Question
SHARP (in millions) Current Year Prior Year Select Income Statement Information Net revenue Cost of goods sold Selling, general, and administrative expenses $ 4,570 2,664
SHARP (in millions) Current Year Prior Year Select Income Statement Information Net revenue Cost of goods sold Selling, general, and administrative expenses $ 4,570 2,664 1,312 $ 4,334 2,547 1,240 Interest expense Income tax expense 90 88 242 211 Net income: Select Statement of Cash Flows Information Cash paid for interest Cash flows from operating activities Select Balance Sheet Information Cash and equivalents 392 342 74 78 653 580 531 388 Marketable securities. 15 Accounts receivable. 526 532 Inventories. 269 267 Prepaid expense and, other current assets 44 34 Accounts payable 195 130 Current accrued expenses 422 378 Current portion of long-term debt 10 26 Other current liabilities 120 941 Long-term debt 1,345 1,319 Required: Compute the following ratios for the current year: (Round your answers to 2 decimal places.) Receivable turnover ratio Inventory turnover ratio Current ratio Cash ratio Times interest earned ratio Cash coverage ratio
Step 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