Table on the following page gives abbreviated balance sheets and income statements for Estée Lauder Companies. Calculate
Question:
a. Return on assets.
b. Operating profit margin.
c. Sales-to-assets ratio.
d. Inventory turnover.
e. Debtequity ratio.
f. Current ratio.
g. Quickratio
Transcribed Image Text:
TABLE 28.11 End of Year Start of Year Balance Sheet Assets Current assets: Cash and marketable securities Accounts receivable 402 1.039 987 360 2,787 254 861 856 269 2,239 Other current assets Total current assets Fixed assets: Tangible fixed assets Property, plant, and equipment Less accumulated depreciation 2.394 1,351 1,043 2,113 1,232 881 Net tangible fixed assets 24 Other long-term assets Total assets 5,011 4.126 Liabilities and Shareholders' Equity Current liabilities: Debt due for repayment Accounts payable 119 1,581 1,699 60 1,440 1,501 Total current liabilities Long-term debt Other long-term liabilities 1,078 581 1,028 398 Total liabilities 3,358 2,927 Total shareholders' equity Total liabilities and shareholders equity 1.653 5,011 1,199 4,126 Income Statement Net sales Cost of goods sold Selling, general, and administrative expenses Depreciation Earnings before interest and taxes (EBIT) Interest expense Taxable income 7.911 1.997 4852 251 811 67 744 260 10 474 Minority interest Net income Dividends 107 367 Addition to retained earnings
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Related Book For
Principles of Corporate Finance
ISBN: 978-0077404895
10th Edition
Authors: Richard A. Brealey, Stewart C. Myers, Franklin Allen
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