Take a look at this balance sheet and income statement: Balance Sheet (all numbers are in $ millions unless stated otherwise) Current Assets Current Liabilities Cash 98 Accounts Payable 344 A/C Receivable 188 Notes Payable 196 Inventory 422 Total 708 Total 540 Fixed Assets Long-Term Liabilities Net PPE 2880 Long-Term Debt 457 Common Stock and Paid-In Surplus 550 Retained Earnings 2041 Total Assets 3588 Total Liabilities + Net Worth 3588 Income Statement (all numbers are in $ million unless stated otherwise) Sales 2311 Cost of Goods Sold 1344 Depreciation 276 EBIT 691 Interest Paid to Bondholders 141 Taxable Income (EBT) 550 Taxes @ 34 percent 187 Net Income 363 Based on this balance sheet and income statement, please compute the following ratios: Quick Ratio? Total Debt Ratio? Interest Coverage Ratio? Collection Period? Inventory Turnover? Profitability? ROA?
Take a look at this
Balance Sheet (all numbers are in $ millions unless stated otherwise)
Current Assets Current Liabilities
Cash 98 Accounts Payable 344
A/C Receivable 188 Notes Payable 196
Inventory 422
Total 708 Total 540
Fixed Assets Long-Term Liabilities
Net PPE 2880 Long-Term Debt 457
Common Stock and Paid-In Surplus 550
Retained Earnings 2041
Total Assets 3588 Total Liabilities + Net Worth 3588
Income Statement (all numbers are in $ million unless stated otherwise)
Sales 2311
Cost of Goods Sold 1344
Depreciation 276
EBIT 691
Interest Paid to Bondholders 141
Taxable Income (EBT) 550
Taxes @ 34 percent 187
Net Income 363
Based on this balance sheet and income statement, please compute the following ratios:
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
