INCOME STATEMENT (Figures in $ millions) Net sales $ 12,400 Cost of goods sold 3,660 4,137...
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INCOME STATEMENT (Figures in $ millions) Net sales $ 12,400 Cost of goods sold 3,660 4,137 2,278 other expenses Depreciation Earnings before interest and taxes (EBIT) Interest expense Income before tax Taxes (at 21%) $ 2,325 645 $ 1,586 353 Net income Dividends $ 1,327 $ 796 Assets Cash and marketable securities Receivables Inventories other current assets Total current assets (F SHEET millions) End of Year Start of Year $ 81 1,982 147 $150 2,330 198 827 892 $ 3,570 19,835 3,690 Net property, plant, and equipment other long-term assets Total assets Liabilities and shareholders' equity Payables Short-term debt other current liabilities Total current liabilities Long-term debt and leases other long-term liabilities Shareholders' equity Total liabilities and shareholders' equity Calculate the following financial ratios for Phone Corporation: $ 3,837 19,893 4,136 $ 27,066 $ 2,484 1,379 771 $ 4,634 $ 27,095 $ 2,960 1,533 747 $ 5,240 9,010 8,265 6,098 6,069 7,324 7,521 $ 27,066 $ 27,095 Note: Use 365 days In a year. Do not round Intermediate calculations. Round your final answers to 2 decimal Answer is complete but not entirely correct. a. Return on equity (use average balance sheet figures) b. Return on assets (use average balance sheet figures) c. Return on capital (use average balance sheet figures) d. Days in inventory (use start-of-year balance sheet figures) e. Inventory turnover (use start-of-year balance sheet figures) f. Average collection period (use start-of-year balance sheet figures) g. Operating profit margin h. Long-term debt ratio (use end-of-year balance sheet figures) 17.87 % 4.90 % 8.60 % 17.20 days 21.22 (x) 63.48 x days 18.75 % i. Total debt ratio (use end-of-year balance sheet figures) j. Times interest earned k. Cash coverage ratio I. Current ratio (use end-of-year balance sheet figures) m. Quick ratio (use end-of-year balance sheet figures) 0.56 0.73 3.60 7.14 0.66 0.62 x INCOME STATEMENT (Figures in $ millions) Net sales $ 12,400 Cost of goods sold 3,660 4,137 2,278 other expenses Depreciation Earnings before interest and taxes (EBIT) Interest expense Income before tax Taxes (at 21%) $ 2,325 645 $ 1,586 353 Net income Dividends $ 1,327 $ 796 Assets Cash and marketable securities Receivables Inventories other current assets Total current assets (F SHEET millions) End of Year Start of Year $ 81 1,982 147 $150 2,330 198 827 892 $ 3,570 19,835 3,690 Net property, plant, and equipment other long-term assets Total assets Liabilities and shareholders' equity Payables Short-term debt other current liabilities Total current liabilities Long-term debt and leases other long-term liabilities Shareholders' equity Total liabilities and shareholders' equity Calculate the following financial ratios for Phone Corporation: $ 3,837 19,893 4,136 $ 27,066 $ 2,484 1,379 771 $ 4,634 $ 27,095 $ 2,960 1,533 747 $ 5,240 9,010 8,265 6,098 6,069 7,324 7,521 $ 27,066 $ 27,095 Note: Use 365 days In a year. Do not round Intermediate calculations. Round your final answers to 2 decimal Answer is complete but not entirely correct. a. Return on equity (use average balance sheet figures) b. Return on assets (use average balance sheet figures) c. Return on capital (use average balance sheet figures) d. Days in inventory (use start-of-year balance sheet figures) e. Inventory turnover (use start-of-year balance sheet figures) f. Average collection period (use start-of-year balance sheet figures) g. Operating profit margin h. Long-term debt ratio (use end-of-year balance sheet figures) 17.87 % 4.90 % 8.60 % 17.20 days 21.22 (x) 63.48 x days 18.75 % i. Total debt ratio (use end-of-year balance sheet figures) j. Times interest earned k. Cash coverage ratio I. Current ratio (use end-of-year balance sheet figures) m. Quick ratio (use end-of-year balance sheet figures) 0.56 0.73 3.60 7.14 0.66 0.62 x
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Related Book For
Fundamentals of Corporate Finance
ISBN: 978-0077861629
8th edition
Authors: Richard Brealey, Stewart Myers, Alan Marcus
Posted Date:
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