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California Choppers Ratio Table

| 2007 | 2008 | 2009 | 2010 | 2011 | Ind. Av. | Liquidity | | | | | | | Current Ratio | 1.37 | 1.48 | 1.64 | 1.33 | 1.04 | 1.25 | Cash Ratio | 0.19 | 0.20 | 0.31 | 0.25 | 0.15 | 0.27 | Asset Management | | | | | | | Inventory Turnover in Days | 83.91 | 58.49 | 52.82 | 40.83 | 37.47 | 44.12 | A/R Turnover in Days | 57.03 | 33.57 | 39.16 | 40.51 | 41.48 | 32.45 | A/P Turnover in Days | 125.43 | 73.29 | 72.42 | 73.29 | 92.40 | 60.23 | Cash Conversion Cycle | 15.51 | 18.77 | 19.56 | 8.05 | -13.45?? | 16.35 | Fixed Assets Turnover | 2.77 | 4.19 | 4.38 | 4.52 | 4.34 | 3.72 | Total Asset Turnover | 1.34 | 2.07 | 2.04 | 2.13 | 2.13 | 2.05 | Long-term Debt Paying Ability | | | | | | | Debt Ratio | 0.93 | 0.84 | 0.73 | 0.64 | 0.65 | 0.54 | Times Interest Earned | 0.23 | 1.62 | 2.54 | 2.42 | 2.06 | 9.33 | Profitability | | | | | | | Gross Margin | 0.3 (30%) | 0.3 (30%) | 0.3 (30%) | 0.27 (27%) | 0.27 (27%) | 32% | Operating Profit Margin | 0.05 (5%) | 0.13 (13%) | 0.11 (11%) | 0.08 (8%) | 0.05 (5%) | 14% | Net Profit Margin | 0.006 (o.6%) | 0.05 (5%) | 0.05 (5%) | 0.04 (4%) | 0.02 (2%) | 8.5% | ROA | 0.006 (0.6%) | 0.10 (10%) | 0.11 (11%) | 0.08 (8%) | 0.04 (4%) | 17.46% | ROE | 0.09 (9%) | 0.64 (64%) | 0.41 (41%) | 0.22 (22%) | 0.12 (12%) | 38.25%

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