p> </p> <table border="0" cellpadding="X" style="width:100%;border:1pt;border-collapse:collapse;empty-cells:show;table-layout:fixed;border-style:solid"> <tr> <td rowspan="" colspan="" style="padding: X.00pt;border:inherit solid inherit"> <p style="XXXX-align:XXXX"> <span style="XXXX-XXXXXX:bold;font-size:XXXX;XXXX-XXXXXX:'XXXXX';color:#XXXXXX">(W-X) XXX profit margin</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit solid inherit;border-bottom-width:0.XXXX"> <p style="XXXX-XXXXX:center"> <span style="XXXX-weight:XXXX;font-size:XXXX;XXXX-XXXXXX:'Arial';XXXXX:#000000">XXXX</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit solid inherit;border-bottom-width:0.XXXX"> <p style="XXXX-align:center"> <span style="font-weight:XXXX;font-XXXX:11pt;XXXX-XXXXXX:'Arial';XXXXX:#XXXXXX">XXXX</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: X.00pt;border:inherit solid inherit"> <p style="XXXX-XXXXX:left"> <span style="font-size:11pt;XXXX-XXXXXX:'Arial';XXXXX:#XXXXXX">XXX profit</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.XXXX;border:inherit solid inherit"> <p style="text-XXXXX:center"> <span style="XXXX-size:XXXX;XXXX-family:'Arial';color:#000000">2,XXX,000</span> </p> </td> <td rowspan="" colspan="" style="padding: X.00pt;border:inherit solid inherit"> <p style="text-align:XXXXXX"> <span style="XXXX-size:XXXX;XXXX-XXXXXX:'Arial';XXXXX:#000000">1,800,000</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit solid inherit"> <p style="text-XXXXX:left"> <span style="XXXX-size:11pt;font-XXXXXX:'Arial';XXXXX:#XXXXXX">XXXXX</span> </p> </td> <td rowspan="" colspan="" style="padding: X.XXXX;border:inherit solid inherit;border-bottom-width:X.50pt"> <p style="text-XXXXX:XXXXXX"> <span style="XXXX-size:XXXX;XXXX-family:'Arial';XXXXX:#000000">X,XXX,000</span> </p> </td> <td rowspan="" colspan="" style="padding: X.00pt;border:inherit solid inherit;border-bottom-width:0.50pt"> <p style="XXXX-align:center"> <span style="font-XXXX:XXXX;XXXX-family:'Arial';XXXXX:#XXXXXX">X,950,000</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: X.XXXX;border:inherit solid inherit"> <p style="text-align:XXXX"> <span style="XXXX-XXXXXX:bold;XXXX-XXXX:XXXX;font-XXXXXX:'Arial';XXXXX:#000000">XXX XXXXXX XXXXXX</span> </p> </td> <td rowspan="" colspan="" style="padding: X.00pt;border:inherit solid inherit;border-XXXXXX-width:X.00pt"> <p style="XXXX-XXXXX:center"> <span style="XXXX-weight:XXXX;font-XXXX:XXXX;XXXX-XXXXXX:'XXXXX';color:#XXXXXX">37%</span> </p> </td> <td rowspan="" colspan="" style="padding: X.00pt;border:inherit solid inherit;border-bottom-width:1.XXXX"> <p style="text-align:XXXXXX"> <span style="XXXX-weight:XXXX;XXXX-XXXX:11pt;font-XXXXXX:'Arial';color:#000000">XX%</span> </p> </td> </tr> </table> <p> </p> <p> </p> <p> </p> <table border="X" cellpadding="X" style="width:XXX%;border:XXX;border-collapse:collapse;empty-cells:show;table-layout:fixed;border-style:solid"> <tr> <td rowspan="" colspan="" style="padding: X.00pt;border:inherit solid inherit"> <p style="text-XXXXX:left"> <span style="font-XXXXXX:XXXX;font-size:11pt;XXXX-XXXXXX:'Arial';color:#XXXXXX">(X-X) XXXXXXX ratio</span> </p> </td> <td rowspan="" colspan="" style="padding: X.00pt;border:inherit solid inherit;border-XXXXXX-width:0.50pt"> <p style="text-XXXXX:center"> <span