Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Calculate the following using the provided Balance Sheet and Income Statement. (show work) 5 Times Interest Earned 6 Inventory Turnover 7 Days' Sales in Inventory

Calculate the following using the provided Balance Sheet and Income Statement. (show work)

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

5 Times Interest Earned 6 Inventory Turnover 7 Days' Sales in Inventory 8 Receivables Turnover ABC COMPANY INCOME STATEMENT \begin{tabular}{|l|r|} \hline Fiscal year ends in December. USD in millions except per share data. & 202112 \\ \hline Revenue (Sales) & \\ \hline Cost of revenue (Cost of goods sold) & 6,992 \\ \hline Gross profit & 4,433 \\ \hline Sales, general and administrative & 2,559 \\ \hline Operating income & 1,716 \\ \hline Interest Expense & 843 \\ \hline Other income (expense) & 131 \\ \hline Income before taxes & 13 \\ \hline Provision for income taxes & 725 \\ \hline Net income & 134 \\ \hline & 591 \\ \hline Price per share & \\ \hline Earnings per share & 70.95 \\ \hline \end{tabular} \begin{tabular}{|l|r|} \hline Long-term debt & 2,944 \\ \hline Deferred taxes liabilities & 339 \\ \hline Accrued liabilities & 31 \\ \hline Other long-term liabilities & 287 \\ \hline Total non-current liabilities & 3,601 \\ \hline Total liabilities & 5,596 \\ \hline Stockholders' equity & \\ \hline Common stock & 258 \\ \hline Additional paid-in capital & 886 \\ \hline Retained earnings & 7,816 \\ \hline Treasury stock & (6,190) \\ \hline Total stockholders' equity & 2,770 \\ \hline \end{tabular} Total liabilities and stockholders' equity 8,366 ABC COMPANY BALANCE SHEET Fiscal year ends in December. USD in millions. 202112 Assets Current assets \begin{tabular}{|l|r|} \hline Cash and cash equivalents & 396 \\ \hline Receivables & 1,232 \\ \hline Inventories & 749 \\ \hline Deferred income taxes & 127 \\ \hline Prepaid expenses & 2,504 \\ \hline Total current assets & \\ \hline Non-current assets & 2,139 \\ \hline Property, plant and equipment & {1,332} \\ \hline Accumulated Depreciation & 3,677 \\ \hline Goodwill & 1,134 \\ \hline Intangible assets & 244 \\ \hline Other long-term assets & 5,862 \\ \hline Total non-current assets & 8,366 \\ \hline Total assets & \\ \hline Liabilities & \\ \hline Current liabilities & \\ \hline Short-term debt & 220 \\ \hline Accounts payable & 970 \\ \hline Taxes payable & 49 \\ \hline Accrued liabilities & 297 \\ \hline Deferred revenues & 36 \\ \hline Other current liabilities & 423 \\ \hline Total current liabilities & 1,995 \\ \hline Non-current liabilities & \\ \hline \end{tabular}

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

Financial Management Principles And Practices

Authors: Timothy J. Gallagher

9th Edition

1954156103, 978-1954156104

More Books

Students also viewed these Finance questions