Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Table summarizes the financial conditions for Intel Corporation (INTC), a manufacturer of various computer-processing chips for fiscal year 2013. Compute the various financial ratios and

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

Table summarizes the financial conditions for Intel Corporation (INTC), a manufacturer of various computer-processing chips for fiscal year 2013. Compute the various financial ratios and interpret the firm's financial health during fiscal year 2013. The closing stock price was $25.50 on December 31, 2013 and the average number of outstanding shares was 4.98 billi (a) Debt ratio (b) Times-interest-earned ratio (c) Current ratio (d) Quick (acid-test) ratio (e) Inventory-turnover ratio (f Days-sales-outstanding (g) Total assets-turnover ratio (h) Profit margin on sales (i Return on total assets (with a lax rate of 40%) Return on common equity (k) Price/earnings ratio (I) Book value per share Table BALANCE SHEET Period Ending Dec 28, 2013 Dec 29,2012 Cash And Cash Equivalents 5,674,000 8,478,000 Short Term Investments 14,413,000 9,684,000 Net Receivables 6,176,000 5,950,000

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 Principles And Techniques

Authors: Prof. A.R. Solanki

1st Edition

9350533979, 9789350533970

More Books

Students also viewed these Accounting questions

Question

Auditing software often used to test computer data

Answered: 1 week ago