Name Surname MSFT Ratios

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In Millions of USD (except for per share items) Revenue Other Revenue, Total Total Revenue Cost of Revenue, Total Gross Profit Selling/General/Admin. Expenses, Total Research & Development Depreciation/Amortization Interest Expense(Income) - Net Operating Unusual Expense (Income) Other Operating Expenses, Total Total Operating Expense Operating Income Interest Income(Expense), Net Non-Operating Gain (Loss) on Sale of Assets Other, Net Income Before Tax Income After Tax Minority Interest Equity In Affiliates Net Income Before Extra. Items Accounting Change Discontinued Operations Extraordinary Item Net Income Preferred Dividends Income Available to Common Excl. Extra Items Income Available to Common Incl. Extra Items Basic Weighted Average Shares Basic EPS Excluding Extraordinary Items Basic EPS Including Extraordinary Items Dilution Adjustment Diluted Weighted Average Shares Diluted EPS Excluding Extraordinary Items Diluted EPS Including Extraordinary Items Dividends per Share - Common Stock Primary Issu Gross Dividends - Common Stock Net Income after Stock Based Comp. Expense Basic EPS after Stock Based Comp. Expense Diluted EPS after Stock Based Comp. Expense Depreciation, Supplemental Total Special Items Mi

description

Ratio Analysis

Transcript of Name Surname MSFT Ratios

Page 1: Name Surname MSFT Ratios

In Millions of USD (except for per share items) 12 months ending 2014-06-30Revenue 86,833.00 Other Revenue, Total - Total Revenue 86,833.00 Cost of Revenue, Total 26,934.00 Gross Profit 59,899.00 Selling/General/Admin. Expenses, Total 20,632.00 Research & Development 11,381.00 Depreciation/Amortization - Interest Expense(Income) - Net Operating - Unusual Expense (Income) 233.00 Other Operating Expenses, Total - Total Operating Expense 59,180.00 Operating Income 27,653.00 Interest Income(Expense), Net Non-Operating - Gain (Loss) on Sale of Assets - Other, Net (169.00)Income Before Tax 27,820.00 Income After Tax 22,074.00 Minority Interest - Equity In Affiliates - Net Income Before Extra. Items 22,074.00 Accounting Change - Discontinued Operations - Extraordinary Item - Net Income 22,074.00 Preferred Dividends - Income Available to Common Excl. Extra Items 22,074.00 Income Available to Common Incl. Extra Items 22,074.00 Basic Weighted Average Shares - Basic EPS Excluding Extraordinary Items - Basic EPS Including Extraordinary Items - Dilution Adjustment - Diluted Weighted Average Shares 8,399.00 Diluted EPS Excluding Extraordinary Items 2.63 Diluted EPS Including Extraordinary Items - Dividends per Share - Common Stock Primary Issue 1.12 Gross Dividends - Common Stock - Net Income after Stock Based Comp. Expense - Basic EPS after Stock Based Comp. Expense - Diluted EPS after Stock Based Comp. Expense - Depreciation, Supplemental - Total Special Items - Normalized Income Before Taxes - Effect of Special Items on Income Taxes - Income Taxes Ex. Impact of Special Items -

Microsoft Corporation - Income Statement

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Normalized Income After Taxes - Normalized Income Avail to Common - Basic Normalized EPS - Diluted Normalized EPS 2.65

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12 months ending 2013-06-30 12 months ending 2012-06-30 12 months ending 2011-06-30 77,849.00 73,723.00 69,943.00 - - - 77,849.00 73,723.00 69,943.00 20,249.00 17,530.00 15,577.00 57,600.00 56,193.00 54,366.00 20,425.00 18,426.00 18,162.00 10,411.00 9,811.00 9,043.00 - - - - - - 208.00 6,193.00 - - - - 51,293.00 51,960.00 42,782.00 26,556.00 21,763.00 27,161.00 - - - - - - 194.00 299.00 49.00 27,052.00 22,267.00 28,071.00 21,863.00 16,978.00 23,150.00 - - - - - - 21,863.00 16,978.00 23,150.00 - - - - - - - - - 21,863.00 16,978.00 23,150.00 - - - 21,863.00 16,978.00 23,150.00 21,863.00 16,978.00 23,150.00 - - - - - - - - - - - - 8,470.00 8,506.00 8,593.00 2.58 2.00 2.69 - - - 0.92 0.80 0.64 - - - - - - - - - - - - - - - - - - - - - - - - - - -

Microsoft Corporation - Income Statement

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- - - - - - - - - 2.60 2.55 2.69

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In Millions of USD (except for per share items) As of 2014-06-30 As of 2013-06-30Cash & Equivalents 8,669.00 3,804.00 Short Term Investments 76,796.00 72,971.00 Cash and Short Term Investments 85,465.00 76,775.00 Accounts Receivable - Trade, Net 19,544.00 17,486.00 Receivables - Other - - Total Receivables, Net 19,544.00 17,486.00 Total Inventory 2,660.00 1,938.00 Prepaid Expenses - - Other Current Assets, Total 6,577.00 5,267.00 Total Current Assets 114,246.00 101,466.00 Property/Plant/Equipment, Total - Gross 27,804.00 22,504.00 Accumulated Depreciation, Total (14,793.00) (12,513.00)Goodwill, Net 20,127.00 14,655.00 Intangibles, Net 6,981.00 3,083.00 Long Term Investments 14,590.00 10,844.00 Other Long Term Assets, Total 3,429.00 2,392.00 Total Assets 172,384.00 142,431.00 Accounts Payable 7,432.00 4,828.00 Accrued Expenses 4,797.00 4,117.00 Notes Payable/Short Term Debt 2,000.00 - Current Port. of LT Debt/Capital Leases - 2,999.00 Other Current liabilities, Total 31,396.00 25,473.00 Total Current Liabilities 45,625.00 37,417.00 Long Term Debt 20,645.00 12,601.00 Capital Lease Obligations - - Total Long Term Debt 20,645.00 12,601.00 Total Debt 22,645.00 15,600.00 Deferred Income Tax 2,728.00 1,709.00 Minority Interest - - Other Liabilities, Total 13,602.00 11,760.00 Total Liabilities 82,600.00 63,487.00 Redeemable Preferred Stock, Total - - Preferred Stock - Non Redeemable, Net - - Common Stock, Total 68,366.00 67,306.00 Additional Paid-In Capital - - Retained Earnings (Accumulated Deficit) 17,710.00 9,895.00 Treasury Stock - Common - - Other Equity, Total 177.00 (51.00)Total Equity 89,784.00 78,944.00 Total Liabilities & Shareholders' Equity 172,384.00 142,431.00 Shares Outs - Common Stock Primary Issue - - Total Common Shares Outstanding 8,239.00 8,328.00

Microsoft Corporation - Balance Sheet

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As of 2012-06-30 As of 2011-06-30 6,938.00 9,610.00 56,102.00 43,162.00 63,040.00 52,772.00 15,780.00 14,987.00 - - 15,780.00 14,987.00 1,137.00 1,372.00 - - 5,127.00 5,787.00 85,084.00 74,918.00 19,231.00 17,991.00 (10,962.00) (9,829.00) 13,452.00 12,581.00 3,170.00 744.00 9,776.00 10,865.00 1,520.00 1,434.00 121,271.00 108,704.00 4,175.00 4,197.00 3,875.00 3,575.00 - - 1,231.00 - 23,407.00 21,002.00 32,688.00 28,774.00 10,713.00 11,921.00 - - 10,713.00 11,921.00 11,944.00 11,921.00 1,893.00 1,456.00 - - 9,614.00 9,470.00 54,908.00 51,621.00 - - - - 65,797.00 63,415.00 - - (856.00) (8,195.00) - - (9.00) 42.00 66,363.00 57,083.00 121,271.00 108,704.00 - - 8,381.00 8,376.00

Microsoft Corporation - Balance Sheet

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In Millions of USD (except for per share items) 12 months ending 2014-06-30Net Income/Starting Line 22,074.00 Depreciation/Depletion 5,212.00 Amortization - Deferred Taxes (331.00)Non-Cash Items 4,652.00 Changes in Working Capital 624.00 Cash from Operating Activities 32,231.00 Capital Expenditures (5,485.00)Other Investing Cash Flow Items, Total (13,348.00)Cash from Investing Activities (18,833.00)Financing Cash Flow Items 232.00 Total Cash Dividends Paid (8,879.00)Issuance (Retirement) of Stock, Net (6,709.00)Issuance (Retirement) of Debt, Net 6,962.00 Cash from Financing Activities (8,394.00)Foreign Exchange Effects (139.00)Net Change in Cash 4,865.00 Cash Interest Paid, Supplemental 509.00 Cash Taxes Paid, Supplemental 5,500.00

Microsoft Corporation - Balance Sheet

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12 months ending 2013-06-30 12 months ending 2012-06-30 12 months ending 2011-06-30 21,863.00 16,978.00 23,150.00 3,755.00 2,967.00 2,766.00 - - - (19.00) 954.00 2.00 4,609.00 10,901.00 4,079.00 (1,375.00) (174.00) (3,003.00) 28,833.00 31,626.00 26,994.00 (4,257.00) (2,305.00) (2,355.00) (19,554.00) (22,481.00) (12,261.00) (23,811.00) (24,786.00) (14,616.00) 199.00 93.00 (23.00) (7,455.00) (6,385.00) (5,180.00) (4,429.00) (3,116.00) (9,133.00) 3,537.00 - 5,960.00 (8,148.00) (9,408.00) (8,376.00) (8.00) (104.00) 103.00 (3,134.00) (2,672.00) 4,105.00 371.00 344.00 197.00 3,900.00 3,500.00 5,300.00

Microsoft Corporation - Balance Sheet

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Daily Stock Prices - MSFTDate Open High Low Close Volume Adj Close Date

6/17/2015 45.73 46.07 45.36 45.97 28566300 45.97 12/31/20146/16/2015 45.35 46.24 45.3 45.83 26822500 45.83 12/31/20136/15/2015 45.45 45.65 45.02 45.48 30080100 45.48 12/31/20126/12/2015 46.22 46.47 45.9 45.97 23416200 45.97 12/30/20116/11/2015 46.66 46.92 46.13 46.44 27186700 46.446/10/2015 45.79 46.83 45.69 46.61 27952300 46.61

6/9/2015 45.76 45.94 45.46 45.65 24124700 45.656/8/2015 46.3 46.43 45.67 45.73 21822300 45.736/5/2015 46.31 46.52 45.84 46.14 25258900 46.146/4/2015 46.79 47.16 46.2 46.36 26868000 46.366/3/2015 47.37 47.74 46.82 46.85 27955200 46.856/2/2015 46.93 47.35 46.62 46.92 21283400 46.926/1/2015 47.06 47.77 46.62 47.23 28592900 47.23

5/29/2015 47.43 47.57 46.59 46.86 35428100 46.865/28/2015 47.5 48.02 47.39 47.45 19283700 47.455/27/2015 46.82 47.77 46.62 47.61 27335600 47.615/26/2015 46.83 46.88 46.19 46.59 29581900 46.595/22/2015 47.3 47.35 46.82 46.9 25720600 46.95/21/2015 47.28 47.6 47.01 47.42 22410700 47.425/20/2015 47.39 47.93 47.27 47.58 25047900 47.585/19/2015 47.56 47.81 47.18 47.58 28574800 47.585/18/2015 47.98 48.22 47.61 48.01 24136500 47.75/15/2015 48.87 48.91 48.05 48.3 28642700 47.988135/14/2015 48.03 48.82 48.03 48.72 32980900 48.405425/13/2015 48.19 48.32 47.57 47.63 34184600 47.322465/12/2015 46.85 47.68 46.42 47.35 29928300 47.044265/11/2015 47.55 47.91 47.37 47.37 24609400 47.06413

5/8/2015 47.55 47.98 47.52 47.75 35364900 47.441685/7/2015 46.27 47.09 46.16 46.7 32971700 46.398465/6/2015 47.57 47.77 46.02 46.28 52433000 45.981175/5/2015 47.82 48.16 47.31 47.6 50369200 47.292655/4/2015 48.37 48.87 48.18 48.24 34039500 47.928525/1/2015 48.58 48.88 48.4 48.66 38937300 48.3458

4/30/2015 48.7 49.54 48.6 48.64 64725500 48.325934/29/2015 48.72 49.31 48.5 49.06 47804600 48.743224/28/2015 47.78 49.21 47.7 49.16 60730800 48.842584/27/2015 47.23 48.13 47.22 48.03 59248200 47.719874/24/2015 45.66 48.14 45.65 47.87 1.31E+08 47.56094/23/2015 42.89 43.61 42.8 43.34 46309500 43.060164/22/2015 42.67 43.13 42.55 42.99 25064300 42.712424/21/2015 43 43.15 42.53 42.64 26013800 42.364674/20/2015 41.73 43.17 41.68 42.91 46057700 42.632934/17/2015 41.67 41.74 41.16 41.62 42387600 41.351264/16/2015 41.95 42.34 41.82 42.16 22509700 41.887774/15/2015 41.76 42.46 41.68 42.26 27343600 41.987134/14/2015 41.8 42.03 41.39 41.65 24244400 41.38107

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4/13/2015 41.4 42.06 41.39 41.76 30276700 41.490364/10/2015 41.63 41.95 41.41 41.72 28022000 41.45062

4/9/2015 41.25 41.62 41.25 41.48 25723900 41.212164/8/2015 41.46 41.69 41.04 41.42 24753400 41.152554/7/2015 41.61 41.91 41.31 41.53 28809400 41.261844/6/2015 40.34 41.78 40.18 41.55 39223700 41.281714/2/2015 40.66 40.74 40.12 40.29 37487500 40.029854/1/2015 40.6 40.76 40.31 40.72 36865300 40.45707

3/31/2015 40.78 41.03 40.54 40.66 34887200 40.397463/30/2015 41.1 41.54 40.91 40.96 35049700 40.695523/27/2015 41.12 41.43 40.83 40.97 34401400 40.705463/26/2015 41.22 41.61 40.92 41.21 37495600 40.943913/25/2015 42.92 42.93 41.44 41.46 43469900 41.192293/24/2015 42.78 43.17 42.75 42.9 25513300 42.6233/23/2015 42.88 43.13 42.78 42.86 26246100 42.583263/20/2015 42.56 42.98 42.49 42.88 71904500 42.603133/19/2015 42.26 42.59 42.22 42.29 33879100 42.016943/18/2015 41.43 42.83 41.33 42.5 44194800 42.225583/17/2015 41.37 41.83 41.15 41.7 31673400 41.430753/16/2015 41.47 41.64 41.28 41.56 35273500 41.291653/13/2015 40.7 41.47 40.61 41.38 58007700 41.112813/12/2015 41.33 41.65 40.86 41.02 59992500 40.755143/11/2015 42.31 42.37 41.84 41.98 32215300 41.708943/10/2015 42.35 42.71 42.03 42.03 39159700 41.75861

3/9/2015 42.19 43.13 42.19 42.85 32108000 42.573323/6/2015 43 43.11 42.15 42.36 36248800 42.086483/5/2015 43.07 43.24 42.82 43.11 23193500 42.831643/4/2015 43.01 43.21 42.88 43.06 25748700 42.781963/3/2015 43.56 43.83 43.09 43.28 31748600 43.000543/2/2015 43.67 44.19 43.55 43.88 31924000 43.59667

2/27/2015 44.13 44.2 43.66 43.85 33807700 43.566862/26/2015 43.99 44.23 43.89 44.06 28957300 43.775512/25/2015 43.95 44.09 43.8 43.99 29759800 43.705962/24/2015 44.15 44.3 43.92 44.09 25271700 43.805312/23/2015 43.7 44.19 43.65 44.15 32518800 43.864932/20/2015 43.51 43.88 43.29 43.86 29721100 43.57682/19/2015 43.18 43.53 43.05 43.5 27603400 43.219122/18/2015 43.63 43.7 43.39 43.53 27111700 43.248932/17/2015 43.97 44 43.19 43.58 33695700 43.298612/13/2015 43.38 43.87 43.15 43.87 40264900 43.278732/12/2015 42.66 43.09 42.51 43.09 33268800 42.509252/11/2015 42.65 42.65 42.21 42.38 38262500 41.808822/10/2015 42.74 42.77 42.18 42.6 29670700 42.02585

2/9/2015 42.24 42.74 42.21 42.36 31381100 41.789092/6/2015 42.68 42.79 42.15 42.41 34311700 41.838412/5/2015 42.22 42.64 41.86 42.45 36548200 41.877872/4/2015 41.94 42.21 41.36 41.84 41614800 41.276092/3/2015 41.63 41.93 41.05 41.6 52082400 41.03933

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2/2/2015 40.59 41.37 40.23 41.28 50352500 40.723641/30/2015 41.55 41.58 40.35 40.4 78004900 39.85551/29/2015 40.93 42.12 40.79 42.01 63585300 41.44381/28/2015 42.74 42.79 41.16 41.19 84507100 40.634851/27/2015 42.95 43.2 42.11 42.66 1.69E+08 42.085041/26/2015 47 47.13 46.24 47.01 42525500 46.376411/23/2015 47.36 47.39 46.8 47.18 26211600 46.544121/22/2015 46.38 47.14 46.08 47.13 35898000 46.49481/21/2015 45.94 46.14 45.48 45.92 39081100 45.30111/20/2015 46.3 46.65 45.57 46.39 36161900 45.764771/16/2015 45.31 46.28 45.17 46.24 35695300 45.616791/15/2015 46.22 46.38 45.41 45.48 32742300 44.867041/14/2015 45.96 46.24 45.62 45.96 29719600 45.340571/13/2015 46.97 47.91 46.06 46.36 35270600 45.735181/12/2015 47.42 47.54 46.36 46.6 23651900 45.97194

1/9/2015 47.61 47.82 46.9 47.19 23942800 46.553991/8/2015 46.75 47.75 46.72 47.59 29645200 46.94861/7/2015 45.98 46.46 45.49 46.23 29114100 45.606931/6/2015 46.38 46.75 45.54 45.65 36447900 45.034751/5/2015 46.37 46.73 46.25 46.33 39673900 45.705581/2/2015 46.66 47.42 46.54 46.76 27913900 46.12978

12/31/2014 46.73 47.44 46.45 46.45 21552500 45.8239612/30/2014 47.44 47.62 46.84 47.02 16384700 46.3862812/29/2014 47.7 47.78 47.26 47.45 14439500 46.8104912/26/2014 48.41 48.41 47.82 47.88 13197800 47.2346912/24/2014 48.64 48.64 48.08 48.14 11437800 47.4911812/23/2014 48.37 48.8 48.13 48.45 23648100 47.7970112/22/2014 47.78 48.12 47.71 47.98 26566000 47.3333412/19/2014 47.63 48.1 47.17 47.66 64551200 47.0176512/18/2014 46.58 47.52 46.34 47.52 40105600 46.8795412/17/2014 45.05 45.95 44.9 45.74 34970900 45.1235312/16/2014 45.9 46.34 45.13 45.16 47801400 44.5513512/15/2014 47.2 47.67 46.55 46.67 29247800 46.04112/12/2014 46.78 47.73 46.67 46.95 34248400 46.3172212/11/2014 47.08 47.74 46.68 47.17 29060400 46.5342612/10/2014 47.58 47.66 46.7 46.9 30431800 46.2679

12/9/2014 47.11 47.92 47.05 47.59 24330500 46.948612/8/2014 48.26 48.35 47.45 47.7 26663100 47.0571212/5/2014 48.82 48.97 48.38 48.42 27313400 47.7674112/4/2014 48.39 49.06 48.2 48.84 30320400 48.1817512/3/2014 48.44 48.5 47.81 48.08 23534800 47.43212/2/2014 48.84 49.05 48.2 48.46 25743000 47.8068712/1/2014 47.88 48.78 47.71 48.62 31191600 47.96471

11/28/2014 47.95 48.2 47.61 47.81 21534400 47.1656311/26/2014 47.49 47.99 47.28 47.75 27163600 47.1064411/25/2014 47.66 47.97 47.45 47.47 28007900 46.8302211/24/2014 47.99 48 47.39 47.59 35434200 46.948611/21/2014 49.02 49.05 47.57 47.98 42883100 47.33334

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11/20/2014 48 48.7 47.87 48.7 21500700 48.0436411/19/2014 48.66 48.75 47.93 48.22 26176800 47.5701111/18/2014 49.13 49.33 48.7 48.74 23995500 48.083111/17/2014 49.41 49.71 49.14 49.46 30315500 48.4875711/14/2014 49.74 50.05 49.39 49.58 29081700 48.6052211/13/2014 48.81 49.65 48.71 49.61 26208800 48.6346211/12/2014 48.56 48.92 48.52 48.78 22722000 47.8209411/11/2014 48.85 48.95 48.65 48.87 23445200 47.9091711/10/2014 48.65 49.15 48.55 48.89 36370100 47.92878

11/7/2014 48.92 48.92 48.29 48.68 28000600 47.7229111/6/2014 47.86 48.86 47.79 48.7 33037800 47.7425211/5/2014 47.8 47.9 47.26 47.86 22449600 46.9190311/4/2014 47.3 47.73 47.25 47.57 21530800 46.6347311/3/2014 46.89 47.46 46.73 47.44 23130400 46.50729

10/31/2014 46.94 46.97 46.48 46.95 35849700 46.0269210/30/2014 46.32 46.32 45.77 46.05 30073900 45.1446210/29/2014 46.44 46.7 46.34 46.62 30276100 45.7034110/28/2014 45.86 46.5 45.77 46.49 29024600 45.5759710/27/2014 45.71 46.1 45.71 45.91 30371300 45.0073710/24/2014 46.83 46.9 45.18 46.13 61076700 45.2230410/23/2014 44.62 45.45 44.53 45.02 45451900 44.1348710/22/2014 45 45.07 44.23 44.38 33570900 43.5074510/21/2014 44.36 44.98 44.19 44.88 36433800 43.9976210/20/2014 43.06 44.14 42.81 44.08 34527900 43.2133510/17/2014 43.2 43.94 42.79 43.63 40683300 42.772210/16/2014 42.53 43.08 42.22 42.74 49040400 41.899710/15/2014 43 43.39 42.1 43.22 60218700 42.3702610/14/2014 43.87 44.38 43.56 43.73 38115700 42.8702310/13/2014 43.82 44.56 43.49 43.65 37100200 42.791810/10/2014 45.6 46.12 43.95 44.03 51978100 43.16433

10/9/2014 46.5 46.8 45.74 45.85 34422800 44.9485510/8/2014 45.48 46.89 45.34 46.78 33031000 45.8602610/7/2014 45.86 45.93 45.42 45.53 25723700 44.6348410/6/2014 46.12 46.3 45.92 46.09 20604000 45.1838310/3/2014 45.98 46.3 45.61 46.09 32453200 45.1838310/2/2014 45.83 46.1 45.64 45.76 25119400 44.8603210/1/2014 46.27 46.53 45.85 45.9 38088400 44.997579/30/2014 46.37 46.48 46.01 46.36 33033100 45.448529/29/2014 45.98 46.56 45.76 46.44 26091000 45.526959/26/2014 45.93 46.62 45.76 46.41 27078800 45.497549/25/2014 46.88 47.09 46.03 46.04 33077400 45.134819/24/2014 46.63 47.11 46.34 47.08 26582700 46.154379/23/2014 46.85 46.98 46.47 46.56 33430300 45.644599/22/2014 47.3 47.38 46.98 47.06 38686100 46.134769/19/2014 46.81 47.57 46.6 47.52 2.03E+08 46.585729/18/2014 46.59 46.83 46.46 46.68 35556600 45.762239/17/2014 46.26 46.69 46.23 46.52 38311900 45.605389/16/2014 46.39 46.85 46.29 46.76 27910600 45.84066

