... $1, 600 $3,333 $2,500 $2,743Year 2 1, 600 2,222 1, 875 2,286Year 3 1, 600 1, 482 1, 407 1, 829Year 4 1, 600 988 1, 406 1, 3 71 Year 5 1, 600 658 1, 406 914 Year 6 1, 600 917 1, 006 457Total: $9,600 $9,600 $9,600 ... sales.5($573 ϩ $524) $10 ,8 31 Average inventorySaleshel78340_ch04.qxd 9/27/ 01 11: 07 AM Page 10 9 10 8 Financial Analysis: Tools and Techniques Sales to assets: ϭ or ϭ 1. 76 times (19 96: 1. 70)Assets to ... total thus becomes $1, 656 ($ 411 ϩ $12 8 ϩ $1, 117 ), and the capitalization becomes $3,385 ( $1, 656 ϩ $10 5 ϩ $1, 624), resulting in a ratioof 48.9 percent for 19 97 and 20.6 percent for 19 96. As is apparent,...