Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please answer all the questions Net sales Cost of goods sold Other expenses Depreciation Earnings before interest and taxes (EBIT) Interest expense Income before tax

please answer all the questions image text in transcribed
image text in transcribed
image text in transcribed
Net sales Cost of goods sold Other expenses Depreciation Earnings before interest and taxes (EBIT) Interest expense Income before tax Taxes (at 35%) Net income Dividends $ 13,800 4,410 4,182 2,728 $ 2,480 729 $ 1,760 616 $ 1,144 926 BALANCE SHEET (Figures in $ millions) End of Year Start of Year 96 2,732 222 902 Assets Cash and marketable securities Receivables Inventories Other current assets Total current assets Net property, plant, and equipment Other long-term assets Total assets Liabilities and shareholders' equity Payables Short-term debt Other current liabilities Total current liabilities 3,952 20,043 4,286 $ 28, 281 165 2,630 273 967 $ 4,035 19,985 3,840 $ 27,860 $ 2,634 1,454 846 $4.934 $ 3, 110 1,608 822 $5.540 $ 3,952 20,043 4,286 $ 28,281 $ 4,035 19,985 3,840 $ 27,860 Total current assets Net property, plant, and equipment Other long-term assets Total assets Liabilities and shareholders' equity Payables Short-term debt Other current liabilities Total current liabilities Long-term debt and leases Other long-term liabilities Shareholders' equity Total liabilities and shareholders' equity $ 2,634 1,454 846 $ 4,934 5,275 6,248 11,824 $ 28, 281 53,119 1,688 822 $ 5,540 5,580 6,219 10,521 $ 27,860 Calculate the following financial ratios for Phone Corporation: (Use 365 days in a year. Do not round intermediate calculations. Round your final answers to 2 decimal places.) Round your final answers to 2 decimal places.) % % % days a. Return on equity (use average balance sheet figures) b. Return on assets (use average balance sheet figures) c. Return on capital (use average balance sheet figures) d. Days in inventory (use start-of-year balance sheet figures) e. Inventory turnover (use start-of-year balance sheet figures) f. Average collection period (use start-of-year balance sheet figures) g. Operating profit margin h. Long-term debt ratio (use end-of-year balance sheet figures) i. Total debt ratio (use end-of-year balance sheet figures) j. Times interest earned k. Cash coverage ratio 1. Current ratio (use end-of-year balance sheet figures) m. Quick ratio (use end-of-year balance sheet figures) days %

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Institutions Management A Risk Management Approach

Authors: Anthony Saunders, Marcia Cornett

7th Edition

0073530751, 9780073530758

More Books

Students also viewed these Finance questions

Question

What are the advantages and disadvantages to sprint writing?

Answered: 1 week ago

Question

Compute the following ratios for 2017.

Answered: 1 week ago