Calculate Working Capital for fiscal year 2011. Show your answer in thousands of dollars. O $216,690 O $511,583 O $517,339 O $173,802 None of the above 44 O 35 Calculate the Cash Flow to Net Income Ratio for fiscal year 2010. Round the decimal answer to two decimal places. 2.08 97 0 4.00 0.79 None of the above Calculate the Dividend Payout % for fiscal year 2011. Round the percentage answer to two decimal places 0 25.44% O 34.06% O 20.16% 21.22% O None of the above D 037 49 Calculate the fiscal 2011 Number of Days Sales in Inventory. Round all average calculations to whole numbers. Round all decimal results to two decimal places. Use 365 days in the year. 0 40.42 days O 61.08 days O 68.35 days O 61.04 days None of the above The Toro Company CONSOLIDATED STATEMENTS OF EARNINGS 2009 (Dollars and how the dropper shendets) calended Och 31 2011 2010 Net sale Cost of sales 1,2473 1.113.961 1912. Am Gros pront 63617 576.93 Selling general, and administrative expense 452,160 425,125 395,778 Operating earning 16,437 151,266 115,19 Interest expense (16.970) (17.113) (1757) Other Income (expense), het 7,309 7,115 1,831 Earnings before Income taxes 174,826 141,268 95,78% Provision for Income taxes 57,168 48,031 32.951 Net earnings $ 117,658 $ 93,237 $ 62.837 Rasie net earnings per share of common stock $ 3.76 $ 2.83 1.76 Diluted net earnings per share of common stock $ 3.70 S 2.79 $ 1.73 Weighted average number of shares of common stock outstanding - Baste 31,267 32,982 35,788 Weighted average number of shares of common stock outstanding - Diluted 31,791 33.437 36,240 The financial statements should be read in conjunction with the Notes to Consolidated Financial Statements 41 Red Company Formula Sheet Vertical Analysis of the income Statement Net Prof Margin - Profitability Accounts Receivable Turnover Ratio Any Line on Income Statement Net Sales Net Income Net Sales Net Sales Average Accounts Receivable, Net Vertical Analysis of the Balance Sheet Total Assets Turnover Ratio - Efficiency Number of Days Sales in Receivables Any Asset Line on Ralance Sheet Total Assets Net Sales Average Total Assets 365 Accounts Receivable Turnover Ratio Any Liabilities or Stockholders' Equity Line Total Liabilities and Stockholders' Equity Inventory Turnover Ratio Assets to Equity Ratio - Leverage Average Total Assets Average Total Stockholders' Equity Horizontal Analysis Cost of Goods Sold Average Inventory Current Year Amount - Prior Year Amount Prior Year Amount Return on Equity Number of Days Sales In Inventory Net Income Average Total Stockholders' Equity 365 Inventory Turnover Ratio Working Capital Current Assets Less: Current Liabilities Return on Assets % Dividend Payout $ Net Income Average Total Assets Total Cash Dividends Declared Net Income Current Ratio Current Assets Current Liabilities Cash Flow to Net Income Ratio Free Cash Flow Net Cash Provided by Operating Activities Net Income Net Cash Provided by Operating Activities Less: Net Cash Paid to Purchase Prop, Plant, Equip Less: Cash Dividends Paid Financial Statement Analysis Questions Utilizing the: Consolidated Statements of Earnings, Consolidated Balance Sheets, Consolidated Statements of Cash Flows, and Consolidated Statements of Stockholders' Equity and Comprehensive Income that have been provided to you with this test, complete questions Q31-Q40. Observe that: Net Income is called Net Earnings Cost of Goods Sold is called Cost of Sales Amounts in the Financial Statements are in thousands of dollars. Annual Report + Formula Sheet Calculate Working Capital for fiscal year 2011. Show your answer in thousands of dollars. O $216,690 O $511,583 O $517,339 O $173,802 None of the above 44 O 35 Calculate the Cash Flow to Net Income Ratio for fiscal year 2010. Round the decimal answer to two decimal places. 2.08 97 0 4.00 0.79 None of the above Calculate the Dividend Payout % for fiscal year 2011. Round the percentage answer to two decimal places 0 25.44% O 34.06% O 20.16% 21.22% O None of the above D 037 49 Calculate the fiscal 2011 Number of Days Sales in Inventory. Round all average calculations to whole numbers. Round all decimal results to two decimal places. Use 365 days in the year. 0 40.42 days O 61.08 days O 68.35 days O 61.04 days None of the above The Toro Company CONSOLIDATED STATEMENTS OF EARNINGS 2009 (Dollars and how the dropper shendets) calended Och 31 2011 2010 Net sale Cost of sales 1,2473 1.113.961 1912. Am Gros pront 63617 576.93 Selling general, and administrative expense 452,160 425,125 395,778 Operating earning 16,437 151,266 115,19 Interest expense (16.970) (17.113) (1757) Other Income (expense), het 7,309 7,115 1,831 Earnings before Income taxes 174,826 141,268 95,78% Provision for Income taxes 57,168 48,031 32.951 Net earnings $ 117,658 $ 93,237 $ 62.837 Rasie net earnings per share of common stock $ 3.76 $ 2.83 1.76 Diluted net earnings per share of common stock $ 3.70 S 2.79 $ 1.73 Weighted average number of shares of common stock outstanding - Baste 31,267 32,982 35,788 Weighted average number of shares of common stock outstanding - Diluted 31,791 33.437 36,240 The financial statements should be read in conjunction with the Notes to Consolidated Financial Statements 41 Red Company Formula Sheet Vertical Analysis of the income Statement Net Prof Margin - Profitability Accounts Receivable Turnover Ratio Any Line on Income Statement Net Sales Net Income Net Sales Net Sales Average Accounts Receivable, Net Vertical Analysis of the Balance Sheet Total Assets Turnover Ratio - Efficiency Number of Days Sales in Receivables Any Asset Line on Ralance Sheet Total Assets Net Sales Average Total Assets 365 Accounts Receivable Turnover Ratio Any Liabilities or Stockholders' Equity Line Total Liabilities and Stockholders' Equity Inventory Turnover Ratio Assets to Equity Ratio - Leverage Average Total Assets Average Total Stockholders' Equity Horizontal Analysis Cost of Goods Sold Average Inventory Current Year Amount - Prior Year Amount Prior Year Amount Return on Equity Number of Days Sales In Inventory Net Income Average Total Stockholders' Equity 365 Inventory Turnover Ratio Working Capital Current Assets Less: Current Liabilities Return on Assets % Dividend Payout $ Net Income Average Total Assets Total Cash Dividends Declared Net Income Current Ratio Current Assets Current Liabilities Cash Flow to Net Income Ratio Free Cash Flow Net Cash Provided by Operating Activities Net Income Net Cash Provided by Operating Activities Less: Net Cash Paid to Purchase Prop, Plant, Equip Less: Cash Dividends Paid Financial Statement Analysis Questions Utilizing the: Consolidated Statements of Earnings, Consolidated Balance Sheets, Consolidated Statements of Cash Flows, and Consolidated Statements of Stockholders' Equity and Comprehensive Income that have been provided to you with this test, complete questions Q31-Q40. Observe that: Net Income is called Net Earnings Cost of Goods Sold is called Cost of Sales Amounts in the Financial Statements are in thousands of dollars. Annual Report + Formula Sheet