American Public Education, Inc. Financial Ratios — APEI

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	35.27	27.75	22.23	18.53	13.75	9.63	7.62	8.4	3.24	6.24	4.91	-31.71	-18.96	3.89	10.31
Return on Assets (%)	23.92	19.39	16.51	14.35	10.85	7.85	6.45	7.22	2.76	5.19	3.24	-17.15	-8.07	2.86	5.78
Return on Capital (%)	35.27	27.75	22.23	18.53	13.75	9.63	7.62	8.4	3.18	6.03	4.27	- -	- -	3.5	7.19
Return on Invested Capital (%)	35.98	29.3	23.68	19.56	14.39	9.7	8.64	8	2.85	5.89	4.52	- -	- -	4.54	7.51
Gross Margin (%)	63.43	64.85	65.77	64.64	63.76	62.63	61.18	61.27	60.91	62.04	58.78	52.42	51.23	52.65	54.22
EBITDA Margin (%)	27.69	25.5	24.57	23.41	22.2	18.41	17.92	16.81	9.9	11.73	11.51	-17.35	-3.41	8.38	9.88
Operating Margin (%)	24.14	21.95	20.47	18.84	16.19	15.64	12.35	11.22	7.21	7.96	7.56	1.77	3.11	6.21	8.3
Incremental Operating Margin (%)	20.64	11.18	- -	- -	58.11	27.87	86.6	227.03	111.76	13.97	6.23	- -	- -	83.74	62.04
Pretax Margin (%)	24.18	21.99	20.56	18.91	15.98	12.26	11.71	11.91	5.82	8.03	6.23	-24.94	-8.79	4.95	6.74
Profit Margin (%)	15.65	13.5	12.76	11.68	9.89	7.71	7.06	8.61	3.5	5.85	4.24	-18.97	-7.87	2.58	4.86
Net Income to Common Margin (%)	15.65	13.5	12.76	11.68	9.89	7.71	7.06	8.61	3.5	5.85	4.24	-18.97	-8.87	1.61	4.44
Effective Tax Rate (%)	35.27	38.48	37.85	37.99	38.31	38.91	32.8	26.2	31.13	27.16	28.78	- -	- -	33.68	27.8
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.04	0.01	- -	- -
Sustainable Growth Rate (%)	35.27	27.75	22.23	18.53	13.75	9.63	7.62	8.4	3.24	6.24	4.91	-31.69	-18.95	3.89	10.31

Credit (USD)

Credit Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	- -	- -	- -	- -	- -	- -	- -	- -	12	9	244	209	205	201	163
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	2	2	22	14	13	14	11
LT Debt	- -	- -	- -	- -	- -	- -	- -	- -	9	6	221	195	191	187	152
Total Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	0.42	0.23	5.06	-1.99	-9.99	3.83	2.54
Net Debt/EBITDA	-1.65	-1.44	-1.17	-1.41	-1.45	-2.54	-3.34	-4.24	-7.15	-6	0.79	0.09	1.07	-0.74	-1.24
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	0.92	0.36	8.02	-1.52	-4.24	6.07	3.4
Net Debt/EBIT	-1.89	-1.67	-1.41	-1.76	-2.02	-3.82	-5.14	-6.52	-15.89	-9.15	1.25	0.07	0.45	-1.16	-1.66
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	11.27	-5.94	-4.6	24.62	15.15
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	11.27	-5.94	-4.6	24.62	15.15
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	7.4	0.61	4.19	18.23	12.73
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	4	18	4	2	4
Common Equity/Total Assets	67.29	72.03	76.22	78.62	79.2	83.86	85.36	86.6	83.61	82.73	57.28	50.41	45.26	46.34	56.53
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	3.2	2.1	53.24	55.64	65.56	61.56	51.42
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	3.08	2.04	33.56	34.83	38.54	37.08	33.12
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	2.68	1.74	30.49	31.63	34.34	32.81	29.07
Total Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	3.97	2.88	58.64	59.75	70.12	66.02	55.28
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	3.82	2.8	36.96	37.4	41.22	39.77	35.6
Total Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	3.32	2.38	33.59	33.98	36.73	35.19	31.25
Net Debt to Equity	-88.92	-67.13	-45.79	-49.37	-44.58	-55.3	-61.92	-66.03	-68.32	-73.79	9.12	-2.68	-7.53	-12.67	-26.95
Net Debt/Capital (%)	-802.63	-204.26	-84.47	-97.51	-80.46	-123.69	-162.62	-194.37	-191.68	-253.66	7.06	-2.05	-5.78	-10.33	-28
EBITDA	72	80	81	82	73	58	54	50	28	38	48	-105	-20	52	64
EBITDA-CapEx	72	80	81	82	73	58	54	50	28	38	48	-105	-20	52	64
Operating Income (Loss)	63	69	67	66	53	49	37	33	21	26	32	11	19	39	54

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	2.1	2.09	1.75	2.4	2.28	3.47	4.13	4.79	4.48	4.11	1.47	1.45	1.58	1.67	2.32
Current Ratio	2.45	2.56	2.15	2.82	2.73	3.76	4.41	5.25	4.92	4.57	2.42	2.63	2.94	3.29	3.46
Quick Ratio	2.3	2.37	1.98	2.57	2.45	3.63	4.3	5.12	4.77	4.43	1.96	2.09	2.27	2.47	3.24
CFO/Avg Current Liab	1.49	0.95	1.09	1.19	1.21	1.27	1.12	1.01	0.86	0.89	0.23	0.38	0.63	0.64	0.8
Common Equity/Total Assets	67.29	72.03	76.22	78.62	79.2	83.86	85.36	86.6	83.61	82.73	57.28	50.41	45.26	46.34	56.53
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	3.2	2.1	53.24	55.64	65.56	61.56	51.42
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	3.08	2.04	33.56	34.83	38.54	37.08	33.12
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	2.68	1.74	30.49	31.63	34.34	32.81	29.07
Total Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	3.97	2.88	58.64	59.75	70.12	66.02	55.28
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	3.82	2.8	36.96	37.4	41.22	39.77	35.6
Total Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	3.32	2.38	33.59	33.98	36.73	35.19	31.25
CFO/Total Liabilities	108.27	79.64	91.99	95.83	91.55	109.94	96.59	88.91	65.97	69.91	5.25	11.01	17.15	18.36	27.34
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	4.05

