Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

See attactched images. could you help me find the inventory turnover rate, the firms TIE, the firms debt/assets ratio, and the firms ROA all to

See attactched images. could you help me find the inventory turnover rate, the firms TIE, the firms debt/assets ratio, and the firms ROA all to the nearest hundreths place please?
image text in transcribed
image text in transcribed
Following information applies to the following questions. The balance sheet and income statement shown below are for Kos Inc. Note that the firm has no amortization charges, it does not lea any assets, none of its debt must be retired during the next 5 years and the notes payable will be rolled over. 2010 $1.600 9.200 12.800 $23,600 $16,400 $40.000 Balance Sheet (Millions of $) Assets Cash and securities Accounts receivable Inventories Total current assets Net plant and equipment Total assets Liabilities and Equity Accounts payable Notes payable Accruals Total current liabilities Long-term bonds Total debt Common stock Retained earnings Total common equity Total liabilities and equity $7,600 5,600 4.400 $17,600 $13.800 $31.400 $-200 8.800 $8.600 $40.000 Income Statement (Millions of 2010 $) Net sales $76,000 Operating costs except 71,060 depreciation Depreciation 1.330 Earnings bef interest and taxes $3,610 (EBIT) Less interest 1.213 Earnings before taxes (EBT) $2,398 Taxes 839 Net income $1.558 Other data: Shares outstanding (millions) 500.00 Common dividends (millions of $545.43 $) Intrate on notes payable & L-T 6.25% bonds Federal plus state income tax 35% rate Year-end stock price $37.40

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

Criminal Capital How The Finance Industry Facilitates Crime

Authors: S. Platt

1st Edition

113733729X,1137337303

More Books

Students also viewed these Finance questions