Use the information from the tables to work out the following missing entries, and then calculate the
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Question:
Use the information from the tables to work out the following missing entries, and then calculate the company’s return on equity. Note: Inventory turnover, average collection period, and return on equity are calculated using start-of-year, not average, values.
INCOME STATEMENT | |
(Figures in $ millions) | |
Net sales | |
Cost of goods sold | |
Selling, general, and administrative expenses | 19.00 |
Depreciation | 29.00 |
Earnings before interest and taxes (EBIT) | |
Interest expense | |
Income before tax | |
Tax (35% of income before tax) | |
Net income |
|
Related Book For
Fundamentals of Investments, Valuation and Management
ISBN: 978-1259720697
8th edition
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
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