Question: Find below the financial data for Garden Co. Note that the firm has no amortization charges, it does not lease any assets, and none of

 Find below the financial data for Garden Co. Note that the

Find below the financial data for Garden Co. Note that the firm has no amortization charges, it does not lease any assets, and none of its debt must be retired during the next 5 years (notes payable will be rolled over). Assume a 365-day year. GARDEN CO. BALANCE SHEET (millions of dollars) Cash $140.0 Accounts payable $ 800.0 Acets. receivable 880.0 Notes payable 600.0 Inventories 1,320.0 Accruals 400.0 Total current $2,340.0 Total current liabilities $1,800.0 assets Long-term bonds 1,000.0 Total debt $2,800.0 Common stock 200.0 Retained earnings 1,000.0 Net plant & equip. 1,660.0 Total common equity $1,200.0 Total assets $4,000.0 Total liabilities & equity $4,000.0 OTHER DATA Sales - $ 6,000.0 Depreciation expense - $ 100.2 Operating income - $ 300.0 Interest expense = $ 96.0 Net income = $ 122.4 Shares outstanding (millions) Common dividends (millions) Interest rate on N/P and long-term bonds Federal plus state income tax rate Market Stock price 60.00 $42.8 6.08 408 $30.60 1 a. Calculate and analyze the firm's: Asset utilization (6 marks) II. Market value ratios (6 marks) b. Calculate the firm's ROE using Du-pont equation

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