Question
Assume you are given the following abbreviated financial statements: On the basis of this information, calculate as many liquidity, activity, leverage, profitability, and common stock
Assume you are given the following abbreviated financial statements: 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 $79.28 per share.)
' ($ in millions) Current assets 191 Fixed and other assets 347 Total assets 538 Current liabilities 186 Long-term debt 64 Stockholders' equity 288 Total liabilities and equity 538 Common shares outstanding (millions) 26 Total revenues 822 Total operating costs and expenses 663 Interest expense 25 Income taxes 45 Net profits 89 Dividends paid to common stockholders 25
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