The balance sheet and income statement for Blossom Supply Company for the fiscal year ended June 30, 2017 is as follows. Blossom Supply Company Income

Question

97 users unlocked this solution today!

The balance sheet and income statement for Blossom Supply Company for the fiscal year ended June 30, 2017 is as follows. Blossom Supply Company Income Statement for the Fiscal Year Ended June 30, 2017($ thousands) Net sales $2,209,900 Cost of goods sold 1,460,400 Selling and administrative expenses 312,700 Nonrecurring expenses 27,500 Earnings before interest, taxes, depreciation, and amortization (EBITDA) $409,300 Depreciation 112,450 Earnings before interest and taxes (EBIT) 296,850 Interest expense 117,650 Earnings before taxes (EBT) $179,200 Taxes (35%) 62,720 Net Income $116,480 $817.500 103,200 Blossom Supply Company Balance Sheet as of June 30, 2017(s thousands) Assets: Liabilities and Equity: Cash and marketable securities $395,900 Accounts payable Accounts receivable 704,800 Notes payable Inventory 1,151,100 Accrued income taxes Other current assets 40,100 Total current liabilities Total current assets $2,291,900 Long-term debt Net plant and equipment 1,979,500 Total liabilities Common stock Retained earnings Total common equity Total assets $4,271,400 Total liabilities and equity 42,000 $962,700 1,149,300 $2,112,000 1,313,000 846,400 $2,159,400 $4,271,400 Use the DuPont equation to all the Use the DuPont equation to calculate the return on equity (ROE). In the process, calculate the following ratios: profit margin, EBIT return on asets, return on asets, equity multiplier, and total asset turnover. 52.759.) Net profit margin THU MUA Euty multiplier Totalturnover ROE Click if you would like to show Work for this question Open Show Work