1. What is the ROE (%) for 2012?

Note: Just enter the numbers making up the percentage (%) of your answer. e.g. 78 (not 78% or 77.5)

2. What is the EPS for 2012?

Note: Just enter the numbers making up your answer to two decimal places. e.g. 9.12 or 12.03

3. What is the Interest Coverage Ratio for 2012?

Note: Just enter the numbers making up your answer to two decimal places. e.g. 9.12 or 12.03

4. What is the Receivables Turnover for 2012?

Note: Just enter the numbers making up your answer to two decimal places. e.g. 9.12 or 12.03 or 4.10

5. What is the Cash Ratio for 2012?

Note: Just enter the numbers making up your answer to two decimal places. e.g. 9.12 or 12.03 or 0.09

6. Consider the following investment proposal for a 6-year project.

The investment has an upfront cost of $1,500,000.

The proposal is expected to generate cash inflows for 6 years according to the following schedule: Year 1: $750,000; Year 2: $1,500,000; Year 3: $2,000,000; Year 4: $1,250,000; Year 5: $1,000,000; Year 6: $500,000.

Each year of operation you must also pay the cost of labor attached to the project – a cash outflow of $750,000 per year.

You have estimated that the appropriate discount rate for the project is 11% per annum.

Which of the following is closest to the calculated NPV of the project:

Statement of Profit and Loss (millions, except per share data) Net Sales Cost of goods sold Selling, general and administrative expense Operating Profit Interest expense Other income (expense), net Income before income taxes Income taxes Net Income Balance Sheet (millions, except per share data) Cash and cash equivalents Accounts receivable Inventories Other current assets Total Current Assets Property Goodwill Other Intangibles Other Assets Total Non-Current Assets Total Assets Current maturities of long-term debt Accounts payable Total Current Liabilities Long-term debt Other Liabilities Total Non-Current Liabilities Total Liabilities Total Equity Other Information Average Basic Shares Outstanding Share Price Note: In 2013 Kellogg's Share price was $57.98 2012 $ 14,197 8,763 3,872 1,562 261 24 1,325 364 961 2012 $281 1,454 1,365 280 3,380 3,782 5,053 2,359 610 11,804 15,184 $ 3,121 1,402 4,523 6,082 2,099 8,181 12,704 $ 2,480 358 56.52 2011 $13,198 8,046 3,725 1,427 233 (10) 1,184 318 866 2011 $460 1,188 1,174 247 3,069 3,281 3,623 1,454 516 8,874 11,943 $2,124 1,189 3,313 5,037 1,795 6,832 10,145 $1,798 362 Profitability Ratios Gross Margin Operating Margin Net Profit Margin ROE ROA Profitability Ratios 2 EPS P/E P Leverage Measures D/E D/A ICR Efficiency Measures Total Asset Turnover Receivables Turnover Average Collection Period Inventory Turnover Days in Inventory Liquidity Measures Current Ratio Quick Ratio Cash Ratio 2012 2012 2012 2012 2012 2013 41% 19% 12% 60% 12% 2013 4.98 11.65 57.98 2013 3.29 0.77 12.09. 2013 0.96 10.28 36 6.65 55 2013 0.85 0.53 0.07