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	26.34	31.47	33.03	44.73	46.69	42.13	42.49	28.09	22.56	22.21	15.6	15.47	12.87	11.01	10.13
Days Sales Outstanding	13.86	11.6	11.05	8.16	7.82	8.66	8.59	12.99	16.18	16.43	23.39	23.59	28.36	33.15	36.04
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	635
- Cash & Cash Equivalents	119	115	95	116	106	146	179	212	203	226	123	103	117	132	174
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	40	40	40	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	- -	- -	- -	- -	- -	- -	- -	12	9	244	209	205	201	163
Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	624
Total Capital	134	171	207	234	237	265	289	321	309	316	659	559	497	505	458
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	3.82	2.8	36.96	37.4	41.22	39.77	35.6
Total Debt / EV	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.26
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.96
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	9.74
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	13.02
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	9.6
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	9.6
Diluted Market Cap	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	654
Diluted Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	643
EV per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	34.44
TTM Sales	260	314	329	350	328	313	299	298	286	322	419	606	601	625	649
TTM EBITDA	72	80	81	82	73	58	54	50	28	38	48	-105	-20	52	64
TTM Operating Income	63	69	67	66	53	49	37	33	21	26	32	11	19	39	54
TTM Cash Flow to Firm	70	53	59	61	57	56	48	44	38	45	19	- -	- -	50	65
TTM Free Cash Flow to Firm	70	53	59	61	57	56	48	44	38	45	19	- -	- -	50	65

Multiples (USD)

Valuation Multiples API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	10.56
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	13.02
Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	624
Low Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	33.72
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.96
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	9.74
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	21.92
Price/Earnings Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	21.5
Price/Earnings High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	21.92
Price/Earnings Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	21.09
Price/Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2.16
Price/Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2.11
Price/Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2.16
Price/Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2.07
Price/Tangible Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	3.07
Price/Tangible Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	3.01
Price/Tangible Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	3.07
Price/Tangible Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2.95
Price/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.97
Price/Sales Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.95
Price/Sales High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.97
Price/Sales Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.94
Price/Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	10.19
Price/Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	10
Price/Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	10.19
Price/Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	9.8
Price/Free Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	10.36
Price/Free Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	10.56
Price/Free Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	10.16
EV/Sales Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.94
EV/Sales High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.96
EV/Sales Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.92
EV/EBITDA Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	9.55
EV/EBITDA High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	9.74
EV/EBITDA Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	9.37
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	12.77
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	13.02
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	12.52
Last Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	35.05
High Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	35.05
Enterprise Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	612
Enterprise Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	624
Enterprise Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	600

Per Share Data Items (USD)

Per-Share Data API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Shares Outstanding	18	18	18	17	16	16	16	16	15	15	19	19	18	18	18
Diluted Weighted Avg Shares	18	18	18	18	17	16	16	17	16	15	18	19	18	18	19
Basic Weighted Avg Shares	18	18	18	17	17	16	16	16	16	15	18	19	18	18	18
Revenue per Share	14.56	17.64	18.66	20.17	19.66	19.49	18.43	18.15	17.79	21.63	23.16	32.15	33.16	35.44	36.03
EBITDA per Share	4.03	4.5	4.58	4.72	4.37	3.59	3.3	3.05	1.76	2.54	2.67	-5.58	-1.13	2.97	3.56
Operating Income per Share	3.52	3.87	3.82	3.8	3.18	3.05	2.28	2.04	1.28	1.72	1.75	0.57	1.03	2.2	2.99
Basic EPS, GAAP	2.28	2.38	2.38	2.36	1.94	1.5	1.3	1.56	0.62	1.27	0.98	-6.1	-2.94	0.57	1.6
Basic EPS from Cont Ops	2.28	2.38	2.38	2.36	1.94	1.5	1.3	1.56	0.62	1.27	0.98	-6.1	-2.61	0.91	1.75
Diluted EPS, GAAP	2.23	2.35	2.35	2.33	1.93	1.49	1.29	1.54	0.62	1.25	0.97	-6.08	-2.93	0.55	1.54
Diluted EPS from Cont Ops	2.23	2.35	2.35	2.33	1.93	1.49	1.29	1.54	0.62	1.25	0.97	-6.08	-2.6	0.89	1.69
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.33	0.34	0.15
Cash Flow per Share	3.94	2.98	3.37	3.52	3.42	3.49	2.95	2.69	2.38	3.01	0.9	1.55	2.51	2.77	3.44
Free Cash Flow per Basic Share	3.94	2.98	3.37	3.52	3.42	3.49	2.95	2.69	2.38	3.01	0.9	1.55	2.51	2.77	3.44
Cash & Equivalents per Share	6.64	6.44	5.39	6.74	6.61	9.09	11.12	12.92	13.36	15.29	6.55	5.43	6.63	7.45	9.6
Book Value per Share	7.47	9.59	11.78	13.66	14.83	16.43	17.97	19.56	19.55	20.73	22.21	16.41	14.33	14.92	16.26
Tangible Book Value per Share	7.47	9.59	9.61	11.4	12.42	14.33	15.86	17.27	17.55	18.68	4.65	7.55	9.15	9.96	11.42