Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please answer attached two questions on ratios, Thanks Q4: Galaxy United, Inc. 2009 Income Statement ($ in millions) Net sales Less: Cost of goods sold

image text in transcribed

Please answer attached two questions on ratios,

Thanks

image text in transcribed Q4: Galaxy United, Inc. 2009 Income Statement ($ in millions) Net sales Less: Cost of goods sold Less: Depreciation Earnings before interest and taxes Less: Interest paid Taxable Income Less: Taxes Net income Cash Accounts rec. Inventory Sub-total Net fixed assets Total assets $8,550 7,180 420 950 77 873 306 $ 568 Galaxy United, Inc. 2008 and 2009 Balance Sheets ($ in millions) 2008 2009 $ 120 $ 140 Accounts payable 940 780 Long-term debt 1,480 1,520 Common stock $2,540 $2,440 Retained earnings 3,150 3,620 $5,690 $6,060 Total liab. & equity What is the return on equity for 2009? rev: 01_14_2016_QC_CS-37830 16 percent 15 percent 13 percent 10 percent 18 percent Q5 Galaxy United, Inc. 2009 Income Statement ($ in thousands) Net sales Less: Cost of goods sold Less: Depreciation Earnings before interest and taxes Less: Interest paid $5,730 4,080 430 1,220 30 2008 $1,100 920 $3,160 510 2009 $1,130 1,193 $2,960 777 $5,690 $6,060 Taxable Income Less: Taxes Net income Cash Accounts rec. Inventory Total Net fixed assets Total assets 1,190 416 $ 774 Galaxy United, Inc. 2008 and 2009 Balance Sheets ($ in thousands) 2008 2009 $ 65 $ 160 Accounts payable 980 830 Long-term debt 1,480 1,970 Common stock $2,525 $2,960 Retained earnings 3,580 3,280 $6,105 $6,240 Total liab. & equity What is the debt-equity ratio for 2009? .46 .24 .27 .47 .39 2008 $1,340 730 $3,105 930 2009 $1,240 520 $3,276 1,204 $6,105 $6,240

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

Step: 3

blur-text-image

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

Fundamentals of Financial Management

Authors: Eugene F. Brigham

Concise 9th Edition

1305635937, 1305635930, 978-1305635937

More Books

Students also viewed these Finance questions