Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please solve step by step please I will give you a vote please do it Question 11 The condensed financial statements of the Estee Lauder
please solve step by step please I will give you a vote please do it
Question 11 The condensed financial statements of the Estee Lauder Companies, Inc. for the years ended June 30, 2020, and 2019 are presented below. Estee Lauder Companies, Inc. Balance Sheet June 30 (BDT in millions) 2020 2019 546.90 624.80 544.50 211.40 346.70 580.60 630.30 181.30 Assets Current assets Cash and cash equivalents Accounts receivable (net) Inventories Prepaid expenses and other current assets Total Current Assets Property, plant, and equipment (net) Investments Intangibles and other assets Total Assets 1,927.60 580.70 30.30 877.90 3.416.50 1,738.90 528.70 51.00 910.20 3.218.80 Liabilities and Shareholders' Equity Current liabilities Long term liabilities Total stockholders' equity Total liabilities and stockholders' equity 959.60 635.00 1,821.90 3.416.50 856.70 650.00 1,712.10 3.218.80 Estee Lauder Companies, Inc. Income Statement For the year ended June 30 (BDT in millions) 2020 2019 4,751.50 4,682.10 Revenues Costs and expenses Cost of goods sold Selling and administrative expenses 1,273.40 3,133.60 1,226.40 2,947.60 Interest expense Total cost and expenses EBIT Income tax expense Net Income 17.60 4,424.60 326.90 114.40 212.50 26.70 4,200.70 481.40 174.00 307.40 SITE 603 Compute and interpret the following ratios for 2020 and 2019. (a) Current ratio (b) Quick ratio () Inventory Turnover (Inventory on 6/30/2018 was TK 546.3) (d) Receivable Turnover (Receivable on 6/30/2018 was TK 525.25) () Gross Profit Margin (f) Net Profit margin (g) Return on assets (Assets on 6/30/2018 was TK 3043.3) (h) Times interest earned. (b) Explain the concept of integrated reportStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started