A.

Liquidity Ratio
1. Current Ratio
Current Assets
Current Ratio =
Current Liabilities

659,691,299,282
2015 = = 1,1897 ∶ 1
554,491,047,968

921,133,961,428
2016 = = 1,6545 ∶ 1
556,752,312,634

Kesimpulan:

2. Acid-test Ratio/Quick Ratio

Quick Ratio =
Cash & cash equivalents + Marketable Securities + Accounts Receivable (net)
Current Liabilities
659,691,299,282
2015 = = 1,1897 ∶ 1
554,491,047,968
3. Collection Period
Average Accounts Receivable
Collection Period =
Sales/360
4. Days to Sell Inventory
Average Inventory
Days to Sell Inventory =
Cost of Goods Sold/360
B. Capital Structure and Solvency Ratio
1. Total Debt to Equity
Total Debt
Debt to Equity Ratio =
Total Equity
2. Long-term Debt to Equity
Total Long Term Debt
LTD to Equity Ratio =
Total Equity
3. Times Interest Earned
Income before tax + Interest Expense
Times Interest Earned =
Interest Expense
C. Return on Investments
1. Return on Assets
Net Income + Interest Expense × (1-Tax rate)
Return on Asset =
Average Total Asset
2. Return on Common Equity
Net Income
Return on Equity =
Average Total Equity
D. Operating Performance Ratio
1. Gross Profit Margin
Gross Profit
Gross Profit Margin =
Sales
2. Operating Profit Margin (pretax)
Operating Profit
Operating Profit Margin =
Sales
3. Net Profit Margin
Net Income
Net Profit Margin =
Sales
E. Assets Utilization
1. Cash Turnover
Sales
Cash Turnover =
Average cash and cash equivalents
2. Accounts Receivable Turnover
Sales
Accounts Receivable Turnover =
Average net accounts receivable
3. Inventory Turnover
COGS
Inventory Turnover =
Average Inventory

4. Working Capital Turnover

Sales
Working Capital Turnover =
Average Working Capital
5. PPE Turnover
Sales
PPE Turnover =
Average PPE (net)
6. Total Asset Turnover
Sales
Total Asset Turnover =
Average Total Assets
F. Market Measures
1. Price-to-earnings Ratio
Market Price per Share 659,691,299,282
Price-to-earnings Ratio=
Earnings per share 554,491,047,968

2. Earnings Yield
Earnings per Share
Earnings Yield =
Market Price per share
 3. Dividend Yield
Cash dividends per Share
Dividend Yield =
Market Price per share
4. Dividend Payout Ratio
Cash dividends per Share
Dividend Payout Ratio=
Earnings per share
5. Price-to-book Ratio
Market Price per Share
Price-to-book Ratio =
Book Value per share

Additional ratios
1. Cash Flow Ratio
Operating Cash Flow
Cash Flow Ratio =
Current Liabilities
194,843,122,728
2015 = =0.351
554,491,047,968
166,186,126,054
2016= =0.2985
556,752,312,634

2. Return on Sales
Net Income
Return on Sales Ratio =
Net Sales
185,705,201,171
2015 = =0.07299
2,544,277,844,656
174,176,717,866
2016= =0.06625
2,629107,367,897
3. Accounts Payable Turnover
Net Credit Purchase
Accounts Payable Turnover =
Average Accounts Payable
293,873,444,870
2015 = =0.958
165,403,967,607+141,269,291,565
306,629,442,112
2016= =0.921
141,269,291,565+191,716,507,632

4. Days to pay Accounts Payable

360
Days to Pay Accounts Payable=
Accounts Payable Turnover
360
2015 = =375.78
0.958
360
2016= =390.879
0.921

5. Equity to Asset Ratio

Total Equity
Equity to Asset Ratio =
Total Assets
1,008,809,438,257
2015 = =0.5255
1,919,568,037,170
1,168,512,137,670
2016= =0.5001
2,336,411,494,941

6. Cash Ratio
Cash and Cash Equivalents + Marketable Securities
Cash Ratio =
Current Liabilities
9,815,172,239+7,375,692,000
2015 = =0.031
554,491,047,968
 25,398,905,805+197,805,040,828
2016= =0.401
556,752,312,634