Question
Perform an analysis of a company's liquidity using at least five liquidity ratios from the book. Following the quantitative analysis, provide a qualitative report of
Perform an analysis of a company's liquidity using at least five liquidity ratios from the book. Following the quantitative analysis, provide a qualitative report of the company's liquidity.
CONSOLIDATED BALANCE SHEETS
(Dollar amounts in thousands)
December 31, | ||||||||
2015 | 2014 | |||||||
Assets | ||||||||
Current assets: | ||||||||
Cash and cash equivalents | $ | 505,157 | $ | 551,652 | ||||
Notes receivable | 8,750 | 4,546 | ||||||
Accounts receivable, less allowances of $7,533 at 2015 and $8,792 at 2014 | 371,757 | 368,393 | ||||||
Inventories at lower of cost or market: | ||||||||
Finished goods | 297,967 | 302,032 | ||||||
Work in process | 26,666 | 28,611 | ||||||
Raw materials and supplies | 87,928 | 91,208 | ||||||
412,561 | 421,851 | |||||||
Other current assets | 36,405 | 40,114 | ||||||
Total current assets | 1,334,630 | 1,386,556 | ||||||
Property, plant and equipment: | ||||||||
Land and land improvements | 49,782 | 49,760 | ||||||
Buildings | 277,034 | 277,602 | ||||||
Machinery and equipment | 1,637,637 | 1,552,140 | ||||||
Molds, cores and rings | 236,370 | 218,827 | ||||||
2,200,823 | 2,098,329 | |||||||
Less: Accumulated depreciation | 1,405,625 | 1,358,126 | ||||||
Property, plant and equipment, net | 795,198 | 740,203 | ||||||
Goodwill | 18,851 | 18,851 | ||||||
Intangibles, net of accumulated amortization of $62,274 at 2015 and $49,010 at 2014 | 133,490 | 137,784 | ||||||
Restricted cash | 802 | 653 | ||||||
Deferred income tax assets | 136,310 | 189,179 | ||||||
Other assets | 16,895 | 15,711 | ||||||
Total assets | $ | 2,436,176 | $ | 2,488,937 |
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Liquidity ratios are the ratios that measure the ability of a company to meet its short term debt obligations These ratios measure the ability of a company to pay off its shortterm liabilities when th...Get Instant Access to Expert-Tailored Solutions
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