Question
Assume you are given the following abbreviated financial statement. ($ in millions) Current assets $150.0 Fixed and other assets 200.0 Total assets $350.0 Current liabilities
Assume you are given the following abbreviated financial statement.
($ in millions)
Current assets $150.0
Fixed and other assets 200.0
Total assets $350.0
Current liabilities $100.0
Long-term debt 50.0
Stockholders equity 200.0
Total liabilities and equities $350.0
Common shares outstanding 10 million shares
Total revenues $500.0
Total operating costs and expenses 435.0
Interest expense 10.0
Income taxes 20.0
Net profits $ 35.0
Dividends paid to common stockholders $ 10.0
P7.1 On the basis of this information, calculate as many liquidity, activity, leverage, profitability, and common stock measures as you can. (Note: Assume the current market price of the common stock is $75 per share.)
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