Long-term debt ratio Times interest earned Current ratio Quick ratio Cash ratio Inventory turnover Average collection...
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Long-term debt ratio Times interest earned Current ratio Quick ratio Cash ratio Inventory turnover Average collection period Use the above information from the tables to work out the following missing entries, and then calculate the company's return on equity. Note: Turnover and the average collection period are calculated using start-of-year, not average, values. (Enter your answers in millions. Round intermediate calculations and final answers to 2 decimal places.) Net sales Cost of goods sold Selling, general, and administrative expenses Depreciation Earnings before interest and taxes (EBIT) Interest expense Income before tax Tax (35% of income before tax) Net income INCOME STATEMENT (Figures in $ millions) Inventories Assets Cash and marketable securities Accounts receivable Accounts payable Notes payable Total current assets Net property, plant, and equipment Total assets Liabilities and shareholders' equity Total current liabilities 0.4 8.0 1.4 1.0 0.2 5.0 BALANCE SHEET (Figures in $ millions) 73 days Long-term debt Shareholders' equity Total liabilities and shareholders' equity This Year $ 10.00 20.00 $ 115.00 Last Year $ $ $ 25.00 $ 30.00 $ $ 20 34 26 80 25 105 20 35 55 20 30 105 Long-term debt ratio Times interest earned Current ratio Quick ratio Cash ratio Inventory turnover Average collection period Use the above information from the tables to work out the following missing entries, and then calculate the company's return on equity. Note: Turnover and the average collection period are calculated using start-of-year, not average, values. (Enter your answers in millions. Round intermediate calculations and final answers to 2 decimal places.) Net sales Cost of goods sold Selling, general, and administrative expenses Depreciation Earnings before interest and taxes (EBIT) Interest expense Income before tax Tax (35% of income before tax) Net income INCOME STATEMENT (Figures in $ millions) Inventories Assets Cash and marketable securities Accounts receivable Accounts payable Notes payable Total current assets Net property, plant, and equipment Total assets Liabilities and shareholders' equity Total current liabilities 0.4 8.0 1.4 1.0 0.2 5.0 BALANCE SHEET (Figures in $ millions) 73 days Long-term debt Shareholders' equity Total liabilities and shareholders' equity This Year $ 10.00 20.00 $ 115.00 Last Year $ $ $ 25.00 $ 30.00 $ $ 20 34 26 80 25 105 20 35 55 20 30 105
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Related Book For
Principles Of Managerial Finance
ISBN: 978-0136119463
13th Edition
Authors: Lawrence J. Gitman, Chad J. Zutter
Posted Date:
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