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9/15/2014 46.54 46.71 46.1 46.24 37667600 45.330889/12/2014 46.91 47.02 46.6 46.7 38244700 45.781849/11/2014 46.74 47 46.47 47 29216400 46.075949/10/2014 46.82 46.94 46.28 46.84 27302400 45.91908

9/9/2014 46.47 46.97 46.42 46.76 40302400 45.840669/8/2014 46.02 46.8 45.99 46.47 45736700 45.556369/5/2014 45.11 45.93 45.11 45.91 36939400 45.007379/4/2014 44.74 45.27 44.72 45.26 26475500 44.370159/3/2014 44.53 45.11 44.53 44.96 33684500 44.076059/2/2014 45.43 45.46 44.85 45.09 22976800 44.20349

8/29/2014 45.09 45.44 44.86 45.43 21607600 44.536818/28/2014 44.75 44.98 44.61 44.88 17657600 43.997628/27/2014 44.9 45 44.76 44.87 21287900 43.987828/26/2014 45.31 45.4 44.94 45.01 14873100 44.125068/25/2014 45.4 45.44 45.04 45.17 16910000 44.281928/22/2014 45.35 45.47 45.07 45.15 18294500 44.262318/21/2014 44.84 45.25 44.83 45.22 22285500 44.330948/20/2014 45.34 45.4 44.9 44.95 24770500 44.066248/19/2014 44.97 45.34 44.83 45.33 28139500 44.438778/18/2014 44.94 45.11 44.68 45.11 26891100 43.94868/15/2014 44.58 44.9 44.4 44.79 41611300 43.636848/14/2014 44.08 44.42 44.01 44.27 19313200 43.130238/13/2014 43.68 44.18 43.52 44.08 22889500 42.945128/12/2014 43.04 43.59 43 43.52 21431100 42.399548/11/2014 43.26 43.45 43.02 43.2 20351600 42.08778

8/8/2014 43.23 43.32 42.91 43.2 28942700 42.087788/7/2014 42.84 43.45 42.65 43.23 30314900 42.1178/6/2014 42.74 43.17 42.21 42.74 24634000 41.639628/5/2014 43.31 43.46 42.83 43.08 26266400 41.970878/4/2014 42.97 43.47 42.81 43.37 34277400 42.25348/1/2014 43.21 43.25 42.6 42.86 31170300 41.75653

7/31/2014 43.38 43.69 43.08 43.16 31537500 42.048817/30/2014 44.07 44.1 43.29 43.58 31921400 42.457997/29/2014 43.91 44.09 43.64 43.89 27763100 42.760017/28/2014 44.36 44.51 43.93 43.97 29684200 42.837957/25/2014 44.3 44.66 44.3 44.5 26737700 43.354317/24/2014 44.93 45 44.32 44.4 30725300 43.256887/23/2014 45.45 45.45 44.62 44.87 52362900 43.714787/22/2014 45 45.15 44.59 44.83 43095800 43.675817/21/2014 44.56 45.16 44.22 44.84 37604400 43.685557/18/2014 44.65 44.84 44.25 44.69 43407500 43.539417/17/2014 45.45 45.71 44.25 44.53 82180300 43.383537/16/2014 42.51 44.31 42.48 44.08 63318000 42.945127/15/2014 42.33 42.47 42.03 42.45 28748700 41.357097/14/2014 42.22 42.45 42.04 42.14 21881100 41.055077/11/2014 41.7 42.09 41.48 42.09 24083000 41.006357/10/2014 41.37 42 41.05 41.69 21854700 40.61665

7/9/2014 41.98 41.99 41.53 41.67 18445900 40.59717

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7/8/2014 41.87 42 41.61 41.78 31218200 40.704337/7/2014 41.75 42.12 41.71 41.99 21952400 40.908937/3/2014 41.91 41.99 41.56 41.8 15969300 40.723827/2/2014 41.73 41.9 41.53 41.9 20208100 40.821257/1/2014 41.86 42.15 41.69 41.87 26917000 40.79202

6/30/2014 42.17 42.21 41.7 41.7 30805500 40.62646/27/2014 41.61 42.29 41.51 42.25 74640000 41.162246/26/2014 41.93 41.94 41.43 41.72 23604400 40.645886/25/2014 41.7 42.05 41.46 42.03 20049100 40.94796/24/2014 41.83 41.94 41.56 41.75 26509100 40.675116/23/2014 41.73 42 41.69 41.99 18743900 40.908936/20/2014 41.45 41.83 41.38 41.68 47764900 40.606916/19/2014 41.57 41.77 41.33 41.51 19828200 40.441296/18/2014 41.61 41.74 41.18 41.65 27097000 40.577686/17/2014 41.29 41.91 40.34 41.68 22518600 40.606916/16/2014 41.04 41.61 41.04 41.5 24205300 40.431546/13/2014 41.1 41.57 40.86 41.23 26310000 40.16856/12/2014 40.81 40.88 40.29 40.58 29818900 39.535236/11/2014 40.93 41.07 40.77 40.86 18040000 39.808026/10/2014 41.03 41.16 40.86 41.11 15117700 40.05159

6/9/2014 41.39 41.48 41.02 41.27 15019200 40.207476/6/2014 41.48 41.66 41.24 41.48 24060500 40.412066/5/2014 40.59 41.25 40.4 41.21 31865200 40.149016/4/2014 40.21 40.37 39.86 40.32 23209000 39.281926/3/2014 40.6 40.68 40.25 40.29 18068900 39.25276/2/2014 40.95 41.09 40.68 40.79 18504300 39.73982

5/30/2014 40.45 40.97 40.25 40.94 34567600 39.885965/29/2014 40.15 40.35 39.91 40.34 19888200 39.301415/28/2014 40.14 40.19 39.82 40.01 25711500 38.97995/27/2014 40.26 40.26 39.81 40.19 26160600 39.155275/23/2014 40.37 40.37 40 40.12 18020000 39.087075/22/2014 40.29 40.35 39.85 40.1 20201800 39.067595/21/2014 39.8 40.35 39.74 40.35 22398700 39.311155/20/2014 39.68 39.94 39.46 39.68 21320900 38.65845/19/2014 39.61 39.82 39.46 39.75 24537400 38.72665/16/2014 39.67 39.84 39.27 39.83 29867100 38.804545/15/2014 40.09 40.4 39.51 39.6 37793200 38.580465/14/2014 40.3 40.45 40.05 40.24 18818700 39.203995/13/2014 39.92 40.5 39.85 40.42 27004800 39.379355/12/2014 39.74 40.02 39.65 39.97 22782600 38.66815

5/9/2014 39.54 39.85 39.37 39.54 29647600 38.252155/8/2014 39.34 39.9 38.97 39.64 32120400 38.348895/7/2014 39.22 39.51 38.51 39.42 41744500 38.136065/6/2014 39.29 39.35 38.95 39.06 27112400 37.787785/5/2014 39.52 39.64 39.3 39.43 22460900 38.145735/2/2014 40.31 40.34 39.66 39.69 43416600 38.397265/1/2014 40.24 40.36 39.95 40 28787400 38.69717

4/30/2014 40.4 40.5 40.17 40.4 35458700 39.08414

Page 15: Name Surname MSFT Ratios

4/29/2014 41.1 41.19 40.39 40.51 29636200 39.190554/28/2014 40.14 41.29 40.09 40.87 50610200 39.538834/25/2014 40.29 40.68 39.75 39.91 56876800 38.61014/24/2014 39.74 39.97 39.3 39.86 42381600 38.561734/23/2014 39.99 39.99 39.47 39.69 24602800 38.397264/22/2014 39.96 40.14 39.83 39.99 27056700 38.687494/21/2014 40.13 40.15 39.79 39.94 22221200 38.639124/17/2014 40.01 40.2 39.51 40.01 36689400 38.706844/16/2014 40.06 40.42 39.91 40.4 30615800 39.084144/15/2014 39.34 39.96 39.05 39.75 33968700 38.455314/14/2014 39.11 39.41 38.9 39.18 32006600 37.903884/11/2014 39 39.79 39 39.21 34330200 37.93294/10/2014 40.44 40.69 39.09 39.36 45960800 38.07801

4/9/2014 39.93 40.55 39.88 40.47 27398700 39.151864/8/2014 39.75 39.93 39.2 39.82 35918600 38.523034/7/2014 39.96 40.27 39.74 39.8 37559600 38.503684/4/2014 41.25 41.39 39.64 39.87 51409600 38.57144/3/2014 41.29 41.29 40.71 41.01 30139600 39.674274/2/2014 41.44 41.66 41.17 41.35 28666700 40.003194/1/2014 41.15 41.59 41.07 41.42 32605000 40.07091

3/31/2014 40.43 41.5 40.4 40.99 46886300 39.654923/28/2014 39.79 40.64 39.68 40.3 43472700 38.987393/27/2014 39.74 39.97 39.34 39.36 35369200 38.078013/26/2014 40.48 40.71 39.6 39.79 41977500 38.494013/25/2014 40.66 40.99 39.96 40.34 43193100 39.026093/24/2014 40.34 40.64 39.86 40.5 46098400 39.180883/21/2014 40.72 40.94 40.01 40.16 80721800 38.851963/20/2014 39.25 40.65 39.24 40.33 59269800 39.016423/19/2014 39.47 39.55 38.91 39.27 35597200 37.990943/18/2014 38.26 39.9 38.22 39.55 64063900 38.261823/17/2014 37.9 38.41 37.79 38.05 20479600 36.810683/14/2014 37.65 38.14 37.51 37.7 27195600 36.472083/13/2014 38.42 38.45 37.64 37.89 32169700 36.655893/12/2014 37.8 38.43 37.79 38.27 30494100 37.023513/11/2014 37.87 38.23 37.72 38.02 25216400 36.781663/10/2014 37.99 38.01 37.72 37.82 19006600 36.58817

3/7/2014 38.28 38.36 37.69 37.9 26591600 36.665573/6/2014 38.14 38.24 37.89 38.15 23582200 36.907423/5/2014 38.25 38.27 37.93 38.11 20520100 36.868733/4/2014 38.2 38.48 38.07 38.41 26802400 37.158953/3/2014 37.92 38.13 37.49 37.78 29717500 36.54947

2/28/2014 37.98 38.46 37.82 38.31 41215000 37.062212/27/2014 37.45 37.89 37.23 37.86 33903400 36.626872/26/2014 37.58 37.74 37.19 37.47 41041800 36.249572/25/2014 37.61 37.85 37.35 37.54 30736500 36.317292/24/2014 37.69 37.98 37.54 37.69 32085100 36.46242/21/2014 37.94 38.35 37.86 37.98 38021300 36.742962/20/2014 37.57 37.87 37.4 37.75 27526100 36.52045

Page 16: Name Surname MSFT Ratios

2/19/2014 37.22 37.75 37.21 37.51 29750400 36.288272/18/2014 37.63 37.78 37.41 37.42 32834000 36.20122/14/2014 37.39 37.78 37.33 37.62 31407500 36.12382/13/2014 37.33 37.86 37.33 37.61 37635500 36.11422/12/2014 37.35 37.6 37.3 37.47 27051800 35.979772/11/2014 36.88 37.26 36.86 37.17 32141400 35.69172/10/2014 36.63 36.8 36.29 36.8 26767000 35.33642

2/7/2014 36.32 36.59 36.01 36.56 33260500 35.105962/6/2014 35.8 36.25 35.69 36.18 35351800 34.741082/5/2014 36.29 36.47 35.8 35.82 55814400 34.395392/4/2014 36.97 37.19 36.25 36.35 54697900 34.904312/3/2014 37.74 37.99 36.43 36.48 64063100 35.02914

