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Financial Analysis Liquidity Ratios Working captial = current assets - current liabilities 2011: 25,872 - 12,028 = 13844 2010: 31,611 - 9,327 = 22284 Current ratio = current assets/current liablities 2011: 25872/12028 = 2.15 2010: 31611/9327 = 3.39 Acid-test ratio = (cash + marketable securities + accounts receivable + short-term notes receivable)/current liabilities 2011: (5065+562+3650)/12028=.771 2010: (5498+1008+2867)/9327=1.005 Accounts receivable turnover = sales on account/average accounts receivable balance 2011: 53999/[(3650+2867)/2] = 16.6 2010: N/A (2009 Accounts receivable balance was not available) Inventory turnover = COGS/Average inv balance 2011: 20242/[(4096+3757)/2] = 5.16 2010: N/A (2009 Inventory balance was not available) Average sales period = 365 days/Inventory turnover 2011: 365/5.16 = 70.7 2010: N/A (2009 Inventory balance was not available to calculate the inv turnover)

Financial Analysis Profitability Ratios Return on total assets = net income + [interest expense * (1- Tax rate)] / Average total sales 2011: 12942+[192*(1-0.27)] / [(71119+63186)/2] = .195 = 19.5% 2010: 11464+[109*(1-0.285)] / [(63186+53095)/2] = .199 = 19.9% Return on stockholder’s equity = average total stockholders’ equity – average preferred stock 2011: (45911+49430)/2=47670.5 (Intel does not issue preferred stock) 2010: (49430+41704)/2=45567

Financial Analysis Solvency Ratios Times interest earned = earnings before interest expense and income taxes/interest expense 2011: 17781/192=92.6 2010: 16045/109=147.2 Debt to equity = total liabilities/stockholders’ equity


2011: 25208/45911=.549 2010: 13756/49430=.278

Financial Analysis Market Strength Ratios Price-earnings ratios = market price per share/earning per share 2011: 28.22/2.46= 11.47 2010: 22.29/2.06= 10.82 Dividend payout ratio = dividends per share/earnings per share 2011: 0.21/2.46=.0854 = 85.4 2010: 0.1575/2.06=.0765 = 76.5 Dividend yield ratio = dividends per share/market price per share 2011: 0.21/28.22=.007444 = 0.74% 2010: 0.1575/22.29=.00687 = 0.69%

Intel Corporation Calculations  

Klefstad MacDonald Travis

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