Question
The balance sheet and income statement shown below are for Primax Limited. 32 marks Balance Sheet (Millions of $) Assets 2021 Cash and cash equivalents
The balance sheet and income statement shown below are for Primax Limited. 32 marks
Balance Sheet (Millions of $) | |
Assets | 2021 |
Cash and cash equivalents | $3,554.0 |
Prepayments | 1,500.0 |
Accounts receivable | 12,660.0 |
Inventories | 16,440.0 |
Total current assets | $34,154.0 |
Long-term investments | 8,500.0 |
Net plant and equipment | 38,346.0 |
Total assets | $81,000.0 |
Liabilities and Equity | |
Accounts payable | $9,980.0 |
Notes payable | 11,880.0 |
Accruals | 4,620.0 |
Current maturities of long-term debt | 3,500.0 |
Total current liabilities | $29,980.0 |
Long-term bonds | 16,920.0 |
Total liabilities | $46,900.0 |
Common stock | 9,360.0 |
Retained earnings | 24,740.0 |
Total common equity | $34,100.0 |
Total liabilities and equity | $81,000.0 |
Income Statement (Millions of $) | 2021 |
Net sales | $98,800.0 |
Operating costs except depreciation | $65,274.0 |
Depreciation | $7,029.0 |
Earnings before interest and taxes (EBIT) | $26,497.0 |
Less interest | 5,050.0 |
Earnings before taxes (EBT) | $21,447.0 |
Taxes | $ 4,314.0 |
Net income | $17,133.0 |
Other data: | |
Shares outstanding (millions) | 175.00 |
Common dividends | $ 1,509.83 |
Interest rate on notes payable & Long-Term bonds | 6.25% |
Income tax rate | 21.7% |
Year-end stock price | $117.69 |
What is the firm's current ratio? [Show your workings for full marks]
- What is the firm's net operating profit after taxes (NOPAT)? [Show your workings for full marks]
- What is the firm's total assets turnover (ATO)? [Show your workings for full marks]
- What is the firm's Times Interest Earned (TIE) multiple? [Show your workings for full marks]
- What is the firm's debt ratio (i.e., debt-to-assets ratio)? [Show your workings for full marks]
- What is the firm's basic earning power (BEP) ratio? [Show your workings for full marks]
- What is the firm's equity multiplier? [Show your workings for full marks]
- Equity Multiplier = Total Assets Stockholders' Equity
- What is the firm's P/E ratio? [Show your workings for full marks]
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