Aug, 2008 Aug. 2009 U.S. $ (000) U.S. S (000) (12 mos. (Year) Problem 2 (20 pts) The balance sheet (shown in the table) summarizes the financial conditions for Flex inc., Balance Sheet an electronic outsourcing contractor, for fiscal- Summary year 2009. Flex has reported a profit for several Cash years running. Compute the various financial ratios Securities and interpret the firm's financial health during Receivables Allowances fiscal-year 2009. Note that the balance sheet and Inventory the income statement entries in this problem are Current assets not complete. Only relevant entries are listed. Do Property and equipment, net not attempt to add individual entries to confirm Depreciation either current assets or current li abilities. Total assets a) Debt ratio Current liabilities Bonds b) Times-interest-earned ratio Preferred stock c) Current ratio Common stock d) Quick (acid-test) ratio Other stockholders' equity e) Inventory turnover ratio Total liabilities and equity f) Day's sales outstanding Income Statement Summary g) Total assets turnover Total revenues h) Profit margin on sales Cost of sales i) Return on total assets Other expenses j) Return on common equity Loss provision Interest expense k) Price-to-earnings ratio. Assume a stock price of US$65 per share. Income tax 1) Book value per share. Assume that Income continuing 247,004,200 shares were outstanding. Net income Els primary EPS diluted 1,325,637 362.769 1,123,901 -5.580 1.080.083 3.994.084 1,186,885 533.311 4,834,696 1,113,186 922,653 0 271 2,792,820 4,834,696 225.228 83,576 674,193 -3.999 788.519 1,887.558 859,831 -411.792 2,410,568 840,834 385,519 0 117 1,181,209 2,410,568 Income pre-lax 8.391.409 7,614,589 335,808 2.143 36.479 432,342 138.407 293.935 293,935 S1.19 $1.13 5.288.294 4.749.988 237.063 2.254 24.759 298,983 100.159 198.159 198.159 $1.72 $1.65