Listed below are the balance sheet and income statement for Marion & Carter, Inc. Use these...
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Listed below are the balance sheet and income statement for Marion & Carter, Inc. Use these financial statements to calculate liquidity, asset management, debt management, profitability, and market value ratios for 2012. Calculate 3 ratios in each category. MARION & CARTER, INC. Balance Sheet as of December 31, 2012 and 2011 (in millions of dollars) 2012 2011 2012 2011 - Assets Liabilities and Equity Current assets: Current liabilities: Cash and marketable securities $165 $155 Accrued wages and taxes $ 124 Accounts receivable 475 400 Accounts payable 360 Inventory 650 620 Notes payable 322 $806 Total $1,290 $1,175 Total Fixed assets: Long term debt: $1,210 Gross plant and equipment $2,280 $1,860 Stockholders' equity: Less: Depreciation 330 250 $ 25 Net plant and equipment $1,950 $1,610 Preferred stock (25 million shares) Common stock and paid in surplus (200 million shares) 250 350 310 Retained earnings 1,299 Other long term assets Total $2,300 $1,920 Total $1,574 Total assets $3.590 $3.095 Total liabilities and equity $3.590 MARION & CARTER, INC. Income Statement for Years Ending December 31, 2012 and 2011 (in millions of dollars) 2012 Net sales (all credit) $ 2,053 Less: Cost of goods sold Gross profits Less: Depreciation Other operating expenses Earnings before interest and taxes (EBIT) Less: Interest Earnings before taxes (EBT) Less: Taxes Net income Less: Preferred stock dividends Net income available to common stockholders Less: Common stock dividends Addition to retained earnings Per (common) share data: Earnings per share (EPS) Dividends per share (DPS) Book value per share (BVPS) Market value (price) per share (MVPS) $ $ 2.485 $ 0.775 $ 7.745 $22.970 95 310 280 $ 685 $1,178 $ 25 250 957 $1,232 $3,095 **** **** **** ** ******** *365** 75 $ 1.855 $ 0.775 $6.035 $21.470 Listed below are the balance sheet and income statement for Marion & Carter, Inc. Use these financial statements to calculate liquidity, asset management, debt management, profitability, and market value ratios for 2012. Calculate 3 ratios in each category. MARION & CARTER, INC. Balance Sheet as of December 31, 2012 and 2011 (in millions of dollars) 2012 2011 2012 2011 - Assets Liabilities and Equity Current assets: Current liabilities: Cash and marketable securities $165 $155 Accrued wages and taxes $ 124 Accounts receivable 475 400 Accounts payable 360 Inventory 650 620 Notes payable 322 $806 Total $1,290 $1,175 Total Fixed assets: Long term debt: $1,210 Gross plant and equipment $2,280 $1,860 Stockholders' equity: Less: Depreciation 330 250 $ 25 Net plant and equipment $1,950 $1,610 Preferred stock (25 million shares) Common stock and paid in surplus (200 million shares) 250 350 310 Retained earnings 1,299 Other long term assets Total $2,300 $1,920 Total $1,574 Total assets $3.590 $3.095 Total liabilities and equity $3.590 MARION & CARTER, INC. Income Statement for Years Ending December 31, 2012 and 2011 (in millions of dollars) 2012 Net sales (all credit) $ 2,053 Less: Cost of goods sold Gross profits Less: Depreciation Other operating expenses Earnings before interest and taxes (EBIT) Less: Interest Earnings before taxes (EBT) Less: Taxes Net income Less: Preferred stock dividends Net income available to common stockholders Less: Common stock dividends Addition to retained earnings Per (common) share data: Earnings per share (EPS) Dividends per share (DPS) Book value per share (BVPS) Market value (price) per share (MVPS) $ $ 2.485 $ 0.775 $ 7.745 $22.970 95 310 280 $ 685 $1,178 $ 25 250 957 $1,232 $3,095 **** **** **** ** ******** *365** 75 $ 1.855 $ 0.775 $6.035 $21.470
Expert Answer:
Answer rating: 100% (QA)
Liquidity Profitability Current Ratio 1290806 1600496278 Gross margin 11122053 5416 Quick Ratio 16... View the full answer
Related Book For
Financial Statement Analysis
ISBN: 978-0078110962
11th edition
Authors: K. R. Subramanyam, John Wild
Posted Date:
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