Question 1 of 8 -17 ... The current asset portion of Darden Restaurants, Inc's balance sheet is as follows (in $ millions). Fiscal Year Ended May 27, 2018 May 28, 2017 Current assets: Cash and cash equivalents $146.9 $233.1 Receivables, net 83.7 75.9 Inventories 205.3 178.9 Prepaid income taxes 15.9 6.2 Prepaid expenses and other current assets 89.9 80.6 Assets held for sale 11.9 13.2 Total current assets $553.6 $587.9 Prepare a horizontal analysis of Darden Restaurants' current assets. (If amount and percentage are a decrease show the numbers as negative, e.s. -55,000, -20% or (55,000). (20%). Round answers to 1 decimal place, e.g. 12.5.) Fiscal Year Ended 5/27/2018 5/28/2017 $ Change DOLL8 Assignment Question 1 of 8 - 17 E Prepare a horizontal analysis of Darden Restaurants' current assets. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round answers to 1 decimal place. e.g. 12.5.) Fiscal Year Ended 5/27/2018 5/28/2017 $ Change Current assets: Cash and cash equivalents Receivables, net Inventories Prepaid income taxes Prepaid expenses/other current assets Assets held for sale Total current assets DOLLAssignment Question 1 of 8 - 17 Prepare a horizontal analysis of Darden Restaurants' current assets. (If amount and percentage are a decrease show the numbers as negative, e g. -55,000, -20% or (55,000). (20%%). Round answers to 1 decimal place, e.g. 12.5.) Fiscal Year Ended 5/27/2018 5/28/2017 $ Change % Change $ $ $ % % % % K DOLLPIC 8 Assignment Question 7 of 8 - 18 8 : Cullumber Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2019 and 2020 follow. Cullumber Medical Comparative Balance Sheet As of December 31 2020 2019 Assets Current assets Cash $397,000 $417.450 Accounts receivable, net 1,089,000 776,400 Inventory 733,000 681,050 Other current assets 381,400 247.100 Total current assets 2,600,400 2,122.000 Property, plant. & equipment, net 8.616,295 8.439,830 Total assets $11,216.695 $10,561,830 Liabilities and Stockholders' Equity Current liabilities 63, 156.000 $2.846.050 DELLsk Tick. DPS Homepage Student Portal | M Desmos 650 TOPIC 8 Assignment Question 7 of 8 18 3 ... Liabilities and Stockholders' Equity Current liabilities $3,156,000 $2,846,050 Long-term debt 3.702,600 3,892,600 Total liabilities 6,858.600 6,738,650 Preferred stock, $5 par value 58,950 58,950 Common stock, $0.25 par value 104,650 103,850 Retained earnings 4.194,495 3.660,380 Total stockholders equity 4,358.095 3,823,180 Total liabilities and stockholders' equity $11.216,695 $10.561,830 Cullumber Medical Comparative Income Statement and Statement of Retained Earnings For the Year 2020 2019 Sales revenue (all on account) $10,177,300 $9,613,950 Cost of goods sold 5,612,300 5,298,700 Gross profit 4.565,000 4.315,250 DOLLQuestion 7 of 8 - / 8 Gross profit 4.565,000 4,315,250 Operating expenses 2.840,250 2,634,200 Net operating income 1,724,750 1,681,050 Interest expense 300.300 308,650 Net income before taxes 1,424,450 1,372,400 Income taxes (30%) 427,335 411,720 Net income $997,115 $960,680 Dividends paid Preferred dividends 29,500 29.500 Common dividends 433,450 413.100 Total dividends paid 462,950 442,600 Net income retained 534,115 518,080 Retained earnings, beginning of year 3,660,380 3,142,300 Retained earnings, end of year $4.194,495 $3.660,380 Calculate the following profitability ratios for 2020. (Round answers to 1 decimal place, e.g. 50. 16.)Question 7 of 8 8 E Common dividends 433,450 413,100 Total dividends paid 462,950 442,600 Net income retained 534,115 5 18,080 Retained earnings, beginning of year 3,660,380 3,142,300 Retained earnings, end of year $4,194,495 $3,660,380 Calculate the following profitability ratios for 2020. (Round answers to 1 decimal place, e.g. 50.16.) a. Gross margin percentage b. Return on assets c. Return on common stockholders equity eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer DOLL