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For problems 12., 13., 14., and 15., refer to the following information related to Matthews Corporation. Presented below is selected financial information for Matthews Corporation
For problems 12., 13., 14., and 15., refer to the following information related to Matthews Corporation. | |||||||||||
Presented below is selected financial information for Matthews Corporation for the most recent fiscal year ended December 31 ($ millions) | |||||||||||
Assets | Liabilities | ||||||||||
Cash and cash equivalents | 2,432 | Accounts payable | 5,030 | ||||||||
Short-term investment | 1,456 | Other current liabilities | 2,747 | ||||||||
Receivables, net | 1,280 | Total current liabilities | 7,777 | ||||||||
Merchandise inventories | 5,174 | Long-term liabilities | 2,479 | ||||||||
Other current assets | 1,387 | Shareholders' Equity | 5,000 | ||||||||
Total current assets | 11,729 | Total liabilities and shareholders' equity | 15,256 | ||||||||
Noncurrent assets | 3,527 | ||||||||||
Total assets | 15,256 | ||||||||||
Revenues | 40,339 | ||||||||||
Costs and Expenses | 38,889 | ||||||||||
Operating Income | 1,450 | ||||||||||
Other income/expense (including interest expense of $90) | (63) | ||||||||||
Income before income tax | 1,387 | ||||||||||
Income tax expense | 141 | ||||||||||
Net income including noncontrolling interests | 1,246 | ||||||||||
Previous Year's Financial Data | |||||||||||
Total Assets | 14,013 | ||||||||||
Shareholders' Equity | 3,989 | ||||||||||
The current ratio is for Matthews Corporation is ________. | |||||||||||
A. | 0.66 | ||||||||||
B. | 4.73 | ||||||||||
C. | 1.49 | ||||||||||
D. | 1.51 | ||||||||||
The debt to equity ratio for Matthews Corporation is ________. | |||||||||||
A. | 0.495 | ||||||||||
B. | 2.051 | ||||||||||
C. | 2.280 | ||||||||||
D. | 0.992 | ||||||||||
The return on equity for Matthews Corporation is ________. | |||||||||||
A. | 30.9% | ||||||||||
B. | 27.7% | ||||||||||
C. | 31.2% | ||||||||||
D. | 24.9% | ||||||||||
The return on assets for Matthews Corporation is ________. | |||||||||||
A. | 8.9% | ||||||||||
B. | 14.4% | ||||||||||
C. | 8.2% | ||||||||||
D. | 8.5% |
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