Nintendo Company, Ltd., reports the following financial information as of, or for the year ended, March 31,
Question:
Nintendo Company, Ltd., reports the following financial information as of, or for the year ended, March 31, 2015. Key Nintendo financial results in both Japanese yen and U.S. dollars follow (amounts in millions).
Current assets . . . . . . . . . . . ¥1,097,597 . . . . . . . . $ 9,110
Total assets . . . . . . . . . . . . . . 1,352,944 . . . . . . . . 11,229
Current liabilities . . . . . . . . . . . 144,232 . . . . . . . . . 1,197
Net sales . . . . . . . . . . . . . . . . 549,780 . . . . . . . . . . . 4,562
Net income . . . . . . . . . . . . . . 41,843 . . . . . . . . . . . . . . 347
1. Compute Nintendo's current ratio, net profit margin percent, and sales-to-total-assets ratio using the financial information reported in
(a) Yen and (b) Dollars. Round amounts to two decimals.
2. What can we conclude from a review of the results for part 1?
Step by Step Answer:
Financial Accounting Information for Decisions
ISBN: 978-1259533006
8th edition
Authors: John J. Wild