Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Bo Know Profit Corporation 2018 Statement of comprehensive income ($ in millions) Sales $8,800 Less: Costs 5,600 Depreciation 900 EBIT 2,300 Less: Interest 350 EBT

Bo Know Profit Corporation 2018 Statement of comprehensive income ($ in millions)
Sales $8,800
Less: Costs 5,600
Depreciation 900
EBIT 2,300
Less: Interest 350
EBT 1,950
Less: Taxes 550
Net Income 1,400
Dividends 900
Addition to ret. Earnings 500
Bo Know Profit Corporation 2017 and 2018 Statement of financial position ($ in millions)
2017 2018 2017 2018
Cash $170 $110 Accounts payable $135 $120
Accounts rec. 500 700 Notes payable 1,200 1,400
Inventory 1,240 1,000 Current liabilities 1,335 1,520
Current assets 1,910 1,810 Long-term debt 2,005 2,620
Fixed assets 2,000 3,500 Common stock (50 shares) 100 200
Retained earnings 470 970
Total assets $3,910 $5,310 Total liab. & equity $3,910 $5,310

Which of the following contains the components of the Du Pont identity for the company? Use year-end 2018 values where appropriate.

0.159; 1.66; 4.54

0.169; 1.56; 4.54

0.159; 1.77; 4.26

0.427; 1.40; 2.00

0.132; 1.66; 5.46

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Leverage Space Trading Model

Authors: Ralph Vince

1st Edition

0470455950, 978-0470455951

More Books

Students also viewed these Finance questions