Question
Figure 1 : Dorne Corporation: Balance Sheet (EUR million) Assets 2020 Liabilities & Shareholders Equity 2020 Current assets Current Liabilities Cash 11 Accounts payable 23.0
Figure 1 : Dorne Corporation: Balance Sheet (EUR million)
Assets | 2020 | Liabilities & Shareholders Equity | 2020 |
Current assets |
| Current Liabilities |
|
Cash | 11 | Accounts payable | 23.0 |
Accounts receivable | 26.4 | Short-term debt | 6.4 |
Inventories | 28.6 | Total current liabilities | 29.4
|
Total current assets | 66.0 | Long-term liabilities |
|
Long-term assets |
| Long-term debt | 56.0 |
Property, plant and equipment | 61.8 | Total long-term liabilities |
|
Total long-term assets | 61.8 | Total liabilities | 85.4 |
|
| Shareholders Equity |
|
|
| Common Stock | 16.0 |
|
| Retained earnings | 26.4 |
|
| Total shareholders equity | 42.4 |
Total assets | 127.8 | Total liabilities & shareholders equity | 127.8 |
Figure 2: Dorne Corporation: Income Statement (EUR million)
Net Sales | 352.2 |
Cost of sales | -294.6 |
Gross Profit | 57.6 |
SGA expenses* | -26.0 |
Research & development | -15.2 |
Depreciation and amortisation | -2.2 |
Operating Income (EBIT) | 14.2 |
Interest income (expense) | -9.2 |
Pretax income | 5.0 |
Tax | -1.2 |
Net Income | 3.8 |
*Selling, General and Administrative
From Figures 1 and 2 above calculate the following ratios for Dorne Corporation for 2020:
Net profit margin
Quick ratio
Asset turnover
Inventory days
Debt ratio
ROE
ROA
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