Answered step by step
Verified Expert Solution
Question
1 Approved Answer
*Numbers in millions USD Use the Balance Sheet and Income Statement to answer the following questions (show your work): 1. Calculate the (Operating) Return on
*Numbers in millions USD
Use the Balance Sheet and Income Statement to answer the following questions (show your work):
1. Calculate the (Operating) Return on Assets for the following fiscal years (2019,2020,2021).
2019: 2020: 2021:
2. Calculate the Inventory Turnover for the following fiscal years (2019, 2020, 2021).
2019: 2020: 2021:
BALANCE SHEET \begin{tabular}{llll} \hline 2019 & 2020 & 2021 \end{tabular} ASSETS LIABILITIES \begin{tabular}{lrrrr} \hline Debt in Current Liabilities & 7,592.000 & 1,961.000 & 1,564.000 \\ Notes Payable & 6,109.000 & 0.000 & 0.000 \\ Debt - Due in One Year & 1,483.000 & 1,961.000 & 1,564.000 \end{tabular} SHAREHOLDERS' EQUITY INCOME STATEMENT \begin{tabular}{lrrrr} Income Before Extraordinary Items - Adjusted for Common Stock Equivalonts & 636.000 & 11,873.000 & 4,202.000 \\ \hline Extraordinary Iterns and Discontinued Operations & 0.000 & 0.000 & 0.000 \\ \hline Extraordinary Items & 0.000 & 0.000 & 0.000 \\ Discounted Operations & 0.000 & 0.000 & 0.000 \\ \hline Not Income Adjusted for Common Stock Equivalents & 636.000 & 11,873.000 & 4,202.000 \\ \hline Not Income (Loss) & 636.000 & 11,873.000 & 4,202.000 \\ \hline \end{tabular}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