Question
1. Galaxy United, Inc. 2009 Income Statement ($ in millions) Net sales $8,450 Less: Cost of goods sold 7,140 Less: Depreciation 420 Earnings before interest
1.
Galaxy United, Inc. 2009 Income Statement ($ in millions) | |
Net sales | $8,450 |
Less: Cost of goods sold | 7,140 |
Less: Depreciation | 420 |
Earnings before interest and taxes | 890 |
Less: Interest paid | 82 |
Taxable Income | 808 |
Less: Taxes | 283 |
Net income | $ 525 |
Galaxy United, Inc. 2008 and 2009 Balance Sheets ($ in millions) | ||||||
2008 | 2009 | 2008 | 2009 | |||
Cash | $ 120 | $ 150 | Accounts payable | $1,110 | $1,140 | |
Accounts rec. | 950 | 780 | Long-term debt | 990 | 1,276 | |
Inventory | 1,480 | 1,510 | Common stock | $3,120 | $2,920 | |
Sub-total | $2,550 | $2,440 | Retained earnings | 510 | 734 | |
Net fixed assets | 3,180 | 3,630 | ||||
Total assets | $5,730 | $6,070 | Total liab. & equity | $5,730 | $6,070 |
What is the days' sales in receivables? (use 2009 values)
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2.
Galaxy United, Inc. 2009 Income Statement ($ in millions) | |
Net sales | $8,550 |
Less: Cost of goods sold | 7,200 |
Less: Depreciation | 400 |
Earnings before interest and taxes | 950 |
Less: Interest paid | 76 |
Taxable Income | 874 |
Less: Taxes | 306 |
Net income | $ 568 |
Galaxy United, Inc. 2008 and 2009 Balance Sheets ($ in millions) | ||||||
2008 | 2009 | 2008 | 2009 | |||
Cash | $ 110 | $ 140 | Accounts payable | $1,120 | $1,140 | |
Accounts rec. | 940 | 770 | Long-term debt | 910 | 1,163 | |
Inventory | 1,480 | 1,510 | Common stock | $3,150 | $2,950 | |
Sub-total | $2,530 | $2,420 | Retained earnings | 510 | 777 | |
Net fixed assets | 3,160 | 3,610 | ||||
Total assets | $5,690 | $6,030 | Total liab. & equity | $5,690 | $6,030 |
What is the return on equity for 2009?
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3.
Precision Tool 2009 Income Statement ($ in thousands) | |
Net sales | $5,680 |
Less: Cost of goods sold | 4,070 |
Less: Depreciation | 430 |
Earnings before interest and taxes | 1,180 |
Less: Interest paid | 32 |
Taxable Income | 1,148 |
Less: Taxes | 402 |
Net income | $ 746 |
Precision Tool 2008 and 2009 Balance Sheets ($ in thousands) | ||||||
2008 | 2009 | 2008 | 2009 | |||
Cash | $ 65 | $ 160 | Accounts payable | $1,340 | $1,260 | |
Accounts rec. | 980 | 850 | Long-term debt | 730 | 510 | |
Inventory | 1,490 | 1,950 | Common stock | $3,105 | $3,354 | |
Total | $2,535 | $2,960 | Retained earnings | 920 | 1,166 | |
Net fixed assets | 3,560 | 3,330 | ||||
Total assets | $6,095 | $6,290 | Total liab. & equity | $6,095 | $6,290 |
How many dollars of sales are being generated from every dollar of fixed assets? (use 2009 values)
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4.
Bayside, Inc. 2009 Income Statement ($ in thousands) | |
Net sales | $5,770 |
Less: Cost of goods sold | 4,030 |
Less: Depreciation | 410 |
Earnings before interest and taxes | 1,330 |
Less: Interest paid | 32 |
Taxable Income | 1,298 |
Less: Taxes | 454 |
Net income | $ 844 |
Bayside, Inc. 2008 and 2009 Balance Sheets ($ in thousands) | ||||||
2008 | 2009 | 2008 | 2009 | |||
Cash | $ 65 | $ 180 | Accounts payable | $1,330 | $1,250 | |
Accounts rec. | 980 | 840 | Long-term debt | 730 | 510 | |
Inventory | 1,480 | 1,960 | Common stock | $3,035 | $3,216 | |
Total | $2,525 | $2,980 | Retained earnings | 940 | 1,284 | |
Net fixed assets | 3,510 | 3,280 | ||||
Total assets | $6,035 | $6,260 | Total liab. & equity | $6,035 | $6,260 |
What is the return on equity for 2009?
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