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Please solve all questions correctly and in order 2015 2014 BALANCE SHEETS - Allied Food Products - December 31 (in millions of dollars) Assets Cash
Please solve all questions correctly and in order
2015 2014 BALANCE SHEETS - Allied Food Products - December 31 (in millions of dollars) Assets Cash and equivalents Accounts receivable Inventories Total current assets Net plant and equipment Total assets 10 376 515 7 80 315 415 ? 1,000 2 B70 ? Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities Long-term bonds Total liabilities Common stock (50,000,000 shares) Retained earnings Total common equity Total liabilities and equity 60 140 110 ? 750 ? 30 130 60 ? 580 2 130 810 ? 130 750 2 ? 2 INCOME STATEMENTS - Allied Food Products - Years Ending December 31 (in millions of dollars) 2015 2014 10,000.0 7,000.0 9,500.0 6,650.0 2,616.2 100.0 2,497.0 90.0 Sales Cost of Goods Sold Operating costs except depreciation and amortization Depreciation and amortization Earnings before interest and taxes (EBIT) Less interest Earnings before taxes (EBT) Taxes Net income ? 88.0 195.8 78.3 ? 60.0 203.0 81.2 ? ? Additional Data Year-end stock price Shares outstanding (in millions) Tax rate 2015 $23.06 50 40% 2014 $26.00 50 40% 2 Calculate and interpret the Face Share Ps) Did it more from 2014 3 Calcolate and interpret the Book Value per Share VPS Dicit improve from 2014 to Calculate and interpret liquidity ratios. Did it improve from 2014 to 2015? 5. Calculate and interpret the debt ratio. Did it improve from 2014 to 2015? 1 Fill in the empty cells 2015 2015? 6. Calculate and interpret the Average collection period. Did it improve from 2014 to 2015 7. Calculate and interpret the Accounts Payable Deferral. Did it improve from 2014 to 2015? 8. How does profitability of the company change from 2014 to 2015? Perform all necessary calculationsStep by Step Solution
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