Question
Galaxy United, Inc. 2009 Income Statement ($ in millions) Net sales $8,500 Less: Cost of goods sold 7,200 Less: Depreciation 410 Earnings before interest and
Galaxy United, Inc. 2009 Income Statement ($ in millions) | |
Net sales | $8,500 |
Less: Cost of goods sold | 7,200 |
Less: Depreciation | 410 |
Earnings before interest and taxes | 890 |
Less: Interest paid | 82 |
Taxable Income | 808 |
Less: Taxes | 283 |
Net income | $ 525 |
Galaxy United, Inc. 2008 and 2009 Balance Sheets ($ in millions) | ||||||
2008 | 2009 | 2008 | 2009 | |||
Cash | $ 120 | $ 140 | Accounts payable | $1,110 | $1,150 | |
Accounts rec. | 930 | 780 | Long-term debt | 980 | 1,266 | |
Inventory | 1,470 | 1,520 | Common stock | $3,110 | $2,910 | |
Sub-total | $2,520 | $2,440 | Retained earnings | 510 | 734 | |
Net fixed assets | 3,190 | 3,620 | ||||
Total assets | $5,710 | $6,060 | Total liab. & equity | $5,710 | $6,060 |
What is the quick ratio for 2009?
.95 2.12 .80 2.27 1.32Reliable Cars has sales of $4,070, total assets of $3,150, and a profit margin of 5 percent. The firm has a total debt ratio of 41 percent. What is the return on equity? 15.76 percent 8.47 percent 6.46 percent 12.20 percent 10.95 percent
The Wintergrass Company has an ROE of 13.8 percent and a payout ratio of 30 percent. |
What is the companys sustainable growth rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) |
Sustainable growth rate | % |
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