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Barry Computer Company: Balance Sheet as of December 31, 2019 (In Thousands) Cash $ 241,995 Accounts payable $ 204,765 Receivables 539,835 Other current liabilities 204,765
Barry Computer Company: | ||||||
Balance Sheet as of December 31, 2019 (In Thousands) | ||||||
Cash | $ | 241,995 | Accounts payable | $ | 204,765 | |
Receivables | 539,835 | Other current liabilities | 204,765 | |||
Inventories | 409,530 | Notes payable to bank | 148,920 | |||
Total current assets | $ | 1,191,360 | Total current liabilities | $ | 558,450 | |
Long-term debt | 446,760 | |||||
Net fixed assets | 670,140 | Common equity (85,629 shares) | 856,290 | |||
Total assets | $ | 1,861,500 | Total liabilities and equity | $ | 1,861,500 |
Barry Computer Company: Income Statement for Year Ended December 31, 2019 (In Thousands) | ||||
Sales | $ | 2,550,000 | ||
Cost of goods sold | ||||
Materials | $1,020,000 | |||
Labor | 637,500 | |||
Heat, light, and power | 102,000 | |||
Indirect labor | 255,000 | |||
Depreciation | 76,500 | 2,091,000 |
Gross profit | $ | 459,000 | |
Selling expenses | 306,000 | ||
General and administrative expenses | 25,500 | ||
Earnings before interest and taxes (EBIT) | $ | 127,500 | |
Interest expense | 35,741 | ||
Earnings before taxes (EBT) | $ | 91,759 | |
Federal and state income taxes (25%) | 22,940 | ||
Net income | $ | 68,819 | |
Earnings per share | $ | 0.8037 | |
Price per share on December 31, 2019 | $ | 11.00 |
- Calculate the indicated ratios for Barry. Do not round intermediate calculations. Round your answers to two decimal places.
Ratio Barry Industry Average Current 2.08 Quick 1.37 Days sales outstandinga days 36 days Inventory turnover 6.80 Total assets turnover 1.54 Profit margin % 2.52 % ROA % 3.89 % ROE % 8.93 % ROIC % 7.70 % TIE 3.50 Debt/Total capital % 39.93 % M/B 5.10 P/E 16.31 EV/EBITDA 9.26 - Construct the DuPont equation for both Barry and the industry. Do not round intermediate calculations. Round your answers to two decimal places.
FIRM INDUSTRY Profit margin % 2.52% Total assets turnover 1.54 Equity multiplier
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