Calculated metrics for Sampled firm #1 using balance sheet and income statement: working capital average income tax rate Inventory tumover days' sales in inventory receivables turnover days' sales in receivables payables turnover days' cost in payables cash cycle average tax rate assets turnover capital intensity ratio ROA ROE Page millions current year last year Consolidated Balance Sheet Assets Current assets Cash and cash equivalents Receivables net of allowances Inventories Prepaid exponses Other current assets Total current assets $519 218 500 108 199 1.544 $852 198 441 97 168 1756 Long term assets Property. Plant and Equipment (not) Investments Deferred income taxes Intangible assets Other long term assets Total long term assets 3,163 63 144 789 38 4.197 2923 120 132 789 24 3.988 Total assets $5.741 55.744 Liabilities Current liabilities Current portion of long term debit Accounts payable Accrued liabilities Other current liabidites Total current liabilities 3 295 436 518 1.252 2 278 379 600 1.257 Long term liabilities Long term notes payable Other long term debt Other long term liabilities Total long term liabilities 62 587 21 720 60 548 66 674 $1,972 51,931 Total liabilities Stockholders' equity Common stock Other equity increasury stock Rotuined earnings Total stockholders' equity 2,904 (1.152) 2017 3.709 2,863 (718) 1.668 Total liabilities and stockholders' equity 35.241 $5.724 P millions Retained earnings statement Retained earings, 1/1 Add net income Less dividends paid Retained eamings 12/31 $1,668 536 187 $2017 Consolidated income statement Net sales Less cost of goods sold (without depreciation) Gross margin Selling expenses General and administrative expenses Research and development expenses Other operating expenses Depreciation Operating income Interest income Other income (loss) Income before interest and taxes (EBIT) Interest expense Income before taxes Income tax expense (refund) Net income millions $15,389 9.973 5,416 0 4,033 0 16 439 928 0 17 945 67 878 342 $536