Question

This problem uses the same data as 12-45, but it can be solved independently. 3M was incorporated in 1929 and has grown to be one of the largest companies in the industrial conglomerates industry. The income statements and balance sheets (slightly modified) for the years ended December 31, 2011, and December 31, 2010, are in Exhibit 12-14 . 3M paid a dividend of $2.20 per share in 2011. The market price per share on December 31, 2011, was $81.73.
Compute the following ratios for 3M for the year ending December 31, 2011:
(a) Current,
(b) Quick,
(c) Average collection period,
(d) Total-debt-to-total-assets,
(e) Total-debt-to-total-equity,
(f) ROE,
(g) Return on sales,
(h) Total asset turnover,
(i) Return on total assets (computed as earnings before interest expense and taxes divided by Average total assets),
(j) Basic EPS (this number is given in Exhibit but show how it was derived),
(k) P-E,
(l) Dividend yield,
(m) Dividend payout,
(n) market-to-book. Total debt includes all liabilities. Assume all sales are on credit.



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  • CreatedFebruary 20, 2015
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