Assume you are given the following abbreviated financial statement. ($ in millions) $150.0 Fixed and other

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Assume you are given the following abbreviated financial statement.
($ in millions)
  $150.0
Fixed and other assets .............. 200.0
Total assets ................... $350.0
Current liabilities ................ $100.0
Long-term debt .................. 50.0
Stockholders’ equity ............. 200.0
Total liabilities and equities ........... $350.0
Common shares outstanding ............ 10 million shares
Total revenues .................... $500.0
Total operating costs and expenses ........ 435.0
Interest expense ................. 10.0
Income taxes ..................... 20.0
Net profits ......................... $ 35.0
Dividends paid to common stockholders ...... $ 10.0
On the basis of this information, calculate as many liquidity, activity, leverage, profitability, and common stock measures as you can. (Note: Assume the current market price of the common stock is $75 per share.)
Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...
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Fundamentals of Investing

ISBN: 978-0133075359

12th edition

Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk

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