The balance sheet and income statement shown below are for Byrd Inc, and the data are to be used for questions 31 through 49. Note that the firm has no amortization charges, it does not lease any assets, and none of its debt must be retired during the next 5 years (notes payable will be rolled over). BALANCE SHEET Cash Accts. receivable Inventories Total current assets $ 140.0 880.0 1,320.0 $2,340.0 Accounts payable Notes payable Accruals Total current liabilities Long-term bonds Total debt Common stock (50,000 shares) Retained earnings Total common equity Total liabilities & equity $ 800.0 600.0 400.0 $1,800.0 1,000.0 $2,800.0 200.0 1,000.0 $1,200.0 $4,000.0 Net plant & equip. Total assets 1,660.0 $4,000.0 $ INCOME STATEMENT Net sales Operating costs Depreciation EBIT Less: Interest Less: Taxes Net income $ 6,000.0 5,599.8 100.2 300.0 96.0 204.0 81.6 122.4 $ $ OTHER DATA Shares outstanding (millions) Common dividends Interest rate on N/P and long-term bonds Federal plus state income tax rate Year-end stock price 60.00 $42.8 6.0% 40% $30.60 The balance sheet and income statement shown below are for Byrd Inc, and the data are to be used for questions 31 through 49. Note that the firm has no amortization charges, it does not lease any assets, and none of its debt must be retired during the next 5 years (notes payable will be rolled over). BALANCE SHEET Cash Accts. receivable Inventories Total current assets $ 140.0 880.0 1,320.0 $2,340.0 Accounts payable Notes payable Accruals Total current liabilities Long-term bonds Total debt Common stock (50,000 shares) Retained earnings Total common equity Total liabilities & equity $ 800.0 600.0 400.0 $1,800.0 1,000.0 $2,800.0 200.0 1,000.0 $1,200.0 $4,000.0 Net plant & equip. Total assets 1,660.0 $4,000.0 $ INCOME STATEMENT Net sales Operating costs Depreciation EBIT Less: Interest Less: Taxes Net income $ 6,000.0 5,599.8 100.2 300.0 96.0 204.0 81.6 122.4 $ $ OTHER DATA Shares outstanding (millions) Common dividends Interest rate on N/P and long-term bonds Federal plus state income tax rate Year-end stock price 60.00 $42.8 6.0% 40% $30.60 Refer to the financial statements of Byrd Inc. (click here to open). What is the firm's current ratio? A. 1.20 B. 1.40 0 0 o C.1.50 OD. 1.30 O E. 1.10 Refer to the financial statements of Byrd Inc. (click here to open). What is the firm's equity multiplier? A. 3.00 O O B.2.67 O C.3.16 D. 3.33 O o E. 2.84 Refer to the financial statements of Byrd Inc. (click here to open). What is the firm's TIE? O A. 2.82 O O O B.2.98 O C.3.49 OD. 3.30 E. 3.13 O Refer to the financial statements of Byrd Inc. (click here to open). What is the firm's P/E ratio? A. 20.0 OB. 17.5 C.10.0 OD. 15.0 E. 12.5 Refer to the financial statements of Byrd Inc. (click here to open). What is the firm's ROA? A. 3.06% B.3.41% O C.3.24% OD.3.65% O E. 2.90% Refer to the financial statements of Byrd Inc. (click here to open). What is the firm's inventory turnover? O A. 4.41 OB. 4.55 o C. 4.69 D. 4.97 E. 4.83 Refer to the financial statements of Byrd Inc. (click here to open). What is the firm's BEP? o A. 8.00% O B. 7.50% o C.8.50% O D. 8.25% o E. 7.75%