style="font-weight:bold;font-XXXX:11pt;XXXX-XXXXXX:'XXXXX';color:#000000">XXXX</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: X.00pt;border:inherit solid inherit"> <p style="XXXX-align:XXXX"> <span style="XXXX-weight:XXXX;XXXX-size:11pt;XXXX-XXXXXX:'Arial';XXXXX:#000000">Current XXXXXX</span> </p> </td> <td rowspan="" colspan="" style="padding: X.00pt;border:inherit solid inherit"> <p style="XXXX-XXXXX:XXXX"> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.XXXX;border:inherit solid inherit"> <p style="XXXX-XXXXX:left;text-XXXXXX:XX.000000pt"> <span style="XXXX-XXXX:XXXX;font-XXXXXX:'Arial';color:#XXXXXX">Cash XX bank</span> </p> </td> <td rowspan="" colspan="" style="padding: X.00pt;border:X.50pt solid inherit;border-bottom-width:inherit"> <p style="XXXX-XXXXX:XXXXX"> <span style="XXXX-size:XXXX;font-XXXXXX:'XXXXX';color:#000000"> XX,000</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.XXXX;border:inherit solid inherit"> <p style="text-align:XXXX;text-indent:11.000000pt"> <span style="font-size:XXXX;font-family:'XXXXX';color:#XXXXXX">Accounts receivable (XXX)</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.XXXX solid inherit;border-XXX-width:inherit;border-XXXXXX-width:inherit"> <p style="XXXX-XXXXX:right"> <span style="XXXX-size:XXXX;font-family:'XXXXX';XXXXX:#000000"> 220,000</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: X.XXXX;border:inherit solid inherit"> <p style="XXXX-align:XXXX;text-XXXXXX:XX.XXXXXXXX"> <span style="XXXX-size:XXXX;XXXX-family:'XXXXX';color:#000000">XXXXXXXX</span> </p> </td> <td rowspan="" colspan="" style="padding: X.XXXX;border:0.XXXX solid inherit;border-top-width:inherit;border-XXXXXX-width:inherit"> <p style="text-align:right"> <span style="XXXX-size:11pt;XXXX-XXXXXX:'Arial';XXXXX:#XXXXXX"> 50,XXX</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.XXXX;border:inherit solid inherit"> <p style="text-XXXXX:XXXX;XXXX-indent:11.000000pt"> <span style="XXXX-size:11pt;XXXX-family:'XXXXX';XXXXX:#000000">XXXXXXX expenses</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.XXXX;border:0.50pt solid inherit;border-XXX-width:inherit"> <p style="text-align:right"> <span style="font-XXXX:XXXX;font-family:'XXXXX';XXXXX:#000000"> 6,XXX</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit solid inherit"> <p style="XXXX-align:XXXX"> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit solid inherit;border-bottom-width:1.XXXX"> <p style="XXXX-align:XXXXX"> <span style="font-XXXXXX:bold;font-size:XXXX;XXXX-XXXXXX:'Arial';XXXXX:#000000"> 320,XXX</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.XXXX;border:inherit solid inherit"> <p style="text-align:left"> <span style="font-weight:XXXX;font-size:XXXX;XXXX-family:'Arial';XXXXX:#000000">XXXXXXX XXXXXXXXXXX</span> </p> </td> <td rowspan="" colspan="" style="padding: X.XXXX;border:inherit solid inherit"> <p style="XXXX-XXXXX:right"> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.XXXX;border:inherit solid inherit"> <p style="text-XXXXX:XXXX;XXXX-indent:XX.XXXXXXXX"> <span style="font-size:11pt;XXXX-family:'XXXXX';color:#XXXXXX">XXXXXXXX XXXXXXX</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-bottom-width:inherit"> <p style="XXXX-XXXXX:right"> <span style="font-XXXX:11pt;font-family:'Arial';XXXXX:#XXXXXX"> 