Question
Hockey Rinks Inc. 2018 Statement of comprehensive income ($ in millions) Sales $10,850 Costs of goods sold $8,410 Depreciation $190 EBIT $2,250 Interest $165 EBT
Hockey Rinks Inc. 2018 Statement of comprehensive income ($ in millions) Sales $10,850 Costs of goods sold $8,410 Depreciation $190 EBIT $2,250 Interest $165 EBT $2,085 Taxes $710 Net income $1,375 Dividends paid $300 Addition to retained earnings $1,075 Hockey Rinks Inc. Statement of financial position Years ended 2017 and 2018 ($ in millions) 2017 2018 2017 2018 Cash $980 $960 Accounts payable $950 $730 Accounts rec. $950 $880 Notes payable $40 $150 Inventory $2,120 $1,750 Total $990 $880 Total $5,050 $3,590 Long-term debt $2,225 $100 Fixed assets $1,700 $2,540 Common stock $2,030 $3,570 Retained earnings $505 $1,580 Total assets $5,750 $6,130 Total liabilities and Owners equity $5,750 $6,130 The component values used in the Du Pont analysis for 2018 are: Multiple Choice 19.2%, 0.37, and 2.11. 12.7%, 1.77, and 1.19. 12.7%, 0.37, and 1.19. 12.7%, 1.77, and 2.11. 19.2%, 1.77, and 1.19.
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