Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Calculate the following finacial ratios Q}Here are Slmpllfied financll statements for Phone Corporation In 2020: INCOME STATEMENT (Figures in $ millions) Net sales Cost Of

Calculate the following finacial ratios
image text in transcribed

Q}Here are Slmpllfied financll statements for Phone Corporation In 2020: INCOME STATEMENT (Figures in $ millions) Net sales Cost Of goodS Sold Other expenses Depreciation Earnings before 'interest' ap taxes (EBIT) $ 12,40 3,660 403?) $ 2 32 Interest expensel}it Income before Taxes (at Net incornef Dividendsbfl Assets cash Bhd mark Receivables Inventories other current 'assets Total current asset; Net property, plant, and equ otherAong-term assets otl -assets Liabilities and shareholders* equ* payables Short-term debt current liabilities Total current liabilities Long-term debt and leases Other long-term liabilities Shareholders' equity Total liabilities andhareho Calculate the following financlalratl? ubes; in $ millions ju 9? 89 4,124 $ 2i,e66 2,484 1, 379 '771 $ 4,634 _9,xe 7,324 $127, ese Yeti P 50 02 570 15>05 $ 27,095 $ 2,960 1,533 747 0265 721 s 27,095 Note: Use 365 deys In e year. DO ptot o balance Sheet;ii u b. Return c.aeturn on capitaf(use aVeragebalan? ghee!figur+ d. Daysininveniory (use ces e. Inventoryurnover (use start-gryeaq an sh!ee gu f. Average collection period '(use h. Long-term debt ratio (use rfb!9 ! fi j .i. Total debt ratio (use end-of}, j, Times interest earned Ike cash coverage ratio Current ratio (use end-or-ve a!anoe Sheet figures) m. Quick ratio (use 'balance sheet figures) lc latlons. Round your final answers to 2declmal places. gays dus

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

International Finance The Markets And Financial Management Of Multinational Business

Authors: Maurice D. Levi

3rd Edition

0070376875, 978-0070376878

More Books

Students also viewed these Finance questions

Question

=+What is our leadership style like?

Answered: 1 week ago

Question

=+What are our core competencies or competitive advantages?

Answered: 1 week ago