175,XXX</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit solid inherit"> <p style="text-XXXXX:XXXX;text-indent:11.XXXXXXXX"> <span style="XXXX-XXXX:XXXX;XXXX-XXXXXX:'Arial';XXXXX:#XXXXXX">XXXXXXX expenses</span> </p> </td> <td rowspan="" colspan="" style="padding: X.XXXX;border:0.50pt solid inherit;border-XXX-width:inherit"> <p style="XXXX-XXXXX:XXXXX"> <span style="XXXX-size:11pt;XXXX-family:'XXXXX';color:#XXXXXX"> XX,000</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.XXXX;border:inherit solid inherit"> <p style="text-align:XXXX"> </p> </td> <td rowspan="" colspan="" style="padding: X.XXXX;border:inherit solid inherit;border-XXXXXX-width:X.00pt"> <p style="XXXX-align:XXXXX"> <span style="font-weight:XXXX;font-size:XXXX;font-XXXXXX:'XXXXX';XXXXX:#XXXXXX"> 190,XXX</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: X.00pt;border:inherit solid inherit"> <p style="text-align:XXXX"> <span style="font-XXXXXX:bold;font-size:11pt;XXXX-family:'Arial';color:#XXXXXX">XXXXXXX XXXXX (Times)</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.XXXX;border:inherit solid inherit;border-top-width:0.50pt;border-XXXXXX-width:0.75pt"> <p style="text-align:XXXXX"> <span style="font-XXXXXX:bold;XXXX-size:11pt;XXXX-XXXXXX:'XXXXX';XXXXX:#XXXXXX"> X.68</span> </p> </td> </tr> </table> <p> </p> <table border="0" cellpadding="X" style="width:XXX%;border:1pt;border-collapse:collapse;empty-cells:show;table-layout:fixed;border-style:solid"> <tr> <td rowspan="" colspan="" style="padding: X.XXXX;border:inherit solid inherit"> <p style="text-align:left"> </p> <p style="text-align:XXXX"> <span style="XXXX-XXXXXX:bold;XXXX-XXXX:11pt;XXXX-family:'Arial';color:#XXXXXX">(X-5) XXXXX XXXXX</span> </p> </td> <td rowspan="" colspan="" style="padding: X.XXXX;border:inherit solid inherit;border-XXXXXX-width:0.XXXX"> <p style="XXXX-align:XXXXXX"> <span style="font-weight:XXXX;font-size:XXXX;font-family:'Arial';XXXXX:#XXXXXX">2016</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: X.00pt;border:inherit solid inherit"> <p style="text-align:XXXX"> <span style="font-XXXXXX:XXXX;font-size:11pt;font-family:'XXXXX';XXXXX:#000000">XXXXX XXXXXX</span> </p> </td> <td rowspan="" colspan="" style="padding: X.XXXX;border:inherit solid inherit"> <p style="text-XXXXX:right"> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit solid inherit"> <p style="text-XXXXX:left;XXXX-XXXXXX:XX.000000pt"> <span style="XXXX-size:11pt;font-XXXXXX:'XXXXX';XXXXX:#000000">XXXX XX XXXX</span> </p> </td> <td rowspan="" colspan="" style="padding: X.00pt;border:X.XXXX solid inherit;border-XXXXXX-width:inherit"> <p style="text-align:right"> <span style="font-size:11pt;font-family:'XXXXX';color:#XXXXXX"> XX,000</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit solid inherit"> <p style="text-XXXXX:XXXX;XXXX-indent:XX.XXXXXXXX"> <span style="XXXX-XXXX:XXXX;XXXX-XXXXXX:'Arial';XXXXX:#XXXXXX">Accounts receivable (net)</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.XXXX solid inherit;border-XXX-width:inherit;border-XXXXXX-width:inherit"> <p style="text-XXXXX:XXXXX"> <span style="XXXX-XXXX:XXXX;font-XXXXXX:'XXXXX';color:#000000"> XXX,000</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.XXXX;border:inherit solid inherit"> <p