Table T-5.23

The Dow Company

Ratios
  1998 1997
Current ratio 1.18 1.23
Quick ratio 0.72 0.78
Working capital (in $ millions) 1198 1629
Receivables turnover 4.06 4.08
DSO (in days) 89.9 89.46
Inventory turnover 4.91 5.03
DSI (in days) 74.34 72.56
Payables turnover 5.18 5.45
DPO (in days) 70.46 66.97
Working capital turnover 15.39 12.41
TIE 2.81 5.79
Fixed assets/equity 1.13 1.05
Debt/equity 1.46 1.46
Pbt/equity 0.27 0.38
Pbt/total assets 0.08 0.12
Pat/equity 0.18 0.25
Pat/total assets 0.06 0.08
Sales/fixed assets 2.18 2.51
Sales/total assets 0.77 0.84
Source: The Dow Company 1998 Annual Report