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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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