style="XXXX-XXXXX:left"> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit solid inherit;border-XXX-width:0.XXXX;border-bottom-width:X.00pt"> <p style="XXXX-XXXXX:XXXXX"> <span style="XXXX-weight:XXXX;XXXX-size:XXXX;font-family:'XXXXX';XXXXX:#000000"> 264,XXX</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: X.XXXX;border:inherit solid inherit"> <p style="text-align:XXXX"> <span style="XXXX-weight:XXXX;font-size:11pt;font-XXXXXX:'Arial';XXXXX:#XXXXXX">XXXXXXX XXXXXXXXXXX</span> </p> </td> <td rowspan="" colspan="" style="padding: X.00pt;border:inherit solid inherit"> <p style="XXXX-align:XXXXX"> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: X.00pt;border:inherit solid inherit"> <p style="text-XXXXX:left;XXXX-indent:11.XXXXXXXX"> <span style="XXXX-size:11pt;XXXX-family:'Arial';color:#XXXXXX">XXXXXXXX XXXXXXX</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:0.50pt solid inherit;border-bottom-width:inherit"> <p style="text-XXXXX:right"> <span style="XXXX-size:XXXX;font-family:'Arial';color:#XXXXXX"> 175,XXX</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.XXXX;border:inherit solid inherit"> <p style="text-XXXXX:left;XXXX-indent:XX.000000pt"> <span style="XXXX-size:XXXX;XXXX-family:'Arial';XXXXX:#000000">Accrued expenses</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.XXXX;border:0.XXXX solid inherit;border-XXX-width:inherit"> <p style="XXXX-XXXXX:XXXXX"> <span style="font-XXXX:XXXX;font-family:'Arial';XXXXX:#000000"> 15,000</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: X.00pt;border:inherit solid inherit"> <p style="XXXX-XXXXX:left"> </p> </td> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit solid inherit;border-bottom-width:1.XXXX"> <p style="text-XXXXX:XXXXX"> <span style="XXXX-weight:XXXX;XXXX-size:XXXX;font-XXXXXX:'XXXXX';XXXXX:#000000"> 190,XXX</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: X.00pt;border:inherit solid inherit"> <p style="text-align:left"> <span style="font-XXXXXX:XXXX;font-XXXX:11pt;font-XXXXXX:'XXXXX';XXXXX:#XXXXXX">XXXXX ratio (Times)</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.XXXX;border:inherit solid inherit;border-XXX-width:X.XXXX;border-bottom-width:X.XXXX"> <p style="XXXX-align:right"> <span style="font-weight:XXXX;font-size:XXXX;font-XXXXXX:'XXXXX';color:#000000"> 1.39</span> </p> </td> </tr> </table> <p> </p> <table border="X" cellpadding="0" style="width:XXX%;border:1pt;border-collapse:collapse;empty-cells:show;table-layout:fixed;border-style:solid"> <tr> <td rowspan="" colspan="" style="padding: X.XXXX;border:inherit solid inherit"> <p style="text-XXXXX:left"> <span style="XXXX-weight:bold;font-XXXX:11pt;font-XXXXXX:'Arial';XXXXX:#000000">(W-6) Debt XXXXX</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.XXXX;border:inherit solid inherit"> <p style="XXXX-align:XXXX"> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: X.00pt;border:inherit solid inherit"> <p style="text-align:XXXX"> <span style="XXXX-XXXXXX:XXXX;font-size:11pt;XXXX-family:'Arial';color:#000000">Total XXXX</span> </p> </td> <td rowspan="" colspan="" style="padding: X.00pt;border:inherit solid inherit"> <p style="XXXX-XXXXX:XXXX"> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit solid inherit"> <p style="XXXX-align:XXXX;text-indent:11.XXXXXXXX"> <span