Examine the financial data of Black Corporation above. Show how to compute Black's current ratio from 2015
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Black Corporation 2 Years Ended December 31 3 dollar amounts in millions) 2017 2016 2015 4 Consolidated Financial Measures and Ratios rating resultsS Net earnın Per common share $ 769 675 656 $ 2.73 2.43 2.39 1,312 $1,239 1,205 ing income 4.4% 4.4% 39% 22.2%| 22.4%| 23.4% 12% 10.9% 4.2 times 4.2 times 4.2 times ing margin 10 rcentage Return on net assets Return on shareholders' e Interest covera 12% 13.2% 12% 12.6% 12 13 14 Financial position 15 16 17 18 Working capital Current assets Current liabilities 1,744 $1,061 $972 6,4626,092 5,995 4,718 5,031 5,023
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Related Book For
Financial Accounting
ISBN: 978-0134564142
6th Canadian edition
Authors: Walter Jr. Harrison, Charles T. Horngren, C. William Thomas, Greg Berberich, Catherine Seguin
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