1/31/2014 36.95 37.89 36.56 37.84 93162300 36.335061/30/2014 36.79 36.88 36.23 36.86 35036300 35.394031/29/2014 35.98 36.88 35.9 36.66 52745900 35.201991/28/2014 36.12 36.39 35.75 36.27 36205500 34.82751/27/2014 36.87 36.89 35.98 36.03 44420800 34.597041/24/2014 37.45 37.55 36.53 36.81 76395500 35.346021/23/2014 36.09 36.13 35.52 36.06 43954000 34.625851/22/2014 36.26 36.32 35.75 35.93 21904300 34.501021/21/2014 36.82 36.82 36.06 36.17 31567300 34.731471/17/2014 36.83 36.83 36.15 36.38 46267500 34.933121/16/2014 36.69 37 36.31 36.89 38018700 35.422841/15/2014 35.9 36.79 35.85 36.76 44812600 35.298011/14/2014 34.73 35.88 34.63 35.78 41623300 34.356981/13/2014 35.99 36.02 34.83 34.98 45901900 33.58881/10/2014 35.9 36.15 35.75 36.04 40548800 34.60665

1/9/2014 35.88 35.91 35.4 35.53 36516300 34.116931/8/2014 36 36.14 35.58 35.76 59971700 34.337781/7/2014 36.33 36.49 36.21 36.41 35802800 34.961931/6/2014 36.85 36.89 36.11 36.13 43603700 34.693071/3/2014 37.2 37.22 36.6 36.91 31134800 35.442041/2/2014 37.35 37.4 37.1 37.16 30632200 35.6821

12/31/2013 37.4 37.58 37.22 37.41 17503500 35.9221612/30/2013 37.22 37.38 36.9 37.29 16290500 35.8069312/27/2013 37.58 37.62 37.17 37.29 14563000 35.8069312/26/2013 37.2 37.49 37.17 37.44 17612800 35.9509612/24/2013 36.72 37.17 36.64 37.08 14243000 35.6052812/23/2013 36.81 36.89 36.55 36.62 25128700 35.1635812/20/2013 36.2 36.93 36.19 36.8 62649100 35.3364212/19/2013 36.51 36.55 36.08 36.25 34160100 34.8082912/18/2013 36.36 36.6 35.53 36.58 63192100 35.1251712/17/2013 36.94 37.11 36.33 36.52 45687700 35.0675512/16/2013 36.73 37 36.54 36.89 31734200 35.4228412/13/2013 37.42 37.45 36.62 36.69 40066100 35.2307912/12/2013 37.64 37.64 37.18 37.22 36012800 35.7397212/11/2013 38.06 38.3 37.39 37.61 39853400 36.114212/10/2013 38.61 38.9 38.02 38.11 37828600 36.59432

Page 17: Name Surname MSFT Ratios

12/9/2013 38.56 38.87 38.37 38.71 30286000 37.1704512/6/2013 38.42 38.55 37.99 38.36 36457300 36.8343812/5/2013 38.85 38.88 37.18 38 1.16E+08 36.4886912/4/2013 38.21 38.98 38.12 38.94 51983600 37.3913112/3/2013 38.14 38.49 38.08 38.31 52109800 36.7863612/2/2013 38.09 38.78 38.06 38.45 42950400 36.9208

11/29/2013 37.82 38.29 37.82 38.13 22090400 36.6135211/27/2013 37.57 37.76 37.49 37.6 26002100 36.104611/26/2013 37.57 37.65 37.35 37.35 34465300 35.8645411/25/2013 37.93 37.95 37.57 37.64 30646800 36.1430111/22/2013 37.53 37.68 37.33 37.57 27982000 36.0757911/21/2013 37.27 37.53 37.26 37.4 23064700 35.9125611/20/2013 36.92 37.41 36.86 37.08 32229900 35.6052811/19/2013 36.85 37.23 36.67 36.74 44275000 35.2788111/18/2013 37.35 37.58 37.07 37.2 53277500 35.4516511/15/2013 37.95 38.02 37.72 37.84 50601300 36.0615711/14/2013 37.87 38.13 37.72 38.02 46183700 36.2331111/13/2013 36.98 38.16 36.9 38.16 44957600 36.3665311/12/2013 37.38 37.6 37.2 37.36 31651600 35.6041311/11/2013 37.69 37.78 37.35 37.59 26872500 35.82332

11/8/2013 37.67 37.78 37.34 37.78 36737800 36.0043811/7/2013 37.96 38.01 37.43 37.5 60437400 35.7375511/6/2013 37.24 38.22 37.06 38.18 88948800 36.3855911/5/2013 35.79 36.71 35.77 36.64 51681900 34.9179611/4/2013 35.59 35.98 35.55 35.94 28060700 34.2508611/1/2013 35.67 35.69 35.39 35.53 40264600 33.86013

10/31/2013 35.66 35.69 35.34 35.41 41682300 33.7457710/30/2013 35.53 35.79 35.43 35.54 36997700 33.8696610/29/2013 35.63 35.72 35.26 35.52 31702200 33.850610/28/2013 35.61 35.73 35.27 35.57 38383600 33.8982510/25/2013 35.88 36.29 35.47 35.73 1.13E+08 34.0507310/24/2013 33.82 34.1 33.57 33.72 53209700 32.135210/23/2013 34.35 34.49 33.67 33.76 58600500 32.1733210/22/2013 35.02 35.1 34.52 34.58 40438500 32.9547810/21/2013 34.98 35.2 34.91 34.99 27433500 33.3455110/18/2013 34.82 34.99 34.33 34.96 41811700 33.3169210/17/2013 34.45 34.99 34.37 34.92 31359200 33.278810/16/2013 34.6 34.9 34.56 34.64 35111600 33.0119610/15/2013 34.67 34.99 34.47 34.49 47097800 32.8690110/14/2013 33.9 34.5 33.78 34.45 27757900 32.8308910/11/2013 33.68 34.14 33.68 34.13 30033300 32.5259310/10/2013 33.31 33.89 33.26 33.76 42875100 32.17332

10/9/2013 33.07 33.35 32.96 33.07 35878600 31.5157510/8/2013 33.31 33.33 32.8 33.01 41017600 31.4585710/7/2013 33.6 33.71 33.2 33.3 35069300 31.7349410/4/2013 33.69 33.99 33.62 33.88 33008100 32.2876810/3/2013 33.88 34 33.42 33.86 38703800 32.2686210/2/2013 33.36 34.03 33.29 33.92 46946800 32.3258

Page 18: Name Surname MSFT Ratios

10/1/2013 33.35 33.61 33.3 33.58 36718700 32.001789/30/2013 33 33.31 32.7 33.28 39839500 31.715889/27/2013 32.88 33.75 32.87 33.27 55348000 31.706359/26/2013 32.64 33 32.59 32.77 28504000 31.229859/25/2013 32.49 32.8 32.4 32.51 28907500 30.982079/24/2013 32.87 32.87 32.15 32.45 40685000 30.924899/23/2013 32.54 32.97 32.5 32.74 39826100 31.201269/20/2013 33.41 33.48 32.69 32.79 1.03E+08 31.248919/19/2013 33.48 33.68 33.32 33.64 42026600 32.058969/18/2013 32.99 33.4 32.83 33.32 64099900 31.7549/17/2013 33.42 33.47 32.9 32.93 84716500 31.382339/16/2013 33.38 33.5 32.73 32.8 52839700 31.258449/13/2013 32.77 33.07 32.51 33.03 40899000 31.477639/12/2013 32.72 32.78 32.59 32.69 32860200 31.153619/11/2013 32.57 32.93 32.53 32.74 39087500 31.201269/10/2013 31.9 32.4 31.79 32.39 56881200 30.86771

9/9/2013 31.22 31.79 31.2 31.66 49628500 30.172029/6/2013 31.31 31.39 31.13 31.15 75434900 29.685999/5/2013 31.1 31.44 30.95 31.23 71644900 29.762239/4/2013 31.39 31.47 31.11 31.2 1.42E+08 29.733649/3/2013 31.75 32.07 31.29 31.88 1.55E+08 30.38168

8/30/2013 33.37 33.48 33.09 33.4 42790200 31.830248/29/2013 32.93 33.6 32.8 33.55 45284700 31.973198/28/2013 33.39 33.6 33 33.02 44257400 31.46818/27/2013 33.52 34.1 33.15 33.26 58522300 31.696828/26/2013 34.4 34.67 34.03 34.15 72786800 32.544998/23/2013 35.17 35.2 34 34.75 2.25E+08 33.116798/22/2013 32.19 32.49 32.1 32.39 31169900 30.867718/21/2013 31.61 32.01 31.54 31.61 37409100 30.124378/20/2013 31.44 31.9 31.37 31.62 22979600 30.13398/19/2013 31.76 31.97 31.38 31.39 27902500 29.914718/16/2013 31.79 31.99 31.66 31.8 32866300 30.305448/15/2013 32 32.18 30.84 31.79 33338000 30.295918/14/2013 32.14 33.36 31.7 32.35 48519600 30.829598/13/2013 32.51 32.55 32.21 32.23 39464100 30.715238/12/2013 32.46 32.97 32.46 32.87 25493700 31.10596

8/9/2013 32.77 32.9 32.47 32.7 26800700 30.945088/8/2013 32.24 33.07 32.05 32.89 59034400 31.124898/7/2013 31.54 32.1 31.25 32.06 38078600 30.339438/6/2013 31.55 31.67 31.38 31.58 36331500 29.885198/5/2013 31.9 32 31.64 31.7 30984000 29.998758/2/2013 31.69 31.9 31.57 31.89 29199900 30.178558/1/2013 32.06 32.09 31.6 31.67 42557900 29.97036

7/31/2013 31.97 32.05 31.71 31.84 43898400 30.131247/30/2013 31.78 32.12 31.55 31.85 45799500 30.14077/29/2013 31.47 31.6 31.4 31.54 28870700 29.847347/26/2013 31.26 31.62 31.21 31.62 38633600 29.923047/25/2013 31.62 31.65 31.25 31.39 63213000 29.70539

Page 19: Name Surname MSFT Ratios

7/24/2013 32.04 32.19 31.89 31.96 52803100 30.24487/23/2013 31.91 32.04 31.71 31.82 65810400 30.112317/22/2013 31.7 32.01 31.6 32.01 79040700 30.292117/19/2013 32.4 32.67 31.02 31.4 2.48E+08 29.714857/18/2013 35.72 35.89 35.22 35.44 49547100 33.538037/17/2013 36.34 36.39 35.49 35.74 37285100 33.821947/16/2013 36.01 36.43 35.96 36.27 36378500 34.323497/15/2013 35.66 36.22 35.58 36.17 34142600 34.228867/12/2013 35.58 35.73 35.28 35.67 35501200 33.755697/11/2013 35 35.77 34.9 35.69 53638300 33.774627/10/2013 34.34 34.81 34.32 34.7 29658800 32.83775

7/9/2013 34.58 34.6 34.14 34.35 25318500 32.506537/8/2013 34.35 34.59 33.98 34.33 32396900 32.487617/5/2013 34.09 34.24 33.58 34.21 26085900 32.374057/3/2013 33.66 34.37 33.6 34.01 15994400 32.184787/2/2013 34.41 34.44 33.63 33.94 37630000 32.118537/1/2013 34.75 34.99 34.33 34.36 31055400 32.516

6/28/2013 34.38 34.79 34.34 34.54 65545500 32.686346/27/2013 34.52 34.78 34.5 34.62 28993100 32.762046/26/2013 34.12 34.48 33.89 34.35 48665900 32.506536/25/2013 34.08 34.38 33.46 33.67 44073400 31.863026/24/2013 32.94 34.2 32.57 33.72 56109000 31.910346/21/2013 33.66 33.73 33.05 33.27 85338500 31.484496/20/2013 34.26 34.33 33.37 33.49 54493700 31.692696/19/2013 34.96 35.09 34.59 34.59 30816200 32.733656/18/2013 34.97 35.17 34.9 34.98 28616500 33.102726/17/2013 34.69 35.16 34.63 35 49670100 33.121656/14/2013 34.55 34.69 34.25 34.4 53192600 32.553856/13/2013 34.99 35.02 34.59 34.72 45654900 32.856686/12/2013 35.14 35.27 34.85 35 37372700 33.121656/11/2013 35.05 35.18 34.68 34.84 39435900 32.970246/10/2013 35.51 35.65 35.14 35.47 35994500 33.56643

