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From the data and tables below: what was the comparison? Was it higher, lower, greater, ....etc.? Worldwide Widget Manufacturing, Inc. Statement of Cash Flows as

From the data and tables below: what was the comparison? Was it higher, lower, greater, ....etc.?

Worldwide Widget Manufacturing, Inc. Statement of Cash Flows as of December 31, 2015 (in millions of dollars)

Balance of retained earnings. December 31, 2014

$1,142

Plus: Net income for 2015

$30

Preferred stock

$98

Common stock

$219

Total cash dividends paid

$317

Balance of retained earnings, December 31, 2015

$1,489

w. Plus: Net income for 2015 = $30

x. Preferred stock = $98

1. Earnings before taxes for 2015 2 ; $949

2. Gross plant and equipment for 2015 1 ; $3,240

3. Increase in fixed assets, December 31, 2015 3 ; $343

4. Net sales for 2015 2 ; $2,376

5. Balance of retained earnings, December 31, 2015 4 ; $1,489

6. Common stock and paid-in surplus for 2014 1 ; $300

7. Net Cash flow from investing activities, December 31, 2015 3 ; $377

8. Increase in inventory, December 31, 2015 3 ; $18

9. Accrued wages and taxes for 2014 1 ; $257

10. Book value per share (BVPS) for 2015 2 ; $7.16 total off -4.75

Worldwide Widget Manufacturing, Inc.

Company

Industry

Comparison

Current ratio

1.3

2.2

-0.9

Quick ratio

0.6

1.1

-0.5

Cash ratio

0.36

0.35

0.0

Inventory turnover

0.3

2

-1.7

Days' sales in inventory

125

135

-9.8

Average payment period

185

110

74.7

Sales to working capital

6.6

3

3.6

Total asset turnover

2.1

0.6

1.5

Debt-to-equity

1.1

1.1

0.0

Profit margin

24%

16.50%

7.32%

Gross profit margin

68%

48.13%

20.18%

ROA

13%

8.78%

4.67%

ROE

37%

19.45%

17.05%

Dividend payout

48%

32%

15.74%

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