Consider the following excerpt of Caterpillar Corporation's balance sheet and income statement FE(Click the icon to...

 

 

 

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Consider the following excerpt of Caterpillar Corporation's balance sheet and income statement FE(Click the icon to view the income statement.) (Click the icon to view the balance sheet) Requirement Use the excerpt of Caterpillar Corporation's balance sheet and its income statement to compute Caterpillar's profit margin and return on assets for 2018 and 2019. Comment on Caterpillar's profitability and changes in profitability from 2018 to 2019. Caterpillar's total assets at the end of 2017 were $157,000 million. Begin by determining Caterpillar's profit margin for 2018 and 2019. First, select the formula and then fill in the amounts. (Enter amounts in millions as provided to you in the problem statement. Round your answers to the nearest tenth of a percent. XX%) Profit margin 2019 2018 26 Income statement (in millions) Sales Cost of Goods Sold Gross Profit Selling, General, and Administrative Expenses Research and Development Expense Interest Expense Earnings Before Taxes Income Tax Expense Net Income 2019 - X 2018 71,000 $ 70,000 33.000 32,400 38.000 37.600 21,000 21.100 7.400 7,600 175 9.425 8,730 3.000 2.900 6.425 $ 5,830 TO ent i Balance sheet Assets (dollars in millions) Current Assets Cash and Cash Equivalents Marketable Securities Accounts Receivable Trade, net Inventories Prepaid Expenses and Other Receivables Total Current Assets Property, Plant, and Equipment, net Other Assets Total Assets Print Done 2019 2018 $ 15,000 $ 21,000 7,700 2,900 24,000 23,000 46,000 43,000 1,600 1,100 94,300 91,000 74,000 72,000 3,700 3,600 $ 172,000 $ 166,600 X Consider the following excerpt of Caterpillar Corporation's balance sheet and income statement FE(Click the icon to view the income statement.) (Click the icon to view the balance sheet) Requirement Use the excerpt of Caterpillar Corporation's balance sheet and its income statement to compute Caterpillar's profit margin and return on assets for 2018 and 2019. Comment on Caterpillar's profitability and changes in profitability from 2018 to 2019. Caterpillar's total assets at the end of 2017 were $157,000 million. Begin by determining Caterpillar's profit margin for 2018 and 2019. First, select the formula and then fill in the amounts. (Enter amounts in millions as provided to you in the problem statement. Round your answers to the nearest tenth of a percent. XX%) Profit margin 2019 2018 26 Income statement (in millions) Sales Cost of Goods Sold Gross Profit Selling, General, and Administrative Expenses Research and Development Expense Interest Expense Earnings Before Taxes Income Tax Expense Net Income 2019 - X 2018 71,000 $ 70,000 33.000 32,400 38.000 37.600 21,000 21.100 7.400 7,600 175 9.425 8,730 3.000 2.900 6.425 $ 5,830 TO ent i Balance sheet Assets (dollars in millions) Current Assets Cash and Cash Equivalents Marketable Securities Accounts Receivable Trade, net Inventories Prepaid Expenses and Other Receivables Total Current Assets Property, Plant, and Equipment, net Other Assets Total Assets Print Done 2019 2018 $ 15,000 $ 21,000 7,700 2,900 24,000 23,000 46,000 43,000 1,600 1,100 94,300 91,000 74,000 72,000 3,700 3,600 $ 172,000 $ 166,600 X

Answer rating: 100% (QA)

Answer Net IncomeSaleProfit Margin 2019 64257100000905 or 905 2... View the full answer