6/7/2013 35.25 35.78 35.06 35.67 40757300 33.755696/6/2013 34.84 35.11 34.49 34.96 37618500 33.083796/5/2013 34.6 34.89 34.43 34.78 46025100 32.913456/4/2013 35.62 35.74 34.77 34.99 65529500 33.112196/3/2013 34.92 35.63 34.83 35.59 51252600 33.67999

5/31/2013 34.82 35.28 34.79 34.9 56165700 33.027025/30/2013 34.85 35.25 34.81 35.03 51131000 33.150045/29/2013 34.74 35.02 34.57 34.88 38412200 33.008095/28/2013 34.42 35.18 34.41 35.02 48212100 33.140585/24/2013 33.92 34.28 33.9 34.27 33174400 32.430835/23/2013 34.23 34.55 33.9 34.15 51102700 32.317275/22/2013 34.79 34.84 34.36 34.61 66047500 32.752585/21/2013 35.1 35.27 34.72 34.85 48702400 32.97975/20/2013 34.73 35.1 34.68 35.08 54020800 33.197365/17/2013 34.13 34.87 34.1 34.87 60666700 32.998625/16/2013 33.64 34.15 33.55 34.08 59382900 32.25102

Page 20: Name Surname MSFT Ratios

5/15/2013 33.45 33.9 33.43 33.85 46303900 32.033365/14/2013 32.86 33.53 32.8 33.53 56870100 31.730545/13/2013 32.61 33.07 32.55 33.03 36027600 31.039725/10/2013 32.67 32.72 32.32 32.69 36394900 30.7202

5/9/2013 32.85 33 32.59 32.66 46417800 30.692015/8/2013 33.07 33.24 32.65 32.99 51595700 31.002135/7/2013 33.65 33.79 33.24 33.31 43078300 31.302855/6/2013 33.42 33.91 33.25 33.75 40978300 31.716335/3/2013 33.23 33.52 33.08 33.49 46784600 31.4725/2/2013 32.63 33.17 32.39 33.16 46059500 31.161885/1/2013 32.93 33.08 32.6 32.72 54330900 30.7484

4/30/2013 32.56 33.11 32.28 33.1 75165200 31.10554/29/2013 31.8 32.68 31.77 32.61 59116400 30.645034/26/2013 31.9 31.98 31.45 31.79 47799300 29.874444/25/2013 31.71 32.84 31.54 31.94 1.11E+08 30.01544/24/2013 30.62 31.92 30.6 31.76 90946600 29.846244/23/2013 30.7 30.9 30.38 30.6 59126900 28.756144/22/2013 30.3 31.18 30.27 30.83 1.38E+08 28.972284/19/2013 29.62 30.24 29.61 29.77 99790700 27.976154/18/2013 28.95 28.98 28.5 28.79 56906600 27.055214/17/2013 28.85 29.04 28.6 28.83 52840700 27.09284/16/2013 28.9 29.14 28.7 28.97 52797300 27.224364/15/2013 28.65 28.98 28.51 28.69 56332900 26.961234/12/2013 28.85 29.02 28.66 28.79 62886300 27.055214/11/2013 29.1 29.2 28.73 28.94 1.31E+08 27.196174/10/2013 29.57 30.32 29.52 30.28 71116700 28.45542

4/9/2013 28.73 29.82 28.68 29.61 77733800 27.82584/8/2013 28.73 28.73 28.47 28.59 34759500 26.867264/5/2013 28.22 28.78 28.11 28.7 50927300 26.970634/4/2013 28.39 28.61 28.27 28.6 45263200 26.876664/3/2013 28.75 28.95 28.54 28.56 35062800 26.839064/2/2013 28.59 28.85 28.52 28.8 28456500 27.06464/1/2013 28.64 28.66 28.36 28.61 29201100 26.88605

3/28/2013 28.32 28.66 28.26 28.61 55453800 26.886053/27/2013 28.14 28.45 28.08 28.37 36047400 26.660513/26/2013 28.24 28.34 28.11 28.16 27824300 26.463173/25/2013 28.3 28.35 27.96 28.16 44154000 26.463173/22/2013 28.19 28.34 28.1 28.25 28720900 26.547743/21/2013 28.11 28.36 28.05 28.11 34233200 26.416183/20/2013 28.34 28.49 28.18 28.32 35447800 26.613533/19/2013 28.12 28.22 28.03 28.18 51901600 26.481963/18/2013 27.88 28.28 27.81 28.1 44809400 26.406783/15/2013 28.03 28.16 27.98 28.04 92710300 26.35043/14/2013 28 28.16 27.93 28.14 55914800 26.444373/13/2013 27.87 28.02 27.75 27.92 29093400 26.237633/12/2013 27.84 27.95 27.64 27.91 39255200 26.228233/11/2013 27.94 27.97 27.67 27.87 36627500 26.19064

3/8/2013 28.25 28.33 27.96 28 37667800 26.31281

Page 21: Name Surname MSFT Ratios

3/7/2013 28.11 28.28 28.01 28.14 29196700 26.444373/6/2013 28.21 28.23 27.78 28.09 51448500 26.397393/5/2013 28.29 28.54 28.16 28.35 41432200 26.641723/4/2013 27.85 28.15 27.7 28.15 38157500 26.453773/1/2013 27.72 27.98 27.52 27.95 34849700 26.26582

2/28/2013 27.88 27.97 27.74 27.8 35840200 26.124862/27/2013 27.42 28 27.33 27.81 36394700 26.134262/26/2013 27.38 27.6 27.34 27.37 49923300 25.720772/25/2013 27.97 28.05 27.37 27.37 48011800 25.720772/22/2013 27.68 27.76 27.48 27.76 31425900 26.087272/21/2013 27.74 27.74 27.23 27.49 49078500 25.833542/20/2013 28.13 28.2 27.83 27.87 44110200 26.190642/19/2013 27.88 28.09 27.8 28.05 38781400 26.35982/15/2013 28.04 28.16 27.88 28.01 49650900 26.106072/14/2013 27.92 28.06 27.87 28.04 32663200 26.134032/13/2013 27.93 28.11 27.88 28.03 41715600 26.124712/12/2013 27.88 28 27.75 27.88 35990900 25.98492/11/2013 27.65 27.92 27.5 27.86 32247700 25.96626

2/8/2013 27.35 27.71 27.31 27.55 33318500 25.677332/7/2013 27.35 27.39 27.1 27.28 38028300 25.425692/6/2013 27.38 27.54 27.25 27.34 41889600 25.481612/5/2013 27.62 27.66 27.36 27.5 35410400 25.630732/4/2013 27.87 28.02 27.42 27.44 50540000 25.574812/1/2013 27.67 28.05 27.55 27.93 55565900 26.0315

1/31/2013 27.79 27.97 27.4 27.45 50530000 25.584131/30/2013 28.01 28.19 27.76 27.85 43580500 25.956941/29/2013 27.82 28.13 27.6 28.01 49242600 26.106071/28/2013 28.01 28.23 27.76 27.91 56056500 26.012861/25/2013 27.58 28.23 27.39 27.88 81847700 25.98491/24/2013 27.7 28.07 27.47 27.63 1.02E+08 25.75191/23/2013 27.2 27.64 27.2 27.61 50387700 25.733261/22/2013 27.3 27.45 27 27.15 58650600 25.304521/18/2013 27.1 27.29 27.04 27.25 52167700 25.397731/17/2013 27.19 27.47 27.06 27.25 51685900 25.397731/16/2013 27.15 27.23 27.01 27.04 41077400 25.2021/15/2013 26.83 27.29 26.83 27.21 48244500 25.360441/14/2013 26.9 27.08 26.76 26.89 48324400 25.06221/11/2013 26.49 26.93 26.28 26.83 55512100 25.006271/10/2013 26.65 26.98 26.29 26.46 71431300 24.66142

1/9/2013 26.72 26.75 26.56 26.7 49047900 24.885111/8/2013 26.75 26.79 26.46 26.55 44703100 24.745311/7/2013 26.77 26.88 26.64 26.69 37110400 24.875791/4/2013 27.27 27.34 26.73 26.74 52521100 24.922391/3/2013 27.63 27.65 27.16 27.25 48294400 25.397731/2/2013 27.25 27.73 27.15 27.62 52899300 25.74258

12/31/2012 26.59 26.77 26.37 26.71 42749500 24.8944312/28/2012 26.71 26.9 26.55 26.55 28239900 24.7453112/27/2012 26.89 27.09 26.57 26.96 39394000 25.12744

Page 22: Name Surname MSFT Ratios

12/26/2012 27.03 27.2 26.7 26.86 31631100 25.0342412/24/2012 27.2 27.25 27 27.06 20842400 25.2206412/21/2012 27.45 27.49 27 27.45 98776500 25.5841312/20/2012 27.36 27.68 27.15 27.68 52607300 25.798512/19/2012 27.69 27.73 27.25 27.31 53519900 25.4536512/18/2012 27.25 27.63 27.14 27.56 50486900 25.6866512/17/2012 26.79 27.22 26.68 27.1 42046100 25.2579212/14/2012 27.11 27.13 26.7 26.81 42077500 24.9876312/13/2012 27.32 27.52 26.95 27.11 45080100 25.2672412/12/2012 27.53 27.62 27.08 27.24 43966300 25.3884112/11/2012 27.05 27.49 27.05 27.32 52282800 25.4629712/10/2012 26.56 26.97 26.52 26.94 47031100 25.1088

12/7/2012 26.82 26.82 26.37 26.46 46162100 24.6614212/6/2012 26.81 26.98 26.61 26.73 39182300 24.9130712/5/2012 26.38 26.93 26.26 26.67 68283800 24.8571512/4/2012 26.5 26.63 26.34 26.37 49777500 24.5775412/3/2012 26.78 26.82 26.4 26.43 53173800 24.63346

11/30/2012 27.05 27.13 26.49 26.62 83690200 24.8105511/29/2012 27.11 27.36 26.86 26.95 69551400 25.1181211/28/2012 27.01 27.39 26.77 27.36 53018400 25.5002511/27/2012 27.36 27.38 27.04 27.08 45018600 25.2392811/26/2012 27.54 27.58 27.17 27.39 85198700 25.5282111/23/2012 27.23 27.77 27.2 27.7 57845700 25.8171411/21/2012 26.71 27.17 26.67 26.95 66360300 25.1181211/20/2012 26.76 26.8 26.46 26.71 47070400 24.8944311/19/2012 26.8 26.8 26.47 26.73 57179300 24.9130711/16/2012 26.67 26.7 26.34 26.52 64083300 24.7173511/15/2012 26.88 26.97 26.63 26.66 50955600 24.8478311/14/2012 27.24 27.29 26.8 26.84 76086100 25.015611/13/2012 27.02 27.3 26.75 27.09 1.32E+08 25.248611/12/2012 28.94 29.01 28.21 28.22 61112300 26.08742

11/9/2012 28.88 29.19 28.81 28.83 43291200 26.6513311/8/2012 29.12 29.37 28.8 28.81 49841800 26.6328411/7/2012 29.53 29.83 29.05 29.08 57871800 26.8824411/6/2012 29.82 30.2 29.61 29.86 43401500 27.6034911/5/2012 29.62 29.74 29.33 29.63 38070800 27.3908711/2/2012 29.59 29.77 29.33 29.5 57131600 27.270711/1/2012 28.84 29.56 28.82 29.52 72047900 27.28919

10/31/2012 28.55 28.88 28.5 28.54 69464100 26.3832410/26/2012 27.86 28.34 27.84 28.21 57790000 26.0781810/25/2012 28.19 28.2 27.86 27.88 54084300 25.7731210/24/2012 28.16 28.2 27.87 27.9 53320400 25.7916110/23/2012 27.77 28.2 27.76 28.05 64414800 25.9302710/22/2012 28.73 28.83 27.83 28 83374000 25.8840510/19/2012 29.05 29.08 28.5 28.64 90470800 26.4756910/18/2012 29.65 29.73 29.26 29.5 59238500 27.270710/17/2012 29.3 29.64 29.09 29.59 44206100 27.353910/16/2012 29.45 29.74 29.32 29.49 47739400 27.26145

