Here is some financial statement data for Nestlé (in millions of Swiss francs): 2020 Total current assets 39,257 34,068 2021 Inventory 11,982 10,101 Total assets 139,142 124,028 Net sales 87,088 Cost of goods sold 45,468 42,971 Gross profit 12,159 14,233 753 84,343 Interest expense 815 Net income 17,196 12,372 Net cash provided by operating activities 16,645 17,157 4,076 7,968 5,667 Capital expenditures 4,880 7,983 3,044 Cash dividends Investing cash flow
Here is some financial statement data for Nestlé (in millions of Swiss francs): 2020 Total current assets 39,257 34,068 2021 Inventory 11,982 10,101 Total assets 139,142 124,028 Net sales 87,088 Cost of goods sold 45,468 42,971 Gross profit 12,159 14,233 753 84,343 Interest expense 815 Net income 17,196 12,372 Net cash provided by operating activities 16,645 17,157 4,076 7,968 5,667 Capital expenditures 4,880 7,983 3,044 Cash dividends Investing cash flow
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
After reviewing the information, calculate the following ratios for Nestlé for 2021:
1) Inventory turnover
2) Profit margin
3) Return on assets
4)
Round all answers to two decimal places.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 4 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education