Ratio Analysis current ratio current assets / current liabilities quick ratio (current assets - inventory) / current liabilities inventory turnover cast of goods sold / inventory total asset turnover sales / total assets debt ratio total liabilities / total assets let profit margin net income / sales DuPont Analysis return on assets (ROA) ROA = net income / total assets = (net income / sales) X (sales / total assets) return on equig (ROE) ROE - net income / total equity - (net income / sales) X (sales / total assets) X (total assets / total equity) Strong Foods Company page 2 End-of-Year Balance Sheets ( $ millions ) Assets 1019 2018 2017 2016 2015 Cash 567 23 316 282 514 Marketable Securities $2070 26193 25757 26880 26300 Accounts Receivable $197 3869 3385 3541 3369 Inventories 4096 350 1343 3447 3343 Prepaid Expenses 1648 1168 3617 3243 3569 Current Assets 43578 34975 36418 37393 37095 Gross Fixed Assets 14278 12693 2317 11985 11655 Accumulated Depreciation 3500 2500 200 0 1500 Net Fixed Assets 10778 9693 9817 9985 10155 Other Assets 13637 11393 12550 12035 Total Assets 67993 55574 57628 59928 59285 Liabilities and Shareholders' Equity Notes Payable 738 1715 805 1818 553 Accounts Payable 4065 2602 2270 2207 2005 Accrued liabilities 4814 3980 1729 4076 3985 Dividend Payable 0 Accrued Income Taxes 100 151 237 170 451 Current Liabilities 16364 8448 7041 8271 6994 Long-Term Del 12902 7081 8475 9723 11591 Other Liabilities 3073 5472 9214 10185 10235 Preferred Stock none amborized wove issued Common Stock no par value; authorized 1.180 000,800 shares issued 1 180,900 070 shares Additional Paid-in Capital 23445 23445 23445 23445 23445 Earnings Retained in the Business 12209 11128 8304 7020 Shareholders' Equity 35654 34573 32898 31749 30465 Tot Liab and Equity 67993 53574 57628 59928 59285 page 3 End-of-Year Income Statements ($ millions 2019 2018 2017 2016 2015 Net Sales 37241 34356 34113 32168 30498 Cost of Sales 24651 21940 21845 20281 1853 Gross Profit 12590 12416 12268 11887 11967 Marketing & Selling Expense 5857 5440 $353 4993 4602 Administrative Expense 1952 1814 1785 1665 1534 R&D Expense 450 64 381 617 59 Operating Income 4331 4521 4749 4612 5772 Interest Income Other Expense (Income) Depreciation Expense 500 500 500 500 500 BIT 3831 4021 4112 5272 Interest Expense 604 510 636 665 665 EBT 3227 3511 3613 3446 4607 Income Taxes 1137 951 1481 1278 1812 Net Income 2090 2560 2137 2168 2795 Dividends paid 1509 8:85 983 884 Earnings per Share 1.1611111 1.4222222 1.1844444 1.2044444 1.5527778
