Compute the following equations using the information provided. Please show work.
- AVG COLLECTION PERIOD- Accounts receivable/ (credit sales/ 365)
- INVENTORY TURNOVER- Cost of sales/ Average inventory
- FIXED ASSET TURNOVER- Sales/ Fixed assets
- TOTAL ASSET TURNOVER- Sales/ Total Assets
- DEBT RATIO- Total debt- Total assets
- DEBT TO EQUITY RATIO- Total Debt/ Total Equity
- TIMES INTEREST EARNED- Earnings before interest & taxes (EBIT)/ Interest charges
- FIXED CHARGE COVERAGE- EBIT+ Lease payments/ Interest + Lease Payments+ Preferred stock Dividends before tax+ before tax sinking fund
- GROSS PROFIT MARGIN- Sales- Cost of Sales/ Sales
- NET PROFIT MARGIN- Earnings after taxes (EAT)/ Sales
- RETURN ON INVESTMENT- Earnings after taxes (EAT)/ Total Assets
- RETURN ON SE- Earnings after taxes (EAT)/ Stockholders Equity
GNC HOLDINGS, INC. AND SUBSIDIARIES Consolidated Balance Sheets December 31, 2018 2017 (in thousands) 67,224 S 127,317 465,572 64,001 126,650 485,732 88,942 55.109 804,164 66,648 743,031 Current assets: Cash and cash equivalents Receivables, net Inventory (Note 4) Forward contracts for the issuance of convertible preferred stock (Note 13) Prepaid and other current assets Total current assets Long-term assets: Goodwill (Note 6) Brand name (Note 6) Other intangible assets, net (Note 6) Property, plant and equipment, net (Note 7) Deferred income taxes (Note 5) Other long-term assets Total long-term assets Total assets 140,764 300,720 92,727 155,095 8,776 25,604 723,686 1,527,850 141,029 324,400 99,715 186,562 1,737 23,289 776,732 1,519,763 S S 153,018 148,782 158,756 120,169 427,707 114,081 267,099 Current liabilities: Accounts payable Current portion of long-term debt (Note 8) Deferred revenue and other current liabilities (Note 9) Total current liabilities Long-term liabilities: Long-term debt (Note 8) Deferred income taxes (Note 5) Other long-term liabilities Total long-term liabilities Total liabilities Commitments and contingencies (Note 12) 993,566 39.834 82.249 1.115.649 1,543,356 1,297,023 56,060 85.502 1,438,585 1,705,684 Mezzanine equity: Preferred stock, 50.001 par value, 60,000 shares authorized: Series A convertible preferred stock - 100 shares issued and outstanding at December 31, 2018. No shares issued and outstanding at December 31, 2017 (Note 13) 98,804 Stockholders' deficit: Common stock, 50.001 par value, 300,000 shares authorized: Class A, 129,925 shares issued, 83.886 shares outstanding and 45,991 shares held i treasury at December 31, 2018 and 129,558 shares issued. 83.567 shares outstanding and 45.991 shares held in treasury at December 31, 2017 Additional paid-in capital Retained earnings Treasury stock, at cost (Note 14) Accumulated other comprehensive loss Total stockholders' deficit Total liabilities, mezzanine equity and stockholders' deficit 130 1,007,827 613,637 (1,725,349) (10,355) (114,310) 1,527,850 130 1,001,315 543,814 (1,725,349) (5,831) (185,921) 1,519,763 GNC HOLDINGS, INC. AND SUBSIDIARIES Consolidated Balance Sheets December 31, 2018 2017 (in thousands) 67,224 S 127,317 465,572 64,001 126,650 485,732 88,942 55.109 804,164 66,648 743,031 Current assets: Cash and cash equivalents Receivables, net Inventory (Note 4) Forward contracts for the issuance of convertible preferred stock (Note 13) Prepaid and other current assets Total current assets Long-term assets: Goodwill (Note 6) Brand name (Note 6) Other intangible assets, net (Note 6) Property, plant and equipment, net (Note 7) Deferred income taxes (Note 5) Other long-term assets Total long-term assets Total assets 140,764 300,720 92,727 155,095 8,776 25,604 723,686 1,527,850 141,029 324,400 99,715 186,562 1,737 23,289 776,732 1,519,763 S S 153,018 148,782 158,756 120,169 427,707 114,081 267,099 Current liabilities: Accounts payable Current portion of long-term debt (Note 8) Deferred revenue and other current liabilities (Note 9) Total current liabilities Long-term liabilities: Long-term debt (Note 8) Deferred income taxes (Note 5) Other long-term liabilities Total long-term liabilities Total liabilities Commitments and contingencies (Note 12) 993,566 39.834 82.249 1.115.649 1,543,356 1,297,023 56,060 85.502 1,438,585 1,705,684 Mezzanine equity: Preferred stock, 50.001 par value, 60,000 shares authorized: Series A convertible preferred stock - 100 shares issued and outstanding at December 31, 2018. No shares issued and outstanding at December 31, 2017 (Note 13) 98,804 Stockholders' deficit: Common stock, 50.001 par value, 300,000 shares authorized: Class A, 129,925 shares issued, 83.886 shares outstanding and 45,991 shares held i treasury at December 31, 2018 and 129,558 shares issued. 