Page 23: Name Surname MSFT Ratios

10/15/2012 29.37 29.72 29.25 29.51 42440200 27.2799410/12/2012 28.97 29.32 28.8 29.2 46464700 26.9933710/11/2012 29.22 29.25 28.87 28.95 41488500 26.7622610/10/2012 29.15 29.31 28.95 28.98 47227100 26.78999

10/9/2012 29.68 29.74 29.18 29.28 45121100 27.0673210/8/2012 29.64 29.92 29.55 29.78 29752000 27.5295410/5/2012 30.23 30.25 29.74 29.85 41133900 27.5942510/4/2012 29.97 30.03 29.57 30.03 43634900 27.7606510/3/2012 29.75 29.99 29.67 29.86 46655900 27.6034910/2/2012 29.68 29.89 29.5 29.66 43338900 27.4186110/1/2012 29.81 29.98 29.42 29.49 54042700 27.261459/28/2012 30.18 30.26 29.74 29.76 54229300 27.511059/27/2012 30.17 30.4 29.89 30.16 47129900 27.880829/26/2012 30.28 30.6 30.04 30.17 54672000 27.890069/25/2012 30.95 31 30.36 30.39 54266400 28.093449/24/2012 31 31.07 30.64 30.78 46825900 28.453979/21/2012 31.43 31.61 31.09 31.19 1.02E+08 28.832989/20/2012 30.95 31.48 30.91 31.45 45543000 29.073349/19/2012 31.09 31.19 31.04 31.05 48871900 28.703569/18/2012 31.1 31.21 31.03 31.18 34542700 28.823749/17/2012 31.19 31.26 31.04 31.21 36488500 28.851479/14/2012 31.01 31.25 30.81 31.21 51422800 28.851479/13/2012 30.89 31.18 30.4 30.94 45047300 28.601889/12/2012 30.94 31.18 30.73 30.78 32775800 28.453979/11/2012 30.69 30.91 30.61 30.79 25191800 28.463219/10/2012 30.83 30.9 30.51 30.72 40524000 28.3985

9/7/2012 31.04 31.07 30.73 30.95 42649100 28.611129/6/2012 30.5 31.36 30.46 31.35 48371700 28.980899/5/2012 30.22 30.53 30.21 30.39 33650000 28.093449/4/2012 30.45 30.66 30.15 30.39 48556700 28.09344

8/31/2012 30.6 30.96 30.38 30.82 36590100 28.490948/30/2012 30.53 30.61 30.22 30.32 23982100 28.028738/29/2012 30.65 30.75 30.44 30.65 23346800 28.333798/28/2012 30.7 30.8 30.52 30.63 23947900 28.31538/27/2012 30.93 30.96 30.59 30.69 34691100 28.370778/24/2012 30.25 30.63 30.18 30.56 22943300 28.250598/23/2012 30.39 30.4 30.08 30.26 28355600 27.973268/22/2012 30.59 30.76 30.47 30.54 33437400 28.23218/21/2012 30.76 30.96 30.61 30.8 28822700 28.472468/20/2012 30.82 30.85 30.58 30.74 23737700 28.416998/17/2012 30.92 30.92 30.59 30.9 32589900 28.56498/16/2012 30.36 30.94 30.26 30.78 35787200 28.453978/15/2012 30.11 30.28 30.02 30.2 24351000 27.91788/14/2012 30.3 30.39 30.01 30.13 34551400 27.853098/13/2012 30.35 30.46 30.16 30.39 23049100 27.908558/10/2012 30.5 30.62 30.25 30.42 27810300 27.9361

8/9/2012 30.39 30.65 30.3 30.5 24920800 28.009578/8/2012 30.21 30.47 30.11 30.33 26257600 27.85345

Page 24: Name Surname MSFT Ratios

8/7/2012 30.07 30.35 29.87 30.26 28002900 27.789178/6/2012 30 30.11 29.81 29.95 27471800 27.504488/3/2012 29.53 29.94 29.48 29.75 35859400 27.320818/2/2012 29.21 29.53 28.97 29.19 39520500 26.806548/1/2012 29.59 29.65 29.21 29.41 31721800 27.00857

7/31/2012 29.48 29.71 29.33 29.47 37620900 27.063677/30/2012 29.75 29.82 29.46 29.64 28905000 27.219797/27/2012 29.48 29.85 29.18 29.76 44242600 27.337/26/2012 29.23 29.5 29.09 29.16 45301400 26.778997/25/2012 29.24 29.33 28.78 28.83 45579500 26.475937/24/2012 29.24 29.36 28.9 29.15 47723300 26.76987/23/2012 29.57 29.58 29.01 29.28 55151900 26.889197/20/2012 31 31.05 30.05 30.12 64021700 27.66067/19/2012 30.51 30.8 30.38 30.67 46663200 28.165697/18/2012 29.6 30.45 29.46 30.45 41090400 27.963657/17/2012 29.64 29.86 29.2 29.66 33771300 27.238167/16/2012 29.48 29.53 29.04 29.44 27900600 27.036127/13/2012 28.76 29.48 28.72 29.39 39085000 26.990217/12/2012 29.15 29.18 28.54 28.63 63523600 26.292267/11/2012 29.71 29.74 29.11 29.3 39184900 26.907557/10/2012 30.08 30.22 29.51 29.74 37534100 27.31163

7/9/2012 30.12 30.23 29.78 30 30680800 27.55047/6/2012 30.61 30.7 29.95 30.19 38294800 27.724887/5/2012 30.59 30.78 30.38 30.7 28801900 28.193247/3/2012 30.23 30.76 30.17 30.76 20938100 28.248347/2/2012 30.62 30.62 30.21 30.56 30589100 28.06467

6/29/2012 30.45 30.69 30.14 30.59 55227200 28.092226/28/2012 29.98 30.05 29.42 29.91 45328400 27.467756/27/2012 30.19 30.5 30.03 30.17 33781700 27.706526/26/2012 30 30.27 29.94 30.02 38421300 27.568776/25/2012 30.3 30.32 29.62 29.87 42217200 27.431016/22/2012 30.3 30.73 30.03 30.7 45098100 28.193246/21/2012 30.96 31.14 30.06 30.14 48456600 27.678976/20/2012 30.93 31.05 30.64 30.93 36257100 28.404466/19/2012 30.19 31.11 30.05 30.7 75725800 28.193246/18/2012 29.99 30.03 29.71 29.84 58679900 27.403466/15/2012 29.59 30.08 29.49 30.02 62314400 27.568776/14/2012 29.33 29.46 28.88 29.34 39458900 26.944296/13/2012 29.22 29.44 29.05 29.13 32984600 26.751446/12/2012 29.1 29.3 28.84 29.29 35337900 26.898376/11/2012 29.73 29.81 28.82 28.9 46361900 26.54022

6/8/2012 29.21 29.68 29.05 29.65 42551100 27.228986/7/2012 29.64 29.7 29.17 29.23 37792800 26.843276/6/2012 28.88 29.37 28.81 29.35 46860500 26.953476/5/2012 28.51 28.75 28.39 28.51 45715400 26.182066/4/2012 28.62 28.78 28.32 28.55 47926300 26.218796/1/2012 28.76 28.96 28.44 28.45 56634300 26.12696

5/31/2012 29.3 29.42 28.94 29.19 39134000 26.80654

Page 25: Name Surname MSFT Ratios

5/30/2012 29.35 29.48 29.12 29.34 41585500 26.944295/29/2012 29.38 29.72 29.22 29.56 37758800 27.146335/25/2012 29.2 29.36 29.01 29.06 29507200 26.687155/24/2012 29.16 29.3 28.76 29.07 52575000 26.696345/23/2012 29.35 29.4 28.64 29.11 65171000 26.733075/22/2012 29.69 29.88 29.5 29.76 39504900 27.335/21/2012 29.1 29.79 29.06 29.75 38787900 27.320815/18/2012 29.79 29.81 29.17 29.27 56205300 26.880015/17/2012 29.99 30.21 29.71 29.72 48484000 27.293265/16/2012 30.31 30.32 29.74 29.9 60083700 27.458565/15/2012 30.64 30.8 30.15 30.21 61822800 27.743255/14/2012 30.82 31.04 30.64 30.68 40528900 27.99125/11/2012 30.69 31.54 30.69 31.16 43459300 28.429145/10/2012 30.86 31.02 30.45 30.74 43839200 28.04595

5/9/2012 30.19 30.83 30.1 30.76 50309300 28.064195/8/2012 30.48 30.78 30.17 30.5 46328300 27.826985/7/2012 30.7 30.86 30.57 30.65 48641400 27.963835/4/2012 31.45 31.57 30.92 30.98 57927200 28.264915/3/2012 31.88 31.9 31.61 31.76 31501300 28.976555/2/2012 31.85 31.93 31.64 31.8 37385300 29.013055/1/2012 32.05 32.34 31.95 32.01 43832300 29.20464

4/30/2012 31.98 32.11 31.92 32.02 35697200 29.213774/27/2012 32.12 32.22 31.88 31.98 41419100 29.177274/26/2012 32.12 32.23 31.92 32.11 40308100 29.295884/25/2012 31.92 32.32 31.87 32.2 62495500 29.377994/24/2012 32.21 32.52 31.83 31.92 40871100 29.122534/23/2012 32.31 32.5 32.03 32.12 61398200 29.3054/20/2012 32.15 32.89 32.05 32.42 1.06E+08 29.578714/19/2012 31.13 31.68 30.94 31.01 54781200 28.292284/18/2012 31.28 31.31 31.04 31.14 40552900 28.410894/17/2012 31.27 31.61 31.2 31.44 34361500 28.68464/16/2012 30.99 31.19 30.77 31.08 38124800 28.356154/13/2012 30.89 31.16 30.72 30.81 39749200 28.109814/12/2012 30.48 31.04 30.42 30.98 38304000 28.264914/11/2012 30.43 30.53 30.23 30.35 43014000 27.690134/10/2012 31.06 31.19 30.3 30.47 54131300 27.79961

4/9/2012 31.22 31.4 30.97 31.1 31056400 28.37444/5/2012 31.15 31.63 31.05 31.52 50368600 28.757594/4/2012 31.66 31.69 31.05 31.21 49455900 28.474754/3/2012 32.16 32.19 31.66 31.94 42752100 29.140784/2/2012 32.22 32.46 31.95 32.29 35853600 29.4601

3/30/2012 32.4 32.41 32.04 32.26 31749400 29.432733/29/2012 32.06 32.19 31.81 32.12 37038500 29.3053/28/2012 32.52 32.7 32.04 32.19 41344800 29.368873/27/2012 32.65 32.7 32.4 32.52 36274900 29.669953/26/2012 32.19 32.61 32.15 32.59 36758300 29.733813/23/2012 32.1 32.11 31.72 32.01 35912200 29.204643/22/2012 31.81 32.09 31.79 32 31749500 29.19552

Page 26: Name Surname MSFT Ratios

3/21/2012 31.96 32.15 31.82 31.91 37928600 29.113413/20/2012 32.1 32.15 31.74 31.99 41566800 29.18643/19/2012 32.54 32.61 32.15 32.2 44789200 29.377993/16/2012 32.91 32.95 32.5 32.6 65626400 29.742933/15/2012 32.79 32.94 32.58 32.85 49068300 29.971023/14/2012 32.53 32.88 32.49 32.77 41986900 29.898043/13/2012 32.24 32.69 32.15 32.67 48951700 29.80683/12/2012 31.97 32.2 31.82 32.04 34073600 29.23201

3/9/2012 32.1 32.16 31.92 31.99 34628400 29.18643/8/2012 32.04 32.21 31.9 32.01 36747400 29.204643/7/2012 31.67 31.92 31.53 31.84 34340400 29.049543/6/2012 31.54 31.98 31.49 31.56 51932900 28.794083/5/2012 32.01 32.05 31.62 31.8 45240000 29.013053/2/2012 32.31 32.44 32 32.08 47314200 29.268513/1/2012 31.93 32.39 31.85 32.29 77344100 29.4601

