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Current Attempt in Progress You have been presented with the following selected information from the financial statements of one of Canada's largest dairy producers, Saputo
Current Attempt in Progress You have been presented with the following selected information from the financial statements of one of Canada's largest dairy producers, Saputo Inc. (in $ millions): 2019 2018 2017 $ 945 Statement of financial position Accounts receivable Inventory Total current assets $1,248 1,681 3,134 9,886 1,932 1,234 2,422 $ 863 1,172 2,380 7,597 1,193 3,274 Total assets 8,003 Current liabilities 1,293 Total liabilities 4,465 3,205 $11,163 $13,502 9,179 $11,542 7,961 7,680 Statement of income Sales Cost of goods sold Interest expense Income tax expense Net income 67 34 37 97 309 230 755 852 731 (a) Calculate each of the following ratios for 2019 and 2018. (Round answers to 1 decimal place, e.g. 17.5% or 6.5: 1 or $2.6.) (in millions) 2019 2018 1. Current ratio :1 :1 2. Receivables turnover times times 3 Inventory turnover times times 4. Debt to total assets % % 5. Times interest earned times times
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