【正文】 o e q u i t y ( % ) 2 1 7 . 4 1 9 6 . 3 1 7 1 . 9 9 5 . 4 7 6 . 3 6 5 . 5 T i m e s i n t e r e s t e a r n e d ( x ) 2 . 9 0 . 2 2 . 5 5 . 6 1 0 . 2 9 . 1 T i m e s b u r d e n c o v e r e d ( x ) 1 . 6 0 . 1 1 . 1 5 . 6 1 0 . 2 7 . 4 D e b t t o a s s e t s ( m a r k e t v a l u e % ) 5 7 . 5 5 6 . 0 4 0 . 2 2 3 . 7 2 8 . 7 1 8 . 1 D e b t t o e q u i t y ( m a r k e t v a l u e % ) 1 3 5 . 4 1 2 7 . 3 6 7 . 1 3 1 . 1 4 0 . 2 2 2 . 1 C u r r e n t r a t i o ( x ) 3 . 5 4 . 8 3 . 7 3 . 5 4 . 0 3 . 0 A c i d t e s t ( x ) 1 . 5 2 . 3 2 . 1 2 . 0 2 . 7 1 . 5 * S a m p l e c o n s i s t s o f f i v e r e p r e s e n t a t i v e s h o e c o m p a n i e s : B r o w n G r o u p , K e n n e t h C o l e , N i k e , S t r i d e R i t e , a n d W o l v e r i n e W o r l d W i d e . TABLE 22 (Concluded) Ratio Analysis of Timberland Company 19941998, and Industry Medians, 1998 Irwin/McGrawHill 來自 中國(guó)最大的資料庫(kù)下載 210 I n d u s t r y1994 1995 1996 1997 1998 A v e r a g e *Ass e t sC a s h a n d m a r k e t a b l e s e c u r i t i e s 1 . 3 % 9 . 1 % 2 0 . 8 % 2 3 . 5 % 3 2 . 4 % 7 . 4 %A c c o u n t s r e c e i v a b l e 2 7 . 1 2 2 . 7 2 2 . 4 1 8 . 0 1 6 . 8 2 2 . 7 I n v e n t o r i e s 4 6 . 1 4 2 . 9 3 5 . 4 3 4 . 0 2 8 . 0 3 7 . 1 P r e p a i d E x p e n s e s a n d o t h e r c u r r e n t a s s e t s 4 . 4 5 . 5 4 . 1 5 . 9 5 . 4 5 . 5 T o t a l C u r r e n t A s s e t s 7 9 . 0 8 0 . 2 8 2 . 6 8 1 . 4 8 2 . 6 7 2 . 0 P r o p e r t y , p l a n t a n d e q u i p m e n t 2 3 . 4 2 2 . 8 2 3 . 1 2 7 . 7 2 8 . 0 3 1 . 5 L e s s a c c u m u l a t e d d e p r e c i a t i o n a n d a m o r t i z a t i o n 9 . 0 1 0 . 3 1 2 . 2 1 5 . 1 1 5 . 8 1 3 . 6 N e t p r o p e r t y , p l a n t a n d e q u i p m e n t 1 4 . 4 1 2 . 4 1 0 . 9 1 2 . 6 1 2 . 1 1 7 . 9 I n t a n g i b l e a s s e t s 5 . 5 5 . 8 5 . 0 5 . 0 4 . 1 3 . 2 O t h e r A s s e t s 1 . 1 1 . 6 1 . 5 1 . 0 1 . 2 6 . 9 T o t a l a s s e t s 1 0 0 . 0 % 1 0 0 . 0 % 1 0 0 . 0 % 1 0 0 . 0 % 1 0 0 . 0 % 1 0 0 . 0 %TABLE 23 Timberland ompany CommonSize Financial Statements, 1994 1998 and Industry Averages, 1998 Irwin/McGrawHill 來自 中國(guó)最大的資料庫(kù)下載 211 I n d u s t r y1994 1995 1996 1997 1998 A v e r a g e *L i a b i l i t i e s a n d S h a r e h o l d e r s 39。 Eq u i t yA c c o u n t s P a y a b l e 7 . 8 % 6 . 0 % 4 . 7 % 4 . 9 % 5 . 5 % 1 1 . 2 %N o t e s P a y a b l e 4 . 8 2 . 0 L o n g Te r m D e b t D u e I n O n e Y e a r 1 . 7 1 . 8 4 . 0 1 . 0 W a g e s p a y a b l e 1 . 9 0 . 2 2 . 6 4 . 2 3 . 9 A c c r u e d E x p e n s e s 6 . 4 8 . 5 1 1 . 3 1 4 . 5 1 1 . 0 1 0 . 0 T o t a l c u r r e n t l i a b i l i t i e s 2 2 . 6 1 6 . 5 2 2 . 7 2 3 . 6 2 0 . 4 2 4 . 2 L o n g Te r m D e b t 4 3 . 7 4 7 . 3 3 8 . 2 2 3 . 8 2 1 . 3 1 4 . 8 D e f e r r e d Ta x e s 2 . 2 2 . 4 2 . 4 1 . 4 1 . 6 1 . 0 T o t a l l i a b i l i t i e s 6 8 . 5 6 6 . 3 6 3 . 2 4 8 . 8 4 3 . 3 3 9 . 9 C o m m o n S t o c k 0 . 0 0 . 0 0 . 0 0 . 0 0 . 0 4 . 6 A d d i t i o n a l p a i d i n c a p i t a l 1 2 . 2 1 4 . 2 1 3 . 7 1 6 . 3 1 5 . 9 1 0 . 8 R e t a i n e d E a r n i n g s 1 9 . 3 1 9 . 6 2 3 . 0 3 4 . 8 4 4 . 2 5 4 . 8 L e s s : Tr e a s u r y S t o c k 0 . 0 0 . 0 0 . 0 0 . 0 3 . 5 1 0 . 2 T o t a l s t o c k h o l d e r s 39。 e q u i t y 3 1 . 5 3 3 . 7 3 6 . 8 5 1 . 2 5 6 . 7 6 0 . 1 T o t a l l i a b i l i t i e s a n d s h a r e h o l d e r s 39。 e q u i t y 1 0 0 . 0 % 1 0 0 . 0 % 1 0 0 . 0 % 1 0 0 . 0 % 1 0 0 . 0 % 1 0 0 . 0 %TABLE 23 Timberland Company CommonSize Financial Statements, 1994 1998 and Industry Averages, 1998 Continued Irwin/McGrawHill 來自 中國(guó)最大的資料庫(kù)下載 212 TABLE 23 (Continued) Timberland Company CommonSize Financial Statements, 19941998, and Industry Ine Statement I n d u s t r y1994 1995 1996 1997 1998 A v e r a g e *N e t s a l e s 1 0 0 . 0 % 1 0 0 . 0 % 1 0 0 . 0 % 1 0 0 . 0 % 1 0 0 . 0 % 1 0 0 . 0 %C o s t o f s a l e s