Examine the financial data of Black Corporation. Show how to compute Black's current ratio from 2018 to
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Examine the financial data of Black Corporation. Show how to compute Black's current ratio from 2018 to 2020. Is the company's ability to pay its current liabilities improving or deteriorating?
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1 23 4 A Black Corporation (dollar amounts in millions) Consolidated Financial Measures and Ratios 5 Operating results 69 Net earnings Per common share B C D E Years Ended December 31 2020 2019 2018 $ 769 $ 675 $ 656 7 $ 2.73 $ 2.43 $ 2,39 B Operating income 1,312 $ 1,239 $ 1,205 9 Operating margin 4.4% 4.4% 3.9% 10 Gross profi: percentage 22.2% 22.4% 23.4% 11 Ketum on net assets 12% 12% 12% 12 Return on shareholders equity 13.2% 12.6% 10.9% 13 Interest coverage 4.2 times 4.2 times 14 Financial position 15 Working capital $ 1,744 $ 1,061 16 Current assets $ 6,402 $ 6,092 17 Current liabilities $ 4,718 $ 5,031 4.2 times $ 972 $5,995 $5,023 18
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Related Book For
Financial Accounting
ISBN: 9780135433065
7th Canadian Edition
Authors: Walter Harrison, Wendy Tietz, C. Thomas, Greg Berberich, Catherine Seguin
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