83.567 shares outstanding and 45.991 shares held in treasury at December 31, 2017 Additional paid-in capital Retained earnings Treasury stock, at cost (Note 14) Accumulated other comprehensive loss Total stockholders' deficit Total liabilities, mezzanine equity and stockholders' deficit 130 1,007,827 613,637 (1,725,349) (10,355) (114,310) 1,527,850 130 1,001,315 543,814 (1,725,349) (5,831) (185,921) 1,519,763 GNC HOLDINGS, INC. AND SUBSIDIARIES Consolidated Balance Sheets December 31, 2018 2017 (in thousands) 67,224 S 127,317 465,572 64,001 126,650 485,732 88,942 55.109 804,164 66,648 743,031 Current assets: Cash and cash equivalents Receivables, net Inventory (Note 4) Forward contracts for the issuance of convertible preferred stock (Note 13) Prepaid and other current assets Total current assets Long-term assets: Goodwill (Note 6) Brand name (Note 6) Other intangible assets, net (Note 6) Property, plant and equipment, net (Note 7) Deferred income taxes (Note 5) Other long-term assets Total long-term assets Total assets 140,764 300,720 92,727 155,095 8,776 25,604 723,686 1,527,850 141,029 324,400 99,715 186,562 1,737 23,289 776,732 1,519,763 S S 153,018 148,782 158,756 120,169 427,707 114,081 267,099 Current liabilities: Accounts payable Current portion of long-term debt (Note 8) Deferred revenue and other current liabilities (Note 9) Total current liabilities Long-term liabilities: Long-term debt (Note 8) Deferred income taxes (Note 5) Other long-term liabilities Total long-term liabilities Total liabilities Commitments and contingencies (Note 12) 993,566 39.834 82.249 1.115.649 1,543,356 1,297,023 56,060 85.502 1,438,585 1,705,684 Mezzanine equity: Preferred stock, 50.001 par value, 60,000 shares authorized: Series A convertible preferred stock - 100 shares issued and outstanding at December 31, 2018. No shares issued and outstanding at December 31, 2017 (Note 13) 98,804 Stockholders' deficit: Common stock, 50.001 par value, 300,000 shares authorized: Class A, 129,925 shares issued, 83.886 shares outstanding and 45,991 shares held i treasury at December 31, 2018 and 129,558 shares issued. 83.567 shares outstanding and 45.991 shares held in treasury at December 31, 2017 Additional paid-in capital Retained earnings Treasury stock, at cost (Note 14) Accumulated other comprehensive loss Total stockholders' deficit Total liabilities, mezzanine equity and stockholders' deficit 130 1,007,827 613,637 (1,725,349) (10,355) (114,310) 1,527,850 130 1,001,315 543,814 (1,725,349) (5,831) (185,921) 1,519,763 GNC HOLDINGS, INC. AND SUBSIDIARIES Consolidated Balance Sheets December 31, 2018 2017 (in thousands) 67,224 S 127,317 465,572 64,001 126,650 485,732 88,942 55.109 804,164 66,648 743,031 Current assets: Cash and cash equivalents Receivables, net Inventory (Note 4) Forward contracts for the issuance of convertible preferred stock (Note 13) Prepaid and other current assets Total current assets Long-term assets: Goodwill (Note 6) Brand name (Note 6) Other intangible assets, net (Note 6) Property, plant and equipment, net (Note 7) Deferred income taxes (Note 5) Other long-term assets Total long-term assets Total assets 140,764 300,720 92,727 155,095 8,776 25,604 723,686 1,527,850 141,029 324,400 99,715 186,562 1,737 23,289 776,732 1,519,763 S S 153,018 148,782 158,756 120,169 427,707 114,081 267,099 Current liabilities: Accounts payable Current portion of long-term debt (Note 8) Deferred revenue and other current liabilities (Note 9) Total current liabilities Long-term liabilities: Long-term debt (Note 8) Deferred income taxes (Note 5) Other long-term liabilities Total long-term liabilities Total liabilities Commitments and contingencies (Note 12) 993,566 39.834 82.249 1.115.649 1,543,356 1,297,023 56,060 85.502 1,438,585 1,705,684 Mezzanine equity: Preferred stock, 50.001 par value, 60,000 shares authorized: Series A convertible preferred stock - 100 shares issued and outstanding at December 31, 2018. No shares issued and outstanding at December 31, 2017 (Note 13) 98,804 Stockholders' deficit: Common stock, 50.001 par value, 300,000 shares authorized: Class A, 129,925 shares issued, 83.886 shares outstanding and 45,991 shares held i treasury at December 31, 2018 and 129,558 shares issued. 83.567 shares outstanding and 45.991 shares held in treasury at December 31, 2017 Additional paid-in capital Retained earnings Treasury stock, at cost (Note 14) Accumulated other comprehensive loss Total stockholders' deficit Total liabilities, mezzanine equity and stockholders' deficit 130 1,007,827 613,637 (1,725,349) (10,355) (114,310) 1,527,850 130 1,001,315 543,814 (1,725,349) (5,831) (185,921) 1,519,763
