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Data for Barry Computer Co. and its industry averages follow. The firm's debt is priced at par, so the market value of its debt equals
Data for Barry Computer Co. and its industry averages follow. The firm's debt is priced at par, so the market value of its debt equals its book value. Since dollars are in thousands, number of shares are shown in thousands too. Barry Computer Company: Balance Sheet as of December 31, 2019 (In Thousands) Cash $ 95,760 Accounts payable Receivables 340,480 Other current liabilities Inventories 297,920 Notes payable to bank Total current assets $ 734,160 Total current liabilities Long-term debt Net fixed assets 329,840 Common equity (48,944 shares) Total assets $ 1,064,000 Total liabilities and equity $ 106,400 85,120 74,480 $ 266,000 308,560 489,440 $ 1,064,000 Barry Computer Company: Income Statement for Year Ended December 31, 2019 (In Thousands) Sales $ 1,900,000 Cost of goods sold Materials $836,000 Labor 570,000 Heat, light, and power 57,000 Indirect labor 190,000 Depreciation 38,000 1,691,000 Gross profit $ 209,000 Selling expenses 95,000 General and administrative expenses 38,000 $ $ Earnings before interest and taxes (EBIT) Interest expense Earnings before taxes (EBT) Federal and state income taxes (25%) Net income Earnings per share Price per share on December 31, 2019 76,000 27,770 48,230 12,058 36,172 0.7390 14.00 $ $ $ a. Calculate the indicated ratios for Barry. Do not round intermediate calculations. Round your answers to two decimal places. Ratio Barry Industry Average Current 2.79 x Quick 1.61 x Days sales outstandinga days 31 days Inventory turnover 6.96 x Total assets turnover 2.12 x Profit margin 1.78% ROA 3.78% ROE 8.21 ROIC 7.20% 2.79 x Debt/Total capital 43.30% TIE P/E 21.87 11.07 EV/EBITDA Calculation is based on a 365-day year. - Construct the DuPont equation for both Barry and the industry. Do not round intermediate calculations. Round your answers to two decimal places. FIRM INDUSTRY Profit margin 1.78% Total assets turnover 2.12x Equity multiplier
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