Question
Assume you are given the following abbreviated financial statements: LOADING.... On the basis of this information, calculate as many liquidity, activity, leverage, profitability, and common
Assume you are given the following abbreviated financial statements: LOADING.... 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 $78.67 per share.) ($ in millions) Current assets 272 Fixed and other assets 304 Total assets 576 Current liabilities 187 Long-term debt 81 Stockholders' equity 308 Total liabilities and equity 576 Common shares outstanding (millions) 16 Total revenues 898 Total operating costs and expenses 788 Interest expense 20 Income taxes 36 Net profits 54 Dividends paid to common stockholders 16
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