Black Corporation Years Ended December 31 2020 (dollar amounts in millions) Consolidated Financial Measures and Ratios Operating Results Net earnings Per common share Operating income Operating margin Gross profit percentage Return on net assets Return on shareholders' equity Interest coverage Financial Position Working capital Current assets Current liabilities $ $ $ $ $ $ 769 2.73 1,312 4.4% 22.2 % 12% 13.2 % 4.2 times 1,744 6,462 4,718 $ $ $ $ $ $ 2019 675 2.43 1,239 4.4% 22.4% 12% 12.6% 4.2 times 1,061 6,092 5,031 $ $ $ $ $ LA 2018 656 2.39 1,205 3.9 % 23.4% 12 % 10.9 % 4.2 times 972 5,995 5,023

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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(dollar amounts in millions)
Consolidated Financial Measures and Ratios
Operating Results
Net earnings
Per common share
Operating income
Operating margin
Gross profit percentage
Return on net assets
Return on shareholders' equity
Interest coverage
Financial Position
Black Corporation
Years Ended December 31
2020
Working capital
Current assets
Current liabilities
$
$
$
$
$
$
769
2.73
1,312
4.4 %
22.2 %
12 %
13.2 %
4.2 times
1,744
6,462
4,718
GA
GA
2019
GA
675
2.43
1,239
1,061
6,092
$ 5,031
4.4 %
22.4 %
12%
12.6%
4.2 times
2018
656
$ 2.39
$
1,205
3.9%
23.4 %
12 %
10.9 %
4.2 times
$
972
$ 5,995
$ 5,023
Transcribed Image Text:(dollar amounts in millions) Consolidated Financial Measures and Ratios Operating Results Net earnings Per common share Operating income Operating margin Gross profit percentage Return on net assets Return on shareholders' equity Interest coverage Financial Position Black Corporation Years Ended December 31 2020 Working capital Current assets Current liabilities $ $ $ $ $ $ 769 2.73 1,312 4.4 % 22.2 % 12 % 13.2 % 4.2 times 1,744 6,462 4,718 GA GA 2019 GA 675 2.43 1,239 1,061 6,092 $ 5,031 4.4 % 22.4 % 12% 12.6% 4.2 times 2018 656 $ 2.39 $ 1,205 3.9% 23.4 % 12 % 10.9 % 4.2 times $ 972 $ 5,995 $ 5,023
Examine the financial data of Black Corporation. Show how to compute Black's current ratio from 2018 to 2020. Is the company's ability to pay its
current liabilities improving or deteriorating?
(Click the icon to view the balance sheet.)
(Round ratios to two decimal places.)
Formula:
2018
2019
2020
Black's ability to pay its current liabilities is
II
11
Current ratio
Transcribed Image Text:Examine the financial data of Black Corporation. Show how to compute Black's current ratio from 2018 to 2020. Is the company's ability to pay its current liabilities improving or deteriorating? (Click the icon to view the balance sheet.) (Round ratios to two decimal places.) Formula: 2018 2019 2020 Black's ability to pay its current liabilities is II 11 Current ratio
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