Question
The balance sheet and income statement shown below are for Big D Caf: Balance Sheet (millions of $) Assets Cash and securities 2,500 Accounts receivable
The balance sheet and income statement shown below are for Big D Caf:
Balance Sheet (millions of $)
Assets
Cash and securities 2,500
Accounts receivable 11,500
Inventories 16,000
Total current assets 30,000
Net plant and equipment 20,000
Total assets 50,000
Liabilities and Equity
Accounts payable 9,500
Notes payable 7,000
Accruals 5,500
Total current liabilities 22,000
Long-term debt 15,000
Total liabilities 37,000
Common stock 2,000
Retained earnings 11,000
Total common equity 13,000
Total liabilities and equity 50,000
Income Statement (millions of $)
Sales 87,500
Operating costs except depreciation 81,813
Depreciation 1,531
EBIT 4,156
Interest expense 1,375
EBT 2,781
Taxes 973
Net income 1,808
Other data
Shares outstanding (million) 500
Common dividends $632.73
Interest rate on notes payable and L-T debt 6.25%
Tax rate 35%
Year-end stock price $43.39
Please answer the following questions:
- What is the firms quick ratio?
- What is the Inventory turnover ratio?
- What is the firms days sales outstanding? Assume a 365-day year
- What is the firms ROA?
- What is the firms total debt to total capital ratio?
- What is the firms profit margin?
- What is the firms ROE using the DuPont equation?
with steps, please
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