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please detail with formulas also. thank you. Exercise w The balance sheet and income statement shown below are for Pettijohn Inc. Note that the firm
please detail with formulas also. thank you.
Exercise w The balance sheet and income statement shown below are for Pettijohn Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. Balance Sheet (Millions of $) 2012 Assets Cash and securities Accounts receivable Inventories Total current assets Net plant and equipment Total assets $ 1,554.0 9,660.0 13,440.0 $24,654.0 17,346.0 $42.000.0 Liabilities and Equity Accounts payable Notes payable Accruals Total current liabilities Long-term bonds Total debt Common stock Retained earnings Total common equity Total liabilities and equity $ 7.980.0 5.880.0 4.620.0 $18.480.0 10,920.0 $29.400.0 3.360.0 9.240.0 $12.600.0 $42.000.0 Income Statement (Millions of S) Net sales Operating costs except depr'n Depreciation Eamings befint and taxes (EBIT) Less interest Earnings before taxes (EBT) 2012 $58.800.0 $54,978.0 $ 1.029.0 $ 2.793.0 1,050.0 $ 1.743.0 $ 610.1 $ 1.133.0 Taxes Net income Other data: Taxes Net income $ 610.1 $ 1,133.0 Other data: Shares outstanding (millions) Common dividends Int rate on notes payable & L-T bonds Federal plus state income tax rate Year-end stock price 175,00 $ 509.83 6.25% 35% $77.69 Al Tareeqah Management Studies - 2020 Required a. What is the firm's current ratio? b. What is the firm's quick ratio? c. What are the firm's days sales outstanding? Assume a 360-day year for this calculation d. What is the firm's total assets turnover? c. What is the firm's inventory turnover ratio? f. What is the firm's ROA? g. What is the firm's ROE? h. What is the firm's net profit margin? i. Analyze the company performanceStep by Step Solution
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