Question
The balance sheet and income statement shown below are for Rex Inc. Note that the firm has no amortization charges, it does not lease any
The balance sheet and income statement shown below are for Rex Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will remain the same.
Balance Sheet (Millions of $) |
|
Assets | 2019 |
Cash and securities | $ 1,554.0 |
Accounts receivable | 9,660.0 |
Inventories | 13,440.0 |
Total current assets | $24,654.0 |
Net plant and equipment | 17,346.0 |
Total assets | $42,000.0 |
Liabilities and Equity |
|
Accounts payable | $ 7,980.0 |
Notes payable | 5,880.0 |
Accruals | 4,620.0 |
Total current liabilities | $18,480.0 |
Long-term bonds | 10,920.0 |
Total debt | $29,400.0 |
Common stock | 3,360.0 |
Retained earnings | 9,240.0 |
Total common equity | $12,600.0 |
Total liabilities and equity | $42,000.0 |
|
|
Income Statement (Millions of $) | 2019 |
Net sales | $58,800.0 |
Operating costs except depr'n | $54,978.0 |
Depreciation | $ 1,029.0 |
Earnings bef int and taxes (EBIT) | $ 2,793.0 |
Less interest | 1,050.0 |
Earnings before taxes (EBT) | $ 1,743.0 |
Taxes | $ 610.1 |
Net income | $ 1,133.0 |
Other data: |
|
Shares outstanding (millions) | 175.00 |
Common dividends | $ 509.83 |
Int rate on notes payable & L-T bonds | 6.25% |
Federal plus state income tax rate | 35% |
Year-end stock price | $77.69 |
Now answer the following:
- What is the firm's current ratio?
- What is the firm's quick ratio?
- What is the firm's days sales outstanding? Assume a 360-day year for this calculation.
- What is the firm's total assets turnover?
- What is the firm's inventory turnover ratio?
- What is the firms's TIE?
- What is the firm's EBITDA coverage?
- What is the firm's Debt to assets ratio.
- What is the firm's ROA?
- What is the firm's ROE?
- What is the firm's profit margin?
- What is the firm's dividends per share?
- What is the firm's cash flow per share?
- What is the firm's EPS?
- What is the firm's P/E ratio?
- What is the firm's equity multiplier?
- What is the firm's book value per share?
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