【正文】 P o o r s 39。 s a l e s i n c a s h ( d a y s ) 5 2 . 3 3 9 . 5 5 5 . 9 8 1 . 8 2 5 . 7 1 6 . 1 P a y a b l e s p e r i o d ( d a y s ) 5 4 . 4 5 0 . 2 6 2 . 8 5 9 . 7 5 6 . 0 4 9 . 5 Irwin/McGrawHill 來自 中國最大的資料庫下載 222 TABLE 2A1 (Concluded) Ratio Analysis of Companies in Various Countries and Regions, 1998, Median Values L e v e r a g e a n d l i q u i d i t y r a t i o s : A s s e t s t o e qu i t y ( % ) 2 . 3 2 . 9 3 . 0 1 . 8 2 . 2 2 . 9 D e b t t o a s s e t s ( % ) 6 2 . 7 6 6 . 0 6 6 . 4 4 7 . 3 5 3 . 6 6 5 . 9 D e b t t o e q u i t y ( % ) 1 3 0 . 8 1 9 4 . 3 1 9 7 . 9 7 8 . 7 1 0 8 . 5 1 9 4 . 0 T i m e s i n t e r e s t e a r n e d ( X ) 4 . 9 8 . 5 4 . 6 4 . 0 3 . 8 4 . 9 T i m e s b u r d e n c o v e r e d ( X ) 2 . 0 0 . 8 0 . 3 1 . 6 1 . 7 2 . 2 D e b t t o a s s e t s ( m a r k e t v a l u e % ) 2 9 . 6 4 0 . 1 4 2 . 0 2 7 . 6 3 3 . 9 3 4 . 3 D e b t t o e q u i t y ( m a r k e t v a l u e % ) 4 2 . 1 6 8 . 5 7 2 . 4 3 8 . 2 5 1 . 2 5 2 . 2 C u r r e n t r a t i o ( X ) 1 . 5 1 . 5 1 . 4 1 . 4 1 . 3 1 . 3 A c i d t e s t ( X ) 1 . 1 1 . 3 1 . 1 1 . 2 0 . 9 0 . 9 S a m p l e c o n s i s t s o f n o n f i n a n c i a l c o m p a n i e s i n c o r p o r a t e d i n i n d i c a t e d g e o g r a p h i c r e g i o n s w h o s e s t o c k t r a d e s o n U . S .m a r k e t s , m o s t a s A m e r i c a n D e p o s i t o r y R e c e i p t s ( A D R s ) . T h e A s i a s a m p l e e x c l u d e s J a p a n . C o m p a n i e s i n t h e S amp。 s e cu ri t i e sG e rm a n y * Ja p a n U . K. U . S. * *Irwin/McGrawHill 來自 中國最大的資料庫下載 220 FIGURE 2A1 (Concluded) Percentage Balance Sheets of Companies in Four Countries L i a b i l i t i e s0%20%40%60%80%100%1983 1995 1983 1995 1983 1995 1983 1994Eq u i t yL t . l i a b i l i t i e sO t h e r cu rre n t l i a b i l i t i e sA cco u n t s p a y a b l eN o t e s p a y a b l eG e rm a n y Ja p a n U . K. U . S.Irwin/McGrawHill 來自 中國最大的資料庫下載 221 TABLE 2A1 Ratio Analysis of Companies in Various Countries and Regions, 1998, Median Values La t i n USE ng l a nd G e r m a ny J a pa n A s i a A m e r i c a S amp。 Bra d s t re e t , a co m p a n y o f T h e D u n amp。s c l o t h i n g ( 5 0 5 ) 4 . 0 3 4 . 2 1 4 . 6 1 5 . 6 2 1 . 3 5 . 3 1 7 . 8 4 2 . 9 2 . 0 9 3 . 7 3 4 . 9 7 . 8 3 1 . 5 2 . 4 6 . 5 1 5 . 4 1 . 3 1 9 8 . 4 5 3 . 4 4 . 9 4 3 . 8 0 . 8 1 . 9 5 . 3 R e t a i l t r a d e : D e p a r t m e n t s t o r e s ( 2 4 2 ) 6 . 4 2 0 . 0 3 . 2 5 . 7 3 3 . 5 4 . 0 8 . 6 1 6 . 1 3 . 1 6 8 . 2 1 1 . 2 4 . 4 4 8 . 3 1 . 5 3 . 8 6 . 8 1 . 9 1 4 5 . 3 3 5 . 1 3 . 0 6 4 . 0 ( 0 . 1 ) 0 . 8 1 . 8 G r o c e r y s t o r e s ( 9 6 5 ) 3 . 1 3 7 . 8 1 . 1 2 7 . 8 1 4 . 5 3 . 0 1 3 . 4 3 0 . 5 1 . 7 8 8 . 3 3 . 3 1 8 . 7 2 0 . 6 1 . 5 5 . 5 1 2 . 6 1 . 1 2 0 6 . 4 6 . 2 1 2 . 5 3 2 . 4 0 . 5 1 . 7 4 . 9 Irwin/McGrawHill 來自 中國最大的資料庫下載 216 TABLE 24 (Concluded) Selected Ratios for Representative Industries, 1998 (Upperquartile, median, and lowerquartile values) To t a l To t a l C urr e nt Li a bi l i t i e s C ol l e c t i on N e t S a l e s t o A s s e t s t o P r of i t R e t urn R e t urn Li ne s of B us i ne s s a nd R a t i o t o N e t W ort h P e r i od I nv e nt ory N e t S a l e s M a r gi n on A s s e t s on E qu i t yN um be r of Fi r m s R e po r t i ng ( t i m e s ) ( % ) ( da y s ) ( t i m e s ) ( % ) ( % ) ( % ) ( % ) J e w e l r y s t o r e s ( 8 6 0 ) 6 . 0 2 3 . 6 6 . 0 3 . 7 4 5 . 3 9 . 8 1 4 . 5 2 7 . 3 3 . 0 5 6 . 7 1 5 . 7 2 . 5 6 3 . 1 4 . 2 6 . 2 1 1 . 8 1 . 8 1 3 3 . 8 3 9 . 3 1 . 7 8 8 . 3 1 . 4 2 . 3 4 . 4 S e r v i c e s : B e a u t y s h o p s ( 1 0 0 ) 5 . 6 2 1 . 1 4 . 8 1 0 0 . 9 1 3 . 4 1 2 . 0 3 1 . 7 1 0 1 . 5 1 . 7 7 1 . 9 1 0 . 4 5 6 . 1 2 6 . 8 5 . 7 1 7 . 0 3 6 . 2 1 . 0 1 3 9 . 9 2 8 . 3 2 6 . 7 6 3 . 4 3 . 2 7 . 9 1 3 . 7 L e g a l s e r v i c e s ( 4 0 5 ) 6 . 3 2 1 . 9 1 0 . 8 3 9 . 8 1 4 . 2 3 2 . 2 7 4 . 5 1 2 4 . 6 2 . 4 5 3 . 5 3 2 . 5 6 . 8 2 6 . 5 8 . 8 2 1 . 3 3 4 . 2 1 . 3 1 1 6 . 7 9 2 . 8 4 . 8 4 6 . 4 1 . 2 1 . 5 3 . 2 C o l l e