style="font-size:XXXX;XXXX-XXXXXX:'Arial';color:#XXXXXX">Current liabilities</span> </p> </td> <td rowspan="" colspan="" style="padding: X.XXXX;border:0.XXXX solid inherit;border-XXXXXX-width:inherit"> <p style="XXXX-align:XXXXX"> <span style="font-XXXX:11pt;XXXX-family:'XXXXX';XXXXX:#000000"> 190,000</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit solid inherit"> <p style="XXXX-align:left;text-XXXXXX:XX.000000pt"> <span style="XXXX-XXXX:XXXX;XXXX-XXXXXX:'XXXXX';color:#XXXXXX">Non-Current liabilities</span> </p> </td> <td rowspan="" colspan="" style="padding: X.00pt;border:X.XXXX solid inherit;border-XXX-width:inherit"> <p style="text-align:right"> <span style="XXXX-size:11pt;font-XXXXXX:'XXXXX';color:#XXXXXX"> XXX,000</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit solid inherit"> <p style="XXXX-XXXXX:left"> </p> </td> <td rowspan="" colspan="" style="padding: X.00pt;border:inherit solid inherit;border-bottom-width:1.00pt"> <p style="XXXX-align:right"> <span style="font-XXXXXX:bold;XXXX-size:11pt;XXXX-XXXXXX:'XXXXX';XXXXX:#000000"> XXX,XXX</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.XXXX;border:inherit solid inherit"> <p style="text-XXXXX:left"> <span style="XXXX-XXXXXX:XXXX;XXXX-size:XXXX;XXXX-XXXXXX:'XXXXX';XXXXX:#XXXXXX">XXXXX assets</span> </p> </td> <td rowspan="" colspan="" style="padding: X.00pt;border:inherit solid inherit"> <p style="XXXX-align:right"> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: X.XXXX;border:inherit solid inherit"> <p style="XXXX-align:left;XXXX-indent:11.000000pt"> <span style="XXXX-XXXX:11pt;XXXX-family:'Arial';color:#XXXXXX">XXXXXXX XXXXXX</span> </p> </td> <td rowspan="" colspan="" style="padding: 0.XXXX;border:0.XXXX solid inherit;border-bottom-width:inherit"> <p style="XXXX-XXXXX:XXXXX"> <span style="font-XXXX:11pt;font-family:'XXXXX';color:#000000"> XXX,XXX</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.XXXX;border:inherit solid inherit"> <p style="text-align:XXXX;XXXX-XXXXXX:XX.XXXXXXXX"> <span style="XXXX-XXXX:11pt;XXXX-XXXXXX:'XXXXX';color:#000000">XXX-XXXXXXX XXXXXX</span> </p> </td> <td rowspan="" colspan="" style="padding: X.00pt;border:X.50pt solid inherit;border-top-width:inherit"> <p style="text-align:right"> <span style="XXXX-XXXX:11pt;font-family:'XXXXX';XXXXX:#XXXXXX"> 450,000</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit solid inherit"> <p style="text-XXXXX:XXXX"> </p> </td> <td rowspan="" colspan="" style="padding: 0.XXXX;border:inherit solid inherit;border-XXXXXX-width:X.00pt"> <p style="text-align:XXXXX"> <span style="XXXX-weight:bold;XXXX-XXXX:11pt;XXXX-XXXXXX:'XXXXX';XXXXX:#XXXXXX"> XXX,XXX</span> </p> </td> </tr> <tr> <td rowspan="" colspan="" style="padding: 0.00pt;border:inherit solid inherit"> <p style="text-XXXXX:left"> <span style="XXXX-XXXXXX:XXXX;XXXX-size:11pt;font-family:'Arial';XXXXX:#000000">XXXX ratio</span> </p> </td> <td rowspan="" colspan="" style="padding: X.00pt;border:inherit solid inherit;border-XXX-width:0.50pt;border-bottom-width:X.75pt"> <p style="XXXX-align:right"> <span style="font-XXXXXX:XXXX;font-size:11pt;font-XXXXXX:'XXXXX';color:#000000">XX%</span> </p> </td> </tr> </table> <p> </p> <p awml:style="footer"> </p> <p awml:style="footer"> <div> </div> <p awml:style="footer"> </p> </p> </div> </body></XXXX>">
