ASSIGNMENT 2 BUSINESS FINANCE FIN 3200 10 Points KUIPERS ENTERPRISES 2018 Income Statement ($ in millions Sales Cost of goods sold Depreciation EBIT Interest paid Taxable income Taxes (34%) Net income Addition to retained earnings $1,512 Dividends $9,000 4,500 700 $3,800 $2,112 600 2018 KUIPERS ENTERPRISES Balance Sheets as of December 31, 2017 and 2018 {$ in millions) Assets 2017 2018 Liabilities and Owners' Equity 2017 Current assets Current liabilities Cash $ 404 $ 247 Accounts payable Receivables 1,115 1.616 Notes payable Inventory 2,870 4,225 Other 4,389 6,088 Total Fixed assets Long-term debt Net plant and equipment 8,452 8,100 Owners' equity Common stock 500 Capital surplus Retained earnings Total Total $12,841 Total 1300 6.397 $12841 $14,188 Total 5 1.55 0.85 Calculating Financial Ratios. calculate the following financial ratios for KUIPERS ETERPRISES for 2018. Berich Mark thege ratios (use Ind Ave) Short-term solvency ratios IND. AVE a Current ratio b. Quick ratio c. Cash ratio Asset utilization ratios 2.4 d. Total asset turnover Ne. Inventory turnover f. Receivables turnover Long-term solvency ratios 8. Total debt ratio h. Debt-equity ratio i Equity multiplier Times interest earned ratio k. Cash coverage ratio Profitability ratios 1. Profit margin m. Return on assets 10.5% n. Return on equity