2/29/2012 31.89 32 31.61 31.74 59323600 28.958312/28/2012 31.41 31.93 31.38 31.87 45230600 29.076912/27/2012 31.24 31.5 31.1 31.35 34568400 28.602492/24/2012 31.48 31.5 31.24 31.48 35575400 28.721092/23/2012 31.2 31.59 31 31.37 35034700 28.620732/22/2012 31.45 31.68 31.18 31.27 49253200 28.52952/21/2012 31.18 31.61 31.15 31.44 50829900 28.68462/17/2012 31.2 31.32 30.95 31.25 70036500 28.511252/16/2012 30.31 31.55 30.3 31.29 94705100 28.547742/15/2012 30.33 30.39 30.03 30.05 43311300 27.416422/14/2012 30.33 30.46 29.85 30.25 59644000 27.598892/13/2012 30.63 30.77 30.43 30.58 33319800 27.71752/10/2012 30.64 30.8 30.36 30.5 44605300 27.64498

2/9/2012 30.68 30.8 30.48 30.77 50481600 27.889712/8/2012 30.26 30.67 30.22 30.66 49659100 27.790012/7/2012 30.15 30.49 30.05 30.35 39242400 27.509032/6/2012 30.04 30.22 29.97 30.2 28039700 27.373072/3/2012 30.14 30.4 30.09 30.24 41838500 27.409322/2/2012 29.9 30.17 29.71 29.95 52223300 27.146472/1/2012 29.79 30.05 29.76 29.89 67409900 27.09208

1/31/2012 29.66 29.7 29.23 29.53 50572400 26.765781/30/2012 28.97 29.62 28.83 29.61 51114800 26.83831/27/2012 29.45 29.53 29.17 29.23 44187700 26.493871/26/2012 29.61 29.7 29.4 29.5 49102800 26.738591/25/2012 29.07 29.65 29.07 29.56 59231700 26.792981/24/2012 29.47 29.57 29.18 29.34 51703300 26.593571/23/2012 29.55 29.95 29.35 29.73 76078100 26.947061/20/2012 28.82 29.74 28.75 29.71 1.66E+08 26.928931/19/2012 28.16 28.44 28.03 28.12 74053500 25.487771/18/2012 28.31 28.4 27.97 28.23 64860600 25.587471/17/2012 28.4 28.65 28.17 28.26 72395300 25.614661/13/2012 27.93 28.25 27.79 28.25 60196100 25.60561/12/2012 27.87 28.02 27.65 28 49370800 25.379

Page 27: Name Surname MSFT Ratios

1/11/2012 27.43 27.98 27.37 27.72 65582400 25.125211/10/2012 27.93 28.15 27.75 27.84 60014400 25.23398

1/9/2012 28.05 28.1 27.72 27.74 59706800 25.143341/6/2012 27.53 28.19 27.53 28.11 99455500 25.478711/5/2012 27.38 27.73 27.29 27.68 56081400 25.088961/4/2012 26.82 27.47 26.78 27.4 80516100 24.835171/3/2012 26.55 26.96 26.39 26.77 64731500 24.26414

12/30/2011 26 26.12 25.91 25.96 27395700 23.5299612/29/2011 25.95 26.05 25.86 26.02 22616900 23.5843512/28/2011 26.11 26.15 25.76 25.82 29822500 23.4030712/27/2011 25.96 26.14 25.93 26.04 21287200 23.6024712/23/2011 25.91 26.04 25.73 26.03 23205800 23.5934112/22/2011 25.82 25.86 25.48 25.81 35794100 23.39412/21/2011 26.01 26.19 25.44 25.76 64132500 23.3486812/20/2011 25.86 26.1 25.81 26.03 60767600 23.5934112/19/2011 26.02 26.12 25.46 25.53 52258300 23.1402112/16/2011 25.67 26.17 25.63 26 1.01E+08 23.5662212/15/2011 25.72 25.88 25.54 25.56 46213900 23.167412/14/2011 25.72 25.86 25.57 25.59 47926400 23.194612/13/2011 25.75 26.1 25.65 25.76 54581100 23.3486812/12/2011 25.41 25.57 25.29 25.51 38945900 23.12208

12/9/2011 25.52 25.87 25.5 25.7 53788500 23.294312/8/2011 25.48 25.72 25.37 25.4 60522200 23.0223812/7/2011 25.67 25.76 25.34 25.6 62667000 23.2036612/6/2011 25.81 25.87 25.61 25.66 46175300 23.2580412/5/2011 25.78 25.8 25.5 25.7 56818400 23.294312/2/2011 25.59 25.62 25.16 25.22 52293800 22.8592312/1/2011 25.56 25.63 25.2 25.28 48545400 22.91361

11/30/2011 25.37 25.59 25.14 25.58 81350900 23.1855311/29/2011 24.82 25.04 24.75 24.84 40917100 22.514811/28/2011 24.94 24.97 24.69 24.87 46766700 22.5419911/25/2011 24.38 24.67 24.3 24.3 26164600 22.0253511/23/2011 24.61 24.79 24.47 24.47 49099700 22.1794311/22/2011 24.89 24.96 24.65 24.79 49204500 22.4694811/21/2011 25.24 25.25 24.9 25 61882500 22.6598211/18/2011 25.48 25.5 25.15 25.3 47626200 22.9317411/17/2011 26.01 26.04 25.44 25.54 70977500 23.1492811/16/2011 26.47 26.51 26.04 26.07 53262800 23.6296611/15/2011 26.56 26.94 26.4 26.74 43874200 24.2369511/14/2011 26.88 27 26.65 26.76 34199200 24.073811/11/2011 26.58 27.08 26.57 26.91 37903000 24.2087411/10/2011 26.47 26.5 26.12 26.28 32514400 23.64198

11/9/2011 26.59 26.75 26.06 26.2 62950900 23.5700111/8/2011 27.01 27.2 26.69 27.16 47822500 24.4336411/7/2011 26.21 26.82 26.13 26.8 42589700 24.1097811/4/2011 26.38 26.4 26 26.25 36549200 23.6149911/3/2011 26.24 26.59 25.98 26.53 65836100 23.8668811/2/2011 26.1 26.2 25.7 26.01 53533100 23.39908

Page 28: Name Surname MSFT Ratios

11/1/2011 26.19 26.32 25.86 25.99 61182600 23.3810910/31/2011 26.76 27 26.62 26.63 46799000 23.9568510/28/2011 27.14 27.19 26.79 26.98 57712100 24.2717110/27/2011 27.13 27.4 26.65 27.25 74512400 24.5146110/26/2011 27.03 27.06 26.1 26.59 63029900 23.9208610/25/2011 27.08 27.23 26.72 26.81 53554600 24.1187810/24/2011 27.06 27.4 27.04 27.19 56897800 24.4606310/21/2011 27.15 27.19 26.8 27.16 76620600 24.4336410/20/2011 27.26 27.34 26.4 27.04 76300200 24.3256910/19/2011 27.37 27.47 27.01 27.13 42880000 24.4066510/18/2011 26.94 27.4 26.8 27.31 52487900 24.5685910/17/2011 27.11 27.42 26.85 26.98 39453300 24.2717110/14/2011 27.31 27.5 27.02 27.27 50947700 24.532610/13/2011 26.76 27.2 26.62 27.18 43823500 24.4516410/12/2011 27.18 27.31 26.9 26.96 52489800 24.2537210/11/2011 26.86 27.07 26.72 27 38826200 24.2897110/10/2011 26.58 26.97 26.47 26.94 41815300 24.23573

10/7/2011 26.34 26.51 26.2 26.25 52741600 23.6149910/6/2011 25.9 26.4 25.7 26.34 55111400 23.6959610/5/2011 25.42 26.16 25.16 25.89 94061300 23.2911310/4/2011 24.3 25.39 24.26 25.34 83485400 22.7963410/3/2011 24.72 25.34 24.52 24.53 64592500 22.067659/30/2011 25.2 25.5 24.88 24.89 54060500 22.391519/29/2011 25.98 26.17 25.09 25.45 63407300 22.89539/28/2011 25.93 26.37 25.51 25.58 60736200 23.012259/27/2011 25.66 25.92 25.45 25.67 55620700 23.093219/26/2011 25.19 25.52 24.73 25.44 51057600 22.88639/23/2011 24.9 25.15 24.69 25.06 64768100 22.544449/22/2011 25.3 25.65 24.6 25.06 96278300 22.544449/21/2011 27.05 27.06 25.97 25.99 72750700 23.381099/20/2011 27.31 27.5 26.93 26.98 49211900 24.271719/19/2011 26.8 27.31 26.6 27.21 52324900 24.478629/16/2011 27.05 27.27 26.83 27.12 89681500 24.397669/15/2011 26.73 27.03 26.31 26.99 67808300 24.280719/14/2011 26.17 26.8 25.89 26.5 66739200 23.83999/13/2011 25.92 26.19 25.81 26.04 48792300 23.426079/12/2011 25.44 25.93 25.27 25.89 55046100 23.29113

9/9/2011 26 26.18 25.5 25.74 64529200 23.156199/8/2011 26 26.66 25.95 26.22 65811900 23.5889/7/2011 25.69 26 25.57 26 41961000 23.390099/6/2011 25.2 25.59 25.11 25.51 54929300 22.949279/2/2011 25.78 26 25.66 25.8 43894400 23.210169/1/2011 26.46 26.86 26.21 26.21 60510800 23.57901

8/31/2011 26.29 26.71 26.26 26.6 59300800 23.929868/30/2011 25.73 26.43 25.7 26.23 57341400 23.5978/29/2011 25.53 25.86 25.37 25.84 38863200 23.246158/26/2011 24.51 25.34 24.42 25.25 71957000 22.715378/25/2011 25.08 25.16 24.5 24.57 48192000 22.10363

Page 29: Name Surname MSFT Ratios

8/24/2011 24.65 24.93 24.42 24.9 45329700 22.400518/23/2011 24.03 24.75 24.03 24.72 59670600 22.238578/22/2011 24.42 24.49 23.79 23.98 54721000 21.572868/19/2011 24.41 24.62 23.91 24.05 77397900 21.635838/18/2011 24.57 25.09 24.03 24.67 1.06E+08 22.193598/17/2011 25.25 25.7 24.93 25.25 50923700 22.715378/16/2011 25.22 25.59 25.05 25.35 54251500 22.805338/15/2011 25.24 25.58 25.15 25.51 56529400 22.805338/12/2011 25.13 25.34 24.65 25.1 64787100 22.43888/11/2011 24.5 25.38 24.4 25.19 90690100 22.519268/10/2011 24.95 25.09 24.1 24.2 1.28E+08 21.63423

8/9/2011 24.71 25.62 24.03 25.58 1.26E+08 22.867918/8/2011 25.02 25.6 24.39 24.48 1.34E+08 21.884548/5/2011 25.97 26.1 25.23 25.68 1.12E+08 22.957318/4/2011 26.53 26.87 25.93 25.94 92949500 23.189748/3/2011 26.83 27 26.48 26.92 64581200 24.065848/2/2011 26.98 27.45 26.76 26.8 63883100 23.958568/1/2011 27.51 27.69 26.75 27.27 61838400 24.37873

7/29/2011 27.52 27.71 27.26 27.4 1.04E+08 24.494957/28/2011 27.29 28.07 27.21 27.72 83761400 24.781027/27/2011 27.88 27.99 27.2 27.33 71488700 24.432377/26/2011 27.82 28.15 27.78 28.08 74636500 25.102857/25/2011 27.26 28.09 27.19 27.91 1.08E+08 24.950887/22/2011 26.86 27.55 26.68 27.53 76380600 24.611177/21/2011 27.04 27.31 26.65 27.1 81737400 24.226767/20/2011 27.28 27.35 26.98 27.06 49795400 24.1917/19/2011 26.81 27.64 26.78 27.54 86730600 24.620117/18/2011 26.63 26.9 26.26 26.59 44501900 23.770837/15/2011 26.47 26.93 26.47 26.78 49132400 23.940687/14/2011 26.62 27.01 26.36 26.47 46382300 23.663557/13/2011 26.6 26.96 26.51 26.63 40861800 23.806597/12/2011 26.55 26.79 26.34 26.54 47319300 23.726137/11/2011 26.62 26.8 26.49 26.63 43999800 23.80659

7/8/2011 26.54 26.98 26.51 26.92 58320700 24.065847/7/2011 26.49 26.88 26.36 26.77 51946500 23.931747/6/2011 25.97 26.37 25.96 26.33 48744200 23.538397/5/2011 26.1 26.15 25.9 26.03 37805300 23.27027/1/2011 25.93 26.17 25.84 26.02 52906200 23.26126

6/30/2011 25.74 26 25.66 26 52535400 23.243386/29/2011 25.71 25.71 25.36 25.62 66051000 22.903676/28/2011 25.3 25.92 25.16 25.8 81032100 23.064596/27/2011 24.23 25.46 24.23 25.2 92044200 22.52826/24/2011 24.51 24.54 24.19 24.3 1.01E+08 21.723626/23/2011 24.44 24.65 24.2 24.63 59470400 22.018636/22/2011 24.6 24.81 24.59 24.65 44287300 22.036516/21/2011 24.52 24.86 24.4 24.76 49708700 22.134856/20/2011 24.17 24.66 24.16 24.47 54338400 21.87566/17/2011 24.22 24.3 23.98 24.26 83320400 21.68786

Page 30: Name Surname MSFT Ratios

6/16/2011 23.75 24.1 23.65 24 57184100 21.455436/15/2011 24 24.01 23.67 23.74 49410200 21.2236/14/2011 24.3 24.45 24.19 24.22 42894500 21.65216/13/2011 23.79 24.19 23.7 24.04 47572500 21.491196/10/2011 24.02 24.02 23.69 23.71 49327200 21.19618

6/9/2011 24.01 24.04 23.82 23.96 42878700 21.419676/8/2011 23.9 24.02 23.86 23.94 42205000 21.401796/7/2011 24.09 24.17 23.9 24.06 41112600 21.509076/6/2011 23.89 24.25 23.77 24.01 54778700 21.464376/3/2011 24.05 24.14 23.84 23.91 60697700 21.374976/2/2011 24.49 24.65 24.18 24.22 51487800 21.65216/1/2011 24.99 25.1 24.37 24.43 74033500 21.83984

5/31/2011 24.96 25.06 24.7 25.01 60196300 22.358355/27/2011 24.68 24.9 24.65 24.76 50251000 22.134855/26/2011 24.35 25.03 24.32 24.67 78016600 22.054395/25/2011 24.17 24.31 24.16 24.19 34904200 21.625295/24/2011 24.2 24.29 24.04 24.15 47691800 21.589535/23/2011 24.21 24.25 24.03 24.17 52692500 21.607415/20/2011 24.72 24.87 24.44 24.49 45451500 21.893485/19/2011 24.85 24.88 24.5 24.72 37783600 22.099095/18/2011 24.53 24.74 24.25 24.69 53931100 22.072275/17/2011 24.4 24.7 24.27 24.52 82882100 21.92035/16/2011 24.96 25.07 24.5 24.57 91350900 21.821965/13/2011 25.28 25.32 24.95 25.03 66812300 22.230515/12/2011 25.35 25.39 25.1 25.32 77400000 22.488085/11/2011 25.65 25.66 25.21 25.36 78600000 22.52365/10/2011 25.38 25.85 25.25 25.67 1.21E+08 22.79893

5/9/2011 25.8 25.96 25.67 25.83 38696400 22.941035/6/2011 26.07 26.22 25.75 25.87 55993000 22.976565/5/2011 26.05 26.08 25.68 25.79 55600000 22.905515/4/2011 25.85 26.25 25.79 26.06 73292300 23.145315/3/2011 25.6 25.85 25.49 25.81 71892900 22.923275/2/2011 25.94 26 25.48 25.66 89825600 22.79005

4/29/2011 26.55 26.64 25.36 25.92 3.19E+08 23.020974/28/2011 26.46 26.87 26.4 26.71 80200000 23.722614/27/2011 26.3 26.39 26.13 26.38 52689000 23.429524/26/2011 25.74 26.44 25.67 26.19 69200000 23.260774/25/2011 25.56 25.62 25.34 25.61 33525100 22.745644/21/2011 25.79 25.89 25.36 25.52 46892300 22.665714/20/2011 25.54 26 25.51 25.76 61608600 22.878864/19/2011 25 25.17 24.87 25.15 38892400 22.337094/18/2011 25.1 25.28 24.72 25.08 58045100 22.274924/15/2011 25.46 25.56 25.18 25.37 65080400 22.532484/14/2011 25.42 25.44 25.09 25.42 55239900 22.576894/13/2011 25.65 25.87 25.56 25.63 38144700 22.76344/12/2011 25.83 25.85 25.55 25.64 36920400 22.772284/11/2011 26.19 26.25 25.8 25.98 34286300 23.07426

4/8/2011 26.17 26.28 25.96 26.07 39887600 23.15419

Page 31: Name Surname MSFT Ratios

4/7/2011 26.19 26.26 25.97 26.2 46134700 23.269654/6/2011 25.98 26.31 25.86 26.15 65581400 23.225244/5/2011 25.82 26.18 25.74 25.78 73651100 22.896634/4/2011 25.45 25.66 25.41 25.55 35433700 22.692354/1/2011 25.53 25.53 25.31 25.48 63114200 22.63018

3/31/2011 25.6 25.68 25.34 25.39 63233700 22.550253/30/2011 25.6 25.72 25.5 25.61 41999300 22.745643/29/2011 25.34 25.52 25.3 25.49 40763500 22.639063/28/2011 25.66 25.72 25.38 25.41 48973200 22.568013/25/2011 25.93 25.95 25.59 25.62 57029800 22.754523/24/2011 25.6 25.87 25.5 25.81 38696700 22.923273/23/2011 25.23 25.61 25.18 25.54 43969000 22.683473/22/2011 25.3 25.46 25.23 25.3 30895600 22.470313/21/2011 25.18 25.58 25.15 25.33 46878100 22.496963/18/2011 25.06 25.18 24.8 24.8 85486700 22.026233/17/2011 25.06 25.22 24.75 24.78 62497000 22.008473/16/2011 25.22 25.28 24.68 24.79 1.01E+08 22.017353/15/2011 25.08 25.47 25 25.39 76067300 22.550253/14/2011 25.49 25.76 25.35 25.69 54473400 22.816693/11/2011 25.41 25.85 25.36 25.68 49905800 22.807813/10/2011 25.62 25.71 25.35 25.41 66549500 22.56801

3/9/2011 25.81 25.98 25.66 25.89 39789100 22.994323/8/2011 25.77 26.02 25.65 25.91 50549800 23.012093/7/2011 26.13 26.27 25.55 25.72 64980400 22.843343/4/2011 26.22 26.24 25.8 25.95 70437200 23.047613/3/2011 26.26 26.4 26.18 26.2 68271500 23.269653/2/2011 26.11 26.37 26.04 26.08 48658200 23.163073/1/2011 26.6 26.78 26.15 26.16 60055000 23.23413

2/28/2011 26.69 26.86 26.51 26.58 51379900 23.607152/25/2011 26.91 26.95 26.5 26.55 53006300 23.580512/24/2011 26.64 27.06 26.5 26.77 64494200 23.77592/23/2011 26.53 26.86 26.43 26.59 60234100 23.616032/22/2011 26.78 27.1 26.52 26.59 60889000 23.616032/18/2011 27.13 27.21 26.99 27.06 68667800 24.033462/17/2011 26.97 27.37 26.91 27.21 57207300 24.166692/16/2011 27.05 27.07 26.6 27.02 70817900 23.997942/15/2011 27.04 27.33 26.95 26.96 44116500 23.944652/14/2011 27.21 27.27 26.95 27.23 56766200 24.042352/11/2011 27.76 27.81 27.07 27.25 83939700 24.062/10/2011 27.93 27.94 27.29 27.5 76672400 24.28074

2/9/2011 28.19 28.26 27.91 27.97 52905100 24.695722/8/2011 28.1 28.34 28.05 28.28 34904200 24.969432/7/2011 27.8 28.34 27.79 28.2 68980900 24.898792/4/2011 27.7 27.84 27.51 27.77 40412200 24.519132/3/2011 27.97 27.97 27.54 27.65 60340100 24.413182/2/2011 27.93 28.11 27.88 27.94 45824000 24.669232/1/2011 27.8 28.06 27.61 27.99 62810700 24.71338

1/31/2011 27.77 27.9 27.42 27.73 65029000 24.48381

Page 32: Name Surname MSFT Ratios

1/28/2011 28.9 28.93 27.45 27.75 1.41E+08 24.501471/27/2011 28.75 29.46 28.49 28.87 1.47E+08 25.490361/26/2011 28.51 28.99 28.5 28.78 74628800 25.41091/25/2011 28.14 28.45 28.12 28.45 42436600 25.119531/24/2011 28.02 28.56 27.99 28.38 52047800 25.057721/21/2011 28.4 28.43 28.02 28.02 58080300 24.739871/20/2011 28.5 28.55 28.13 28.35 58613600 25.031231/19/2011 28.46 28.68 28.27 28.47 50005900 25.137191/18/2011 28.16 28.74 28.14 28.66 53322700 25.304941/14/2011 28.08 28.38 27.91 28.3 62688400 24.987091/13/2011 28.33 28.39 28.01 28.19 67077600 24.889971/12/2011 28.12 28.59 28.07 28.55 52631100 25.207821/11/2011 28.2 28.25 28.05 28.11 50298900 24.819331/10/2011 28.26 28.4 28.04 28.22 57573600 24.91645

1/7/2011 28.64 28.74 28.25 28.6 73762000 25.251971/6/2011 28.04 28.85 27.86 28.82 88026300 25.446211/5/2011 27.9 28.01 27.77 28 58998700 24.722211/4/2011 27.94 28.17 27.85 28.09 54405600 24.801671/3/2011 28.05 28.18 27.92 27.98 53443800 24.70455

Page 33: Name Surname MSFT Ratios

Closing Price45.82396235.922157

24.8944323.52996

Page 34: Name Surname MSFT Ratios

S. No. Name of Ratio1 Current Ratio2 Quick Ratio3 Total Debt Ratio4 Debt/Equity Ratio5 Inventory Turnover6 Receivables Turnover

7Total Asset Turnover(TAT)Capital Intensity Ratio

8 Profit Margin9 ROA

10 ROE11 Market Price12 Number of Shares Outstanding13 Book Value per Share14 Market to Book (M/B) Ratio15 EPS16 P/E Ratio

17 EBITDA Ratio

Microsoft Corporation (MSFT) Ratio Analysis

Page 35: Name Surname MSFT Ratios

FormulaCurrent Assets/Current Liabilities 2.71 2.60(Current Assets - Inventory)/ Current Liabilities 2.66 2.57(Total Debt)/ Total Assets 0.45 0.45Total Debt/ Total Equity 0.80 0.83Cost of Goods Sold/ Inventory 10.45 15.42Sales/ Accounts Recievable 4.45 4.67Sales/ Total Assets 0.55 0.611/TAT 1.83 1.64Net Income/ Sales 28.08% 23.03%Net Income/ Total Assets 15.35% 14.00%Net Income/ Total Equity 27.69% 25.58%

$35.92 $24.898,328.00 8,381.00

Total Equity/Number of Shares Outstanding $9.48 $7.92Year-Closing Price/BV per Share 3.79 3.14 =NI/# of shares outstanding (EPS=earnings per share) 2.63 2.03Price to Earnings Ratio=Market Price/EPS 13.68 12.29

13.51 11.79

Microsoft Corporation (MSFT) Ratio Analysis

Ratio for year 2013

Ratio for Year 2012

* Enterprise Value = Total market value of the stock + The book value of all liabilities - Cash* Total market value of the stock = year-closing price (item 11)* number of shares outstanding (item 12)* Use ‘Total Liabilities’ for the book value of all liabilities* EBITDA=Operating Income + Depreciation/Amortization* Enterprise Value/EBITDA