Here are simplified financial statements for Phone Corporation in a recent year: INCOME STATEMENT (Figures in...
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Here are simplified financial statements for Phone Corporation in a recent year: INCOME STATEMENT (Figures in $ millions) Net sales Cost of goods sold Other expenses Depreciation Earnings before interest and taxes (EBIT) Interest expense Income before tax Taxes (at 35%) Net income Dividends Assets Cash and marketable securities Receivables Inventories Other current assets Total current assets Net property, plant, and equipment Other long-term assets Total assets Liabilities and shareholders' equity Payables Short-term debt 15 BALANCE SHEET (Figures in 5 millions) h. $13,193 4,060 4,049 2,518 $ 2,566 685 $ 1,881 Other current liabilities Total current liabilities Long-term debt and leases Other long-term liabilities $1,223 856 Shareholders' equity Total liabilities and shareholders' equity Return on equity (use average balance sheet figures) Return on assets (use average balance sheet figures) Return on capital (use average balance sheet figures) Days in inventory (use start-of-year balance sheet figures) 199 187 867 3,525 19,973 4,216 $ 27,714 f. e. Inventory turnover (use start-of-year balance sheet figures) Average collection period (use start-of-year balance sheet figures) Operating profit margin Long-term debt ratio (use end-of-year balance sheet figures) Total debt ratio (use end-of-year balance sheet figures) Times interest eamed Cash coverage ratio Current ratio (use end-of-year balance sheet figures) Quick ratio (use end-of-year balance sheet figures) $ 2,564 1,419 811 4,794 7,818 6,178 9,724 $ 27,714 Start of 238 Calculate the following financial ratios for Phone Corporation: (Use 365 days in a year. Do not rour Round your final answers to 2 decimal places.) 3,818 19,915 3,778 $ 27,503 $ 3,040 1,573 787 $ 5,400 6,833 6,149 9,121 $ 27,503 12.98 4.43 x % 96 da 16.39 X 106.51 X 22.16 days 19.47 X 25.31 x 13.78 x 7.73 X 1.37 1.27 Here are simplified financial statements for Phone Corporation in a recent year: INCOME STATEMENT (Figures in $ millions) Net sales Cost of goods sold Other expenses Depreciation Earnings before interest and taxes (EBIT) Interest expense Income before tax Taxes (at 35%) Net income Dividends Assets Cash and marketable securities Receivables Inventories Other current assets Total current assets Net property, plant, and equipment Other long-term assets Total assets Liabilities and shareholders' equity Payables Short-term debt 15 BALANCE SHEET (Figures in 5 millions) h. $13,193 4,060 4,049 2,518 $ 2,566 685 $ 1,881 Other current liabilities Total current liabilities Long-term debt and leases Other long-term liabilities $1,223 856 Shareholders' equity Total liabilities and shareholders' equity Return on equity (use average balance sheet figures) Return on assets (use average balance sheet figures) Return on capital (use average balance sheet figures) Days in inventory (use start-of-year balance sheet figures) 199 187 867 3,525 19,973 4,216 $ 27,714 f. e. Inventory turnover (use start-of-year balance sheet figures) Average collection period (use start-of-year balance sheet figures) Operating profit margin Long-term debt ratio (use end-of-year balance sheet figures) Total debt ratio (use end-of-year balance sheet figures) Times interest eamed Cash coverage ratio Current ratio (use end-of-year balance sheet figures) Quick ratio (use end-of-year balance sheet figures) $ 2,564 1,419 811 4,794 7,818 6,178 9,724 $ 27,714 Start of 238 Calculate the following financial ratios for Phone Corporation: (Use 365 days in a year. Do not rour Round your final answers to 2 decimal places.) 3,818 19,915 3,778 $ 27,503 $ 3,040 1,573 787 $ 5,400 6,833 6,149 9,121 $ 27,503 12.98 4.43 x % 96 da 16.39 X 106.51 X 22.16 days 19.47 X 25.31 x 13.78 x 7.73 X 1.37 1.27
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Related Book For
Fundamentals of Corporate Finance
ISBN: 978-0077861629
8th edition
Authors: Richard Brealey, Stewart Myers, Alan Marcus
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