The Consolidated Statements of Financial positions and Statements of Earnings of Hawkins Co . Ltd are provided
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The Consolidated Statements of Financial positions and Statements of Earnings of Hawkins Co Ltd are provided below for your consideration. Hawkins is the Markets leading producer of cereals for breakfast products in Southern Asia, as well as convenience foods such as cookies, crackers, toaster pastries, cereal bars, and other assorted similar products. Hawkins Co Ltd and Subsidiaries Consolidated Balance Sheets $ in millions, except per share data December December Assets Current Assets $ $ Cash and Cash Equivalents Accounts Receivable, Net Inventories Other Current Assets Total Current Assets Property and Plant, Net Goodwill Other Intangibles, Net Other Assets Total Assets $ $ Liabilities and Equity Current Liabilities Current Maturities of Long Term Debt $ $ Notes payable Accounts Payable Other Current Liabilities Total Current Liabilities Long Term Debt Deferred Income Taxes Pension Liability Other Liabilities Total Liabilities Shareholders Equity Common Shares, $ par value, shares authorized; Issued: shares in and shares in Capital in Excess of Par value Retained Earnings Treasury stock at cost: shares in and shares in Accumulated Other comprehensive Income Loss Total Hawkins Company Shareholders Equity NonControlling Interests Total Equity Total Liabilities & Equity $ $ Hawkins Co Ltd and Subsidiaries Consolidated Statements of Earnings $ in millions, except per share data Year Ended December Year Ended December Year Ended December Net Sales $ $ $ Cost of goods sold Selling, General, and Administrative expenses Operating Profit Interest Expense Other Income expense Net Income Before Income Taxes Income Taxes Net Income Net Loss attributed to Non controlling interests Net Income Attributed to Hawkins Co Ltd $ $ $ Earnings Per Share Basic $ $ $ Earnings Per Share Diluted $ $ $ General Mills Co Ltd Selected Financial Ratios Current Ratio Quick Ratio Average Collection Period Days Days Inventory Turnover Times Times Total Asset Turnover Times Times Return on Sales Financial Leverage Ratio ROE
Compute the following ratios for for Hawkins: i Current ratio, ii Quick ratio, iii. Average collection period, iv Inventory turnover, v Total asset turnover, vi Return on sales, vii. Financial leverage ratio, and viii. ROE. Define the quick ratio as current assets minus inventories divided by current liabilities. Assume all sales are on credit.
Compare your computed ratios with the ratios for General Mills Co Ltd reported below focusing on profitability, efficiency and liquidity of the two companies.
Summarize Hawkins overall financial position on the basis of your findings in part against General Mills Co Ltd
Related Book For
Understanding Financial Accounting
ISBN: 978-1118849385
1st Canadian Edition
Authors: Christopher Burnley, Robert Hoskin, Maureen Fizzell, Donald
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