Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Madison Makeup reported the following on its most recent financial statements (in $ millions). Fill in the highlighted cells in the table. Figure reported in
Madison Makeup reported the following on its most recent financial statements (in $ millions). Fill in the highlighted cells in the table. Figure reported in the actual Miscellaneous financial information financial statement Figure reported in the common size financial statement Taxes Accounts payable Total equity Paid-in capital 8,904 84,334 49,877 Treasury stock -2,225 Retained earnings 36,488 Current assets Nonoperating income (expense) other than interest 2,616 Operating current assets other than any listed in this table 1,102 Total current liabilities Short-term debt 88,732 Total assets Par value 259 Total liabilities PP&E 64,941 Long-term debt 75,200 Net Income Nonoperating current assets other than any listed in this table 2,412 Current liabilities other than any listed in this table 4,791 Accounts receivable 27,156 Total long-term liabilities Inventory 59,710 All equity items other than any listed in this table 14,768 Earnings before taxes Long-term liabilities other than any listed in this table 60,691 Revenue 198,026 Cost of sales 135,897 Interest expense 9,878 Gross income Long-term assets other than any listed in this table Cash 242,719 25,606 Operating income Total long-term assets Current portion of long-term debt SG&A and other indirect expenses What was Madison Makeup's net income margin? What was Madison Makeup's asset turnover ratio? What was Madison Makeup's ratio of assets to equity? What is the product of the 3 figures provided as answers to the 3 previous questions? What was Madison Makeup's ROE, computed as net income divided by total equity? Are the figures in the previous 2 questions equal to each other? Write 1 if the answer is yes or write 0 if the answer is no. 10,731 24,848
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started