Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

s of Financial Statement Analysis Accounts receivable at May 31, 2011: $3,138 Inventories at May 31, 2011: 2,715 Total assets at May 31, 2011: 14,998

image text in transcribed
image text in transcribed
s of Financial Statement Analysis Accounts receivable at May 31, 2011: $3,138 Inventories at May 31, 2011: 2,715 Total assets at May 31, 2011: 14,998 Stockholders' equity at May 31, 2011: 9,843 the following measures for the fiscal years ended May 31, 2013 (fiscal 2012), and May 31, 2012 (fiscal 2011). Do not round interim calculations. Round the workin capital amount in part (a) to the nearest dollar, Round all other final answers to one decimal place. When required, use the rounded final answers in subsequent computations Fiscal Year 2012 2011 Working capital (in millions) a. b. Current ratio d. Accounts receivable turnover days e. Number of days' sales in receivables f. Inventory turnover Number of days' sales in inventory g. h. Ratio of liabilities to stockholders' equity I. Ratio of sales to assets 1. Rate earned on total assets, assuming interest expense is $23 million for the year ending May 31, 2013, and $31 milion for the year ending May % -% t 31, 2012 k. Rate earned on stockholders' equity s ratio, assuming that the market price was $61.66 per share on May 31, 2013, and $53.10 per share on May 31, 2012 Percentage relationship of net income to sales m. Accounts receivable at May 31, 2011: $3,138 Inventories at May 31, 2011: 2,715 Total assets at May 31, 2011: 14,998 Stockholders' equity at May 31, 2011:9,843 Determine the following measures for the fiscal years ended May 31, 2013 (fiscal 2012), and May 31, 2012 (fiscal 2011). Do not round interim calculations. Round the workin capital amount in part (a) to the nearest dollar, Round all other final answers to one decimal Fiscal Year Fiscal Year 2011 2012 a. Working capital (in millions) b. Current ratio c. Quick ratio d. Accounts receivable tunover days f. Inventory turnover Number of days' sales in inventory h. Ratio of liabilities to stockholders' equity days days 9. i. Ratio of sales to assets Rate earned on total assets, assuming interest expense is $23 million for the year ending May 31, 2013, and $31 million for the year ending May | 0 % 0% 31, 2012 k. Rate earned on stockholders' equity share on May 31, 2013, and $53.10 per share on May 31, 2012 m. Percentage relationship of net income to sales leck Hy Work 3 more Check My Wonk s of Financial Statement Analysis Accounts receivable at May 31, 2011: $3,138 Inventories at May 31, 2011: 2,715 Total assets at May 31, 2011: 14,998 Stockholders' equity at May 31, 2011: 9,843 the following measures for the fiscal years ended May 31, 2013 (fiscal 2012), and May 31, 2012 (fiscal 2011). Do not round interim calculations. Round the workin capital amount in part (a) to the nearest dollar, Round all other final answers to one decimal place. When required, use the rounded final answers in subsequent computations Fiscal Year 2012 2011 Working capital (in millions) a. b. Current ratio d. Accounts receivable turnover days e. Number of days' sales in receivables f. Inventory turnover Number of days' sales in inventory g. h. Ratio of liabilities to stockholders' equity I. Ratio of sales to assets 1. Rate earned on total assets, assuming interest expense is $23 million for the year ending May 31, 2013, and $31 milion for the year ending May % -% t 31, 2012 k. Rate earned on stockholders' equity s ratio, assuming that the market price was $61.66 per share on May 31, 2013, and $53.10 per share on May 31, 2012 Percentage relationship of net income to sales m. Accounts receivable at May 31, 2011: $3,138 Inventories at May 31, 2011: 2,715 Total assets at May 31, 2011: 14,998 Stockholders' equity at May 31, 2011:9,843 Determine the following measures for the fiscal years ended May 31, 2013 (fiscal 2012), and May 31, 2012 (fiscal 2011). Do not round interim calculations. Round the workin capital amount in part (a) to the nearest dollar, Round all other final answers to one decimal Fiscal Year Fiscal Year 2011 2012 a. Working capital (in millions) b. Current ratio c. Quick ratio d. Accounts receivable tunover days f. Inventory turnover Number of days' sales in inventory h. Ratio of liabilities to stockholders' equity days days 9. i. Ratio of sales to assets Rate earned on total assets, assuming interest expense is $23 million for the year ending May 31, 2013, and $31 million for the year ending May | 0 % 0% 31, 2012 k. Rate earned on stockholders' equity share on May 31, 2013, and $53.10 per share on May 31, 2012 m. Percentage relationship of net income to sales leck Hy Work 3 more Check My Wonk

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing

Authors: Alan Millichamp, John Taylor

11th Edition

1473749301, 978-1473749306

More Books

Students also viewed these Accounting questions