Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

6. The tables (see next page) show financial statements of ABC Corp. Year 2008 inventories were 396,400. All amounts are in thousands. a) Compute ABC's

image text in transcribedimage text in transcribed

6. The tables (see next page) show financial statements of ABC Corp. Year 2008 inventories were 396,400. All amounts are in thousands. a) Compute ABC's Debt Ratio (2 points) b) Compute ABC's Current Ratio (2 points) c) Compute ABC's Inventory-turnover ratio (2 points) d) Compute ABC's Profit Margin on Sales (2 points) e) Compute ABC's Price/earnings ratio (2 points) f) Compute ABC's Book Value Per Share (2 points) Tables for Q13 Balance Sheet ASSETS Current Assets Cash & Cash Equivalents Short-Term Investments Receivables (net) Inventories Other Current Assets Deferred Income Tax LIABILITIES ANDSHAREHOLDER'S EQUITY Current Liabilities 2009 2008 Accounts Payable 448 339 271,076 Current Portion of L.T. Debt 349 2009 Other Accrued Expenses 1.667,012 1,203 006 Total Current Liabilities 2,115,351 1,474,431 835,546 Long-Term Debt 7,259 682,666 Other Liabilities 111,893 95,931 2.269.845 Other L.T. Liability Charges 682,400 Total Liabilities 2,227,244 1,577,621 187,257 Preferred Stock 183,872 Common Shareholder's Equity Common Stock (Note #1) 2,208,235 2,169,856 4,841,586 Capital Surplus 119,726 80,333 1,334,648 Retained Earnings 3.545,710 1,653,094 137,572 Less: Treasury Stock/Other 1,066,527 720,635 Other Stockholder Equity 45730,283 404 Total Common Shareholder's Equity 5,874,128 3,933,566 TOTAL LIABILITIES & EQUITY 8,101,372 5,511,187 8,101 372 Note #1: Shares Outstanding 574,160 572,830 Total Current Assets Property Plant & Equip Goodwill Intangible Assets Capital Assets Deferred Long-Term Asset Charges TOTAL ASSETS Income Statement (THOUSANDS) 2009 11,065, 1866 5,967,888 5,097,298 2008 ,009,395 2,928,814 3,080,581 Total Revenue Cost of Revenue Gross Margin Operating Expenses Selling, General & Administrative Research & Development Other Operating Expenses Operating Income Interest Expense Other (expenses) revenues Net Income Before Taxes (NIBT) Tax Provision (Benefit) NET INCOME EARNINGS PER COMMON SH. PRICE PER SHARE (YR. END) 1.495,697 684.702 194.803 2,722,096 881.482 359.828 108.112 1,731,159 78,267 79,361 2,800,363 907,747 1,892,616 $3.30 $41.50 1,810,520 516,653 1,293,867 $2.26 $103.80

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions